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What Happened In 2020

A VC: Musings of a VC in NYC

So today, I will write about 2020 in the context of tech/startups/VC/crypto. One of the big ahas of 2020 was how much time and productivity is wasted on commuting and how much more productive we have all become without it. And they finance the trend that they are directionally correct about.

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GetVantage offers revenue-based financing to India’s founders

TechCrunch

That’s the gap that revenue-based financing platforms like GetVantage want to fill. The Mumbai-based startup announced today that it has raised $36 million in equity and debt led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, along with returning investors Chiratae Ventures and Dream Incubator Japan.

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Palantir alums raise $25M from Peter Thiel’s Founders Fund and other VCs for their finance startup, Mosaic

TechCrunch

Mosaic, which aims to change the way CFOs of high-growth companies operate, has raised $25 million in a Series B round of funding led by Founders Fund. The trio moved on to other senior finance roles at companies such as Piazza, Axoni and Everlaw before teaming back up to create Mosaic. It declined to reveal its valuation.

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How fintech and serial founders drove African pre-seed investing to new heights in 2020

TechCrunch

At the time, seven-figure seed investments in African startups were a rarity. But over the years, those same seed-stage rounds have become more common, with some very early-stage startups even raising eight-figure sums. Nigerian fintech startup, Kuda, which bagged $10 million last year, comes to mind, for example.

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Postmates founder banks $23 million for his new crypto startup TipTop

TechCrunch

Postmates founder Bastian Lehmann’s new crypto startup TipTop was lightly teased out a few weeks ago, but now the stealth startup is sharing some info on its early funding, though there’s not much info on what they’re actually doing with that money. billion exit to Uber in mid-2020.

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Financing for students startup StudentFinance raises $5.3M seed from Giant and Armilar

TechCrunch

Fintech startup StudentFinance — which allows educational institutions to offer success-based financing for students — has raised a $5.3 The startup, which launched at the beginning of 2020, provides the tech back end for institutions to offer flexible payment plans in the form of ISAs (income-share agreements).

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Founderpath secures $145M in debt and equity to help B2B SaaS startup founders avoid dilution

TechCrunch

In this challenging fundraising environment, more startups than ever are turning to alternative financial solutions such as debt. Despite the negative connotation associated with debt, a startup should not view it as an act of desperation during downturns, as TechCrunch’s Kyle Wiggers and Alex Wilhelm have recently noted.

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