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Fintech in 2022: A story of falling funding, fewer unicorns and insurtech M&A

TechCrunch

If you thought the fourth quarter of 2022 felt slow when it came to investment activity in the fintech space, that’s because it was. billion of investment dollars went to fund fintech startups in the fourth quarter. Unicorn births for all VC-backed companies dropped 86% year-over-year. based companies.

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Why Checkout??.com lowered its internal valuation

TechCrunch

Unlike Klarna’s down round , the new valuation wasn’t determined by a VC firm willing to invest in the company. If Big VC Firm is willing to invest $100 million for a 25% stake of a startup, the startup is now worth four times this investment, or $400 million — at least on paper.

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Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

TechCrunch

While cybersecurity startups continue to attract funding (see: NetSPI’s $410 million growth round ), with investments in the sector totaling close to $4 billion in Q2 2022, the deal flow and size of deals are starting to dip, Crunchbase reported in July. According to Crunchbase data, VC-backed startups in the U.S.

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Riot prepares your team against highly sophisticated cyberattacks

TechCrunch

While it is still quite difficult to raise a funding round in the current economic environment, Riot managed to put together an interesting list of investors. Base10 , a San Francisco-based VC firm that previously invested in flagship startup names like Figma , Notion and CircleCI , led today’s funding round.

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Decoding and learning from a business failure

Berkonomics

One VC I know calls this entrepreneur someone who “has seen the movie before” and even if it was the investor’s money lost as well, he spends time questioning the entrepreneur on lessons learned, often praising the person for having figured out the issues leading to the failure. The economic environment changing downward.

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Boston offers a world of advantages for startup founders

TechCrunch

It needs a couple of successful exits, which in turn drives angel investing as entrepreneurs growing increasingly wealthy look to help new founders building companies reach their own goals. It requires accelerators and incubators and coworking spaces to help nurture early ideas, and it needs VC firms investing across stages.

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Even well-funded fintech companies are laying off workers

TechCrunch

Schulman added: “Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economic environment…While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do.