As expected, Bill.com is buying Divvy, the Utah-based corporate spend management startup that competes with Brex, Ramp and Airbase. The total purchase price of around $2.5 billion is substantially above the company’s roughly $1.6 billion post-money valuation that Divvy set during its $165 million, January 2021 funding round. Divvy’s growth rate tells us that the company […]
I was going to wait until after Square reported its Q1 results today to dig into the world of fintech earnings and what they might mean for startups, but something got stuck in my craw that matters more than what Jack’s team may have up its sleeve: How much space is being left in fintech […]
Nathan Beckord Contributor More posts by this contributor The lightning-fast Series A (that was 3 years in the making) Founders seeking their first check need a fundraising sales funnel Domm Holland, co-founder and CEO of e-commerce startup Fast, appears to be living a founder’s dream. His big idea came from a small moment in his […]
It’s a win for Boston, but a question mark for fintech exits more broadly Alex Wilhelm 12 hours It’s a big morning for fintech startups today: Flywire, a Boston-based magnet for venture capital, has filed to go public. Flywire is a global payments company that attracted more than $300 million as a startup, according to […]
Phil Edmondson-Jones Contributor Phil Edmondson-Jones is a principal at Oxx, the specialist SaaS VC backing Europe and Israel’s most promising B2B SaaS businesses at the scale-up stage. Once the uncool sibling of a flourishing fintech sector, insurtech is now one of the hottest areas of a buoyant venture market. Zego’s $150 million round at unicorn […]
To close out the week, a short meditation on value, or, more precisely, how assets are valued in today’s markets. Do you recall the pre-direct-listing hype Coinbase enjoyed? After reporting its estimated first-quarter financial performance, interest in the domestic cryptocurrency trading giant ran red-hot. When Coinbase set a $250 per-share direct listing reference price, it was […]
The investment landscape for insurtech startups is off to a hot start in Q2 2021. Since the end of the first quarter, we’ve seen several players in the broad startup category announce new capital, including Clearcover, Alan, Next Insurance and The Zebra. But, as anyone who’s familiar with startups that offer insurance-related products and services knows, […]
If you only stayed up to date with the Coinbase direct listing this week, you’re forgiven. It was, after all, one heck of a flotation. But underneath the cryptocurrency exchange’s public debut, other IPO news that matters did happen this week. And the news adds up to a somewhat muddled picture of the current IPO […]
Coinbase’s direct listing was a massive finance, startup and cryptocurrency event that impacted a host of public and private investors, early employees, and crypto-enthusiasts. Regardless of where one sits in the broader tech and venture world, Coinbase storming north of a $100 billion valuation during its first day of trading was the biggest startup happening […]
A month ago, the company’s deficits would not have been a concern Alex Wilhelm 10 hours It appears that the slowdown in tech debuts is not a complete freeze; despite concerning news regarding the IPO pipeline, some deals are chugging ahead. This morning, we’re adding Alkami Technology to a list that includes Coinbase’s impending direct […]