The latest funding deals and a few trends we're tracking. Ideas on what else would be helpful?
VENTURE FUNDING 2022-2023
Q1'22 FinTech Deals
Q1'22 Capital Raised (M)
Q2'22 FinTech Deals
Q2'22 Capital Raised (M)
Q3'22 FinTech Deals
Q3'22 Capital Raised (M)
Q4'22 FinTech Deals
Q4'22 Capital Raised (M)
Q1'23 FinTech Deals
Q1'23 Capital Raised (M)
US FINTECH ECOSYSTEM IN 2023
LEADING SECTORS BY STATE
CALIFORNIA
- Blockchain/Crypto (14.1%)
- Lending (13.1%)
- Payments/Billing (12.5%)
NEW YORK
- Blockchain/Crypto (14.6%)
- Wealth Management (14.2%)
- Lending (12.6%)
MASSACHUSETTS
- InsurTech (31.7%)
- Payments/Billing (24.3%)
- Lending (9.7%)
InsurTech is on fire in every major FinTech ecosystem in the US.
Blockchain and crypto are going mainstream. Representing a large portion of NY deals thanks to Wealth and Capital markets solutions.
InsurTech represents a staggering 24% of the Massachusetts ecosystem in 2020 and even higher in Q1 2021.
Boston is giving Atlanta a run for it's payments dominance.
HOW TRENDS ARE EVOLVING [2019 vs 2022]
| 2019 | 2020 | 2021 | 2022 | Variation | |
|---|---|---|---|---|---|
| Lending | 7.54% (82) | 7.54% (66) | 13.29% (165) | 11.74% (131) | 4.2% ▲ |
| Blockchain/Crypto | 8.92% (96) | 7.20% (63) | 14.65% (182) | 16.85% (188) | 7.93% ▲ |
| InsurTech | 13.13% (143) | 12.34% (108) | 12.88% (160) | 11.11% (124) | -2.02% ▼ |
| Capital Markets | 8.36% (91) | 9.49% (83) | 5.96% (74) | 6.00% (67) | -2.36% ▼ |
| Mortgage/Real Estate | 6.06% (66) | 7.54% (66) | 6.76% (84) | 5.91% (66) | -0.15% ▼ |
| Core Technology | 6.24% (68) | 7.09% (62) | 4.11% (51) | 5.65% (63) | -0.59% ▼ |
A surge in Mortgage and Real Estate startups in 2020. Had to cool off eventually.
The crypto bull-market is driving entrepreneurs to the space. Typically dominated by the west coast.
Challenger banks continue to make headlines but flatlined from the year prior.
Anecdotally we're seeing unmet demand for Capital Markets focused startups.