I’m Sebastien co-founder and CEO of Early Metrics. TechWatchbySeb is a weekly newsletter to provide Tech Investors, Entrepreneurs & Innovators with my selection of news on the Tech and Web3 ecosystems.
To receive the weekly newsletter directly in your mailbox, just click on the button 👇.
Enjoy 😁
Summary for this week: SAAS B2B back on the frontline 🐢
Before starting ☕️
Section 1 - Tech main news:
SAAS B2B back on the front line 🐢
Venture Loan - here we go
Fintechs remain in da game
Section 2 - Web3 main news:
BIG4 entering the Web3 as well
Web3 for a better diversity?
Total of articles reviewed this week: 18
Before starting ☕️,
After the big market plunge, it was pretty calm last week. Usually I ping 25 - 30 news in average, but this week I hardly got 18 😱.
I am quite curious to see how things will evolve in the coming days, regarding the Tech market and environment. Some major players and investors such as YC, already shared to their investments companies to pay attention. A letter was published and you can read it: YC Letter to founders.
On a personal note, I agree that the market is pretty volatile and we can expect to be harder to raise more funds for Investors. However, I am convinced that the private equity market has been in this mode since COVID now, and the main indicators that makes investor bullish to invest in a company, are business KPIs. Which means, that if the fundamentals of business are strong, there is less chances to see a deep turnaround.
On another note, before starting the press review, I want to share with you a very interesting Infography we’ve released with my Early Metrics team.
Customer experience technologies for the luxury market
In the luxury sector, more than in any other sector, the customer experience is crucial. With new digital tools and the constant evolution of attitudes towards technology, luxury brands have now entered the digital experiential era, which is more immersive and interactive. In the infographic below, we have summarised the key figures and trends surrounding consumer experience technologies in the luxury market.
Last but not least, herebelow the result of last week survey:
How do you think the impact of the last week market plunge on Tech companies 📉?
Referring to my comment below, we can see that the market is really in an in-between situation. We will see in the next months, and probably years its evolutions
Next question for this week at the bottom
🥇SAAS B2B back on the front line 🐢
Even though the market is now quite challenging for several businesses to raise funds, last week was pretty strong regarding SAAS B2B fundraising:
Volicity Global🇺🇸, offers a global employment solution that simplifies how companies onboard, manage, and pay talent. The company founded in 2014, announced a $400M fundraising led by Norwest Venture and Eldridge.
Pathlock 🇺🇸 is a provider of unified access orchestration. Pathlock protects digital enterprises from the inside out. The company announced a $200M fundraising led by Vertica Capital.
Imply Data 🇺🇸, a multi-cloud data platform designed to deliver real-time ingestion and visualizations for event-driven and streaming data flows. The company founded in 2015, just raised a $100M series D led by Thoma Bravo.
Dilitrust 🇫🇷, is a software to the Legal department's and gorvernance departments’s. The company was founded in 1995, just raised $143M led by Catay.
🥈Venture Loan - here we go
Last week, 2 companies announced to have raised important lending line:
Wayflyer 🇮🇪 provides funding and marketing analytics to e-commerce businesses. In order to fund rapid growth they raised $300M with J.P. Morgan in debt line.
MarketFinance 🇬🇧 is a FinTech company providing business finance solutions that help companies grow raises £100M from Deutsche Bank.
Source:
🥉Fintechs remain in da game
As long as SAAS B2B, fintechs deals are pretty resilient regarding the period with important fundraising:
Unit 🇺🇸 is a developer of a platform that allows third parties to integrate banking services into their businesses. The company has just raised a $100M series C led by Insight Partners.
Xendit 🇮🇩 is a fintech company that provides end-to-end digital payment solutions for SMBs, e-commerce startups, and large enterprises. The company founded in 2014 has just raised $300M led by Insight Partners and Coatue.
Thought Machine 🇬🇧 is a Fintech company that builds cloud-native technology to revolutionise core banking. The company founded in 2014, just raised $160M led by Temasek Holdings.
Grid Finance 🇮🇪 is Ireland’s online financing platform where people are lending and businesses are borrowing at competitive interest rates. The company founded in 2013 just raised $100M led by Fasanara Capital.
🥇BIG4 entering the Web3 as well
Ernst & Young Unveils Supply Chain Manager on Polygon Network
Big Four accounting and consulting firm Ernst & Young has unveiled its blockchain-based supply chain manager that is built for the Polygon network and that is aimed at solving bottlenecks in tracing products as they come to market.
The EY OpsChain Supply Chain Manager, which is now available in a beta version, is the first joint project between Ernst & Young and Ethereum scaling tool Polygon following the start of their collaboration last September.
The project is aimed at tackling chokepoints along supply chains combining product traceability with inventory management.
Source: coindesk
🥈Web3 for a better diversity?
UnicornDAO Raises $4.5M to Empower Women and LGBTQ NFT Creators
Digital art collective UnicornDAO has raised $4.5 million to empower women and LGBTQ-led non-fungible token (NFT) initiatives, with members from every corner of the NFT market coming together to participate in the round.
UnicornDAO is led by Nadya Tolokonnikova, a social activist and founding member of the Russian art collective Pussy Riot.
Tolokonnikova has been an activist in the art world for over a decade, most recently involved with UkraineDAO, a project that sold an NFT of the Ukrainian flag for $6.75 million to raise money for Ukraine’s war efforts against Russia in March.
Source: coindesk
First of all thanks for your help to expand the #TechWatchbySeb community.
Question of the week 🥸
Are you expecting Venture & Growth Investments to slow down, as per YC message?
Comment and share 🔥👾🔥👾
Feel free to comment on what you think about those news, what you liked, what you disliked.
And last but not least, feel free to share the newsletter to keep growing the community 🚀
👍 That’s it for this week, wishing you a great week ahead, and feel free to share if you like 😁