Exclusive interview with Coinbase Ventures on FTX, the future of crypto, and more - December 15, 2022

December 15, 2022 [Exclusive interview: Coinbase Ventures on the FTX fallout]( What does the world’s most active crypto and blockchain investor make of the spectacular collapse of the cryptocurrency exchange FTX? We spoke with Shan Aggarwal, head of corporate development at cryptocurrency exchange Coinbase and head of its venture investment arm, Coinbase Ventures, on what the collapse means for his firm and the industry’s future. [December’s down rounds could be a harbinger]( There has been a lot of talk about down rounds and dropping valuations for startups since about the second quarter of this year, but examples of such picked up this week as startups looked to add cash before the end of the year at slashed prices. [J&J leads $85M round for device that blasts cancer tumors]( Minneapolis-based HistoSonics raised $85 million in funding led by Johnson & Johnson for a futuristic device it says could demolish tumors in patients with liver cancer. [Techstars, Gaingels led the way as growth giants were MIA in November]( November was another down month in venture, as VCs continue to pull back in a chilly market. Only three firms made a dozen or more deals, making us curious as to what December — usually a slow month — may bring. [Digital health exploded during COVID. What’s ahead?]( The current state of flux offers the rare opportunity to build on telehealth successes, writes Robert Krayn, co-founder and CEO of Talkiatry. The entrepreneur shares tips for startups aiming to become a health care provider vs. a booking platform. [’Tis the season to buy an enterprise software company]( Thoma Bravo’s recent purchase of Coupa caps off a busy year for enterprise software M&A deals. Per Crunchbase data, acquirers have spent over $127 billion so far this year in disclosed-price purchases of SaaS and enterprise software companies. [Global venture funding drops further in November]( Global venture funding reached $22 billion in November 2022, down 69% from $70 billion in November 2021. Month-over-month funding is also down by 19%. This is the lowest funding month on record since February 2020 with $18.3 billion invested. Exclusive End-Of-Year Promo Discover companies in a position to buy right now with Crunchbase Pro - now 20% off with code CLOSE2022. Redeem now to increase your ROI with a single solution. [Redeem Offer]( [Enhance Your Sales Team’s Prospecting]( [Crunchbase Enterprise is an all-in-one prospecting solution. Download this product overview sheet to learn how to close more deals without the headache.]( [Download Now]( Crunchbase Pro: Searches and Lists Name Type Entries [US-based investors with 100+ deals led]( Investors 90 [Top-ranked food delivery companies]( Organizations 108 [Privacy and security investments in the past year]( Funding Rounds 1161 [More Featured Searches and Lists]( [Check out our Crunchbase solutions here]( – prospecting tools made for everyone Recent Investments [Novicap]( [200M EUR]( / [Debt Financing]( Novicap is a European Fintech focused on providing end-to-end working capital solutions to businesses. Categories: Business Development • Finance • Financial Exchanges • Financial Services • FinTech Founders: [Federico Travella]( [Marc Antoni Macia]( [Nicolas Overloop]( Investors: [Fasanara Capital]( (Lead) [HistoSonics]( [$85M]( / [Convertible Note]( HistoSonics specializes in developing non-invasive medical devices, interventional radiology, and surgical robotics. Categories: Health Care • Medical • Medical Device Founders: [Brian Fowlkes]( [M. Christine Gibbons]( [Thomas Davison]( Investors: [Johnson & Johnson Innovation – JJDC]( (Lead), [Lumira Ventures]( [State of Wisconsin Investment Board]( [+ 2 more]( [Nesto]( [$80M]( / [Series C]( Nesto is a digital mortgage platform helping lenders to improve and streamline their operations with the the nesto Mortgage Cloud. Categories: Financial Services • FinTech • Real Estate Founders: [Chase Belair]( [Damien Charbonneau]( [Karim Benabdallah]( [Malik Yacoubi]( Investors: [IGM Financial]( (Lead), [BMO Capital Markets]( [Diagram Ventures]( [+ 4 more]( More Fundings Company Amount / Round Lead Investor [Vic.ai]( $52M / [Series C]( [GGV Capital]( [Wave Life Sciences]( $50M / [Post-IPO Equity]( [GlaxoSmithKline]( [ngrok]( $50M / [Series A]( [Lightspeed Venture Partners]( [Sana]( $34M / [Series B]( [Menlo Ventures]( [HistoSonics]( $15M / [Debt Financing]( [Signature Bank]( [BehaVR]( $13M / [Series B]( [Optum Ventures]( [TheyDo]( 12M EUR / [Series A]( [Blossom Capital]( [The Upright Project]( 5.0M EUR / [Seed Round]( [First Fellow Partners]( [All Recent Funding Activity]( Recent Acquisitions [AMF Medical]( Pending acquisition by [Tandem Diabetes Care]( for 192M CHF More Acquisitions Company Acquired By Amount [Prospect Farms]( [Prima]( Unknown [All Recent Acquisition Activity]( #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. 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