Late-stage tech investor goes bargain-hunting

Plus, pickleball anyone? September 28, 2023 Hi, {NAME}. With late-stage investment [slowing to a crawl]( many startup valuations far below their peaks, and liquidity tough to come by, there are likely some great deals to be had if you want to buy a piece of a promising startup. With that in mind, tech investor [Industry Ventures]( is ready to invest with two new funds raising $1.7 billion with plans to get in on great startups at a great price. We also look at five of September’s most interesting rounds (yes, of course there’s AI.) 🤔 [5 interesting deals in September: The Tesla for boats, and more]( Electric boats, AI reminding us to call our mom, and learning how to play pickleball, et al. are just a few of the more interesting under-the-radar funding rounds you may have missed in September. 💪 [New secondary funds bulk up for late-stage tech investment]( Tech investor [Industry Ventures]( has raised a total of $1.7 billion in new secondary funds to focus on obtaining minority stakes in late-stage VC-backed companies as well as buying successful small and emerging software companies. 🐛 [A surprising amount of money has gone to bug farming startups]( At least [31 funded startups working on insect cultivation]( have collectively raised more than a billion dollars from venture investors betting they can win some consumers and businesses over to this uh, niche, category of alternative protein. Related Crunchbase Pro list: [Insect Cultivation-Related Funded Companies]( 🚩 [How to spot red flags in your business]( Startup life can be a thrilling journey with huge potential for big rewards, but it’s equally fraught with risks. While you might be tempted to ride by the seat of your pants, consider taking a more quantitative approach to evaluating your company’s health, says startup adviser [Itay Sagie](. He highlights [four metrics that can reveal red flags in your business](. Recent Investments [Sierra Space]( [$290M]( / [Series B]( Sierra Space is a commercial space company that specializes in the development of advanced space technologies and solutions. Categories: Advanced Materials • Aerospace • Industrial Manufacturing • Space Travel • Transportation Investors: [Kanematsu Corporation]( (Lead), [MUFG Bank]( (Lead), [Tokio Marine Nichido]( (Lead) [+ 7 more]( [Bright Money]( [$50M]( / [Debt Financing]( Bright Money offers a personalized financial management platform to help individuals manage their finances effectively. Categories: Artificial Intelligence • Finance • Financial Services • FinTech • Personal Finance Founders: [Alexander Seyfert]( [Amit Bendale]( [Avi Patchava]( [Avinash Ramakanth]( [Petko Plachkov]( [Varun Modi]( Investors: [Encina Lender Finance]( (Lead) [albo]( [$40M]( / [Series C]( Albo is a challenger bank that focuses on personal and business finances, as well as debit, credit, payroll, savings, and crypto. Categories: Banking • FinTech • Mobile Apps Founders: [Angel Sahagun]( Investors: [Morpheus Ventures]( (Lead), [Nazca Ventures]( [Valar Ventures]( More Fundings Company Amount / Round Lead Investor [Kolena]( $15M / [Series A]( [lobby capital]( [Evvy]( $14M / [Series A]( [Left Lane Capital]( [Bright Money]( $12M / [Series B]( [Alpha Wave Global]( [Blacklane]( Unknown / [Series F]( [Sixt Rental Cars]( [All Recent Funding Activity]( Recent Acquisitions [Florida City Gas]( Pending acquisition by [Chesapeake Utilities Corporation]( for $923M More Acquisitions Company Acquired By Amount [MaxBet]( [Flutter Entertainment]( 141M EUR [All Recent Acquisition Activity]( #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. [Follow Us on Crunchbase]( [View Jobs on LinkedIn]( [Follow Us on Twitter]( [Like Us on Facebook]( 564 Market St, San Francisco, CA 94104 © 2023 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.