Which fintech sectors are VCs bullish about in 2024?

Plus, this firm tops active investor ranks in slow year January 12, 2024 Hi, {NAME}. You probably already know that startup investors [put much less money to work in 2023](. But [Crunchbase]( data shows some investors slowed down much less drastically than others — [leading to a major reshuffling of the most-active startup investor ranks](. Plus, we look at what happened with financial services startups in 2023 and [what areas of fintech investors say could get more attention this year](. And in [another sign of an IPO market thaw in 2024]( a stablecoin startup files to go public. 💸 [Which fintech sectors are VCs bullish about in 2024?]( Fintech — once the startup sector that drew more money than any other — is no longer the No. 1 investor favorite, but still drew billions of dollars in capital in 2023. We look at what happened with the sector in 2023 and hear from investors about what to expect this year. Related Crunchbase Pro list: [Funding to Financial Services Companies In 2023]( 🤑 [A16z tops active investor ranks in slow year]( [Andreessen Horowitz]( reclaimed its frontrunner status among active startup investors in 2023, as firms such as [Tiger Global Management]( and [SoftBank Vision Fund]( retreated in a slow year for venture spending. 🅾️ [Stablecoin startup Circle files confidentially for IPO]( Boston-based [Circle]( the issuer of USDC, which is pegged to the U.S. dollar and is the second-biggest stablecoin, is again aiming to go public, this time in a year when most industry watchers expect to see the IPO markets open up somewhat. ☀️ [Survey says: Readers feel upbeat about 2024]( [Crunchbase News]( readers who responded to our latest survey are more optimistic about the state of the economy and startup world going into 2024 than they were [a year]( or even [just six months, ago]( though they’re still skeptical about an IPO market rebound and many aren’t banking on AI to dramatically recharge the tech world this year. 🇮🇱 [Funding to VC-backed startups in Israel plummeted in Q4]( Venture funding to Israel-based startups in Q4 2023 hit its lowest point since early 2017, as just more than a half-billion dollars was invested in private companies with tensions and violence rising in the region. Related Crunchbase Pro list: [Funding To Israel-Based, VC-Backed Startups]( [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [120Water]( [$43M]( / [Venture Round]( 120Water is a cloud-based system for water management, ensuring safety and compliance in organizations' water systems. Categories: Compliance • Software • Water • Water Purification Founders: [Chris Baggott]( [Dave Kohl]( [Megan Glover]( Investors: [Edison Partners]( (Lead), [Allos Ventures]( [Luma AI]( [$43M]( / [Series B]( Luma AI is a generative AI startup that enables users to transform text descriptions into corresponding 3D models. Categories: 3D Technology • Artificial Intelligence (AI) • Augmented Reality • Computer Vision • Video Games • Virtual Reality Founders: [Alberto Taiuti]( [Alex Yu]( [Amit Jain]( Investors: [Andreessen Horowitz]( [NVIDIA]( [Karma Wallet]( [$2.0M]( / [Seed Round]( Karma Wallet is a fintech startup that uses advanced technology and impact data to promote sustainability. Categories: B2B • B2C • Finance • FinTech • Information Technology • Personal Finance • Sustainability Founders: [Jayant Khadilkar]( [Kedar Karkare]( Investors: [Triangle Tweener Fund]( (Lead) More Fundings Company Amount / Round Lead Investor [Hyperexponential]( $73M / [Series B]( [Battery Ventures]( [Akshayakalpa]( 1.0B INR / [Series C]( [A91 Partners]( [Ask-AI]( $11M / [Series A]( [Leaders Fund]( [Peerlogic]( $5.7M / [Seed Round]( [AZ-VC]( [All Recent Funding Activity]( Recent Acquisitions [Sportech]( Pending acquisition by [Patrick Industries]( for $315M More Acquisitions Company Acquired By Amount [Sumisho Osaka Gas Water]( [Pennon Group]( 89M GBP [All Recent Acquisition Activity]( Upcoming Tech Events [Product Marketing Summit | New York]( March 21 - 22, 2024 in New York Product Marketing Summit is a gathering of PMMs who live at the intersection of product, marketing, and sales. Accelerator Deadlines Date Accelerator Location Jan 15, 2024 [Royal Academy of Engineering Enterprise Hub]( London Jan 19, 2024 [Alchemist Accelerator]( San Francisco [More Upcoming Deadlines]( Don’t see your event? Reach out to us at events@crunchbase.com. #{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 © 2024 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.