Equity SPAC is a four-letter word again
Mar 11, 2022
The conversation kicks off with AngelList Ventures securing a $100 million round, prompting discussions on venture capital shifts. Better.com's turmoil takes center stage, questioning if the company can rebound from management blunders. In fintech, the reluctance to embrace SPACs reflects a broader trend of firms opting for traditional funding routes. Meanwhile, Africa's startup scene is booming, with rapid fundraising and increased accelerator participation, showcasing a vibrant new landscape for investment.
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AngelList Venture's Funding Round
- AngelList Venture raised $100 million in a Series B round, led by Tiger Global and Accomplice, at a $4 billion valuation.
- This marks their first institutional round since spinning out from AngelList in 2020.
Market Signals from AngelList Venture's Raise
- The size of AngelList Venture's $100 million round, which could be a Series A, B, or C, reflects current market conditions.
- Raising $100 million at a $4 billion valuation suggests low dilution, indicative of a still-active venture market.
Mara's Funding and Model
- Mara, a grocery delivery startup focused on Brazil's outskirts, raised $6 million.
- It aims to provide wholesale prices and uses local merchants as delivery points, increasing accessibility.