A $140m investment secured by cyber security firm BlueVoyant stole headlines in this week’s FinTech funding rounds.
In an uncharacteristically quiet week, only 13 deals were secured, but despite this they still brought in a solid $351.5m, which was a vast improvement over last week’s paltry sum of $103.5m in a week marred by inactivity from the US firms due to Thanksgiving.
The CyberTech firm was the only company to secure a deal this week that reached the much-vaunted nine figures mark, with UK-based PayTech company Paysend bagging the best-of-the-rest spot, albeit with less than half the total of BlueVoyant at $65m.
Overall, it was a strong weekend for the PayTech space, with three deals, making up a quarter of this week’s capital injections. However, that wasn’t enough for top spot as the FinTech realm led the way, taking its customary spot as the most active sector with six deals – the highest of which was CapitalOS who bagged $39m.
In terms of geography, the USA bounced back after losing its grip on the top spot over Thanksgiving, reclaiming its position at the head of the funding round table with a prosperous week, securing four deals. However, the Stateside businesses didn’t have it all their own way when securing deals, as the European company’s continued their strong momentum.
The perennial names were both France and the United Kingdom, who combined outdid the might of the US, with five deals. The UK bagged three, one of which went to Belfast-based firm Cloudsmith, while French firms landed two tranches.
Other nation’s that featured this week were Singapore, Sweden, Switzerland, and Australia with one deal each respectively.
Here are this week’s FinTech deals.
BlueVoyant bags $140m Series E and snaps up cybersecurity firm
BlueVoyant, a cyber company known for illuminating, validating, and mitigating internal and external risks, has raised $140m in investment.
This substantial investment was led by existing investors Liberty Strategic Capital, a notable private equity firm, and ISTARI, a cybersecurity investor and advisor founded by Temasek. Eden Global Capital Partners, an affiliate of Eden Global Partners, also played a crucial role as a strategic advisor during this funding round.
The core of BlueVoyant’s offering lies in its expertise in cybersecurity. The company is renowned for providing comprehensive solutions that address the full spectrum of cyber risks.
Global money transfer innovator Paysend lands $65m investment