• Blockchain & Crypto companies completed three of the top 10 European FinTech seed deals in Q2. Overall Blockchain & Crypto companies accounted for 26% of European FinTech seed deals in Q2 2022 with 43 deals in total.
• Carmoola, a flexible car financing provider, was the largest FinTech seed deal during the second quarter if the year, raising a sizeable $35m in their seed round from Jaguar Land Rover’s investment fund, InMotion Ventures, VentureFriends, BCI, Truesight Ventures and California-based Clocktower Ventures. The investment will be used to develop the product and launch the initial stages of the business.
• The UK continues into the second quarter of 2022 as the most active FinTech seed producing country in Europe with every fourth seed deal on the continent taking place in the country. Germany was the second most active country with 32 deals and The Netherlands and Turkey were joint third with 12 deals each.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2022 FinTech Global
