TLDR:
- Enterprise fintech companies secured $4.6 billion in VC funding across 315 deals in Q2 2024
- Deal value and count in Q2 2024 was fairly steady
An article by Omar Faridi on Crowdfund Insider reports that enterprise fintech companies secured a total of $4.6 billion in VC funding across 315 deals in the second quarter of 2024. While the deal count was slightly down from previous quarters, the deal value saw an increase. Notable deals in Q2 included Clear Street’s $685 million Series B and AlphaSense’s $650 million acquisition financing to acquire Tegus.
PitchBook’s research report highlighted that key segments with the highest deal value in Q2 were capital markets, CFO stack, and financial services infrastructure. YTD, enterprise fintech companies have recorded a median VC deal size of $5.0 million, with late-stage deals seeing an increase in median deal size. Pre-money valuations for enterprise fintech companies have also increased compared to 2023.
Overall, the report showcases a strong performance by enterprise fintech firms in the VC funding landscape in Q2 2024, with notable deals and trends shaping the industry’s growth.
