Finovate Alums Raised More Than $380 Million in Q4; $2.7 Billion in 2022

Finovate alums raised more than $2.7 billion in equity funding in 2022. The sum makes the $8.4 billion raised in 2021 seem all the more an outlier as our alumni funding levels return to those common in 2020 and before.

Previous Annual Comparisons

• 2021: $8.4 billion
• 2020: $3.9 billion
• 2019: $3.0 billion
• 2018: $4.0 billion
• 2017: $2.7 billion

The fourth quarter of 2022 saw Finovate alums secure more than $380 million in funding. This amount recalls the relatively modest fundraising haul from Q4 2020, with a comparable number of alums raising capital.

Previous Quarterly Comparisons

• Q4 2021: More than $1.2 billion raised by seven alums
• Q4 2020: More than $472 million raised by 17 alums
• Q4 2019: More than $876 million raised by 21 alums
• Q4 2018: More than $800 million raised by 19 alums
• Q4 2017: More than $730 million raised by 23 alums

Outsystems’ $228.4 million fundraising was easily the quarter’s standout investment. Also raising sizable amounts in the final three months of 2022 were Moneyhub, which raised more than $61 million over the course of the quarter, and Banyan, which secured $28 million in funding.

Top Quarterly Equity Investments

• Outsystems: $228.4 million
• Moneyhub: $61.6 million
• Banyan: $28 million
• Cinchy: $14.5 million
• Buckzy: $14.5 million

Here is our detailed alum funding report for Q4 2022.

October 2022: More than $316 million raised by eight alums

• Banyan: $28 million – post
• Blockchain.com: undisclosed – news
• Cinchy: $14.5 million – post
• Coinme: $0.7 million – news
• Moneyhub: $43.4 million – post
• Outsystems: $228.4 million – news
• Snap Compliance: $0.4 million – news
• Uplinq: $1.25 million – news

November 2022: $13 million raised by two alums

• Agent IQ: $10 million – post
• Lokky: $2.9 million – news

December 2022: More than $52 million raised by five alums

• bondIT: $14 million – post
• Buckzy: $14.5 million – post
• Moneyhub: $18.2 million – post
• Rillavoice: $3.7 million – news
• txtsmarter: $2 million – news

If you are a Finovate alum that raised money in the fourth quarter of 2022, and do not see your company listed, please drop us a note at [email protected]. We would love to share the good news! Funding received prior to becoming an alum not included.

Photo by Pixabay

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