Quote:
Originally Posted by dimondpark
Oh absolutely, the Bay Area always outperforms when it comes to the largest investments.
Top 10 global financings in Q1'23
1. Stripe — $6.5B, San Francisco, US — Fintech — Series I
2. Generate — $880.6M, San Francisco, US — Cleantech — Late-stage VC
3. Zeekr — $750M, Ningbo, China — Mobility tech — Series A
4. Zwift — $620M, Long Beach, US — Specialty retail — Late-stage VC
5. Abound — $602M, London, UK — Fintech — Early-stage VC
6. Xpansiv — $525M, San Francisco, US — Fintech — Late-stage VC
7. PhonePe — $445.6M, Bengaluru, India — Mobile/fintech — Late-stage VC
8. SolarSpace — $442M, Xuzhou, China — Cleantech — Series B
9. Netskope — $401M, Santa Clara, US — Cybersecurity — Late-stage VC
10. EcoCeres — $400M, Hong Kong — Cleantech — Series B
The only other North American funding in the top 10 was by a company in SoCal.
page 18 of this pdf: https://assets.kpmg.com/content/dam/...-23-report.pdf |
Isn't that the same Zeekr that manufactures cars and is essentially a division of Geely? They also claimed they were competing with Tesla. However, after a bunch of news this winter about widespread breakdowns of Chinese cars in Russia and Kazakhstan, I wouldn't call any Chinese car a competitor. Yes, they attracted a lot of investment. but I think they need to do a better job of promoting themselves and distancing themselves from the fact that this is a Chinese company. They could team up with fintech companies like Abound or
Dashdevs and improve their payment systems. Well, of course, this must be done wisely, since I heard that the same Stripe once announced a tender for the sale of shares to employees. It seems like they miscalculated somewhere, but then they corrected the situation.