This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
We asked investors at top venture capital firms to name the startups that will boom in 2021.
Each VC was asked to name two startups: one that they invested in; and one where they have no financial ties or any other interest, but believe will do well.
The result is an exciting list of startups to watch in the coming year in a wide variety of fields like consumer products, cybersecurity, ecommerce, fintech, and telehealth.
Whether you are looking for a startup to join as an employee, or looking out for tech trends, this list is the best way to know what s hot among Silicon Valley s startup experts: venture capitalists.
Lydia secures $86 mn in Series B extension round led by Accel ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.
Lydia, a Paris, France – based mobile financial services platform, raised an additional $86M of its Series B funding round.
The round, which now sits at $131M, was led by Accel, with participation from existing shareholders. In conjunction with the funding, Amit Jhawar, the former General Manager of Venmo and Accel venture partner, led the investment for Accel and will join the Board of Directors.
The company intends to use the funds to accelerate its product roadmap and to expand its geographic footprint.
Co-founded by Antoine Porte and Cyril Chiche, Lydia is a mobile financial services platform with over 4 Million users. It provides financial services such as its flexible debit card, money pools and direct deposit capabilities.
Lydia raises another $86 million to build a European financial super app
French fintech startup Lydia has extended its Series B round. Accel is leading the extension with all major existing shareholders also participating. Lydia first raised $45 million in January 2020 Tencent led that investment. The startup is now raising another $86 million, which means that Lydia has raised $131 million in total as part of its Series B round.
While Lydia wouldn’t discuss the valuation of the round, its co-founder and CEO Cyril Chiche gave me a hint. “The value of the company has really significantly increased between the two parts of the B round,” he told me.
Lydia raises another $86 million to build European financial super app TechCrunch 12/17/2020 Romain Dillet
French fintech startup Lydia has extended its Series B round. Accel is leading the extension with all major existing shareholders also participating. Lydia first raised $45 million in January 2020 Tencent led that investment. The startup is now raising another $86 million, which means that Lydia has raised $131 million in total as part of its Series B round.
While Lydia wouldn’t discuss the valuation of the round, its co-founder and CEO gave me a hint. “The value of the company has really significantly increased between the two parts of the B round,” he told me.