In other news, digital bank Monzo has raised an additional $190 million, bringing its total annual fundraising to over $600 million. TikTok is currently battling a potential ban in the U.S., while hospitality company Oyo is attempting to raise new capital at a fraction of its previous value. Finally, Haje is introducing a new segment to Equity's podcast, Pitch Deck Teardown, which will analyze NOQX's pitch deck.
Key takeaways:
- Venture capital activity in the crypto sector is recovering from the multi-year lows it fell to in late 2023, indicating increased bullishness on web3.
- Akamai is purchasing API security firm Noname for $450 million, a significant deal considering Noname's valuation of over $1 billion in 2021.
- Cybersecurity company Wiz has raised $1 billion and plans to acquire both struggling unicorns and promising smaller startups to expand its business.
- Monzo has raised an additional $190 million, bringing its total fundraising for the year to over $600 million.