Fintech has fallen out of favor for startup investors of late.
The industry saw three consecutive quarters with over $7 billion raised across all Carta companies.
Last quarter? Less than $1 billion.
That's comparable to 2017 (when there were far fewer fintechs using Carta cap table).
Other industries saw major reversals last year, to be sure - but fintech may have experienced the most severe whiplash of any of them.
Silver lining: investment into seed-stage fintech is down substantially less than late-stage. Perhaps there's another boom time round the corner (in 20...25? 🤷)
#cartadata #startups #fintech
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