Sequoia Capital backed 100 startups throughout 2022, 25% of which were fintech startups, mostly within the capital markets, payments, and payroll and benefits sectors, per a CB Insights report.
Nearly a quarter of Andreessen Horowitz's investments were in the fintech sector as well.
- The three aforementioned sectors within fintech secured 16% of Sequoia's investments each, followed by 8% into crypto startups.
- Notable funding rounds Sequoia participated in include Citadel Securities' $1.2B round, Klarna's $800M fundraiser, and Rippling's $250M Series D.
- The majority (75%) of the deals in the capital markets sub-sector were follow-on rounds, reflecting the firm's confidence in the sector.
- Meanwhile, blockchain accounted for a larger portion of a16z's fintech investments (28%), most notable of which were SpotOn's $300M Series F and Jeeves' $180M Series C rounds.
- The CB Insights report can be downloaded here.
