FundedIQ

Post-IPO Equity Funded Financial Services Startups

Post-IPO Equity rounds in this financial-services slice show a strong skew in disclosed amounts: Zuora’s $400M (2022-03-02) is dwarfed by only a handful of…

Post-IPO Equity rounds in this financial-services slice show a strong skew in disclosed amounts: Zuora’s $400M (2022-03-02) is dwarfed by only a handful of other large disclosures (e.g., Bakkt’s $325M on 2021-10-18 and Kennedy Wilson’s $300M on 2022-02-23), while many other listed rounds cluster much lower, such as several in the $1M–$28M range (e.g., Flow Capital $1M on 2022-06-28; Gold Royalty Corp $28M on 2022-09-15; International Land Alliance $5M on 2022-09-20).

The 26 rows also concentrate temporally into a late-2022 window: entries run from 2021-10-18 (Bakkt) through 2022-10-11 (Bright Health Group), with a noticeable run from September to late October 2022 (e.g., Bright Health Group $175M on 2022-10-11; GoHealth $50M on 2022-09-26; Gold Royalty Corp $28M on 2022-09-15). Geographically, Canada and the US appear repeatedly via multiple cities/states (e.g., Vancouver for NFT Tech $2M on 2022-09-22, Gold Royalty Corp $28M on 2022-09-15, and Luxxfolio $2M on 2022-06-09; California via Bonterra Resources in Val-d’or, plus US-based listings like Voyager in Wilmington and Trinity Capital in Phoenix).

Most recent rounds

26 shown
B
Bright Health Group
Minneapolis, United States · Financial Services
Post-IPO Equity · Oct 2022
$175M
A
Argo Blockchain
London, United Kingdom · Financial Services
Post-IPO Equity · Oct 2022
Undisclosed
G
GoHealth
Chicago, United States · Financial Services
Post-IPO Equity · Sep 2022
$50M
N
NFT Tech
Vancouver, Canada · Financial Services
Post-IPO Equity · Sep 2022
$1.5M
I
International Land Alliance
California, United States · Financial Services
Post-IPO Equity · Sep 2022
$5.0M
G
Gold Royalty Corp
Vancouver, Canada · Financial Services
Post-IPO Equity · Sep 2022
$28M
M
MoneyMe
Sydney, Australia · Financial Services
Post-IPO Equity · Sep 2022
$14M
P
PennantPark Investment Corp
New York, United States · Financial Services
Post-IPO Equity · Aug 2022
$50M
C
Change Financial
Brisbane, Australia · Financial Services
Post-IPO Equity · Aug 2022
$4.0M
P
PayAll Payment Systems
Fort Lauderdale, United States · Financial Services
Post-IPO Equity · Jul 2022
$16M
F
Flow Capital
Toronto, Canada · Financial Services
Post-IPO Equity · Jun 2022
$1.2M
L
Luxxfolio
Vancouver, Canada · Financial Services
Post-IPO Equity · Jun 2022
$1.6M
M
Moneyboxx Finance
Mumbai, India · Financial Services
Post-IPO Equity · Jun 2022
$2.7M
O
Openpay
Melbourne, Australia · Financial Services
Post-IPO Equity · May 2022
$18M
V
Voyager
Wilmington, United States · Financial Services
Post-IPO Equity · May 2022
$60M
Q
QuickFee
Los Angeles, United States · Financial Services
Post-IPO Equity · May 2022
$2.8M
B
Banco BPM
Milan, Italy · Financial Services
Post-IPO Equity · Apr 2022
Undisclosed
T
Trinity Capital
Phoenix, United States · Financial Services
Post-IPO Equity · Apr 2022
$50M
S
Spandana Sphoorty Financial
Hyderabad, India · Financial Services
Post-IPO Equity · Mar 2022
$40M
Z
Zuora
San Mateo, United States · Financial Services
Post-IPO Equity · Mar 2022
$400M
K
Kennedy Wilson
Beverly Hills, United States · Financial Services
Post-IPO Equity · Feb 2022
$300M
B
Bonterra Resources
Val-d'or, Canada · Financial Services
Post-IPO Equity · Feb 2022
$25M
T
TIMIA Capital
Vancouver, Canada · Financial Services
Post-IPO Equity · Dec 2021
$1.8M
T
Tokens.com
Toronto, Canada · Financial Services
Post-IPO Equity · Oct 2021
$8.1M
A
Axis Auto Finance
Etobicoke, Canada · Financial Services
Post-IPO Equity · Oct 2021
$15M
B
Bakkt
Atlanta, United States · Financial Services
Post-IPO Equity · Oct 2021
$325M

Related listings

Frequently asked

What’s the largest disclosed Post-IPO Equity round here, and how much larger is it than the rest?

Zuora’s $400M (2022-03-02) is the only clearly dominant disclosed amount in the list. The next-largest disclosed rounds are much lower—Bakkt at $325M (2021-10-18) and Kennedy Wilson at $300M (2022-02-23), with many other disclosed entries ranging from $1M to $60M (e.g., Flow Capital $1M on 2022-06-28; Voyager $60M on 2022-05-16).

Do any cities or countries recur enough to suggest geographic clustering?

Canada and the US show repeat presence, with Vancouver appearing multiple times: NFT Tech ($2M, 2022-09-22), Gold Royalty Corp ($28M, 2022-09-15), and Luxxfolio ($2M, 2022-06-09). In the US, several states recur via different metro areas (e.g., Delaware with Voyager $60M on 2022-05-16; Illinois with GoHealth $50M on 2022-09-26; California with Zuora $400M on 2022-03-02).

Which entries fall closest to the top of the date range (most recent ~90 days shown)?

Using the most recent row date of 2022-10-11 (Bright Health Group, $175M) as the anchor, the entries within roughly the following 90 days include Bright Health Group (2022-10-11, $175M), Argo Blockchain (2022-10-07, undisclosed), GoHealth (2022-09-26, $50M), NFT Tech (2022-09-22, $2M), and International Land Alliance (2022-09-20, $5M).

How concentrated are the listed rounds in time—are they mostly late-2022 or spread out?

They span 2021-10-18 (Bakkt) to 2022-10-11 (Bright Health Group), but the densest activity is late-2022: multiple rounds close between late August and October 2022, including PennantPark Investment Corp ($50M, 2022-08-08), Voyager-related timing around May 2022 ($60M, 2022-05-16), and several September closings (e.g., MoneyMe $14M on 2022-09-01; Gold Royalty Corp $28M on 2022-09-15).

Are there notable outliers or missing-disclosure patterns worth flagging for diligence?

On disclosure, two entries are explicitly undisclosed: Argo Blockchain (2022-10-07) and Banco BPM (2022-04-08). On outliers, Bright Health Group’s $175M (2022-10-11) and PennantPark Investment Corp’s $50M (2022-08-08) sit well above the smallest disclosed rounds, which include Flow Capital’s $1M (2022-06-28), Luxxfolio’s $2M (2022-06-09), and NFT Tech’s $2M (2022-09-22).

What does the stage/sector mix look like within this slice?

All 26 rows are labeled Financial Services and all are labeled Post-IPO Equity (no stage variations in the listing). The amount profile is highly uneven within that single stage label, ranging from $1M (Flow Capital, 2022-06-28) up to $400M (Zuora, 2022-03-02), indicating materially different deal sizes even under the same post-IPO equity classification.

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