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The venture market is affected by the fintech venture market. What's the reason? In the last few years, fintech investment has made up around 20% of every venture dollar invested. After fintech investing and venture capital went crazy last year, both are dealing with a more conservative reality.
The downturn is real and many upstart companies are looking to avoid de-novo rounds that include a new valuation. An extension round is an attractive option for many people.
Even though extension rounds are popular, there are more startup looking for the round type than there are checks. We have one more set of answers from a group of venture investors who responded to our survey. We asked the question.
How popular are extension rounds proving? Are you seeing more companies opt to raise extensions rather than new rounds compared to, say, 2021 and 2020?
Alda Leu Dennis of Initialized Capital was one of the eight investors who answered. Their answers have been edited to make them clearer.
Michael Gilroy, general partner and co-head of fintech, Coatue
We asked eight fintech investors: How popular are extension rounds proving? Are you seeing more companies opt to raise extensions rather than new rounds compared to, say, 2021 and 2020?
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