5
record for capital raised and
boding well for future deployment.
Liquidity was also present,
largely in the form of M&A, as
public markets remained weak.
• Salesloft (Atlanta - Fund
III) was acquired by Vista
Equity Partners in January
2022 at a $2.3B valuation.
• Skuvault (Louisville -
Fund II) was acquired by
Linnworks in August 2022.
• LATAM: Though down
significantly from its 2021 peak,
LATAM still boasted 10+ mega
rounds in 2022 - six of these are
Endeavor Catalyst investees.
• Creditas (Brazil - Fund II)
raised over $400M across
two rounds in 2022, bringing
its valuation to $4.8B.
• In Q4 2022, Kueski (Mexico
- Fund I) raised one of the
top 10 largest financing
rounds in LATAM, and the
largest round in Mexico.
• EUROPE: European venture funding
did not fall as sharply as in North
America or Asia in 2022. In fact, 2022
funding was significantly higher
than prior years, and was nearly
double the $46B raised in 2020.
• Satispay (Italy - Fund II) raised
$100M+ in October 2022 and
was one of the few companies to
achieve Unicorn status this quarter.
• Payhawk (Bulgaria - Fund IV) raised
$100M in March 2022, becoming
the first ever Bulgarian unicorn.
• MENA: The MENA venture
ecosystem managed to cross
the $3B mark in 2022, setting
a new funding record for the
region fueled by mega rounds
($100M+), according to Magniit.
• Checkout.com (UAE - Fund III)
raised $1B in January 2022.
• Foodics (Fund III), Tamara
(Fund IV), TruKKer (Fund III)
out of Saudi Arabia raised mega-
rounds ($100M+) this year.
• Grinta (Egypt - Fund IV) was
ranked among the top equity
deals in Q4 2022 in the country.
Dario Brignone,
Alberto Dalmasso, and
Samuele Pinta, Satispay
(Italy)
Guillaume Pousaz,
Checkout.com (UAE)
