Mintz Venture Watch — Volume 3: A Report on Deal Trends from Q1 and Q2 2022

 
Despite the choppiness in the public capital markets in the U.S. in the first half of 2022, the Mintz Venture Capital + Emerging Companies team remains incredibly busy advising emerging companies of all sizes and at all stages of growth and across a wide range of industries. While we have seen some valuations decline, particularly in late-stage growth equity transactions, some sectors remain robust — particularly the cybersecurity sector. Additionally, we continue to see tremendous activity in Seed and Series A financings.

Cybersecurity

Mintz advised SYN Ventures on their $300 million second fund dedicated to investing in disruptive and innovative security companies in the cybersecurity, industrial security, national defense, privacy, regulatory compliance, and data governance industries. Founded by two former chief information security officers (CISOs), Jay Leek and Patrick Heim, SYN Ventures has successfully invested in several emerging companies in the space.

Energy and Sustainability

Mintz advised Quaise Energy, Inc. in a Series A financing that was completed earlier this year. The funding received from the Series A round will be used to develop and commercialize a novel millimeter wave drilling technology to access and harness the power of deep geothermal energy.

Financial Services

Mintz advised the T-REX Group, Inc., an innovator in the financial services industry, in its recent $40 million Series C fundraising, led by Riverstone Holdings LLC. T-REX is a SaaS solution for structuring and managing fixed-income securities backed by complex assets, with advanced support for renewable energy and ESG-driven investment.

Antler

Antler Innovation US LLC, a Singapore-based venture capital firm expanding its presence and foothold in the US emerging growth ecosystem, has selected Mintz as its exclusive law firm partner. Launched in 2017, Antler has seeded over 3,000 founders and more than 400 portfolios globally — and has a combined portfolio value of $1.8 billion. Antler has already expanded into the US market, opening “venture studio” locations in New York and Austin. By bringing new capital, a large global community of co-founders, and a broad set of industry expertise to support fast-growing companies at the earliest stages, Antler is helping to professionalize early-stage investing.

You can also ask us anything at http://mintzedge.com/ask-anything/. We built the MintzEdge website as a resource for entrepreneurs and investors, and hope that all of you take advantage of the site and see how it can help you.

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