CB Insights, the market research company based in New York, has featured Pismo in its State of Venture global report. The study mentions our US$ 108 million Series B funding round as one of the top equity deals in Latin America in 2021.
The State of Venture yearly report is a 173-page document featuring global data and analysis on dealmaking, funding, and exits by private market companies. The latest edition, released this week, highlights that 2021 was a record year for global venture funding, exits, unicorns, and more.
Global startup financing reached US$ 621 billion throughout the year, more than double the 2020 mark of US$ 294 billion. Fintechs received US$ 131.5 billion in 2021. This means one out of every five dollars was invested in the financial services sector, in which Pismo operates.
We announced our Series B funding round last October. SoftBank Latin America Fund, Amazon and Accel led the round with B3, Falabella Ventures, PruVen, and existing investors Headline and Redpoint eventures.
By investing in Pismo, these companies expressed their trust in our ability to become a global leader in cloud-based systems for banking, payments, and financial market infrastructure. Additionally, our investors give us access to key people in the financial industry — helping us to hire the best talent available and expand our business worldwide.