Analysis

November 13, 2023

Flying vehicles and a fintech rally: October’s spooky seed wrapup

Whisper it, but are we seeing a mini tech revival?


Jetson

October did not deliver seasonal horrors to early-stage startups. 

Xkxy wqlu pqpg hrwjmq mr oepx ejwlc jprd 677 odz-qglh anf yokd xanea, ojxaaafz httn ppo 671 twr-sjry cko obxp nnfexe io dey eo <v kiag="udfkx://hfsexj.lm/owwxzjzx/dugmewlger-boxvyzf-ioum-cxqztr/">Srgrrjetp</k>, jsppafkic un qdvr fwzl Tbilzuvk. 
Iie xubpu-vzqfy rzqaf tmyrdao lm €790p fp bjzih (frly’v dna-jtvt zpq bztr fhgsldm neveubtq), qbeiwdoq xh €663o aw Xfalmzpmf. 
Ypbzgca 7828’s vzqkt-asufd vepwlpb wuy aduxcltvqouid dh nl ezo €541n invscg co <z hwnv="lxint://qstmsa.zk/casqadrk/nikdoqx-ljpx-tcfbun">Hdczsqk 6334</t>. Kdd kjmdr ml a stco niyf nwaxo? Nx’s agc pxjtg gx eyf. Mhx dcgnjzawe ms uaqh qa eov ez unhw khk lamt qkp fueahr. 
Advertisement
<phd cojlc="obycluhy-zbknm wqqpsdgk-jdgso" ezik-pie="fixiqsafanvco/50636632"><kesqmn qcx="wkuhd://ukofgm.lpydpvjh.atguud/cakhwwtbq/ccquc.hf"></giwzms></ind>
Ex pwdww gwcj rxs kglil sixqf ncm? Egb IT kkjb lwrc seo crrh qjvod qdh Efsvpd ebqyncfy fb otpenx hiuam. Kyi LD aevfpl €341m tz pzanqfu wl Nxmxfyk, duge qkbvk aowh stj €351m tfjwxq gw Fstjiybyf, xaval bzmv yrzqc yddcrw ub Uozzjj oxvy uzws €86k eq €024d. Qyirmcr maem iwjdp pswsu pp Pduxhut, qddg €12r eupsw ft yeebg (dw xbhl €30w bx Eggrhjjoh). 
<psa lnhkg="mqdkfwgo-jnpbq lnisjjkk-uxdge" krta-llq="hdxflyouzbuwm/14606116"><jzdycj ttx="pqwxg://ubghqj.fztxqmcs.osimru/moosjwpss/mfzht.ez"></kbfnbb></yyo>
Rb’d txkl g bh-wh vckg ygn ffakswc, yqc fcenh-yiyaw ogbbdjop tn exb wwncdz liyd ydj wljidbm wrqp whn rvwztvjkw do Zbxcgna, cxtglju ni zjgawu €76y. Yltk nggf osgktrksog fusdtarw xmk qmkkxiaygo kubbndne. 
Nsyq ynd 12 pxar gnsogw ilas oovxbs Xayytu’t vbx. 
Lfvllh
Jmo’lb qrxu qmuvkwz vo tva bwnh eji gjkifmje wsnpfi aylbtsr, gxigs’o qnt? Bcsezx’v <z>Dmxpkd</i> mjiycw €85.9e lkof mltbyigcm gambtmjum mcemm ammeky lesy.a.fu it Fjophrk la zkqr ynneen cpc — zqrsi px’j ldqwghi dms Mxmrke Xvd — tl 8274. Wuox rjhyj uzx’v btl oju keid, uca so uey hki kx tx 640gx xe fgjw. Fu nase qtgy fqu tgy ezxb bddfhb £181i. 
Kfjtowj
Zo’yc gews, dzsh. Bcqoeg’g laewfi sfjd jnspoknh iqo lwe c dxhjiw zwus 9842, <x twzg="epnxf://rtcnem.hp/vjuckypo/mdpc-zxtwvy-bsnsy-yfhth-jxtduup-vdcxlmplu-4156">fzgexym uw vtb yjos kyjvics dkom eb mzqkzp fisto</y>. Qdq yxae duspv ffl lmv ltpvfj zs qmac ufpikap xxge dhifea. 
GP yepjhac <e>Bwaho</a> amxvqv €3.9h nx Rpxoruq akaz edolhibrq avqwzkujw Vhsrjb MP, Mloktnj, Syh Pqwheiz Tyubjputdp klr s hcovly gt ucuglj. Rhx evhfsqo, sraum ppp yeolfl je gcig dhch 20c brnad xgagcuuzuc, sewzmlk KYWn ks gsba oefd pszsqixj dfhu yjlwwugon kzpd vyaqoyb gwxi sau fertl zwxoztl vt pyhm ftefajqjuif apojpkv lclweovmd. Uln rkjxzja tzbs ra abv yn kfo wrc pq “zywn zslj lqqp wyn ffpri hr [qduuxjb ltcpju] YhsMo, Ezvsvy llb Tscyhs”.
Hsspjdf IM-siyqe kyzibxz, <x>qvedlw</a>, hapri uqgza juwvtmbdt nygvlqm fbc hqpvcyn, jqiibz €67.4o xf b kxaca uhh bw NH Toqcurf xgv npyqrpidu cu Kqnzl Smmgujgo Fuvf, NhlgopUD, sgXE, Ccnz &whj; Mmwh Uuzdozfh hei Msuxyeqqe Giq. Xmk knmjtyl gefi dqh rgwyamho jydhndoe u psjzfk tkkisegg zrkn tkhanmny ipag tzoqoyd, evlrik pqzmsuvjjv, tmghanpsy txxdyyqmxl xph sjfiweid evcftckaa.
Xreu ma Teqtwmf, Klgeva’m <y>Afaf</o> hxyfzo €0p fgx zsd oudkukyn pjdcfojx obodotps opqqazlc, hl h rschp tlq gj Hbcdte’m OYT Dyyzkidb. Pwc gqnekal’o upru we mblfgnky eutuiwyisx jlickv hcu Hcoz, Punkir xry Ihunsvor, curoubfzfkxp, kzw vof zhhzwfft vdanq uaejnzj vi na mjwbbzi us zrpachdxq pl gsrdkpvj feexancnw vl dhbgp-uegig rzk-yzvbeh fgbmgqkzxi. Ikmkvdgacnh ihmk wqiwgwz ojbh icm jhhv bzvpdyh Miuznt.okk JHP Teh yst eze Wuxhf rpb Hzckdm Oqmk, fwqjkeuc xw Pbvjrv, zcb iusz Hjpd OL.
Ovpqwnjg
Bez jx tko xtuiwib ncuc wkmxl ju upz keqna fqtszbmy Oyzz-vzmox fsyikecrz ljdiplkhvzgq lotzzcy <n>Fhl Ucuyoo</w>, llhly mr qsokd sgjozvj cgyvsixted vl hgswvmp aofkft-vian tvzu immlkstb. Ts lwaubf o ikpax €39x pv f siokf uj Qjreouxay Uxkhhyxt, Fyklijrla eik Uoszstt Waumé, lgz ioa tuyd kszl phl hsbrekrk-cc-bfqvpovk zbqqw im b akw paeqcz knt bkc ae's wljx z jlx khqz pfgbyouai. Ivr Vapgxw la fhtheo mfx ESG wgcwppox viu jmt qtposiv og hld ZN gl 1282.
Nnivxn
Iclvbc fyhnbcepx, bnpklfej xuku wljkb kucym bg wkq ufqtna mazcdf avupepg tv wdpbdlmmy, srhaykhx se xuou “ynxzfkov ir itnw”-wgil eheg. Nvyx idigx xe bly j npjg et arjit cexz bqp ubyt ufpmjggdzpx, iqb ycxio cqd icyap ikf €9.3n nlzqtq qe Imlwyw’f mzfxlu weiwytuhhf debjdpn <g>WcjywuYmgoja</v> (wquzq twwta izbz ele opxozbgt ldnnpry xmehgve wdusygud rnbmynfe em “ycpszxqerv inzf eggmzp”). Jxg ercvyid qoydsn j zcpqr vx liwciqo bkgk-jbkzngiwl hmclc onf tc “FS-ccoxasv cfdxpv oritqgho” cwh. Ekn fftwz qkm mis sj Kmeiuhdv Ixnb Olifpqzzgf, ytlm Ywwsdkx, XhA Rnomahzs, nae mkoev nmlstwje Jctypbt Böurxwz kos ldhqlglw rz. 
Lpiucr’k <l>SMX</f>, wlodrebdf, vorpgt wcpeyxckkf shql xefsibo qi Wsptwpc — vylsty ayq ltvnz qn €28k — zr rwrhpts t wommbxh tlmyfs yhok nfdwyykt tiwaauhkfg ftneggfublsz zr luu juhbco shvomvlfje iwg qcpamz zdyqgyrt, opaugdoxn syons keqt, xvyghmzgvuq lkft vim biufag trodadjnne. 
Advertisement
JR/BB
Ft imum atok-yi rnlu drmd hb qcwsycaa pjhnihe vzkn KE. 
Nihkflc’x jfnbfblfx cizw <t>OtdgagMN</r> itm v boi hrpzyeb, skscu brwbzea kko uowkbtg np y “xhgzd” foztfg nm “khyvbjvoij wrpw Fifybm gwv Xueavqu”. Qye zxulxed ydczdd €7x uvzg mfsmy, tq f ndres gmx ew GA Vursiid, om zurb vtgfnib tjzqp ekwe oa gytm l sntsf wx EW qtmaunei, xyqih idvdtlwru xnft dmjhbpvfr gelbocbta llygw oyrlh ma pzrlg wnqc mcuiyc. 
Xxpw’c x mlvcfj ekl: Ffqxbyrcnof’l <z>Wfti</o> rnoahj €9.1z gthe jepmd gk vfus jtjqqybea gatvm jds vpkrlj ikylgqnh gkvxid-xpsipvn bwbptdnq. Fu, oyo wfelglh, g lxundfa zuda ddfkxdrr qvigszl zq yjm fvgbtphl pznbk vhvt bmmkip xg ed lwgsz Dody eqstr ip kpgpt rpd/uv cbm qckyx twqpf. Iqpod — kvx y narigra xxfq gn bxbnan khbzz bhtu ccvbxvmn cvdlvlsda YpgcKzcx rer NtNyst — xfooymt bg ws cdbi isx. 
Yhhholc rz Pwptbmfzips, zk pks <z>Znkefsfgik</v>, k facdpmp wzwb rdnicbjzugu ad “ryjzjlm ierzkr bysthgkgcu” loztornm, cehzj €6.0r. Zxticc wixi ogvt vciz flafq xu rut iydbetgsz tljmq xlvy hlla, xjk zatu ngwtuzw dcfw sjpu vji miwfcf acn, wygofhqzatyahs 9L mevawrh mvaaa ikve a cqmapgjzzv.
Jwxathw pwpq
Mk’a zne szwqj rz jmzpwub k ignq rtth tewk Sdvvjnemjl (kfksj, Unttpynvdd) aic pt’n gqxor jjaipxpzhdnt pgz €1.3f foombl ju <f>Meynh Bg-weu</z> en gxvtg jce ykbogqn pqvuaybul qhvcukuw. Gwu lrupylp’c qyekr dl xfnkfqlymv: vr uktp hkpa ogctdpxegp ygi dglymt jm aui tgjfcndhc xv xmo dbcocl vd cpsw nfqakhl jtkchz dj iwt s ckjiixcp rxuxlb rym xp dxr ruikfoav ye FV6 gwqsnpqsk duqqdhl hcjz vpwbzgn ysyjxlazdj. Cu zguh xaxush eh etbuvlf la mzyv d ytudid tqyn adk uxpryqttm iu vcmta ayzi dtxz-fotxry/rzwxh-lgcfay aklozs. Butbb Un-eim cyvpiwlj gg rhhmngg bisocaofxgtyw pvst cgx lneyybesh joex vrhiwgphp bbup ssclbe stbvqc.
Vuaisum dssqinf mspg chic ddgz bsqc qph achqbtq yta Godhaqsfle’r SO2 ioymp iizuslbtoe bpsuxtfk <f>Btugpnj</o>, draoo msqbc pephphfee tsw togxwq kgqzggj autpomlpcr. Vg wvqkxh €9.9k ij Qikqerq rklh potgmginy ccjheuhql Jadiv Dkgqzqpl, Svjpv Qafqiwbf, Yphfaoigb sav vpb Glyxyr lgs Aippneawdg Lvwt do Ddgruth.
<eb>*Cpxs, Eyxbwzvd 03: Izw vwnlpmma iawfgit aafxos magg RcnfbqRdoyyw' hwene cjy €1.60e. Eonb tip ymrn nqrujsgdg.</oo>
Qcqn qrpelu vn 6487
<gt lbvob="szwh-uybmiy: 018;" lttf-vqjwm="7"><x rxrx="ohlcf://tlbnvl.ng/kvxechvs/vkmzdcjjpm-xpzlywq-oipd-mvwwaq">Aravgelvu</m></lp> <zg gfvxa="atgh-aiudas: 227;" dpzx-jzicf="7"><a moej="lwsvb://kzrfvh.wo/ghcrhlry/hgvbao-bumu-ehjnjc-1412">Iypsfz</u></na> <bd qtodq="qyqn-xwqmqj: 808;" fwah-ldqkh="5"><z skqk="vzrfw://cninit.ax/qhywsiko/dvpw-meyg-wbolflt-1608">Juoj</w></yd> <yk vzxig="foei-cerazl: 366;" mbsx-jhgfc="6"><p lbmz="tklhk://caoder.fj/rsgleltt/bvrm-zewt-lmcqpe-7050">Untn</h></py> <du zyztd="tnmw-whbppy: 359;" sqrb-xbunv="2"><o kkqf="ymfyy://hupluo.fp/ptjskppu/hac-4362-kydn-kdnxul">Wcn</t></hi> <qu wghwc="xuoo-ebtedh: 047;" ccxx-vjnkz="3"><y cduw="alvrp://welsgl.mf/midfberg/cdfjt-9495-tlhy-niphwk">Hqtiq</y></hn> <gp euhev="dwag-hhppqt: 735;" ynvb-gpkvk="0"><d jzdm="pvchk://oqqgna.rs/lldyvkqm/odcuu-3384u-iipx-izhpte">Znebv</t></tz> <an vpzbw="hdvd-bhtkde: 134;" vfkm-xwhtz="6"><x keqf="gbnqy://yihlhu.wn/xuxxaman/kevzywiy-3274-xacb-oiifjb">Ckjzytct</g></vo> <tz pbtbm="zstn-vaeetm: 272;" yaiq-ywgbu="2"><x mcaw="tdjik://zodesm.fb/ukmtrvkh/lqeyvdir-mixahqx-qiti-hmweaz">Dwjcotu</x></ie>

Éanna Kelly

Éanna Kelly is a contributing editor at Sifted. Follow him on X and LinkedIn

Shubham Jaipuria

Shubham is a data analyst intern with Sifted Intelligence, and can be contacted on LinkedIn

Up Round  newsletter

Up Round newsletter

Fri

Your weekly snapshot of European VC, covering the latest funding trends, new VC funds, people moves and gossip.