Offset Labs

11 Finovate Alums Raised More than $1.4 Billion in Q4; More Than $3.3 Billion in 2025

11 Finovate Alums Raised More than $1.4 Billion in Q4; More Than $3.3 Billion in 2025
By David Penn Posted on
Categories: abacus, Avalara, Basis Theory, Feedzai, Funding, Kaaj AI, Kobalt Labs, MoEngage, Offset Labs, Qolo, Quarterly Funding, Ripple

Finovate alums raised more than $1.4 billion in the final three months of 2025. The funding total in the fourth quarter of the year is the best Q4 for alum funding in more than a decade. The historic Q4 also takes the annual total capital raised by Finovate alums to levels not seen since 2021.

As we learn more about the overall level of fintech funding in the fourth quarter and for the full year, it will be interesting to see if this impressive performance by Finovate alums reflects broader investment trends in the industry.

Previous Annual Comparisons

  • 2024: $553 million
  • 2023: $1.2 billion
  • 2022: $2.7 billion
  • 2021: $8.4 billion

A total of 46 Finovate alums reported funding in 2025, totaling more than $3.3 billion. This figure represents the largest fundraising year for Finovate alums since the blow-out year of 2021 in which more than $8 billion was raised.

Previous Quarterly Comparisons

  • Q4 2024: More than $132 million raised by seven alums
  • Q4 2023: More than $307 million raised by 11 alums
  • Q4 2022: More than $380 million raised by 15 alums
  • Q4 2021: More than $1.2 billion raised by seven alums

The pattern of billion+plus Q4s arriving every other year continued in 2025. 11 Finovate alums reported raising more than $1.4 billion in the fourth quarter of this year. This includes one company’s investment (Qolo’s fundraising in October) for which the amount is unknown. The last time Finovate alums raised a comparable amount in funding in the fourth quarter was in 2014, when 26 alums raised more than $1.4 billion.

Top Quarterly Equity Investments

The top equity investments of the quarter were the $500 million secured by both Avalara and Ripple. Also among the top fundraisings of the quarter was the $280 million raised in two separate, back-to-back rounds by MoEngage.

Here is our detailed alum funding report for Q4 2025.

October: More than $108 million raised by four alums

November: More than $1.1 billion raised by five alums

December: More than $191 million raised by two alums

If you are a Finovate alum that raised money in the fourth quarter of 2025, and do not see your company listed, please drop us a note at [email protected]. We would love to share the good news! Funding received prior to becoming an alum not included.

Photo by micheile henderson on Unsplash

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Offset Labs Secures Pre-Seed Funding in Round Led by Archangel Ventures

Offset Labs Secures Pre-Seed Funding in Round Led by Archangel Ventures
By David Penn Posted on
Categories: Alumni News, Byne, Funding, Offset Labs
  • AI defense startup Offset Labs has secured €600k ($804k) in pre-seed funding in a round led by Archangel Ventures and featuring participation from Amadeus Capital Partners and Seven Capital.
  • The funding takes the company’s total capital raised to more than $1.1 million, according to Crunchbase.
  • As Byne, the company made its Finovate debut earlier this year at FinovateEurope 2025 in London.

UK-Ukrainian AI defense venture Offset Labs, which rebranded from Byne earlier this year, has raised €600k ($804k) in pre-seed funding in a round led by Archangel Ventures. Amadeus Capital Partners and Seven Capital also participated in the investment. The funding takes Offset Labs total funding to more than $1.1 million, according to Crunchbase.

“This funding marks an important milestone in our mission: to build the first AI Lab creating frontier models specifically tailored to the needs of defence and national security customers,” the company noted on its LinkedIn page. “We believe that achieving this vision requires uniting talent, data, and computing infrastructure under one roof. Only with this integrated approach can we deliver the breakthrough—the ‘ChatGPT moment’—for mission-relevant AI and sustain a decisive qualitative offset in the decade ahead.”

With a team split between London and Kyiv, Offset Labs is a bi-national security laboratory that has designed and deployed AI models for signal and voice processing in operational environments. The investment is expected to accelerate the company’s development of what it refers to as a “decisive AI advantage” for NATO and its allies. As its name implies, Offset Labs is focused on the idea of an “offset” or strategic leap forward that provides one side a significant advantage in the balance of power.

The company believes that AI is the next likely area for an offset, but insists that in order for Western countries to make this happen, firms will have to embrace an integration of data, research, and talent at scale. This is where Offset Labs comes in, “to bring everything from data curation to research under one roof and unlock deep AI innovation for defense customers, ensuring Western leadership in this critical domain.”

As Byne, the company made its Finovate debut in February at FinovateEurope 2025. At the conference, the startup’s co-founder and CEO Borys Nadykto demonstrated how the technology enables users to create secure Large Language Model (LLM) agents for enterprise use. Designed to manage the tension between productivity gains and data security when using AI tools like ChatGPT, Byne’s technology empowers companies to host LLM applications within their secure perimeter (on-premise or private cloud) to ensure safe handling of sensitive data and integration with internal systems.

Headquartered in London, the company was founded as Byne in 2022 by Nadykto, Denys Budnyk, and Andrii Yakovyna. Byne announced its rebrand to Offset Labs earlier this year.

Photo by vackground.com on Unsplash

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