Building the capital-raising workspace for advisers and founders: routes, evidence, next actions. Adviser waitlist open.
London, uk
Joined August 2026
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Most raises do not stall on finding a name. They stall on what happens next.
Which route fits? What evidence? Who owns the next step?
Capital conversations belong in one place, not 40-person email chains. Wayfin is being built for it.
Adviser waitlist: wayfin.co/waitlist?utm_sourc…
Thirty-seven rounds in six mornings. India supplied 10 of them, from pre-seed to Series C. Rounds we covered, not the whole market.
Wayfin is capital route intelligence for advisers and founders. Join the waitlist: wayfin.co/waitlist
Most advice to founders is about how to ask. Very little is about how to be easy to say yes to.
An investor looking at ten similar deals will often back the one where the next step is obvious.
A weekend question for founders who have raised: how many investors did you contact before the first one replied properly?
Evidence by route, short version.
Equity: traction, team, round terms.
Venture debt: cash runway, recurring revenue, covenant headroom.
Grant: eligibility, match funding, reporting plan.
Not exhaustive. Every lender differs.
ALT Table headed 'What each route asks for first'. Equity: traction, team, round terms. Venture debt: cash runway, recurring revenue, covenant headroom. Grant: eligibility, match funding, reporting plan.
Founders often ignore grants because the process is slow. It is slow. But it is the one route where the money does not dilute you, and the eligibility is written down in advance.
That makes it the most predictable route, not the least.
Breakfast Deal News Saturday 7 November 2026
Quiet end to the week. Two verified new rounds.
Europe
Vensum Power (Finland) €9M Series A, co-led by Lifeline Ventures, Larsen & Toubro and Eviny Ventures
Africa
Journify (Morocco and US) $12M Series A, led by Al Mada Ventures, co-led by @siliconbadia
Asia, the Gulf and Latin America: nothing new and verified this morning.
Follow us for daily deal news.
Wayfin is capital route intelligence for advisers and founders. Join the waitlist: wayfin.co/waitlist
Wayfin retweeted
Another outstanding piece of analysis from @credistick 👇
If an LP wants to build a diversified venture portfolio, part of the job is then finding managers who bring a range of opportunities. In today’s concentrated market that can be tricky, as you can invest in five different funds and still end up with a lot of the same bets. Which is great if they all work out. Less great if they don’t.
Dan puts some data behind this. Across 5 megafunds’ seed portfolios, he saw an avg of ~87% of labelled investments were in AI. EMs covered more ground… Still a focus on AI (avg of 55% in one example), but more than twice as likely to back a wider ranges of businesses.
There's so much talk about how tough it is for EMs right now (and it is), and this data illustrates the important role they play inthe ecosystem. They’re willing to put the time (and 💸💸) into ideas that aren’t yet obvious to the rest of the market.
The average emerging manager backs more than twice as many outlier profiles than a megafund, per investment.
Pooling 5 EM portfolios increases the range of investments significantly, while the same is not true for the more homogenous megafunds.
At the earliest stages, venture capital is built on discovery; innovation relies on an appetite for companies outside of "legible" categories.
Megafunds' revealed preference is to dominate existing categories, rather than drive discovery. So, the market will continue to rely on small and emerging managers for discovery.
Thanks to @dealroomco for letting me loose on their data to test this hypothesis.
Full report available here:
research.joinodin.com/#/pape…
Which would you take: a higher valuation with a heavy preference, or a lower one on clean terms?
Say why. The reasons are more useful than the answer.
The headline number in a term sheet is the part founders read first and the part that says least.
The terms around it decide who gets paid, in what order, and who can say no later.
Founders and advisers: what was the last document a lender or investor asked for that you didn't have ready?
One answer is enough.
ALT Graphic asking: what document did a lender ask for that you didn't have ready? One answer is enough. Reply below.
Breakfast Deal News Friday 6 November
Europe
Kabilio (Spain) €10M, led by Visionaries and @picuscap
VÆRIDION (Germany) €30M Series A2, led by SHIFT Invest and Invest-NL
Nayara (UK) pre-seed, amount not stated, led by @sfccapitaluk
India
altM (India) $10.3M Series A, led by @Rainmatterin and @Mela_Ventures
Cosmoserve Space (India) $6M seed, led by @RebrightVC
Venomics AI (India) $2.7M pre-seed, co-led by @SpecialeInvest and @spc
Southeast Asia and Latin America: no verified deal in the window. Quiet, or not reported yet.
Follow us for daily deal news.
When a founder says the raise is going well, ask what the next step is and who owns it.
If the answer is a name, it is probably going well. If the answer is that they are waiting to hear back, it is usually not.
Most raises do not fail in the meeting. They fail in the week after it, when nobody is sure whose move it is.
Capital is moving from names to routes.
A list of 200 investors is a list. A route says which type of capital fits, what evidence it needs and who does what next.
Most raises need the second more than the first.
ALT Graphic headed 'Names are not a plan.' A list of 200 investors with no order and no next step, set against a route: which capital fits, what evidence it needs, who does what next.
Breakfast Deal News Thursday 5 November
Europe
Supa (UK) £21M seed, co-led by @2150VC and OpenOcean @openoceanvc
Africa
enza (Egypt) $6M seed+, led by @4DX_Ventures
India
EloElo (India) $80M Series C, led by Hornbill Capital and NBCUniversal
Peppermint Robotics @getpeppermint (India) ₹100 crore pre-Series B, led by pi Ventures and Crane Venture Partners
Middle East
mamun (Oman) $3M seed, led by @PhazeVentures
Latin America
Takenos @TakenosApp (Argentina) $7M seed extension, led by @NorthIslandVC and Road Capital Management
Southeast Asia: nothing verified and closed today, so nothing to report.
Follow us for daily deal news.
What slows a raise down most?
Finding the right investors
Getting the evidence ready
Agreeing the terms
Keeping the process moving
Reply with the one that costs you the most time.
Product preview. Illustrative data.
Every Monday, an adviser with live mandates is asked the same five things:
Which routes are still open?
What evidence is missing?
Who owns the next step?
What is waiting on the client?
What changed since last week?
Wayfin's Adviser Command is being designed to answer them in one view. It is a preview, not a live product.
ALT Product preview of the Wayfin Adviser Command dashboard, showing a capital book by route and by process stage. Illustrative data. Not yet available.