Pre-IPO Sector News Update

October 19, 2020

• Last week, Calm was raising funding at a $2.2 billion valuation.

• Databricks achieved $350 million revenue run rate.

• Getaround raised $140 million in a new funding round.

• Proterra raised $200 million in new funding round.

• Roblox confidentially filed for its IPO.

• Stripe acquired Paystack, a Nigeria based payments API platform, to expand its presence in Africa.

The news articles and links presented below are available for your reference.

CALM

“Meditation App Calm Said to Seek Funds at $2.2 Billion Valuation”

• https://www.bloomberg.com/news/articles/2020-10-13/meditation-app-calm-said-to-seek-funds-at-2-2-billion-valuation

DATABRICKS

“Databricks Crossed $350M Run Rate in Q3, up From $200M One Year Ago”

• https://techcrunch.com/2020/10/14/databricks-crossed-350m-run-rate-in-q3-up-from-200m-one-year-ago/

GETAROUND

“Getaround Raises a $140 Million Series E Amid Rebound in Short-distance Travel”

• https://techcrunch.com/2020/10/14/getaround-raises-a-140-million-series-e-amid-rebound-in-short-distance-travel/

PROTERRA

“Proterra Raises $200 Million From Investors Led By Cowen Sustainable Advisors”

• https://www.forbes.com/sites/greggardner/2020/10/15/proterra-raises-200-million-from-investors-led-by-cowen-sustainable-advisors/#1e70ac47625b

ROBLOX

“Roblox Confidentially Files to go Public”

• https://www.cnbc.com/2020/10/12/roblox-confidentially-files-to-go-public.html

STRIPE

“Stripe acquires Nigeria’s Paystack for $200M+ to Expand into the African Continent”

• https://techcrunch.com/2020/10/15/stripe-acquires-nigerias-paystack-for-200m-to-expand-into-the-african-continent/