Pre-IPO Sector News Update
May 18, 2020
Last week, DigitalOcean raised $50 million at a $1.15 billion valuation.
Instacart was rumored to be raising several hundreds of millions of dollars in a new funding round at a pre-money valuation between $12 billion to $14 billion.
MachineZone was acquired by AppLovin.
The news articles and links presented below are available for your reference.
DIGITALOCEAN
“New York’s Newest Unicorn: DigitalOcean Raises $50M At $1.15B Valuation"
INSTACART
“Instacart Weighs New Financing That Would Boost Valuation by at Least 50%"
MACHINEZONE
“AppLovin Acquires Machine Zone, Doubles Down on Mobile Games“