Pre-IPO Sector News Update

July 13, 2020

  • Magic Leap appointed Peggy Johnson as its new CEO. Johnson previously worked at Microsoft and Qualcomm.

  • Palantir confidentially filed documents for its upcoming IPO.

  • Rivian raised $2.5 billion in a new funding round

  • Robinhood raised $320 million at a $8.6 billion valuation.

  • UiPath raised $225 million at a $10.2 billion valuation.

  • Lemonade raised $319 million in its IPO at a $1.6 billion valuation.

  • Instacart raised an additional $100 million as an extension of its most recent funding round.

  • Discord raised $100 million at a $3.5 billion valuation.

  • Postmates was acquired by Uber for $2.65 billion valuation.

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

DISCORD

“Discord now has a $3.5B Valuation and $100M for a Sales Pitch Lighter on the Gaming"

INSTACART

“Scoop: Instacart Raises Another $100 Million"

LEMONADE

“SoftBank-backed Lemonade Raises $319 Million in IPO"

POSTMATES

“Uber Confirms it is Acquiring Postmates in an All-stock, $2.65B Deal"

MAGIC LEAP

“Microsoft Exec Peggy Johnson Joins Troubled Augmented Reality Start-up Magic Leap as CEO"

PALANTIR

“Secretive Data Startup Palantir has Confidentially Filed for an IPO"

RIVIAN

“Rivian Raises $2.5 Billion Ahead of Launch of Electric Pickup and SUV"

ROBINHOOD

“Robinhood Raises Another $320 Million at an $8.6 Billion Valuation"

UIPATH

“UiPath Reels in Another $225M as Valuation Soars to $10.2B"

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