Pre-IPO Sector News Update

July 27, 2020

• Robinhood postponed plans for UK expansion.

• Rent the Runway hired Ellen Shultz as the company’s Chief People Officer and Larry Steinberg as the company’s Chief Technology Officer. Shultz previously worked at the New York Times. Steinberg previously founded Engyro (formerly Dirigo) which was acquired by Microsoft and worked as the CTO for Agilysys.

• Revolut raised $80 million as an extension of its Series D round.

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

GETT

“Uber Rival Gett Raises $100 Million as it Pivots Toward the Business Travel Market"

• https://www.cnbc.com/2020/07/21/gett-raises-100-million.html

ROBINHOOD

“Robinhood Halts Plans to Launch Outside the United States"

• https://www.cnn.com/2020/07/21/investing/robinhood-uk-trading-app/index.html

RENT THE RUNWAY

“Rent the Runway Bolsters Executive Team, Appoints Ellen Shultz as Chief People Officer"

• https://www.businesswire.com/news/home/20200722005118/en

REVOLUT

“Revolut Extends Series D Round to $580 Million with $80 Million in New Funding"

• https://techcrunch.com/2020/07/24/revolut-extends-series-d-round-to-580-million-with-80-million-in-new-funding/