Pre-IPO Sector News Update

August 10, 2020

  • Last week, following Trump’s executive order which permits TikTok’s US operations only to be sold to a US firm or risk being banned, Twitter decided to make a bid to acquire Tiktok.

  • ChargePoint raised $127 million in additional funding.

  • Epic Games raised $1.78 billion at a $17.3 billion valuation.

  • Indigo AG raised an additional $360 million as an extension of its Series F round.

  • Intercom hired Dan Griggs as its new CFO. Griggs previously was the CFO of Sitecore and the Vice President Financial Planning and Analysis at Rocket Fuel Inc.

  • Kabbage hired FT Partners to explore a sale at a valuation between a $750 million and $1 billion.

BYTEDANCE

“Twitter Expressed Interest in Buying TikTok's U.S. Operations"

CHARGEPOINT

“ChargePoint Raises $127 Million to Bring EV Charging to More Fleets"

EPIC GAMES

“Fortnite Maker Epic Games Worth $17.3B after New Round of Funding"

INDIGO AG

“Indigo Ag Announces an Additional $360M in Financing, Appoints Stéphane Bancel, Moderna CEO, to Board of Directors"

INTERCOM

“Intercom Hires a CFO as it Ramps Toward an IPO"

KABBAGE

“Kabbage Considers a Sale. It’s Expected to Seek Up to $1 Billion”

 

 

 

 

 

 

 

Kirat Lall