Pre-IPO Sector News

October 12, 2021

• Last week, Databricks acquired 8080 Labs, a low code data analytics platform.

• Instacart acquired FoodStorm, an order management system.

• Notion raised $275 million at a $10 billion valuation.

• Ola acquired GeoSpoc, a mapping analytics startup.

• SpaceX closed a $755 million secondary transaction with current and new investors at a $100 billion valuation.

• Udemy filed its S1 for its upcoming IPO.

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

DATABRICKS

“$38 billion software start-up Databricks makes acquisition to leave code behind”

• https://www.cnbc.com/2021/10/06/hot-software-start-up-databricks-makes-no-code-acquisition-.html

INSTACART

“Instacart is acquiring catering software company FoodStorm”

• https://techcrunch.com/2021/10/07/instacart-is-acquiring-catering-software-company-foodstorm/

NOTION

“Notion Reaches $10 Billion Valuation, Boosted By Remote Work — And TikTok”

• https://www.forbes.com/sites/alexkonrad/2021/10/08/notion-raises-at-10-billion-valuation-boosted-by-remote-work-tiktok/?sh=319e7cf76490

OLA

“Ride-hailing app Ola acquires geospatial-tech platform GeoSpoc”

• https://www.vccircle.com/ride-hailing-app-ola-acquires-geospatial-tech-platform-geospoc

SPACEX

“Elon Musk’s SpaceX hits $100 billion valuation after secondary share sale”

• https://www.cnbc.com/2021/10/08/elon-musks-spacex-valuation-100-billion.html

UDEMY

“"Online learning platform Udemy files for U.S. IPO"

• https://www.nasdaq.com/articles/online-learning-platform-udemy-files-for-u.s.-ipo-2021-10-05-0