Pre-IPO Sector News Update
February 1, 2021
Last week, Databricks was raising $2 billion at a valuation between $27 billion and $29 billion.
DataStax acquired Kesque, a cloud messaging platform that is used to stream data between enterprises.
Didi Chuxing raised an additional $300 million for its autonomous driving unit.
Nubank raised $400 million at a $25 billion valuation.
Robinhood raised $3.4 billion in new funding to meet regulatory requirements related to users’ trading activity and expand its financial literacy initiatives. Its user trading volume increased significantly following the Reddit-fueled rally of select stocks including AMC and GameStop. Robinhood received criticism following the decision to limit customer’s trading activity in these stocks after drawing on between $500 million and $600 million in credit lines to meet higher margin requirements.
Qualtrics raised $1.55 billion in its IPO at roughly a $15 billion valuation.
The news articles and links presented below are available for your reference.
DATABRICKS
“Databricks Raises $2B In Funding Ahead Of Expected IPO: Reports”
DATASTAX
“DataStax Targets Data Streaming Market With Kesque Acquisition”
DIDI CHUXING
“China's Didi Raises $300 Million for Autonomous Driving Unit”
NUBANK
“Nubank Jumps into Latam Financials Top Five with $400 Mln Fundraising”
ROBINHOOD
“ Robinhood, in Need of Cash, Raises $1 Billion From Its Investors”
“Robinhood Raises Another $2.4 Billion as Broker App Deals With Retail Trading Frenzy”
TANIUM
“Tanium Announces $150 Million Funding Investment to Bring Visibility and Control to the Edge Through Its Open Endpoint Management Platform”
QUALTRICS
“Qualtrics International Raises $1.55 Billion in IPO and Price is Above Submission”