Pre-IPO Sector News Update

February 9, 2021

• Last week, 23andMe planned to be acquired by VG Acquisition Corp, a SPAC, in a deal that the values the the company at $3.5 billion.

• Automattic acquired Parse.ly, a content analytics startup.

• Knotel filed for bankruptcy.

• UiPath raised $750 million at a $35 billion valuation.

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

23ANDME

“Genetic Testing Company 23andMe to go Public via Merger with Richard Branson's SPAC in $3.5 Billion Deal”

• https://www.marketwatch.com/story/genetic-testing-company-23andme-to-go-public-via-merger-with-richard-bransons-spac-in-35-billion-deal-2021-02-04

AUTOMATTIC

“Automattic Acquires Analytics Company Parse.ly”

• https://techcrunch.com/2021/02/08/automattic-acquires-analytics-company-parse-ly/

KNOTEL

“Real-Estate Startup Knotel Files for Chapter 11 Bankruptcy”

• https://www.wsj.com/articles/real-estate-startup-knotel-files-for-chapter-11-bankruptcy-11612146627

UIPATH

“Robotic process automation platform UiPath raises $750M at $35B valuation”

• https://techcrunch.com/2021/02/01/robotic-process-automation-platform-uipath-raises-750m-at-35b-valuation/