Pre-IPO Sector News Update

March 1, 2021

  • Last week, DigitalOcean filed its S1 for its upcoming IPO 

  • Klarna raised $1 billion at a $31 billion valuation.

  • Kraken was raising a new funding round that would value the company at $10 billion.

  • Next Insurance was raising a new funding round that would value the company at $4 billion.

  • Olo filed its S1 for its upcoming IPO.

  • Reddit raised an additional $116 million as an extension of its Series E round.

  • Rocket Lab planned to get acquired by Vector Acquisition Corporation, a SPAC, that would value the company at $4.1 billion.

  • Zomato raised $250 million at a $5.4 billion valuation.

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

DIGITALOCEAN

“DigitalOcean’s IPO Filing Shows a Two-class Cloud Market”

KLARNA

“Klarna Funding Round Makes it Europe's Most Valuable Startup at $31 Billion”

KRAKEN

“ Crypto Firm Kraken Seeks About $10 Billion Valuation - Bloomberg News”

NEXT INSURANCE

“Next Insurance Will Double Its Value in Five Months and Target a New Financing at a Valuation of $4 Billion”

OLO

“Restaurant Tech Company Olo Files to Go Public”

REDDIT

“ Reddit Ups Series E Round by Another $116 Million”

ROCKET LAB

“Rocket Lab to go Public via SPAC at Valuation of $4.1 Billion”

ZOMATO

“ India's FoodTech Zomato Nets $250 Million On A $5.4 Billion Valuation Ahead Of IPO”

Kirat Lall