Pre-IPO Sector News Update

March 30, 2021

  • Last week, DigitalOcean raised $775 million in its IPO at a $5 billion valuation.

  • Discord was having preliminary discussions to be acquired by Microsoft for at least $10 billion.

  • Eat Just raised $200 million in a new funding round.

  • GoPuff raised $1.15 billion at a $8.9 billion valuation.

  • Ibotta appointed Sunit Patel as its new CFO. Patel previously worked as the Executive Vice President of Merger and Integration at T-Mobile.

  • Robinhood confidentially filed documents for its upcoming IPO.

  • Roman Health raised $500 million at a $5 billion valuation.

  • ServiceTitan raised $500 million at a $8.3 billion valuation.

  • UiPath filed its S1 for its upcoming IPO and acquired Cloud Elements, an API integration suite.

  • WeWork planned to be acquired by BowX Acquisition Corp, a SPAC, in a deal that the values the company at $9 billion.

  • Zymergen filed its S1 for its upcoming IPO

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

DIGITALOCEAN

“ Cloud Provider DigitalOcean Raises About $775 Million in IPO”

DISCORD

“Microsoft Reportedly in Exclusive Talks to Acquire Discord For at Least $10B”

EAT JUST

“Eat Just (the Alt-Protein Company Formerly Known as Hampton Creek) has Raised Another $200 Aillion”

GOPUFF

“ SoftBank-backed Delivery Start-up GoPuff Valued at $8.9 Billion in new Funding Round, More Than Double From Five Months Ago”

IBOTTA

“Ibotta Names Sunit Patel Chief Financial Officer”

ROBINHOOD

“Robinhood Files confidentially to go public”

ROMAN HEALTH

“ Digital Health Startup Ro Raised $500 Million At $5 Billion Valuation”

SERVICETITAN

“With an ARR Topping $250 Million, LA’s Vertical SAAS Superstar ServiceTitan is Now Worth $8.3 Billion”

UIPATH

“Automation Platform UiPath Files Confidential S-1 To Go Public”

“ UiPath Acquires Cloud Elements to Deliver Expanded API-Based Automation Capabilities”

Kirat Lall