Pre-IPO Sector News Update

July 12, 2021

• Last week, Circle Internet Financial planned to be acquired by Concord Acquisition Corp, a SPAC, in a deal that values the company at $4.5 billion.

• Dataminr acquired WatchKeeper, a security visualization software.

• Flipkart raised $3.6 billion at a $37.6 billion valuation.

• Instacart appointed Fidji Simo as its new CEO. Simo previously worked as the Head of Facebook’s App division.

• Klarna acquired Hero, a software that connects online shoppers to retail workers.

• Kurly raised $200M at a $2.2 billion valuation.

• Netskope raised $300 million at a $7.5 billion valuation.

• Nextdoor planned to be acquired by Khosla Ventures Acquisition Co. II, a SPAC, in a deal that values the company at $4.3 billion.

• Ola was raising $500 million in a new funding round.

• Planet Labs planned to be acquired by dMY Technology Group Inc IV, a SPAC, in a deal that values the company at $2.8 billion.

• Wise (formerly TransferWise) went public via a direct listing that valued the company at $11 billion.

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

CIRCLE INTERNET FINANCIAL

“Digital currency company Circle to go public via SPAC at $4.5 billion valuation”

• https://www.cnbc.com/2021/07/08/digital-currency-company-circle-to-go-public-via-spac-at-4point5-billion-valuation.html

DATAMINR

“Dataminr’s first ever acquisition is UK-based geovisualization platform WatchKeeper”

• https://techcrunch.com/2021/07/07/dataminr-watchkeeper-acquisition/

FLIPKART

“Flipkart valued at $37.6 billion in new $3.6 billion fundraise”

• https://techcrunch.com/2021/07/11/flipkart-valued-at-37-6-billion-in-new-3-6-billion-fundraise

INSTACART

“Instacart poaches one of the highest-ranking female Facebook executives, Fidji Simo, for CEO”

• https://www.cnbc.com/2021/07/08/instacart-new-ceo-fidji-simo-comes-from-facebook.html

KLARNA

“Klarna Buys Online Commerce Startup Hero”

• https://www.wsj.com/articles/klarna-buys-online-commerce-startup-hero-11625849576

KURLY

“Kurly, the Korean grocery startup, raises $200M on a $2.2B valuation after shifting IPO plans away from the NYSE”

• https://techcrunch.com/2021/07/09/kurly-the-korean-grocery-startup-raises-200m-on-a-2-2b-valuation-after-shifting-ipo-plans-away-from-the-nyse/

NETSKOPE

“Netskope's valuation more than doubles to $7.5 bln in latest funding round”

• https://www.reuters.com/technology/cloud-security-firm-netskope-raises-fresh-capital-75-bln-valuation-2021-07-09/

NEXTDOOR

“Nextdoor to go public through merger with SPAC Khosla Ventures Acquisition Co. II”

• https://www.marketwatch.com/story/nextdoor-to-go-public-through-merger-with-spac-khosla-ventures-acquisition-co-ii-2021-07-06

OLA

“Ola Raising $500 Million as It Moves Toward Stock-Market Debut”

• https://www.bloomberg.com/news/articles/2021-07-09/ola-raising-500-million-as-it-moves-toward-stock-market-debut

PLANET

“Google-backed Planet Labs to go public in $2.8 bln SPAC deal”

• https://www.reuters.com/technology/google-backed-planet-labs-go-public-28-bln-spac-deal-2021-07-07/

WISE

“Wise Direct Listing Values Fintech Giant at $11 Billion in Big Win for Post-Brexit London”

• https://www.cnbc.com/2021/07/07/wise-direct-listing-london.html