Pre-IPO Sector News

September 1, 2021

• Last week, Bytedance acquired Pico, a developer of a virtual reality headset.

• Ramp raised $300 million at a $3.9 billion valuation. In addition, the company acquired Buyer, a firm that assist startups in negotiating prices for their software spending.

• Rivian confidentially filed documents for its IPO.

• Sweetgreen acquired Spyce, a developer of kitchen automation technology.

• Toast filed its S1 for its upcoming IPO.

BYTEDANCE

“TikTok Owner ByteDance Takes First Step Into Virtual Reality With Latest Acquisition”

• https://www.cnbc.com/2021/08/30/tiktok-owner-bytedance-acquires-pico-and-takes-first-step-into-virtual-reality.html

RAMP

“Ramp Raises $300M at a $3.9B Valuation, Makes its First Acquisition”

• https://techcrunch.com/2021/08/24/ramp-raises-300m-at-a-3-9b-valuation-makes-its-first-acquisition/

RIVIAN

“Electric Vehicle Company Rivian has Confidentially Filed for an IPO”

• https://techcrunch.com/2021/08/27/electric-vehicle-company-rivian-has-confidentially-filed-for-an-ipo/

SWEETGREEN

“ Salad Chain Sweetgreen Bets on Automation by Acquiring Spyce and its Robotic Kitchen Rech”

• https://www.cnbc.com/2021/08/24/salad-chain-sweetgreen-acquires-spyce-and-its-robotic-kitchen-tech.html

TOAST

“ Restaurant Tech Giant Toast Files For IPO”

• https://www.restaurantbusinessonline.com/technology/restaurant-tech-giant-toast-files-ipo