April 20, 2020

Last week, Coupang disclosed that the company generated 7.15 trillion won ($5.9 billion) in revenue with an operating loss of 720.5 billion won ($590 million) in FY 2019.

Didi Chuxing received a $1 billion investment into its bike sharing business.

Impossible Foods significantly increased its distribution to 777 grocery store across the US.

Robinhood was raising more than $200 million at a valuation greater than $8 billion.

Stripe raised $600 million as an extension of its Series G round at a $36 billion valuation.

Two weeks ago, Cohesity raised $250 million in its Series E round.

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April 14, 2020

Last week, Airbnb received a $1 billion investment from Silver Lake and Sixth Street that was exchanged for warrants to be exercised at $18 billion valuation. This $1 billion debt has a five-year term that yields between 11%to 12% interest.

SoFi acquired Galileo, a payments software firm, for $1.2 billion to develop new digital finance products

WeWork sued Softbank for rescinding its $3 billion tender offer.

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April 6, 2020

Last week, Airbnb lowered its internal valuation to $26 billion citing reduced bookings from the Covid-19 outbreak.

Grab hired Peter Oey as its CFO. He was previously the CFO of LegalZoom, CFO of MyLife.com and Vice President and Corporate Controller at Activision Blizzard.

Via raised $200 million at a $2.25 billion valuation.

WeWork had its $3 billion tender offer from Softbank rescinded due to several pending criminal and civil investigations, antitrust issues and the Covid-19 outbreak.

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March 30, 2020

Last week, several travel and transportation startups operations were negatively impacted by the Covid-19 outbreak. Airbnb suspended all of its marketing initiatives to save $800 million and several of its top executives took pay cuts. Bird terminated 30% of its workforce. Lime planned to lay off 50 to 70 employees. TripActions laid off 350 employees. Sonder terminated one third of its workforce. Getaround laid off an additional 100 employees.

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March 23, 2020

Last week, Scopely raised $200 million as an extension of its Series D funding round.

Getaround was rumored to be looking for a potential buyer as demand for its services have plummeted due to the Covid-19.

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March 16, 2020

Last week, Epic Games acquired Cubic Motion, a facial mapping startup, to enhance its gaming development tools.

Hashicorp was raising $175 million at a $5.25 billion valuation.

Impossible Foods raised $500 million at an undisclosed valuation.

Magic Leap was looking for a buyer.

Unity acquired Artomatix, an AI game development firm, to bolster its 3D gaming platform.

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