Pre-IPO Sector News Update

August 3, 2020

  • Last week, TikTok was having advanced talks with Microsoft regarding a potential acquisition.

  • Roblox surpassed 150 million monthly active users.

  • Tranferwise was valued at $5 billion following a $319 million secondary transaction.

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Kirat Lall
Pre-IPO Sector News Update

July 27, 2020

  • Robinhood postponed plans for UK expansion.

  • Rent the Runway hired Ellen Shultz as the company’s Chief People Officer and Larry Steinberg as the company’s Chief Technology Officer. Shultz previously worked at the New York Times. Steinberg previously founded Engyro (formerly Dirigo) which was acquired by Microsoft and worked as the CTO for Agilysys.

  • Revolut raised $80 million as an extension of its Series D round.

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Kirat Lall
Pre-IPO Sector News Update

July 20, 2020

Last week, Autho raised $120 million at a $1.92 billion valuation.

Coursera raised $130 million at a $2.5 billion valuation.

Puppet Lab raised $40 million in a debt round.

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Kirat Lall
Pre-IPO Sector News Update

July 13, 2020

  • Magic Leap appointed Peggy Johnson as its new CEO. Johnson previously worked at Microsoft and Qualcomm.

  • Palantir confidentially filed documents for its upcoming IPO.

  • Rivian raised $2.5 billion in a new funding round

  • Robinhood raised $320 million at a $8.6 billion valuation.

  • UiPath raised $225 million at a $10.2 billion valuation.

  • Lemonade raised $319 million in its IPO at a $1.6 billion valuation.

  • Instacart raised an additional $100 million as an extension of its most recent funding round.

  • Discord raised $100 million at a $3.5 billion valuation.

  • Postmates was acquired by Uber for $2.65 billion valuation.

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Kirat Lall
Pre-IPO Sector News Update

July 1, 2020

Last week, Lemonade planned to raise $286 million during its IPO at a $1.3 billion valuation.

Oscar Health raised $225 million in a new funding round.

Tanium raised roughly $100 million at a $9 billion valuation.

Amazon acquired Zoox for $1.2 billion.

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Kirat Lall
Pre- IPO Sector News Update

June 22, 2020

Last week, Canva raised $60 million at a $6 billion valuation.

Palantir raised $500 million in a recent funding round.

UiPath was having talks to raise new funds at a valuation greater than $10 billion.

Epic Games was raising $750 million at roughly a $17 billion valuation.

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Kirat Lall