August 24, 2020
Kabbage was acquired by American Express.
Palantir’s leaked S1 revealed several insights into the company’s financials. The company generated $742 million in revenue in 2019 (25% increase compared to 2018 revenue) with a net loss of $580 million in 2019 (similar to 2018 net loss).
Robinhood raised $200 million at a $11.2 billion valuation.
SpaceX raised $1.9 billion at a $46 billion valuation.
NEW YORK, August 12, 2020 – Inc. magazine today revealed that Rainmaker Securities, LLC is No. 1948 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Read MoreAugust 17, 2020
Last week, Blend raised $75 million at a $1.7 billion valuation.
Epic Games decided to sue Apple and Google once Apple and Google removed Fortnite from their app stores. Apple and Google decided to remove Fortnite since Epic Games declined to pay the transaction fee for Fornite’s in-app purchases.
Impossible Foods raised $200 million in a new funding round.
August 10, 2020
Last week, following Trump’s executive order which permits TikTok’s US operations only to be sold to a US firm or risk being banned, Twitter decided to make a bid to acquire Tiktok.
ChargePoint raised $127 million in additional funding.
Epic Games raised $1.78 billion at a $17.3 billion valuation.
Indigo AG raised an additional $360 million as an extension of its Series F round.
Intercom hired Dan Griggs as its new CFO. Griggs previously was the CFO of Sitecore and the Vice President Financial Planning and Analysis at Rocket Fuel Inc.
Kabbage hired FT Partners to explore a sale at a valuation between a $750 million and $1 billion.
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.
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.
