Pre-IPO Sector News Update

September 28, 2020

  • Last week, Chargepoint was merged with Switchback Energy Acquisition Corporation, a SPAC, in a deal that valued the company at $2.4 billion.

  • GoodRx raised $1.14 billion in its IPO at a $12.67 billion valuation.

  • Grail was acquired by Illumina for $8 billion.

  • Robinhood raised an additional $460 million as an extension of its Series G funding round.

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

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Kirat Lall
Pre-IPO Sector News Update

September 21, 2020

  • Last week, Snowflake raised $3.36 billion its its IPO at a $33 billion valuation.

  • Unity raised $1.3 billion in its IPO at a $13.7 billion valuation.

  • Affirm raised $500 million in its Series G round.

  • Chime raised $485 million in its Series F round at a $14.5 billion valuation.

  • Dataminr hired Nella Domenici as its new CFO. Domenici previously worked at Bridgewater Associates and Credit Suisse.

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Kirat Lall
Pre-IPO Sector News Update

September 14, 2020

  • Last week, Airtable raised $185 million at a $2.58 billion valuation.

  • Tiktok was having advanced discussions to be acquired by Oracle.

  • Klarna was in talks with investors to raise a new funding round at a valuation greater than $10 billion.

  • Zymergen raised $300 million in its Series D round.

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Kirat Lall
Pre-IPO Sector News Update

September 8, 2020

  • Last week, Optimizely was acquired by Episerver.

  • Robinhood was under civil fraud investigation from the SEC for failure to disclose that the company sold customers’ orders to high-speed trading firms.

  • Wish filed documents for its upcoming IPO

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Kirat Lall
Pre-IPO Sector News Update

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.

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Kirat Lall