Pre-IPO Sector News Update

March 23, 2021

  • Last week, ByteDance acquired Moonton Technology, a video game studio, for $4 billion

  • Dataminr was raising a new round that valued the company at roughly $3.6 billion.

  • Dataminr raised $475 million at a $4.1 billion valuation

  • Docker raised $23 million in its Series B funding round.

  • EToro planned to be acquired by FinTech Acquisition Corp. V (FTCV), a SPAC, in a deal that the values the company at $10.4 billion.

  • Epic Games was raising a new round that valued the company at $28 billion.

  • Lookout acquired CipherCloud, a cloud security firm.

  • Olo raised $450 million in its IPO at a $3.6 billion valuation.

  • Squarespace raised $300 million at a $10 billion valuation.

  • Zenefits received a majority control investment from Francisco Partners.

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Kirat Lall
Pre-IPO Sector News Update

March 16, 2021

  • Last week, Airtable raised $270 million at a $5.77 billion valuation.

  • Coupang raised $4.55 billion in its IPO at a $60 billion valuation.

  • Epic Games acquired Capturing Reality, a firm that develops technology to perform 3D scans of objects to create enhanced gaming graphics.

  • Roblox went public via a direct listing that valued the company at $41.9 billion

  • Snyk raised $175 million at a $4.7 billion valuation.

  • Stripe raised $600 million at a $95 billion valuation.

  • ThoughtSpot raised $20 million from Snowflake Ventures.

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Kirat Lall
Pre-IPO Sector News Update

March 8, 2021

  • Last week, Auth0 was acquired by Okta for $6.5 billion.

  • Compass and Coursera filed their S1s for its upcoming IPOs.

  • Deliveroo generated £4.1 billion in revenue in 2020 (up from £2.5 billion in 2019) and posted a net loss of £223.7 million in 2020 (down from £317 million in 2019).

  • Epic Games acquired Mediatonic, the firm that developed Fall Guys.

  • Instacart raised $265 million at a $39 billion.

  • Oscar Health raised $1.2 billion in its IPO at a $7.7 billion valuation.

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Kirat Lall
Pre-IPO Sector News Update

March 1, 2021

  • Last week, DigitalOcean filed its S1 for its upcoming IPO

  • Klarna raised $1 billion at a $31 billion valuation.

  • Kraken was raising a new funding round that would value the company at $10 billion.

  • Next Insurance was raising a new funding round that would value the company at $4 billion.

  • Olo filed its S1 for its upcoming IPO.

  • Reddit raised an additional $116 million as an extension of its Series E round.

  • Rocket Lab planned to get acquired by Vector Acquisition Corporation, a SPAC, that would value the company at $4.1 billion.

  • Zomato raised $250 million at a $5.4 billion valuation.

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Kirat Lall
Pre-IPO Sector News Update

February 22, 2021

  • Last week, Brex applied for a bank charter and hired Bruce Wallace to head its new Brex Bank initiative.

  • Coinbase completed several secondary transactions with the highest trade completed at $373 per share, which valued the company at $100 billion.

  • GoPuff acquired Fancy, a UK based micro fulfillment delivery firm.

  • Marqeta confidentially filed documents for its upcoming IPO.

  • SpaceX raised $850 million at a $74 billion valuation.

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Kirat Lall