Pre-IPO Sector News Update

April 13, 2021

  • Last week, Acorns acquired Pillar, a debt management platform.

  • Better raised $500 million at a $6 billion valuation.

  • Canva raised $71 million at a $15 billion valuation.

  • Coinbase released its Q1 2021 results prior to its IPO on April 14th.

  • Compass raised $450 million in its IPO at a $7 billion valuation.

  • Didi Chuxing confidently filed documents for its IPO and was raising $1.5 billion in debt.

  • Grand Rounds merged with Doctors on Demand.

  • Patreon raised $155 million at a $4 billion valuation.

  • StockX closed its $195 million secondary tender offering led by Altimeter Capital and raised an additional $60 million as a part of its Series E-1 round at a $3.8 billion valuation.

  • Trax raised $640 million in its Series E round.

  • In its latest regulatory filing, UiPath planned to sell its shares at a range of $43 per share to $50 per share, raising roughly $1.06 billion at the top end of the range which translates to a $26 billion valuation.

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Kirat Lall
Pre-IPO Sector News Update

April 6, 2021

  • Last week, Coursera raised $519 million in its IPO at a $4.30 billion valuation.

  • Deliveroo raised $2.1 billion in its IPO at a $10.50 billion valuation.

  • Plaid was raising a new funding round at a $13 billion valuation.

  • ThoughtSpot acquired SeekWell, a data analytics platform that links SQL databases to external applications.

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Kirat Lall
Pre-IPO Sector News Update

March 30, 2021

  • Last week, DigitalOcean raised $775 million in its IPO at a $5 billion valuation.

  • Discord was having preliminary discussions to be acquired by Microsoft for at least $10 billion.

  • Eat Just raised $200 million in a new funding round.

  • GoPuff raised $1.15 billion at a $8.9 billion valuation.

  • Ibotta appointed Sunit Patel as its new CFO. Patel previously worked as the Executive Vice President of Merger and Integration at T-Mobile.

  • Robinhood confidentially filed documents for its upcoming IPO.

  • Roman Health raised $500 million at a $5 billion valuation.

  • ServiceTitan raised $500 million at a $8.3 billion valuation.

  • UiPath filed its S1 for its upcoming IPO and acquired Cloud Elements, an API integration suite.

  • WeWork planned to be acquired by BowX Acquisition Corp, a SPAC, in a deal that the values the company at $9 billion.

  • Zymergen filed its S1 for its upcoming IPO

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Kirat Lall
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