Pre-IPO Sector News Update

May 3, 2021

  • Last week, Brex raised $425 million at a $7.4 billion valuation.

  • Stripe acquired TaxJar, a sales tax compliance platform.

  • Udemy hired Sarah Blanchard as its new Chief Financial Officer. Blanchard previously was the Chief Financial Officer and Chief Operating Officer at Omada Health.

  • Zomato filed documents for its upcoming IPO where the company plans to raised roughly $1.1 billion.

Read More
Kirat Lall
Pre-IPO Sector News Update

April 26, 2021

  • Last week, Confluent confidentially filed documents for its upcoming IPO.

  • Discord terminated its acquisition discussion with Microsoft.

  • Druva raised $147 million at a $2 billion valuation.

  • UiPath raised $1.34 billion in its IPO at a $29 billion valuation.

  • Zymergen raised $500 million in its IPO at a $3 billion valuation.

Read More
Kirat Lall
Pre-IPO Sector News Update

April 20, 2021

  • Last week, Coinbase went public via a direct listing that valued the company at $99.60 billion at the opening of the first trading day.

  • Grab planned to be acquired by Altimeter Growth Corp, a SPAC, in a deal that the values the company at $39.6 billion.

  • MasterClass was raising a new funding round at a $2.5 billion valuation.

  • Revolut was raising a new funding round at a valuation greater than $10 billion.

  • Scale raised a $325 million at a $7 billion valuation.

  • Squarespace filed its S1 for its upcoming direct listing.

  • In its latest regulatory filing, Zymergen planned to sell its shares at a range of $28 per share to $31 per share, raising roughly $421.6 million at the top end of the range which translates to a $2.96 billion valuation.

Read More
Kirat Lall
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.

Read More
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.

Read More
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

Read More
Kirat Lall