Pre-IPO Sector News

May 25, 2021

  • Last week, Figure raised $200 million at a $3.2 billion valuation.

  • Formlabs raised $150 million at a $2 billion valuation.

  • NerdWallet confidentially filed documents for its IPO

  • Procore raised $634.50 million in its IPO at a $9.6 billion valuation.

  • Roman Health acquired Modern Fertility, a reproductive health startup.

  • Snyk acquired FossID, an open source compliance and security startup.

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Kirat Lall
Pre-IPO Sector News Update

May 17, 2021

  • Last week, Better planned to be acquired by Aurora Acquisition Corp, a SPAC, in a deal that values the company at $7.7 billion.

  • Bird planned to be acquired by Switchback II, a SPAC, in a deal that values the company at $2.3 billion.

  • DataRobot acquired Zepl, a data science and machine learning platform.

  • Ginkgo Bioworks planned to be acquired by Soaring Eagle Acquisition Corp, a SPAC, in a deal that values the company at $15 billion.

  • JD Logistics filed documents for its upcoming IPO where the company plans to raise roughly $3.4 billion.

  • Marqeta filed its S1 for its upcoming IPO.

  • Stripe acquired Bouncer, a payment authentication startup.

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Kirat Lall
Pre-IPO Sector News Update

May 11, 2021

  • Last week, Acronis raised $250 million at a valuation greater than $2.5 billion.

  • Automation Anywhere appointed James Budge as its CFO and Mike Micucci as its COO. Budge previously was the CFO at Pluralsight. Micucci previously led the product direction, marketing and operations for Saleforce's Community Cloud department.

  • Divvy was getting acquired by Bill.com for $2.5 billion.

  • In its latest regulatory filing, Procore planned to sell its shares in its IPO at a range of $60 per share to $65 per share, raising roughly $615.6 million which translates to a $8.3 billion valuation.

  • ThoughtSpot acquired Diyotta, a data integration platform.

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Kirat Lall
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.

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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.

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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.

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Kirat Lall