Pre-IPO Sector News

June 14, 2021

  • Last week, Attentive acquired Tone, a conversational texting platform.

  • Byju’s raised $350 million at a $16.50 billion valuation.

  • Course Hero acquired LitCharts, a suite that simplifies literatures for students.

  • Didi Chuxing filed its S1 for its upcoming IPO.

  • Faire raised $260 million at a $7 billion valuation.

  • Klarna raised $639 million at a $45.6 billion valuation.

  • Marqeta raised $1.2 billion in its IPO at a $15.2 billion valuation.

  • NuBank raised an additional $750 million as an extension of its Series G funding round thereby valuing the company at $30 billion.

  • Relatively Space raised $650 million at a $4.2 billion valuation.

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Kirat Lall
Pre-IPO Sector News Update

June 7, 2021

  • Last week, Exabeam raised $200 million at a $2.4 billion valuation. In addition, the company appointed Michael DeCesare as its new CEO and President. DeCesare was previously the CEO of Forescout Technologies.

  • GitLab acquired UnReview, a machine learning platform that recommends the best code reviewers.

  • Gong raised $250 million at a $7.25 billion valuation.

  • In its latest regulatory filing, Marqeta planned to sell its shares at a range of $20 per share to $24 per share, raising more than $1 billion at the top end of the range which translates to more than $12 billion valuation.

  • Outreach raised $200 million at a $4.4 billion valuation.

  • SentinelOne filed its S1 for its upcoming IPO.

  • Sprinklr filed its S1 for its upcoming IPO.

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Kirat Lall
Pre-IPO Sector News Update

June 2, 2021

  • Last week, Acorns planned to be acquired by Pioneer Merger Corp, a SPAC, in a deal that values the company at $2.2 billion.

  • Doximity filed its S1 for its upcoming IPO.

  • Klarna was raising roughly $500 million in a new funding round that would value the company at more than $40 billion valuation.

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Kirat Lall
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