Pre-IPO Sector News

July 7, 2021

  • Last week, Didi Chuxing raised $4.4 billion in its IPO at a $73 billion valuation (fully diluted basis). A few days following Didi’s IPO, China’s cybersecurity division decided to remove Didi’s app from the app store due to Didi’s improper collection of customer’s personal information.

  • Discord acquired Ubiquity6, an augmented reality startup.

  • Duolingo filed its S1 for its upcoming IPO.

  • Robinhood filed its S1 for its upcoming IPO.

  • Roman Health (Ro) acquired Kit, an at-home diagnostics startup.

  • SentinelOne raised $1.2 billion in its IPO at a $10.5 billion (fully diluted basis).

  • ServiceTitan raised $200 million at a $9.5 billion valuation. In addition, the company acquired Aspire Software, a commercial landscaping startup.

Read More
Dominic Cioffi
Pre-IPO Sector News Update

June 28, 2021

  • Last week, Buzzfeed planned to be acquired by 890 Fifth Avenue Partners, a SPAC, in a deal that values the company at $1.5 billion. The company also acquired Complex Networks, a digital publisher that specializes in content for Gen Z and Millennials , for $300 million.

  • Confluent raised $828 million in its IPO at roughly $9 billion valuation.

  • Robinhood’s IPO was delayed due to the SEC investigation of its growing crypto business.

  • Quanergy planned to be acquired by CITIC Capital Acquisition Corp, a SPAC, in a deal that values the company at $1.4 billion.

  • Wise (formerly TransferWise) confirmed that they will be performing a direct listing on the London Stock Exchange in early July at a valuation between $6 billion and 7 billion.

Read More
Dominic Cioffi
Pre-IPO Sector News Update

June 21, 2021

  • Last week, Addepar raised $150 million at a $2 billion pre-money valuation.

  • Anduril raised $450 million at a $4.6 billion valuation.

  • Automattic acquired Day One, a journaling application.

  • Gusto acquired Ardius, a tax automation compliance suite.

  • Keeptruckin raised $190 million at a $2.3 billion valuation.

  • Revolut disclosed some key statistics related to its 2020 financials. The company generated $361 million in revenue which represents a 57% increase compared to its 2019 revenue. Gross profit was roughly $170 million and total non-adjusted operating loss was approximately $277 million in FY 2020.

  • In its latest regulatory filing, SentinelOne planned to sell its shares at a range of $26 per share to $29 per share, raising $928 million at the top end of the range which translates to $7.36 billion valuation.

  • Two weeks ago, Amplitude raised $150 million at a $4 billion pre-money valuation.

  • BlockFi was raising a new funding round at a $5 billion valuation.

  • Datarobot was raising a new funding round at a valuation greater than $7 billion.

Read More
Kirat Lall
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.

Read More
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.

Read More
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.

Read More
Kirat Lall