Pre-IPO Sector News

August 23, 2021

  • Last week, Brex acquired Weav, a startup that developed an API to track business customers’ commerce data, for $50 million.

  • Databricks was raising at least $1.5 billion in a new funding round at a $38 billion valuation.

  • People.ai raised $100 million at a $1.1 billion valuation.

The news articles and links presented below are available for your reference.

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Dominic Cioffi
Pre-IPO Sector News

August 16, 2021

  • Bluecore raised $125 million at a $1 billion valuation.

  • Dataiku raised $400 million at a $4.6 billion valuation.

  • Hootsuite acquired HeyDay, a conversational customer service software firm that develops chatbots.

  • Impossible Food’s appointed Leilani Gayles as its Chief People Officer and David Borecky as its Chief Financial Officer. Gayles was previously the Chief People Officer for the SF Giants. Before becoming Impossible Food’s CFO, Borecky held the Interim Chief Financial Officer role. In addition, Borecky was a Controller at Stripe and Principal of Corporate Development at Square.

  • Rapyd raised $300 million at a $8.5 billion valuation.

  • Airtable acquired Bayes, a data visualization startup.

  • Chime raised $750 million at a $25 billion valuation.

  • Gusto raised $175 million at a $9.5 billion valuation.

  • Niantic acquired Scaniverse, a 3D scanning app.

  • Plaid reached a $58 million settlement for a class action lawsuit for not obtaining customer consent prior to utilizing its user’s banking data.

  • Reddit raised $700 million at $10 billion valuation.

  • Turo confidentially filed documents for its IPO.

  • Upgrade raised $105 million at a $3.325 billion valuation.

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Dominic Cioffi
Pre-IPO Sector News Update

August 2, 2021

  • Last week, Algolia raised $150 million at a $2.25 billion valuation.

  • Duolingo raised $521 million in its IPO at a $3.66 billion valuation.

  • Neuralink raised $205 million in a new funding round.

  • Robinhood raised $2.1 billion in its IPO at a $31.8 billion valuation.

  • ZocDoc appointed Edward Liu as its new CFO. Liu previously worked in Morgan Stanley’s investment banking division.

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Kirat Lall
Pre-IPO Sector News

July 26, 2021

  • Last week, Byju’s acquired Epic, a children’s online reading platform, for $500 million.

  • Couchbase raised $200 million in its IPO at roughly $960 million valuation.

  • Currencycloud was acquired by Visa for £700 million ($962 million).

  • Epic Games acquired Sketchfab, a 3D publishing platform.

  • Ethos Life raised $100 million at $2.7 billion valuation.

  • GoPuff was raising $1 billion at a $15 billion valuation.

  • Rivian raised $2.5 billion in a new funding round.

  • Scopely invested $50 million into three European mobile game studios (Omnidrone, Tag Games and Pixel Toys) to develop mobile games.

  • Zomato raised $1.26 billion in its IPO at roughly $8 billion valuation.

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Kirat Lall
Pre-IPO Sector News Update

July 19, 2021

  • Last week, Amplitude confidentially filed documents for its IPO.

  • Blend Labs raised $360 million in its IPO at roughly a $4 billon valuation.

  • Carta was raising between $500 million and $600 million at a $7.4 billon valuation.

  • Cybereason raised $275 million at a $3.1 billion valuation.

  • Discord acquired Sentropy, a software that detects and removes online harassment.

  • Revolut raised $800 million at a $33 billion valuation.

  • In its latest regulatory filing, Robinhood planned to sell its shares at a range of $38 per share to $42 per share, raising roughly $2.3 billion at the top end of the range which translates to a $35 billion valuation.

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Kirat Lall
Pre-IPO Sector News Update

July 12, 2021

  • Last week, Circle Internet Financial planned to be acquired by Concord Acquisition Corp, a SPAC, in a deal that values the company at $4.5 billion.

  • Dataminr acquired WatchKeeper, a security visualization software.

  • Flipkart raised $3.6 billion at a $37.6 billion valuation.

  • Instacart appointed Fidji Simo as its new CEO. Simo previously worked as the Head of Facebook’s App division.

  • Klarna acquired Hero, a software that connects online shoppers to retail workers.

  • Kurly raised $200M at a $2.2 billion valuation.

  • Netskope raised $300 million at a $7.5 billion valuation.

  • Nextdoor planned to be acquired by Khosla Ventures Acquisition Co. II, a SPAC, in a deal that values the company at $4.3 billion.

  • Ola was raising $500 million in a new funding round.

  • Planet Labs planned to be acquired by dMY Technology Group Inc IV, a SPAC, in a deal that values the company at $2.8 billion.

  • Wise (formerly TransferWise) went public via a direct listing that valued the company at $11 billion.

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Kirat Lall