Figma was performing a tender offer at a $12.5 billion valuation

May 28, 2024

  • Figma was performing a tender offer at a $12.5 billion valuation.

  •  Harness raised $150 million line of credit.

  •  Mistal AI was raising a new funding round at a $6 billion valuation.

  •  SpaceX was having discussions to perform a tender offer at a $200 billion valuation.

  •  Vercel raised $250 million at a $3.25 billion valuation.

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Kirat Lall
Market Insight Update: Marketable Secondary Names

Given the market reset which followed the valuation boom in 2021, select secondary issuers are more marketable to investors than others. Companies that have raised a recent round, or adjusted their 409A, in the past two years are more likely to have interested buyers as they have a fresh benchmark in terms of valuation. As no investor wants to purchase shares in a company that potentially could have a down round in the future, no news is bad news in this market.

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Kirat Lall
Automattic acquired Beeper, a messaging app, for $125 million

Apr 22, 2024

  • Automattic acquired Beeper, a messaging app, for $125 million.

  •  Ibotta raised $577 million in its IPO at a $2.67 billion valuation.

  •  Lacework, once valued at $8.3 billion valuation, was having discussions to be sold to Wiz for $150 million to $200 million.

  •  Minio appointed Mark Khavkin as its new CFO. Khavkin previously was the CFO at Pantheon Platform.

  •  Ramp raised $150 million at a $7.65 billion valuation.

  •  Rippling was raising a new round at a $13.4 billion valuation.

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Kirat Lall
Anthropic raised an additional $2.75 billion from Amazon

Apr 08, 2024

  • Anthropic raised an additional $2.75 billion from Amazon.

  •  HootSuite acquired Talkwalker, a platform that analyzes conversations over social media platforms.

  •  Rubrik filed its S1 for its upcoming IPO.

  •  Scale AI was in talks to raise a new round at a $13 billion valuation.

  •  xAI was in talks to raise $3 billion at a $18 billion valuation.

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Kirat Lall