Industry News Update – Week of 10/1/2018

Last week, SurveyMonkey raised $180 million in its IPO and the company was valued at $1.46 billion. SurveyMonkey’s shares closed at $17 on its first day of trading which represents a 42% increase compared to its original share price.

Bitmain filed documents for its IPO on the Stock Exchange of Hong Kong.

Stripe's valuation increased to $20 billion after the company raised $245 million.

Slack's IPO is expected to occur in the first half of 2019.

Compass's valuation increased to $4.4 billion after the company raised $400 million.

Opendoor's valuation increased to $2.42 billion after the company raised an additional $400 million in its Series E funding round.

Lyft generated $909 million in the first half of the year (120% increase compared to the first half of last year) and its net loss increased to $373 million in the first half of the year (46% increase compared to the first half of last year).

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

BITMAIN

“Crypto Mining Giant Bitmain Reveals Heady Growth as it Files for IPO"

COMPASS

"Compass Nabs $400M, Valuing the Real Estate Technology Startup at $4.4B"

LYFT

"Understanding Lyft’s Recent Financial Performance"

OPENDOOR

"SoftBank Invests $400 Million in Home-Selling Startup Opendoor"

SLACK

"Slack Actively Preparing for Early 2019 IPO"

STRIPE

"Stripe, One of Silicon Valley's Hottest Startups, Just Raised a $245 Million Monster Round — Making it a $20 Billion Company"

SURVEYMONKEY

“SurveyMonkey's IPO Priced at $12/share“

“SurveyMonkey Surges 42% in Market Debut, Ends Trading at $17 a Share”

Industry News Update – Week of 9/24/2018:

Last week, Eventbrite raised $230 million in its IPO and the company was valued at $1.75 billion. Eventbrite’s shares closed at $36.50 on its first day of trading which represents a 59% increase compared to its original share price.

Farfetch raised $885 million in its IPO and the company was valued at $6.2 billion. Farfetch’s shares closed at $28.45 on its first day of trading which represents a 42% increase compared to its original share price.

Meituan Dianping raised $4.2 billion in its IPO. The company was valued at $50 billion after the company’s share increased 5% in its first day of trading.

Ola’s valuation increased to $4.3 billion after the company raised $50 million.

Postmates’ valuation increased to $1.2 billion after the company raised $300 million.

Coupang surpassed 1 billion 'Rocket Deliveries’.

Lyft reached 1 billion rides on September 18, 2018.

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

COUPANG

"Coupang Has Made 1 Billion Rocket Deliveries"

EVENTBRITE

"Eventbrite's IPO Is a Hot Ticket as Stock Surges 59% in First Day of Trading"

FARFETCH

"Luxury Fashion Marketplace Farfetch Closes at $28.45, up 42% on its First Day of Trading on NYSE”

LYFT

"Lyft Hits a Major Milestone: 1 Billion Trips"

MEITUAN DIANPING

"China's App for Everything Meituan Dianping Jumps in IPO"

OLA

"Ola Raises $50M at a $4.3B Valuation From Two Chinese Funds"

POSTMATES

"Postmates Raises Another $300M, Reportedly Valued at $1.2B"

Industry News Update – Week of 9/17/2018:

Last week, Palantir selected Morgan Stanley as its adviser-of-choice for its upcoming IPO.

 Pinterest recorded 250 million monthly active users which represents a 25% increase compared to its monthly active users last September.

 WeWork acquired Teem, an office management software firm, to inform employers that they have booked conference rooms and perform analytics to determine underutilized conference rooms.

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

 

PALANTIR

"Morgan Stanley’s Long Romance of Palantir Pays Off as IPO Nears"

PINTEREST

"Pinterest Reports 25% Increase in Monthly Active Users"

WEWORK

"WeWork Acquires Utah Software Startup Teem for a Reported $100 Million"

Industry News Update – Week of 9/10/2018:

Farfetch announced its price range of its IPO as $15 to $17 per share which translates to a valuation of $4.2 billion.

Eventbrite also announced its price range of its IPO as $19 to $21 per share which translates to a valuation of $1.8 billion.

Unity's CFO departed from his role for undisclosed reasons.

Roblox's valuation increased to more than $2.5 billion after the company raised $150 million.

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

EVENTBRITE

"Eventbrite Sets IPO Range of $19 to $21, Valuing it at $1.8B"

FARFETCH

"Farfetch IPO carries luxury price tag"

ROBLOX

"Roblox Raises $150 Million as its User-created Game World Surpasses 70 Million Players"

UNITY

“Fast-growing Game Engine Startup Unity Loses its CFO"

Industry News Update – Week of 9/4/2018:

Last week, Uber's valuation increased to $72 billion after the company raised $500 million from Toyota to collaborate on its autonomous vehicle initiatives.

Lyft hired Class V Group LLC as its IPO adviser and expects to list in March or April in 2019.

Instacart is now available to 70 percent of all U.S. households.

Meituan Dianping announced its price range of its IPO as HK$60 to HK$72 ($7.64-$9.17) per share which translates to a valuation of $55 billion.

Robinhood’s users can now invest in 250 foreign companies through the use of American depositary receipts.

Didi Chuxing halted its carpooling service after a second passenger was murdered.

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

DIDI CHXUING

"Didi Suspends Carpooling Service in China After 2nd Passenger Is Killed"

INSTACART

"Instacart is Now Available to 70 Percent of U.S. Households"

LYFT

" Lyft Is Said to Hire Adviser to Prepare for Targeted 2019 IPO"

MEITUAN-DIANPING

“China's Meituan Dianping Sets HK IPO Valuation at up to $55 Billion: Sources"

ROBINHOOD

“Robinhood Gives Investors International Targets to Aim For With Launch of ADR Products"

UBER

“Toyota Investing $500 Million in Uber in Driverless-Car Pact"

 

Industry News Update – Week of 8/20/2018:

Last week, Farfetch filed documents for upcoming IPO on the NYSE.

Doordash's valuation increased to $4 billion after the company raised $250 million.

Coinbase acquired Distributed Systems, an identity integration tool, to allow its new users to sign up in a quicker and more secure fashion.

SoFi was having discussions to obtain to a $1 billion line of credit.

Uber's Q2 net revenue was $2.7 billion (a 51% increase compared to Q2 2017) and its Q2 gross bookings were $12 billion (up 41% compared to Q2 2017). Uber's Q2 adjusted EBITDA loss was $404 million (a 24% decrease compared to Q2 2017).

WeWork’s Q2 net revenue was $422 million (a 113% increase compared to Q2 2017). The company reported a net loss of $723 million in H1 2018.

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

COINBASE

“Coinbase Acquires Distributed Systems to Build ‘Login with Coinbase"

DOORDASH

"DoorDash Raises Another $250M, Nearly Triples Valuation to $4B"

FARFETCH

"Farfetch Files for IPO to Trade on NYSE as FTCH; has Nearly 1B Active Users of its Luxury Goods Marketplace"

SOFI

"SoFi Seeks Credit Line of as Much as $1 Billion"

UBER

"Uber's Revenue and Bookings Growth Slowed Slightly in the Second Quarter of 2018, Company Reports"

WEWORK

“WeWork is Still Growing Phenomenally — and Losing a Lot of Money”

Industry News Update – Week of 8/13/2018:

Last week, Magic Leap released its Magic Leap One product to the public for $2,295.

Slack's valuation was expected to increase to $7 billion after the company planned to raise more than $400 million.

Eventbrite purchased Picatic, a Canadian-based ticketing and event platform, to add talent to its technical department and expand its presence within Canada.  

Ola launched its ride hailing service in the UK.

ByteDance was in talks to raise $2.5 billion to $3 billion. Following this round, the company's valuation could increase to $75 billion.

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

BYTEDANCE

"Fast-growing Chinese Media Startup ByteDance is Raising $2.5B-$3B More"

EVENTBRTE

"Eventbrite Acquires Picatic"

MAGIC LEAP

"Magic Leap's Futuristic

Goggles are Finally Launching — Here's How Much They Cost and How to Buy Them"

OLA

"India’s Uber rival Ola is Headed to Europe with Ride-hailing Launch in the UK"

SLACK

"Slack is Raising $400M+ With a Post-money Valuation of $7B or more"

Industry News Update – Week of 8/6/2018:

Last week, Sonos raised $208.50 million in its IPO and the company was valued at $1.50 billion. Sonos’s shares closed at $18.50 on its first day of trading which represents a 20% increase compared to its original share price.

Peloton's valuation increased to $4.15 billion after the company raised $550 million to expand its international presence.

Grab's valuation increased to $11 billion after the company raised an additional $1 billion.

Didi Chuxing invested $1 billion in Xiaoju Automobile Solutions Co., its auto-services business.

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

DIDI CHUXING

"China's DiDi Refuels Its Auto Services Business with a $1 Billion Investment"

GRAB

"Grab Picks up $2 Billion More to Fuel Growth in Post-Uber Southeast Asia"

PELOTON

"Peloton Raises $550 Million in Funding Round Led by TCV"

SONOS

“Sonos Sees Modest Gains on First Day of Trading"

Industry News Update – Week of 7/30/2018

Last week, Bloom Energy raised $270 million in its IPO and the company was valued at $1.60 billion. Bloom Energy’s shares closed at $25 on its first day of trading which represents a 67% increase compared to its original share price.

23andMe received $300 million from GlaxoSmithKline (GSK) to provide its human genome data that will be used to help GSK develop drugs.

Uber surpassed 10 billion rides on July 24th 2018.

Slack purchased Atlassian’s HipChat and Stride IP. In exchange, Atlassian will receive a minority stake in Slack.

WeWork China's valuation increased to $5 billion after the company received $500 million in a funding round led by Trustbridge Partners.

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

23ANDME

"23andMe Announces $300M Deal for your DNA with Giant Drug Company GSK"

BLOOM ENERGY

"Clean-Tech Company Bloom Energy Soars 67% in Trading Debut"

SLACK

"Atlassian’s HipChat and Stride to be Discontinued, With Slack Buying Up The IP"

UBER

“Uber Hits 10 Billion Trips"

WEWORK

"WeWork has Closed a $500 Million Funding Round for its China Subsidiary"

Industry News Update – Week of 7/23/2018:

Sonos announced plans to sell 13.9 million shares at a price range of $17 to $19 in its upcoming IPO.

Buzzfeed launched a new site for its serious news content called www.buzzfeednews.com to separate its actual news stories from the rest of its content.

Didi Chuxing received a $500 million investment from Booking Holdings as part of its partnership to promote their respective services within each other’s platforms.

Eventbrite has filed documents for its upcoming IPO.

Farfetch acquired CuriosityChina, a Chinese digital marketing agency, to more effectively sell its brands on WeChat.

Kabbage hired Scott Rosenberg as its chief financial officer. Rosenberg previously was the CFO of Purchasing Power, GSI Commerce, Inc (an eBay company), J. Crew Group and Lenox.

Slack acquired Missions, a software that creates custom workflows, to allow its non-tech users to automate workflows.

Zoox's valuation increased to $3.2 billion after the company raised $500 million.

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

BUZZFEED

"BuzzFeed Launches a New Website For its Real Journalism"

DIDI CHUXING

"Booking Holdings to Invest $500 Million in China's DiDi Chuxing Ride-sharing app"

EVENTBRITE

"Eventbrite Files Confidentially for IPO"

FARFETCH

“Farfetch Buys China Agency to Bring Luxury Brands to WeChat"

KABBAGE

"Kabbage Announces Appointments of Scott Rosenberg as CFO and Laurie Simon Hodrick as Independent Director of its Board"

SLACK

“Slack Just Acquired Its 3rd Company In a Quest to Broaden Its Product"

SONOS

“Sonos Sets IPO Terms, to Offer 13.9 Million Shares Priced at $17 to $19 Each"

ZOOX

“Self-driving Car Startup Zoox is Raising $500 Million at a $3.2 Billion Valuation"

Industry News Update – Week of 7/16/2018:

Last week, Robinhood added Litecoin and Bitcoin Cash to its crypto-trading platform.

Lime, an electric scooter startup, raised $335 million from Uber and Alphabet. Following this funding round, Lime's valuation increased to $1.1 billion.

Following Craig Venter's retirement, Human Longevity appointed David Karow as its interim CEO. Karow was previously the Chief of Radiogenomics at Human Longevity.

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

HUMAN LONGEVITY

"Human Longevity Names Interim CEO"

LIME

"Uber and Alphabet Just Invested $335 Million in Lime — Here's Why Scooter Start-ups Are Suddenly Worth Billions"

ROBINHOOD

"Robinhood Has Added Two More Cryptocurrencies"

Industry News Update – Week of 7/9/2018:

Last week, Xiaomi raised $4.7 billion in its IPO and the company was valued at $54 billion. Xiaomi ’s shares closed at HK$16.80 ($2.14) on its first day of trading which represents a 1.2% decrease compared to its original share price.

Juul was planning to raise $1.2 billion at a $15 billion valuation.

Bloom Energy planned to raise $252 million in its IPO at a price range of $13 to $15 that would value the company at roughly $1.5 billion.

Sonos and Tencent Music Entertainment have both filed documents for their upcoming IPOs.

Uber held preliminary discussions to merge its Middle East business with Careem.

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

BLOOM ENERGY

"Bloom Energy Sets Terms for $252 Million IPO"

JUUL

"E-Cigarette Maker Juul Labs is Raising $1.2 Billion"

SONOS

"Sonos, the Smart Speaker Company, Files for an IPO — on Track to do Over $1 Billion in Revenue This Year"

Tencent Music Entertainment

“China’s Largest Music Streaming Business is Planning a US IPO"

UBER

"Uber Is in Talks With Careem to Merge in Middle East"

Xiaomi

“Chinese Smartphone Maker Xiaomi Falls in Hong Kong Trading Debut"

Industry News Update – Week of 7/2/2018:

Last week, Xiaomi priced its IPO at 17 Hong Kong dollars (US$2.17) per share which is the bottom of its target price range of HK$17 to HK$22. The company’s shares will begin trading on July 9th.

Lyft's valuation increased to $15.1 billion after the company raised $600 million.

Bird's valuation increased to $2 billion after the company closed its recent $300 million funding round.

Peloton acquired Neurotic Media, a music marketing and distribution platform, to deliver innovate music features to its customers.

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

BIRD

"Scooter Startup Bird Raises $300 Million in Latest Funding Round"

LYFT

" Lyft Valued at $15.1 Billion After New Funding Round"

PELOTON

“Peloton Acquires Music Startup Neurotic Media"

XIAOMI

“Xiaomi Prices Hong Kong IPO at Bottom of Target Range”

Industry News Update – Week of 6/25/2018:

Last week, AppNexus was acquired by AT&T for $1.6 billion to bolster AT&T's television advertising technology.

The SEC received 164 pages of customer complaints regarding various technological shortcoming of Coinbase’s platform.

Didi Chuxing is launching its platform in Australia.

Juul recently performed a secondary sale that valued that the company at more than $10 billion.

Meituan Dianping and Survey Monkey have both filed documents for their upcoming IPOs.

SpaceX was awarded its first Falcon Heavy Contract for $130 million from the Air Force.

Uber is working to appeal the London’s transport regulator decision to withdraw its license.

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

Links

APPNEXUS

“AT&T to Acquire Digital Ad Firm AppNexus for $1.6 Billion"

COINBASE

"The SEC has Received Nearly 200 Pages of Complaints About Coinbase, the $1.6 billion Cryptocurrency Trading Platform"

DIDI CHUXING

“Didi Chuxing Continues International Expansion With Australian Launch"

JUUL

“ Juul Valued at $10B"

MEITUAN DIANPING

"China's Meituan Dianping Files for Hong Kong IPO; Seeks Over $4 billion: sources"

SURVEYMONKEY

"SurveyMonkey has Filed Confidentially to go Public"

SPACEX

“SpaceX Wins $130 Million Military Launch Contract for Falcon Heavy Rocket"

UBER

“Uber is in Court to Appeal London License Loss by Claiming it’s Changed"

Industry News Update – Week of 6/18/2018:

Last week, Adyen raised 947 million euros ($1.1 billion) in its IPO and the company was valued at $8.3 billion. Adyen’s shares closed at €455 on its first day of trading which represents a 90% increase compared to its opening share price.

Avalara raised $180 million in its IPO and the company was valued at $1.56 billion. Avalara’s shares closed at $44.94 on its first day of trading which represents a 87% increase compared to its original share price.

Bloom Energy has filed documents for its upcoming IPO.

Grab’s valuation increased to $10 billion after the company raised $1 billion in a funding round led by Toyota.

Opendoor raised $325 million in its Series E funding round.

WeWork is raising funds at a $35 billion valuation.

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

ADYEN

“PayPal Rival Adyen Surges 90 Percent in IPO with Valuation Topping $15 Billion“

AVALARA

“Tax Software Company Avalara Nearly Doubled in its First Day of Trading”

BLOOM ENERGY

“Bloom Energy Files for IPO"

GRAB

“Southeast Asia’s Grab Lands $1B From Toyota at a $10B Valuation"

OPENDOOR

"Opendoor Raises $325M to Make Buying and Selling Homes a Near-instant Process"

WEWORK

"WeWork Is Raising Funds at $35 Billion Valuation, SoftBank Executive Says"

Industry News Update – Week of 6/11/2018:

Last week, Coinbase acquired KeyStone Capital to provide blockchain-based securities as a regulated broker-dealer.

Grab announced that the company generated more than $1 billion in annual revenue.

Wish earned more than $1 billion in revenue in 2017 and stated that its revenue more than doubled every year since its inception.

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

COINBASE

"Coinbase Acquires Keystone Capital in bid to Become a Regulated Broker-dealer"

GRAB

"Ride-hailing Major Grab Reveals Annual Revenue Now Exceeds $1b”

WISH

"Shopping app Wish is Building a Retail Empire on $2 Sunglasses"

Industry News Update – Week of 6/4/2018:

Last week, Microsoft acquired Github for $7.5 billion.

Xiaomi planned to raise $3 billion in its IPO that is expected to occur in July 2018.

MachineZone appointed Kristen Dumont as the company's new CEO. She previously worked as the COO of Machine Zone. Gabriel Leydon, MachineZone's past CEO, will lead the cryptocurrency initiatives of the company’s Satori technology.

Taxify's valuation increased to $1 billion after the company raised $175 million in a funding round led by Daimler.

Lyft acquired Motivate, a bike-sharing platform, for roughly $250 million to compete with Uber’s acquisition of JUMP.

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

GITHUB

"Microsoft Confirms It Has Acquired GitHub for $7.5 billion"

LYFT

"Report: Lyft Agrees to Buy Motivate in Big Bikeshare Deal"

MACHINEZONE

"Kristen Dumont Named Chief Executive Officer of Machine Zone"

TAXIFY

“Uber's European Rival Taxify Wins Unicorn Status Raising Funds"

XIAOMI

 "China's Xiaomi Eyes $3 Billion CDRs in $10 Billion July Listing Plan: Sources"

Industry News Update – Week of 5/29/2018:

Last week, Adyen announced plans to go public in June on the Amsterdam stock exchange at a valuation between $7-$11 billion.

Rover's valuation increased to $970 million after the company raised $155 million.

Uber was holding a $600 million secondary sale at a $62 billion valuation. The company also generated $2.5 billion in revenue in Q1 2018 (a 67% increase relative to revenue in Q1 2017) and earned $304 million in net loss in Q1 2018 (roughly 50% decrease compared to net loss in Q1 2017).

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

ADYEN

"Payments Firm Adyen Plans June Listing Amid Flurry of Deals"

ROVER

"Dog-sitting Startup Rover Just Raised $155M"

UBER

"Uber’s Raising up to $600M in a Secondary Round at $62B Valuation, Q1 Sales Grew to $2.5B"

Industry News Update – Week of 5/21/2018:

Last week, Circle’s valuation increased to $3 billion after the company raised $110 million in a funding round led by Bitmain Technologies. Circle and Bitmain have partnered to create USD Coins, a digital coin backed by the US dollar, to provide more stability in the cryptocurrency sector. 

Houzz hired Richard Wong as its first CFO. Wong previously worked as the Vice President of Finance at Linkedin, Senior Director of Operations Finance at Yahoo! Inc, Vice President of Technology Investment Banking at Bank of America, Senior Manager of Corporate Development at Lucent Technologies and Investment Banking Analyst at JPMorgan.

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

CIRCLE

"Circle Says Bitmain Leads $110 Million Investment Round"

HOUZZ

“Houzz Hires Richard Wong as First Chief Financial Officer"

Industry News Update – Week of 5/14/2018:

Last week, Avalara filed its S1 and planned to raise $150 million in its IPO.

Didi Chuxing received approval to test its self-driving vehicles on the public roads of California which marks its first autonomous testing license granted in the US.

Walmart purchased a 77% stake in Flipkart for $16 billion.

Slack surpassed 8 million daily active users of which 3 million are paying users.

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

Avalara

"Fast-growing Sales Tax Automation Company Avalara Files For $150 Million IPO"

Didi Chuxing

“China’s Didi Gets Approval to Test Autonomous Cars in California"

Flipkart

“Walmart Has Confirmed it is Buying a Majority Stake in India’s Flipkart for $16 Billion"

Slack

“Slack Hits 8 Million Daily Active Users with 3 Million Paid Users"