Pre-IPO Sector – News Update – Week of 10/14/2019

Last week, Postmates shelved filing its S-1 citing choppy IPO market conditions.

Paytm was raising $2 billion at a $16 billion valuation.

Robinhood released its new Cash Management feature that allows its users to earn interest (2.05% APY) on uninvested funds in their account that they can spend using their Mastercard debit card.

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

PAYTM

"Paytm Nears $2 Billion From Backers Including SoftBank, Ant"

POSTMATES

"Why We’re Still Waiting on the Postmates S-1"

ROBINHOOD

"Robinhood Revives Checking with New Debit Card & 2% Interest"

 

Pre-IPO Sector – News Update – Week of 10/7/2019

Last week, Bird raised $275 million at a $2.5 billion valuation.

Juul’s valuation was marked down to $24 billion by Darsana due to several impending regulatory issues.

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

BIRD

“Bird raises $275 million Series D round at a $2.5 billion valuation”

JUUL

“ E-cigarette maker Juul’s value slashed to $24 billion by hedge fund investor, WSJ says”

Pre-IPO Sector – News Update – Week of 9/30/2019

Last week, Juul’s CEO, Kevin Burns, was replaced by K.C. Crosthwaite, who was previously the chief growth officer at Altria.

WeWork’s CEO, Adam Neumann, stepped down following WeWork’s decision to postpone its IPO.

Peloton raised $1.16 billion at a valuation greater than $8 billion in its IPO.

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

JUUL

“Juul CEO is Out, and It Stops All Advertising as Vaping Crisis Escalates“

PELOTON

"Peloton Prices IPO at $29 Per Share"

WEWORK

"WeWork’s Adam Neumann Steps Down as CEO"

Pre-IPO Sector – News Update – Week of 9/23/2019

Last week, Automattic raised $300 million at a $3 billion valuation.

GitLab raised $268 million at a $2.75 billion valuation.

Palantir was raising between $1 billion to $3 billion in a new funding round at a valuation greater than $26 billion.

Postmates raised $225 million at a $2.4 billion valuation.

Stripe was raising roughly $250 million at a $35 billion pre-money valuation.

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

AUTOMATTIC

“Automattic raises $300 million at $3 billion valuation from Salesforce Ventures”

GITLAB

"GitLab hauls in $268M Series E on 2.75B valuation"

PALANTIR

"Palantir to seek at least $26 billion valuation in fundraising push"

POSTMATES

"Food-delivery startup Postmates is expected to go public very soon, but that didn't stop it from raising $225 million in new funding"

STRIPE

"Payments giant Stripe is raising another $250M at a $35B pre-money valuation"

Pre-IPO Sector – News Update – Week of 9/16/2019

Cloudflare raised $525 million at a $4.40 billion valuation in its IPO.  

Shape Security raised $51 million at roughly a $1 billion valuation.

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

CLOUDFLARE

“Cloudflare surges in trading debut after raising $525 million in IPO (NET)“

SHAPE SECURITY

“ Shape Security hits $1B valuation with $51M Series F“

Pre-IPO Sector – News Update – Week of 9/9/2019

Getaround raised $200 million at a $1.70 billion valuation.

Stripe launched its new loan product offering known as Stripe Capital.

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

GETAROUND

“Carsharing startup Getaround reportedly raising $200M At $1.7B Valuation“

STRIPE

“Stripe launches Stripe Capital to make instant loan offers to customers on its platform“

 

Pre-IPO Sector – News Update – Week of 9/3/2019

Last week, Peloton filed its S1 for its upcoming IPO.

Coursera acquired Rhyme Softworks, a platform that allows users to develop e-learning projects, to support its new Coursera Labs offering.

Kabbage acquires Radius Intelligence, a SMB (small medium business) marketing firm, to expand its SMB database.

WeWork purchase Spacious, a startup that converts restaurants into workspaces.

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

COURSERA

"Coursera makes its first acquisition, Rhyme Softworks, to power new Coursera Labs offering"

KABBAGE

“Kabbage acquires Radius Intelligence, the marketing tech firm with a database of 20M small businesses"

PELOTON

"Peloton (finally) drops Its S-1, revealing sharply rising revenue and net losses"

WEWORK

“WeWork picks up rival coworking company Spacious“

Pre-IPO Sector – News Update – Week of 8/26/2019

DoorDash acquired Scotty Labs, a developer of autonomous and remote control technology.

Knotel raised $400 million at a valuation greater than $1 billion.

Megvii filed to go public on the Hong Kong exchange.

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

DOORDASH

“DoorDash takes another step toward automated food delivery

KNOTEL

“ Workspace provider Knotel secures $400M, putting it in WeWork’s rear-view mirror“

MEGVII

“ Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong“

 

 

 

Pre-IPO Sector – News Update – Week of 8/19/2019

Cloudflare and WeWork filed their S1s for their upcoming IPOs.

Juul raised $325 million in a debt and equity funding round to spreadhead its global growth.

Scoop raised $60 million in its Series C funding round.

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

CLOUDFLARE

"Cloudflare files for initial public offering"

JUUL

"Juul raises $325 million in equity and debt financing for global expansion"

SCOOP

"Scoop secures $60 million in Series C funding led by Activate Capital to drive continued growth"

WEWORK

"WeWork reveals IPO filing"

 

Pre-IPO Sector – News Update – Week of 8/12/2019

Last week, Airbnb acquired Urbandoor, a platform that offers extended rental lodging and relocation for professionals, to solicit more business from corporate travelers.

Klarna raised $460 million at a $5.5 billion valuation.

Proterra was raising $75 million at a valuation greater than $1 billion.

Robinhood received a United Kingdom broker license.

Wheels Up raised $128 million at a $1.1 billion valuation.

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

AIRBNB

“Doubling down on business travelers, Airbnb acquires Urbandoor”

KLARNA

“ Klarna raises $460 million, looks to expand its payments presence in the US”

PROTERRA

"Electric Unicorn: Bus Maker Proterra May Hit $1 Billion Valuation With New Funding Round"

ROBINHOOD

"It’s about time: Robinhood is entering the UK"

WHEELS UP

“Private aviation start-up Wheels Up valued at $1.1 billion in latest funding round”

 

Pre-IPO Sector – News Update – Week of 8/5/2019

Last week, Compass raised $370 million at a $6.4 billion valuation.

DoorDash acquired Caviar, a restaurant delivery service, for $410 million.

DigitalOcean appointed Yancey Spruill as its new Chief Executive Officer and Bill Sorenson as its new Chief Financial Officer.

Roblox reached 100 million monthly active users.

WeWork acquired SpaceIQ, a software firm that assists companies in efficiently utilizing office space.

Wish raised $300 million at a $11.2 billion valuation.

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

COMPASS

"Real estate platform Compass raises another $370M on a $6.4B valuation en route to an IPO"

DOORDASH

"DoorDash is buying food delivery service Caviar for $410 million"

DIGITAL OCEAN

"DigitalOcean Appoints New CEO and CFO to Position Company for Its Next Phase of Growth"

ROBLOX

"Roblox hits 100 million monthly active users"

WEWORK

"WeWork is in talks to acquire start-up SpaceIQ as it pushes into software ahead of IPO"

WISH

"Wish Valuation Rises to More Than $11 Billion Following Series H Financing Led by General Atlantic"

Pre-IPO Sector – News Update – Week of 7/29/2019

Last week, Bird was raising funds at a $2.5 billion valuation.

Robinhood raised $323 million at a $7.6 billion valuation.

SpaceX's Starship prototype achieved a successful test flight.

Didi Chuxing raised $600 million from Toyota.

Nubank raised $400 million at a valuation greater than $10 billion.

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

BIRD

“Bird is raising a Series D round led by Sequoia at $2.5 billion valuation”

DIDI CHUXING

“Toyota invests $600 million in Didi, with the two setting up a new joint venture for driver services”

NUBANK

“Brazil fintech Nubank raises $400 million in round led by TCV”

ROBINHOOD

“Robinhood, the no-fee stock trading app, just announced a giant-size $323 million round of funding, making it worth over $7 billion”

SPACEX

“SpaceX’s Starship prototype aces first untethered hop test”

Pre-IPO Sector – News Update – Week of 7/22/2019

Last week, Medallia raised $326 million in its IPO at roughly a $2.5 billion valuation.

Turo raised $250 million at a valuation greater than $1 billion.

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

MEDALLIA

"Medallia Shares Price At $21 In IPO, Higher Than Expected”

TURO

"Peer-to-peer Car-sharing Marketplace Turo Raises $250M at Over $1B Valuation From IAC"

 

Pre-IPO Sector – News Update – Week of 7/15/2019

Last week, Bird was attempting to raise $300 million since the company only has $100 million in cash.  It was revealed that the company generated $15 million with a net loss of roughly $100 million in Q1 2019.

Postmates hired Qatalyst Partners to explore an M&A exit to DoorDash, Walmart or Uber.

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

BIRD

“Bird’s Leaked Numbers Detail The High Price Of Scooter Growth”

POSTMATES

“Postmates Has Explored a Sale to Uber or DoorDash Instead of Going Public”

Pre-IPO Sector – News Update – Week of 7/8/2019

Last week, Kabbage raised $200 million in a revolving credit loan. 

WeWork was planning to raise $3 billion to $4 billion in debt before going public.

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

KABBAGE

“ Kabbage Secures $200M to Fuel its AI-based Loans Platform for Small Businesses”

WEWORK

“WeWork is Looking to Raise up to $4 Billion in Debt Ahead of its IPO: Source”

Pre-IPO Sector – News Update – Week of 7/1/2019

Last week, The RealReal raised $300 million in its IPO at a $1.6 billion valuation.

Carbon raised $260 million at a $2.4 billion valuation.

SpaceX was raising more than $300 million in a new funding round.

WeWork acquired Waltz, a mobile app developer that allows workers to enter their work places using their smartphones, in an effort to do away with keycards.

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

CARBON

"3D Printing Platform Carbon Raises $260 Million at $2.4 Billion Valuation"

THEREALREAL

“Luxury Reseller The RealReal Rises After $300 Million IPO”

SPACEX

"SpaceX Reportedly Seeking Over $300M in Fresh

Funding"

WEWORK

"WeWork Acquires Building Access App Developer Waltz"

 

Pre-IPO Sector – News Update – Week of 6/24/2019

Last week, Slack achieved a market cap of more than $20 billion following its first day of trading in its IPO debut.

Optimizely raised $55 million in debt and $50 million in equity in its Series D round at a $600 million valuation.

InsideSales.com appointed Chris Harrington as its new CEO. Harrington was previously the company's COO.

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

INSIDESALES.COM

"InsideSales.com Names Chris Harrington Chief Executive Officer"

OPTIMIZELY

"Optimizely Raises $50M Series D Round for Its Experimentation Platform"

SLACK

"Slack’s Value Rockets as Stock Closes up 48.5% In Public Debut"

Pre-IPO Sector – News Update – Week of 6/17/2019

Last week, Bird acquired Scoot, a provider of electric bikes and scooters. 

Brex raised $100 million at a $2.6 billion valuation.

Crowdstrike raised $612 million in its IPO at a $6.69 billion valuation.

Face++ raised $750 million at a $4 billion valuation.

Fiverr raised $110 million in its IPO at a $650 million valuation.

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

BIRD

"Bird Confirms Acquisition of Scoot"

BREX

"Two-Year Old Startup Brex Now Has A $2.6 Billion Valuation"

CROWDSTRIKE

"CrowdStrike Raises $612 Million in IPO"

FACE++

"Chinese AI start-up Megvii Raises $750 Million Ahead of Planned HK IPO "

FIVERR

"Fiverr to List on NYSE Today at $650m Value"

Pre-IPO Sector – News Update – Week of 6/10/2019

Last week, Looker was acquired by Google for $2.6 billion.

Peloton filed documents for its upcoming IPO.

Thumbtack raised $120 million in its Series H funding round at an estimated $1.3 billion valuation.

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

LOOKER

"Google to Acquire Big Data Analytics Company Looker for $2.6 Billion"

PELOTON

"Exercise-Bike Maker Peloton Files Confidentially for IPO"

tHUMBTACK

"Thumbtack is raising up to $120M on a flat valuation"

Pre-IPO Sector – News Update – Week of 6/3/2019

Last week, Brex was raising new funds at a $2 billion valuation.

CrowdStrike set its price range of $19-23 per share for its upcoming IPO.

WeWork was having discussions with JPMorgan Chase & Co and other lenders to raise $2.75 billion in debt.

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

BREX

"Less Than 1 Year After Launching its Corporate Card for Startups, Brex eyes $2B Valuation"

CROWDSTRIKE

"CrowdStrikes Sets IPO Terms, Targets Valuation Between $3.7B And $4.5B"

WEWORK

"WeWork Looking for $2.75 Billion Credit Line Ahead of IPO: Bloomberg"