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"

 

Pre-IPO Sector – News Update – Week of 5/27/2019

Last week, DoorDash raised $600 million at a $12.6 billion valuation.

Robinhood was raising at least $200 million at a valuation north of $7 billion.

SpaceX successfully launched its first 60 satellites as part of its Starlink project. In addition, it was revealed that the company raised $1.02 billion in funds since the beginning of the year.

DOORDASH

"DoorDash Is Now Worth $12.6 Billion After New $600 Million Investment"

ROBINHOOD

"Trading app Robinhood Preps Major Funding Round”

SPACEX

“SpaceX Launches First Batch of 60 Internet Satellites in Landmark Mission"

"Elon Musk’s SpaceX Raises over $1 Billion this Year as Internet Satellite Production Ramps Up"

Pre-IPO Sector – News Update – Week of 5/20/2019

Last week, Crowdstrike and Fiverr filed documents for their IPOs.

DoorDash was raising funds at nearly a $13 billion post-money valuation.

Fastly raised $180 million in its IPO at a $1.45 billion valuation.  

Luckin Coffee raised $561 million in its IPO at a $4.2 billion valuation.

Nextdoor raised $123 million at a $2.1 billion valuation.

CROWDSTRIKE

"Crowdstrike Files to go Public — Lost $140 Million on $250 Million in Revenue Last Year"

DOORDASH

"DoorDash Takes Aim at Nearly $13 Billion Valuation in New Funding Round"

FASTLY

"Fastly Prices IPO at $16 to Raise More than $180 Million"

FIVERR

"Fiverr Files to go Public, Reports Revenue of $75.5M and a Net Loss of $36.1M for 2018"

LUCKIN COFFEE

"Starbucks' China Challenger Luckin Raises $561 Million in U.S. IPO"

NEXTDOOR

"Neighborhood Social Network Nextdoor Raises $123 Million at $2.1 Billion Valuation"

Pre-IPO Sector – News Update – Week of 5/13/2019

Last week, Uber raised $8.1 billion and was valued at $75.50 billion in its IPO.

Unity was raising $125 million at a $6 billion valuation.

Gett raised $200 million at a $1.5 billion valuation.

Impossible Foods raised $300 million at roughly $2 billion valuation.

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

GETT

"Gett Raises $200M at $1.5B Valuation for its B2B Ride-hailing Service, Aims For 2020 IPO"

IMPOSSIBLE FOODS

"Exclusive: Impossible Foods Raises $300 Million with Investors Eager for Bite of Meatless Burgers"

UBER

"Uber Raises $8.1 Billion in IPO Priced Near Bottom of Range"

UNITY

"Game Development Platform Unity Raising Funding at $6 Billion Valuation"

Pre-IPO Sector – News Update – Week of 5/6/2019

Last week, The We Company filed documents for its IPO.

Beyond Meats raised roughly $240 million in its IPO at a $1.5 billion valuation.

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

BEYOND MEATS

“Beyond Meat Prices IPO at $25 a Share, Valued at Almost $1.5 Billion”

WEWORK

“The We Company, Better Known as WeWork, Files Confidentially for IPO”

Pre-IPO Sector – News Update – Week of 4/29/2019

Last week, Slack filed its S1 for its upcoming direct listing.

Uber set its price range of $44-50 per share for its upcoming IPO.

Coursera raised $103 million at a valuation greater than $1 billion.

Keeptruckin raised $149 million at $1.25 billion valuation.

Magic Leap raised $280 million at an unknown valuation.

SoFi was closing a $500 million funding round that would result in the company's valuation to stand at $4.3 billion.

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

COURSERA

"Online Learning Startup Coursera Picks up $103M, Now Valued at $1B+"

KEEPTRUCKIN

"GV-backed KeepTruckin Nabs $149M at $1.25B Valuation"

MAGIC LEAP

"Magic Leap Raises $280 Million in Latest Funding Round"

SLACK

"Slack IPO Filing Shows Sharp Revenue Growth but Continued Losses"

SOFI

"SoFi is Close to Closing a $500 Million Round — Which Would put it at a $4.3 Billion Valuation Again"

UBER

"Uber to Price IPO Between $44 and $50 per Share"

Pre-IPO Sector – News Update – Week of 4/22/2019

Last week, Pinterest raised $1.4 billion in its IPO at a $10.1 billion valuation.

Zoom raised roughly $750 million in its IPO at a valuation greater than a $9 billion.

Fastly filed documents for its IPO.

Pax Labs raised $420 million at a $1.7 billion valuation.

Following its spin out from its parent company Uber, Uber ATG raised $1 billion at a $7.25 billion valuation.

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

FASTLY

"Fastly, the content delivery network, files for an IPO"

PAX LABS

"Confirmed: Pax Labs raises $420 million at a valuation of $1.7 billion"

PINTEREST

"Pinterest Tops Targeted IPO Range to Raise $1.4 Billion"

UBER

"Uber’s self-driving car unit raises $1B from Toyota, Denso and Vision Fund ahead of spin-out"

ZOOM

"Profitable Zoom Video Tops $9 Billion Valuation After IPO"

 

Pre-IPO Sector – News Update – Week of 4/15/2019:

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

Udacity laid off 20% of its workforce to restructure its operations.

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

UBER

“Uber IPO Filing Shows Growth Leveling Off”

UDACITY

“Udacity Restructures Operations, Lays off 20 Percent of its Workforce”

Pre-IPO Sector – News Update – Week of 4/8/2019:

Last week, Kabbage raised $700 million in debt to fund its SMB loans.

Pinterest set its price range of $15-17 per share for its upcoming IPO.

WeWork purchased Managed by Q, a platform used to hire on-demand service workers, to add support services for its customers.

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

KABBAGE

"Kabbage Raises a Record $700 Million in Debt for its SMB Loans Platform"

PINTEREST

"Pinterest Sets IPO Range at $15-17, Valuing it at $10.6B vs Previous Valuation of $12.3B"

WEWORK

"WeWork Acquires $249 Million Office-services Startup Managed by Q as it Goes After Larger Business Customers"

 

Pre-IPO Sector – News Update – Week of 4/1/2019:

Last week, Lyft raised $2.34 billion and was valued at $24.3 billion in its IPO.

Airbnb invested between $100-200 million in OYO rooms. 

Palantir was awarded a $800 million army contract to assess movements, terrain, and weather in remote areas using its Distributed Common Ground System.

Uber purchased Careem, a Middle Eastern ride sharing service, for $3.1 billion.

WeWork generated $1.8 billion in 2018 which represents a 103% increase compared to its 2017 revenue. The company's net loss increased to $1.9 billion in 2018.

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

 AIRBNB

"Airbnb to Invest $100-200 Million in India's OYO - Source"

CASPER

“Mattress Startup Casper Valued at $1.1B with New Funding”

LYFT

“Lyft Was Valued at $24.3 Billion in its IPO, and Raised More Than it Planned”

PALANTIR

“Palantir has Won an $800 Million Contract with the US Army to Build a System that Helps Soldiers Fighting in Remote Areas”

TOAST

"Toast, the Restaurant Management Platform, has Raised $250M at a $2.7B Valuation"

UBER

"Uber Buys Rival Careem in $3.1 Billion deal to Dominate Ride-hailing in Middle East"

WEWORK

"WeWork says Revenue More than Doubled Last Year to $1.8 Billion, but so did its Net Loss"

 

Pre-IPO Sector – News Update – Week of 3/25/2019:

Last week, Pinterest and Zoom filed to go public.

Glossier, UiPath, Rent the Runway and Opendoor raised new funds. Glossier's valuation increased to $1.2 billion after the company raised $100 million. Following its $400 million funding round, UiPath's valuation surpassed $7 billion. Rent the Runway's valuation increased to $1 billion after the company raised $125 million. Following its $300 million funding round, Opendoor's valuation increased to $3.8 billion.

Wish generated $1.9 billion in revenue in 2018.

Peloton was sued by music publishers for $150 million for using unlicensed music.

Robinhood acquired MarketSnacks, a financial podcast and newsletter, to enhance its news coverage and increase discovery within its platform.

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

GLOSSIER

“Glossier Triples Valuation, Enters Unicorn Club With $100M Round"

Opendoor

"Opendoor Raises $300M On A $3.8B Valuation For Its Home Marketplace"

Peloton

"Music Publishers Sue Peloton For Using Unlicensed Lady Gaga, Justin Timberlake Songs"

Pinterest

"Pinterest Is Growing, But Not As Fast As Twitter Or Snap Were When They Filed Their Ipos"

Rent the Runway

"Rent The Runway Hits A $1 Billion Valuation"

Robinhood

"Exclusive: Robinhood Made Its First Acquisition Ever — And It’s A Financial Newsletter"

Wish

"Meet The Billionaire Who Defied Amazon And Built Wish, The World’s Most-Downloaded E-Commerce App"

UiPath

"Robotics Process Automation Startup Uipath Raising $400M At More Than $7B Valuation"

Zoom

"Hot Video Meeting Startup Zoom Filed To Go Public, And It's Profitable"

Pre-IPO Sector – News Update – Week of 3/11/2019:

Last week, 23andMe expanded the scope of its product offerings to include a Type 2 diabetes test.

Airbnb purchased HotelTonight, the popular last minute hotel booking app, to expand its business in the hotel vertical.

Grab's valuation increased to $14 billion after the company raised $1.46 billion.

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

23ANDME

"23andMe Plans New Genetic Test on Risk of Getting Diabetes"

AIRBNB

“Airbnb To Buy HotelTonight As It Pushes Deeper Into Hotel Booking Business"

GRAB

"Grab is Now Valued at $14 Billion after Landing $1.46 Billion From SoftBank’s Vision Fund"

Pre-IPO Sector – News Update – Week of 3/4/2019

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

Medallia's valuation increased to $2.4 billion after the company raised $70 million.

SpaceX successfully launched its first test flight of its unmanned Dragon vehicle.

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

LYFT

"Lyft, No. 2 In Rideshare Market, Offers Financial Details For Upcoming IPO"

MEDALLIA

"Sequoia-backed Medallia Raises $70M at a $2.4B Valuation"

SPACEX

"SpaceX and NASA Launch Is First Step to Renewed Human Spaceflight"

Pre-IPO Sector – News Update – Week of 2/25/2019

Last week, DoorDash's valuation increased to $7.1 billion after the company raised $400 million.

Lime hired Ted Tobiason as its first CFO. Tobiason recently worked as a Managing Director at Morgan Stanley, Managing Director at Deutsche Bank and the Head of Technology Equity Capital Markets at Bank of America.

Ola received $92 million from Sachin Bansal, Flipkart's co-founder.

Pinterest filed documents to go public.

SoFi launched its SoFi Invest product offering which allows its customers to invest actively or automatically with no-fees.

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

DOORDASH

“DoorDash Raises $400M Round, now Valued at $7.1B”

LIME

“Lime Hires its First CFO"

OLA

"Flipkart Co-founder Sachin Bansal Invests Rs 650 Crore in Ola"

PINTEREST

"Pinterest Files Confidentially for IPO"

SOFI

"SoFi Launches SoFi Invest and Eyes Additional Lending Products"