Pre-IPO Sector News Update

September 21, 2020

  • Last week, Snowflake raised $3.36 billion its its IPO at a $33 billion valuation.

  • Unity raised $1.3 billion in its IPO at a $13.7 billion valuation.

  • Affirm raised $500 million in its Series G round.

  • Chime raised $485 million in its Series F round at a $14.5 billion valuation.

  • Dataminr hired Nella Domenici as its new CFO. Domenici previously worked at Bridgewater Associates and Credit Suisse.

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Kirat Lall
Pre-IPO Sector News Update

September 14, 2020

  • Last week, Airtable raised $185 million at a $2.58 billion valuation.

  • Tiktok was having advanced discussions to be acquired by Oracle.

  • Klarna was in talks with investors to raise a new funding round at a valuation greater than $10 billion.

  • Zymergen raised $300 million in its Series D round.

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Kirat Lall
Pre-IPO Sector News Update

September 8, 2020

  • Last week, Optimizely was acquired by Episerver.

  • Robinhood was under civil fraud investigation from the SEC for failure to disclose that the company sold customers’ orders to high-speed trading firms.

  • Wish filed documents for its upcoming IPO

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Kirat Lall
Pre-IPO Sector News Update

August 24, 2020

  • Kabbage was acquired by American Express.

  • Palantir’s leaked S1 revealed several insights into the company’s financials. The company generated $742 million in revenue in 2019 (25% increase compared to 2018 revenue) with a net loss of $580 million in 2019 (similar to 2018 net loss).

  • Robinhood raised $200 million at a $11.2 billion valuation.

  • SpaceX raised $1.9 billion at a $46 billion valuation.

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Kirat Lall
Rainmaker Securities, LLC Ranks No. 1948 on the 2020 Inc. 5000 With Three-Year Revenue Growth of 217 Percent

NEW YORK, August 12, 2020 – Inc. magazine today revealed that Rainmaker Securities, LLC is No. 1948 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

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Dominic Cioffi