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"