Late Stage Mature Pre IPO Unicorns - PreIPOSwap.com

In Alarming Escalation, Beijing Blocks Didi App From Stores Two Days After Blockbuster IPO

from ZH One day ahead of this week’s blockbuster DIDI IPO in which the Chinese Uber sold at the top of its $13-14 range, broke for trading at $16.75 then tumbled only to rebound on Thursday, we warned readers that this is one they want to stay away from as a result of Beijing’s aggressive intervention in[…]

Job Site Handshake Joins Unicorn Board With $80M Series E

from crunchbase San Francisco-based Handshake, a job service aimed at college students, announced its Series E funding of $80 million led by prior investors Spark Capital and Lightspeed Venture Partners valuing the company at more than $1.5 billion. This funding comes within seven months of its Series D in October 2020. That round was also $80 million, valuing the company at[…]

The Briefing: Paymentus And Flywire Price IPOs, Perch Secures $775M, And More

from crunchbase Payments companies Paymentus and Flywire price IPOs The payments space is heating up further, as two companies in the sector priced U.S. IPOs for shares slated to begin trading today. Boston-based Flywire, which provides payment processing software to education, health care and technology companies, priced shares at $24, the high end of the projected[…]

The Briefing: Paymentus, Marqeta File For IPOs, AT&T Plans Spinoff, And More

From crunchbase news Paymentus files to raise up to $241.5M in IPO Bill payment platform Paymentus has filed to go public, seeking to raise up to $241.5 million, per its IPO prospectus. The Redmond, Washington-headquartered company posted revenue of $302 million in 2020, up 28 percent year over year, along with $13 million in net income.  Its largest[…]

The Market Minute: Tough Market Conditions Have Squeezed The IPO Window, But The Pipeline Remains Robust

From crunchbase news We’re almost halfway through the year, and the current market for IPOs is far from where it was when 2021 began. Reports of inflation spurred a far-reaching stock selloff last week, with tech stocks in particular being hit hard. That, in turn, has led to an expected slowdown for IPOs in the[…]

Top 11 new US unicorns by post-money valuation

From Pitchbook National Unicorn Day was April 9, but “time” is a tricky concept in 2021—and we missed it. Even though Unicorn Day 2021 is in the rearview, the topic is always relevant and worth exploring. As a refresher, unicorn companies are privately held startups that are valued at more than $1 billion. As of March 2021[…]

Thrasio raises $750M more in equity for its Amazon roll-up play

From TC The Amazon Marketplace roll-up play is well and truly underway. In the latest development, Thrasio — one of the biggest and earliest movers in the market to consolidate third-party sellers on the platform, with the promise to provide better economies of scale to manage and grow those businesses — announced that it has raised another $750[…]

Growth Firms, Not VCs, Are The Most Active Investors In New Unicorns This Year, And They’re Doubling Down

From Crunchbase News An unprecedented number of companies have joined Crunchbase’s private company unicorn board already this year: Less than halfway into 2021 there are 166 new companies, compared to 163 for the whole of 2020. Subscribe to the Crunchbase Daily Based on our analysis, New York-based private equity firm Tiger Global Management is the most active investor[…]

21 Early-Stage Drone Companies To Watch Out For (Literally)

From Crunchbase News Drones have transformed from nuisance-causing toys into image services for construction businesses and agricultural companies, and more. Follow Crunchbase News on Twitter & Facebook Over the past eight years, drone companies have raised a known total of nearly $1.76 billion dollars, with almost $500 million of that funding being raised in 2017 and $96.6 million[…]

Druva raises $147M at a valuation north of $2B as the cloud rush continues

From TC Druva, a software company that sells cloud data backup services, announced today that it has closed a $147 million round of capital. Caisse de dépôt et placement du Québec (CDPQ), a group that manages Quebec’s pension fund, led the round, which also saw participation from Neuberger Berman. Prior investors including Atreides Management and Viking[…]