From Crunchbase News: Joanna Glasner September 27, 2022 When the Soviet Union splintered into separate nations in the early 1990s, it contained exactly zero hubs for venture-backed tech startups. Three decades later, of course, the picture is quite different. Metro areas in multiple former Soviet countries now have a rich concentration of tech founders. Capital[…]
From Crunchbase News This is a weekly feature that runs down the week’s top 10 funding rounds in the U.S. Check out last week’s biggest funding rounds here. August was slow, but if the first full week of September is a harbinger, things may be picking up. Several U.S.-based startups saw large rounds this week, with[…]
From Pitchbook: Falling valuations in public and private markets have put added pressure on the pace of private equity exits, which slowed in Q2 2022 for the second consecutive quarter. PE firms chose to hold on to portfolio companies longer, instead of selling their investments at unattractive prices. During Q2, sponsors exited $94.5 billion in[…]
From Generalist Tiger Global is venture capital’s winning machine. Actionable insights If you only have a couple of minutes to spare, here’s what investors, operators, and founders can learn about Tiger Global. We may be earlier than we thought. Tiger’s current private market thesis is simple: we are still in the opening stages of the[…]
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[…]
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[…]
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[…]
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[…]
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[…]
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[…]