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Spotify reports strong user growth as it is raising subscription price

Spotify reports strong user growth as it is raising subscription price
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
July 26, 2023

What We're Reading

  • Spotify reports strong user growth as it is raising subscription price [TechCrunch] 
  • WhatsApp expands its Channels feature for broadcasting to seven more countries [TechCrunch] 
  • Apple targeted in App Store antitrust damages suit that’s seeking $1BN+ for UK developers [TechCrunch] 
  • Amazon lowers its iRobot purchase price by 15% amid regulatory scrutiny [TechCrunch] 

Trending Companies


Preply, a company offering an online learning platform connecting more than 40,000 bookable tutors, raises $42MM Series C from Horizon Capital.

EdTech • Brookline, MA • Post-Money Valuation


Skillit, a company that provides recruitment, retention and intelligence platform for the construction industry, raises $8.5MM Equity Funding from MetaProp.

Human Resources • New York, NY • Post-Money Valuation


Aeroseal, a climate tech company lowering carbon emissions from residential and commercial buildings, raises $67MM Series B from Breakthrough Energy Ventures.

Climatetech • Miamisburg, OH • Post-Money Valuation


Colleen AI, a provider of an AI-powered, integrated platform solution optimizing rent and debt collections for multifamily property managers and residents, raises $3.5MM Seed from Wilshire Lane Capital.

PropTech • Daytona Beach, FL • Post-Money Valuation


Whop, a company that developed an online marketplace, raises $17MM Series A from Insight Partners.

E-Commerce • Brooklyn, NY • Post-Money Valuation


Seven Sundays, a manufacturer of cereal from gluten- or grain-free ingredients, raises $6MM Equity Funding from Sidekick Partners.

Food • Minneapolis, MN • Post-Money Valuation


MYND, a tech-enabled real estate company that provides an online platform that assists investors with finding and managing single-family rentals, raises $30MM Equity Funding from Invesco.

Property Management • Oakland, CA • Post-Money Valuation


PingSafe, a developer of a cloud security platform with a knowledge of the attackers' modus operandi, raises $3.3MM Seed from Sequoia Capital India.

Cyber Security • San Francisco, CA • Post-Money Valuation


Karat Financial, a company that offers credit cards for creators, raises $40MM Series B SignalFire.

Personal Finance • Los Angeles, CA • Post-Money Valuation


Risc Zero, a company using zero-knowledge (zk) technology to create a scalable blockchain, raises $40MM Series A from Blockchain Capital.

Web3 • Seattle, WA • Post-Money Valuation


Vital Connect, a medtech firm that develops wearable biosensor technology designed to continuously monitor and record patient's vital signs, raises $30MM Series F from Revelation Partners.

Monitoring • San Jose, CA • Post-Money Valuation


The Wound Company, a company that provides wound and ostomy care, raises $4.25MM Seed from Susa Ventures.

Health Care • Minneapolis, MN • Post-Money Valuation


o9 Solutions, a company developer of a cloud-based business planning and management platform intended to transform enterprise decision-making, raises $116MM Equity Funding from BeyondNetZero.

Supply Chain Management • Dallas, TX • Post-Money Valuation


Cognaize, a company that developed an intelligent document processing solution that automates unstructured data with hybrid intelligence, raises $18MM Series A from Argonautic Ventures.

Software • New York, NY • Post-Money Valuation


Tietoevry acquires MentorMate, a company that provides custom software development services and solutions.

Software Development • Minneapolis, MN • Deal


KKR to acquire Chase Corporation, a specialty chemicals company that manufactures protective materials for high-reliability applications.

Coatings • Westwood, MA • Deal


Truckstop acquires FreightFriend, a firm that develops logistics software that offers carrier relationship management systems for transportation.

SaaS • Chicago, IL • Deal


Mastek to acquire BizAnalytica, a firm that provides data cloud and modernization solutions.

IT Consulting • Londonderry, NH • Deal


Alba Wheels Up acquires VT Mancusi, a firm that offers customs brokerage and trade compliance services.

Brokerage • Lawrence, NY • Deal


Kearney acquires Silicon Foundry, a consulting firm intended to help companies navigate new technologies and market shifts and engage with the global innovation ecosystem.

Advisory • San Francisco, CA • Deal


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