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Four Emerging Industries of 2021

Four Emerging Industries of 2021
February 16, 2021

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This year’s top emerging industries truly were shaped by the events of 2020. From shifts in new laws to the increasing interest in biotechnology, our selection of emerging industries of 2021 shouldn’t be shocking but still something we want to review with our readers. 

With more states approving cannabis legalization in the November 2020 election, the doors for cannabis startups will only open further with the Biden administration, which has already publicly stated its support for cannabis decriminalization. As COVID-19 is reducing economic activity in many US cities, cannabis sales, especially for recreational use, are an opportunity to help fill in budget gaps for many governments with New York’s Governor Cuomo already announcing plans to legalize.

In the last 2.5 months alone, the biotechnology industry has raised $3BN+ in funding, with rounds as large as $900MM in one case. Even despite the Theranos scandal, the advancement & possibilities of biotechnology, and the need for biotech in the wake of the pandemic, mean investors are more than willing to pour money into future products and services. Some recent mega-rounds include Tessara Therapeutics, Beam Therapeutics, EQRx, Affinivax, and Pacific BioSciences of California

Sustainability-driven businesses
Sustainability continues to be a trend, as it has been for the last few years. In addition to being good for the environment, businesses that are socially responsible will be even more likely to beat the competition in the future. While not entirely an industry, sustainability companies are making sure they are building an inclusive and sustainable business by undergoing certification as B corporations. These companies are now emerging as winners for investors, their customers, and as employers of human talent.

Telehealth, fast-forwarded by the pandemic, has allowed many of us to dismiss an average cold through over-the-counter medication with a simple video consultation right from the comfort of home. As digital health becomes easier to access, it’s no surprise that investments have poured into telehealth and healthcare startups with many megadeals of $100M+. As more health companies like Sharecare and Clover Health are exiting via SPAC, the telehealth or digital health sector growth does not seem to be slowing down.

Is cannabis old news already? 
Psilocybin or “magic shrooms” may be the “new pot.”
[Read More]
Ride-hailing companies' revenue drops
Uber and Lyft are optimistic that 2021 will be a better year, after 2020 proved to be hell for both ride-hailing services.
[Read More]
Since last week, PrivCo has added:
204,553 Companies |  181 Funding Activities |  169 M&A Deals

Funding & Deal Highlights:

Public Holdings raises $200MM
Fintech Software & Internet Services • Equity • New York, NY

Zocdoc raises $150MM led by Francisco Partners
Telehealth Software & Internet Services • Equity • New York, NY

Branded raises $150MM led by Target Global Ventures
E-Commerce Software & Internet Services • Equity • New York, NY raises $100MM led by Ontario Teachers Pension Plan
Automotive Software & Internet Services • Round C • Fremont, CA

David Energy raises $19MM
Utilities • Equity • Brooklyn, NY

Beam Organics raises $5MM
Consumer Products • Round A • Rockland, MA

Ushur raises $5MM
Enterprise Software & Internet Services • Round B • Santa Clara, CA

Vendia raises $15.5MM led by Canvas Ventures
Data Integration Software & Internet Services • Round A • San Francisco, CA

Fabric raises $43MM led by Norwest Venture Partners
E-Commerce Software & Internet Services • Round A •  Bellevue, WA

Armis raises $125MM led by Brookfield Asset Management 
Cyber Security Software & Internet Services • Round D • Palo Alto, CA

InEvent raises $2MM led by Storm Ventures
Events Software & Internet Services • Seed • New York, NY

Goody Technologies raises $4MM
E-Commerce Software & Internet Services • Seed • Miami, FL

Monte Carlo raises $25MM led by Accel Partners
Big Data Software & Internet Services • Round B • San Francisco, CA

Dm Moore Group acquires Worcester Envelope Company
Paper Products • Acquisition• Auburn, MA

ClickDimensions acquires Eletype
Software & Internet Services • Acquisition • Atlanta, GA

Datadog acquires Sqreen
Networking Software & Internet Services • Acquisition • San Francisco, CA

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