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Happy International Women’s Day 🚺

Happy International Women’s Day 🚺
March 8, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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International Women’s Day is a day celebrating women’s achievements. The theme for this year is choose to challenge, emphasizing the choice to challenge for change. In 2021, the world is still far from a gender-equal world, and sharing information about the need for change is critical. Unfortunately, the pandemic has affected women more than men, as women play a disproportionate role as frontline healthcare workers and as caregivers at home. Unpaid women’s care work has increased due to school closures as well as increased elderly care. Women have also been harder hit in their pocket books by the economic downtown caused by COVID-19.

How to forge a gender equal world?
Much more work that needs to be done to empower females for a future gender-equal world. Of the 560+ startups that went public in the last 12 months, only three were women-founded. The private company space has not made better strides either. 

  • In PrivCo’s latest research on diversity, we discovered that companies founded or led by women in the C-suite raised $2.6BN less in 2020 compared to the previous year, or an 11.9% drop.
  • Funding for women leaders and founders covered only 13.4% of all funding in 2020. 
  • The number of companies that raised funding dropped by 44.9%. 
  • However, on a positive note, companies who raised funds raised $7MM on average more than they did the year before. 

Get more statistics on private company of minority groups, including women, in PrivCo’s report Funding Diversity.

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Since last week, PrivCo has added:
582 Companies | 210 Funding Activities | 138 M&A Deals

Funding & Deal Highlights:

ChurnZero raises $250MM 
Automation Software & Internet Services • Round B • Arlington, VA

Jungle Scout raises $110MM led by Summit Partners
E-Commerce Software & Internet Services • Equity • Austin, TX

Papaya Global raises $100MM led by Greenoaks Capital Partners
FinTech Software & Internet Services • Round C • New York, NY

EGenesis raises $125MM 
Biotechnology • Equity • Somerville, MA

Dispatch Health raises $200MM led by Tiger Global Management
Health Care Providers • Round D • Denver, CO

Caribou Biosciences raises $$115MM led by multiple investors
Biotechnology • Round C • Berkeley, CA

Amunix Pharmaceuticals raises $117MM led by Viking Global Investors
Biotechnology • Round B • Mountain View, CA

Clari raises $150MM led by Silver Lake Partners
Analytics Software & Internet Services • Round E • Mountain View, CA

Rollick Outdoor raises $8.5MM 
RV Software & Internet Services • Equity • Austin, TX

Reperio Health raises $6MM co-led by Rogue Venture Partners and Caduceus Capital Partners
Health Care Software & Internet Services • Seed • Portland, OR

101 Edu raises $4.6MM
Edtech Software & Internet Services • Round A • New York, NY 

Mapped raises $3MM 
API Software & Internet Services • Seed •El Segundo, CA

Oculogx raises $3.5MM co-led by Cortado Ventures and MaC Venture Capital
Wearables Software & Internet Services • Seed • Bentonville, AR

Spaceflight Industries merges with Osprey Technologies Acquisition Corp for $250MM
Aerospace & Defense • SPAC • Seattle, WA

Medallia acquires Decibel Insight Limited
Big Data Software & Internet Services • Acquisition • Boston, MA

Shift4 Payments acquires VenueNext
Leisure Facilities Software & Internet Services • Acquisition • Palo Alto, CA

Wynnchurch acquires Northern Wholesale Supply
Consumer Products Distributors • Acquisition • Hugo, MN

SHAZAM acquires Digital Filing Solutions
Technology Services • Acquisition • Irving, TX

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