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Highlights of the Week (Feb 26, 2021)

Highlights of the Week (Feb 26, 2021)
February 26, 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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It seemed like only yesterday that it was January, but here we are wrapping up February and welcoming warmer weather despite severe winter conditions only just a week ago. This week’s highlights see both enterprise-related trends driving industry growth and the growth of individual companies.

  • Recommerce or the idea of selling second-hand apparel is growing in popularity, especially amongst Gen Z and Millennials who prefer to shop sustainably. As the global economy consumes 100BN tons of materials and only 8.6% tons are reused, startups that are helping bridge the gap by reselling are thriving. Read more.
  • Individual communication via the Internet has become an everyday task, permeating our daily lives. But communication in the cloud for enterprises is still steadily growing as the market booms. Successful startups that have gone public like Twilio posted a 65% increase in revenue YOY and the market is expected to reach $25BN in 2025. We round up a list of successful startups in cloud communication as we also dive deeper into what these companies help enterprises do. See the list.
  • Most of the startups that help with data cataloging -- providing solutions to collect, store, analyze, and help enterprises use the data they collect -- are $1BN+ companies. But it doesn’t mean there is no room for growth. After Segment was acquired for $3.2BN in 2020 by Twilio, these private data catalog companies may be the next in line for multi-billion-dollar exits. Read more. 
  • It shouldn’t come as a surprise that the top growth company of 2020 goes to Instacart, but what other companies had an unstoppable second half of 2020? Our top 10 is varied but here are some hints: online shopping, exercising, and driverless cars. See our list.
Quick News
Since last week, PrivCo has added:
1,504 Companies | 214 Funding Activities | 82 M&A Deals

Funding & Deal Highlights:

Highspot raises $200MM led by Tiger Global Management
Enterprise Software & Internet Services • Round E • Seattle, WA

Petal Card raises $126.6MM
Fintech Software & Internet Services • Debt • New York, NY

SeedFi raises two rounds of funding of $50MM by undisclosed investors & $15MM led by Andreessen Horowitz
Fintech Software & Internet Services • Debt & Round A • San Francisco, CA

Reprise raises $17MM
SaaS Software & Internet Services • Round A • Boston, MA

Peak AI Limited raises $21MM led by Oxx
Big Data Software & Internet Services • Round B • Brooklyn, NY

Zolve Innovations raises $15MM
Fintech Software & Internet Services • Equity • San Francisco, Ca

Promise Network raises $20MM co-led by Kapor Capital and XYZ Venture Capital
Payment Software & Internet Services • Round A • Oakland, CA

Unybrands raises $25MM
E-commerce Software & Internet Services • Seed • Miami Beach, FL

Pawlicy Advisor raises $6.5MM co-led by Defy Ventures and Rho Capital Partners
Insurance Services • Round A • New York, NY

Rheaply raises $8MM led by High Alpha Capital 
Sustainability Software & Internet Services • Equity • Chicago, IL

Photomath raises $23MM led by Menlo Ventures
Edtech Software & Internet Services • Round B • San Francisco, CA raises $20MM led by A Capital Partners
Enterprise Software & Internet Services • Round A • San Francisco, CA

Sentry raises $60MM
SaaS Software & Internet Services • Round D • San Francisco, CA

Moncler acquires remaining stake at Stone Island USA for $419MM
Apparel, Footwear & Accessories • Acquisition • New York, NY

Autodesk acquires Innovyze for $1BN 
Software & Internet Services • Acquisition • Portland, OR

Learn it Systems acquires Behavior Analysis Center for Autism 
Health Care Services • Acquisition • Fishers, IN

Icon Clinical Research Limited acquires PRA Health Sciences for $12BN
Biotechnology • Acquisition • Raleigh, NC

Kaseya International Limited acquires RocketCyber 
Cyber Security Software & Internet Services • Acquisition • Dallas, TX

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