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Highlights of the Week (11/20/2020)

Highlights of the Week (11/20/2020)
November 20, 2020

Editorial note: In a world where online education has boomed during the pandemic, we released a list of the growing K1-12 EdTech companies. Be in the know! 

As we count the days till Thanksgiving, let’s look back at the busy week of IPO speculations, a fast-food holiday, a successful space launch, and unfortunately a record-breaking number of coronavirus cases again. 

  • Did you grab a burger on Monday? If you didn’t know, it was fast-food day and most businesses were passing out free burgers. Read about our list of private fast-food companies including the recent headline-grabber of Dunkin’ Donuts’ parent company. 
  • If there’s one thing we know is confirmed from the election, it is that cannabis companies came out as a solid winner. Although the industry is dominated a lot of big public players, this list of private American companies are also helping take the edge off. 
  • While our Thanksgiving dinners are asked to be smaller this year and we cannot even begin to fathom how to finish off the turkey, we are assured by a steady rise of fitness-at-home companies that is sure to help us back into shape... in 2021?
  • As if everything wasn’t bad enough with 2020, a number of natural disasters have driven up homeowners insurance even more. It is becoming even more imperative to shop smart and cost-effectively for insurance and these companies are making big strides in doing so. 

Weekly Funding Highlights

Software and Internet Services dominated the funding space this week with $1.5BN+ funding poured in. 
The top-funded companies in the past 7 days included: 

Wonder Woman releases direct to HBO MAX
Aside from select theaters, the blockbuster film is launching directly on HBO MAX after debuting in international theaters on December 16. This comes after Conan O’ Brien said he is leaving his nightly talk show for a series on the streaming service
[Read more]
GM to accelerate EV spending
Increasing by 35% to $27BN, GM is putting its bets on EV and autonomous vehicles.
[Read more]
Since last week, PrivCo has added:
1109 Companies | 100 Funding Activities | 188 M&A Deals

Funding & Deal Highlights:

Heyday raises $175MM from General Catalyst Partners and Khosla Ventures
Technology Services • Round A • San Francisco, CA

Medable raises $91MM led by Sapphire Ventures
Healthtech Software & Internet Services • Round C • Palo Alto, CA

Duolingo raises $35MM led by Durable Capital Partners
Edtech Software & Internet Services • Equity • Homestead, PA

Spring Health raises $76MM from Tiger Global Management
Healthcare Software & Internet Services • Round B • New York, NY

Highlight raises funds from Hearst and other investors
Advertising & Marketing • Equity • Pennsylvania, PA

Abnormal Security raises $50MM led by Menlo Ventures
Cyber Security Software & Internet Services • Equity • San Francisco, CA

Fireblocks raises $30MM led by Paradigm Management Services
Blockchain Software & Internet Services • Round B • New York, NY

Addepar raises $117MM led by WestCap Group
Fintech Software & Internet Services • Round E • Mountain View, California

Elevation Oncology raises $65MM led by venBio and Cormorant Asset Management
Healthcare Services • Round B • New York, NY

Cogito raises $25MM led by Goldman Sachs Private Equity
AI Software & Internet Services • Equity • Boston, MA

MycoWorks raises $45MM from WTT Investment and Data Collective
Textiles • Round B • San Francisco, CA

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