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Highlights of the Week (Feb 5, 2021)

Highlights of the Week (Feb 5, 2021)
February 5, 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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February marked the start of Black History Month as well as Groundhog Day and presumably a longer winter. The news of the week heavily revolved around the billionaires of the world. Jeff Bezos said good-bye to his role as Amazon CEO, Elon Musk drove hype on Clubhouse, and Jack Ma’s company finally got approval by the Chinese government to restructure. 

  • In Daily Stack news, even though Gamestop stock has plummeted significantly, it is never too late to look into the latest stock trading apps. Here’s our list of some top startups offering trading alternatives to the big players. Read more. 
  • To honor Black History Month, we’re putting together a report on diversity in the private market and diving deeply into the realities of the lack of diversity in terms of funding activity. But first, take a look at some of our preliminary findings. Read more.
  • Blank check companies or SPACs are unstoppable and the ones that have IPOed have raised one-third of the global IPO funds. See which have successfully acquired businesses and which haven’t worked out. Read more. 
  • The advantages of SPACs are creeping into the digital media space as more companies are bouncing back with the acceleration of cord-cutting and finding new streams of revenue as well as a push to even more lean operations with the pandemic. Here’s a highlight of some top-performing digital-first media organizations. Read more.
Cloud Infrastructure Grows by 32%

Research shows that spending in cloud infrastructure grew 32% in the last quarter of 2020, reaching $39.9BN. Photo: natanaelginting
[VentureBeat]

A New Way to Enjoy the Super Bowl
Betting on the Super Bowl this weekend is expected to reach 7.2 million people making a total of $4.3BN in bets.
[CNBC]
Since last week, PrivCo has added:
773 Companies | 236 Funding Activities | 158 M&A Deals

Funding & Deal Highlights:

SparkPost raises $180MM 
Analytics Software & Internet Services • Equity • Columbia, MD

Pilot Bookkeeping raises $60MM led by Sequoia Capital
Accounting Software & Internet Services • Round C •San Francisco, CA

Encodia raises $75MM led by Northpound Ventures, Deerfield Management, Tao Capital Partners
Biotechnology • Round C • San Diego, CA

Check Technologies raises $35MM
Outsourcing Software & Internet Services • Round B • New York, NY

Concert Health raises $14MM led by Vertical Venture Partners
Health Care Software & Internet Services• Round A • San Diego, CA

Abound raises $6MM
AI Software & Internet Services • Seed • San Francisco, CA

Verusen raises $8MM co-led by Flyover Capital and Forte Capital Management 
AI Software & Internet Services • Round A • Atlanta, GA

LottieFiles raises funding led by Microsoft Ventures
Community Software & Internet Services • Round A • Pleasanton, CA

Raydiant raises $13MM co-led Atomico Ventures and 8VC
Information Technology Software & Internet Services • Round A • San Francisco, CA

Esme Learning Solutions raises $7.5MM led by Adit Ventures
Edtech Software & Internet Services • Round A • Newtonville, MA

Elsa raises $15MM led by Vietnam Investments Group and Susquehanna International Group Limited
E-learning Software & Internet Services • Round B • San Francisco

Box acquires SignRequest 
Cloud Software & Internet Services • Acquisition • Los Altos, CA

Embracer Group AB acquires Gearbox Software 
Video Software & Internet Services • AcquisitionC • Plano, TX

PLAYSTUDIOS merges with Acies Acquisition Corp.
Video Games Software & Internet Services • SPAC • Burlingame, CA

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