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SEC subpoenas PayPal over its USD-pegged stablecoin

SEC subpoenas PayPal over its USD-pegged stablecoin
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
November 3, 2023

What We're Reading

  • SEC subpoenas PayPal over its USD-pegged stablecoin [TechCrunch]
  • Gen Z is making career moves based on TikTok advice. They say it’s working for them [Fortune]
  • Boeing confirms ‘cyber incident’ after ransomware gang claims data theft [TechCrunch]
  • YouTube’s new teen safeguards limit repeated viewing of some video topics and more [TechCrunch]

Trending Companies


Kento Health, a provider of a health platform for patients with cardiac conditions, raises $3MM Equity Funding from Both Boreal Ventures.

Artificial Intelligence • Quebec, Canada


Nocturne, a firm that offers protocol enabling on-chain private accounts, raises $6MM Seed from Bain Capital Crypto.

Blockchain • San Diego, CA • Post-Money Valuation


Algenesis, a company that is developing renewable, and fully biodegradable plastic material made from algae, raises $5MM Equity Funding from First Bight Ventures.

Biotechnology • Cardiff by the Sea, CA • Post-Money Valuation


Omnidian, a solar asset management firm that provides services to residential and commercial areas, raises $25MM Equity Funding from Activate Capital.

Solar • Seattle, WA • Post-Money Valuation


AgentSync, a company that builds modern insurance infrastructure that connects carriers, agencies, MGAs, and producers, raises $50MM Equity Funding from Craft Ventures.

Insurtech • Denver, CO • Post-Money Valuation


1337 AI, a developer of a generative AI platform committed to connecting niche communities through hyper-personalized interest, raises $4MM Pre-Seed from Credo Ventures.

Artificial Intelligence • New York, NY • Post-Money Valuation


Traba, a company that operates a human resource marketplace platform, raises $22MM Equity Funding from Founders Fund.

Marketplace • Miami, FL • Post-Money Valuation


Eavor Technologies, a provider of geothermal energy technology solutions, raises $182MM Equity Funding from OMV AG.

Renewable Energy • Calgary, Canada


ZeroRISC, a firm that offers commercial cloud security services, raises $5MM Seed from Cambridge Angels.

Cloud • Somerville, MA • Post-Money Valuation


Triplebar, a biotechnology firm intended to improve food sustainability, raises $20MM Equity Funding from Synthesis Capital.

Biotechnology • Emeryville, CA • Post-Money Valuation



Playbite, a firm that develops and designs social gaming platform, raises $1M Equity Funding from Grishin Robotics.

Games • Frisco, TX • Post-Money Valuation


Oxide Computer, a provider of cloud server solutions for businesses, raises $44MM Series A from Eclipse.

Cloud • Emeryville, CA • Post-Money Valuation


Vizient acquires PrefTech, a firm that  designs and develops cloud-based software.

Cloud • Reston, VA • Deal


Clariant intends to acquire Lucas Meyer Cosmetics, a  firm that develops and provides ingredients for the cosmetics and personal care industry.

Ingredients • Quebec, Canada


Performant Capital invests in SquadUP, a company that developed a mobile-first ticketing, event management and audience engagement platform.

Tickets • Los Angeles, CA • Deal


WestView invests in Roko Labs, a software development company that offers end-to-end digital products and services, from product strategy and requirements analysis to hosting enterprise platforms and applications for clients with limited internal operational resources.

Enterprise Software • New York, NY • Deal


Appian Capital invests in Urbix, a company that produces natural battery grade graphite for use in electric vehicles and battery storage systems.

Batteries • Mesa, AR • Deal


Animoca Brands acquires Azarus, a company that develops blockchain-based competitive gaming platform.

Blockchain • San Francisco, CA • Deal


The Futurum Group acquires Business Podcast Network, a media company that creates business podcasts.

Podcast • Oakland, CA • Deal


CPL acquires Makovich & Pusti Architects, a full service architecture, interior design, and planning firm.

Architecture • Berea, OH • Deal

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