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Highlights of the Week (Apr 9, 2021)

Highlights of the Week (Apr 9, 2021)
April 9, 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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The first full week of April brought us an interesting week of news, especially from abroad. Aside from LG calling it quits on their smartphones business, China launched a test of a digital yuan to threaten the status of the USD. Meanwhile back in the US, corporations from Coca-Cola to Delta, and organizations including Major League Baseball, took action condemning Georgia’s new voter law after facing backlash from many consumers. In addition:

  • The Biden administration has called on all states to move up the deadline for vaccination eligibility for all citizens to April 19, although it expressed caution given new variants. Nonetheless, travelers are increasing their appetite for flying. Is traveling coming back, and possibly at a rapid pace? Read more. 
  • New York is the center of many movies. It is the capital of fashion. Yet NYC VCs and funding have always lagged behind the western part of the country. The year 2021 seems to be a year of change, as New York is drawing record-high investments so far. Dive deeper. 
  • This company became a unicorn within a year after it was established. During the pandemic, it has grown exponentially and has already achieved $70MM in annual recurring revenue. Read more about Europe’s fastest-growing startup. 
  • The pandemic has hit students hard. With student loans reaching $1.7TR and growing 6 times faster than the economy, startups are looking for ways to help. Here are 5 companies helping manage student debt. Dive deeper.
  • Healthcare became a focal point for VCs in 2020. We explore 11 trends in healthcare that were the center of attention as well as profile the top 50 growing healthcare companies in our latest healthcare report. Read more.
Quick News
Since last week, PrivCo has added:
3141 Companies | 246 Funding Activities | 74 M&A Deals

Funding & Deal Highlights:

 

Bundl Technologies raises $800MM 
Logistics Software & Internet Services • Equity • Bangalore, India

Trax Image Recognition raises $640MM co-led by BlackRock Private Equity Partners and SoftBank Vision Fund
E-commerce Software & Internet Services • Round E • Singapore

Plaid Technologies raises $425MM led by Altimeter Capital
Fintech Software & Internet Services • Round D • San Francisco, CA

Icosavax raises $100MM led by Ra Capital Management
Biotechnology • Debt • Seattle, WA

Phenom People raises $100MM led by B Capital Group
Automation Software & Internet Services • Round D • Ambler, PA

Awkward Essentials raises $2.3MM led by Unorthodox Ventures
Consumer Products • Seed • Costa Mesa, CA

Alloy Therapeutics raises $75MM led by 8VC, Presight Capital, and Peter Thiel
Biotechnology • Round C • Lexington, MA

Kintent raises $4MM led by Tola Capital
Security Software & Internet Services • Seed • Boston, MA

ConductorOne raises $5MM
Cloud Software & Internet Services • Seed • Portland, OR

Inbox Health raises $15MM led by Commerce Ventures Management
Health Care Software & Internet Services • Round A • New Haven, CT

Nuclein raises $14MM led by Trinity Private Equity Group
Health Care Equipment • Round B • Austin, TX

Genius Guild raises $5MM
Investment Management & Financial Advisory • Seed • Atlanta, GA

ThreatQuotient raises funds totaling $22.5MM
Cyber Security Software & Internet Services • Debt & Equity • Reston, VA

Avanti Financial Group raises $37MM
Cryptocurrency Software & Internet Services • Round A • Cheyenne, WY

Clearsense raises $30MM led by Health Catalyst Capital
Data Processing Software & Internet Services • Equity • Jacksonville, FL

Kinta AI raises $5.5MM co-led by LGF and Shine Capital
AI Software & Internet Services • Round A • San Francisco, CA

Cyble raises $4MM co-led by Blackbird Ventures and Spider Capital
Cyber Security Software & Internet Services • Seed • Alpharetta, GA

Grata raises $6.3MM
Market Research Software & Internet Services • Seed • New York, NY

GiGstreem raises $50MM from Crestline Investors
Network Infrastructure Software & Internet Services • Equity • Tysons, VA

Volastra Therapeutics raises $32MM
Biotechnology • Seed • New York, NY 

Ascensus Specialties acquires Strem Chemicals
Chemicals & Plastics • Acquisition • Newburyport, MA

Sarcos Corp merges with Rotor Acquisition for $1.3BN
Industrial Products • SPAC • Salt Lake, City, UT

Len the Plumber acquires Neffsville Plumbing and Heating
Commercial & Industrial Engineering • Acquisition • Lancaster, PA

Alliance Technology Group acquires Emission Monitoring Service
Industrial Services • Acquisition • Baytown, TX

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