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Highlights of the Week (June 11, 2021)

Highlights of the Week (June 11, 2021)
June 11, 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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Jobs, jobs, and more jobs. It’s an employees' market out there, with a record 9.3 million jobs open in the U.S., and 40% of employees considering quitting their jobs if forced to return to the office, confident they can find something better. Moreover, 53% of employees have adapted to the WFH lifestyle and enjoy a commute measured in steps instead of miles. While a trickle of resignations might be manageable, involuntary terminations reaching anywhere near 40% will cause employment metrics to plummet. Communicating flexibility, and sticking to it, will be key for employers.

Here’s a look at this week’s top stories from PrivCo:

  • Mergers and acquisitions deals have already blown through records this year, exceeding $2.4TN, a 158% increase over 2020. After a sluggish April for SPAC deals, due to fear of greater regulation and less-than-impressive post-deal stock performances, SPACs made up 11% of M&A deals in May. Startups can reasonably expect those deals to pick up again due to the 24-month rule. We get into it here.

  • Durable Capital Partners is a relative newcomer to VC, founded only in 2019, but its founder has been picking tech winners for 18 years.  Founder Henry Ellenbogen brought along several T. Rowe alums and got to work writing big checks. Read about their tech picks here.

  • The Biden-Harris administration announced this week the key findings and plans of its 100-day review of America’s supply chains, including major budget proposals to invest in partners. We looked at several private companies building better supply chains. Find out who they are here.

  • With climate change affecting the way we eat, we looked at the private companies meeting the appetites of the 21st century. We give you our ten fast-growing AgTech companies to watch. Check them out here.
Quick News
Since last week, PrivCo has added:
 
476 Companies | 190 Funding Activities | 61 M&A Deals

Funding & Deal Highlights:

 

Klarna raises $639MM from Softbank Vision Fund

Payment Software & Internet Services • Equity • Stockholm, Sweden
 

Credit Sesame raises $51MM from Globespan Capital Partners

Fintech Software & Internet Services • Equity • Mountain View, CA
 

Unchained Capital raises $25MM from NYDIG Execution 

Blockchain Software & Internet Services Round A • Austin, TX
 

LetsGetChecked raises $150MM from Casdin Capital

Health Care Providers • Round D • New York, NY
 

Grabango raises $39MM from Commerce Ventures Management

Payment Software & Internet Services • Round B • Berkeley, CA
 

Briq raises $30MM from Tiger Global Management 

Real Estate Software & Internet Services • Round B • Santa Barbara, CA
 

Nue Life Health raises $3.3MM from Martin Varsavsky

Telehealth Software & Internet Services • Equity • Miami, FL
 

Verbit raises $157MM from Sapphire Ventures 

AI Software & Internet Services • Round D • New York, NY
 

Pattern Brands raises $60MM from Kleiner Perkins

Consumer Products • Equity • New York, NY
 

YourBase raises $5MM from Lightspeed Venture Partners

Infrastructure Software & Internet Services • Seed • Woodinville, WA
 

Compose AI raises $2.1MM from Craft Ventures

AI Software & Internet Services • Seed • San Francisco, CA
 

Terraformation raises $30MM from Apollo Projects

Industrial Services • Round A • Waimea, HI
 

AllHere Education raises $8MM from Spero Ventures LLC 

EdTech Software & Internet Services • Round A • Boston, MA
 

Rise Science raises $10MM from Goodwater Capital 

Software & Internet Services • Round A • Chicago, IL
 

Deloitte acquires CloudQuest

Technology Services • Acquisition • Cupertino, CA
 

TA Associates Management acquires Stackline for $130MM 

E-commerce Software & Internet Services • Acquisition • Seattle, WA
 

Insight Partners invests $110MM in Brinqa 

Security Software & Internet Services • Growth Capital • Austin, TX
 

Credit Sesame acquires Zingo

Credit Software & Internet Services • Acquisition • Portland, Oregon 
 

Angeles Equity Partners acquires Primus Metals 

Aerospace & Defense • Acquisition • Lakewood, CO

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