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Highlights of the Week (June 25, 2021)

Highlights of the Week (June 25, 2021)
June 25, 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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With the New York Mayoral primary behind us and still no winner officially declared among the Democrats, our political attention returns to the federal level. Yesterday, our elected officials had a bipartisan “breakthrough,” reaching an agreement on a nearly $1TN infrastructure deal. In addition, with the July 4th holiday just around the corner, President Biden has admitted it's unlikely we'll meet the 70% first-dose vaccine goal he previously set.

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

  • For our NBA Playoffs edition, we ran through the top teams in terms of valuation and looked at how the playoff's final 8 teams rebounded in revenue since the sequestered 2020 season. Check out the top teams here.

  • General Catalyst Partners has an entrepreneurial advantage in its decision-making in early-to-growth stage investments. The firm has signed checks for some of the biggest names in the startup world, like Airbnb, Stripe & Oscar. Learn more about General Catalyst.

  • Broad marijuana legalization and a widening consumer base mean the cannabis industry is booming. The industry grew from $10.7BN to $18.3BN in the last year and is projected to grow to $41.5BN by 2025. Read about it here.

  • After the devastating setbacks and many closures created by COVID-19, innovations in the restaurant industry have been crucial for businesses to stay afloat. We looked at the concept and iterations of ghost kitchens that have regained popularity since the pandemic. Catch up.

Quick News

💰Investor Opinion: Companies going SPAC are full of $#!+

😵Rudy Giuliani deemed unfit for practicing law

🤝Bipartisanship resurrected with an infrastructure plan

👮U.S. Police have been calling it quits

🍪Cookiepocalyse: Regulations are complicating things for Google & advertisers

🏢Are employees more innovative while working in an office environment?

Since last week, PrivCo has added:
 
586 Companies | 214 Funding Activities | 138 M&A Deals

Funding & Deal Highlights:

 

VNTG raises $15MM from Andreessen Horowitz

Software & Internet Services • Seed • New York, NY
 

Aeroseal raises $22M from Breakthrough Energy Ventures

Industrial Services • Round A • Miamisburg, OH
 

Cabana raises $10MM from Craft Ventures & Goldcrest Capital

Hotels, Resorts, Casinos & Cruise Lines • Round A • Seattle, WA
 

Videon Central raises $7.3MM from Voyager Capital

Software & Internet Services •Round A • State College, PA
 

Qwoted raises $3MM from Third Prime Capital 

Journalism Software & Internet Services • Seed • New York, NY
 

Songtradr raises $50MM from Argo Investments 

Software & Internet Services • Round D • Santa Monica, CA
 

Primer raises $1110MM from Addition 

AI Software & Internet Services • Round C * San Francisco, CA
 

BEKHealth raises $4MM from Excelerate Health Ventures

AI Software & Internet Services • Seed • Kent, CT
 

WaitWhat raises $12MM from Gingerbread Capital

Publishing • Round B • New York, NY
 

Embark acquires Northern Genesis Acquisition Corp. II for $5.2BN

Software & Internet Services • SPAC • San Francisco, CA
 

NCR Corporation acquires Cardtronics for $2.5BN 

Consumer Finance • Acquisition • Houston, TX

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