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WeWork files for bankruptcy

WeWork files for bankruptcy
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
November 8, 2023

What We're Reading

  • WeWork, once valued at $47 billion, files for bankruptcy [TechCrunch]
  • Workday is reskilling employees by letting them take gig work in different parts of the company. Internal mobility and promotions have skyrocketed [Fortune]
  • GM halts production of Cruise Origin robotaxi amid suspended operations [TechCrunch]
  • OpenAI’s ChatGPT now has 100 million weekly active users [TechCrunch]

Trending Companies


Third Time Entertainment, a video game development company focused primarily on crypto and NFT, raises $2MM Seed from Sfermion.

Cryptocurrency • Orlando, FL • Post-Money Valuation


Brickeye, a construction IoT and data analytics technology company that specializes in providing innovative solutions to enhance efficiency and productivity in the construction industry, raises $10MM Equity Funding from Graphite Ventures.

Internet of Things • Ontario, Canada


Cowbell, a company providing individualized cyber insurance for businesses, raises $25MM Equity Funding from Prosperity7 Ventures.

Artificial Intelligence • Pleasanton, CA • Post-Money Valuation


Infinitum, a company that develops patented air-core motors to offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, raises $185MM Series E from Just Climate.

Industrial Products • Round Rock, TX • Post-Money Valuation


Free Market Health, a healthcare technology company, raises $20MM Equity Funding from Questa Capital.

Health Care Technology • Pittsburgh, PA • Post-Money Valuation


Next Insurance, a company that provides small business insurance coverage tailored to the self-employed and utilizes AI and machine learning to simplify the purchasing process, raises $265MM Equity Funding from The Allstate Corporation.

Insurance • Palo Alto, CA • Post-Money Valuation, an AI company focused on helping sales, marketing, and product teams streamline their processes, raises $2.5MM Equity Funding from 8-Bit Capital.

Artificial Intelligence • Riverhead, NY • Post-Money Valuation


AdaptX, a self-serve clinical management solution company, raises $10MM Equity Funding from Cercano Management.

Artificial Intelligence • Seattle, WA • Post-Money Valuation


Stockpress, a developer of  a collaborative file management platform that simplifies the organization, collaboration, and sharing of files for teams, combining elements of digital asset management to facilitate the process, raises $1.8MM Seed from Argon Ventures.

Data Management • Stuart, FL • Post-Money Valuation


Slooh, a company that provides direct access to astronomy educators and real-time viewing and control of robotic telescopes, including seven telescopes situated at one of the world's top observatory sites, raises $5MM Equity Funding from Connecticut Innovations.

E-Learning • Washington Depot, CT • Post-Money Valuation



Talus Renewables, a renewable energy infrastructure company and creates modular green ammonia system, raises $22MM Series A from Material Impact.

Renewable Energy • Austin, TX • Post-Money Valuation


Terremoto Biosciences, a biotechnology company leveraging the power of lysine-based covalency to develop optimized medicines, raises $175MM Series B from EcoR1 Capital.

Biotechnology • San Francisco, CA • Post-Money Valuation


Aclarity, a water technology company that provides water quality solutions for customers and end users, raises $16MM Series A from Aqualateral.

CleanTech • Mansfield, MA • Post-Money Valuation


Payroll Integrations, a company that provides software-as-a-service that connects payroll providers with benefits providers, raises $20MM Series A from Arthur Ventures.

SaaS • San Diego, CA • Post-Money Valuation


ProJenX, a clinical-stage biotechnology company developing novel, brain-penetrant, targeted therapies to address untreatable brain diseases, raises $15MM Series A from Medical Excellence Capital.

Biopharmaceuticals • New York, NY • Post-Money Valuation


AMETEK acquires Amplifier Research, a firm that manufactures radio frequency (RF) and microwave amplifiers and electromagnetic compatibility (EMC) testing equipment.

Electronics • Souderton, PA • Deal


Wellcove by CHCS Services acquires AssuriCare, a firm that develops healthcare platforms designed to manage and handle home care claims.

Platform • Waltham, MA • Deal


Devolver Digital acquires System Era Softworks, an independent game developer known for its work on the game ASTRONEER.

Software • Seattle, WA • Deal


Kymera International acquires KDF Fluid Treatment, a company that provides water treatment media intended for water and industrial treatment.

Water Treatment • Three Rivers, MI • Deal


Gallagher completes acquisition of Eastern Insurance, a company that provides a full range of personal and commercial insurance products, as well as employee benefits services.

Insurance • Natick, MA • Deal

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