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Brex Emerges as Fintech Powerhouse in the Wake of SVB's Unraveling

Brex Emerges as Fintech Powerhouse in the Wake of SVB's Unraveling
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
April 5, 2023

What We're Reading

  • Brex Emerges as Fintech Powerhouse in the Wake of SVB's Unraveling [Fast Company]
  • Hot Ones Was A Slow Burn After All [NYT]
  • Saudi Arabia Discloses Ties to Andreessen Horowitz, Dozens of Other Venture Funds [The Information]
  • Banks Set To Lose More Than $1.3BN On Citrix Buyout Debt [Bloomberg]
  • Klaviyo Hires Bankers, Plan for Late 2023 IPO [WSJ]

Trending Companies

Greentank Technologies, a R&D firm specializing in electronic vaporization technologies, raises $14.5MM Series B from Organigram Holdings.

Cannabis • Toronto, Canada


Ludex, a developer of a mobile application that allows users to identify, digitize and organize trading card collections, raises $8MM Seed from Brian Urlacher.

Fintech • Chicago, IL • Post-Money Valuation


ecoATM, a company that provides automated kiosks for the purchase, sale, and recycling of used mobile devices and electronics, raises $50MM Equity Funding from undisclosed investors.

Recycling • San Diego, CA • Post-Money Valuation


Presta, a provider of an end-to-end lending platform for loan origination process, raises $3.3MM Pre-Seed from Distributed Ventures.

Fintech • Cleveland, OH • Post-Money Valuation


DataDome, a company that developed a bot and an online fraud protection, raises $42MM Series C from InfraVia Growth.

Cyber Security • New York, NY • Post-Money Valuation


Fourthline, a company that provides AI-powered and compliant KYC and AML solutions, raises €50MM Equity Funding from Finch Capital.

Fintech • Amsterdam, Netherlands


Wellth, a company that uses behavioral economics to improve medication adherence and chronic disease management, raises $20MM Series B from SignalFire.

Digital Health • Los Angeles, CA • Post-Money Valuation


Mercy Bioanalytics, a company that develops liquid biopsy for detecting early stage cancer, raises $41MM Series A from Novalis LifeSciences.

Biotechnology • Natick, MA • Post-Money Valuation


Nulogy, a company that provides supply chain collaboration solutions, raises C$20MM Equity Funding from Export Development Canada.

SaaS • Toronto, Canada


Renovion, a pharmaceutical firm that develops nebulized therapy, raises $15MM Equity Funding from undisclosed investors.

Biopharmaceuticals • Chapel Hill, NC • Post-Money Valuation

Since last week, PrivCo has added:
1430 Companies | 187 Funding Rounds | 266 M&A Deals

PureFacts Financial acquires Xtiva Financial Systems, a provider of sales management software and performance measurement system solutions.

SaaS • Rockville Centre, NY • Deal


LLYC acquires BAM, a public relations and marketing agency.

Public Relations • San Diego, CA • Deal


Bruynzeel Storage Systems acquires Delta Designs, a company that designs and manufactures museum storage equipment.

Museums and Historical Sites • Topeka, KS • Deal


Penske to acquire Kris-Way Truck Leasing, an independent truck leasing firm.

Rental • South Portland, ME • Deal


Groome Industrial Service, a portfolio company of Argosy Private Equity, acquires Blasting Solutions, a company that provides demolition services and controlled detonation of explosives.

Demolition Services • Syracuse, UT • Deal


Mars  to acquire Heska, a provider of veterinary diagnostic and specialty products.

Pet Care • Loveland, CO • Deal


Shell USA completes the previously announced acquisition of Volta, an electric vehicle charging network operator.

Electric Vehicle • San Francisco, CA • Deal


Mott Corporation acquires Digested Organics, a company that manufactures advanced filtration solutions.

CleanTech • Plymouth, MI • Deal


Vista Equity Partners completes the previously announced acquisition of Duck Creek Technologies, a company that developed a SaaS-based software for the property and casualty (P&C) insurance sector.

Insurtech • Boston, MA • Deal


Ethos Capital acquires Newforma, a company that develops project information management software for architecture, engineering and construction companies.

Enterprise Software • Manchester, NH • Deal

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