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Highlights of the Week (May 20, 2022)

Highlights of the Week (May 20, 2022)
May 20, 2022

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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For all that has been said about pandemic shortages affecting prices, inflation, and wait times, there is seemingly no scarier shortage, especially for moms with young babies, than the one affecting baby formula supply right now. The shortages, which began in April, have created a nightmarish scenario for families. On an issue that should be a no-brainer, politicians and reporters have managed to make it a partisan issue. Even Bette Midler can't avoid controversy.

But help is finally on the way. The Biden administration released emergency funding to the FDA and invoked the Defense Production Act to force suppliers to hand over the ingredients necessary to make formula before selling to others. In addition, the Abbott manufacturer that shut down after a voluntary recall has made plans to reopen.

Meanwhile, check out the top stories this week from PrivCo:

  • Another day, another tech company laying off huge swaths of its workforce. We looked at what’s happening with all the layoffs on the heels of the Great Resignation. Check it out.

  • Speaking of layoffs, when are robots going to take over my job? We checked out the booming industry of robotics and the future of work. Learn more.

  • With public stocks tanking, private equity investors are on the lookout for good deals. We’re entering an era of M&A for both public and private companies. Check out some promising contenders here.

  • In terms of name recognition, this firm is like the Chicago Bulls of venture capital. Andreessen Horowitz has signed checks with the biggest companies. That makes the firm's newly founded gaming fund something to keep an eye on. Learn more.
Quick News:

📅The over 55 crowd is back at work
🔋Lucid's electric vehicles head to Saudi Arabia
🚀How SpaceX beats Boeing to launch pad
⚖️The latest antitrust bill against Google and Facebook ads
Twitter will hide misinformation in times of crisis

Since last week, PrivCo has added:
 
123,484 Companies |  245 Funding Activities | 217 M&A Deals
 

Funding & Deal Highlights:

 

Laekna raises $61MM from CS Capital 

Drug Research • Round D • Shanghai, China
 

Vivun raises $75MM from Salesforce

SaaS • Round C • Oakland, CA
 

Instabug raises $46MM from Insight

SaaS • Round B • San Francisco, CA  
 

SwanBio raises $56MM from Syncona

Drug Research • Round B • Bala Cynwyd, PA
 

Thought Machine raises $160MM from Temasek

Fintech • Round D • London, United Kingdom
 

N3twork Studios raises $46MM from Griffin

Video Games • Round A • San Francisco, CA
 

Masterschool raises $100MM from Group 11

E-Learning • Seed • New York, NY
 

GreyOrange raises $110MM from Mithril

Robotics • Equity • Roswell, GA
 

KaJ Labs raises $400MM from GEM Digital

IT Consulting • Seed • Minneapolis, MN
 

Modulr raises $108MM from General Atlantic 

API • Round C • Hammersmith, United Kingdom
 

Planview announces acquisition of Tasktop

SaaS • Acquisition • Vancouver, Canada
 

GoFundMe completes acquisition of Classy

Fundraising • Acquisition • San Diego, CA

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