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Investor Highlight: Tiger Global Management

Investor Highlight: Tiger Global Management
April 21, 2021

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If you’ve been reading our funding highlights, you may have noticed this particular investor pop up a lot. Tiger Global Management can be cited as one of the most aggressive funders of late and according to our data, the firm has participated in over 70 deals in 2021 already.

The company has the second-largest venture fund at $6.7BN, and its investment speed is being compared to Softbank’s early days (a story for another day), helping it secure strategic investments much faster than its competitors. Tiger also differs from other VC firms that often work closely with the founders to grow their company, instead of paying the companies it has invested in to work with consultants like Bain & Co. to scale. According to an investor letter that was sent in January 2021, the firm has a gross internal rate of return across its 12 previous funds of 32%, while its net IRR is 24%.

Here are some of Tiger’s portfolio company success stories: 

  • It invested in insurance company Root Insurance, which went public in Nov 2020
  • Its investment is said to have returned over $5BN for the firm 
  • Its sale of Flipkart to Walmart is said to have reaped the firm $3BN
  • Its 20% ownership in Peloton at the time of its IPO in 2019 was worth nearly $2BN

Here’s a sample of some of the hottest names among the firm’s portfolio: 

  • Audio social platform Clubhouse, who just raised a new round of funding, valuing the audio platform at $4BN (see below) 
  • Robotic process automation SaaS company UiPath, who is pursuing an IPO comparable in size to Snowflake's
  • Data management SaaS Databricks, who is rumored to be IPO'ing soon
  • E-commerce platform from the UK
  • E-commerce platform Squarespace, who just filed for a direct listing
  • Chinese edtech company Zuoyebang
Clubhouse new funding, massive expansion
With fresh funding, the year-old company Clubhouse is now worth $4BN.
[Read More]
CPSC Warns of Peloton Use
Peloton is plagued with negative press and a warning from the Consumer Product Safety Commission after a child died in an accident involving one of its treadmills.
[Read More]
Since last week, PrivCo has added:
933 Companies | 196 Funding Activities | 138 M&A Deals

Funding & Deal Highlights:

Clubhouse raises undisclosed funds led by Andreessen Horowitz
Communications Software & Internet Services • Equity • Menlo Park, CA

Adagio Therapeutics raises $336MM led by RA Capital Management
Biotechnology • Round C • Waltham, MA

Chargebee raises $125MM led by Insight Partners, Tiger Global Management, and Sapphire Ventures
Automation Software & Internet Services • Round G • Walnut, CA

Virta Health Corp raises $133MM led by Tiger Global Management
Health Care Services • Round E • San Francisco, CA

SES.AI raises $139MM led by General Motors Ventures
Industrial Products • Round D • Woburn, MA

Druva raises $147MM led by The Caisse de depot et placement du Quebec
Cyber Security Software & Internet Services • Equity • Sunnyvale, CA

Atrium raises $13.5MM
Enterprise Software  • Seed • San Francisco, CA

aPriori Technologies raises an additional $5MM from Gutbrain Ventures
Fintech Software & Internet Services • Round C • Concord, MA

Itsme raises $15.2MM led by Seven Seven Six
Communications Software & Internet Services • Round A • New York, NY

Pickle Robot raises $5.75MM led by Hyperplane
Industrial Products • Seed • Somerville, MA

Wage raises $5MM
Fintech Software & Internet Services • Equity • San Francisco, CA

Itential raises $20MM from Elsewhere Partners
Data Integration Software & Internet Services • Round B • Atlanta, GA

Plex raises $50MM
Streaming Software & Internet Services • Debt • Los Gatos, CA

Saltbox raises $10.6MM
Real Estate • Round A • Atlanta, GA raises $25MM co-led by Mercury Fund and Arsenal Growth
E-commerce Software & Internet Services • Round A • Houston, TX

Xwing raises $40MM led by Blackhorn Ventures
Aerospace & Defense • Round B • San Francisco, CA

Persefoni AI raises $9.7MM
Sustainability Software & Internet Services • Round A • Tempe, AZ

Hallow raises $12MM
Wellness Software & Internet Services • Round A • San Francisco, CA

GI Partners invests undisclosed capital into Aras 
Cloud Software & Internet Services • Growth Capital • Andover, MA

Primerica acquires e-TeleQuote Insurance for $360MM
Insurance Services • Acquisition • Clearwater, FL

Innovative Chemical Products Groups acquires Choice Adhesives 
Chemicals & Plastics • Acquisition • Cincinnati, OH

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