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Highlights of the Week (2021/01/08)

Highlights of the Week (2021/01/08)
January 8, 2021

The Daily Stack is a daily market insight newsletter by PrivCo, a private market intelligence platform. Read our previous insights. 

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The first full week of January has been a sharp reminder of the ups and downs of 2020. While tech companies are moving to ban Trump from their platforms, Wall Street was bullish over the changes in government and closed at a record high on Wednesday. 

  • 2021 is expected to be a year of growth even despite a chaotic first week in Washington. Our list of top 10 companies from 2020 sees eCommerce, fintech, and health services being a focal point of 2021 as well. Read the details.
  • Aside from specific industries, these pre-IPO companies have been energized by big price shifts from IPOs in 2020. Which tech companies have pending IPOs? See the list.
  • The accelerating shift towards digital payments and neobanks has helped these companies accelerate their growth in 2020. See our list of fintech companies to watch out for in 2021.
  • Lastly, with eCommerce taking precedence as the pandemic continues to reduce foot traffic at brick-and-mortar stores, we have our predictions for retail trends in 2021. As a spoiler, one trend merges fintech with eCommerce. See our predictions.
World’s richest person no longer Jeff Bezos
The controversial owner of SpaceX and Tesla, Elon Musk, has taken the crown of the world's richest person from Amazon CEO Jeff Bezos and Musk is now worth more than $188BN. 
[The Verge]
Mercedes adds curved infotainment screen to its electric vehicles
Ahead of a virtual CES tech trade show, Mercedes announces its intuitive infotainment that stretches 56” across the dashboard. 
Since last year, PrivCo has added:
125,742 Companies | 10,679 Funding Activities | 7,031 M&A Deals

Funding & Deal Highlights:

Terns Pharmaceuticals raises $87MM
Pharmaceuticals • Round C • San Mateo, CA

Fluence Energy raises $125MM led by Qatar Investment Authority
Renewable Electricity • Equity • Arlington, VA

IconOVir Bio raises $77MM co-led by Nextech Ventures and Vida Ventures
Biotechnology • Round A • San Diego, CA

Immuneering Corporation raises $62MM
Pharmaceuticals • Round B • Cambridge, MA

Ikena Oncology raises $120MM led by Omega Funds
Health Care Services • Round B • Cambridge, MA

Rivian Automotives raises funding from Amazon and Ford Motors
Vehicle Manufacturers • Equity • Plymouth, MI

Clearlake Capital Group acquires Group
Technology Services • Acquisition • Jacksonville, FL

Palladin Consumer Retail Partners acquires Leapfrog Brands 
Consumer Products • Acquisition • Chicago, IL

Riverwood Capital acquires HG Insights
Technology Services • Acquisition • Santa Barbara, CA

Peak Rock Capital acquires Shipley Do-Nuts
Restaurants • Acquisition • Scottsdale, AZ

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