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HIghlights of the Week (May 27, 2022)

HIghlights of the Week (May 27, 2022)
May 27, 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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Overshadowing all industry-related news this week is yet another horrifying mass shooting. The rallying cry for an end to violent crimes was given by none other than Steve Kerr, coach of the Warrior's basketball team. Politicians are scrambling once and for all to pass a piece of legislation that would expand and strengthen background checks for sales of weapons, the bare minimum to prevent these kinds of attacks. Biden brought up a ban on assault-style weapons in his remarks after the Buffalo shooting that left 10 dead. That measure has not been touched since failing in 2013 shortly after the Sandy Hook shooting. Texas has been an example of one step forward, two steps back gun legislation amidst frequent incidents of gun violence. I agree with Coach Kerr. Enough.

Meanwhile, looking back on this week's topics:
  • Monday, we looked at how savvy financial companies have captured the hearts and wallets of a younger generation. Millennials and Gen Z may be skeptical of big banks, but they're embracing fresh startups in 'buy-now, pay-later.' Learn more.
  • How are the startup groomers at Y Combinator advising young companies entering their first bear market? Find out.
  • Small businesses bring variety, innovation, and excitement to our city streets and lives. Not long after surviving pandemic shutdowns, companies are at risk once again. See how they're fighting to stay alive.
  • Yesterday, we talked about micromobility, from New York to Paris. See how people are getting around and what micromobility means for city leaders and streets. Read about it.
Quick News:

🔎 The creepy search engine 
✨ Team Stranger Things or Team Obi Wan?
🔋 Tesla superfans race to charging stations
🐝 Biotech is bringing us bioplastics
👩‍🏫 Teachers Union is going after NRA

Since last week, PrivCo has added:
1,322 Companies |  423 Funding Activities | 138 M&A Deals

Funding & Deal Highlights:


Terremoto raises $75MM from OrbiMed

Drug Research • Round A • San Francisco, CA

Babel raises $80MM from Jeneration

Blockchain • Round B • Central, Hong Kong

Circles raises $16.5MM from Zeev

Mental Health • Round A • San Francisco, CA

Starkware raises $100MM from Greenoaks

Blockchain • Round D • Hasharon, Israel

Nowports raises $150MM from Softbank

Monitoring • Round C  • Monterrey, Mexico

Mainspring raises $150MM from Lightrock

Generators • Round E • Menlo Park, CA

Friday Health raises $70MM from Leadenhall 

Insurance • Equity • Alamosa, CO

Finn raises $110MM from Korelya

Rental • Round B • Ann Arbor, MI


Castle Creek raises $112.8MM from Fidelity

Biotechnology • Equity • Exton, PA

ZenLedger raises $15MM from Parafi

Cryptocurrency • Round B • Bellevue, WA

Item 9 announces acquisition of Sessions Cannabis

Cannabis • Acquisition • Toronto, Canada

Bolthouse announces acquisition of Evolution

Fruit & Vegetables • Acquisition • San Bernardino, CA 

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