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China’s robotaxi darlings apply the brakes

China’s robotaxi darlings apply the brakes
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
December 29, 2023

What We're Reading

Trending Companies



Rabbit, a company developing a personalized operating system that feels more intuitive, friendly, and powerful, raises $10MM Series A from Khosla Ventures.

Human Computer Interaction • Los Angeles, CA • Post-Money Valuation


Standard Biocarbon, a company that manufactures near-pure carbon commodity for farming and construction, raises $5MM Seed from Nexus Development Capital.

Agricultural • Portland, ME • Post-Money Valuation


Vestwell, a company that provides a cloud-based digital recordkeeping platform for workplace savings and investing programs, such as 401(k) and 403(b) retirement plans, raises $125MM Series D from Lightspeed Venture Partners.

Fintech • New York, NY • Post-Money Valuation


Base Operations, a company that develops a threat intelligence platform for risk mitigation, raises $9.1MM Series A from Grotech Ventures.

Security • Washington, DC • Post-Money Valuation


Enterin, a company that develops drugs for patients with neurodegenerative disorders, raises $5.1MM Series D from Undisclosed investors.

Biopharmaceuticals • Philadelphia, PA • Post-Money Valuation


ElastiFlow, a company that provides comprehensive network flow analytics, offering detailed insights into network traffic flows, source and destination IP addresses, ports, protocols, and data volumes, raises $3MM Seed from Venture Guides.

Traffic Control • Oakland, CA • Post-Money Valuation


Claim, a platform developer that offers a social application that enables users to earn cash back, exchange rewards, and shop at various brands while fostering a community-driven experience, raises $4MM Seed from Sequoia Capital.

Gamification • Boston, MA • Post-Money Valuation


Lyndra Therapeutics, a biotechnology company pioneering a novel technology platform that transforms daily pills into once-weekly to monthly oral treatment options, raises $101MM Series E from Sarissa Capital Management. 

Biopharmaceuticals • Watertown, MA • Post-Money Valuation


Loyal Hospitality, a cloud kitchen company providing an innovative platform for cooking, fostering creativity, and facilitating connections within the culinary space, raises $65MM Series C from Finnest.

Kitchen • Karnataka, Bangalore


Atavistik Bio, a biopharmaceutical company that focuses on the discovery and development of novel therapies for metabolic diseases and cancer, raises $40MM Equity Funding from The Column Group.

Biopharmaceuticals • San Francisco, CA • Post-Money Valuation



Nordic Capital intends to acquire IntegriChain, a company that creates software for pharmaceutical companies.

Health Care Technology • Philadelphia, PA • Deal


GI Partners intends to acquire DQE Communications, a fiber optics networking company.

Fiber Optics • Pittsburgh, PA • Deal


Ruppert Landscape acquires Tree Amigos Outdoor Services, a company that provides landscape design, maintenance, and installation services, catering to both residential and commercial clients.

Landscape Architecture • Fleming Island, FL • Deal


GrubMarket acquires A&B Tropical Produce, a producer and distributor of tropical fruits.

Fruit & Vegetables • Miami, FL • Deal


Best Warehousing and Transportation acquires International Express Trucking, a transport company.

Freight • Kansas City, KS • Deal


Brixey & Meyer Capital acquires Hesco, a environmental services company specializing in Municipal Water and Wastewater Treatment Technology, and the Industrial Instrumentation and Process Optimization fields.

Water Treatment • Novi, MI • Deal


Brixey & Meyer Capital acquires Lipp America Tank Systems, a company that provides tanks and water solutions to the municipal, industrial and agricultural markets.

Tanks • Novi, MI • Deal


White Hat Capital Partners invests in Luna Innovations, a company that manufactures fiber optic-based products.

Fiber Optics • Roanoke, VA • Deal


H.I.G. Capital acquires Penhall, a company that provides concrete cutting, coring, breaking, and demolition services.

Demolition Services • Irving, TX • Deal


Risk Strategies acquires Setnor Byer Insurance & Risk, a company that provides insurance and risk management services, catering to both businesses and individuals.

Insurance • Fort Lauderdale, FL • Deal

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