PrivCo Logo

Goodbye 2020 - Q2 Edition

Goodbye 2020 - Q2 Edition
December 29, 2020

The Daily Stack is a daily market insight newsletter by PrivCo, a private market intelligence platform. Read our previous insights.
Have an interesting topic you want us to include. Let us know!

In the last week of 2020, we look back on the events and major activities of each quarter, with today’s issue covering the second quarter. April to June was a time of change globally. Aside from the biggest shift in history towards racial equality that sparked from the US but ignited the entire world’s support, it was also a time for the adoption of face masks and social distancing. 


Credit: Unsplash

  • Worldwide coronavirus cases hit 10 million+ in this quarter and face masks, including how to make one on your own became a new normal. The cases in the U.S. topped 2.6 million. 
  • The Black Lives Matter movement erupted. The police-involved killings of George Floyd, Ahmaud Arbery, and Breonna Taylor became the fuel to a global uprising towards police brutality and racial injustice that spread across the world. 
  • Murder hornets were spotted in Washington State for the first time but its news disappeared as quickly as they came. 
  • SpaceX launched two NASA astronauts towards the International Space Station and is the first time in history for a commercial aerospace company to do so. The company has since received numerous funding. 
  • Although in-person ceremonies were canceled, virtual graduations were held throughout the month of June in replacement.
  • Throughout the three months, cities and states struggled with quarantine and shutdown restrictions. By the end of the quarter, many cities attempted to move back to a more ‘normal’ state with outdoor dining and the opening up of gyms, salons, and more.
  • To coop with stay-at-home orders, working out shifted to working “in.” If you haven’t read our report yet, take some time to read about companies that have benefited from the at-home fitness movement. Read here. 
  • Despite a new normal, PrivCo recorded over 1300 funding rounds in this quarter in the U.S. with many capital funding rounds by hard-hit businesses such as those by Macy’s and United Airlines. Other notable funding rounds include Waymo, Stripe, and Airbnb
  • We also recorded over 750 M&As notably Lululemon acquiring Mirror, Amazon of Zoox, Facebook of Giphy, and Just Eat Takeaway of Grubhub.
  • Notable IPOs of this quarter included Zoominfo, Vroom, and Nikola Motor.
Holiday spending went up
Retail sales rose slightly by 2.4% but brick and mortar stores took a huge hit. 
[WSJ]
When toilet paper ran out
If you haven’t heard, bidet sales are flying through the roof. 
[Business Insider]
Since last week, PrivCo has added:
10,300 Companies | 131 Funding Activities | 129 M&A Deals

Funding & Deal Highlights:

Perch Credit raises $2.5MM from multiple investors
Finance Software & Internet Services • Seed • Los Angeles, CA

Markable raises $5MM from NOMEIS ventures
E-commerce Software & Internet Services • Equity • Madison, WI

Boardable raises $8MM led by Base10 Partners
Document Management Software & Internet Services • Round A • Indianapolis, IN

KM2 Solutions raises funding from H.I.G. Capital
Advertising Software & Internet Services • Equity • New York, NY

Starburst Data raises $118MM from multiple investors
Technology Services • Round C • Boston, MA

Neomorph Raises $109MM from Deerfield Management
Biotechnology • Round A • San Diego, CA

CS Disco raises $40MM led by Comerica Incorporated
Analytics Software & Internet Services • Debt • Houston, TX

Adapt Health acquires AeroCare Holdings for $2BN
Health Care Services • Acquisition • Orlando, FL

Nuro acquires Ike Robotics
Commercial & Industrial Engineering • Acquisition • San Francisco, CA

Ouster merges with Colonnade Acquisition Corp
Commercial Products & Office Supplies • SPAC • San Francisco, CA

Forward to a Friend Forward to a Friend
Not a subscriber yet? Sign up here!
Website
Twitter
LinkedIn
Copyright © 2020 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | PrivCo.com | Contact Us
PrivCo Logo

Company

HomeSign inContactPricing