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Highlights of the Week (May 6, 2022)

Highlights of the Week (May 6, 2022)
May 6, 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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It might be a symptom of late-stage pandemic malaise, but I just tested positive for a travel bug. I’m tired of the doom and gloom news cycle, a continuous trail of friends catching mild-Covid, and the general Groundhog Day vibe of 2022. Surveys show I’m not alone. Nearly 90% of Americans have planned leisure trips, despite inflation, higher gas prices (flight costs are up 40%, according to Hopper), and a looming recession. As a remote worker, I’m looking at flights using to find airfare across multiple destinations. To save a few bucks on Airbnbs, there’s Trusted House Sitters, a site for pairing homeowners with pets and trustworthy travelers.

Meanwhile, here are the week’s top stories from PrivCo, in case you missed them:

  • Monday, we looked at the current housing market and the rise of renting. What factors contribute to this trend, and who’s out to give renters a boost? Find out.

  • Spent any time scrolling on TikTok lately? It turns out the average user is spending more than a full day on the platform each month (25.7 hours). Learn about the features driving this addiction and how influencer marketers are taking advantage of the winning app of the attention economy. Check it out.

  • If you’re still sitting out crypto investing, you’re not alone. Beyond the hype, there’s a surge in skeptics unmasking the contradictions and foibles of decentralized finance and Web3. Find out more.

  • With the unprecedented leak of the Supreme Court draft opinion to overturn Roe v. Wade, we checked in on women’s healthcare startups looking to fill the gap. See who they are.

Quick News:

🤳 Meta goes after TikTok’s creators in new program
📉 Tech selloff impacts worst market day in years
💰 The investors backing Musk’s Twitter purchase
🚘 Move over. Your Lyft carpool is back
📪 States draw line on telemedicine abortion pills

Since last week, PrivCo has added:
905 Companies |  309 Funding Activities | 149 M&A Deals

Funding & Deal Highlights:

Sensible Weather raises $12MM from Infinity

Forecasting • Round A • Santa Monica, CA

ShiftLeft raises $29MM from SYN

Cyber Security • Equity • Santa Clara, CA

Decrypt raises $10MM from ConsenSys

Publishing • Equity • Brooklyn, NY

Kintent raises $18MM from OpenView  

Enterprise Software • Round A • Boston, MA

Apnimed raises $62.5MM from Sectoral

Drug Research • Round C • Cambridge, MA

Network Perception raises $13MM from Westly Group

Cyber Security • Round A • Chicago, IL

Tubulis raises $63MM from Andera Partners

Drug Research • Round B • Munich, Germany

Point raises $115MM from WestCap Group

Fintech • Round C • Palo Alto, CA

AccelByte raises $60MM from SoftBank

Developer Tools • Round B • Redmond,WA

Heliogen raises $50MM from Woodside Fund

Renewable Energy • Equity • Pasadena, CA

eGroup acquires Enabling Technologies

IT Consulting • Acquisition • Estero, FL

OurFamilyWizard acquires Coz

SaaS • Acquisition • Seattle, WA  

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