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A Personal Note 📔

A Personal Note 📔
December 7, 2020

The Daily Stack is a daily market insight newsletter by PrivCo, a private market intelligence platform. Read our previous insights.
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Note-taking apps are making a comeback. From the free versions available from Apple, Microsoft, and Google to a range of paid versions that allow you to “do more,” including syncing your notes across devices and storing them in the cloud, investors are taking a second look at the convenience of note-taking apps as productivity apps help WFH-ers juggle and balance tasks remotely. 

Photo Source: Bear

  • Roam Research, founded in 2018 in San Francisco, received its seed funding in September of $9MM throwing it into a $200MM valuation. And this was all achieved after launching its product to the public just last fall. The power of the tool lies in its ability to interlink between documents. 
  • Coda also raised a fresh Round C of funding in August after 5 years of organic growth and has doubled its valuation as a result. The company was founded in 2014 in San Francisco and prides itself on being able to integrate notes between spreadsheets.
  • Notion Labs raised $50MM in April, helping it receive its shiny unicorn status. Moving beyond individual note-taking, Notion allows teams to manage notes and checklists together, boldly stating it can replace other workplace productivity programs like Asana, Confluence, Jira, and more. It has exploded in growth as the pandemic pushed teams to work remotely as a way to keep track of work progress. The company was founded in 2016 in San Francisco.  
  • Bear is the designer’s dream of note-taking apps with a heavy focus on the esthetics of the app, using “write beautifully” as its key selling point. The note application is only available for iOS and is consistently one of the top-performing apps. In a blog post published in 2018, the company has mentioned it wants to keep a lean, private organization without taking outside investment, focusing on organic growth through its paid subscription income. 
  • Notability is one of the older note-taking companies and was founded in 2008 in San Francisco. Its core strength lies in the ability to create handwritten notes with a stylus in addition to recording audio, a function that hits home for online learning. The company recently launched a new tool called Twoird which aims to declutter the email inbox. 
  • Evernote is the king of note-taking applications for its early success riding on the shift towards smartphone and mobile note-taking but is coined a failed unicorn. It has had a bumpy ride since its founding in 2007 including multiple scalebacks, layoffs and even going through a phase of trying to expand into a lifestyle brand. Although it continues to be plagued by newer companies like those previously mentioned, its refocus towards the product includes the launch of a major redesign in September.
Robo-taxi deploys in China
Self-driving startup AutoX announced that a set of self-driving taxis are taking over the streets of Shenzhen, China, and is the first for the country. Waymo is the first to launch driverless programs last year in the world.
[Read more]
AMC to sell shares to meet cash needs
After Warner Bros. announced its 2021 releases would debut on HBO Max the same day as theatrical debuts, stocks fell. The company will raise money by selling 200 million shares. 
[Read more]
Since last week, PrivCo has added:
1028 Companies | 129 Funding Activities | 212 M&A Deals

Funding & Deal Highlights:

Bizzabo raises $138MM led by Insight Partners
Events Software & Internet Services • Round E • New York, NY

Actasys raises $5MM co-led by Volvo and NextGear Ventures
Commercial & Industrial Engineering • Seed • Watervliet, NY

Novakid raises $4.25MM led by PortfoLion
EdTech Software & Internet Services • Round A • San Francisco, CA

Antenna raises $4.2MM led by Raine Ventures
Analytics Software & Internet Services • Seed • Long Island City, NY

CoreStack raises $4MM from Iron Pillar
Software & Internet Services • Equity • Bellevue, Washington

BuildBuddy raises $3MM led by Y Combinator
Software & Internet Services • Seed • Palo Alto, CA

Sourcegraph raises $50MM led by Sequoia Capital
Search PaaS Software & Internet Services • Round C • San Francisco, CA

JP Morgan acquires fintech company 55ip
Software & Internet Services • Acquisition • Mill Valley, California

Starcity acquires co-living company Ollie
Real Estate • Acquisition • New York, NY

Olive AI acquires Verata Health
Health Care Services • Acquisition • Minneapolis, MN

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