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Highlights of the Week (July 1, 2022)

Highlights of the Week (July 1, 2022)
July 1, 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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Happy July 4th holiday!

A week after the Supreme Court voted to overturn Roe v. Wade, the effects of the decision on women’s healthcare have become more apparent. Texas, whose trigger laws went into full effect after the decision, has one of the strictest abortion laws in the country, and its nurses and physicians are worried. Medical situations unrelated to a woman’s choice to end a pregnancy, such as ectopic pregnancies (i.e., when a fertilized egg begins to grow outside of the uterus) and prescriptions for medications that could be feasibly used for an abortion, now sit in a gray area between a medical professional’s opinion and the law on that particular state's books.

Constitutional lawyers, women’s rights activists, and some companies have become vocal about the repeal of a 50-year-old precedent. Frustrated young people bemoan the Democratic party for doing nothing to codify Roe and then using the event as a fundraising plea. Rather than taking to the streets, some activists are calling for an all-out “No Buy July”. The sentiment goes something like this: “they” don’t care about our signs or slogans, so mess up the economy. 

Meanwhile, here's what we covered this week on the Daily Stack:
 

  • June is Pride month. We celebrated with a look at the out & proud leaders from Fortune 500 companies to early-stage startups. Be proud.
  • I’m still wondering when robots might be able to scrub my apartment and move my car on street-cleaning days. We looked at advancements in robotic technologies, primarily built for supply-chain solutions and warehouse workers. Learn more.
  • Companies are going public this year at a snail’s pace. We consider the contributing factors and the companies hoping to debut in the fall. Find out more.
  • Finding the best tech talent might mean expanding your pool of candidates. And as the world moves to a remote workforce, international teams are growing. We highlighted some HR tech companies handling the paperwork for global teams. Check it out.
Quick News:

 💨 Supreme Court limits EPA powers

🤐 Why Big Tech is quiet on abortion rights

🤑 Covid data apps are switching to commercial profit mode

🗳️ More than half of Americans are living paycheck to paycheck

🐎 Hang onto your hats; there's more volatility ahead

Since last week, PrivCo has added:
 
2,006 Companies |  238 Funding Activities | 165 M&A Deals
 

Funding & Deal Highlights:

Cleo raises $80MM from Sofina

Apps • Round C • England, UK
 

Evolved by Nature raises $120MM from Teacher’s Venture 

Biotechnology • Round C • Medford, MA
 

Tomorrow Health raises $60MM from Bond

Home Health • Round B • New York, NY
 

Twelve raises $130MM from DCVC

CleanTech • Round B • Berkeley, CA
 

TaskHuman raises $20MM from Madrona

Apps • Round B • Saratoga, CA
 

Stake Network raises $12MM from RET

Fintech • Round A • Seattle, WA
 

Normalyze raises $22.2MM from LightSpeed 

Cloud • Round A • Los Altos, CA
 

Ria Health raises $18MM from SV Health

Rehabilitation • Round A • San Francisco, CA
 

Regard raises $15.3MM from Foundry

Software • Round A • Los Angeles, CA 
 

Modular raises $30MM from GV

Cloud • Seed • United States 
 

Influential Drones acquires Buzz My Property

Drones • Acquisition • Mt. Laurel, NJ 
 

UL Solutions acquires Data Test Labs 

Simulation • Acquisition • Plymouth, MI

 

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