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Highlights of the Week (Apr 16, 2021)

Highlights of the Week (Apr 16, 2021)
April 16, 2021

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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This week marked the start of Ramadan, so we wish Ramadan Mubarak to our Muslim readers.

Despite a promising start toward normalcy in 2021, there have been setbacks this week. First, the administration halted the Johnson & Johnson vaccine due to a rare blood-clotting disorder in a handful of patients, Then Minnesota saw another death of a black man by an active police officer, leading to days-long protests in Brooklyn Center, not far from an ongoing trial for another murder of a black man by a police officer. Meanwhile, crypto exchange company Coinbase’s direct listing on the Nasdaq marks a landmark moment for the cryptocurrency space, as the company soared to an $85.7BN valuation on its first day of trading.

  • The success of Coinbase is another hint at the optimism of financial tech startups and the potential of the current most-valued US startup (aka Stripe) when it goes public. Read more.
  • Even though the positive public listings of some of the recent buzzy startups mean we are excited to see the next highly valued startups such as Instacart, UiPath, and Robinhood go public, we also cannot ignore that valuing startups is a tricky business. Dive deeper into what we mean.
  • In addition to cryptocurrency, blockchain has gathered newfound interest from new investors. Baseball cards are now being traded via NFTs, and the company that is pioneering them is finally going public, after operating privately for 80 years. Read more.
  • Warehouse robotics is seeing newfound attention, from Softbank’s investment into Norwegian robotics company AutoStore to the SPAC of robotics development company Berkshire Grey. But perhaps to witness even more innovation, we need to look East at the advanced robotics development that has been fueling the growth of e-commerce. Dive deeper.
Quick News
Since last week, PrivCo has added:
1714 Companies | 234 Funding Activities | 111 M&A Deals

Funding & Deal Highlights:

Astranis raises $250MM led by BlackRock
Aerospace & Defense • Round C • San Francisco, CA

Scale AI raises $325MM
Autonomous Vehicles Software & Internet Services • Round E • San Francisco, CA

Jaguar Gene Therapy raises $139MM co-led by Eli Lilly and Company and Deerfield Management
Biotechnology • Round B • Lake Forest, IL

Degreed raises $153MM co-led by Riverwood Capital and Sapphire Ventures
E-learning Software & Internet Services • Round D •  Pleasanton, CA

EcoCart raises $3MM led by Base10 Partners
Supply Chain Management Software & Internet Services • Seed • San Francisco, CA

Veriff raises $69MM co-led by IVP and Accel Partners
Cyber Security Software & Internet Services • Round B • New York, NY

Battery Resourcers raises $20MM led by Orbia Ventures
Industrial Services • Round B • Worcester, MA

SafeGuard Cyber raises $45MM led by NightDragon Security
Cyber Security Software & Internet Services • Debt & Equity • Charlottesville, VA

DoControl raises $10MM led by RTP Global
Cyber Security Software & Internet Services • Round A • New York, NY

HawkEye 360 raises $55MM led by NightDragon
Satellites Software & Internet Services • Round C • Herndon, VA

Wyng raises $2MM
Digital Marketing Software & Internet Services • Equity • New York, NY

Tagger Media raises $8.5MM from Five Elms Capital
Influencer Marketing Software & Internet Services • Round A • Santa Monica, CA

Moray Medical raises $5.7MM led by 415 Capital
Health Care Products • Seed • Mountain View, CA

MOUND raises $1.6MM
Fintech Software & Internet Services • Seed • San Francisco, CA

GumGum raises $75MM from Goldman Sachs Private Equity
Adtech Software & Internet Services • Equity • Santa Monica, CA

Territory Foods raises $22MM led by U.S. Venture Partners
Food & Beverage Producers • Round B • Arlington, VA

Thermo Fisher Scientific nears deal to acquires PPD for $20.9BN
Pharmaceuticals • Acquisition • Wilmington, NC

Sverica Capital Management strategically invests in WinWire Technologies
Technology Services • Growth Capital • Santa Clara, CA

WindRose Health Investors recapitalizes Bluestone Physician Services
Health Care Providers • Recapitalize • Stillwater, MN

Endologix acquires PQ Bypass
Health Care Services • Acquisition • Sunnyvale, CA

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