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Highlights of the Week (July 15, 2022)

Highlights of the Week (July 15, 2022)
July 15, 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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There's nothing like a positive Covid test to throw a wrench in your weekend plans. After a recent event that had me hugging and chatting with more people than before the start of Covid, I finally have come down with Covid. Thankfully, my symptoms are mild: muscle aches, brain fog, and fatigue.

It seems that everyone is getting Covid right now, particularly among people who previously seemed immune. The data support my perception. This new variant, BA.5, is considered a highly infectious, even if less potent, variant that requires a rethink on our mask-free, sanitizer-less ways of recent months. Covid is not over.

Here’s a recap of the week’s top stories:

  • We regrouped and responded to the increasing number of headlines showing hiring freezes, rescinded job offers, and layoffs. The power dynamics of workers vs. employers seem to be restabilizing to pre-pandemic levels. Find out more.

  • Drinking my morning coffee is one of my favorite activities of the day. So we wrote a love letter to coffee roasters and the startups fueling our days. Check it out.

  • Wednesday, we looked at how smart-home technology is vulnerable to hackers. From bored teenage pranksters to more sinister figures, find out who is hacking our thermostats and doorbells here.

  • What goes up must come down, and that is certainly the case with special purpose acquisition companies. What’s happening with SPACs? Find out.

Quick News:
😟What does a bad mood mean for the economy?
🖥️Congress has its say on the semiconductor shortage
🔥The Texas grid can’t handle crypto miners
🚩Victoria’s Secret's rebrand raises eyebrows
⛓️What’s Italian for “antitrust?” Asking for Google
Since last week, PrivCo has added:
1,598 Companies |  114 Funding Activities | 160 M&A Deals

Funding & Deal Highlights:

Nexii raises C$45MM from Horizon Technology

Building Products • Equity • Vancouver, BC

IRALOGIX raises $22MM from Matt Vettel

Fintech • Round C • Pittsburgh, PA

Provus raises $12MM from Norwest

SaaS • Round A • Saratoga, CA

Xilis raises $19MM from FPV

Drug Research • Round A • Durham, NC

Assembly raises $38MM from Fifth Wall

Architecture • Round A • New York, NY

Wildcat Discovery raises $90MM from Koch

Energy • Round D • San Diego, CA

AssemblyAI raises $30MM from Insight Partners

API • Round B • San Francisco, CA

Merlin Labs raises $105MM from Snowpoint 

SaaS • Round B • Boston, MA

Capchase raises $400MM from i80 Group

Finance • Debt • New York, NY

FPL Technologies raises $100MM from Temasek 

Fintech • Round D • Pune, India

Johnson Controls acquires Foghorn

Software • Acquisition • Sunnyvale, CA

Action Power acquires Don & Roy’s Cycle Shop

Parts • Acquisition • Brookfield, WI

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