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🍸Cheers and Happy Holidays!

🍸Cheers and Happy Holidays!
December 23, 2020

From all of us at PrivCo and the Daily Stack, thank you for being a subscriber, and Happy Holidays! If you like what you have read so far, be sure to forward this email to a friend. 
We will see everyone again next week as we take Christmas Eve and Christmas Day off.


As we are off to a long weekend for the holidays, what better time to look at the wine delivery services industry. Online alcohol sales have already thrived as a result of COVID-19 according to studies by Nielsen, by a whopping 477% and we wouldn’t expect less during this Christmas holiday. 

  • Drizly is an online marketplace for alcohol and has grown tremendously as a result of the pandemic, helping customers buy from independent alcohol retailers nearby. They reported 350% growth from last year and doubled the number of retailers since January. It also received equity funding in August led by Avenir. The company was established in 2012 in Sherborn, Massachusetts. 
  • Minibar was founded in 2013 in New York and offers alcohol delivery through its platform. It is available in a number of large cities and recently expanded into Georgia, Atlanta. The platform even offers weekly or monthly subscription services partnering with local retailers. 
  • Ironstone Vineyards from Murphys, California sells its wines produced from its winery online. Like many wineries that also relies on actual foot traffic, the pandemic has done a hard toll. Most have survived with online tasting experiences, sales promotions, and curbside picking. Ironstone Vineyards remains optimistic and has not cut back on its wine production this year. 
  • Abita Brewing was founded in 1986 in Covington, Louisiana, and is one of the biggest local breweries there. Craft beer became a growing trend in the 1990s, especially among millennials, although modern craft beer dates back to the 1960s. The company offers many signature and seasonal beers and is even sold in one of the Disney World locations in Florida. 
  • Yankee Spirits is located in Sturbridge, Massachusetts, and operates four alcohol superstores selling wine, beer, and spirits, and they proclaim to be the largest in New England by volume by utilizing warehouse space to purchase in volume, while also leveraging their online portal to continue to sell to customers during the pandemic.
Home sales slows down
Amid rising prices and record-low supply, existing home sales are slowing down. The housing market boomed during the pandemic.
[Business Insider]
Video games industry is bigger than you think
Thanks to the pandemic, global gaming sales have reached almost $180BN, bigger than sports and movies combined. 
[MarketWatch]
Since last week, PrivCo has added:
9639 Companies | 133 Funding Activities | 177 M&A Deals

Funding & Deal Highlights:

OneTrust raises $300MM led by Technology Crossover Ventures
Compliance Software & Internet Services • Round C • Atlanta, GA

Ironclad raises $100MM from Bond Capital
CRM Software & Internet Services • Round D • San Francisco, CA

The Lifetime Value Co. raises $150MM led by Morgan Stanley
Big Data Software & Internet Services • Equity • Atlanta, GA

TAP Network Holdings raises $4MM
Banking Software & Internet Services • Round A • New York, NY

Group14 Technologies raises $17MM led by SK Holdings
Chemicals & Plastics • Round B • Woodinville, WA

Bolt Financial raises $75MM co-led by West Capital Partners and General Atlantic
Marketplace Software & Internet Services • Round C-1 • Montebello, CA

Apartment List raises $50MM
Real Estate Software & Internet Services • Equity • San Francisco, CA

Avenue 8 raises $8MM from Zigg Capital, Good Friends, and Craft Ventures
Real Estate • Seed • San Francisco, CA

Electric Last Mile merges with Former Merger III Corp in a $1.4BN deal
Vehicle Manufacturers • SPAC • Auburn Hills, MI

Lockheed Martin acquires Aerojet Rocketdyne for $4.4BN
Aerospace & Defense • Acquisition • Canoga Park, CA

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