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Facebook, Instagram and Threads were all down in outage

Facebook, Instagram and Threads were all down in outage
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
March 6, 2024

What We're Reading

  • Facebook, Instagram and Threads were all down in massive Meta outage on Super Tuesday [TechCrunch]
  • Google takes aim at SEO-optimized junk pages and spam with new search update [TechCrunch]
  • What Target's new $49 membership gets you [Business Insider]
  • Deel acquires Africa’s PaySpace, says it’s crossed $500M in ARR [TechCrunch]

Trending Companies


Particle, a firm that operates an online platform for news, raises $4.4MM Seed from Kindred Ventures.

Personalization • San Rafael, CA • Post-Money Valuation


FogPharma, a biopharmaceutical company focused on developing a novel class of drugs to address limitations in current precision medicines, raises $145MM Series E from Nextech Invest.

Pharmaceuticals • Cambridge, MA • Post-Money Valuation


Prolocor, a biotechnology company focused on advancing cardiovascular disease diagnostics, raises $1.7MM Equity Funding from Green Park & Golf Ventures.

Biotechnology • Philadelphia, PA • Post-Money Valuation


EasyKnock, a real estate technology company that offers innovative sale-leaseback solutions, allowing homeowners to sell their homes while retaining the option to lease, raises $28MM Series D from Northwestern Mutual Future Ventures.

Real Estate Technology • New York, NY • Post-Money Valuation


PawCo Foods, a pet food company that provides sustainable and nutritious plant-based pet food, raises $2MM Seed from  Elevate Ventures.

Pet Products • San Francisco, CA • Post-Money Valuation


BlossomHill Therapeutics, a small molecule drug discovery and development company focused on unmet medical needs in oncology and autoimmune disorders.

Therapeutics • San Diego, CA • Post-Money Valuation


Karma3, a company that developed a decentralized reputation protocol to enable developers create applications and run communities using an open ranking and recommendation layer, raises $4.5MM Seed from IDEO CoLab Ventures.

Reputation • Los Altos, CA • Post-Money Valuation


Passes, a firm that develops invite-only brand-friendly paywall platform, raises $40MM Series A from Bond Capital.

Platform • Miami, FL • Post-Money Valuation


Baseten, a company that builds developer tools to help incorporate machine learning into business operations, raises $40MM Series B from IVP.

Developer Tools • San Francisco, CA • Post-Money Valuation

Senske Services acquires Turf Doctor, a firm that offers lawn care and pest control services.

Lawn & Garden • Augusta, ME • Deal


Marsh McLennan Agency completes acquisition of Querbes & Nelson, a provider of insurance and risk management solutions for individual and business customers.

Insurance • Shreveport, LA • Deal


Iridium acquires Satelles, a firm that delivers a location and global time system that is independent from GPS.

Satellites • Reston, VA • Deal


Netsurit acquires iTEAM Consulting, an IT Managed Service Provider offering comprehensive solutions for businesses.

IT Management • Albuquerque, NM • Deal


Summit Partners invests in Insurcomm, a company specializing in fire and water damage cleanup, mold restoration, remodeling, and reconstruction.

Restoration • Portsmouth, NH • Deal


Graybar Acquires Blazer Electric Supply, a wholesale distributor of electrical supplies.

Electrical • Colorado Springs, CO • Deal completes acquisition of Pangiam, a company that develops customized software intended for the federal government and commercial customers.

Software • McLean, VA • Deal


Lee Equity Partners acquires PCS Retirement, a retirement solution company that offers record-keeping services.

Retirement • Philadelphia, PA • Deal


Veradigm completes acquisition of ScienceIO, a company that develops develops a biomedical language platform for biomedical data analysis.

SaaS • Boston, MA • Deal


DAS Health acquires VCPI, a company that provides information technology (IT) support and services intended for industries such REIT, private equity, architecture and design and others.

IT Consulting • Milwaukee, WI • Deal


Avion Solutions acquires Synectic Research, a company that provides aerospace engineering and integrated product support within the aerospace and defense sectors.

Industrial Products • Huntsville, AL • Deal

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