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Highlights of the Week (Mar 19, 2021)

Highlights of the Week (Mar 19, 2021)
March 19, 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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Notwithstanding the celebrations surrounding St. Patrick’s Day, this week we were saddened by the news of the eight victims killed in an apparent attack against Asian-Americans in the Atlanta spa shootings. This tragedy comes after a sharp increase in attacks and racism against Asian-Americans during the pandemic. We want to take a moment to urge our readers to look into resources like this one compiled by Playbill on how to support the AAPI community and take a stand against racism.

  • This week saw a number of $300MM+ funding rounds raised by Stripe, Squarespace, Weee, ElevateBio, and Insitro. Notably, Stripe is now the most valuable startup in the US and only second to TikTok’s parent company Bytedance globally. For a deeper dive into Stripe’s business, view our detailed report
  • Autonomous trucks are taking to the roads, with demand driven by increased e-commerce and the growth of logistics. Even Amazon is testing them now. Read more.
  • Meanwhile, mobility is also taking to the air. More and more air taxi startups are gaining the attention of SPACs and other investors. One air taxi company says it will be operational in NYC by 2025, shortening a 1 hr+ long nightmare ride from Manhattan to JFK to just 6 minutes. Read more.
  • Cannabis has seen a lot of growth recently, with new legislation after a breakthrough during the 2020 elections. But there’s another developing drug that has seen more doors open for new drug therapy, especially depression. Dive deeper.
  • Despite the SEC issuing a warning about celebrity-backed SPACs and the dangers of investing in them, the SPAC bubble only seems to be getting bigger. KKR is the latest to join the SPAC IPO with the newly IPOed KKR Acquisition Holdings I Corp. Review the SPAC trend.
Quick News
Since last week, PrivCo has added:
502 Companies | 177 Funding Activities | 171 M&A Deals

Funding & Deal Highlights:

SecurityScorecard raises $180MM led by Silver Lake Partners
Cyber Security Software & Internet Services • Round E • New York, NY

Coalition raises $175MM led by Index Ventures
Cyber Security Software & Internet Services • Round D • San Francisco, CA

Autobooks raises $25MM led by MissionOG
Accounting Software & Internet Services • Round B • Troy, MI

Nimble Robotics raises $50MM co-led by DNS Capital and GSR Ventures
Fulfillment Software & Internet Services • Round A • San Francisco, CA

AcreTrader raises $12MM led by Jump Capital
Agriculture Facilities Software & Internet Services • Round A • Fayetteville, AR

JetClosing raises $11MM led by T. Rowe. Price Associates
Real Estate Software & Internet Services • Round B • Seattle, WA

Monte Rosa Therapeutics raises $95MM led by Avoro Capital Advisors
Biotechnology • Round C • Brighton, MA

GloveBox raises $3MM led by Prelude Fund
Insurtech Software & Internet Services • Seed • Denver, CO

LinearB raises $16MM
IT Consulting Software & Internet Services • Round A • Los Angeles, CA

Recorded Future acquires Gemini Advisory for $52MM
Cyber Security Software & Internet Services • Acquisition • Miami, FL

Lumentum Holdings acquires Coherent for $6.9BN
Industrial Products • Acquisition • Santa Clara, CA

Oaktree Capital Management backs Azorra Aviation with $350MM
Aviation Professional Services • Growth Capital • Fort Lauderdale, FL

DartPoints acquires Immedion 
Disaster Recovery Technology Services • Acquisition • Greenville, SC

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