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Highlights of the Week (July 9, 2021)

Highlights of the Week (July 9, 2021)
July 9, 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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It was a short week but an eventful one in world news. President Jovenel Moïse of Haiti was assassinated on Tuesday, rushing the country into further tumult as police killed 4 suspects and took two others into custody. The global confirmed deaths due to COVID-19 hit 4M, and the Olympic games in Japan, starting in 2 weeks, won't have spectators due to a spike in COVID numbers. Sha’Carri Richardson, the fastest American woman in track & field, was barred from competing in the Games because of a positive drug test for marijuana. 
 

Here’s a look at this week’s top stories from PrivCo:

  • Tuesday we looked at the role of PIPEs in SPAC deals. PIPEs, or private investment in public equity, allow accredited investors, including institutional investors like hedge and mutual funds, to buy up a large portion of stock in a SPAC, generally at a discounted price. Can they change the notoriety of SPACs for good? Learn more here.

  • Our investor highlight this week focused on Sequoia Capital, known for its early investments in Oracle, Atari, and Apple as well as today’s big bets on luxury e-commerce with SSENSE and on-demand skilled professionals with Thumbtack. Find out more about them.

  • Do we have a right to laziness? The rapidly evolving consumer behavior of ordering everything from toilet paper to late-night snacks on-demand has brought a tide of investment into rapid delivery platforms. Find out more.

Since last week, PrivCo has added:
 
2099 Companies | 184 Funding Activities | 123 M&A Deals

Funding & Deal Highlights:

 

Mmhmm raises $100MM from Sequoia Capital

Video Software & Internet Services • Equity • San Francisco, CA
 

My Lemonade Stand raises $6.5MM from Animo Ventures

E-Commerce Software & Internet Services • Seed • Beverly Hills, CA
 

Arcade Solutions raises $4.5MM from Stage 2 Capital

HR Software & Internet Services • Seed • Dallas, TX
 

Psilera raises $2.5MM from Iter Investments

Biotechnology • Seed • Tampa, FL
 

Sauce Labs acquires Backtrace

Software & Internet Services • Acquisition • New York, NY
 

CF Acquisition Corp merges with Satellogic

Satellites Software & Internet Services • SPAC • Montevideo, Uruguay
 

US LBM Holdings acquires American Construction Source

Building Products Distributors • Acquisition • Springfield, MO
 

North American Pipe acquires LASCO Fittings

Building Products • Acquisition • Brownsville, TN

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