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Goodbye 2020 - Q1 Edition

Goodbye 2020 - Q1 Edition
December 28, 2020

The Daily Stack is a daily market insight newsletter by PrivCo, a private market intelligence platform. Read our previous insights.
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In the last week of 2020, we look back on the events and major activities of each quarter. January through March was a quarter of anticipation that we couldn’t have expected to spiral into a pandemic. 

Credit: Unsplash

  • The Korean picture Parasite swept awards at the Oscars including Best Picture, a first for a foreign movie.
  • Even though most of the world didn’t know it then, the coronavirus was brought to attention by WHO at the beginning of January citing its origins from Wuhan, China. The virus eventually spread to other parts of the world by the beginning of March causing the worst stock market crash since 1987 and lockdown and quarantine announcements to follow. 
  • We lost a Laker Legend in Kobe Bryant, his daughter, and seven others in a helicopter crash.
  • Britain leaves the European Union while Prince Harry and his wife Megan, the Duchess of Sussex also leave the British royal family. The Duchess has since become a startup investor for Clevr Blends, an oat milk brand.
  • The Tokyo Olympic Games is postponed for a year, in an unprecedented move that has never occurred for the Games. Amateur and professional athletes have had to change their 
  • Documentary Tiger King becomes a phenomenon on Netflix as many are stuck at home during the onset of the pandemic.
  • PrivCo recorded over 1100 funding rounds in this quarter. Notable funding included $2.3BN raised by Waymo, $800MM by Vantage Data Centers, and $700MM+ by Juul
  • We also recorded over 1200 M&As notably Meetup by AlleyCorp, WellCare Health Plans by Centene Corporation, E-Trade by Morgan Stanley, and Plaid by VISA. 
Telegram looks at ways to monetize
The free instant messaging app service Telegram is reaching 500 million users and now it’s looking for ways to sell ads. 
VC funding for female dips
2020 has not been kind, but especially for female founders. 
Since last week, PrivCo has added:
10,300 Companies | 131 Funding Activities | 129 M&A Deals

Funding & Deal Highlights:

Superpedestrian raises $60MM 
Specialty Retail • Equity • Cambridge, MA

Very Good Security raises $60MM
Software & Internet Services • Round C • San Francisco, CA

Qualia Labs raises $65MM led by Tiger Global Management
Real Estate Software & Internet Services • Round D • San Francisco, CA

Topl raises $3MM led by Mercury Funds
AgTech Software & Internet Services • Seed • Houston, TX

WorkWhile raises $3.5MM
Human Resources Software & Internet Services • Seed • San Francisco, CA

ReturnSafe raises $3.3MM co-led by Fifty Years and Active Capital
Meditech Software & Internet Services • Equity • Austin, TX raises $40MM from Tritium Partners
Apparel Retail • Round A •Lehi, UT

Thoma Bravo acquires Property Management Software RealPage for $10.2BN
Software & Internet Services • Acquisition • Auburn Hills, MI

Vimeo will spin-off from IAC and operate as its own public company
Streaming Software & Internet Services • Spin-off • New York, NY

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

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