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Highlights of the Week (July 2nd, 2021)

Highlights of the Week (July 2nd, 2021)
July 2, 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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The Fourth of July weekend has arrived, as Americans are eager to make up for socially distant (or nonexistent) celebrations from last year. About 47 million Americans will be traveling between the 1st & 5th, with 90% traveling by car. Are you one of them? If so, check out these tips on the best time to hit the road & what corridors to avoid.

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

  • We celebrated PRIDE with a look at the top private companies innovating by & for the LGBTQ+ community. We also remembered the celebration’s origins, starting with the Stonewall uprising. Find out more.

  • Tuesday’s investor profile dug into the real estate savvy venture capitalists of Moderne Ventures. We graded the firm's latest investments in real estate from the perspective of millennials, who stand to inherit trillions of dollars from Baby Boomers in the coming years. Check out those investments.

  • Monthly subscriptions have replaced many of our previously one-off purchases. The industry is expected to reach $1.5TN by 2025 and with it are some startup companies making it easier for retailers to integrate and manage subscriptions. Read all about it.

  • Yesterday we dug into the resale industry, making headlines in recent years with the glow-ups of The RealReal and Poshmark. The second-hand demand largely created by Gen Z has startups and retailers looking for a piece of the pie. Learn more about the future of resale.

Since last week, PrivCo has added:
 
631 Companies | 238 Funding Activities | 99 M&A Deals

Funding & Deal Highlights:

 

 

Moveworks raises $200MM from Alkeon Capital Management

AI Software & Internet Services • Round C • Mountain View, CA
 

Beeflow raises $8.3MM from Ospraie Management

Industrial Services • Round A • San Francisco, CA
 

Element Biosciences raises $276MM from Fidelity Management

Biotechnology • Round C • San Diego, CA
 

Toggle Industries raises $8MM from Tribeca Venture Partners

Industrial Machinery • Round A • Brooklyn, NY
 

Givingli raises $4MM from Seven Seven Six

Gifting Software & Internet Services • Seed • Beverly Hills, CA
 

Forum Brands raises $27MM from Norwest Venture Partners

Consumer Products • Round A • Palo Alto, CA
 

Life360 raises $2.1MM from Bryant Stibel

Software & Internet Services • Equity • San Francisco, CA
 

DataRobot raises $250MM from Tiger Global Management and Altimeter Capital

AI Software & Internet Services • Round G • Boston, MA
 

Drop Fake raises $9MM from March Gaming

Games Software & Internet Services • Seed • Oakland, CA
 

Payoneer Inc. merges with FTAC Olympics for $563MM

Fintech Software & Internet Services • Merger • Philadelphia, PA
 

Centerfield Media will acquire Datalot 

Insurance Services • Acquisition • Brooklyn, NY
 

TPG Capital provides $100MM in growth capital to EIS Group

Software & Internet Services • Growth Capital • San Francisco, CA
 

Providence Equity Partners provides growth capital to Sweetwater Sound

Specialty Retail • Growth Capital • Fort Wayne, IN

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