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Highlights of the Week (May 14, 2021)

Highlights of the Week (May 14, 2021)
May 14, 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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This week was a captivating and devastating week for news. The eruption of violence between Israel and Palestine has resulted in 83 deaths as of Thursday afternoon and shows no signs of slowing down. In India, the supplier of 40% of the world’s vaccines, confirmed COVID cases had reached 23 million by Tuesday. Meanwhile, in the U.S., the House GOP has doubled down on its Trump allegiance by ousting Representative Liz Cheney for calling out Trump’s claims of election fraud as lies. Lastly, if you haven’t filed your taxes yet, now would be a good time. The COVID-19 extended tax deadline is this Monday, May 17th.

In other news:

  • Google searches for “inflation” are surging to numbers not seen since 2008, signaling financial literacy might be something we could all learn. Luckily for the next generation, there’s been a boost in funding for startups creating fintech for kids
  • The modern-day equivalent of “busking”, or providing entertainment on the street for voluntary donations, might be tipping your favorite YouTube personality or Twitch gamer. Platforms are incentivizing creators to generate more content and a loyal fan base by offering virtual tip jars. Read more here.

  • Mental health has gone mainstream, with more people publicly sharing their anxiety and depression. Funding is flooding the mental-health tech space in response. Take a deep breath & read on.

  • This week, PrivCo released its first quarterly report on the 50 Top Growth Companies in Q1, 2021. From a deep dive into private companies' financials, hires, and fundings, we saw that healthtech and delivery startups that grew in 2020 (for obvious reasons) are continuing to grow. Meanwhile, an air of optimism is infiltrating the trends to come. Read our highlights and get the full report here.
Quick News

 😲 CDC says we can (mostly) shed our masks 

 🏦 Subprime mortgages get optimized with these startups

 😏 WeWork CEO’s convenient claim lights up the Internet

Pioneering chip launches out of Seattle

🏃 Need another reason to exercise? An end to existential crises.

 💊 A big dose of funding for biopharmaceutical startup Interline

Since last week, PrivCo has added:
533 Companies | 189 Funding Activities | 87 M&A Deals

Funding & Deal Highlights:

Apptopia raises $20MM from ABS Capital Partners

Analytics Software & Internet Services • Round C • Boston, MA

Thrilling raises $8.5MM from Prelude Ventures

Apparel Retail • Round A • Los Angeles, CA

Appia Bio raises $52MM from 8VC

Biotechnology • Round A • Los Angeles, CA

Nuvalent raises $135MM from Bain Capital

Biotechnology • Round B • Cambridge, MA

The Last Gameboard raises $4MM from The Venture City

Consumer Products • Seed • Denver, CO

SightCall raises $42MM from InfraVia 

Software & Internet Services • Round B • Denver, CO

Memora Health raises $10.5MM from Andreessen Horowitz

Mental Health Software & Internet Services • Equity • San Francisco, CA

Legion Technologies raises $50MM from Stripes Group

AI Software & Internet Services • Round C • Redwood City, CA 

Lili Financial Services raises $55MM from Group 11

Fintech Software & Internet Services • Round B • New York, NY

Adaptive Phage Therapeutics raises $40.8MM from Deerfield Management

Biotechnology • Round B • Gaithersburg, MD

Engageli raises $33MM from Corner Ventures

EdTech Software & Internet Services • Round A • San Mateo, CA

Acquco raises $160MM from Coventure

E-Commerce Software & Internet Services • Round A • Paramus, NJ

Kin Insurance raises $63.9MM from Senator Investment Group

Insurance Services • Round C • Chicago, IL

Innovusion raises $64MM from Bertelsmann Asia Investments

Commercial Products & Office Supplies • Round B • San Francisco, CA

Forte Labs raises $185MM from Griffin Gaming Partners

Game Software & Internet Services • Round B • San Francisco, CA 

Allergan acquires Soliton for $550MM

Health Care Equipment • Acquisition • Houston, TX

Centroid Investment Partners acquires TaylorMade Golf Company

Consumer Products • Acquisition • Carlsbad, CA

Godspeed Capital Management acquires Prime Engineering for $4.1MM

Commercial & Industrial Engineering • Acquisition • Atlanta, GA

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