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Tech Spending is Holding Steady, Even in a Downturn

Tech Spending is Holding Steady, Even in a Downturn
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
Oct 6, 2022

What We're Reading

Tech Spending Holding Steady Despite Downturn (Battery Ventures) Profile
Notion Wants to Become the Next Microsoft (Protocol) Profile
E-Bikes Are Becoming an Urban Status Symbol (Quartz) Company List
Apple Forced to Standardize Charger for Next iPhone (Bloomberg) Profile
Scooter Executives Head for the Exits (Newcomer) Company List
Fraud, Scam Cases Increasing on Zelle, Senate Reports (APNews) Profile

Trending Companies

Tally, a financial automation company that offers a platform to help automate credit card debt payment services and analyzes customer financial profiles to pay debt easily, raises $80MM Series D from Sway Ventures.

Fintech • San Francisco, CA • Post-Money Valuation


Cellarity, a company that develops medicines through an understanding of cell behaviors, raises $121MM Series C from Flagship Pioneering.

Drug Research • Somerville, MA • Post-Money Valuation


LineVision, a company that develops line monitoring systems designed to improve the efficiency, flexibility, and safety of utility overhead lines, raises $33MM Series C from S2G Ventures.

Technology • Somerville, MA • Post-Money Valuation


Sonara Health, a developer and operator of healthcare technology, raises $3MM Seed from First Trust Capital Partners.

Healthcare • Dallas, TX • Post-Money Valuation


Vergent Bioscience, a developer of a tumor-targeting imaging technology used in surgical practice, raises $21.5MM Series B from Orlando Health Ventures.

Healthcare Technology • Minneapolis, Minnesota • Post-Money Valuation


CXL Ophthalmics, a company that develops a minimally-invasive treatment for ectatic corneal disease, raises $32MM Series A from AXA IM Alts through its Global Health Private Equity Strategy.

Drug Research • Encinitas, CA • Post-Money Valuation


LearnLux, a company that offers financial wellness software to help equip employees with a financial plan, raises $10MM Series A from Crosslink Capital.

Fintech • Boston,MA • Post-Money Valuation


Athletes Unlimited, a network of professional women's sports leagues that features the world's best professional athletes competing in leagues in softball, indoor volleyball, basketball, and lacrosse, raises $30MM Equity Funding from Schusterman Family Investments.

Sports • New York, NY • Post-Money Valuation


EnPlusOne Biosciences, a biotechnology company harnessing the power of enzymes to synthesize RNA oligonucleotides, raises a $12MM Seed from Northpond Ventures.

Drug Research • Watertown, MA • Post-Money Valuation


Alloy Therapeutics, a company that develops drug discovery platforms designed to promote and facilitate antibody discovery projects, raises $42MM Series D from 8VC.

Biotechnology • Waltham, MA • Post-Money Valuation

Since last week, PrivCo has added:
1225 Companies | 229 Funding Activities | 163 M&A Deals


The Lip Bar, a firm that develops and manufactures vegan and cruelty-free beauty cosmetic brands, raises $6.7MM in Equity Funding from Pendulum.

Cosmetics • Detroit, MI • Post-Money Valuation


Ventus Therapeutics, a company that develops small molecule drugs that target autoimmune diseases, inflammatory diseases, and cancer, raises $70MM in Equity Funding from Novo Nordisk.

Biopharmaceutical • Montreal, Canada


Candle Labs, operator of a blockchain technology platform that offers an all-in-one suite of financial products, raises $48MM Seed from undisclosed investors.

Fintech • Dover, DE • Post-Money Valuation


Equi, an alternative investment strategies platform, raises $15MM Series A from Smash Capital.

Investment Management • Austin, TX • Post-Money Valuation


ShopBack, a developer of a shopping and rewards platform, raises $80MM Series F from 65 Equity Partners.

E-Commerce • Singapore, Singapore


Exponential DeFi, a platform developer intended for investment and access to decentralized finance, raises $14MM Seed from Paradigm.

Blockchain • San Francisco, CA • Post-Money Valuation


Trash Warrior, a company offering a tech-enabled platform of waste management services for business clients, raises $8MM Seed from Altair Capital.

Software • San Francisco, CA • Post-Money Valuation


Imperial Dade acquires Dees Paper Company, a company that distributes janitorial sanitation and food service products.

Commercial Products • Mobile, AL • Deal


ASGN Incorporated acquires Iron Vine Security, a company that designs, implements, and executes cybersecurity programs.

Cyber Security • Washington, DC • Deal


Pfizer announced the acquisition of Biohaven Pharmaceutical, a biopharmaceutical company focused on developing compounds modulating the glutamatergic system.

Research & Development • New Haven, CT • Deal


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