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Highlights of the Week (June 18, 2021)

Highlights of the Week (June 18, 2021)
June 18, 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 Saturday is Juneteenth, the annual commemoration of the day a Union officer announced -- in Galveston, Texas in 1865 -- the end of the Civil War and the end of slavery. Yesterday, President Biden signed a bill making Juneteenth an official Federal holiday. 

Many corporations have already enacted a workplace Juneteenth closure in the wake of last summer’s protests of police brutality against Black people. But many Americans aren't satisfied and are demanding that corporations end the practice of hiring prison labor, a practice that is increasingly seen as the slavery loophole.

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

  • Younger consumers who’ve been through the 2008 recession, Occupy Wall Street, and now the pandemic, are turning to the credit system of buy-now, pay-later (BNPL) rather than traditional bank credit cards. We looked at the startups offering retailers bigger checkouts through installment payments. Read about BNPL here.

  • Lerer Hippeau has made early investments in some of the biggest D2C e-commerce brands of the last decade. We take a look at the firm's areas of interest, recent investments, and new SPAC. Get to know LH.

  • Autonomous driving is high on the wish-list for the next scientific innovation. But as innovators in the field spend most of their time on passenger vehicles, self-driving cargo trucks are the next best thing, promising supply chain efficiencies that translate to some serious profit increases. Check out the road ahead.

  • The pandemic exacerbated the trend towards e-commerce chipping away at established retailers. Yesterday, we looked at the success of Boxed and others in the wholesale space, taking a cut out of Costco. Find out more.
Quick News
Since last week, PrivCo has added:
398 Companies | 156 Funding Activities | 187 M&A Deals

Funding & Deal Highlights:


Thumbtack raises $275MM from Qatar Investment Authority

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

MemoryOS crowdfunds $350,000

EdTech Software & Internet Services • Crowdfund • Lewes, DE

Duda raises $50MM from Claridge Israel

Web Design Software & Internet Services • Round D • Palo Alto, CA raises $10MM from Draper Esprit

Database Software & Internet Services • San Francisco, CA

Get Together raises $170MM from SoftBank Vision Fund

Software & Internet Services • Round C • San Francisco, CA

The Mentor Method raises $1.4MM from Alumni Ventures Group

Software & Internet Services • Seed • Austin, TX

R-Zero raises $41.5MM from World Innovation Lab

Health Care Equipment • Round B • Salt Lake City, UT

ecoATM raises $75MM from Cowen Sustainable Advisors

Specialized Consumer Services • Equity • San Diego, CA

Phase Four raises $26MM from New Science Ventures

Aerospace & Defense • Round B • El Segundo, CA

Smartest Edu raises $70MM from Summit Partners

EdTech Software & Internet Services • Equity • Santa Monica, CA

The Blackstone Group and Vista Equity will acquire Ellucian Company

EdTech Software & Internet Services • Acquisition • Reston, VA  

Uberall GmbH will acquire MomentFeed for $55MM

Software & Internet Services • Acquisition * New York, NY

Shutterfly to acquire Spoonflower for $225MM

E-Commerce Software & Internet Services • Acquisition • Durham, NC

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