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Goodbye 2020 - The Summer Q3 Edition

Goodbye 2020 - The Summer Q3 Edition
December 30, 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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With only two more days till the end of 2020, we look back on some of the events and major activities of the third quarter between July to September. Warmer weather helped slow down the coronavirus spread but also led to deadly wildfires throughout the West Coast. 


San Francisco City after Labor Day Fires Credit: Unsplash

  • The Black Lives Movement continued to gain momentum, although some protesting turned violent including a crackdown with federal officers in Oregon. But the movement has had long-lasting effects as more employers begin to address diversity issues as employees begin to speak up.
  • We bid sad goodbyes to a number of monumental figures such as Supreme Court Justice Ruth Bader Ginsburg, former United States Representative John Lewis, Black Panther actor Chadwick Boseman, and TV presenter and game show host Regis Philbin. 
  • The first and chaotic presidential debate between Donald Trump and Joe Biden also took place this quarter.
  • Deadly wildfires erupted through California to Washington state for most of this quarter, lighting the skies red and causing substantial damage to properties and 30+ fatalities. 
  • Meanwhile, the Beirut port explosion caused by the accidental detonation of improperly stored ammonium nitrate improperly stored kills hundreds and injures thousands. 
  • Despite the disruption, sports seasons resumed in ‘bubble tournaments.’
  • PrivCo recorded over 1400 funding rounds in this quarter in the U.S. with notable funding rounds raised by Robinhood, Rivian Automotive, Epic Games, Zwift, and Chime Bank
  • We also recorded over 750 M&As notably Uber acquiring Postmates, Illumina acquiring Grail, Seven-Eleven purchasing Speedway Super America, Siemens Healthcare of Varian Medical Systems, and NVIDIA of ARM Holdings
  • There was an IPO rush this quarter especially amongst the companies that had plans to go public earlier. Notable IPOs included Lemonade, BigCommerce, Snowflake, Amwell Health, Unity, Palantir, and Asana
Opportunities in the space market
The launch market boom was big but new space ventures are out of this world. 
[TechCrunch]
Enterprise software still hot
Many enterprise software made big pops from Snowflake to Slack but we don’t see it slow down. 
[Crunchbase]
Since last week, PrivCo has added:
10,300 Companies | 131 Funding Activities | 129 M&A Deals

Funding & Deal Highlights:

Zuoyebang raises $1.6BN 
E-learning Software & Internet Services • Round E • Beijing, China

WeRide raises $200MM led by Zhengzhou Yutong Bus
Autonomous Vehicles Technology Services • Equity • Guanzhou, China

Glance InMobi raises $145MM
Mobile Software & Internet Services • Equity • Bengaluru, India

Oxygen raises funding from Venture University
Neo Banks • Equity • San Francisco, CA

Echelon Fitness Multimedia raises $65MM from Goldman Sachs Group
Fitness Consumer Products • Equity • Chattanooga, TN

Crave Delivery raises $7.3MM led by StageDotO Ventures
Food Service Software & Internet Services • Seed • Boise, ID

Peptilogic raises $35.4MM led by Presight Capital
Biotechnology • Round B • Pittsburgh, PE

Project44 raises $100MM led by Insight Partners
Logistics Software & Internet Services • Round D • Chicago, IL

DASH Systems raises funding led by 8VC
Aerospace & Defense • Seed • Hawthorne, CA

Bloomberg acquires Second Measure 
FinTech Software & Internet Services • Acquisition • San Mateo, CA

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