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OpenSea cutting 50% of its staff

OpenSea cutting 50% of its staff
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
November 7, 2023

What We're Reading

  • OpenSea cutting 50% of its staff shows just how far the NFT market has fallen [Fortune]
  • Amazon’s code-generating tool gets MongoDB-specific upgrades [TechCrunch]
  • Bumble announces Slack CEO Lidiane Jones will be its new chief exec [TechCrunch]
  • Musk says X subscribers will get early access to xAI’s chatbot, Grok [TechCrunch]

Trending Companies

Chainguard, a software offering audits to outline internal and external supply chain risk, training and integrations, raises $61MM Series B from Spark Capital.

Security • Kirkland, WA • Post-Money Valuation


ORO Labs, a company that develops a supplier engagement platform, raises $34MM Series B from Felicis.

Enterprise Software • Palo Alto, CA • Post-Money Valuation


Agentio, a developer of an AI-powered ad platform for sponsored creator content, raises 4.25MM Seed from Craft Ventures.

AdTech • Brooklyn, NY • Post-Money Valuation


Gate Bioscience, a company creating medicines called Molecular Gates, raises $60MM Series A from Versant Ventures.

Drug Research • Brisbane, CA • Post-Money Valuation


FusionAuth, a provider of a customer identity platform built for developers, raises $65MM Equity Funding from Updata Partners.

Software • Denver, CO • Post-Money Valuation


Final Offer, a developer of a consumer-facing offer management and negotiation platform, raises $5MM Series A from undisclosed investors.

PropTech • Hingham, MA • Post-Money Valuation


MapLight Therapeutics, a company specializing in the discovery and development of therapeutics for brain disorders, raises $225MM Series C from Novo Holdings.

Neuroscience • Burlington, MA • Post-Money Valuation


SkyCell, a company that offers temperature-controlled hybrid containers, raises $57MM Equity Funding from M&G Investments.

Logistics • Zug, Switzerland


Espresa, a company that provides a personal benefits platform designed to streamline and modernize HR and Benefits offerings, raises $23MM Series A from Clear Ventures.

SaaS • Palo Alto, CA • Post-Money Valuation


Alianza, a company specializing in cloud communications, offering a platform to simplify Voice over IP (VoIP) services, raises $61MM Series D from undisclosed investors.

Telecommunications • Pleasant Grove, UT • Post-Money Valuation



Midwest Games, a video game publisher with a regional focus on promoting games, raises $3MM Seed from TitletownTech.

Video Games • Green Bay, WI • Post-Money Valuation


Neon Machine, a company that develops a video game built on blockchain, raises $20MM Equity Funding from Polychain Capital.

Games • Seattle, WA • Post-Money Valuation

Gozen, a firm that develops biomaterials, raises $3.3MM Seed from Happiness Capital.

Design • San Francisco, CA • Post-Money Valuation


John L. Scott acquires Sterling Johnston, a residential real estate company.

Real Estate • Redmond, WA • Deal


Alliant Insurance Services acquires 3000 Insurance Group, a company that operates an independent insurance agency.

Brokerage • Oklahoma City, OK • Deal acquires Kimedics, a developer of a workforce management platform whose solutions streamline workforce operations.

Task Management • Louisville, KY • Deal


HubSpot to acquire Clearbit, a company that helps businesses enrich customer records.

API • San Francisco, CA • Deal


Trinity Capital invests in Neuros Medical, a company dedicated to developing proprietary therapies to address the unmet needs of patients.

Neuroscience • Willoughby Hills, OH • Deal


KKR completes its acquisition of Simon & Schuster, a company that publishes fiction and nonfiction books for all ages.

Publishing • New York, NY • Deal


Instructure to acquire Parchment, a company that provides an online educational record management platform.

EdTech • Scottsdale, AZ • Deal   

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