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Investment Highlight: The Infrastructure Bill’s Opportunity for Startups

Investment Highlight: The Infrastructure Bill’s Opportunity for Startups
November 23, 2021

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Good morning and welcome to our Tuesday investment highlight. We usually look at an investor making big money moves and the trends surrounding those moves, but today we’re looking at the political directives that will shape those investments. We’re deciphering the writing on the wall in the $1.2TN infrastructure package to ask which startups and investors stand to gain from the whopping investment. Let’s break it down by industry:

Water, sewage, and the electrical grid, oh my!
$120BN is earmarked for better utilities. Tech startups are lining up to answer the call for better connectivity and digital mapping. The plan includes $65BN to ensure all Americans have access to reliable, high-speed Internet (some up & comers in the space listed here) and funding to safeguard against sewage defects, replace lead pipes in waterways, and more.

Internet Police
Of all the threats facing our nation, cyber security is high on the list. Alongside climate change, data breaches and ransomware attacks have had disastrous and costly consequences this year. Threat protection will receive a $50BN influx of taxpayer investment. Companies whose ears are perking up are San Francisco-based Vanta, a platform for automating security monitoring and compliance. Balbix out of San Jose has developed a predictive breach risk and resilience platform to identify threats.

EVs and Climatetech
Bill Gates is getting a piece of the pie. His nuclear power startup TerraPower will receive $1.5BN from the infrastructure bill to help replace a coal-fueled power station with a Natrium power plant in Wyoming. 

EV companies in all forms can expect to see their valuations climb. Monarch, an EV tractor company, just raised $61MM to fuel its agtech ambitions. WeaveGrid is creating vehicle-grid integration (VGI) smart charging solutions for a better EV grid.

Meanwhile, the Build Back Better bill was passed on Friday. The $3.5TN spending plan boasts social spending promises like universal pre-K and even more climate action funding.

Elizabeth Holmes speaks up
The play-by-play of the Theranos founder's testimony & trial.
[NY Times]
The crisis in telehealth
A tightening of regulations on remote health care is hurting patients.
[WSJ]
Since last week, PrivCo has added:

493 Companies | 88 Funding Activities | 49 M&A Deals

Looking for data integrations? Contact us today

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Funding & Deal Highlights:
 

Sierra Space raises $1.5BN from General Catalyst

Aerospace • Round A • Tahoe City, CA
 

Lacework raises $1.3BN from Tiger Global

Cyber Security • Equity • Mountain View, CA
 

Benchling raises $100MM from Franklin Templeton

Life Sciences R&D • Round F • San Francisco, CA
 

Stytch raises $90MM from Benchmark

Developer Tools • Round B • San Francisco, CA
 

nTopology raises $65MM from Tiger Global

Engineering • Round D • New York, NY
 

nCino acquires SimpleNexus for $1.2BN

Mortgage Platform • Acquisition • Lehi, UT
 

Workday acquires VNDLY for $510MM

HR • Acquisition • Cincinnati, OH
 

Rocket Lab acquires Planetary Systems Corp for $67MM

Aerospace • Acquisition • Silver Spring, MD
 

Flipkart acquires SastaSundar

Delivery • Acquisition • Bangalore, India
 

Nomura Holdings acquires Core BTS

Security • Acquisition • Madison, WI

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