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Why Startups May Soon Be Buying More Startups

Why Startups May Soon Be Buying More Startups
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
May 1, 2023

What We're Reading

Trending Companies


Cyclic Materials, a metals recycling company focused on producing critical materials, raises $27MM Series A from Energy Impact Partners.

Recycling • Ontario, Canada


Ox, a firm that develops human centered automation technology, raises $12.6MM Series A from BBG Ventures.

Augmented Reality • Bentonville, AR • Post-Money Valuation


DFlow, a company that developed a novel payment-for-order-flow (PFOF) marketplace that provides transparent and market-driven price discovery for order flow, raises $5.5MM Equity Funding from Framework Ventures.

Payments • Chicago, IL • Post-Money Valuation


Hakimo, a technology company intended to modernize physical security through its artificial intelligence software, raises $6MM Equity Funding from

Security Systems • Menlo Park, CA • Post-Money Valuation


PreAct Technologies, a developer of near-field software-definable flash LiDAR technology used for collision vehicle avoidance systems and active safety technology, raises a second round of $20MM Series B from I Squared Capital.

Sensors • Portland, OR • Post-Money Valuation


Veo Robotics, a company that develops smart device solutions to enable high performance collaborative industrial robots, raises $29MM Equity Funding from Amazon Industrial Innovation Fund.

Industrial Products • Cambridge, MA • Post-Money Valuation


Orbital Therapeutics, a company focused on enhancing global health by unleashing the full potential of RNA medicines to treat human disease, raises $270MM Series A from ARCH Venture Partners.

Drug Research • Cambridge, MA • Post-Money Valuation


Amboss Technologies, a provider of data analytics solutions for the Bitcoin Lightning Network, which uses machine learning to offer routing and tools for decentralized finance, raises $4MM Seed from Valor Equity Partners.

Blockchain • Portland, OR • Post-Money Valuation


Ohmium International, a company that manufactures and deploys modular, scalable proton exchange membrane (PEM) electrolyzer systems, raises $250MM Series C from TPG Rise Climate.

Renewable Energy • Incline Village, NV • Post-Money Valuation


Evommune, a clinical-stage biotechnology company, raises $50MM Series B from Arix Bioscience.

Drug Research • Palo Alto, CA • Post-Money Valuation

Since last week, PrivCo has added:
142 Companies | 124 Funding Rounds | 128 M&A Deals

Relay, a developer of a cloud-enabled wireless communication device used by frontline workers, raises $13MM Series A from Sovereign's Capital.

Transmission • Raleigh, NC • Post-Money Valuation


Axoni, a provider of distributed-ledger technology for financial firms, raises $20MM Equity Funding from EJF Ventures.

Fintech • New York, NY • Post-Money Valuation


Summer, a company that partners with enterprise employers and financial institutions to help their populations navigate & reduce student loan debt, raises $6MM Series A from General Catalyst Partners.

Finance • New York, NY • Post-Money Valuation


Virta Global, a company that provides smart charging services for EV drivers and companies, raises €85MM Equity Funding from Jolt Capital.

Electric Vehicle • Helsinki, Finland


Graybar to acquire Valin, a diversified wholesale distributor of automation, filtration, fluid handling, heating and process control products and systems.

Industrial Products • San Jose, CA • Deal


Miami International Holdings announces acquisition of LedgerX, a digital currency futures and options exchange and clearinghouse regulated by the US Commodity Futures Trading Commission (CFTC).

Trading • New York, NY • Deal


BMC Software to acquire Model 9 Software, a company that develops mainframe cloud data management solutions.

Data Management • New York, NY • Deal


Sila Heating and Air Conditioning acquires Absolute Air Services, a provider of HVAC installation, repair and maintenance services.

Residential Services • Portland, CT • Deal


American Pacific Group invests in XLR8 EMS, a contract manufacturer of printed circuit assemblies with focus on speed and technology for commercial.

Electronic Design Automation (EDA) • San Clemente, CA • Deal


Schweiger Dermatology Group acquires Windsor Dermatology, a firm that provides dermatology clinic intended for skincare treatments.

Skincare • Hightstown, NJ • Deal


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