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TikTok looks to challenge Amazon and Shein with new e-commerce initiative

TikTok looks to challenge Amazon and Shein with new e-commerce initiative
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
June 26, 2023

What We're Reading

Trending Companies


KoBold Metals, a mineral exploration company that uses geosciences, systematic data integration and artificial intelligence to accelerate the pace and decrease the cost of mineral exploration, raises $195MM Series B from T. Rowe Price.

Mining • Berkeley, CA • Post-Money Valuation


DexCare, a company providing a Platform-as-a-Service (PaaS), an intelligent digital care operating system that manages health system capacity and demand across all lines of care, raises $75MM Series C from ICONIQ Growth.

Health Care Technology • Renton, WA • Post-Money Valuation


Outbound AI, a company that developed a conversational AI intended to assist healthcare workers, raises $16MM Seed from Madrona Venture Group.

Workflow Management • Seattle, WA • Post-Money Valuation


Danti, a developer of a search engine for Earth data, raises $2.75MM Pre-Seed from Tech Square Ventures.

Artificial Intelligence • Atlanta, GA • Post-Money Valuation


Fero Labs, a company that provides a machine learning software designed to help factories in industrial data analytics, raises $15MM Equity Funding from Climate Investment.

Industrial Automation • New York, NY • Post-Money Valuation


Alvys, a provider of a cloud-based transportation management system made for small to midsize trucking and logistics companies, raises $6.3MM Seed from Bonfire Ventures.

Supply Chain Management • Solana Beach, CA • Post-Money Valuation


CargoBot, a digital freight company, raises $6MM Series A from BPBI.

Freight • Miami, FL • Post-Money Valuation


Volt, a company that developed an infrastructure for real-time payments, raises $60MM Series B from IVP.

Payment Processing • London, United Kingdom


Altis Labs, an AI-powered computational imaging company advancing precision medicine, raises $6MM Seed from Debiopharm Innovation Fund.

Health Care Technology • Ontario, Canada


Leap Services, a company that develops a retail-as-a-service platform, raises $15MM Equity Funding from BAM Elevate.

SaaS • Chicago, IL • Post-Money Valuation

Since last week, PrivCo has added or updated:
1449 Companies | 99 Funding Rounds | 113 M&A Deals


Hungry Marketplace, a food-tech company that provides office and event catering, raises $10MM Series C-1 from RGH Capital.

Catering • Arlington, VA • Post-Money Valuation


AltPep, a company that develops early disease-modifying treatments and detection tools for amyloid diseases by targeting one of the earliest molecular triggers - toxic soluble oligomers, raises $52.9MM Series B from Senator Investment Group LP.

Biotechnology • Seattle, WA • Post-Money Valuation


Kanvas Biosciences, a company that developed a microbiome drug screening and drug discovery platform to accelerate live biotherapeutic product (LBP) development, raises $12MM Pre-Series A from DCVC.

Drug Research • Monmouth Junction, NJ • Post-Money Valuation


Limble, a provider of computerized maintenance management systems (CMMS) that can manage planned and unplanned maintenance work, automate work requesting and scheduling, monitor work history, generate reports and organize assets, raises $58MM Series B from Goldman Sachs Asset Management.

Enterprise Software • Lehi, UT • Post-Money Valuation


Better Brand, a company that manufactures low-carb bagels, raises $6MM Series A from Verso Capital.

Food • Los Angeles, CA • Post-Money Valuation


Norwest Venture Partners invests in HighFive Dental, a specialty dental partnership organization focused on endodontics and oral surgery.

Dental • Birmingham, AL • Deal


Flexpoint Ford to acquire Baker Hill, a company that provides a cloud-based, end-to-end loan origination, risk management and analytics software.

Fintech • Carmel, IN • Deal


Thermo Fisher Scientific completes its acquisition of MarqMetrix, a company that developed Raman-based spectroscopy solutions for in-line measurement.

Electrical • Seattle, WA • Deal


Ground Water Treatment & Technology, a groundwater treatment company that self-performs system design; civil, electrical, and mechanical site work; equipment fabrication and customization, receives a majority growth investment from Ember Infrastructure.

Water Treatment • Wharton, NJ • Deal


Harvest Partners Ascend acquires a majority stake in Sparq, a company that provides digital engineering consultancy services.

IT Consulting • Atlanta, GA • Deal


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