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Tech is Feeling the Impact of a Slowing Economy

Tech is Feeling the Impact of a Slowing Economy
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
Oct 28, 2022

What We're Reading

Tech's Biggest Companies are Feeling the Impact of a Slowing Economy (NYT)
Family Offices Get Opportunistic in this Market (Institutional Investor)
YouTube's Richest Creator is Seeking Unicorn Status on his Empire (Fortune) Profile
This Obscure Shopping App is Now the America's Most Downloaded (MIT) Profile
A16Z all Out on Crypto at the Wrong Time (WSJ) Industry List

Trending Companies

Elion, a digital health technology marketplace company, raises $3.3MM Seed from New Enterprise Associates.

Digital Health • New York, NY • Post-Money Valuation


RapidSOS, a creator of an emergency response data platform that securely links life-saving data to 911 and first responders, raises $75MM Equity Funding from NightDragon Security.

Emergency Services • New York, NY • Post-Money Valuation


Normunity, a company that creates a new class of precision immuno-oncology medicines, raises $65MM Series A from Canaan Ventures.

Therapeutics • West Haven, CT • Post-Money Valuation


Perygee, a company that provides a security platform for internet of things (IoT) and operational technology, raises $4.8MM Seed from Ballistic Ventures.

Cyber Security • Boston, MA • Post-Money Valuation


Synota, a developer of an energy-focused software platform that utilizes Bitcoin's Lightning Network, raises $3MM Seed from Ego Death Capital.

Blockchain • Powell, OH • Post-Money Valuation


Rock Paper Coin, a developer of an event business platform that provides digital contracts and invoicing tools, raises $2.3MM Seed from Elevate Capital.

SaaS • Lake Oswego, OR • Post-Money Valuation


Numurus, a company that provides autonomous robotic services intended to focus on industrial and defense applications, raises $2MM Seed from Tokusui Corporation of America.

Robotics • Seattle, WA • Post-Money Valuation


AM Batteries, a company developing a next-generation, lower-carbon footprint and lower cost dry-electrode manufacturing technology for lithium-ion batteries, raises $25MM Series A from Anzu Partners.

Manufacturing • Acton, MA • Post-Money Valuation


Cosmonic, a company that helps developers build reusable building blocks that scale applications across every device, raises $8.5MM Seed from Vertex Ventures.

Software Development • Arlington, VA • Post-Money Valuation


Vesttoo, a company that offers an insurance risk transfer platform, raises $80MM Series C from Mouro Capital.

Insurtech • Tel Aviv, Israel

Since last week, PrivCo has added:
1349 Companies | 210 Funding Rounds | 187 M&A Deals

Arnica, a company that develops a supply chain security platform designed to monitor and secure existing DevOps infrastructure, raises $7MM Seed from First Rays Venture Partners.

SaaS • John Creeks, GA • Post-Money Valuation

Spyderbat, a developer of a cloud native runtime security solution that detects and stops attacks throughout the software development life cycle, raises $10MM Series A from NTT Venture Capital.

Cyber Security • Austin, TX • Post-Money Valuation


Caplight, a company that operates a marketplace intended for facilitating derivative transactions in private company stock, raises $3MM Equity Funding from Deutsche Boerse Group.

Fintech • San Francisco, CA • Post-Money Valuation


Allstacks, a company that develops a predictive forecasting and risk management platform, raises $12.3MM from Companyon Ventures.

Predictive Analytics • Raleigh, NC • Post-Money Valuation


Cityneon Holdings, a company that partners with global brands to provide exhibitions, installations and interior architecture, raises $150MM Equity Funding from 65 Equity Partners.

Exhibitions • Singapore City, Singapore


Events.Com announces acquisition of Brown Paper Tickets, an event ticketing and registration platform for event producers, organizers and attendees.

Booking • Seattle, WA • Deal


S.R. Snodgrass acquires Zeno, Pockl, Lilly and Copeland, a company that provides accounting-related services.

Accounting • Wheeling, WV • Deal


Teledyne announces acquisition of ETM Electromatic, a company that designs and builds high power microwave amplifiers and high energy X-ray linear accelerator (Linac) systems and subsystems.

Radiology • Thousand Oaks, CA • Deal


CyberRisk Alliance acquires TECHEXPO Top Secret, a company that produces professional hiring events for Security-Cleared professionals.

Staffing • New York, NY • Deal


Cardio Diagnostics completes plan to go public via a merger with Mana Capital Acquisition Corp.

Biotechnology • Chicago, IL • SPAC Deal

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