PrivCo reports that Airbnb is worth $10B

The Daily Stack
May 8, 2020

PrivCo says that Airbnb may only be worth $10B .

Instacart saw high growth in the wake of Covid-19. Demand for grocery delivery service has risen to a level investors didn’t expect to see before 2025. Instacart turned a surprising, first-ever monthly profit in April ($10 million) and says it’s on track to process more than $35 billion in gross sales this year.

Due to high demand, Instacart has been struggling to fulfill all of its orders, even with a ballooning crew of new shoppers, customer support, and engineers. In March, it had to stop new orders, revamp substitution algos, and reduce inventory projections. Thus far, it has avoided a hard crash on its website.

However, for Instacart to continue on its current trajectory, reliability will be key. Recently, Instacart’s twitter and customer supports have been overwhelmed with complaints about stolen groceries. Already facing low inventories and long delivery and wait times, Instacart's good fortune may also be the greatest challenge to its business.

Stock market volatility has greatly benefited online brokerage and finance apps. Finance apps have seen 55% growth in daily usage time from the end of 2019 to the week ended April 18, according to data from App Annie. TD Ameritrade, Schwab, Fidelity, and E*Trade all reported record new users. Upstart brokerage unicorn Robinhood has long been popular among a younger audience and has experienced a boom in users and trading. This week, it has successfully closed a $280M Series F funding at an $8.3B valuation. Check out all 75 online investment management startups on PrivCo here.

Funding & Deal Highlights:
Treasury Prime pulls in $9M Series A. Treasury Prime is a banking API company that builds the infrastructure for account verification, creation, and the regulation mandated "know your customer" (KYC) process. The startup is one of the many auxiliary companies that make the challenger bank ecosystem flourish.

Futurestay announces a $2.4M venture round, totaling $6.5M in funding to date. The hard-hit short-term rental market still managed to produce newcomers with ample runway and funding.

LetsGetChecked, an at-home testing startup, raised a $71M Series C in an oversubscribed round. LetsGetChecked is one of the first movers in providing COVID-19 antibody at-home tests.

Emtrain, a workplace culture platform, has raised an $8m Series A.

Ventus Therapeutics secured a $60M Series A.

Commonwealth Care Alliance leads $5 Million Round in LifePod Solutions.

Knock raises $12M In Series B funding.

Love Goodly acquired by Novica United.

Wedbush Securities announces minority investment in ETF Managers Group.

VertexOne acquires WaterSmart to expand in the utility market.

Franklin Templeton acquires digital wealth leader AdvisorEngine.

Since last week, PrivCo has added/updated:

767 Profiles updated

113 M&A added

117 Fundings added

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