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Highlights of the Week (June 24, 2022)

Highlights of the Week (June 24, 2022)
June 24, 2022

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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Happy Friday! Today, we’re talking about regrets and opportunities amidst the not-so-shiny financial picture we’re all in.

How risk-averse are you? Chances are, if you’re a startup founder or private equity investor, you know how to keep a cool head amidst incredible uncertainty. Unfortunately, hindsight tends to make even the coolest of cucumbers sweat with a bit of “coulda, woulda, shoulda.”

In hindsight, Salesforce might regret the decision to buy Slack at the perspiration-inducing price of $27.7BN. With crypto prices plummeting, Bolt could be kicking itself for the $1.5BN buyout of crypto startup Wyre.

As more private companies are delaying going public, acquisitions might be better timed now. For acquisition stats and details, check out our Deals tab here.

Here’s a refresher on the week’s top stories:
  • Monday’s article was all about the Dream Team of Fintech startups. We looked at Addepar, Carta, Persona, and Chipper Cash for the latest and greatest in financial tech innovation. Check it out.

  • We released our latest insight featuring 25 cannabis startups smoking the competition. Learn about the latest laws and consumption data here.

  • Looking for a love connection in the frozen foods aisle? Or stocking up on pantry essentials and snacks from the comfort of your couch? We’re examining the state of grocery shopping in 2022. Learn more

  • Some say billionaires shouldn’t exis…Oh wait, here’s Mark Cuban trying to solve for astronomical prescription drug costs. Find out about his D2C pharmacy Cost Plus Drugs here.

Quick News:

🧩 A reshuffling of the largest tech stocks

💲 Is the digital dollar coming soon?

😶‍🌫️ FDA pulls Juul off of shelves

🗳️ Meta switches priorities from secure elections

🚕 Hail a driverless taxi in SF

Since last week, PrivCo has added:
2,104 Companies |  266 Funding Activities | 173 M&A Deals

Funding & Deal Highlights:


Zoovu raises $169MM from FTV Capital

SaaS • Equity • Boston, MA

Postscript raises $65MM from 01 Advisors

SaaS • Round C • Scottsdale, AZ

Arkestro raises $26MM from NEA

Procurement • Round A • San Francisco, CA

Sana raises $60MM from Trust Ventures

Insurance • Round B • Austin, TX

Metropolis Technologies raises 3L Capital

Computer Vision • Round B • Los Angeles, CA

AlphaSense raises $225MM from Goldman

Big Data • Round D • New York, NY

upGrad raises $225MM from Lupa Systems

EdTech • Equity • Mumbai, India 

Sesame raises $27MM from GV

Medical • Round B • New York, NY

Tango raises $14MM from Tiger Global

Human Resources • Round A • Redding, CA

Cube raises $30MM from Battery Ventures

Fintech • Round B • New York, NY

Leadsonline acquires Hawk Analytics

Analytics • Acquisition • Bartonville, TX 

PPL Motorhomes acquires RV Swapshop

Dealership • Acquisition • Summerfield, FL 


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