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Highlights of the Week (Apr 30, 2021)

Highlights of the Week (Apr 30, 2021)
April 30, 2021

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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The last week of April was earnings week, and it showed that 2021 (and a lot of 2020) has generated massive revenue and profits for many of the tech giants. Apple recorded $23.6BN in profit in the last quarter. Linkedin earned $3BN in ad revenue for the fiscal year ending March 31, 2021. Facebook, Google, and Amazon all saw recording-breaking revenue growth. With Apple’s latest iOS security update, however, the tech giants are wary that their profits may not last, especially profits based on advertising revenue. 

  • This week was also a week to commemorate our furry four-legged friends, or rather the parents of them. Pet ownership has dramatically increased as millennials are more likely to be pet owners compared to other generations, but the pandemic has created even more pet parents, and subsequently the technology catered to them. See our list.
  • In the tech space, the ability to quickly turn concepts into high-quality applications or ideas is critical. For non-developers, trying to figure out how to code those ideas has traditionally taken time. No-code platforms have revolutionized the ability for people outside of IT to prototype, not just applications but workflows as well. Dive deeper.
  • Healthcare was a key buzzword for 2020, a trend it seems will continue into 2021. Review what made 2020 such an important year. Read more.
  • Revisit April’s biggest SPAC merger ever, as well as the stats on whether SPACs may be slowing down. Learn more. 
Quick News
Since last week, PrivCo has added:
655 Companies | 201 Funding Activities | 111 M&A Deals

Funding & Deal Highlights:

MessageBird extends funding to $8BN led by Spark Capital
CRM Software & Internet Services • Round C-2 • Amsterdam, Netherlands

Exscientia raises $225MM led by SoftBank
Pharmaceuticals • Round D • Oxford, United Kingdom

Boundless Bio raises $105MM led by Nextech Invest and RA Capital Management
Pharmaceuticals • Round B • La Jolla, CA

Oath Health raises $2MM
Specialized Consumer Services • Seed • San Francisco, CA

Aisera raises $40MM
Automation Software & Internet Services • Round C • Palo Alto, CA

Tribal Credit raises $34.4MM co-led by QED Investors and Partners for Growth
Specialty Finance • Round A • San Jose, CA raises $30MM led by GV
Education Services • Round B • Brooklyn, NY

Kandji raises $60MM led by Felicis Ventures
Consumer Projects Software & Internet Services • Round B • San Diego, CA

Overtime Sports raises $80MM co-led by Black Capital and Sapphire Ventures
Entertainment • Round C • New York, NY raises $35MM co-led by Cathay Innovations and SignalFire
Market Research Software & Internet Services • Round B • Boulder, CO

PowerX Heating raises $4MM led by Spring Tide Capital
Renewable Electricity & Fuels • Seed •  Brooklyn, NY

Stripe acquires TaxJar
Tax Software & Internet Services • Acquisition • La Jolla, CA

Humana acquires Kindred Healthcare for $5.7BN 
Health Care Providers • Acquisition • Louisville, KY

Carlyle Group acquires Unchained Labs for $435MM
Health Care Equipment • Acquisition • Pleasanton, CA

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