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Exit Alternative to IPO: Acquisition

Exit Alternative to IPO: Acquisition
April 21, 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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The goal of venture capitalists is to make a 10x return over the length of an investment, generally the 6-7 years it takes a company to “exit” by going public. For some, they can achieve similar results through different means--specifically, M&A.

Brex, the B2B corporate credit card company, recently purchased a Y Combinator grad startup, Pry Financials, for $90MM. The 10-person startup had been working off of its $4.2MM seed round raised just last year. Not too shabby for a small team three years into the perilous startup journey. For Pry Financials, the winning formula was their overlapping customer list with Brex, but selling an entirely different product.

                                            Pry Financials small but mighty team 

Occasionally, the opposite happens. A private equity firm takes a company that has gone public back to private through a purchase deal. This situation just happened with cybersecurity company Sailpoint, which will be taken private by PE firm Thoma Bravo in a $6.9BN deal. 

For more exits through acquisitions, search our deals tab using the keyword of your choice.
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Since last week, PrivCo has added:
1,472 Companies | 231 Funding Activities | 136 M&A Deals

Funding & Deal Highlights:
 

NovoPayment raises $19MM from Fuel Venture 

Fintech • Round A • Miami, FL
 

Carlsmed raises $30MM from B Capital Group

Meditech • Round B • Carlsbad, CA
 

Sionna Therapeutics raises $111M from OrbiMed

Biotechnology • Round B • Natick, MA
 

Kinara Capital raises $50MM from Nuveen

Micro Lending • Round E • Bangalore, India
 

Nue Life Health raises $23MM from Obvious Ventures

Telemedicine • Round A • Miami Beach, FL
 

A SHOC raises $29MM from Michael Strahan

Beverages • Round B • Newport Beach, CA
 

FundGuard raises $40MM from Citigroup

Fintech • Round B • New York, NY 
 

SEON raises $94MM from IVP

Fraud Protection • Round B • Budapest, Hungary
 

Enso raises $16.5MM from SignalFire

Software Development • Equity • San Francisco, CA
 

Playbook raises $18MM from Bain

Digital Media • Round A • San Francisco, CA 
 

Asahi Kasei announces acquisition of Bionova

Biotechnology • Acquisition • Fremont, CA 
 

THREAD acquires CureClick

Clinical Trials • Acquisition • Costa Mesa, CA

 

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