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Highlights of the Week (May 7, 2021)

Highlights of the Week (May 7, 2021)
May 7, 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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This week, the Biden administration committed to waiving patent protections on vaccines in an effort to curb the pandemic beyond U.S. borders. Arguments against the move say it will discourage investment in future therapies while proponents say it's a necessary step toward ending the pandemic. In other news, the announcement that Bill & Melinda Gates are divorcing sent shock waves through the world of philanthropy, with many non-profits wondering how the split might affect their Foundation's efforts globally. Meanwhile, Q2 saw a big boost in venture funding globally, with an $800MM Round C-2 for MessageBird, an Amsterdam based cloud communication platform.

  • To celebrate Cinco de Mayo, we took a look at several Latinx-founded companies. Check them out here. We also recapped some of our insights from our Q1 2021 report, Funding Diversity. Read more here.

  • We looked at the effect of online shopping on the warehouse logistics industry. Companies are using Robotics to make shipping issues a thing of the past. Learn more.

  • The IQ of AI has gone way up this year, as startups are developing AI tools to solve complex and varied problems. Here are some of the AI startups leading the charge. 

  • As vaccination rates and good weather are on the rise, we reviewed the Wellness industry and the trends that will continue beyond the pandemic. Find out more.
Quick News
Since last week, PrivCo has added:
655 Companies | 201 Funding Activities | 111 M&A Deals

Funding & Deal Highlights:

 

Einride AB raises $110MM from Maersk Growth
Vehicle Manufacturers - Round B - Palo Alto, CA

Rapid Deploy raises $29MM from Morpheus Ventures
Analytics Software & Internet Services - Round B - Austin, TX

Notional Finance raises $10MM from Pantera Capital 
Cryptocurrency Software & Internet Services - Round A - New York, NY

BoostUp.ai raises $6MM from Canaan Partners
Analytics Software & Internet Services - Round A - Santa Clara, CA

The Public Health Company raises $8MM from Venrock Associates
Data Software & Internet Services - Seed - Goleta, CA

OnLume raises $7MM from Cambridge Investment Group
Health Care Equipment - Round A - Madison, WI

Pachama raises $15MM from Breakthrough Energy Ventures
Forestry Software & Internet Services - Equity - San Francisco, CA

Headset raises $1.8MM from Silver Leaf Venture Partners
Cannabis Software & Internet Services - Equity - Seattle, WA

Hashflow raises 3.2MM from Dragonfly Capital & Electric Capital
Crypto Trading Software & Internet Services - Seed - San Francisco, CA

InterviewIA raises $2MM from The Colorado Venture Fund 
Recruitment Software & Internet Services - Seed - Colorado Springs, CO

Educate 360 acquires Pierian Data
Education Services - Acquisition - Las Vegas, NV

Eastern Insurance Group Acquires Barr Insurance Agency
Insurance Services - Acquisition - Watertown, MA

Trox acquires Tierney
Education Services - Acquisition - Saint Paul, MN

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