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Highlights of the Week 11/13/2020

Highlights of the Week 11/13/2020
November 13, 2020

The Daily Stack is a daily market insight newsletter by PrivCo, a private market intelligence platform. Read our previous insights.
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In the week where we celebrated Veteran’s Day as well as China’s biggest shopping ‘holiday,’ the U.S. is also being plagued with rising infection cases as well as continuing election-related troubles.

  • Meanwhile, we shared a list of robotic companies pushing automation further during the pandemic by combating manual labor issues for delivery, supermarket clean-up, and more. Read about it here
  • This week was also a big week for gamers, as Microsoft and Sony both launched new gaming consoles. While Nintendo has been a big winner in terms of console sales so far, there’s also been a lot of funding with online gaming startups too. Read our insight
  • Remember to also take a look at our in-depth analysis of how the pandemic has shaped the future of fitness
  • Even though Singles’ Day isn’t as widely known in the U.S., we are positive you may have seen an uptick in marketing emails about one day only sales in your inbox yesterday. Read more about this Alibaba created holiday and its rippling effects on eCommerce trends. 
  • With staggering infection rates and fear that the year-end holiday will get worse, there is a rush for a working vaccine. While progress with Pfizer/BioNTech has put the nation in a more positive tone, there are also a number of other startups getting recognition for their vaccine development.
    See our list.
  • Lastly, if you haven’t seen our year-end promotion, it’s time to act now. For a limited time only, subscribe for $199/month for three months compared to $299/month. 

Weekly Funding Highlights

Source: PrivCo Data

While not surprising that Software and Internet Services continues to receive the most funding, a number of biotech companies received some large some fundings (Ambrex, Prometheus Biosciences, and Cytek Biosciences). In addition robotics manufacturer Nuro raised a whooping $500MM in funding to put it at a $5BN valuation.

PayPal adds cryptocurrency capabilities in U.S. 
Now we can buy, hold, and sell cryptocurrencies with PayPal, with plans to expand to Venmo and international customers in 2021. 
[Read more]
Amazon sues influencer for counterfeit scheme
Influencers tried to bypass Amazon’s anti-counterfeiting measures using multiple seller accounts, social media, and hidden links. 
[Read more]
Since last week, PrivCo has added:
563 Companies | 152 Funding Activities | 134 M&A Deals

Funding & Deal Highlights:


Carbon Health Medical Group raises $100MM 
Healthcare Software & Internet Services • Round C • San Francisco, CA

JumpCloud receives $75MM from BlackRock and General Atlantic
Cloud Security Software & Internet Services • Round E • Denver, CO

Fleetio raises $21MM from undisclosed investors
SaaS Software & Internet Services • Round B • Birmingham, AL

Remote Technology raises $35MM from multiple investors
Talent Management Software & Internet Services  • Equity • San Francisco, CA

Kinetic Injury raises 11.3MM from undisclosed investors
Industrial Products • Equity and Debt • New York, NY

Spruce raises $8MM led by Mercury Fund
Marketplace Software & Internet Services • Round A • Austin, TX

Spotify acquires podcast ad-tech firm Megaphone for $235MM
Adtech Software & Internet Services • Acquisition • Washington, D.C.

Entercom acquires QL Gaming for $32MM
Software & Internet Services • Acquisition • New York, NY

H&H Group acquires Solid Gold Pet for $163MM
Food & Beverage Products • Acquisition • Chesterfield, MO

Adobe acquires marketing workflow startup Workfront for $1.5BN
SaaS Software & Internet Services • Acquisition • Lehi, UT

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