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IPO Outlook for Enterprise Software

IPO Outlook for Enterprise Software
January 12, 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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I’m an index-fund kind of person. Perhaps to my detriment, rather than utilize my research here for the Daily Stack alongside my access into private company revenues, I still maintain a retirement investment portfolio that is general, rather than specific. Individual stock-picking (which I’ve done for a whopping total of 5 companies) has proven to be a volatile experiment, yielding little in returns or confidence. My interest was piqued however when I came across the topic of well-performing enterprise software companies and anticipated public offerings in a recent article from The Information.

      

 

The article highlights the poor performance of last year's tech companies, down 21% overall, as compared to the recent debuts of enterprise software companies, trading on average 12% higher than their public debuts. According to equity analyst Keith Weiss of Morgan Stanley, the revelation is that these well-performing companies have what the others didn’t: cloud-based technology and pricing models that work for their customers. Confluent, which is up 86% since its debut, allows customers to pay for only what they need and offers subscription model pricing.

Enterprise software companies eyeing a public offering in 2022 include employee benefits and HR platform Gusto and data analytics platform Databricks. For more private enterprise startups, check out our Top 50 Enterprise Startups report or search the keyword on our database.

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Since last week, PrivCo has added:
244 Companies | 147 Funding Activities | 82 M&A Deals

Funding & Deal Highlights:
 

Olinda raises €486MM from Tiger Global

Bank • Round D • Paris, France
 

eFishery raises $90MM from Temasek Holdings

Aquaculture Tech • Round C • Bandung, Indonesia
 

Turing Enterprises raises $87MM from WestBridge Capital

Talent Management • Round D • Palo Alto, CA
 

Transcarent raises $200MM from Investment AB Kinnevik

Health Care • Round C • San Francisco, CA
 

Chapter Medicare raises $42MM from Addition

Insurance Services • Round B • New York, NY
 

CAIS raises $225MM from Apollo Global Management 

Investment Management • Equity • New York, NY
 

AvAir raises $60MM from BizCap

Distribution • Debt • Chandler, AZ
 

Pertolern raises grant money from DOE

Geoscience Training • Grant • Atlanta, GA
 

Ecobot raises $2.8MM from Cultivation Capital

Construction • Equity • Asheville, NC
 

PassiveLogic raises $34MM from Addition

Productivity • Equity • Salt Lake City, UT
 

Language I/O raises $6.5MM from Omega Venture Partners

Transcription • Round A • Cheyenne, WY
 

Project44 raises $240MM from TPG Capital

Logistics Services • Equity • Chicago, IL
 

Citadel raises $1.2BN from Sequoia Capital

Investment Management • Equity • Chicago, IL
 

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