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What's a Temu?

What's a Temu?
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
Jan 24th, 2023

What We're Reading

What's a Temu, Why It Matters. (a16z) Profile
"Helpful" Signs On US Inflation Front (Bloomberg)
Yet Another Payment Wallet To Compete With. (WSJ) 

Citadel Top's Greatest Trade Ever (Yahoo)
Microsoft Shifts Tech Strategy with Massive Investment in OpenAI (VentureBeat) Profile

Trending Companies

Ulvetanna, a company that develops a Grade Zero-Knowledge Proof Acceleration Platform for the next-gen blockchain, raises $15MM Seed from Bain Capital.

NFT • San Francisco, CA • Post-Money Valuation


Scenarios, an app developer for scanning and modeling 3D objects, raises $6MM Seed from Play Ventures.

Generative AI • Norfolk, VA • Post-Money Valuation


Link, an app developer that enables payment processing, raises $20MM Series A from Valar Ventures.

Payment Processing • West Columbia, SC • Post-Money Valuation


Notch, a company that offers a food service operations software designed to reduce the barriers between restaurants and distributors, raises $10MM Series B from Portage.

SaaS • Toronto, Canada


Dreamscape Learn, a company that offers biology courses for both undergraduate and K-12 levels, raises $20MM Series A from Bold Capital Partners.

Education • Culver City, CA • Post-Money Valuation


Endevica Bio, a company that develops peptide drug candidates, raises $10MM Series B from undisclosed investors.

Drug Research • Northbrook, IL • Post-Money Valuation


Terminal 49, a developer of an ocean freight tracking platform, raises $6.5MM Series A from Stage 2 Capital.

Logistics • Walnut, CA • Post-Money Valuation


The Akia Syndicate, a software developer that uses AI to assist hotel operations, raises $6MM Series A from Altos Ventures.

Hotel Management • San Francisco, CA • Post-Money Valuation


Oro, a company that offers a digital commerce platform focused on B2B businesses, raises $13MM Series B from Zubr Capital.

SaaS • Los Angeles, CA • Post-Money Valuation


Presso, a company that developed a robotic dry-cleaning machine, raises $8MM Seed from Uncork Capital.

Machinery • Atlanta, GA • Post-Money Valuation

Since last week, PrivCo has added:
1157 Companies | 129 Funding Rounds | 145 M&A Deals

Architect Financial Technologies, a company that develops institutional-grade infrastructure for trading across global digital asset markets, raises $5MM Equity Funding from Circle Ventures.

Fintech • New York, NY • Post-Money Valuation


ADARx Pharma, a genetic medicine company focusing on oligonucleotide therapeutics for inhibition, degradation and base editing of mRNA transcripts, raises $46MM Series B-1 from Ascenta Capital.

Biopharmaceuticals • San Diego, CA • Post-Money Valuation

Oya Femtech Apparel, a company that offers athletic apparel designed to support feminine health, raises $1.3MM Seed from Sixers Innovation Lab.

Women Clothing • Los Angeles, CA • Post-Money Valuation


Gastrograph AI, a company that provides machine learning and artificial intelligence for predictive analytics and product development for the food and beverage industry, raises $7MM Equity Funding from Cornes Technology.

SaaS • New York, NY • Post-Money Valuation


Kinspire, a provider of a pediatric occupational therapy platform that connects therapists with parents, raises $3.6MM Seed from Corazon Capital.

Health Care Technology • Denver, CO • Post-Money Valuation


Stentech, a portfolio company of Align Capital, acquires Advanced Tooling Design, a supplier of fixtures and tooling to the electronics assembly markets.

Electronic Components • San Jose, CA • Deal


Versaterm Public Safety acquires Visual Labs, a company that develops body worn camera, dash camera and evidence management platform utilizing Android smartphones.

Technology Hardware • Menlo Park • Deal


Codale Electric acquires NEDCO Supply, an electronics wholesaler and distributor of commercial, residential, Industrial and low voltage electrical components.

Audio Visual • Las Vegas, NV • Deal


Air Conditioning Specialist acquires P F Plumbing Contractors, a company that offers plumbing services.

HVAC • Winston Salem, NC • Deal


Quality Gold announces acquisition of HERCO Jewelry, a firm that distributes jewelries.

Jewelry • San Francisco, CA • Deal
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