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Reddit protest plunges user engagement

Reddit protest plunges user engagement
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
June 30, 2023

What We're Reading

  • Reddit protest plunges user engagement, site activity and ad portal visits [TechCrunch] 
  • World Health Organization will to declare aspartame, the sweetener in Diet Coke, a possible carcinogen [Fortune] 
  • Snapchat+ reaches 4 million paid subscribers since launching a year ago [TechCrunch] 
  • Meta really wants to explain its AI recommendation algorithms to you [TechCrunch] 

Trending Companies, an end-to-end e-commerce-as-a-service (ECaaS) company that delivers a fully integrated and owned suite of software, expert services and infrastructure to scale businesses online, raises $60MM Series C from B. Riley Venture Capital.

SaaS • Austin, TX • Post-Money Valuation

Myra Vision, a company developing novel technology designed to allow safe outflow control to achieve maximum intraocular pressure (IOP) reduction while also reducing complexity and complication rates, raises $25MM Series B from Cormorant Asset Management.

Medical Devices • Campbell, CA • Post-Money Valuation


IP Fabrics, a company that provides an API-first automated network assurance platform that discovers, verifies, visualizes, and documents large-scale networks, raises $25MM Series B from One Peak.

Platform • Beaverton, OR • Post-Money Valuation


Contoro Robotics, a company augmenting robot intelligence with AI and teleoperation, raises $4.7MM Seed from SV Investment.

Robotics • Austin, TX • Post-Money Valuation


Gigaroo, a company that is focused on equipping GenZ with the tools, resources, and opportunities needed to improve their finances, raises $2.5MM Pre-Seed from undisclosed investors.

Fintech • Austin, TX • Post-Money Valuation


JustPaid, a company that specializes in providing SMBs with automated bill payment, contract validation, and real-time AI financial auditing solutions, raises $3.5MM Seed from Rebel Fund.

SaaS • Mountain View, CA • Post-Money Valuation


Federato, a software developer that helps insurance company to actuaries and portfolio analysts drive high-level risk analysis, raises $25MM Series B from Caffeinated Capital.

Software • Palo Alto, CA • Post-Money Valuation


Sixty AI, a provider of an AI-Powered Personal Relationship Management (PRM) platform that helps manage mundane tasks, raises $3.5MM Seed from 468 Capital.

Platform-as-a-Service (PaaS) • Portland, OR • Post-Money Valuation


ShelterZoom, a company that provides Document GPS, raises $5MM Equity Funding from undisclosed investors.

Document Management • New York, NY • Post-Money Valuation


Realtime Robotics, a firm that provides and develops collision-free autonomous motion planning for industrial robots, raises $9.5MM Series A from Shinhan GIB.

Technology • Boston, MA • Post-Money Valuation

Since last week, PrivCo has added or updated:
1449 Companies | 99 Funding Rounds | 113 M&A Deals



Celestial AI, a photonic fabric company that offers solutions to provide independent scalability of compute and memory resources, raises $100MM Series B from IAG Capital Partners.

Semiconductors • Santa Clara, CA • Post-Money Valuation


Venn Software, a company that provides purpose-built patented technology for Secure BYO-PC, raises $29MM Series A from NewSpring.

Enterprise Software • New York, NY • Post-Money Valuation


Evommune, a clinical-stage biotechnology company that develops treatments for inflammatory diseases, raises $7.5MM Series B from Verition Fund Management.

Therapeutics • Palo Alto, CA • Post-Money Valuation


Nothing, a company that develops and manufactures smartphones, raises $96MM Equity Funding from Highland Europe.

Electronics • London, United Kingdom


Ilion Capital Partners completes acquisition of Mid-States Supply, a distributor of valves, pipes and fittings.

Pipes • Kansas City, MO • Deal


EVOTEK acquires AVTECH Integrations, a company that focuses on technology providing critical video communication services for digital workspace.

IT Consulting • Yorba Linda, CA • Deal


ThoughtSpot to acquire Mode Analytics, a developer of a business intelligence platform that unites data teams with business teams to build analytics.

Big Data • San Francisco, CA • Deal


Emigrant Partners invests in MONECO Advisors, a wealth management company.

Investment Management • Fairfield, CT • Deal


HC Private Investments portfolio company Prince Industries acquires Vulcan Machine, a company that operates an AS9100-certified facility providing tight tolerance precision machined parts.

Manufacturing • Tampa, FL • Deal


Thomson Reuters to acquire Casetext, a provider of artificial intelligence-based legal research technology for lawyers.

Legal Tech • Sunnyvale, CA • Deal

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