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Notable Q1 Deals

Notable Q1 Deals
April 1, 2021

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Happy April Fool’s Day, except we're not potentially getting in trouble for changing our name to Voltswagen. As we begin to welcome spring, like the peak bloom cherry blossoms in Washington, D.C., we also say goodbye to a roller coaster first three months of 2021. Here are some of the most notable deals of Q1 and what they could mean for the industry ahead.

💪 Google closes on the acquisition of Fitbit and signals that the tech giant is eager to cash in on the wearable health and fitness market, in the same way Apple has done so with its iWatch. Meanwhile, Peloton acquires voice-tech startup Aiqudo, after several other secret acquisitions late in 2020, signally it's ramping up its fitness tech capabilities.

🔌 Cisco acquires Acacia Communications to leverage Acacia's optic technology, after a lengthy discussion over the pricing of the acquisition.  

⚕️ Insurance company CIGNA acquires telehealth provider MDLIVE expanding the capabilities of its healthcare services subsidiary Evernorth, signaling perhaps more consolidation of successful telehealth providers to come.

 🥕Danone acquires vegan brand Follow Your Heart and signals the plant-based market still has room to expand, as leading companies like Oatly, Impossible Foods, and Beyond Meat are helping break down conservative barriers. 

🔐 Okta acquires AuthO, a complementary business for the company’s security capabilities to corporations, and expands it to customer-oriented capabilities. 

📊 Atlassian acquires data visualization startup Chart.io, ramping up its own analytics dashboard as a SaaS organization especially for users of its Jira and Confluence services. 

🧑‍💻 Workday acquires employee engagement application Peakon as an example of employers seeking new ways to engage their remote workforces and SaaS companies looking for ways to provide the tools to do so. Citrix also acquires project management tool Wrike to expand the digital workspace. 

🤖 DoorDash acquires salad-making robotics startup Chowbotics and signals its interests in more full-automation ghost kitchens

🍻 Uber acquires Drizly on the heels of a tremendous growth year for the alcohol delivery service as well as Uber’s food delivery capabilities due to the pandemic. Despite concerns with its taxi arm, especially with new labor laws in the UK, Uber’s food delivery arm is continuing to thrive and expand globally. 

🏨 Starwood and The Blackstone Group acquire Extended Stay America. Blackstone also created a joint venture to acquire MGM Grand and Mandalay Bay Resorts. These stakes stand as a wager to positive times ahead, as travel and tourism are expected to bounce back. 

🎧 Fintech company Square acquires Jay-Z started music label Tidal, in a head-scratching move. Square has explained that the investment will help artists connect with its Cash App service in the same way it has helped provide a payment platform for restaurants and small businesses.
New York Legalizes Cannabis
To eliminate existing black markets, incubators and interest-free loans will help cannabis sellers legalize their operations.
[Read More]
Microsoft Outfits US Army with AR/VR Gear
The tech giant announced it has won a $21.88BN contract from the US Army for 120,000 AR headsets using HoloLens tech.
Photo credit: Microsoft
[Read More]
Since last week, PrivCo has added:
404 Companies | 294 Funding Activities | 95 M&A Deals

Funding & Deal Highlights:

HighRadius Corporation raises $300MM co-led by D1 Capital Partners and Tiger Global Management
Fintech Software & Internet Services • Round C • Houston, TX

DC Blox raises $187MM from Bain Capital Credit and Post Road Group
Data Centers Technology Services • Equity • Atlanta, GA

Manticore Games raises $100MM led by XN
Video Games Software & Internet Services • Round C • San Mateo, CA

Next Insurance raises $250MM co-led by Battery Ventures and FinTLV Ventures
Insurance Services • Equity • Palo Alto, CA

Tonal Systems raises $250MM led by Dragoneer Investment Group
Consumer Products • Round E • San Francisco, CA

Entrada Therapeutics raises $116MM led by Wellington Management
Biotechnology • Round B • Boston, MA

Scribe Therapeutics raises $100MM led by Avoro Ventures
Biotechnology • Round B • Alameda, CA

Uniphore raises $140MM led by Sorenson Capital Partners 
AI Software & Internet Services • Round D • Palo Alto, CA

Cameo raises $100MM led by e.ventures
Social Media Software & Internet Services • Round C • Chicago, IL

Pyxis Oncology raises $152MM co-led by ARIX Bioscience and RTW Investments
Biotechnology • Round B • Cambridge, MA

Utilis raises $6MM from Beringea
Water Technology Services • Equity • San Diego, CA

Ease raises $41MM led by Spectrum Equity Investors
Human Resources Software & Internet Services • Round C • San Francisco, CA

Scipher Machine raises $82MM co-led by aMoon and Northpond Ventures
Biotechnology • Round C• Waltham, MA

Travea Security raises $3.5MM led by TDF Ventures
Cyber Security Software & Internet Services • Seed • Indianapolis, IN

Pollyex raises $15MM led by 8VC
Fintech Software & Internet Services • Round A • San Francisco, CA

On Deck raises $20MM led by Founders Fund
Networking Software & Internet Services • Round A • San Francisco, CA

Better Health Technologies raises $3.5MM led by 8VC
Health Care Distributors • Seed • San Francisco, CA

Snapsheet raises $30MM
Insurtech Software & Internet Services • Round E-2 • Chicago, IL

HiDef raises $7.5MM from Wick Capital Partners
Games Software & Internet Services • Round A • San Diego, CA

Hitachi acquires GlobalLogic for $9.6BN
Technology Services • Acquisition • San Jose, CA

Thomas H. Lee Partners takes $1.5BN majority stake in Bazaarvoice
Advertising Software & Internet Services • Acquisition • Austin, TX

Amgen acquires Rodeo Therapeutics Corp for $721MM
Pharmaceuticals • Acquisition • Seattle, WA

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