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Highlights of the Week (June 4th, 2021)

Highlights of the Week (June 4th, 2021)
June 4 2021

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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Happy Friday. Here’s our wrap-up of the week.

This week marked a pivotal moment in the pandemic, as 50% of the American population has received at least one shot of the COVID-19 vaccine and President Biden set a goal set of 70% by the July 4th holiday. Meanwhile, negotiations on Biden’s $1.7TN infrastructure deal continue to stall, as Senate Republicans push back with their own $928BN plan. Meanwhile, recent data show new businesses are popping up at the fastest pace on record while the rate for workers quitting their jobs is the highest since 2000.

Here’s a look at this week’s top stories from PrivCo:

  • Tuesday’s Investor Spotlight was on the Menlo Park-based VC firm GGV Capital. The 20-year old firm raised an additional $2.52BN in January, bringing their total managed funds to a massive $9.2BN across 17 funds. Most known as the first institutional investor in Alibaba, the firm has since made meaningful investments in OpenDoor, Poshmark, Wish, Affirm, Slack & Square

  • The two richest men in the world are duking it out for deals in space. Elon Musk’s SpaceX recently won a bid to complete the first spacewalk on the moon in nearly 50 years. Jeff Bezos’s Blue Origin has Washington State US senator Maria Cantwell proposing an amendment to the plan that would add $10BN to the deal and bring Bezos onboard. Bernie Sanders is not having it.

  • Content creators born out of social media are taking their acts off-platform. A slew of startups is there to help creators bring their fans along for a transactional journey outside of TikTok, Instagram, YouTube & Twitter.
Quick News
Since last week, PrivCo has added:
603 Companies | 260 Funding Activities | 89 M&A Deals

Funding & Deal Highlights:

Celonis raises $1BN from Durable Capital Partners

Automation Software & Internet Services • Round D • Munchen, Germany

VETRO FiberMap raises $12MM from Resolve Growth Partners 

Geospatial Software & Internet Services • Equity • Portland, ME

Bought By Many raises $350MM from EQT Partners

Insurance Services • Round D • London, UK

Phil raises $156MM from Warburg Pincus

Pharmacy Software & Internet Services • Round D • San Francisco, CA

Urban Company raises $255MM from Prosus Ventures

Services Software & internet Services • Round F • New Delhi, India

Thirty Madison raises $140MM from HealthQuest Capital 

Consumer Products • Round C • New York, NY

Climavision raises $100MM

Weather Software & Internet Services • Equity • Louisville, KY

YieldStreet raises $100MM from Tarsadia Investments

Fintech Software & Internet • Round C • New York, NY 

Spruce Holdings raises $60MM from Zigg Capital 

Real Estate Software & Internet Services • Round C • New York, NY

Shippo raises $50MM from Bessemer Venture Partners 

API Software & Internet Services • Equity • New York, NY

Mynd Management raises $40MM from Invesco Advisers

Real Estate • Equity • Oakland, CA

Synctera raises $33MM from Fin Venture Capital 

Fintech Software & Internet Services • Round A • San Francisco, CA

Pinwheel raises $20MM from Coatue Management 

Fintech Software & Internet Services • Round A • New York, NY

System raises $10MM from Acrew Capital 

Data Software & Internet Services • Round A • New York, NY

Ditto Tech raises $1.5MM from Greycroft Partners & Y Combinator

UX Software & Internet Services • Seed • Sacramento, CA

Jeeves raises $26MM from A16Z

Fintech Software & Internet Services • Round A • New York, NY

Clearlake Capital acquires BeyondTrust

Security Software & Internet Services • SPAC • Johns Creek, GA

Escalent Acquires Grail Insights

Professional Services • Acquisition • Oakland, CA

The Kantar Group Acquires MeMo

Media Software & Internet Services • Acquisition • Amsterdam, Netherlands

Searchlight Capital Partners Acquires Care Advantage

Health Care Providers • Acquisition • Richmond, VA

Swander Pace Capital acquires Mommy’s Bliss

Consumer Products • Acquisition • Richmond, CA

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