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Highlights of the Week (February 4, 2022)

Highlights of the Week (February 4, 2022)
February 4, 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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Sometimes hard news is, well, hard. We're currently dealing with Russian invasions, stock market volatility, and waning enthusiasm for our President. During times like these, I engage in nuanced discussions around cultural topics du jour via opinion columns, human-interest pieces, and comment sections. One particular article that caught my eye this morning was Roxanne Gay’s opinion piece over her decision to leave Spotify after the company signed a $100MM contract with Joe Rogan. The comments section runs the gamut between censorship and curation. Another article involves how TikTok’ers make money and their cries for legitimacy as professional content creators. Then there’s a story about a teenager who tweets the whereabouts of billionaires like Elon Musk as they whisk around the country by private jet. Their security issue might become his job offer.

Let’s look back on the week’s stories from PrivCo:

  • Monday, we pulled the insights and predictions from Shopify’s retail report of 2022 and used D2C darling Glossier as a case study. See what’s shaking in retail after a rough couple of years. Check it out.
  • For our investment highlight, we looked at public market volatility and its effect on private markets. Expect those soaring valuations to come back down to earth. Learn more.

  • How much money does a company make when you order a late-night snack off an app? It turns out, most of these companies are losing money—lots of it. Find out about the actual cost of on-demand groceries here.

  • Yesterday, we examined the meteoric rise and tumble of cryptocurrencies and their related businesses. From Coinbase’s disappointing public performance to the startups raising megafunds and delaying IPOs, find out more here.
Quick News:
📉Tech stock sell-offs rattle Wall St. 
🪓Apple & Google face app store ax
🔥Getting fired is getting harder
📦Amazon feels supply-chain pain
🏠Remote work not going anywhere
🏈What NFL’s Rooney Rule exposes in DEI hiring
Since last week, PrivCo has added:
2,225 Companies |  237 Funding Activities | 194 M&A Deals

Funding & Deal Highlights:

Ramp Business raises $200MM from Founders Fund

Credit Cards • Equity • New York, NY

Phylos Bioscience raises $7.6MM from Merida Capital Partners

Biotech • Equity • Portland, OR

CND Life Sciences raises $5MM from undisclosed investors

Biotech • Seed • Phoenix, AZ

Spotlyfe raises $1MM from Acadian Ventures

Employee Engagement • Equity • Fort Mill, SC

PalmPay raises $100MM from TRANSSION

Payments • Round A • Lagos, Nigeria

Getlabs raises $20MM from Emerson Collective

Remote Health • Round A • Miami, FL

ICEYE raises $136MM from Seraphim Capital

Satellites • Round D • Espoo, Finland 

Platform Science raises $115MM from SoftBank Vision Fund 2

Logistics • Round C • La Jolla, CA

Future Research raises $75MM from Trustbridge Partners

Fitness • Round C • San Francisco, CA

Dewpoint Therapeutics raises $150MM from SoftBank Vision Fund

Biopharmaceuticals • Round C • Boston, MA raises $240MM from Legacy Knight Capital Partners

E-Commerce • Debt & Equity • Houston, TX

Sidewalk Infrastructure Partners raises $400MM from StepStone Group

Infrastructure • Round B • Brooklyn, NY

TTTech Automotive raises $285MM from Audi

Automotive • Equity • Vienna, Austria

ConcertoCare raises $105MM from Wells Fargo

Elder Care • Equity • New York, NY

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