European unicorns, Venture Capital Deals, Private Equity Deals, Public Offerings, SPAC Stuff, Liquidity Events, Fundraising

10 Μαρτίου, 2021 5:37 μμ

SPAC merger volume in 2021 has already surpassed SPAC merger volume for all of 2020

 
-Venture Capital Deals

• Snyk, a London-based provider of cybersecurity analysis tools, raised $300 million in primary and secondary funding at a $4.7 billion valuation. Accel and Tiger Global co-led, and were joined by Atlassian, Franklin Templeton and insiders Addition, BlackRock, Boldstart Ventures, Canaan Partners, Coatue, GV, Salesforce Ventures and Stripes. http://axios.link/MIDm

Cedar Cares, a New York-based health care billing platform, raised $200 million at a $3.2 billion post-money valuation. Tiger Global led, and was joined by Andreessen Horowitz, Thrive Capital and Concord Health Partners. http://axios.link/ODO6

• Flutterwave, a digital payments platform for African businesses, raised $170 million in Series C funding. Avenirand Tiger Global co-led, and were joined by DST Global, Early Capital Berrywood, Green Visor Capital, Greytcroft, Insight Ventures, Salesforce Ventures, Tiger Management and Worldpay FIS and 9yards Capital. http://axios.link/Kwbn
• Zego, a British on-demand auto insurer, raised $150 million in Series C funding at a $1.1 billion post-money valuation. DST Globalled, and was joined by General Catalyst and insiders like Target Global, Balderton Capital and Latitude. http://axios.link/pPAO
• Aqua Security, a cybersecurity company focused on cloud-native services, raised $135 million in Series E funding at a $1 billion valuation. ION Crossover Partnersled, and was joined by insiders M12, Lightspeed Venture Partners, Insight Partners, TLV Partners, Greenspring Associates and Acrew Capital. http://axios.link/J8C0

Ventyx Biosciences, an Encinitas, Calif.-based immunology startup, raised $114 million. VenBio Partners led, and was joined by Third Point, RTW Investments, Janus Henderson Investors, Wellington Management and OrbiMed. http://axios.link/zenr

Advise Health, a Bloomington, Ind.-based Medicare agency, raised $100 million. Oak HC/FT led, and was joined by Adams Street Partners and Hamilton Lane. www.adviseinsurance.com

• Corvus, a Boston-based provider of smart commercial insurance products, raised $100 million in Series C funding led by Insight Partners. www.corvusinsurance.com
• Jobandtalent, a Spanish temp staffing marketplace, raised €100 million in Series D funding from SoftBank Vision Fund 2. http://axios.link/CEla

AgomAb Therapeutics, a Belgian biotech focused on regenerative pathway modulators, raised $74 million in Series B funding. Redmile Group led, and was joined by Cormorant Asset Management, Advent France Biotech, Andera Partners, Boehringer Ingelheim, Omnes Capital, Pontifax and V Bio Ventures. http://axios.link/u9ZW

• SeekOut, a Redmond, Wash.-based talent platform, raised $65 million in Series B funding. Tiger Globalled, and was joined by insiders Madrona Venture Group and Mayfield. http://axios.link/H4nf
• NuOrder, a Los Angeles-based B2B ecommerce platform, raised $45 million co-led by Brighton Park Capitaland Imaginary Ventures. www.nuorder.com
• ActZero, a Palo Alto-based cybersecurity solution for SMBs, raised $40 million from Point72 Hyperscale. http://axios.link/O2xR
• Tetrate, a Milpitas, Calif.-based service mesh startup raised $40 million. Sapphire Venturesled, and was joined by Scale Venture Partners, NTTVC and insiders Dell Technologies Capital, Intel Capital, 8VC, and Samsung Next. http://axios.link/bOjG
• DataGrail, a San Francisco-based privacy platform for brands, raised $30 million in Series B funding. Felicis Venturesled, and was joined by HubSpot, Okta, Next47, Basis Set Ventures and Operator Collective. www.datagrail.io
• Wrapbook, a New York-based payroll platform for the entertainment industry, raised $27 million in Series A funding. Andreessen Horowitzled, and was joined by Equal Ventures, Uncork Capital and WndrCo. http://axios.link/oZOm

Cybrexa Therapeutics, a New Haven, Conn.-based oncology biotech, raised $25 million in Series B funding from HighCape Capital and Elm Street Ventures. www.cybrexa.com

• Pathlock, a Flemington, N.J.-based provider of unified access orchestration, raised $20 million from Vertica Capital Partners. www.pathlock.com
• Daily, a real-time audio and video developer platform, raised $15 million in Series A funding. Lachy Groomled, and was joined by Tiger Global. http://axios.link/6mly
• MobileCoin, a cryptocurrency being advised by Signal creator Moxie Marlinspike, raised $11.4 million from Future Ventures and General Catalyst. http://axios.link/8WXB
• Singclip, as Port Washington, N.Y.-based platform for sharing licensed music clips via social media, raised $11 million. Evolution VC Partners led, and was joined by The Kraft Group, Michael Rubin, Raised in Space, Gaingels and ​Forefront Venture Partners. http://axios.link/lCq0
• Lumu, a Miami, Fla.-based cloud cybersecurity startup, raised $7.5 million in Series A funding fromSoftBank and Panoramic Ventures. http://axios.link/wzPQ
• Calixa, a San Francisco-based bottom-up sales platform, raised $4.25 million in seed funding. Kleiner Perkinsled, and was joined by Operator Collective and Liquid 2 Ventures. http://axios.link/GMFZ
• AgencyMVP, an Austin, Texas-based P&C insurance sales lead platform, raised $3.5 million in seed funding led by Silverton Partners. www.agencymvp.com
• Trufan, a Toronto-based audience engagement startup, raised US$2.3 million in seed funding. Moneta Venturesled, and was joined by GP Ventures, Protocol Ventures and Athlete Technology Group. http://axios.link/XyJD
• Capsule, a decentralized social media platform, raised $1.5 million in seed funding led by Poylchain Capital. http://axios.link/cTMH

 
-Private Equity Deals

• Abracon, a Spicewood, Texas-based portfolio company ofThe Riverside Company bought AEL Crystals, a British maker of frequency control components. www.abracon.com
• Bain Capitalis part of an investor group buying vegan restaurant chain By Chloe out of bankruptcy, although the brand name itself is excluded from the deal. http://axios.link/DZK
• The Carlyle Groupcompleted its purchase of Flender, the mechanical drive unit of Siemens, for just over €2 billion. http://axios.link/vtRa

CVC Capital Partners is in advanced talks to buy French OTC drugmaker Cooper for around €2.2 billion from Charterhouse Capital Partners, per Bloomberg. http://axios.link/XOKJ

• EasyPark, a Swedish parking payments app owned by Vitruvian Partners, agreed to buy rival Park Nowfrom BMW and Daimler. http://axios.link/Ut10
• Thoma Bravoagreed to buy Talend (Nasdaq: TLND), a Redwood City, Calif.-based data integration and data integrity company, for $2.4 billion, or $66 per share (29% premium to yesterday’s closing price). http://axios.link/12Mf
• Vista Equity Partnersagreed to buy a majority stake in AlertMedia, an Austin, Texas-based provider of emergency communication software, per Fortune. AlertMedia had raised around $58 million from firms like JMI Equity, Next Coast Ventures, and Silverton Partners. http://axios.link/6iZd

 
-Public Offerings

• China Telecom (HK: 0728), a state-owned mobile telco that’s been blacklisted by the U.S., plans to raise around $4 billion via a float in Shanghai. http://axios.link/woCv

The Duckhorn Portfolio, a Napa Valley luxury wine producer backed by TSG Consumer Partners, set IPO terms to v20 million shares at $14-$16. It would have a fully diluted market value of $1.8 billion, were it to price in the middle. Duckhorn plans to list on the NYSE (NAPA), and reports $32 million of net income on $270 million in revenue for its fiscal year ending last July. http://axios.link/9Gmk

 
-SPAC Stuff

SPAC merger volume in 2021 has already surpassed SPAC merger volume for all of 2020.

• IronNet, a McLean, Va.-based cybersecurity platform, is in talks to go public at a $1.2 billion valuation via acquisition by defense-focused SPAC LGL Systems(NYXSE: DFNS), per Bloomberg. IronNet has raised over $150 million, plus got a PPP loan, from backers like C5 Capital, ForgePoint Capital, Kleiner Perkins and Trident Capital. http://axios.link/Mi1i

Beard Energy Transition Acquisition, an electric power grid SPAC led by Gregory Beard (ex-Apollo Global Management), filed for a $250 million IPO. http://axios.link/m0R8

• Cain Acquisition, an experience-based hospitality and real estate SPAC, filed for a $250 million IPO. http://axios.link/Xh7o
• Data Knights Acquisition, a data center SPAC, filed for a $100 million IPO. http://axios.link/wUeB
• Excelsa Acquisition, a Latin American SPAC chaired by the founder of Intercorp Perú, filed for a $250 million IPO. http://axios.link/3x7r
• GigCapital, a SPAC platform led by semiconductor vet Avi Katz, filed to raise a pair of $350 million-targeted SPACs. http://axios.link/neNx
• HennessyCapital Investment VI, an industrial tech SPAC, filed for a $200 million IPO. http://axios.link/RyJn
• New Beginnings, a SPAC platform led by Michael Liebowitz (Alliant Insurance), filed to raise a pair of $100 million SPACs. http://axios.link/sNMg
• Panacea Acquisition II, a biotech SPAC formed by EcoR1 Capital, filed for a $150 million IPO. http://axios.link/Fahs
• Virgin Group Acquisition III, a SPAC formed by Virgin Group, filed for a $500 million IPO. http://axios.link/Pt9J

 
-Liquidity Events

• Apollo Global Managementand Reverence Capital Partners agreed to sell Las Vegas-based timeshare operator Diamond Resorts International to Hilton Grand Vacations (NYSE: HGV) for $1.4 billion in stock. http://axios.link/iAQP
• Via, an on-demand shuttle operator valued at more than $2 billion by VCs, agreed to buy Remix, a San Francisco-based provider of public transit mapping software, for $100 million in cash and stock. Remix had raised $27 million from firms like Sequoia Capital, Energy Impact Partners, Four Cities Capital and Purpose Built Ventures. http://axios.link/kwU1

 
-More M&A

• Conagra(NYSE: CAG) is in early talks to sell its Hebrew National hot dog brand to Brazilian meat processor JBS, per the Wall Street Journal. A deal could be worth around $700 million, and may include other Conagra brands like Egg Beaters. http://axios.link/UOsh
• Epic Games, the maker of Fortnite, acquired photogrammetry studio Capturing Reality. http://axios.link/bStw
• General Electric(NYSE: GE) officially agreed to merge its aircraft-leasing business with AerCap Holdings (NYSE: AER). http://axios.link/ji1q

Northvolt, a Swedish maker of lithium-ion batteries, agreed to buy Emeryville, Calif.-based startup Cuberg. Northvolt is backed by more than $3.6 billion from firms like Volkswagen, Goldman Sachs and Baillie Gifford. http://axios.link/8STB

 
-Fundraising

• Cerberus Capital Managementraised $4.4 billion for its fourth midmarket direct lending fund and separately managed accounts. www.cerberus.com
• One Rock Capital Partnersraised $2 billion for its third midmarket private equity fund. www.onerockcapital.com
• Savannah Fundraised $25 million for its latest pan-Africa VC fund. http://axios.link/3MFP
• SIP Global Partners, a U.S.-Japan venture capital firm, held a $75 million first close on its $150 million-targeted debut fund. www.sipgp.com

 
-Final Numbers: European unicorns

 
More from PitchBook: “Valuations in the European VC ecosystem have a considerable way to go to match recent valuations in the U.S. VC ecosystem. Nonetheless, European unicorn numbers and their aggregate value have developed tremendously in the past decade, having been virtually nonexistent 10 to 15 years ago.”

 
Πηγή: axios.com