Venture CapitalDeals, Private Equity Deals, Public Offerings, SPAC Stuff, Liquidity Events
| Venture Capital Deals |
| • M1 Finance, a Chicago-based automated money management platform, raised $75 million in Series D funding at a valuation north of $3.5 billion. Coatue led, and was joined by insiders Left Lane Capital and Clocktower Technology Ventures. http://axios.link/TJy8
• Vendr, a Boston-based software procurement platform, raised $60 million in Series A funding. Tiger Global led, and was joined by YC, Sound Ventures, Craft Ventures, F-Prime Capital and Garage Capital. http://axios.link/y5EF • Pipe, a Miami-based trading platform for recurring revenue, raised $50 million. Siemens Next47 and Raptor Group co-led, and were joined by Shopify, Slack, HubSpot, Okta, Chamath Palihapitiya, Marc Benioff, MSD Capital, Republic, Alexis Ohanian and Joe Lonsdale. http://axios.link/5DAz Ibex Medical Analytics, an Israeli cancer diagnostics platform, raised $38 million in Series B funding co-led by Octopus Ventures and 83North. http://axios.link/fUdv • Preply, an online marketplace for tutor-based foreign language learning, raised $35 million in Series B funding. Owl Ventures and Full In Ventures co-led, and were joined by EduCapital, All Iron, Diligent Capital, Evli Growth Partners and insiders Point Nine Capital and Hoxton Ventures. www.preply.com Paige.AI, a New York-based computational pathology startup, raised $25 million in new Series C funding from KKR and Johnson & Johnson (round total now $125m). http://axios.link/zA7W • Cosi Group, a German provider of short-term rental properties, raised €20 million. Soravia led, and was joined by insiders Cherry Ventures, e.ventures, Kreos Capital and Bremke. http://axios.link/Gz7c • Demostack, an Israeli platform for building software demos, raised $17.3 million from Bessemer Venture Partners, Amiti Ventures, Operator Collective and Cerca Partners. http://axios.link/oFDo • Scoro, a London-based provider of work management software for professional service businesses, raised $16.4 million in Series B funding. Kennet Partners led, and was joined by Columbia Lake Partners, Inventure, Livonia Partners and Tera Ventures. www.scoro.com • Cube, a New York-based provider of planning and analysis software for corporate finance teams, raised $10 million in Series A funding. Mayfield led, and was joined by Bonfire Ventures and Operator Collective. www.cubesoftware.com • Porter Road, a Nashville, Tenn.-based whole animal butchery, raised $10 million. L37 Ventures led, and was joined by River Park Ventures, Middleland, FJ Labs, MAX Ventures, Tribeca Venture Partners and Slow Ventures. http://axios.link/kfes • Plan A, a Berlin-based platform for corporate carbon footprint tracking and reporting, raised $3 million. Demeter led, and was joined by Coparion and SoftBank. http://axios.link/Zz1g • Elucidate, a Berlin-based financial crime risk scoring platform, raised €2.5 million in seed funding. Frontline Ventures led, and was joined by insiders Seed X Liechtenstein, Apex Ventures and Big Start Ventures. www.elucidate.co • Omeda Studios, a London-based gaming startup led by former Twitch influencer Robbie Singh, raised $2.2 million in seed funding. GFR Fund led, and was joined by Inventure, Progression Fund, 1Up Ventures, Aream & Co. and Ride Ventures. www.omedastudios.com • Influenxio, a Taipei-based microinfluencer platform, raised $2 million in seed funding led by DCM Ventures. http://axios.link/SFGR • Mentorcam, a Los Angeles-based video messaging platform for consumer advice from experts, raised $1.4 million. General Catalyst led, and was joined by Studio VC, Kosinski Ventures and Realize Tech Fund. www.mentor.cam |
| Private Equity Deals |
| • Amwins Group, a Charlotte-based specialty insurer, agreed to buy Worldwide Facilities, a Los Angeles-based wholesale broker. Amwins backers include New Mountain Capital, ACAS, LNC Partners and Dragoneer. www.amwins.com
• Charlesbank Capital Partners agreed to invest in Ivanti, a South Jordan, Utah-based IT automation platform whose existing backers include Clearlake Capital Group and TA Associates. www.ivanti.com • Fortress Investment Group is in talks to acquire certain noncore assets of Colony Capital, including a wellness infrastructure portfolio that was valued at around $3.3 billion at year-end 2020, per Bloomberg. http://axios.link/OYX9 HitecVision acquired North Sea-focused Zennor Petroleum from Kerogen Capital for around $625 million. http://axios.link/bUHu • JMI Equity invested in Canto, a San Francisco-based provider of digital asset management software. www.canto.com • Levine Leichtman Capital Partners acquired Creditinfo, an Icelandic provider of credit information and risk management solutions. www.creditinfo.is Questa Capital invested in Claritas Rx, a San Francisco-based data integration and analytics platform for specialty and rare diseases. www.claritasrx.com • Wind Point Partners acquired FoodScience, an Essex, Vt.-based maker of nutritional supplements for humans and pets. www.foodsciencecorp.com |
| Public Offerings |
| Abbisko Therapeutics, a Chinese oncology-focused biotech, is prepping a $250 million Hong Kong IPO, per Bloomberg. It’s raised over $300 million from firms like The Carlyle Group, OrbiMed, Warburg Pincus, CICC Capital, Lilly Asia Ventures, Qiming Venture Partners, Shanghai Jianxin Capital, Janchor Partners, Sage Partners and Temasek. http://axios.link/BFcB
• Coupang, a South Korean e-commerce giant, raised its IPO price range from $27-$30 to $32-$34. It still plans to offer 120 million shares, and list on the NYSE (CPNG). The company reports a $475 million net loss on $12 billion in revenue for 2020, while include SoftBank Vision Fund, Greenoaks Capital, Maverick Ventures and Sequoia Capital. http://axios.link/au05 • Frontier Group Holdings, a Denver-based budget airline, filed for a $100 million IPO. It previously filed in 2017 but pulled the offering last year, and its new filing comes as rival Sun Country prepares to go public. http://axios.link/BuEs • Global-E Online, an Israeli platform for cross-border ecommerce, filed for a $100 million IPO. It plans to list on the Nasdaq (GLBE) and reports $8 million of net income on $136 million in revenue for 2020. Shareholders include Red Dot Capital Partners and Deutsche Post. http://axios.link/xjUE • Pepper Money, an Australian lender backed by KKR, is restarting an IPO process that stalled in 2019, per The Australian. www.peppermoney.com.au |
| SPAC Stuff |
| Citiustech, a Princeton, N.J.-based healthcare tech company owned by Baring Private Equity Asia, is seeking a SPAC deal at a valuation of around $1 billion, per Bloomberg. http://axios.link/imB2
DocGo (f.k.a. Ambulnz), a New York-based provider of last-mile telehealth and medical mobility solutions, agreed to go public at a $1.1 billion implied valuation, via reverse merger with Motion Acquisition Corp. (Nasdaq: MOTN), a SPAC led by former Fleetmatics CEO Jim Travers. Ambulnz raised a small amount of funding from Valor Equity Partners, Fine Day Ventures, Vast Ventures and The Hillview Group. http://axios.link/Cx1c • Angel Pond Holdings, a Chinese tech SPAC led by Theodore Wang (ex-Goldman Sachs), filed for a $300 million IPO. http://axios.link/v5ur • Corsair Partnering Corp, a financial and business services SPAC formed by Corsair Capital, filed for a $350 million IPO. http://axios.link/L5RG • FTAC Zeus Acquisition, the 11th fintech SPAC formed by The Bancorp, filed for a $450 million IPO. http://axios.link/zSar • Gefen Landa Acquisition, an Israeli tech SPAC formed by Gefen Capital and Landa, filed for a $250 million IPO. http://axios.link/iQbA • Revolution Acceleration Acquisition II, a SPAC formed by VC firm Revolution and led by former Rep. John Delaney, filed for a $250 million IPO. The original Revolution SPAC recently agreed to buy warehouse robotics company Berkshire Grey. http://axios.link/cUYw • Schultze Special Purpose Acquisition Corp. II, a SPAC formed by Schultze Asset Management, filed for a $200 million IPO. The first Schultze SPAC bought cannabis company Clever Leaves. http://axios.link/1gVW • TPG filed for three new SPACs. One is focused on underperforming mature companies (targeting $250M), another on tech ($450M) and the third on business with a strong ESG profile ($350M). http://axios.link/0Stn |
| Liquidity Events |
| • Dropbox (Nasdaq: DBX) agreed to buy DocSend, a San Francisco-based document sharing and tracking platform, for $165 million. DocSend had raised around $15 million from firms like August Capital and DCM Ventures. http://axios.link/6FTP
GIC and Goldman Sachs are seeking a buyer for Japanese renewables group JRE, which could fetch around $2.5 billion, per Bloomberg. http://axios.link/8TCQ • PayPal (Nasdaq: PYPL) agreed to buy Curv, an Israeli provider of digital asset security software. Curv had raised $30 million from firms like Digital Currency Group, CommerzVentures and Coinbase Ventures. http://axios.link/Dnbc |
| More M&A |
| • Diageo (LSE: DGE) acquired the parent company of hard seltzer brand Lone River Ranch Water. http://axios.link/D6fK
• Macquarie and pension fund Aware Super agreed to acquire Australian telecom services firm Vocus Group (ASX: VOC) for A$3.5 billion.http://axios.link/KvX7 • Zapier, a San Francisco-based no-code automation tool, acquired Makerpad, a British no-code education service and community that had been seeded by firms like Earnest Capital. Zapier shareholders include Sequoia Capital, Salesforce Ventures, Bessemer Venture Partners and Threshold Ventures. http://axios.link/YP4K |
| Fundraising |
| • Ant Capital of Japan is targeting $460 million for its sixth fund, per PEI. http://axios.link/WB8y
• Apax Partners is raising $1.5 billion for its second midmarket tech fund, per public pension docs. http://axios.link/lGNj • Coatue Management is raising its second early-stage VC fund, per an SEC filing. • Investcorp has secured around $1 billion for a $2 billion fund focused on North American assets, per Bloomberg. http://axios.link/QL7n • VMG Partners raised $850 million for its fifth fund focused on consumer brands. http://axios.link/XcAv |
| It’s Personnel |
| • Atomic.vc promoted Jordan King to principal. She continues to run the firm’s founder-in-residence program. www.atomic.vc
• Michael Kraines joined Digital Currency Group as its first CFO. He previously was president and CFO of Trading Technologies. www.dcg.co • Jon Torrey joined Madrona Venture Group as a venture partner. He previously was with Qualtrics. www.madrona.com • Laurent Vaille and Charles Bourgeois joined H.I.G. Capital as principals in its European direct lending group. Both were previously with Tikehau Capital. www.higeurope.com |
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