| | | | | The Daily Pitch: VC, PE and M&A | January 20, 2022 ![]() | | Like our newsletter? The data comes from the PitchBook Platform — our data software for VC, PE and M&A | | | | | | | In today's Daily Pitch, you'll find: - Our 2021 Annual European Venture Report, which explores what was a remarkable year for the region's VC ecosystem.
- Six charts that demonstrate 2021's record year for venture capital in the US.
| | | | | | | | | | Breaking down European VC's remarkable year | | Few could have predicted the heights that Europe and Israel's VC market would reach in 2021, with capital invested surpassing €100 billion for the first time. A glut of outsized rounds and an increase in late-stage capital led to record numbers, along with the continued participation of foreign and nontraditional investors.
PitchBook's 2021 Annual European Venture Report examines the key drivers that led to such a bumper year, breaking down activity across dealmaking, exits and fundraising, as well as regions. Key takeaways include: - Despite expectations at the start of 2021 that investors would be more risk-averse, first-time rounds spiked to new highs as VCs became more confident in Europe's venture ecosystem.
- Exit value more than tripled the previous record from 2018, totaling €142.5 billion, as investors and founders rushed to capitalize on favorable market conditions.
- Although European VC funds swelled in size in 2021, the number of vehicles created sunk to the lowest level since 2013.
| | | | | | | | | | Six charts that show 2021's record year for US venture capital | |  | | (welcomeinside/Getty Images) | | | Despite the ongoing impacts of the pandemic, 2021 saw US VC activity begin with a bang and end on a high note.
The Q4 2021 PitchBook-NVCA Venture Monitor, sponsored by Insperity, explores the data in detail, painting a dramatic picture of the US venture industry and depicting how the year toppled previous records for dealmaking, public listings, fundraising and more. We've selected six charts that portray some of the key trends of the past year.
Check out our visual breakdown here | | | | | | | | | | | | How corporate development teams are powering M&A in 2022 | | As deal activity increases, finding actionable information on startups and private companies remains a challenge. Prior to Tegus, it was nearly impossible to quickly understand what a startup does, what problem it solves, how it fits in the competitive landscape, its true points of differentiation and its go-to-market strategy.
Tegus' platform powers corporate development teams by providing this hard-to-find information through transcripts of expert calls facilitated by top-tier venture capital firms and founders.
See why the top corporate development teams use Tegus. Start your free trial today. | | | | | | | | | | PE-backed exits saw record value in 2021 | |  | | (Doug Armand/Getty Images) | | | Insatiable investor demand has driven US PE-backed exit value to the highest it's been in nearly 20 years—but it is unlikely this trend will hold up in 2022. - PE-backed IPOs broke annual records for both total count and value through just three quarters of 2021, a phenomenon driven by advantageous market conditions and a surge in tech sector activity.
- There were 42 PE-backed US public listings in Q3 2021, contributing to the fifth consecutive quarter with increased listing totals. Total PE-backed IPOs, which amassed $90.9 billion, accounted for more than 42% of PE exit value in the quarter.
| | | | | | | | | | A spate of musicians such as Stevie Nicks and Bob Dylan have been selling off their catalogs. Who are the calculators behind these musical mega-deals? [The Wall Street Journal]
Marfa, a small town in West Texas, has a reputation for its highbrow arts scene. But what happens when a new NFT art gallery enters the picture? [The New Yorker]
How a company formed by a trio of former SpaceX engineers is looking to shake up freight rail with autonomous, battery-powered trains. [Forbes] | | | | | | | | | | | Since yesterday, the PitchBook Platform added: | | 465 Deals | 1608 People | 459 Companies | 27 Funds | | | | | | | | | | | | | | | | | | | | 2019 Vintage Global Real Assets Funds | | | | | | | | | | | | | 1Password snags $6.8B valuation in latest round | | | | | | | | | | Lyra Health, a provider of workforce mental health benefits, has collected $235 million in a funding round led by Dragoneer Investment Group, with participation from Salesforce Ventures and Coatue. The startup has also announced its acquisition of ICAS World, a provider of employee wellness services. Lyra was valued at $4.6 billion after raising $200 million in June 2021, according to PitchBook data. | | | | | | | | Revenue operations startup locks down $225M | | | Clari, the creator of a revenue operations and performance platform, has closed a $225 million Series F at a $2.6 billion valuation. The funding was led by Blackstone, with support from existing investor Silver Lake and new backers Light Street Capital and Maverick Capital. The California-based company will use the capital to fund future acquisitions. | | | | | | | | Lattice hits $3B valuation | | | | | | | | | Telehealth startup Wheel brings in $150M | | | Wheel has raised a $150 million Series C co-led by Lightspeed and Tiger Global. The Austin-based company's telehealth platform enables companies and clinicians to provide virtual care, including scheduled video visits and remote patient monitoring. | | | | | | | | Facet Wealth banks $100M Series C | | | | | | | | | | | Bain Capital nears $2B+ deal for IT specialist | | | Bain Capital is in advanced talks to buy IT services company Inetum in a deal worth about $2.27 billion, Reuters reported. Based in the Paris area, Inetum focuses on IT consulting, cloud computing, AI and more. | | | | | | | | TPG closes in on Pathology Asia stake sale | | | TPG Asia is nearing the sale of a minority stake in Pathology Asia Holdings in a deal that would value the healthcare specialist at around $2 billion, Bloomberg reported. Government-backed investors from the Middle East and Asia are among those interested in buying the stake. | | | | | | | | Vista Equity invests $100M in BigTime Software | | | Vista Equity Partners has invested $100 million in BigTime Software, according to a press release. The Chicago-based company's industry-specific practice management tools are used by more than 2,300 professional services firms across sectors including accounting, engineering, architecture and IT services. | | | | | | | | Nautic Partners backs SPS Health | | | Nautic Partners has backed SPS Health, a Milwaukee-based healthcare solutions provider. SPS Health offers tech-enabled clinical and operational solutions to pharmacy benefits managers and long-term care, behavioral health, correctional, specialty, and worker's compensation pharmacies. Nautic Partners invested in the company out of its 10th fund, which has more than $3 billion in capital commitments. | | | | | | | | PE-backed Precisely to acquire PlaceIQ | | | | | | | | | The Riverside Company sells REPA to PE-backed Parts Town | | | | | | | | | | | TCV eyes $5.5B for newest growth fund | | | TCV is planning to raise $5.5 billion for its latest growth fund, The Wall Street Journal reported. The storied VC firm, which raised $4 billion for the fund's predecessor in January 2021, focuses on sectors including remote collaboration, SaaS, edtech, media and entertainment, fitness, ecommerce and digital banking. | | | | | | | | Monomoy Capital wraps fourth PE vehicle with $1.1B+ | | | Monomoy Capital Partners has closed its fourth private equity fund at more than $1.1 billion. The new fund has already made four investments and one acquisition in sectors including building products, manufacturing and enthusiast consumer products. Monomoy closed its third fund at nearly $770 million in 2016. | | | | | | | | Viola Ventures closes $250M fund | | | Viola Ventures has raised $250 million for its sixth flagship fund. Founded in 2000, the Israeli VC firm backs early-stage tech startups. Its portfolio includes speech recognition specialist Verbit and Redis, the provider of an in-memory database. | | | | | | | | | | | | | | | | | | Who's in the newsletter today? | | Investors | | | | Companies | | | | | | | | | | | | | |
No comments:
Post a Comment