| |
In today's Daily Pitch, you'll find: - How SoftBank takes a unique approach to investing in Latin America.
- A look at why the overheated venture market could be poised for a cooling off period.
- Payments specialist Checkout.com has hauled in a $1 billion Series D, becoming Europe's second most valuable VC-backed company.
| | | | | |
|
| |
| SoftBank's Latin America Funds map out a new frontier | |  | | (KTSDESIGN/Getty Images) | | | SoftBank's investments span the globe, but only in Latin America does the investor have region-specific funds, with $8 billion dedicated to backing tech companies in the area.
Like the Vision Funds, SoftBank's two standalone Latin America Funds have an outsized amount of capital relative to similarly focused vehicles—but, as our latest analyst note details, the investor has a distinct strategy in Latin America that's unlike its approach anywhere else. | | | | | | | | | | Why some VCs are hopeful of a pullback in sky-high valuations | |  | | (Yuichiro Chino/Getty Images) | | | Shares of many closely followed tech stocks have given up more than 50% since their peaks in 2021. - Still, startup founders are continuing to pitch venture capitalists and successfully close funding rounds at soaring valuations.
- While VCs have been saying for years that startup prices are overheating, valuations jumped more dramatically in 2021 than in any other year since at least the middle of the previous decade.
- If tech stocks remain depressed for some time, this could eventually affect private market valuations, investors say.
| | | | | | | |
|
| |
| | DealCloud technology isn't just a CRM—it's a purpose-built platform that helps capital markets professionals harness the cumulative intellectual capital of their firm's people and processes.
When firms implement and leverage the DealCloud platform, their dealmakers gain access to a single source that helps enable better relationship management practices, seamless deal execution, faster due diligence, enhanced reporting and data analytics, and increased productivity.
Learn more | | | | | | | |
|
| Fintech specialist Checkout.com worth $40B with latest fundraise | |  | | (skaman306/Getty Images) | | | Payments specialist Checkout.com has become Europe's second most valuable VC-backed company with a $1 billion Series D.
The London-based company has seen its valuation increase 20 times to $40 billion since its first funding round in 2019, now rivaling Klarna in Europe. | | | | | | | | | | How a two-woman startup has become a powerful source for holding major companies accountable. [Protocol]
From shifting labor dynamics to geopolitical tensions to inflation, a visual breakdown of how experts expect 2022 to pan out. [Visual Capitalist]
Meet the startup using computer vision to remedy the UK's £850 million litter problem. [Fast Company] | | | | | |
|
| |
| | Since yesterday, the PitchBook Platform added: | | 565 Deals | 1417 People | 417 Companies | 33 Funds | | | | | | |
| |
| |
| |
| |
| |
| |
| 2011 Vintage Global Funds-of-Funds | | | | | | |
|
| |
| |
| Maze Therapeutics brings in $190M | | | | | | | | | BigPanda secures $190M Series D | | | BigPanda has raised $190 million at a $1.2 billion valuation in a round led by Advent International and Insight Partners. The company's platform is intended to help IT teams prevent outages as well as improve and automate incident management. BigPanda was valued at $350 million in 2019, according to PitchBook data. | | | | | | | | Tiger Global leads $115M round for SeekOut | | | SeekOut, the developer of a recruitment management platform designed to help organizations search for and hire talent, has raised a $115 million Series C round led by Tiger Global. The funding values the company at more than $1.2 billion. | | | | | | | | Location analytics startup Placer.ai picks up $100M | | | Placer.ai has reportedly raised $100 million at a $1 billion valuation in a round led by Josh Buckley. The California-based company's location analytics platform uses foot traffic data to help retail businesses access engagement insights. | | | | | | | | Identity verification startup Merit nabs $50M | | | Merit has raised a $50 million Series B led by Rose Park Advisors. The company is the developer of an identity verification platform designed to help organizations manage personnel information for use in sectors including emergency services, licensing and education. | | | | | | | | | Boosted.ai has raised a $35 million Series B co-led by Ten Coves Capital and Spark Capital. The company is a developer of machine learning software designed to help investment professionals analyze market data and make decisions. | | | | | |
|
| |
| Dyal lands 13% stake in MBK Partners | | | Dyal Capital Partners has agreed to acquire a roughly 13% stake in South Korean private equity firm MBK Partners for around $1 billion, Bloomberg reported. MBK is said to be looking to expand into real estate and growth capital investments while strengthening its global investor base. | | | | | | | | Vista invests in housing software company StarRez | | | Vista Equity Partners has made a growth investment in StarRez, a provider of residential community and student housing software. Founded in Australia in 1992, StarRez has since expanded into the North American and European markets, and now has over 800 customers in more than 20 countries. The new investment will be used to support StarRez's continued global expansion. | | | | | | | | One Equity Partners backs InfuCare Rx | | | One Equity Partners has invested in InfuCare Rx, a provider of specialty infusion therapies. InfuCare has locations in New Jersey, Pennsylvania, Maryland, Louisiana, California and Texas and serves over 4,000 patients across 43 states through its digital care management platform. | | | | | |
|
| |
| Citic, FountainVest consider $1B sale of Loscam assets | | | Citic Capital and FountainVest Partners are considering selling the Australian and New Zealand assets of pallet maker Loscam Asia Pacific Co., Bloomberg reported. The private equity firms, which own a combined 55% stake in Loscam, are looking to raise around $1 billion in the potential sale. | | | | | | | | TPG raises over $1B in IPO | | | Private equity firm TPG has priced its IPO at $29.50 a share, the midpoint of its projected range, The Wall Street Journal reported. TPG has flirted with a public offering for years, but will finally take the leap today when it debuts on the Nasdaq. The firm could reach a fully diluted market value of $9.5 billion following its offering. | | | | | |
|
| |
| Great Hill seeks $3.5B for latest buyout fund | | | Great Hill Partners is targeting $3.5 billion for its eighth buyout fund, The Wall Street Journal reported. The private equity firm backs midmarket tech-enabled companies. The firm closed its seventh buyout fund at $2.5 billion in 2019. | | | | | | | | Listen Ventures raises $92M for pair of funds | | | Chicago-based Listen Ventures has raised $92 million across two funds, according to reports. The venture firm has secured $62 million for its core fund, Listen Ventures III, and $30 million for a fund dedicated to larger, late-stage investments in its current portfolio. | | | | | |
|
| |
"Other well-known private capital firms are also making their presence felt in the growth equity space by launching new offerings. Growth equity is a natural strategy expansion opportunity for many buyout firms. The capital is often more flexible than control-only buyout funds, and the funds allow for healthy AUM growth while the GPs can stick to their established strategies."
Source: PitchBook's 2021 Annual US PE Breakdown | | | | | |
|
No comments:
Post a Comment