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In today's Daily Pitch, you'll find: - Our latest Mobility Tech Report explores trends that shaped this space in Q4 2021, including a market map and details on key VC deals.
- Sequoia is going all-in on crypto with up to $600 million dedicated to liquid tokens, digital assets and more under its new evergreen structure.
- Six charts from our latest European VC Valuations Report showcasing some of the key trends that influenced valuations in 2021.
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Autonomous driving, EV companies steer mobility tech funding to record highs | | Venture investors are pouring billions of dollars into mobility tech startups that have benefited from increased demand for low-cost, environmentally friendly transportation solutions. Electric vehicle and other mobility tech startups raised $23.4 billion in VC funding in Q4 2021, up 81.9% year-over-year. Our latest Mobility Tech Report examines the major trends that shaped this space in Q4. The report includes a market map and explores key deals. | | | | | | | Sequoia is serious about crypto—for good this time | | | (ADLC/Getty Images) | | | Like much of the venture capital community, Sequoia's relationship with cryptocurrency startups has waxed and waned with the fortunes of the industry. Now the venerable investor is going all-in with up to $600 million in dedicated funds for crypto projects, including tokens and other digital assets. The vehicle is one of three new funds launched under Sequoia's evergreen structure. So where is Sequoia placing its crypto bets? Take a look. | | | | | | |
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An all-time high for life sciences' venture investment at $47 billion | | Multiple records set in 2020 across venture investment activity all fell last year as dealmaking soared to a frenzy. No less than $47 billion was invested across just over 2,000 completed transactions. The latest edition of Orrick's life sciences publication series is now available, summarizing key trends in dealmaking and providing insights into recent industry developments, with highlights including: - A roundtable discussing longevity, featuring executives from HCW Biologics, Inc., Oisin Biotechnologies, BioAtla, Boehringer Ingelheim and others.
- Financing metrics on deal sizes and valuations.
- Analysis of record-breaking exit activity and future liquidity potential.
Read it now | | | | | | |
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Six charts showcasing Europe's bumper year for VC valuations | | | (twomeows/Getty Images) | | | Valuations for European and Israeli startups hit record highs in 2021, the result of a convergence of factors including competition for deals, growing round sizes and increased participation from nontraditional investors. Here's a look at six charts from our latest European VC Valuations report showcasing some of the key trends that shaped valuations last year. | | | | | | | Silver Lake to back New Zealand rugby | | | (Brendan Moran/Getty images) | | | Silver Lake has added another high-profile sports investment to its portfolio by agreeing to buy a share in the company behind New Zealand's All Blacks rugby team. Under the terms of the agreement, Silver Lake will pay NZ$200 million (around $134 million) for a stake of up to 8.58% in a new entity—NZR CommercialCo—which will hold all the revenue-generating activities of New Zealand Rugby, which includes the All Blacks brand. The deal, which values the new company at NZ$3.5 billion, has approval from the New Zealand Rugby Players Association. In addition to Silver Lake's stake, a co-investment of up to NZ$100 million will be offered to New Zealand-based institutional investors later this year. Silver Lake has invested in Manchester City Football Club owner City Football Group and backs the Ultimate Fighting Championship, but this is the firm's first foray into rugby. CVC Capital Partners, another prolific sports investor, was also reportedly eyeing a stake in the asset. CVC backed Six Nations Rugby last year. | | | | | | | Why activist investor and Third Point CEO Daniel Loeb thinks the market is failing to recognize Amazon's full potential. [The Wall Street Journal] Millions of employees leaving their jobs has inspired a new wave of organizing among the workers that remain—and a brutal pushback. [The New York Times] "Zero-click" hacks, which exploit operating system flaws rather than malicious links or attachments, are growing in popularity, and not just among hackers. [Bloomberg] | | | | | |
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| Since yesterday, the PitchBook Platform added: | 424 Deals | 1544 People | 474 Companies | 32 Funds | | | | | |
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2019 Vintage Global Funds-of-Funds | | | | | |
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| | | | | Synthego has raised $200 million in a round led by Perceptive Advisors. The company is the developer of a genome engineering platform to help discover new therapies. Synthego was valued at $450 million in 2020, according to PitchBook data. | | | | | | Voltron Data launches with $110M | | | | | | Instrumental brings in $50M Series C | | | | | | | | | |
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CDPQ, Georgian to buy stake in ESentire | | | | | | SFW backs RDI Technologies | | SFW Capital Partners has invested in RDI Technologies, a provider of computer vision-based analytical solutions. The company serves a variety of industries including the aerospace and defense, power generation and industrial manufacturing sectors. | | | | | | Core Industrial's CGI scores Haven | | | | | |
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Thrive Capital raises $3B across two funds | | New York-based Thrive Capital has raised $2.5 billion to back late-stage companies, in addition to a $500 million early-stage vehicle, The Wall Street Journal reported. The tech-focused firm's portfolio includes fintech companies Plaid and Carta. | | | | | | Vestigo Ventures closes $117M+ fund | | Vestigo Ventures has raised $117.3 million for its sophomore fund. Based in the Boston area, the VC firm plans to invest the new capital in fintech companies. | | | | | |
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