| |
In today's Daily Pitch, you'll find: - As inflation and rising interest rates continue to rock global markets, private market investors are homing in on real assets.
- Germany's Personio hits an $8.5 billion valuation as VC-backed companies increasingly explore extension rounds to shore up capital reserves.
| | | | | |
| |
| |
| Private investors home in on real assets | | As rising inflation and interest rates continue to rock global markets, private market investors are increasingly focused on real assets, due to the stability and protection they offer in volatile times.
Our latest Global Real Assets Report explores trends within infrastructure, oil and gas, agriculture, and more, diving into the data on fundraising and performance. Key takeaways include: - Despite rising interest rates, North American core infrastructure assets drew strong investor interest, likely due to the policy landscape that has helped prime some infrastructure investments for success.
- Oil and gas fundraising has represented less than 2% of real assets fundraising since the beginning of last year, but that is expected to change with the impact of the current macroeconomic tailwinds.
- Funds targeting Europe and North America have led real assets fundraising in recent years at the expense of Asia. While Asia has represented 10% of overall fundraising since 2008, it accounted for just 3% of assets committed since the start of 2021.
| | | | | | | | | HR tech company Personio hits $8.5B valuation with extension round | |  | | (Courtesy of Personio) | | | Munich-based Personio has raised another $200 million for its Series E, increasing its valuation by 35%.
As current market conditions become more challenging, startups are increasingly exploring extension rounds to shore up capital reserves. | | | | | | | |
| |
| |
| After a record-breaking year, liquidity prospects get complex | | The past few years saw unprecedented liquidity for expansion-stage companies, with billions of dollars in exit value notched across public listings and sales. However, geopolitical and market volatility has rendered exit prospects much more complex now. The latest edition of Road to Next delves into these rapidly complexifying exit trends, analyzing how expansion-stage companies can best prepare given broader market circumstances. Highlights include: - A spotlight on SPACs and their potential for cryptocurrency enterprises
- Data on exits including median valuations and sizes
- Insights on how liquidity trends have varied across regions
Read it now | | | | | | | |
| |
| GIC, APG agree to student housing deal as demand grows | |  | | (Ana Fernandez/Getty Images) | | | Singapore sovereign wealth fund GIC has joined Dutch pension fund APG to make its second big bet on European student housing in as many months, with a deal valuing Dutch company The Student Hotel at €2.1 billion (around $2.2 billion).
The transaction taps into a need to house Europe's rapidly growing student population, which has expanded due to unexpected tailwinds caused by the COVID-19 pandemic. | | | | | | | | | Insurtech sector to meet obstacles for the foreseeable future | | The insurance industry has been generally slow to adopt new technologies that enable companies to drive cost savings, efficiency and productivity across the entire insurance value chain. And while increased competition, COVID-19 and other factors have encouraged innovation in the sector, analysts believe that venture funding for insurtech companies will slow for the foreseeable future.
Our Q1 2022 Insurtech Report breaks down the industry's landscape, VC activity in the space, crypto insurance and more. Some key takeaways include: - Insurtech companies have been viewed as overpriced in the private markets, and this is reflected in our index of recently listed public insurtech companies, which was down more than 40% over the 12 months ending March 31.
- In Q1 2022, insurtech companies globally raised $2.6 billion across 154 VC deals, representing a 13.4% quarter-over-quarter decrease in deal value and the lowest amount of invested capital since Q3 2020.
- During the quarter, the median pre-money valuation for VC-backed, late-stage insurtech companies decreased 61.9% to $68.5 million.
| | | | | | | | | | Geoengineering techniques like spraying aerosols and sucking carbon out of the air would likely bring down temperatures, but what about their unintended consequences? [Wired]
JPMorgan is laying off and reassigning hundreds of home-lending employees as rapidly rising mortgage rates drive down demand in what had been a red-hot housing market. [Bloomberg]
The battle against the SEC's proposed rules on hedge fund activism. [Institutional Investor] | | | | | |
| |
| |
| | Since yesterday, the PitchBook Platform added: | | 520 Deals | 1911 People | 616 Companies | 11 Funds | | | | | | |
| |
| |
| |
| |
| |
| |
| 2008 Vintage Global Debt Funds | | | | | | |
| |
| |
| |
| FalconX hits $8B valuation | | | FalconX has raised a $150 million Series D co-led by B Capital Group and GIC. The funding values the California-based company at $8 billion. FalconX operates a cryptocurrency trading, credit and clearing platform for institutional clients. | | | | | | | | | Glowforge has raised a $43 million Series E led by DFJ Growth, TechCrunch reported. Based in Seattle, the company is a developer of 3D laser printing technology. Glowforge was valued at $350 million in 2019, according to PitchBook data. | | | | | | | GV leads $35M round for Courier | | | | | | | | Jackpot nabs $35M to offer online lottery tickets | | | Jackpot has raised a $35 million Series A co-led by Accomplice and Courtside Ventures. Based in Malta, the company offers an app for users to purchase official US state lottery tickets online. | | | | | | | Sanas lands $32M for accent translation | | | Sanas has raised a $32 million Series A led by Insight Partners. Based in Palo Alto, the company offers accent translation technology which changes a speaker's accent in real time to reduce language barriers. | | | | | | | Florence Healthcare picks up $27M | | | Florence Healthcare has raised $27 million in Series C1 financing led by Insight Partners. Based in Atlanta, the company is a provider of clinical trial software which helps research organizations across 45 countries manage their documents, data and workflows. | | | | | | | Fertility startup AiVF secures $25M | | | AiVF has raised a $25 million Series A led by Insight Partners. Based in Tel Aviv, the company offers an AI-driven in vitro fertilization platform designed to evaluate embryos and automate operations in fertility clinics. | | | | | | | Blackstone joins Veza Series C | | | Data security platform provider Veza has raised new Series C funds from Blackstone's early-stage investment arm, Blackstone Innovations Investments. The $5 million investment values Veza at $500 million, Axios reported. The company is said to have raised $115 million in total funding. | | | | | |
| |
| |
| Ataccama locks down $150M to democratize data | | | Toronto-based data management company Ataccama has raised $150 million from Bain Capital Tech Opportunities. Ataccama's platform helps enterprises democratize their data while maintaining accuracy, control and governance. | | | | | | | Ara Partners lands Genera Energy | | | Ara Partners has acquired Genera Energy, a manufacturer of nonwood agricultural pulp and molded fiber products. Ara has also committed up to $200 million of additional capital to support the company's expansion. | | | | | | | Angeles Equity Partners, KJM Capital back Freymiller | | | | | | | | Sheridan Capital invests in RS&A | | | Sheridan Capital Partners has invested in RS&A, a North Carolina-based service provider for radiotherapy equipment used in cancer treatment. Founded in 1995, RS&A provides equipment life cycle management, maintenance, parts, removals and installations. | | | | | | | Post Capital backs Ironmark | | | Post Capital Partners has invested in Ironmark, a Maryland-based provider of marketing and communications services including commercial print, digital marketing, web development and logistics services. | | | | | | | PE-backed Marco Rubber & Plastics acquires Ipotec | | | | | | |
| |
| |
| Brookfield closes inaugural global transition fund on $15B | | | Brookfield Asset Management has closed its first global transition fund on $15 billion. The vehicle is said to be the largest private fund devoted to facilitating the global transition to a net-zero carbon economy. | | | | | | | Vine Ventures collects $140M for sophomore fund | | | Vine Ventures has raised $140 million for its second flagship fund. The New York-based early-stage VC firm has backed companies including OpenStore, Habi and Komodor. | | | | | |
| |
| |
"Angel & seed and early-stage valuations in the UK & Ireland are trending above the records set in 2021, while the late-stage valuation is slightly down from 2021's figure. The early-stage median valuation is €7.8 million through Q1 2022, pacing 28.7% higher than 2021."
Source: PitchBook's Q1 2022 European VC Valuations Report | | | | | |
| |
No comments:
Post a Comment