| |
We're updating how we send email. Look for our new news-noreply@news.pitchbook.com address, and add us to your safe senders list.
Check out our FAQ for details. | | | | | |
| |
| In today's Daily Pitch, you'll find: | | | | | |
| |
| |
| SoftBank Vision Fund staffing cuts add to ongoing exodus | |  | | (Chloe Ladwig/PitchBook News) | | | SoftBank's Vision Fund unit is set to cut around 150 people, or 30% of its staff, according to a source familiar with the decision. CEO Masayoshi Son made it clear in August that layoffs were coming, following two quarters of steep losses at the firm.
Prior to the cuts, the Vision Fund experienced a string of executive departures that eroded much of the leadership surrounding Son.
A PitchBook analysis found that the Vision Fund has lost around half its leaders in the years following WeWork's failed IPO in 2019. Most of the board have also turned over, including several members who had advised the firm for more than a decade. | | | | | | | | | VC funding for IoT fades in H1 | | VC funding for the internet-of-things market cooled in the first half of 2022 amid challenging economic conditions. The IoT sector's reliance on global supply chains and cyclical industries such as manufacturing may leave it relatively more vulnerable to economic uncertainty, but the shift to connected cars continues to drive investment in the space.
Our latest Emerging Tech Research update explores VC trends in the IoT vertical and highlights emerging opportunities in connectivity management, software-defined vehicles and wireless power. The report also includes a market map of the industry's subsegments, from smart homes to healthcare and IoT security, and takes a closer look at companies such as Ambiq and Uptake. Other takeaways include: - Global IoT startups brought in $2.8 billion in venture funding in Q2—a 57% decline from the record first quarter and the lowest deal value since Q4 2019.
- Disclosed VC exit values have all but evaporated, with only $119 million recorded in Q2.
- The IPO pipeline for IoT security specialists may not open until 2023, and the category continues to face consolidation via M&A.
| | | | | | | |
| |
| |
| 5 reasons to go private: could your company benefit? | | Against a backdrop of headwinds in the equity markets and plentiful capital, private equity funds and other investors may see attractive valuations as an opportunity to acquire select public companies and take them private. Middle-market companies could see a wave of go-privates among peers and competitors.
To help understand these dynamics and decide what's best for your company, our new article discusses: - 5 reasons why public companies go private
- The 4% bonus for privatization
- 3 actions for stakeholders at publicly traded middle-market companies to consider
Why companies go private | | | | | | | |
| |
| Porsche goes public in landmark IPO | |  | Porsche CEO Oliver Blume, right, and board member Lutz Meschke at the Frankfurt Stock Exchange.
(Daniel Roland/Getty Images) | | | Porsche has debuted on the Frankfurt Stock Exchange in one of Europe's largest IPOs to date, pricing its shares at the top of its expected range and reaching a market cap of more than $75 billion.
The listing is a bright spot in an otherwise grim landscape, as IPOs have plummeted in Europe to the lowest levels in a decade. | | | | | | | | | | How angel investing has become a casual pastime for Silicon Valley's ultrarich. [Bloomberg]
Why companies are paying huge sums of money to show their ads to bots. [Wired]
Past performance metrics have a greater impact on Black- and Latino-owned private capital funds than on their white-owned peers. [Institutional Investor] | | | | | |
| |
| | Since yesterday, the PitchBook Platform added: | | 466 Deals | 1782 People | 497 Companies | 33 Funds | | | | | | |
| |
| |
| |
| |
| |
| |
| 2012 Vintage Global Debt Funds | | | | | | |
| |
| |
| Business planning platform Pigment lands $65M | | | Paris-based Pigment has raised $65 million in a round led by Meritech and IVP. The startup offers a business planning and forecasting platform. | | | | | | | Workstream adds $60M to Series B | | | Workstream has raised $60 million in a round led by GGV Capital, bringing the total Series B financing to $108 million. The company is the developer of a hiring and onboarding platform. | | | | | | | Ox exits stealth with $34M | | | | | | | | Airplane brings home $32M | | | | | | | | Femtech startup Delphinus raises $30M | | | | | | | | Path bottles up $30M Series A | | | | | | | | | | Noodle.ai, which offers a supply chain intelligence platform, has raised a $25 million Series C from investors including ServiceNow Ventures and Honeywell Ventures. The new capital brings the company's total funding to more than $100 million. | | | | | |
| |
| |
| Brookfield lands renewable energy specialists for $1.5B+ | | | | | | | | BlackRock, Allianz join $300M round for Traveloka | | | | | | | | Thoma Bravo backs SMA Technologies | | | | | | | | Brand Velocity Group nets Score Sports | | | | | | |
| |
| |
| Fort Point raises $340M for third fund | | | Fort Point Capital has closed its third private equity fund on $340 million. The firm invests primarily in lower-middle-market companies with an enterprise value of less than $100 million. | | | | | |
| |
| |
"Looking at the historic long-term middle-market exit trend, the slowed exit activity seen in H1 2022 is still on pace to come close to the average exit counts and values, although it is a sharp drop compared with the record-breaking exit activity seen in 2021."
Source: PitchBook's Q2 2022 US PE Middle Market Report | | | | | |
| |
.jpg)
No comments:
Post a Comment