• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceTerm Sheet

Term Sheet — Monday, July 16

By
Polina Marinova
Polina Marinova
Down Arrow Button Icon
By
Polina Marinova
Polina Marinova
Down Arrow Button Icon
July 16, 2018, 9:22 AM ET

BRAINSTORM TECH DAY 1

Good morning from Aspen!

Fortune’s annual Brainstorm Tech conference begins today, and I look forward to meeting many of you in person.

We’ll kick it off with a conversation between Fortune executive editor Adam Lashinsky and Uber CEO Dara Khosrowshahi. It’s hard to believe that Khosrowshahi has only been at the helm of the tech giant for less than a year — yet there’s a lot to talk about. We should get an update on Uber’s strategy, business, culture, and of course, its much-anticipated IPO.

Khosrowshahi recently commented on his plan to take Uber public in 2019, saying that the company is in a “good position” in terms of its profitability and margins. (It still needs to hire a chief financial officer, though.)

The conversation will take place today at 2:05 p.m. MT // 4:05 p.m. EST, and it will be livestreamed here. If you miss it, I’ll have a full breakdown of the topics discussed shortly following the session as well as in tomorrow’s Term Sheet.

Other highlights from today’s agenda include:

— Shiva Rajaraman, chief product officer at WeWork
— Richard Liu, CEO of JD.com
— Bradley Tusk, CEO of Tusk Ventures
— Penny Pritzker, chairman of PSP Partners
— Hooi Ling Tan, co-founder of Grab
— Pat Gelsinger, CEO of VMWare
— Dennis Woodside, COO of Dropbox
— Marc Lore, CEO of Walmart eCommerce U.S & CEO of Jet.com
— Toni Reid, Vice President of Alexa Experience and Echo Devices at Amazon
— Jerry Yang, founding partner of AME Cloud Ventures & co-founder of Yahoo

See the full agenda here.

THE LATEST FROM FORTUNE...

• Elon Musk Spins Out of Control (by David Meyer)

• Brainstorm Tech Conference Will Probe the 'Techlash' (by Adam Lashinsky)

• Oracle Blockchain Opens for Business (by Robert Hackett)

• China's Economy Is Slowing as the Trade War Takes Off, and Investors Are Worried

VENTURE DEALS

• GoGoVan, a Hong Kong-based platform providing delivery services, raised $250 million in funding. InnoVision Capital led the round, and was joined by investors including the Russia-China Investment Fund, Hongrun Capital, Qianhai Fund of Funds, Alibaba’s Cainiao logistics subsidiary, and 58 Daojia Group.

• Paidy Inc, a Japan-based instant post-pay credit service for ecommerce consumers, raised $55 million in Series C funding. ITOCHU Corporation led the round, and was joined by investors including Goldman Sachs.

• PPRO, a London-based company focused on cross-border payments for merchants, raised $50 million in funding. PayPal led the round, and was joined by investors including Citi Ventures and HPE Growth Capital.

• Eventbase Technology Inc, a Canada-based event technology platform, raised $6.5 million in funding. Investors include Madrona Venture Group and BC Tech Fund, managed by Kensington Capital Partners.

• Productboard, a San Francisco and Prague-based provider of a software-as-a-service platform for strategic product design and management, raised $8 million in Series A funding. Kleiner Perkins Caufield and Byers led the round, and was joined by investors including Index Ventures, Credo Ventures, Reflex Capital and Rockaway Capital.

• Wicket Labs, a Seattle-based provider of audience insights for subscription video services, raised $2.8 million in funding. WestRiver Group led the round, and was joined by investors including Madrona Venture Group and Divergent Ventures.

HEALTH AND LIFE SCIENCES DEALS

• Verge Genomics, a Mountain View, Calif.-based drug discovery company, raised $32 million in Series A funding. DFJ led the round, and was joined by investors including WuXi AppTec’s Corporate Venture Fund, ALS Investment Fund, Agent Capital, and OS Fund.

• Modus Therapeutics, a Sweden-based clinical stage drug development company focused on treating patients with sickle cell disease, raised SEK 140 million ($15.6 million) in funding. The investor was HealthCap.

PRIVATE EQUITY DEALS

• General Atlantic invested $250 million in Greensill, a London-based provider of working capital finance to businesses. The deal values the company at $1.64 billion.

• TA Associates made an investment in Prudent Corporate Advisory Services, an India-based distributor of mutual fund and other wealth products. Financial terms weren't disclosed.

• SSP Innovations, which is backed by Warren Equity Partners, acquired TC Technology, a Carlsbad, Calif.-based IT services and software company. Financial terms weren't disclosed.

• RSE Ventures made an investment in Bluestone Lane, an Australia-based lifestyle and hospitality brand. Financial terms weren't disclosed.

• Arconic (NYSE:ARNC) is receiving takeover interest from private equity firms including Apollo Global Management, according to the Wall Street Journal. Read more.

• FTV Capital invested $54.5 million in A-LIGN, a Tampa, Fla.-based provider of security and compliance solutions.

• Arrowhead Engineered Products, which is backed by Riverside Co and Investcorp, acquired Ratioparts, a Germany-based distributor of aftermarket replacement parts for outdoor power equipment and forestry applications.

OTHER DEALS

• Allied Universal agreed to acquire U.S. Security Associates, a Roswell, Ga.-based provider of security and related services, for approximately $1 billion.

EXITS

• KKR agreed to buy RBmedia, a Landover, Md.-based publisher of audiobooks. Financial terms weren’t disclosed. Shamrock Capital was the seller.

FIRMS + FUNDS

• Thompson Street Capital Partners, a St. Louis, Mo.-based private equity firm, raised $1.15 billion for its fifth fund, Thompson Fund V.

• Apple Inc (Nasdaq: AAPL) will launch a $300 million clean energy fund in China, according to Reuters. Read more.

SHARE TODAY'S TERM SHEET

View this email in your browser.

Polina Marinova produces Term Sheet, and Lucinda Shen compiles the IPO news. Send deal announcements to Polina here and IPO news to Lucinda here.

About the Author
By Polina Marinova
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Current refi mortgage rates report for April 15, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for April 15, 2026
By Glen Luke FlanaganApril 15, 2026
48 minutes ago
Current ARM mortgage rates report for April 15, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for April 15, 2026
By Glen Luke FlanaganApril 15, 2026
48 minutes ago
Mortgage rates today, April 15, 2026
Personal Financemortgages
Mortgage rates today, April 15, 2026
By Glen Luke FlanaganApril 15, 2026
48 minutes ago
The hidden menace behind Big Tech’s AI arms race: Meta, Amazon and others are spending billions on hardware that’s worthless in 3 years
AIFinance
The hidden menace behind Big Tech’s AI arms race: Meta, Amazon and others are spending billions on hardware that’s worthless in 3 years
By Shawn TullyApril 15, 2026
49 minutes ago
trump
Real EstateWhite House
Trump’s White House: America is short 10 million houses
By Josh Boak and The Associated PressApril 14, 2026
10 hours ago
Augusta Precious Metals review: What to know in 2026 
Personal FinanceGold
Augusta Precious Metals review: What to know in 2026 
By Joseph HostetlerApril 14, 2026
11 hours ago

Most Popular

Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
Success
Billionaire philanthropist MacKenzie Scott has donated again—a week after gifting millions to a college, she's just given $70 million to Meals on Wheels America
By Fortune EditorsApril 13, 2026
2 days ago
Retirees are facing a $345,000 bill they never saw coming — and most aren't prepared
Commentary
Retirees are facing a $345,000 bill they never saw coming — and most aren't prepared
By Fortune EditorsApril 14, 2026
22 hours ago
He was coding at 12 like Elon Musk and became one of Google’s youngest-ever CMOs—but now says Gen Z is better off ice skating than learning to code
Success
He was coding at 12 like Elon Musk and became one of Google’s youngest-ever CMOs—but now says Gen Z is better off ice skating than learning to code
By Fortune EditorsApril 14, 2026
1 day ago
Anthropic is facing a wave of user backlash over reports of performance issues with its Claude AI chatbot
AI
Anthropic is facing a wave of user backlash over reports of performance issues with its Claude AI chatbot
By Fortune EditorsApril 14, 2026
23 hours ago
Current price of gold as of April 13, 2026
Personal Finance
Current price of gold as of April 13, 2026
By Fortune EditorsApril 13, 2026
2 days ago
Current price of oil as of April 14, 2026
Personal Finance
Current price of oil as of April 14, 2026
By Fortune EditorsApril 14, 2026
20 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.