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

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii

3

Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii

3

Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
FinanceTerm Sheet

What’s on the Agenda for Brainstorm Tech 2019: Term Sheet

By
Polina Marinova
Polina Marinova
Down Arrow Button Icon
By
Polina Marinova
Polina Marinova
Down Arrow Button Icon
July 15, 2019, 8:51 AM ET
Fortune Brainstorm Tech Logo (blue)
Fortune Brainstorm Tech Logo (blue)
Add Fortune on Google for similar content.

Good morning from Aspen! Fortune’s Brainstorm Tech conference kicks off today. You can watch the mainstage panels here starting at 2 p.m. Mountain Time (4 p.m. EST), and you’ll hear from:

— Doug McMillon, CEO of Walmart: As the world’s largest retailer, what do you do to stay there? Online, digitally enabled brick and mortar stores, organic food, pick-up and delivery, massive advertising—how do you keep up?

— Jamie Siminoff, founder of Ring: Ring went from Shark Tank rejection to Amazon acquisition. The CEO, who, during his “midlife entrepreneurial crisis” created the first Wi-Fi video doorbell in his garage, will share what he’s learned along the way.

— Katrina Lake, founder and CEO of StitchFix: In 2017, Katrina Lake took her company public. But first she spent years building her business, wisely leveraging data in the fickle retail and fashion worlds, and developing a sustainable new model in a highly competitive industry. How does she keep honing it to stay ahead?

… and many more. I’ll provide a synopsis tomorrow for those who are interested in reading further.

LIBRA HEARINGS: Politicians haven’t exactly welcomed Facebook’s Libra project with open arms. Politicians on both sides have expressed skepticism that Facebook can be trusted with a digital currency. Even President Donald Trump tweeted that Libra could threaten the power and dominance of the dollar.

Facebook has said repeatedly that it plans to work with regulators to get Libra off the ground, and David Marcus, the Facebook executive who has spearheaded the Libra effort, will testify before multiple congressional committees this week. Marcus is scheduled to testify before the Senate banking committee on Tuesday and the House financial services committee on Wednesday. He will likely be asked about privacy, money laundering, consumer protection and the stability of the financial system, all issues lawmakers say Libra raises.

Marcus wrote in a blog post last week that he wants to “ensure that Libra helps with the kinds of issues that the existing financial system has been fighting, notably around money laundering, terrorism financing, and more. Stay tuned because this will be one story to watch closely.

VENTURE DEALS

- Amperity, a Seattle-based AI-powered customer data management platform, raised $50 million in Series C funding. Investors include Tiger Global Management, Goldman Sachs, Declaration Partners, Madera Technology Partners, Madrona Venture Group, and investor Lee Fixel.

- NewsCred, a New York-based enterprise content marketing platform, raised $20 million in funding. InterWest Partners led the round.

- nTopology, a New York-based company building engineering software for advanced manufacturing, raised $20 million. Canaan led the round.

- AllBright, a London-based members’ club and digital network, raised £13 million ($16.3 million) in funding at a £100 million ($125 million) valuation. Cain International led the round.

- Exyn Technologies Inc, a Philadelphia-based developer of autonomous robot systems, raised $16 million in Series A funding. Centricus led the round, and was joined by investors including Yamaha Motors Ventures, In-Q-Tel, Corecam Family Office, Red and Blue Ventures and IP Group Inc.

- Paragraf, a U.K.-bases graphene-based electronics technology company, raised £12.8 million ($16  million) in Series A funding. Parkwalk led the round, and was joined by investors including IQ Capital Partners, Amadeus Capital Partners and Cambridge Enterprise, and the commercialisation arm of the University of Cambridge.

- Igloohome, a Singapore-based smart access company, raised $15 million in funding. Insignia Ventures Partners, Wavemaker Partners and SEEDS Capital led the round.

- Hero Labs, a London-based startup developing technology to help prevent water leaks in U.K. properties, raised £2.5 million ($3.1 million) in seed funding. Earthworm Group led the round. 

- Mahmee, a Los Angeles-based provider of personalized, ongoing postpartum support to new moms, raised $3 million in seed funding. Investors include Marc Cuban and Serena Williams.

PRIVATE EQUITY DEALS

- Autokiniton Global Group),  a portfolio company of KPS Capital Partners, agreed to acquire Tower International, Inc. (NYSE: TOWR) for $31 per share in cash. The total value of the transaction is approximately $900 million. 

- Drilling Tools International, Inc, a portfolio company of Hicks Equity Partners, acquired WellFence LLC, a tech-enabled security and credentialing service offering for the oil and gas industry. Financial terms weren't disclosed.

- Carousel Capital recapitalized Armstrong Transport Group LLC, a Charlotte, N.C.-based provider of freight brokerage solutions. Financial terms weren't disclosed. 

- Yak Access LLC, a portfolio company of Platinum Equity, acquired Klein’s Restoration Services, a Canton, Ohio-based provider of services including restoration, matting, site development and construction, and traffic control solutions, primarily to the powerline industry. Financial terms weren't disclosed. 

- Valet Living acquired WasteRetriever, a Greenwood Village, Colo.-based doorstep trash and recycling collection company. Financial terms weren't disclosed. 

- Acorn Growth Companies acquired Black Sage Technologies, a Boise, Idaho-based provider of counter-unmanned aircraft systems solutions. Financial terms weren't disclosed.

OTHER DEALS

- Blackstone Group Inc. and Kirkbi AS are exploring a sale of Armacell International, the maker of specialized insulation products used by the International Space Station, according to Bloomberg. The deal could value the company at about 1.5 billion euros ($1.7 billion).. Read more.

IPOs

- AB InBev, the beer maker, pulled the Hong Kong listing of its Asia unit in what would’ve been the largest listing of the year. Read more.

- CloudMinds, a Beijing-based provider of cloud AI solutions for robots, filed for a $500 million in an initial public offering. The firm posted revenue of $121 million in 2018 and loss of $160.4 million. Softbank backs the firm. The plans to list on the NYSE as “CMDS.” Read more.

- Wanda Sports Group, a Beijing-based sporting and live events firm spinning out of Dalian Wanda Group, plans to raise $450 million in an IPO of 33.3 million shares (40% insider) priced between $12 to $15. It booked $1.3 billion in 2018 and income of $61.9 million. It plans to list on the Nasdaq as “WSG.” Read more.

- OneWater Marine, a Buford, Ga.-based recreational boat retailer, filed for an $100 million. The firm posted revenue of $603 million in the year ending Sept. 2018 and income of $1.1 million. One Water Ventures, LMI Holdings, and Goldman Sachs back the firm. It plans to list on the Nasdaq under an undisclosed symbol. Read more.

EXITS

- WPP Plc agreed to sell 60% of Kantar, WPP’s global data, research, consulting and analytics business, to Bain Capital for $3.1 billion. 

- Equistone agreed to acquire FirstPort, a U.K.-based residential property management company. The sellers are Epiris and Chamonix Private Equity. Financial terms weren't disclosed. 

- Aspen Technology, Inc. (NASDAQ: AZPN) agreed to acquire Mnubo Inc., a Montreal-based provider of purpose-built artificial intelligence and analytics infrastructure for the internet of things. Financial terms weren't disclosed. Mnubo Inc had raised approximately CA $22.5 million ($17.2 million) in funding from investors including White Star Capital, McRock Capital, and Munich Reinsurance.

About the Author
By Polina Marinova
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

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
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
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
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Best private student loans for medical school
Personal Financestudent loans and debt
Best private student loans for medical school
By Joseph HostetlerJuly 2, 2026
9 hours ago
Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter
Investingstock prices
Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter
By Marco Quiroz-GutierrezJuly 2, 2026
11 hours ago
U.S. Treasury Secretary Scott Bessent
EconomyDebt
AI’s $2.2 trillion deficit fix is already half fake, economists say
By Tristan BoveJuly 2, 2026
12 hours ago
s
Personal FinanceSports
The sports economy is unaffordable at the bar, let alone the stadium
By Catherina GioinoJuly 2, 2026
12 hours ago
sb
North AmericaU.S. Department of the Treasury
Scott Bessent goes after the top Mexican cartel’s new billion-dollar business: gas stations
By Fatima Hussein and The Associated PressJuly 2, 2026
12 hours ago
eggs
LawAntitrust
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
12 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
2 days ago
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
Success
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
14 hours ago
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
Success
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
By Orianna Rosa RoyleJuly 2, 2026
24 hours ago
Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest
Success
Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest
By Emma BurleighJuly 2, 2026
15 hours ago
Current price of oil as of July 2, 2026
Personal Finance
Current price of oil as of July 2, 2026
By Joseph HostetlerJuly 2, 2026
17 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
8 days 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.