VENTURE DEALS
- Handshake, a San Francisco-based recruiting platform focused on college students, raised $80 million in funding. GGV Capital led the round and was joined by investors including EQT Ventures, Kleiner Perkins, Lightspeed Venture Partners, Spark Capital and True Ventures, along with Chan Zuckerberg Initiative, Emerson Collective and Imaginable Futures.
- Dren Bio, a San Carlos, Calif.-based company developing technologies against disease-causing cells, raised $60 million in Series A funding. SR One and Taiho Ventures led the round and were joined by investors including 8VC, Mission BioCapital, BVF Partners, HBM Healthcare Investments, and Alexandria Venture Investments.
- LearnUpon, a Dublin-based online learning management platform, raised $56 million in funding from Summit Partners.
- Output, a Los Angeles-based maker of software for musicians, raised $45 million in Series A funding. Summit Partners led the round.
- BrightFarms, an Irvington, N.Y.-based indoor farming company, raised $100 million in debt and equity through Series E funding. Cox Enterprises led the round and is now the majority shareholder. Cox was joined by investors including Catalyst Investors.
- v2food, an Australian plant-based meat startup, raised AUS$77 million (US$55 million) of Series B funding. Investors included ABC World Asia, Altitude Partners, China Renaissance, Esenagro, Horizons Ventures, Main Sequence Ventures, Marinya Capital, Novel Investments, Sequoia Capital China, and Temasek.
- 4iQ, a Los Altos, Calif.-based cyber security company, raised $30 million in Series C funding. ForgePoint Capital and Benhamou Global Ventures led the round and were joined by investors including C5 Capital, Adara Ventures, and TheVentureCity.
- VENN, a Los Angeles-based streaming network for gaming and entertainment, raised $26 million in Series A funding. BITKRAFT and Nexstar Media Group (Nasdaq: NXST) led the round and were joined by investors including Eldridge, WISE Ventures, Alumni Ventures Group, and Josh Kroenke (Vice Chair of Kroenke Sports & Entertainment).
- ShopUp, a Bangladesh-based store digitization company, raised $22.5 million in Series A funding. Sequoia Capital India and Flourish Ventures coled the round. more here.
- Zest AI, a Los Angeles-based maker of software for credit underwriting, raised $15 million in funding from Insight Partners.
- eVisit, a Phoenix, Ariz.-based telehealth company focused on enabling virtual care for hospitals and health systems, raised $14 million in Series A funding. TVC Capital led the round and was joined by investors including Kickstart Seed Fund, University Growth Fund, and Jeremy Andrus.
- Knowledgehook, a London-based mathematics learning platform, raised £13.5 million ($17.5 million) in Series A funding. Investors included Mesoamerica’s Alexandria Corp., Nelson Education, Ideal Ventures, and Nicoya Ventures.
- Unit21, a San Francisco-based maker of API tools for risk and compliance teams, raised $13 million in funding. A.Capital Ventures led the round.
- ThinkIQ, an Aliso, Viejo, Calif.-based maker of supply chain software for manufacturing firms, raised $11.6 million in Series A funding. Ecosystem Integrity Fund led the round and was joined by investors including Hitachi Ventures and ArcTern Ventures.
- Fabric, a Bellevue, Wash.-based e-commerce firm, raised $9.5 million in seed funding, Redpoint Ventures led the round.
- Flick, a New York-based live group chat platform for sports influencers and their fans, raised $5 million in Series A funding. AlleyCorp led the round and was joined by investors including Bullpen Capital, Everblue Management, Amity Ventures, and Courtside VC.
- Jam, a Mountain View, Calif.-based company that turns websites into collaborative docs, raised $3.5 million in Seed funding. Union Square Ventures led the round and was joined by investors including Version One Ventures, BoxGroup and Village Global.
- Oula Health, a New York-based company pregnancy and birth care company, raised $3.2 million in seed funding. Collaborative Fund led the round and was joined by investors including Female Founders Fund, Rock Health, Metrodora Ventures, and Kate Ryder (CEO of Maven). Read more.
- Micronic Technologies, a Richmond, Va.-based maker of clean water technologies, raised $3 million in seed funding. The Center for Innovative Technology led the round and was joined by investors including The Pearl Fund and CAV Angels.
- Insha, a Berlin-based maker of a fintech account, raised €2.5 million in seed funding. Param led the round.
- Ways2H, a Long Beach, Calif.-based developer of solutions that converts waste into hydrogen fuel for mobility, microgrids and power generation, raised $2.5 million. Pacific6 Enterprises led the round.
Future-proofing your firm
Productivity and efficiency gains haven’t come easily to some capital markets firms during the pandemic - yet 80% of dealmakers agree that internal technology is the answer to remaining competitive. Will the new normal force dealmakers to change? Download the guide.
PRIVATE EQUITY
- Mainsail Partners invested $41 million in PlanHub, a West Palm Beach, Fla.-based project bid marketplace for the commercial construction industry.
- Versapay, backed by Great Hill Partners, megred with Solupay, a Twinsburg, Oh.-based payment services provider. Financial terms weren't disclosed.
- Machine Solutions, backed by BW Forsyth Partners, acquired Beahm Designs, a Milpitas, Calif.-based maker of thermal processing machines to perform the principal composition of catheter manufacturing. Financial terms weren't disclosed.
- Pretium and Ares Management agreed to acquire Front Yard Residential (NYSE: RESI), a U.S. Virgin Islands-based provider of rental homes, for $2.4 billion in cash.
- Kainos Capital agreed to acquire Nutrisystem, a Philadelphia-based weight management brand, from Tivity Health (Nasdaq: TVTY) for $575 million.
- Caltius Structured Capital invested in Salas O’Brien, a Santa Ana, Calif.-based engineering, construction management, technology and commissioning firm. Financial terms weren't disclosed.
- Next Glass, backed by Providence Strategic Growth, acquired Oznr, a craft beverage marketplace. Financial terms weren't disclosed.
- Sageview Capital invested in XSELL Technologies, a Chicago-based provider of an augmented intelligence platform. Financial terms weren't disclosed.
- CapVest Partners agreed to acquire Datasite, a Minneapolis-based provider of software to the M&A industry. Financial terms weren't disclosed.
- Corrona, backed by Audax Private Equity, acquired HealthUnlocked, a London-based social patient health network. Financial terms weren't disclosed.
- GI Partners agreed to acquire Vast Broadband, a Sikeston, Mo.-based provider of gigabit-speed broadband, video and phone in South Dakota and Minnesota.
Future-proofing your firm
Productivity and efficiency gains haven’t come easily to some capital markets firms during the pandemic - yet 80% of dealmakers agree that internal technology is the answer to remaining competitive. Will the new normal force dealmakers to change? Download the guide.
EXITS
- FactSet (NYSE:FDS) agreed to acquire Truvalue Labs, a San Francisco-based provider of environmental, social, and governance data. Truvalue was backed by Katalyst Ventures and The Entrepreneurs Fund. Financial terms weren't disclosed.
OTHER
- SK Hynix (KS: 000660) plans to acquire Intel's (Nasdaq: INTC) solid state drive business, NAND memory chip product and wafer business, and a production facility in Dalian, China for about $9 billion in cash.
- Danone is considering the sale of its Vega protein powder brand as well as a unit in Argentina. Read more.
- Sanofi is weighing the sale of some of its anti-inflammatory products, per Bloomberg citing sources. A deal could fetch around €200 million euros ($234 million). Read more.
IPO
- Southeastern Grocers, a Jacksonville, Fla.-based chain of supermarket chains including Winn-Dixie, filed for an $100 million IPO. It posted sales of $8.3 billion in the year ending Dec. 25, 2019 and a loss of $116.2 million. Read more.
- Foghorn Therapeutics, a Cambridge, Mass.-based company creating gene therapies for cancers and solid tumors, plans to raise $120 million in an offering of 7.5 million shares priced between $15 to $17. Flagship Pioneering and the Klarman Family Foundation back the company. Read more.
- Abcam, a U.K.-based maker of biological reagents, plans to raise $148 million in an offering of 8.9 million ADSs priced at about $16.52. T. Rowe Price Associates, Durable Capital Partners, and Aberdeen Asset Management back the firm. Read more.
- Compass Therapeutics, a Cambridge, Mass.-based biotech developing antibody therapies, filed to raise $50 million. OrbiMed Private Investments and F-Prime back the firm. Read more.
IPO
- Nextdoor, a San Francisco-based social network for sharing information and trading goods among neighbors, is weighing an IPO that would value it between $4 billion to $5 billion, per Bloomberg citing sources. Investors include Benchmark, Greylock Partners, Kleiner Perkins, Riverwood Capital, Axel Springer and Tiger Global Management. Read more.
- IN8bio, a New York-based maker of therapies for cancer and solid tumors, filed for an $86 million IPO. Bios Partners backs the firm. Read more.
- Opthea, an Australia-based maker of therapies for retinal diseases, raised $128.2 million in an offering of 9.5 million ADS (10% sold as warrants to acquire ADSs at the offering price) priced at about $13.50 apiece. Read more.
- Playtika Holding Corp, an Israel-based mobile gaming company backed by Chinese investors, filed confidentially for an IPO in the U.S. Read more.
SPAC
- Decarbonization Plus Acquisition, a blank check company formed by Riverstone Investment Group, raised $200 million. Read more.
- Helix Acquisition, a blank check company formed by Cormorant Asset Management seeking a healthcare target, raised $100 million. Read more.
- Horizon Acquisition II, a blank check company targeting the media and entertainment industry, raised $500 Million. Read more.
PEOPLE
- Good Growth Capital named Holly Krisztina as a venture partner on the West Coast.
