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| How solo VCs are changing the venture investing game | |  | | (studiostockart/Getty Images) | | | Individual investors have always been a part of the venture capital ecosystem, but they generally have written small checks for the earliest-stage companies. In the last several years, however, a new breed of venture capitalist has emerged: solo VCs. - These individuals raise funds in the hundreds of millions of dollars, invest across stages, and even lead deals.
- Solo VCs, including Josh Buckley, Lachy Groom and Elad Gil, are known for their rapid decision-making pace and willingness to pay more than traditional venture capitalists.
- In some ways, solo VCs' investment style resembles that of Tiger Global and other hedge funds, but their motivation for outbidding others may be different.
| | | | | | | | | | Identity and application security drive record results for startups | |  | | (Arkadiusz Warguła/Getty Images) | | | | The information security vertical is experiencing rapid growth and changing priorities amid recent high-profile cyberattacks and the Biden administration's guidance on improving national cybersecurity. Our latest Emerging Tech Research report highlights the latest VC activity, exits and market opportunities in infosec. Key takeaways include: - VC mega-deals across infosec segments helped set a third consecutive quarterly record for deal value in Q2 2021, with $5.7 billion invested across 169 transactions.
- Q2's VC exit activity blew past historical records for IPO and acquisition values, led by a $9 billion public debut of SentinelOne and Okta's $6.5 billion acquisition of Auth0.
- Emerging opportunities in infosec include security for APIs, passwordless authentication technologies and fraud prevention software.
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| A message from Yieldstreet | | |
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| | To attract younger customers, life insurance startups are rebranding the industry with inspiration from ridehailing and game companies. [The Atlantic]
New research examines how relationships with venture capitalists during a first round of funding can fundamentally shape a startup's future. [Forbes]
One writer's take on why female SPAC founders are good for finance in the face of looming upheaval. [Financial Times] | | | | | |
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| | Since yesterday, the PitchBook Platform added: | | 1 Deals | 67 People | 29 Companies | 1 Funds | | | | | | |
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| 2019 Vintage European Real Assets Funds | | | | | | |
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| PitchBook Webinar: US VC in Q2 2021, rebounding in full force | | Due to unprecedented levels of capital being poured into VC-backed companies in Q2, 2021 is already on pace to shatter records that were set just last year. The industry's rebound from the pandemic is in full force, with more than $150 billion in capital being invested in H1.
Join experts from PitchBook, NVCA and Silicon Valley Bank on Aug. 4 as they dive into the most impactful trends highlighted in our Q2 2021 PitchBook-NVCA Venture Monitor and explore their predictions for the rest of the year.
Key takeaways include: - Mega-deals are being closed at an unprecedented clip, surpassing prior records on both a capital investment and deal count basis.
- Exit activity has accelerated in the first six months of 2021, with more than $280 billion becoming liquid—matching the annual exit value seen in 2020.
- Fundraising activity has yet to wane, with over $70 billion in new capital raised by VC firms. This figure is on track to easily shatter 2020's record of $80.5 billion.
Register here to secure your spot. | | | | | | | |
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| Gopuff hits $15B valuation | | | Rapid delivery platform Gopuff has confirmed that it raised $1 billion in new funding at a valuation of $15 billion. New investors in the round include Blackstone's Horizon platform, Guggenheim Investments, Hedosophia, MSD Partners and Adage Capital. Previous backers including Fidelity Management & Research and SoftBank's Vision Fund 1 also participated. The new funds will be used for further geographical expansion in North America, the UK and across Europe. The Philadelphia-based company delivers food and goods for a flat fee of $1.95, 24 hours a day. | | | | | | | | | | | | | | | Catch secures $12M Series A | | | | | | |
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| CVC Capital-backed bookmaker bids for William Hill gambling unit | | | | | | | | | Apollo invests $200M in FirstDigital | | | Apollo Global Management has invested $200 million in FirstDigital Telecom, a fiber-based carrier serving the western US. The Salt Lake City-based company, founded in 2000, builds and runs networks for corporations, the government and other commercial clients. | | | | | | | | Prelude Growth Partners stakes Asian food producer Fly By Jing | | | Prelude Growth Partners has invested in Fly By Jing, a Los Angeles-based Asian food brand focused primarily on the modern Asian condiment space. Fly By Jing's most popular product is the Sichuan Chili Crisp, a top-selling hot sauce on Amazon. | | | | | | | | Serent Capital backs EMS platform | | | Serent Capital has invested in First Due, a provider of cloud-based records and operations management software for fire and emergency medical services. The Garden City, N.Y.-based platform offers services such as pre-incident planning and fire prevention and is used by 300 agencies in 32 states. | | | | | |
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| SEC demands more disclosures on Chinese IPOs | | | US regulators will require stricter disclosures from Chinese companies before they can be listed on US exchanges. The Securities and Exchange Commission called for more clarity around variable interest entities, which employ shell companies to sidestep Chinese prohibitions on foreign ownership. Companies must also disclose risks related to the Chinese government, such as whether the company has received or been denied permission from authorities to list shares on US exchanges. | | | | | |
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| True Beauty Ventures raises debut fund | | | Beauty and wellness investor True Beauty Ventures has raised more than $42 million for its first fund. Based in Miami and New York, the firm is led by co-founders Rich Gersten and Christina Nunez. True Beauty has invested in sexual wellness startup Maude and skincare company Kinship. | | | | | |
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| Raymond James to acquire wealth manager Charles Stanley for $388M | | | US investment bank Raymond James has agreed to buy 229-year-old UK wealth manager Charles Stanley Group for £278.9 million (about $387.8 million). If the deal is approved by shareholders, Raymond James will pay 515 pence per share, a 43.5% premium to Charles Stanley's closing price on Wednesday. Charles Stanley is one of the oldest firms on the London Stock Exchange. | | | | | |
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