| |
In today's Daily Pitch, you'll find: - Our 2021 Annual European VC Valuations Report examines the key trends across stages, industries and regions that shaped valuations last year.
- We take a look at US VC firms with an uncanny ability to make home runs out of early-stage investments by backing unicorns-to-be.
- Riverstone has taken a stake in Blackhorn Ventures as it seeks to support its decarbonization strategy and access early-stage investments.
| | | | | |
|
| |
| Frenzied European dealmaking drives valuations through the roof | | European VC valuations continued to break records in 2021 across all stages as investors competed fiercely to participate in outsized rounds.
Pandemic-induced growth for tech startups and an increase in nontraditional investors helped drive the astonishing climb in companies' price tags. Our 2021 Annual European VC Valuations Report takes an in-depth look at the key trends across stages, industries and regions that shaped valuations last year. Highlights include: - Median late-stage valuations rose more than 61% year-over-year, contributing to the creation of dozens of new unicorns.
- Software startups benefited the most from the boost, with pre-money valuations for late-stage companies roughly doubling from their previous record in 2020.
- The aggregate post-money valuation of European unicorns grew to €329.7 billion in 2021, nearly tripling from 2020's total.
- Strong exit activity produced a bumper year for 2021 post-money valuations, with the upper quartile seeing a 143.3% increase year-over-year.
| | | | | | | | | | Thrive, Ribbit lead VCs with the highest unicorn batting average | |  | | (Vershinin/Getty Images) | | | There's nothing wrong with backing a company after it has emerged as a market leader, but the skill of VC investing lies in spotting those startups early on.
So which firms are most adept at making home runs out of early-stage investments? In this analysis, we take a look at US VC firms with an uncanny ability to back unicorns-to-be. | | | | | | | |
|
| A message from PitchBook media | | |
| Share your firm's expertise | | By partnering with PitchBook Media, you can reach thousands of C-suite executives, managing directors and other business leaders. Share your firm's expertise or spotlight key insights with an actively growing audience across multiple channels, including: - Placement of your message within The Daily Pitch newsletter.
- Sponsorship of market-leading industry reports like the PitchBook-NVCA Venture Monitor, which accumulate thousands of downloads.
- Audience-specific advertisements within the most relevant PitchBook newsletter, reaching directly to professionals in VC, PE, M&A or broader ecosystems.
Connect with us to learn more | | | | | | | |
|
| Riverstone eyes early-stage investments with stake in Blackhorn | |  | | (Karl Hendon/Getty Images) | | | Energy-focused buyout specialist Riverstone is staking early-stage investor Blackhorn Ventures as it seeks to diversify its portfolio and gain access to early-stage investment opportunities.
The deal is one of only three reported instances in the last two years in which a PE firm has taken a minority stake in a VC firm, according to PitchBook data. | | | | | | | | | | HV Capital launches VC continuation fund amid secondaries growth | |  | | Munich-based HV Capital said the new vehicle is the first of its kind in Germany's tech sector. (Harald Nachtmann/Getty Images) | | | HV Capital has launched a €430 million (about $489 million) venture capital continuation fund to acquire existing portfolio investments from a handful of legacy vehicles.
The HV COCO Growth fund comes at a time when VCs consider ways to hold investments for longer and secondary deal activity ramps up in the venture space—while IPOs and SPAC listings slow down. | | | | | | | | | | A look at the unlikely supply chain woes holding up home building. [The New York Times]
A move to a cheaper city comes with a pay cut at many tech companies. But amid a hot talent market, some businesses are finding a different way to handle such relocations. [Protocol]
At the end of 2008, Firefox was flying high. Nearly 15 years later, it's a different story. How will the browser's fate create larger implications for the web as a whole? [Wired] | | | | | |
|
| |
| | Since yesterday, the PitchBook Platform added: | | 422 Deals | 1597 People | 450 Companies | 33 Funds | | | | | | |
| |
| |
| |
| |
| |
| |
| 2014 Vintage Global PE Funds | | | | | | |
|
| |
| A message from Moss Adams | | |
| Fintech continues to evolve | | Private investment in fintech accumulated gradually throughout the 2010s, culminating in record-breaking tallies in 2021 and easily exceeding $100 billion in aggregate deal value to date.
Learn how as investment has grown, mature fintechs have commanded larger financings, fueling rapid expansion as well as preparations for liquidity events. | | | | | | | |
|
| |
| Uniphore books $400M Series E | | | Uniphore has raised $400 million at a $2.5 billion valuation in a round led by NEA. Based in Palo Alto, the company is the developer of a conversational automation platform designed to help enterprise businesses manage interactions with their customers. | | | | | | | | Flutterwave picks up $250M Series D | | | Flutterwave has raised $250 million at a valuation of more than $3 billion in a round led by B Capital Group. The company, which offers a cloud-based payments platform, has offices in Lagos, Nigeria, and San Francisco. | | | | | | | | Tiger Global leads $200M round for Genesis | | | Genesis has raised a $200 million Series C led by Tiger Global. The company offers an application development platform for financial institutions. | | | | | | | | Spotter raises $200M to support creator platform | | | Spotter has raised a $200 million Series D led by SoftBank's Vision Fund 2. Founded in 2019, the funding values the Los Angeles-based company at $1.7 billion. Spotter helps YouTube creators scale operations and license existing content by providing upfront cash. | | | | | | | | Walking Fish Therapeutics lands $73M | | | | | | | | | | Equip has raised a $58 million Series B led by The Chernin Group. Based in San Diego, the company is a provider of virtual eating disorder treatment programs. | | | | | |
|
| |
| |
| Blackstone to buy apartment operator for $5.8B | | | Blackstone has agreed to acquire Preferred Apartment Communities for $5.8 billion. The firm will pay $25 a share for the company, which owns and operates multifamily properties and more. That represents a 40% premium to PAC's closing stock price Feb. 9, the day before reports of a potential deal began circulating. | | | | | | | | CVC Capital, Brookfield among bidders for Starbucks franchise stake | | | | | | | | | Blue Owl lands Wellfleet Credit Partners | | | | | | |
|
| |
| Charlesbank to sell Sound United | | | | | | | | | LLCP offloads pizza franchisor | | | | | | |
|
| |
| |
|
No comments:
Post a Comment