| |
| In today's Daily Pitch, you'll find: | | | | | |
| |
| |
| Foodtech funding falls as VC appetite for dealmaking diminishes | | VC funding for the foodtech industry continued to experience a pullback amid macroeconomic headwinds in Q2. Startups around the world raised $5.6 billion across 275 deals—representing quarter-over-quarter drops of 21.5% and 32.8%, respectively.
Our latest Emerging Tech Research update provides a detailed look at the foodtech landscape, exploring industry opportunities like ghost kitchens and molecular ingredients. Takeaways include: - The foodtech sector recorded a rise in exits, particularly acquisitions—as market volatility impacted fundraising for many startups, in turn boosting opportunities for strategic acquirers.
- Despite the funding dip, valuations and deal sizes continued to surge to new highs, with pre-money valuations up at every VC stage.
- Inflation and shifting consumer spending habits may create a tailwind for ecommerce-focused food suppliers that can minimize delivery and service fees.
| | | | | | | | | When Bay Area VCs leave the valley, where do they go? | |  | | (Jenna O'Malley/PitchBook News) | | | The alleged demise of Silicon Valley may be overblown, but it's clear that venture capital is an increasingly global phenomenon.
When Bay Area VCs are looking to set up second offices, most of the top destinations are outside of the US—London, Beijing and Singapore are among the favorites.
These are the most popular secondary cities for Bay Area VCs. | | | | | | | | | US PE firms focus on fundraising, deployment efforts in Q2 earnings | | Publicly traded PE firms remained optimistic in their Q2 earnings calls, with a majority emphasizing fundraising and capital deployment efforts. As inflation rises and firms grapple with economic headwinds, demand has increased considerably for inflation-protecting strategies including floating-rate corporate credit, real estate and infrastructure. Our latest analyst note breaks down key data behind US PE firms' earnings in Q2 2022. Takeaways include: - The firms are likely to see more chances to make domestic and international platform acquisitions, given the strong US dollar and slowing economy. They're expected to favor targets with significant origination franchises in large markets, such as North America, Europe and Asia.
- Q2 reinforced that deal activity and portfolio realizations are likely to be modestly lower, fundraising from LPs may be somewhat slower, and buyout-fund competition should remain elevated.
- Public PE firms continue to add asset product lines—PE, real estate, credit, infrastructure, insurance and retail—to diversify and grow revenue.
| | | | | | | | | Middle-market PE firms prepare for a shift | |  | | (PM Images/Getty Images) | | | As the private equity world begins winding down from a torrid year of dealmaking, some sponsors in the middle market have switched into "risk-off" mode.
The public markets' downturn and subsequent volatility, along with rising interest rates and the possibility of a recession, are leading middle-market sponsors to begin changing their approach to dealmaking after 2021's good times. Those factors are creating opportunities to scale platform companies through add-on acquisitions, and buy high-growth businesses held in VC portfolios at lower prices. | | | | | | | | | | Market declines during the first five years of retirement can have a significant effect on a financial portfolio, but remaining flexible can mitigate the damage. [The New York Times]
Tech companies that once battled to hire employees close to home are now turning to Latin America and other markets for developers. [Wired]
Shorting bonds hasn't been a popular trading strategy for 40 years, but an environment of rising interest rates may benefit short sellers as bond prices drop. [Institutional Investor] | | | | | |
| |
| |
| |
| |
| |
| |
| 2013 Vintage Global Funds-of-Funds | | | | | | |
| |
| |
| HIG Capital hires Carlos Soto | | | | | | |
| |
| |
| GreenLight raises $109M in PIPE deal | | | | | | | | Wire secures $24M+ in Series C | | | Wire has raised €24 million (about $24.6 million) in a Series C led by Cipio Partners and Skype co-founder Janus Friis' firm Iconical, TechCrunch reported. Wire provides an end-to-end encrypted messaging app. | | | | | | | Brazil's Klavi picks up $15M | | | | | | | | | | | | | | | Logistics startup Hoopo grabs $10M Series A | | | Israel-based Hoopo has raised $10 million in a round led by ZIM and theDOCK, CTech reported. The startup's technology allows companies to track and monitor their operations, inventory and equipment. | | | | | | | | | HashKey Capital has led a Series A round for SignalPlus. The company, which is developing a suite of options trading tools for digital and crypto assets, has now raised a total of $12 million. | | | | | |
| |
| |
| EarlySalary in talks for $110M round | | | | | | | | Vigil picks up $75M PIPE investment | | | | | | | | Stonepeak to acquire Globe Telecom towers | | | Stonepeak has agreed to acquire a portfolio of 2,180 telecom towers in the Philippines and their related infrastructure from Globe Telecom. The deal has a total value of about $472.2 million. | | | | | |
| |
| |
| Motive Partners exits Global Shares | | | Motive Partners has completed the sale of Global Shares, a provider of employee stock plan management software, to JP Morgan. Motive first invested in the Irish company in 2018, acquiring about 40% of the business. | | | | | | | VC-backed Outdoor Voices weighs sale | | | Outdoor Voices is considering options including a potential sale or raising new financing, according to a report from Bloomberg. The activewear brand is backed by investors including GV, General Catalyst and NaHCO3. | | | | | |
| |
| |
| Activist investor ValueAct acquires New York Times stake | | | ValueAct Capital Partners has bought a 6.7% stake in The New York Times, according to a report from The Wall Street Journal. The activist firm is said to be planning to push the company to focus more aggressively on subscriber-only content. | | | | | |
| |
| |
| |
| |
No comments:
Post a Comment