Wildtype’s series B round is the largest to date for a cultivated seafood developer, helping to open up a new front in the alternative food startup space.
Author: Kaloyan Andonov, Rob Lavine
Analysis: Freenome cracks $290m
Cancer diagnostics tech developer Freenome cashed in an additional $290m from returning investor Roche, which will support it as it looks to expand its products to additional cancers.
Analysis: Redwood to grow with $700m
Amazon Climate Pledge Fund committed capital to battery recycling services provider at a reported $3.7bn post-money valuation. GCV Analytics data suggest there is a heightened interest in deals from this space and an upward pressure on valuations.
Analysis: Didi hails $4.4bn in US IPO
The China-based ride hailing service company debuted in an upsized $4.44bn IPO, giving potential exits to several corporate backers that are among some of its largest external shareholders.
Analysis: Manbang Group goes public
A number of corporate backers scored an exit from trucking services marketplace Full Truck Alliance (Manbang Group), as the latter went public in the US. This transaction exemplifies an upward trend in exits for corporate-backed businesses from the transport and mobility space.
Analysis: Northvolt gets $2.75bn recharge
Lithium-ion battery provider Northvold has obtained its latest financing via a private placement co-led by Volkswagen and also backed by Scania.
Analysis: Etsy acquires Depop
Etsy is acquiring the Gen Z-focused social commerce platform Depop, giving an exit to Lumar. The transaction and its large size may be indicative of a potential momentum for exits from emerging enterprises in this space.
Analysis: Riiid raises $175m from SoftBank
AI-based online tutor developer Riiid raised a sizeable $175m round from SoftBank. Riiid is part of the broader edtech space, which has been given much attention by corporate investors in recent years.
Analysis: Solid Power with a $130m recharge
Solid-state battery developer Solid Power secured a $130 series B round co-led by its potential customers from the automotive sector BMW and Ford Motor Company.
Analysis: ActiveCampaign takes $240m
The marketing automation technology provider’s previous backer Susquehanna International Group returned for its series C round that has pushed to new highs.
Analysis: Groq computes a $300m series C
TDK Ventures and XTX Ventures participated in a sizeable round raised by the advanced computing technology provider Groq at a unicorn valuation. The company is part of the larger artificial intelligence (AI) space, which has seen much and sustained interest by corporates in recent years.
Analysis: Ikena goes public
The oncology drug developer, backed by Bristol Myers Squibb, secured close to $144m in its IPO. This is an exit from a space that has seen much corporate support over the past decade.
Analysis: Lilium to lifts up on $3.3bn reverse merger
Vertical take-off and landing jet developer Lilium went public by joining forces with Nasdaq-listed SPAC.
Analysis: ACV Auctions floats in $416m IPO
The SoftBank-backed automotive e-commerce platform developer ACV Auctions has gone public in an IPO. The company is part of the vehicle marketplace space which has seen much attention from corporate venture investors.