Corporates Recruit and Alphabet have backed the series C round of Podium, which reportedly valued the customer engagement platform at about $1.5bn. This is one of the most notable deals in the digital marketing and adtech space, which has seen consistent corporate-backed deal flow in the past decade.
Author: Kaloyan Andonov, Rob Lavine
Analysis: Ride-hailing apps in demand
Amid a nearly global lockdown and much apprehension around the Covid-19 pandemic, we reported two interesting deals in the mobility space last month.
Analysis: Wipro Ventures exits Emailage to LexisNexis
Wipro Ventures exited email security software developer Emailage, when it was acquired by LexisNexis Risk Solutions. The sizeable deal is part of the wider cybersecurity space which has been popular over recent years.
Analysis: Beike Zhaofang moves to $2.4bn round
Corporates Tencent and SoftBank invested in a $2.41bn round raised by real estate platform Beike Zhaofang at a reported $14bn valuation. The transaction is part of the broader real estate tech space which has seen a surge in valuations in recent years.
Analysis: Waymo drives $2.25bn home
Alphabet’s self-driving car developer Waymo raised its first external funding in a round backed by its parent company and two other corporates.
Analysis: Intuit accepts $7.1bn Credit Karma
Alphabet will exit credit management company Credit Karma in a $7.1bn acquisition by Intuit.
Analysis: Revolution breaks out in $238m IPO
Oncology therapy developer Revolution Medicines went public giving an exit to pharmaceutical company Sanofi.
Analysis: Qorvo on the crest of Decawave
Indoor positioning technology producer Devawave was acquired by Qorvo reportedly for $400m, giving an exit to LG and ST Electronics
Analysis: LexisNexis buys Emailage
Wipro Ventures was given an exit from email security software developer Emailage, which was acquired by LexisNexis Risk Solutions. The sizeable exit is part of the wider cybersecurity space, which has received much attention by corporates over the past decade.