PitchBook News - Playground Global bets on future tech

VCs rush to nab NFT startups; Adona Medical brings in $37.5M; Vanilla raises $30M; Ictero Medical picks up $6M
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: VC
May 2, 2022
Like our newsletter? The data comes from the PitchBook Platform — our data software for VC, PE and M&A
Ads
In today's Daily Pitch, you'll find:
  • A consortium including Clearlake Capital is nearing the goal line to buy Chelsea FC after emerging as the preferred bidder for what may be the most expensive acquisition of a sports franchise on record.

  • Peter Barrett of Playground Global discusses future technology, why a vast amount of late-stage capital will continue to exist for deep tech and which technologies he thinks are a waste for investors.

  • Our blockchain market map lays out the NFT landscape, its primary segments and most-well-funded companies.
Today's Top Stories
Playground Global bets on risky tech so late-stage investors can back the future
(Coneyl Jay/Getty Images)
Peter Barrett, a general partner with Playground Global, is one of few investors betting on startups focused on the transformative technologies that usually take years and a lot of capital to develop.

We discuss with Barrett what revolutionary technologies we will have a decade from now, why a vast amount of late-stage capital will continue to exist for deep tech and which cutting-edge technologies he thinks investors are wasting money on now.
read more
 
Share:   Email    LinkedIn    Twitter    Facebook
Market Map: VCs rush to collect NFT startups
(hapabapa/Getty Images)
First it was crypto trading, then decentralized finance, and now NFTs—venture capitalists can't seem to get enough of the next hot thing on the blockchain.

This market map lays out the NFT landscape, its primary segments and most-well-funded companies.
read more
 
Share:   Email    LinkedIn    Twitter    Facebook
A message from RBC Capital Markets
How is the balance of power evolving between corporates and PE in M&A dealmaking?
As the US regulatory landscape evolves, it has become clear that the current administration will challenge many corporate transactions. "One of the consequences is that private equity sponsors, who generally have lower market share than corporate competitors when trying to affect a given acquisition, will gain a competitive advantage over corporates in some deals. This new-found edge is enhanced by sponsors' added capacity to consider deals of significant scale," according to RBC Capital Markets' Deputy Chairman, Larry Grafstein.

What's next for PE mega funds? Where will they deploy capital to unlock value?

See what's ahead for PE in the M&A market with insights from RBC Capital Markets' experts.
Share:   Email    LinkedIn    Twitter    Facebook
Boehly, Clearlake consortium enters exclusive talks for Chelsea FC
(Shannon Fagan/Getty Images)
A consortium led by Todd Boehly and Clearlake Capital has emerged as the preferred bidder for the Premier League's Chelsea Football Club. However, UK billionaire Jim Ratcliffe has made a last-ditch effort to land the team, potentially complicating the sale process.

Clearlake and Boehly have beat out rival bids from Bain Capital's Stephen Pagliuca and a consortium including Apollo Global Management co-founder Josh Harris and Blackstone's David Blitzer, according to reports.
read more
 
Share:   Email    LinkedIn    Twitter    Facebook
Recommended Reads
Even businesses that merged with "SPAC King" Chamath Palihapitiya's blank-check companies are feeling the effects of the latest SPAC market plunge, following a short-lived rebound. [Bloomberg]

Can institutional investors push companies to consider the long term? [Institutional Investor]

After decades of dispatching robots with cameras to show us what Mars looks like, scientists are turning to audio to help us learn about the red planet's surface. [The Atlantic]
Ads
Since yesterday, the PitchBook Platform added:
73
People
7
Companies
See what our data software can do
 
Quick Takes
  The Daily Benchmark  
  2010 Vintage Global Real Assets Funds  
  VC Deals  
  Adona Medical brings in $37.5M Series B  
  Vanilla raises $30M  
  Ictero Medical picks up $6M  
 
 
Ads
The Daily Benchmark
2010 Vintage Global Real Assets Funds
Median IRR
3.15%
Top Quartile IRR
9.12%
1.40x
Median TVPI
Select top performers
4D Global Energy Investments
GEC I/II
Brookfield Americas Infrastructure Fund I
*IRR: net of fees
28 Funds in Benchmark »
Check out the latest version of PitchBook Benchmarks
VC Deals
Adona Medical brings in $37.5M Series B
Adona Medical has raised $37.5 million in a round co-led by Cormorant Asset Management and The Capital Partnership. The company is a developer of interventional treatments for heart failure management.
View round
 
View similar company »
 
Vanilla raises $30M
Vanilla, the developer of an estate and wealth management platform, has raised a $30 million Series B led by Insight Partners. Venrock and Michael Jordan also participated in the funding, among others.
View round
 
View similar company »
 
Ictero Medical picks up $6M
Ictero Medical has raised a $6 million Series A from investors including MedTex Ventures and S3 Ventures. Based in Houston, the company is a developer of minimally invasive devices designed to treat gallstone disease.
View round
 
View similar company »
 
PitchBook Webinar: Q1 2022 Venture Monitor
Join PitchBook and industry experts from JP Morgan, Insperity and NVCA on May 5 for a webinar covering our Q1 2022 Venture Monitor Report. This webinar will discuss upcoming market changes brought about by factors such as interest rates and public market volatility.

Topics will include:
  • Stagnancy in deal activity and the stress it places on certain areas of the market.

  • The Q1 downturn in public listings, resulting in only 28 IPOs or deSPAC transactions, and how it affects high-value late-stage companies.

  • Back-to-back record quarters for dry powder as fundraising hit a new commitment record of $73 billion in Q1, following one of the best markets in 2021.
Register now to secure your spot
Share:   Email    LinkedIn    Twitter    Facebook
Chart of the Day
"Despite the slow start to the year for take-privates, many sponsors are likely circling opportunities for several reasons. First, sponsors, flush with cash, are looking to deploy large sums; take-privates offer great opportunities. Second, pricing is favorable. The 8.7% drop in the Euro STOXX 50 in Q1 is providing compelling valuations for some public companies to be taken private."

Source: PitchBook's Q1 2022 European PE Breakdown
About PitchBook | Terms of use | Advertise with us | Contact

Follow us:   in   twtr   fb

This email was sent to you via the PitchBook Platform.

Do you want to change your email address, get a different edition or unsubscribe? Manage your subscription here.

© 2022 PitchBook Data. All rights reserved.
Venture capital, private equity and M&A financial information technology provider.

Older messages

How crypto startups are rewriting CVC rules

Sunday, May 1, 2022

Plus: Take the PitchBook News Quiz, PE carries Q1 M&A activity, Germany's VC investing boom, fertility tech funding & more Read online | Don't want to receive these emails? Manage your

Our book recommendations

Saturday, April 30, 2022

Also: Global M&A activity stays resilient, but new deals are slowing; Don't miss our live Acquired show in Seattle and our upcoming webinar on US VC! Read online | Don't want to receive

Micro-funds hit above their weight

Friday, April 29, 2022

Anduril targets $500M for AI systems; January Ventures closes $21M fund; home energy specialist seals new funding; Tiger Global backs Kard Read online | Don't want to receive these emails? Manage

Fertility startups vie for VC access

Thursday, April 28, 2022

The 10 most active German VCs; US VC trends in five charts; FreeWire brings in $125M; Enveil secures $25M Read online | Don't want to receive these emails? Manage your subscription. PitchBook Log

Global M&A hangs tough

Wednesday, April 27, 2022

Baillie Gifford sets its own pace; LP spotlight: Karita Meling of Finland's Elo; Slow Ventures snags $325M across two funds; Biofourmis nabs $300M Read online | Don't want to receive these

These 12 flows are responsible for $8 million in sales

Tuesday, May 24, 2022

Supp Reader I just wrote a thread on the exact email flows responsible for more than $8 million in sales for my eCom clients Click here to read the thread If you set these exact 12 flows in your store,

💎 5 Tweet Tuesday 💎 - Shaan's top 5 tweets this week

Tuesday, May 24, 2022

How I think about hiring ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

May 24 - Thinx CEO steps down | Walmart GoLocal expands

Tuesday, May 24, 2022

Thinx CEO steps down; Best Buy trims sales expectations as pandemic boom unwinds; Petco comps up 5% in Q1 as consumers continue to spend on pets; Walmart GoLocal expands delivery to 1600 locations View

Re: the Crypto Business Conference...

Tuesday, May 24, 2022

Reader, yesterday I emailed you about our new conference. You might be wondering why you should consider attending a conference focused on NFTs and Web 3.0. Here are a few important things to think

4 steps for building powerful PPC campaigns

Tuesday, May 24, 2022

The Content Marketer Today, we're showing how companies are using PPC to strengthen their marketing campaigns, listing 12 ways to excel at real estate content marketing, bringing you 5 examples of

A primer on private markets real estate

Tuesday, May 24, 2022

Mobility tech shifts gears; PE revives fossil fuel deals; Torch secures $40M; Tiger Global leads $25M round for Clicoh; PayEngine collects $10M Read online | Don't want to receive these emails?

May 24 - How Miller Lite and Bud Light's rivalry shook marketing | CMOs bullish as budgets recover

Tuesday, May 24, 2022

CMOs 'sanguine' in face of inflation, global turmoil as budgets recover; Candle Media extends content deal-making run with Attn: acquisition; Nextbite exec dishes on how operators can make

[Roundup] How are FBA aggregators doing post-Covid?

Tuesday, May 24, 2022

Two years since the pandemic began, we ask FBA aggregators how they've been bouncing back from the global crisis. Here's what some companies had to say. From the Blog Amazon FBA Small and Light

The Latest from SaaStr: 10 Simple Ideas to Help Manage Burn

Tuesday, May 24, 2022

Plus, the latest from SaaStr To view this email as a web page, click here saastr daily 10 Simple Ideas to Help Manage the Burn By Jason Lemkin · Monday, May 23, 2022 | Growth For many of us in SaaS,

30 Leadership Behaviors You Need to be an Excellent Leader

Tuesday, May 24, 2022

Do your current leadership behaviors align with both your and your team's goals? Here are 30 leadership behaviors you need for success. HubSpot Marketing Blog May 24, 2022 30 Leadership Behaviors