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PitchBook News - Supply chain tech tries to tame chaos

Singapore tops list in VC funding per capita; checking in on emerging tech; Devo secures $100M; Hourly picks up $27M
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The Daily Pitch: VC
June 6, 2022
The Daily Pitch is powered by PitchBook’s industry-defining research and best-in-class data
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In today's Daily Pitch, you'll find:
  • Our latest update on supply chain tech explores the vertical's investment activity and assesses emerging opportunities in last-mile delivery and warehousing automation.

  • A list of the 10 countries with the most VC capital per capita so far this year.

  • Our map of the France and Benelux venture ecosystem highlighting dealmaking, fundraising and exit activity.
 
Today's Top Stories  
Supply chain tech adjusts to new realities to ramp up global trade flows
VC investment in supply chain tech slowed in Q1 from 2021's record pace. Startups collected $14 billion in the quarter across 301 deals—marking a decline of 20.4% year-over-year in deal value.

The turmoil of recent years exposed the fragility of global supply chains. Changes in consumption patterns brought on by the pandemic, hoarding, price fluctuations and inflation all conspired to drive unprecedented volatility. Sensing an opportunity, investors and startups answered with a dramatic spike in supply chain activity in 2020 and 2021.

Now, PitchBook analysts say that opportunities in the developing world and relentless competition in ecommerce to deliver products in shorter time frames are likely to further spur investment and technology development across the vertical.

Our Q1 Emerging Tech Research update on supply chain tech deep dives into the vertical's investment activity and trends, comprehensively assessing emerging opportunities in last-mile delivery and warehousing automation. It also includes company spotlights on Flexport, ElasticRun and Exotec.
read the preview
 
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Mapping France and Benelux's VC ecosystem
(akinbostanci/Getty Images)
Venture investments in France and the Benelux region have ballooned in recent years, and Q1 2022 was no different.

Check out our ecosystem map which highlights key VC trends across the region.
see the data
 
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A message from RBC Capital Markets  
How is the rise of private equity mega-funds influencing the M&A market?
Private equity's push for scale continues, and funds worth $35 billion are now a reality. With increased fund sizes, private equity firms are broadening the range of target deals. According to RBC's Co-Head of Financial Sponsors, Harold Varah, "While only so many firms can do mega-deals, there will be a material increase in deals worth more than $10 billion going forward."

How are large PE funds navigating market volatility? Where can PE find a competitive edge? Which sectors will PE funds target for M&A transactions?

Find out more, here.
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Singapore tops list in VC funding per capita
(Richard Drury/Getty Images)
Singapore has by far the largest amount of venture funding per capita among countries with over $1 billion of capital raised.

We've compiled a list of the 10 countries with the largest amounts of VC capital per person since the start of 2022.
read more
 
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In Q1, top VCs remained bullish on Web3, DeFi and the metaverse
The Emerging Tech Indicator provides a quarterly overview of startups receiving seed and early-stage investments from a limited subset of VC funds. In the first quarter of 2022, our analysts tracked 227 deals that involved the 15 top-performing VC firms.

The report takes a closer look at five Q1 emerging market segments—Web3 & DeFi, fintech, biotech, data tech and enterprise SaaS—serving as an indicator of technologies that are likely to drive growth opportunities over the next several years.

Key takeaways include:
  • Web3 & DeFi was the largest area of ETI investment for the third consecutive quarter, with $2 billion invested across 29 deals.

  • Fintech companies secured $614 million in ETI investment across 23 deals in Q1, with roughly half of that total collected by startups outside the US.

  • The metaverse has emerged as a strong theme within Web3 & DeFi, as several ETI startups in the gaming and crypto industry incorporated the term as a key part of their branding.

  • While Q1 VC activity has proven to be relatively resilient despite broader market turbulence, we expect Q2 data may show further retraction from the peak activity levels reported over Q4 and Q1.
read it now
 
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Recommended Reads
One writer's trying trip from New Orleans to Chicago in an electric car. [The Wall Street Journal]

How a British-American billionaire quietly severed his fortune from its Russian roots. [Bloomberg]

Parents and grandparents who took out loans to help pay for their child or grandchild's college education have little hope of ever seeing the debt forgiven. [Fortune]
 
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Quick Takes  
  The Daily Benchmark  
  2012 Vintage Global Secondaries Funds  
  VC Deals  
  Devo secures $100M  
  Vizgen brings in $85.2M Series C  
  Reco lands $30M Series A  
  Hourly picks up $27M  
 
 
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The Daily Benchmark  
2012 Vintage Global Secondaries Funds
Median IRR
12.20%
Top Quartile IRR
16.10%
1.38x
Median TVPI
Select top performers
Dover Street VIII
Pomona Capital VIII
Portfolio Advisors Secondary Fund II
*IRR: net of fees
13 Funds in Benchmark »
Check out the latest version of PitchBook Benchmarks
 
VC Deals  
Devo secures $100M
Devo has raised a $100 million Series F led by Eurazeo. The funding values the company at $2 billion. Devo is the developer of a logging and security analytics platform designed to manage threats in cloud environments.
View round
 
View 75 competitors »
 
Vizgen brings in $85.2M Series C
Vizgen has raised $85.2 million in a round co-led by Blue Water Life Science Advisors and ARCH Venture Partners. Based in the Boston area, the company provides tools for single-cell spatial genomics research.
View round
 
View 30 competitors »
 
Reco lands $30M Series A
Reco has raised $30 million from investors including Insight Partners, Zeev Ventures and BoldStart. The company uses AI to map and secure sensitive business interactions shared through collaboration tools such as Slack and Jira.
View round
 
View similar company »
 
Hourly picks up $27M
Hourly has raised a $27 million Series A led by Glilot Capital Partners. The company offers a time tracking, payroll and workers' compensation insurance platform for small and medium-sized businesses.
View round
 
View similar company »
 
 
Don't miss our upcoming webinar
The investing environment has fundamentally shifted in the past several months, with inflation at a 40-year high, the Fed tightening monetary policy and growing fears of an economic recession.

In this webinar, our analysts will discuss the broader macroeconomic backdrop, how it has influenced the recent volatility and sell-off in public equity markets, and what it means for private markets now and going forward. The webinar will be held June 7 at 8 a.m. PT/11 a.m. ET.

Register now
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Chart of the Day  
Source: PitchBook's Q1 2022 US VC Valuations Report
 
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Investors
ARCH Venture Partners
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BoldStart
Eurazeo
Glilot Capital Partners
Insight Partners
Zeev Ventures
Companies
Devo
Hourly
Reco
Vizgen
 
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Older messages

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