PitchBook News - Supply chain tech tries to tame chaos

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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

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.

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]

Since yesterday, the PitchBook Platform added:

149

People

82

Companies

3

Funds

See what our data software can do

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

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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PitchBook News - Supply chain tech tries to tame chaos

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