PitchBook News - A new dimension for 3D printing

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The Daily Pitch: VC

July 8, 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:

Investors are rewarding a new generation of 3D printing startups that aim to disrupt industries including aerospace, healthcare, housing and plant-based meat.

PE firms have rediscovered their taste for leisure, restaurant and hotel companies following the sector's crash triggered by the pandemic.

Southern European countries like Spain and Italy have made strides in building up their startup ecosystems.

Today's Top Stories

Funding for 3D printing grows in lockstep with ambitions

Tiger Global-backed Icon Technology builds concrete homes
with a 3D printer. (Courtesy of Icon Technology)

Additive manufacturing technology continues to mature beyond its hobbyist roots, and venture capitalists are taking note.

In the latest stage of the technology's hype cycle, companies are scaling up with new factories and superior printers that promise to transform how homes, high-end parts and even plant-based foods are made.

Recommended Reads

Veterinary medicine had dealt with staffing problems for years, and then the pandemic made everything worse. [The Atlantic]

Why pension funds can't put a number on private equity fees. [Institutional Investor]

How one tycoon broke the nickel market and walked away a billionaire. [Bloomberg]

Since yesterday, the PitchBook Platform added:

22

VC valuations

2089

People

550

Companies

23

Funds

See what our data software can do

Quick Takes

	The Daily Benchmark
	2011 Vintage Global Funds-of-Funds
	People
	Rajeev Misra to step back from Vision Fund
	VC Deals
	Aurora Labs picks up $63M Series C
	Workvivo banks $22M
	GV leads $15M round for agtech startup Fyto
	Portfolio Companies
	Former Theranos executive found guilty of fraud
	Fundraising
	Konvoy launches third vehicle

The Daily Benchmark

2011 Vintage Global Funds-of-Funds

Median IRR

16.05%

Top Quartile IRR

18.89%

2.00x

Median TVPI

Select top performers

Franklin Park Venture Fund Series 2011

Weathergage Capital Investments A

Venture Investment Associates VII

*IRR: net of fees

58 Funds in Benchmark »

Check out the latest version of PitchBook Benchmarks

People

Rajeev Misra to step back from Vision Fund

Rajeev Misra, CEO of SoftBank's Vision Fund, is reportedly stepping back from his role to pursue a new $6 billion fund. Misra will continue to oversee investments from the original Vision Fund in a reduced capacity, according to reports.

View details

VC Deals

Aurora Labs picks up $63M Series C

Aurora Labs has raised $63 million in a round led by Moore Strategic Ventures. The Tel Aviv-based company provides an AI-powered platform for developing, testing and remotely updating vehicle software.

View round

View 5 competitors »

Workvivo banks $22M

Workvivo, the developer of an employee communication and engagement platform, has raised $22 million in a round led by Tiger Global. The Irish company is backed by investors including Zoom founder Eric Yuan and Frontline Ventures.

View round

View similar company »

GV leads $15M round for agtech startup Fyto

Fyto has raised a $15 million Series A led by GV. The company's automated systems help farmers cultivate and harvest highly nutritious aquatic plants intended for use in food, animal feed and fertilizer.

View round

View similar company »

Don't miss our upcoming webinar

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Key topics include:

An update on private market fund performance and fundraising.

Where emerging managers have had success raising funds, where they have struggled, and why.

How the real estate sector's strategies and property subsectors react to various economic drivers, and what this means for current and future performance.

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Portfolio Companies

Former Theranos executive found guilty of fraud

Ramesh "Sunny" Balwani, the former president and COO of blood-testing startup Theranos, has been found guilty of defrauding patients and investors, according to reports. Balwani was found guilty of all 12 charges brought against him.

View details

View 7 competitors »

Fundraising

Konvoy launches third vehicle

VC firm Konvoy has announced its third flagship fund, a $150 million vehicle dedicated to investing in gaming technologies and platforms.

View fund

View 32 investments »

Chart of the Day

"While both deal count and value decreased by around 40% compared to the records set in Q4 2021, deal activity was in line with that of previous quarters. Much of this is likely due to the three-to-six-month time lag between deal agreements and closings, although the moderate activity level may also suggest that macroeconomic headwinds in Q1 have not been as detrimental to dealmaking as feared."

Source: PitchBook's Q1 2022 US PE Middle Market Report

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PitchBook News - A new dimension for 3D printing

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US VC pushes back

What's next for fintech valuations

Another rout for global markets

As unicorn growth slows, Europe stands out

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