1. Home
  2. Discover
  3. Business
  4. PitchBook News

PitchBook News - Female founders remain resilient

Another rout for global markets; Elon Musk terminates Twitter deal; Coalition secures $250M for cyber insurance; Hummingbird backs Kernal
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: VC
July 11, 2022
The Daily Pitch is powered by PitchBook’s industry-defining research and best-in-class data
Ads
In today's Daily Pitch, you'll find:
  • Our half-year update on venture capital funding for female founders in the US.

  • PE investment in Europe's renewable energy sector is on the rise as GPs tap into growing demand for energy alternatives in the region.

  • Our Global Markets Snapshot breaks down a month of trends in the equity, debt and commodities markets, tracking returns across a range of indexes and sectors.
 
Today's Top Stories  
2022 half-year update: Female founders remain resilient
(Ponomariova_Maria/Getty Images)
During the first half of 2022, US startups with one or more female founders raised $20.8 billion in venture funding, 93% of the deal value raised in the first half of 2021.

For more data, check out our half-year update on venture capital funding for female founders in the US.
see the data
 
Share: Email LinkedIn Twitter Facebook
US markets on pace for worst start to year in decades
Public equities fell again in June, this time coinciding with a fall in many commodities. Central banks continue to fight inflation, causing investor hesitation in public and private markets as recession odds rise.

Meanwhile, corporate bond spreads inch toward stress territory, and US markets are on pace for their worst start to a year in decades. Unicorn creation also declined again, with fewer than 30 being minted in June. However, returns in China and Latin America held silver linings.

PitchBook's latest Global Markets Snapshot breaks down a month of trends in the equity, debt and commodities markets, tracking returns across a range of indexes and sectors. It also includes private markets activity, including major PE and VC deals, IPO performance and unicorn creation by region. In this monthly digest, we provide the datasets that PitchBook's research team is keeping an eye on as financial markets remain volatile.
read more
 
Share: Email LinkedIn Twitter Facebook
 
A message from Antares  
Confidence through uncertainty
From geopolitical issues to continued supply-chain struggles, the uncertainty of today's market has left investors challenged to find a relatively safe haven with attractive real risk-adjusted returns. Yet private debt's resilience may once again offer shelter from the storm.

As Timothy Lyne, CEO of Antares, shares with PitchBook, there are reasons for optimism despite inflation and rising interest rates, including ripe conditions for increased M&A activity.

His thoughts and the full Q&A can be read in the Q1 2022 US PE Middle Market Report.

Read it now
Share: Email LinkedIn Twitter Facebook
 
PE powers into Europe's renewable energy sector
(zhihao/Getty Images)
PE has been growing its exposure to the renewable energy sector over recent years in search of better returns as demand rises for sustainable power.

Appetite for such investments is also increasing among those investors conscious of the growing ESG risk attached to fossil fuels.
read more
 
Share: Email LinkedIn Twitter Facebook
Elon Musk terminates deal to buy Twitter
(Alexi Rosenfeld/Getty Images)
Elon Musk says he is spiking his $44 billion offer to buy Twitter on the grounds that the company failed to hand over sufficient information about fake or spam accounts on the platform, according to a regulatory filing.

Twitter and Musk are now bound for a legal fight: The company plans to enforce the merger agreement in a Delaware court. Twitter's stock dropped more than 6% to below $34 per share in after-hours trading following the announcement on Friday. The deal had priced the company at $54.20 per share.

Twitter has delivered some, though not all, of the information Musk requested. Based on that data, Musk's team claims that the share of active users that are fake or spam accounts is "wildly higher" than the 5% figure that Twitter had cited.

Musk's lawyers said the information was needed, among other reasons, "to facilitate Mr. Musk's financing and financial planning for the transaction." Musk planned to pay for the deal with a bevy of outside investors that included Larry Ellison, Sequoia, Binance and Saudi Prince Alwaleed Bin Talal.

If successful, Musk's Twitter takeover would have been the largest take-private deal since Dell bought EMC for $67 billion in 2016, according to PitchBook data.
Share: Email LinkedIn Twitter Facebook
Recommended Reads
Why the US industrial complex is starting to buckle under high power costs. [Bloomberg]

Offices don't increase efficiency or save time, so why is it so hard for employers to give them up? [The Atlantic]

Investors are betting that the euro's slide toward parity with the US dollar won't mark the end of the currency's woes. [The Wall Street Journal]
 
Since yesterday, the PitchBook Platform added:
123
People
47
Companies
See what our data software can do
 
Quick Takes  
  The Daily Benchmark  
  2019 Vintage Global PE Funds  
  VC Deals  
  Coalition wraps up $250M for cyber insurance  
  Zhiyi Biotech secures $45M  
  Deuna nabs $30M  
  Hummingbird leads $25M round for Kernal  
  Traba locks down $20M  
 
 
The Daily Benchmark  
2019 Vintage Global PE Funds
Median IRR
20.89%
Top Quartile IRR
41.23%
1.20x
Median TVPI
Select top performers
Riverside Technology Capital Solutions I
Tulco
Providence Strategic Growth IV
*IRR: net of fees
169 Funds in Benchmark »
Check out the latest version of PitchBook Benchmarks
 
VC Deals  
Coalition wraps up $250M for cyber insurance
Coalition has raised a $250 million Series F at a $5 billion valuation from investors including Allianz X, Valor Equity Partners and Kinetic Partners. Based in San Francisco, Coalition provides both insurance and proactive cybersecurity tools to help companies manage cyber risk.
View round
 
View 67 competitors »
 
Zhiyi Biotech secures $45M
Zhiyi Biotech has raised a total of $45 million in Series B funding from investors including Qingkong SinoKing Capital, SDIC Venture Capital and KIP. The Chinese company is developing live biotherapeutic products.
View round
 
View similar company »
 
Deuna nabs $30M
Deuna has raised a $30 million Series A led by Activant Capital, according to reports. The Palo Alto-based company offers ecommerce payments infrastructure for Latin American businesses.
View round
 
View similar company »
 
Hummingbird leads $25M round for Kernal
Hummingbird Ventures has led a $25 million Series A for Kernal Biologics, a developer of mRNA therapies for use in oncology.
View round
 
View similar company »
 
Traba locks down $20M
Traba has raised a $20 million Series A led by Khosla Ventures, TechCrunch reported. Based in Miami, the company offers a marketplace that connects industrial workers with open shifts at warehouses, distribution centers and event venues.
View round
 
View 4 competitors »
 
 
Chart of the Day  
Source: PitchBook's 2022 France & Benelux Private Capital Breakdown
 
Who's in the newsletter today?
Companies
Coalition
Deuna
Kernal Biologics
Traba
Zhiyi Biotech
Investors
Activant Capital
Allianz X
Hummingbird Ventures
KIP
Khosla Ventures
Kinetic Partners
Qingkong SinoKing Capital
SDIC Venture Capital
Valor Equity Partners
 
 
Ads
 
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. Win what's next. All rights reserved.

Older messages

To mark down or not to mark down

Sunday, July 10, 2022

Plus: PE renews its interest in leisure; 3D printing captures record VC; consolidation sweeps wealth management; and more Read online | Don't want to receive these emails? Manage your subscription.

Valuations fall for fast-growth fintechs

Saturday, July 9, 2022

Also: A first look at the US VC data for Q2; Recapping how the global markets fared in June; Join our private funds strategies webinar next Thursday! Read online | Don't want to receive these

A new dimension for 3D printing

Friday, July 8, 2022

Mapping Southern Europe's VC ecosystem; Rajeev Misra to step back from Vision Fund; Aurora Labs picks up $63M; Workvivo rakes in $22M Read online | Don't want to receive these emails? Manage

US VC pushes back

Thursday, July 7, 2022

Do VCs prefer SaaS over ecommerce?; Headline hauls in $950 million across three funds; Flexe boxes up $119M; Swimlane secures $70M Read online | Don't want to receive these emails? Manage your

What's next for fintech valuations

Wednesday, July 6, 2022

Silverton Partners snags $248M across two funds; Sequoia targets $9B for China startups; MarketWolf trots off with $10M Read online | Don't want to receive these emails? Manage your subscription.

You Might Also Like

🎙️ New Episode of The Dime She Hits Different: The Story Behind Cake's Explosive Growth ft. Chloe Kaleiokalani

Thursday, January 9, 2025

​ Listen here 🎙️ She Hits Different: The Story Behind Cake's Explosive Growth ft. Chloe Kaleiokalani​ Cake is hitting different. A hockey stick chart is every founder's dream—but what looks

😬 Who's Slammed by the Spam Update

Thursday, January 9, 2025

Massive Local SEO Algo UPDATE ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Email trends and predictions, ‘Returnuary’ is here, advice from newsletter veterans, and more

Thursday, January 9, 2025

The latest email resources from the Litmus blog and a few of our favorite things from around the web last week. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Bounce Rate is Killing Your SEO 💀

Thursday, January 9, 2025

SEO Tip #68 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Python Weekly - Issue 682

Thursday, January 9, 2025

January 09, 2025 | Read Online Python Weekly (Issue 682 January 9 2025) Welcome to issue 682 of Python Weekly. Happy New Year! I hope you had a great holiday and took some time off to recharge. Learn

Bubbles, Crashes & Fiscal Dominance - Should You Be Worried?

Thursday, January 9, 2025

To investors, ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

What’s Better, X or LinkedIn?

Thursday, January 9, 2025

Our Data and Some Learnings To view this email as a web page, click here saastr daily newsletter This edition of the SaaStr Daily is sponsored in part by Stripe What's Better, X/Twitter or LinkedIn

These are the 14 ways to instantly build trust with visitors

Thursday, January 9, 2025

Some websites sparkle with evidence and reasons to believe. Other websites are really just piles of unsupported marketing claims. Today, we are sharing a guide for building pages that build trust with

PE plugs into data centers

Thursday, January 9, 2025

Doubled valuation follows ditched SPAC; how 10 GPs rule private credit; new look for post-pandemic law firms Read online | Don't want to receive these emails? Manage your subscription. Log in The

Having Fun Yet? 😄

Thursday, January 9, 2025

Enjoyment sells. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌