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The Daily Pitch: VC

September 20, 2022

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In today's Daily Pitch, you'll find:

As startups find themselves in a difficult fundraising environment, distressed venture investors are expecting to be busy.

From carbon capture to green mining, our debut Carbon & Emissions Tech Report explores VC trends and opportunities in the nascent sector.

How Insight Partners aims to help portfolio companies grow more efficiently in leaner times.

Today's Top Stories

All systems go for carbon and emission tech

As legislation, policy and net-zero emissions pledges encourage decarbonization across the globe, startups developing carbon and emissions tech are reeling in investors. The vertical is poised for strong continued growth thanks to increasing global focus on aggressive emissions targets and consumer interest in emissions reduction. PitchBook analysts estimate the overall market will reach $905 billion in 2022.

Our first Carbon & Emissions Tech Report explores VC trends in the nascent sector and spotlights opportunities in carbon tech, green industry, built environment and land use.

read the preview

Share:

Distressed venture is coming to save your orphaned startups

(metamorworks/Shutterstock)

The traditional venture model relies on a lot of misses and a few home runs. But among the misses, what happens to the startups that are no longer attractive enough to receive follow-on funding?

The distressed venture strategy helps companies rebuild in a more economically sustainable way when traditional VC has left them behind. In a challenging fundraising environment for startups, distressed venture investors are expecting to be busy.

Recommended Reads

While one of the few companies not delaying its IPO, Instacart isn't planning to raise much money in the public debut, choosing instead to allow employees to cash out of their long-held shares. [The Wall Street Journal]

How Patagonia's ownership handoff changes the game for American business. [Fast Company]

Could increasing numbers of electric vehicles help buttress the US' ancient electrical grids? [Wired]

Since yesterday, the PitchBook Platform added:

9

VC valuations

1658

People

554

Companies

14

Funds

See what our data software can do

Quick Takes

	The Daily Benchmark
	2019 Vintage European Real Estate Funds
	VC Deals
	Swiftly brings home $100M Series C
	Kate Farms harvests $75M
	Yellow Card banks $40M Series B
	PowerToFly raises $30M for diversity recruitment
	1MRobotics emerges from stealth with $16.5M Series A
	Elevation Spine picks up $11M
	Fundraising
	OurCrowd launches $200M healthcare-focused fund

The Daily Benchmark

2019 Vintage European Real Estate Funds

Median IRR

8.62%

Top Quartile IRR

16.60%

1.07x

Median TVPI

Select top performers

Blackstone Real Estate Partners Europe VI

NREP Nordic Strategies Fund IV

EQT Real Estate II

*IRR: net of fees

8 Funds in Benchmark »

Check out the latest version of PitchBook Benchmarks

VC Deals

Swiftly brings home $100M Series C

Swiftly, the developer of a digital platform designed to help retailers engage with customers and build loyalty programs, has raised $100 million in a round led by BRV Capital Management. The funding values the company at more than $1 billion.

View round

View 2 competitors »

Kate Farms harvests $75M

Kate Farms has raised a $75 million Series C led by Novo Holdings. Based in California, the company offers plant-based formulas made without common allergens for children and adults with conditions such as diabetes, cancer and malnutrition.

View round

View 6 competitors »

Yellow Card banks $40M Series B

Yellow Card has raised $40 million in a round led by Polychain Capital. The company offers a cryptocurrency exchange operating across Africa.

View round

View 18 competitors »

PowerToFly raises $30M for diversity recruitment

PowerToFly has raised $30 million in a round led by Morgan Stanley Expansion Capital. Based in New York, the company offers diversity recruitment services.

View round

View 12 competitors »

1MRobotics emerges from stealth with $16.5M Series A

1MRobotics, a provider of robotic nano-fulfillment centers, has raised $16.5 million in a round led by Ibex Investors, TechCrunch reported.

View round

View similar company »

Elevation Spine picks up $11M

Elevation Spine has raised $11 million in a Series B led by Technology Venture Partners. The medical device company develops spinal implants.

View round

View similar company »

Fundraising

OurCrowd launches $200M healthcare-focused fund

OurCrowd has collected $200 million for its Global Health Equity Fund in collaboration with the WHO Foundation.

View fund

View 262 investments »

Chart of the Day

"The Chinese government announced its plan to limit listings of companies headquartered in China on foreign exchanges. While this isn't a complete barrier to exits, many of the country's largest exits were via public listing onto foreign markets, and the intervention by the government has likely made investors based outside China think twice about investing into the country."

Source: PitchBook's H1 2022 Greater China Venture Report

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PitchBook News - All systems go for carbon tech

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Mapping SoftBank's executive exodus

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Competition fierce in supply chain tech

How VCs boost carbon capture

VC, PE and a healthcare disruption

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