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

PitchBook News - Ranking VC's most active players

When debt comes knocking; CVCs ratchet up venture participation in Europe; NEA bags $6B+ across two funds; Boston Metal forges $120M
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: VC
January 30, 2023
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:
 
Today's Top Stories  
More on VC's dizzying year
In case you missed it, be sure to check out our year-end PitchBook-NVCA Venture Monitor. The report, sponsored by Insperity, J.P. Morgan and Dentons, now includes league tables ranking the industry's most active players. Plus details on these storylines in 2022:
  • Exits in Q4 totaled $5.2 billion, the lowest quarterly figure in more than a decade, capping a 90% decline in annual exit value.

  • VC firms' fundraising topped $160 billion for the year, despite a lull in Q4.

  • Early- and late-stage dealmaking continued their slides in Q4, while venture debt remained high.
read it now
 
Share: Email LinkedIn Twitter Facebook
On the podcast: Leveraged loan warning signs
Will companies be able to continue kicking their debt down the road, or will they struggle to refinance as hundreds of billions in loans come due in the next few years?

In the first episode of Season 7, LCD researchers Rachelle Kakouris and Taron Wade join the show to explain why a low default rate doesn't necessarily make for sunny skies.

Check out the episode to hear more about rising levels of distress in software and healthcare, LCD's restructuring watchlist, why Wade has her eye on direct lending, and much more.
listen to the episode
 
Share: Email LinkedIn Twitter Facebook
 
A message from the American Investment Council  
In-house expertise
If you've ever had one of Popeyes' famous chicken sandwiches, you might not have guessed it was the result of a menu overhaul spurred by private equity investors. Popeyes is one of hundreds of examples of PE sponsors improving, reviving or completely reinventing consumer brands. Moreover, today's PE investors are leaning on "operating partners"—former CEOs and CFOs who are now vital to PE's value creation process—to further innovate consumer brands.

In partnership with PitchBook, AIC has released In-house expertise: How private equity is modernizing consumer brands. More than $1 trillion in private equity has been invested in consumer brands over the past decade, with hundreds of success stories behind the datapoints.

To download the report, click here
Share: Email LinkedIn Twitter Facebook
 
Arch Ventures-incubated clinical trials startup leaves stealth with $203M
(Scott Cornell/Shutterstock)
Paradigm, a clinical trial technology startup, launched out of stealth with a $203 million Series A Friday with hopes to bring research trials to all US patients. The funding slots in as the eighth-largest early-stage healthtech VC deal ever, PitchBook data shows.

Paradigm is creating technology to match patient records with clinical trial criteria, putting it toe-to-toe with healthcare records giant Epic.
read more
 
Share: Email LinkedIn Twitter Facebook
CVCs take part in more than a fifth of European VC deals
(picture alliance/Getty Images)
More than 1 in 5 European venture deals involved corporate venture capital in 2022—a new record for CVC participation.

Late-stage startups were the main targets; CVCs invested in some of the continent's largest venture deals.
read more
 
Share: Email LinkedIn Twitter Facebook
Ionos deal could ease European IPO drought
(picture alliance/Getty Images)
Europe's long dry spell in public listings may have an end in sight. PE-backed web hosting company Ionos is seeking a valuation of up to €3.15 billion (about $3.42 billion) as it looks to go public on the Frankfurt exchange—potentially making it the largest European IPO so far this year.

This move follows a difficult year for PE-backed public listings in Europe, with just 17 offerings in 2022 compared to 143 the previous year, due to public market volatility caused by inflation and the war in Ukraine.
read more
 
Share: Email LinkedIn Twitter Facebook
ESG risks threaten profitability of freight and logistics companies
(Avigator Fortuner/Shutterstock)
Carbon and non-greenhouse gas emissions. Occupational health and safety. Human capital. Data security.

Freight and logistics stocks face a broad range of ESG risks, but exposure to these risks varies from one industry to the other—especially depending on how asset-intensive a company's business model is.

Morningstar analysts delve into how competitive advantages can shield the profitability of freight and logistics stocks from the range of ESG risks they face.
read the report
 
Share: Email LinkedIn Twitter Facebook
Recommended Reads
Insurers have been swapping public assets for private ones. Higher interest rates aren't reversing that trend—just changing it. [Institutional Investor]

Visualizing the roughly 39,000 pounds of minerals and fossil fuels each American needs annually to maintain their standard of living. [Visual Capitalist]

Ticketmaster's woes go far beyond Taylor Swift. [The Atlantic]
 
Ads
Since yesterday, the PitchBook Platform added:
105
People
53
Companies
See what our data software can do
 
Quick Takes  
  The Daily Benchmark  
  2009 Vintage Global Real Estate Funds  
  VC Deals  
  Boston Metal forges $120M Series C  
  Grey Wolf Therapeutics lands $49M  
  Miach Orthopaedics nabs $40M  
  Inscribe raises $25M  
  Fraud prevention specialist Hawk AI pockets $17M  
  Generative AI startup Supernormal raises $10M  
  Fundraising  
  NEA raises $6B+ across two funds  
 
 
The Daily Benchmark  
2009 Vintage Global Real Estate Funds
Median IRR
10.00%
Top Quartile IRR
11.88%
1.38x
Median TVPI
Select top performers
LBA Realty Fund IV
Lubert-Adler Fund VI A
GEM Realty Fund IV
*IRR: net of fees
28 Funds in Benchmark »
Check out the latest version of PitchBook Benchmarks
 
VC Deals  
Boston Metal forges $120M Series C
Steel decarbonization startup Boston Metal has raised a $120 million Series C led by steel giant ArcelorMittal. Microsoft's Climate Innovation Fund also joined the investment in the startup, which spun out of the Massachusetts Institute of Technology.
View round
 
View 6 competitors »
 
Grey Wolf Therapeutics lands $49M
Grey Wolf Therapeutics, based in the UK and Australia, has raised $49 million in a Series B led by Pfizer Ventures and Earlybird. The startup develops immunotherapies meant to combat tumors.
View round
 
View 118 competitors »
 
Miach Orthopaedics nabs $40M
Miach Orthopaedics, which is developing an implant to treat ACL tears, has raised $40 million in equity and debt. Sectoral Asset Management and Endeavour Vision led the $30 million Series B, while Silicon Valley Bank provided the $10 million in venture debt.
View round
 
View similar company »
 
Inscribe raises $25M
Inscribe has secured a $25 million Series B led by Threshold Ventures. The company's software helps financial companies detect fraudulent documents.
View round
 
View 37 competitors »
 
Fraud prevention specialist Hawk AI pockets $17M
Sands Capital has led a $17 million Series B in Munich-based Hawk AI. The startup's anti-money laundering technology helps banks and payment companies prevent fraud.
View round
 
View 7 competitors »
 
Generative AI startup Supernormal raises $10M
Supernormal, which uses generative AI models to create meeting notes, has raised a $10 million seed round led by Balderton Capital.
View round
 
View similar company »
 
 
Fundraising  
NEA raises $6B+ across two funds
NEA has raised roughly $6.2 billion across two funds, one targeting early-stage companies and the other dedicated to venture growth-stage opportunities. The firm now has $25 billion in AUM.
View details
 
View 1,308 investments »
 
 
Chart of the Day  
"Big names are jumping in to take advantage of the growing opportunities in private debt. In Q3 alone, Apollo, KKR, BlackRock and Credit Suisse all closed new private debt strategy funds for a combined $8.2 billion."

Source: PitchBook's Q3 2022 Global Private Market Fundraising Report
 
Who's in the newsletter today?
Investors
ArcelorMittal
Balderton Capital
Climate Innovation Fund
Earlybird
Endeavour Vision
NEA
Pfizer Ventures
Sands Capital
Sectoral Asset Management
Silicon Valley Bank
Threshold Ventures
Companies
Boston Metal
Grey Wolf Therapeutics
Hawk AI
Inscribe
Miach Orthopaedics
Supernormal
 
 
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.

© 2023 PitchBook. Win what's next. All rights reserved.

Older messages

Portfolio balancing act

Sunday, January 29, 2023

Plus: Private capital's crystal ball, the dried-up supply chain, M&A across the pond & more Read online | Don't want to receive these emails? Manage your subscription. Log in The

VC's massive imbalance

Saturday, January 28, 2023

Also: Where private markets will be in 2027; Global M&A activity holds strong; Discussing the trends that will define US leveraged finance next year. Read online | Don't want to receive these

When dry powder stays dry

Friday, January 27, 2023

Europe's movers and shakers of 2022; Stripe plots IPO, stock sale; Senken bags $7M+ for carbon offsets platform Read online | Don't want to receive these emails? Manage your subscription. Log

M&A marches on

Thursday, January 26, 2023

Q&A: VC in the Middle East, Africa; the state of VC in six charts; what a placement agent can do for GPs; AtomicJar bottles up $25M Read online | Don't want to receive these emails? Manage your

Can startups grow into their valuations?

Wednesday, January 25, 2023

5 charts showcase European VC; large take-privates take a back seat; investors shift their BNPL strategy; Kravis to back Thrive Capital Read online | Don't want to receive these emails? Manage your

You Might Also Like

Easy to understand tutorials via email

Saturday, January 11, 2025

I love that you're part of my network. Let's make 2025 epic!! I appreciate you :) Today's hack Easy to understand tutorials via email Text is boring. Create a short video tutorial, upload

Agency advice when you need it

Saturday, January 11, 2025

Hi there , Running an agency means needing different advice at different times. Sometimes you just need quick feedback from someone who gets it. Which is why I'm building a place for agency owner..

The Ultimate Personal Branding Playbook Drops January 17th

Friday, January 10, 2025

Let's face it—getting noticed in today's market isn't what it used to be... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

How This Weird Site Makes $88/month!

Friday, January 10, 2025

Each week on the Niche Pursuits podcast, we share a couple of weird niche sites. And every once in a while, these sites are making a SIGNIFICANT amount of money. I recently found a WEIRD website making

♦️ How saying no to (some) customers increases your chances of winning big

Friday, January 10, 2025

How Autodesk became a $60 billion company by staying specific... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Tripling your organic LinkedIn content visibility

Friday, January 10, 2025

Today's Guide to the Marketing Jungle from Social Media Examiner... Presented by social-media-marketing-world-logo It's National Thank Your Customers Week, so thank you Reader! We're

The Single Most Important Thing For Bitcoin Right Now

Friday, January 10, 2025

Listen now (4 mins) | To investors, ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Influence Weekly #371 - How The Military Recruitment Crisis Pushed The Pentagon To Fund MrBeast, TV Stars In A Bid To Woo Gen Z

Friday, January 10, 2025

PayPal Sued Over Browser Extension Allegedly Diverting Creator's Commission ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Weekly Dose of Optimism #126

Friday, January 10, 2025

Sana Biotechnology, Memory Processes, METAGENE-1, McDermitt Caldera, More Speech, Enron Egg, Telepathy Tapes x Jesse Michels ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

AI gets a third of VC cash

Friday, January 10, 2025

Fund performance data drop; Read online | Don't want to receive these emails? Manage your subscription. Log in The Daily Pitch: VC January 10, 2025 The Daily Pitch is powered by PitchBook's