PitchBook News - Will VCs leave behind women's health?

Carbon tech pulls ahead; how generative AI will shape our tech; acquirers aren't scared by antitrust; Twitter names new CEO
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: VC
May 15, 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  
Reproductive health startups find investors skittish post-Roe
(Andrew Caballero-Reynolds/Getty Images)
When the Supreme Court upheld the Food and Drug Administration's approval of abortion pill drug mifepristone last month, Cindy Adam "breathed a sigh of relief."

Adam is the co-founder of Choix, a startup that offers telemedicine abortion services in six states. Choix, which had been in the middle of closing its seed extension round, paused fundraising to await the court's decision.

Investors and founders in women's health are finding that capital has dried up. And for reproductive health startups, dealmaking struggles are compounded by looming legal battles.
read more
 
Share: Email LinkedIn Twitter Facebook
Carbon fintech records big wins in Q1
Carbon fintech and consumer startups are increasingly popular verticals among climate investors, according to our latest Emerging Tech Research.
  • Carbon and emissions tech startups are showing resilience: These companies logged 212 VC deals totaling $3.6 billion in Q1, a 13% decline in value from Q4, but a 35% jump year-over-year.

  • Green solutions to steel and concrete production are heating up, as are carbon accounting startups serving companies with new ESG pledges.

  • VC investment in energy efficiency is spiking, reaching its highest-ever quarterly value in Q1.
read the preview
 
Share: Email LinkedIn Twitter Facebook
 
A message from BMO Sponsor Finance  
Transaction Trends: Update on fundraising and hot sectors
In the current issue of Transaction Trends, BMO Sponsor Finance examines the private debt fundraising environment, key themes within Technology and Produce Distribution, as well as trends in pricing and capital structures.

To learn more, download the full issue of Transaction Trends. You can also contact Stephen R. Isaacs, Managing Director and Head of BMO Sponsor Finance, at stephen.isaacs@bmo.com.
Share: Email LinkedIn Twitter Facebook
 
Dealmakers prepare to fight antitrust regulators
FTC chair Lina Khan has argued that antitrust increases competition. (Saul Loeb-Pool/Getty Images)
Biden administration regulators are pursuing the most stringent antitrust policy in decades. Their aggressive actions have stifled already weak M&A activity.

But antitrust no longer looks like an insurmountable obstacle to dealmakers. Potential acquirers are increasingly willing to fight the government in court after watching other buyers prevail by litigating deal blocks.
read more
 
Share: Email LinkedIn Twitter Facebook
How the new AI age will shape our tech
A new dawn in tech has arrived, and our recent analyst note examines how generative AI may transform a range of sectors. PitchBook analysts who cover health, ecommerce, fintech, climate tech and more weigh in on the opportunities in this emerging space.
read it now
 
Share: Email LinkedIn Twitter Facebook
Recommended Reads
Fintech company Mercury, which attracted over $2 billion in deposits since SVB fell, is trying to convince startups to stick around. [Fortune]

Democracy and capitalism are supposed to go hand in hand, but the rise of populism is testing corporations' relationship with government. [The New York Times]

Charting out how notable creatives divided up the time in their day. [Visual Capitalist]
 
Ads
Since yesterday, the PitchBook Platform added:
19
VC valuations
1289
People
348
Companies
6
Funds
See what our data software can do
 
The Daily Benchmark:
2012 Vintage North American VC Funds
Median IRR
18.20%
Top Quartile IRR
27.70%
1.29x
Median DPI
Select top performers
Emergence Capital Partners III
Flagship Ventures Fund IV
IA Venture Strategies Fund II
*IRR: net of fees
29 Funds in Benchmark »
Check out the latest version of PitchBook Benchmarks
 
Ads
People  
Linda Yaccarino has been named the new CEO of Twitter. The former advertising chief of NBCUniversal, Yaccarino will replace Elon Musk in six roughly weeks.
 
VC Deals  
Switzerland's NewBiologix, which is developing tech for the manufacturing of gene and cell therapies, has secured a $50 million Series A led by Recipharm.

Sealonix, a startup developing sealants for surgical use, has raised a $20 million Series A led by Excelestar Ventures.

Worldia, a Paris-based travel company, has raised €25 million from investors including Crédit Mutuel Innovation, Red River West and Raise Ventures.

ThreatFabric, a provider of fraud detection software for the financial services industry, has secured €11.5 million in a seed round led by ABN AMRO Ventures and Motive Ventures.

Blockchange Ventures has led a $7.5 million investment in blockchain company Odsy Network.

Cloud gaming startup The Game Company has raised a $5 million pre-seed round at a $40 million valuation.

Music licensing startup Freshsound has raised €2 million in a round led by Zenith Venture Capital and Aligned.
 
PE Deals  
The largest shareholder in Germany's Software AG, Schroders, says Silver Lake's proposed €2.6 billion takeover bid undervalues the company and recommends the board reject it, the Financial Times reported.

A group of investors including Bain Capital, Ares Management and the Abu Dhabi Investment Authority is purchasing a 20% stake in the US wealth management arm of Canada's CI Financial for about $1 billion, The Wall Street Journal reported.

UK-listed online retailer THG has ended takeover talks with Apollo Global Management.

KKR will increase its majority holding in Japanese supermarket chain Seiyu from 65% to 85%.

Daniel Loeb, CEO of hedge fund manager Third Point, is no longer considering an acquisition of NYSE-listed insurance company SiriusPoint, according to reports.

Malta-based Mediterrania Capital Partners has acquired a stake in Laprophan, a Moroccan pharmaceutical company, Private Equity Wire reported.
 
Fundraising  
Grain Management is looking to raise $4 billion for its latest fund, which will make investments of between $100 million and $500 million in North American telecom infrastructure, The Wall Street Journal reported.

Israeli investor Catalyst has closed its fourth flagship fund on $150 million. The vehicle will target growth-stage companies in areas including cybersecurity, life sciences, deep tech and climate tech.
 
Investors  
Blackstone is in talks with multiple US regional banks to enter into partnerships to make loans, which the firm would then funnel to insurance clients, the Financial Times reported.
 
Chart of the Day  
Source: PitchBook's Q1 2023 Crypto Report
 
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.

Key phrases

Older messages

Window shopping for startups

Sunday, May 14, 2023

Plus: SoftBank Vision Fund II's $10B piggy bank, crypto and fintech court consumers, valuations' downward spiral & more Read online | Don't want to receive these emails? Manage your

VC valuations feel the squeeze

Saturday, May 13, 2023

Also: PE's new healthcare play; Carbon fintech and green construction opportunities; Crypto stabilizes after months of decline; The dawn of the AI era Read online | Don't want to receive these

SoftBank's Vision Funds hemorrhage $39B

Friday, May 12, 2023

Unpacking crypto's potential; Survey: VC investors bet on AI; Amino Health bags $80M; enterprise tech exits fall Read online | Don't want to receive these emails? Manage your subscription. Log

Cardiology defies healthcare services slump

Friday, May 12, 2023

Will private debt fill the bank loan void?; synthetic biology energizes agtech; startups seek SAFE notes Read online | Don't want to receive these emails? Manage your subscription. Log in The Daily

VC valuations extend slump

Friday, May 12, 2023

First Citizens vies to retain SVB clients; private market trends at Milken; stormy skies for European fintech valuations; Petal grabs $35M Read online | Don't want to receive these emails? Manage

You Might Also Like

You’re wasting your time on SEO

Thursday, March 28, 2024

94.29% of the web pages indexed in Google generated no organic visitors in the last 30 days. If your traffic curve has flatlined, it's not because SEO isn't working... it's because you'

The YouTube Growth Strategy Mr. Beast, Cocomelon, & Like Nastya Use to Dominate the Internet

Thursday, March 28, 2024

Discover how three YouTubers use inclusive marketing to achieve growth and dominate the internet. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Tell me a story: Work shame

Thursday, March 28, 2024

Acts of professional unkindness ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

How to launch a legendary email newsletter 🐐

Thursday, March 28, 2024

3 years of research and secrets… for free. Trends logo How to launch a legendary email newsletter 🐐 Don't lie — you've read some of our nimble newsletters and said to yourself, “I could make

The Investments Where I’m Going to Lose All My Money

Thursday, March 28, 2024

I've made some pretty good investments but also some that weren't To view this email as a web page, click here saastr daily newsletter The Investments Where I'm Going to Lose All My Money

LP Q&A: Adding value in VC

Thursday, March 28, 2024

Dealmaking slips for healthcare IT; 10 biopharma unicorns likely to go IPO; Celestial AI bags $175M for photonics computing Read online | Don't want to receive these emails? Manage your

How to Make $30,000 a year Blogging (PLUS How to Become a Prolific Content Creator)

Thursday, March 28, 2024

Hello Reader! How's your blogging week been? Ever dreamt of making a living through blogging but feel overwhelmed by the journey ahead? You're not alone. Many aspiring bloggers share the

The 10 must-haves for every website...

Thursday, March 28, 2024

There are a lot of success factors for marketing websites. Many of them are must-have requirements for digital marketing success. There are at least 10 of them that made it on our checklist of web

Do You Want To Be Liked or Loved?

Thursday, March 28, 2024

When the leader makes everyone aware of the reasons they are being pushed, then love enters the relationship. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Marketing Headwinds ⛈️

Thursday, March 28, 2024

How to weather 2024's perfect storm. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌