Opportunities in remote health monitoring

Poolside AI eyes $450M led by Bain Capital Ventures; crypto dealmaking springs back; 6 charts showcase French VC trends
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: VC
May 31, 2024
The Daily Pitch is powered by PitchBook’s industry-defining research and best-in-class data
In today's Daily Pitch, you'll find:
 
Today's Top Stories  
Can investors create value in remote patient monitoring?
Technologies that enable doctors to monitor patients' health between office visits promise to improve health outcomes, particularly for those with chronic conditions. This highly fragmented remote monitoring segment is ripe for consolidation, according to our latest Healthcare IT Report, with opportunities for investors to create scale and improve efficiency.

But there are hurdles, including buy-in from doctors, who struggle to integrate longitudinal care into their normal workflows.
read the preview
 
Share: Email LinkedIn Twitter Facebook
Bain Capital Ventures in talks to lead Poolside AI's $450M funding round
(SOPA Images/Getty Images)
Poolside AI, a Paris-based startup developing a specialized large language model for software developers, is in talks to raise $450 million, according to a person with knowledge of the deal.

The round is being led by Enrique Salem, an infrastructure software investor at Bain Capital Ventures, according to two people with knowledge. BCV participated in the company's seed round in 2023.
read more
 
Share: Email LinkedIn Twitter Facebook
 
Crypto dealmaking springs back
Crypto dealmaking may finally be bouncing back, with quarterly deal value ticking upward for the first time since 2021, according to our recent Emerging Tech Research. In Q1 2024, $2.4 billion was generated across 518 deals—quarter-over-quarter increases of over 40% and nearly 45%, respectively.

Senior analyst Robert Le highlights the factors pushing the sector forward, along with new areas of focus for investors. These include startups specializing in data integrity and privacy, as well as blockchain tech for social media.
read the preview
 
Share: Email LinkedIn Twitter Facebook
Sluggish start: Q1 French VC trends in 6 charts
(Alexander Spatari/Getty Images)
After a muted 2023, VC dealmaking in France has had a slow start to the year with exit and fundraising activity falling below recent levels.

These six charts illustrate the key VC trends in France during the first three months of the year.
read more
Share: Email LinkedIn Twitter Facebook
Ranking the most active investors of Q1
Our interactive Global League Tables are now available for Q1 2024, covering the full range of private market activity. We rank everything from the most active law firms in the venture universe to the busiest PE investors by region. Who made the leaderboard?
see the rankings
Share: Email LinkedIn Twitter Facebook
 
Since yesterday, the PitchBook Platform added:
11
VC valuations
2507
People
946
Companies
48
Funds
See what our data software can do
 
The Daily Benchmark:
2019 Vintage Global VC Funds with more than $250M
Median IRR
12.48%
Top Quartile IRR
22.03%
0.02x
Median DPI
Select top performers
XVC Fund II
GreatPoint Ventures Innovation Fund II
Column Group IV
*IRR: net of fees
33 Funds in Benchmark »
Check out the latest version of PitchBook Benchmarks
 
VC Deals  
Zenobē, a London-based provider of battery storage services for electric vehicle fleets, secured £410 million in debt financing.

Sedemac, an Indian provider of motor and engine controls, raised $100 million in a round led by Xponentia Capital, A91 Partners and 360 One.

Cincinnati-based biotech startup CinRx Pharma raised a $73 million round. CinRx has a portfolio of five companies including CinCor, which was acquired by AstraZeneca last year.

London-based FintechOS closed a $60 million Series B+ led by Molten Ventures, Cipio Partners and BlackRock for its financial product management platform.

Stockholm-based climate-focused fintech startup Doconomy completed a €34 million Series B led by UBS Next and CommerzVentures.

Maven AGI, a Boston-based generative AI startup focused on the customer support industry, raised $28 million from investors including M13, Lux Capital and E14 Fund.

Madrid's Ifeel, which offers a mental health platform for enterprises and insurance companies, raised $20 million in a round led by FinTLV Ventures and Korelya Capital.

Saudi Arabia-based agtech startup Iyris secured a $16 million Series A led by Ecosystem Integrity Fund.
 
PE Deals  
Brookfield and Temasek are in exclusive talks to buy French renewable power producer Neoen at a €6.1 billion valuation.

Kartesia bought a controlling stake in Hotelatelier, an urban boutique hotel operator based in Madrid, PE Hub Europe reported.

UK middle-market investor Bowmark Capital has invested in Eque2, which provides enterprise resource planning software to the construction industry. The deal will result in a partial exit for 2020 investor WestBridge.

New York-based buyout firm Hudson Glade acquired Quality First Home Improvement, an essential home services provider.

Essential Turbines, which specializes in maintenance, repair and overhaul of helicopter engines, received a strategic investment from Swift Anchor.

Dominus Capital has recapitalized Safe Haven Defense, a security window film provider.

Infrastructure investor Homecoming Capital made a $50 million investment in Clean Energy Terminals, a project developer of offshore wind port infrastructure.

Angeles Equity Partners acquired O'Hara's Son Roofing, a commercial and industrial roofing provider.
 
Exits & IPOs  
UK-based Synova has agreed to sell travel insurance data specialist InsurEvo Group to NSM Insurance Group, a US-headquartered specialist insurance provider.

Brussels-based middle-market firm Apheon has exited its majority stake in Dolciaria Acquaviva, an Italian producer of frozen bakery products, to Belgian family-owned food group Vandemoortele.

IK Partners has agreed to invest in BIOBank, a French provider of bone grafts for orthopedic surgery from Verto Growth and Capital Croissance.

BastionZero, which offers a platform for zero-trust infrastructure access, has been acquired by Cloudflare.

Cloud-based clinical data management platform Algorics has been acquired by Precision for Medicine.

Bay Area-based Split, a feature management software startup, has been acquired by Harness.
 
Fundraising  
Switzerland-based PE firm Eevolve announced a €372 million close of its first fund, which will target Swiss small and medium-sized enterprises.

Indian early-stage consumer VC firm RPSG Capital Ventures closed its second fund on roughly $66 million.
 
Corporate M&A  
Sony Music is in talks to buy the music catalog of UK rock band Queen, according to reports. Earlier this month, the music and entertainment group incorporated a vehicle called Rock Bidco.
 
Chart of the Day  
Source: Q1 2024 US VC Valuations 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.

PitchBook Data Inc., 901 Fifth Avenue, Suite 1200, Seattle WA 98164, United States

© 2024 PitchBook. Win what's next. All rights reserved.

Older messages

PE's math doesn't add up

Monday, June 3, 2024

Also: Surveying 53 VCs on market sentiment and more; Repricings hit record high for volume; Public PE firm fundraising being carried by private credit Read online | Don't want to receive these

AI safety takes a back seat

Monday, June 3, 2024

Plus: PE giants search for greener pastures, why there's no buyout boom, VC finds new optimism & more Read online | Don't want to receive these emails? Manage your subscription. Log in The

Fundraising's blue-chip firm fixation

Thursday, May 23, 2024

Thiel's Valar closes on smaller, $300M fund; another new PE tie for Europe's soccer league; Farcaster banks $150M Series A Read online | Don't want to receive these emails? Manage your

Defense tech's $1B+ week

Wednesday, May 22, 2024

Hydrogen good as gold to cleantech VCs; exclusive: a $6B target for healthcare; AltruBio bags $225M Series B for cancer treatments Read online | Don't want to receive these emails? Manage your

PE's rep at risk in healthcare roll-ups

Tuesday, May 21, 2024

France's wins, losses; Anduril seeks $1.5B for defense tech; Thoma Bravo's $1.5B+ cybersecurity exit Read online | Don't want to receive these emails? Manage your subscription. Log in The

You Might Also Like

🎯 Stop Planning Your Goals Like An Amateur

Monday, December 23, 2024

Here's how to actually crush 2025 while everyone else is nursing their hangover... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🌁#81: Key AI Concepts to Follow in 2025

Monday, December 23, 2024

Plus – we become Hugging Face's residents 🤗 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The best countries to manufacture your product [Roundup]

Monday, December 23, 2024

Here's your chance to win our best-selling "How to Find a Product to Sell on Amazon" course for FREE by answering our Amazon Software Poll. Hey Reader, Want to start sourcing from places

This "Boring" Website Makes $35k/month + A Special Deal

Monday, December 23, 2024

I'm always fascinated by different types of websites and how they make money. I recently ran across a website on such a boring subject, it got me thinking...maybe boring is a great way to make

How brands leverage commerce media for seasonal success in 2025

Monday, December 23, 2024

How diversifying ad placements reveals untapped revenue opportunities ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Holiday Special: Lifetime Access for Less Than $1/Day

Monday, December 23, 2024

Make 2024 Your Year – Special Holiday Deal ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Create a LinkedIn funnel from personal posts

Monday, December 23, 2024

Today's Guide to the Marketing Jungle from Social Media Examiner... Presented by social-media-marketing-world-logo It's National Pfeffernuesse Day, Reader! Who wants a delicious and spicy

New SEO strategies for 2025

Monday, December 23, 2024

60% of Google searches result in no clicks. Zero. With AI integration, that number could become even higher. I'll show you how to adjust your strategy so you can capitalize on these shifts in our

Can We Mine Bitcoin In Space With Solar Panels?

Monday, December 23, 2024

To investors, ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

AI keeps its grip on early-stage deals

Monday, December 23, 2024

Playground Ventures pares flagship fund size again; ecommerce startups ring up a funding surge; is 2025 the year of the industrials revival? Read online | Don't want to receive these emails? Manage