A key VC ecosystem thrives amid COVID-19

VCs to sell Israeli startup to Intel; 3D-printed meat startup secures $7M; Podcasting startup raises seed round; Thematic investing pays off for PE
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: VC
November 5, 2020
Like our newsletter? The data comes from the PitchBook Platform — our data software for VC, PE and M&A
Today's Top Stories
Deal activity persists amid the pandemic in a key European ecosystem
Private equity investors logged €67 billion worth of deal value across Austria, Germany and Switzerland through the first nine months of 2020, a higher sum than in three of the past four full years. VCs, meanwhile, completed €6.3 billion worth of deals through the end of September, more than in nine of the past 10 full years.

The region has turned into an increasingly key part of the European ecosystem over the last decade. And it is displaying impressive resilience in the midst of a global health crisis.

PitchBook's 2020 DACH Private Capital Breakdown offers a detailed picture of the latest data and trends from the three nations—including a look at why exit activity hasn't been keeping up with dealmaking:
read it now
 
Share:   Email    LinkedIn    Twitter    Facebook
Thematic investing pays off for PE
CEO Kewsong Lee said high-growth sectors like healthcare and tech were key to The Carlyle Group's Q3. (John Lamparski/Getty Images)
Another earnings season is in the books for the biggest publicly traded private equity firms. How did they fare in the third quarter of a year unlike any other?

Our latest analyst note ties together some common threads from Blackstone, KKR and other major firms' latest quarter, including their lucrative emphasis on thematic investing. The note also examines the growing popularity of permanent capital vehicles and lays out a quantitative look at how the firms compare across fee-related earnings, assets under management and more:
read it now
 
Share:   Email    LinkedIn    Twitter    Facebook
A message from gener8tor & ECMC Group
Unveiling the Education & Workforce Innovation Investment Trends Report
gener8tor
Join gener8tor and ECMC Group on Nov. 19 as they unveil the PitchBook x OnRamp Education & Workforce Innovation Investment Trends Report highlighting notable investment activity between CVCs, VCs and startups.

gener8tor and ECMC Group developed the OnRamp Education & Workforce Innovation program with the goal of seeding innovation and facilitating connections between edtech and future-of-work startups, corporations and investors. We hosted the first conference virtually this year and were joined by 49 corporate partners and over 250 startups, facilitating nearly 450 one-on-one pitch meetings.

As a part of our ongoing efforts to highlight innovation and capital in the education and workforce landscape, we are proud to partner with PitchBook to present the inaugural 2020 Education & Workforce Innovation Investment Trends Report, featuring:
  • 2020-2021 investment trends
  • Ranking of the most active education and workforce innovation investors
  • Startups to track
Register for the webinar, to be held on Thursday, Nov. 19, from 12 p.m.-1 p.m. CT.
Share:   Email    LinkedIn    Twitter    Facebook
Recommended Reads
For an unlucky few, COVID-19 has turned into a monthslong health nightmare. The disease's curious longevity is a mystery doctors are just beginning to crack. [The Wall Street Journal]

A tale of outlaw bikers, opioids and a doctor from suburban Philadelphia whose pursuit of the high life turned into a tragedy. [HuffPost]

TikTok has become the media platform of choice for millions of younger Americans. So on election night, TikTok was where they turned. [The New York Times]
Ads
Since yesterday, the PitchBook Platform added:
17
VC valuations
1522
People
387
Companies
10
Funds
See what our data software can do
 
Quick Takes
  The Daily Benchmark  
  2015 Vintage Global Buyout Funds  
  VC Deals  
  Meat Tech gets $7M for 3D-printed meat  
  Podcastle records $1.7M+ round  
  Exits & IPOs  
  Intel secures VC-backed AI startup Cnvrg.io  
 
 
The Daily Benchmark
2015 Vintage Global Buyout Funds
Median IRR
13.80%
Top Quartile IRR Hurdle Rate
20.26%
1.31x
Median TVPI
Select top performers
Gridiron Capital Fund III
Main Capital IV
Francisco Partners IV
*IRR: net of fees
104 Funds in Benchmark »
Check out the latest version of PitchBook Benchmarks
Ads
VC Deals
Meat Tech gets $7M for 3D-printed meat
Meat Tech 3D, a startup developing technology to produce 3D-printed meat, has raised $7 million in a round led by Psagot. Last week, the Israeli company confidentially filed for an IPO. Meat Tech is developing a bioprinter that would use animal cells and nutrients to create cultured meat.
View round
 
View similar company »
 
Podcastle records $1.7M+ round
Podcastle, the developer of a streaming platform and podcast creation tools, has picked up $1.75 million in seed funding led by Sierra Ventures. Andrew Ng's AI Fund and Correlation Ventures also contributed to the round. After a successful launch earlier this year, the startup plans to add more features to make it easier to create podcasts. So far, Podcastle has raised a total of $2 million in private funding.
View round
 
View similar company »
 
Exits & IPOs
Intel secures VC-backed AI startup Cnvrg.io
Intel has acquired Cnvrg.io, the developer of a machine learning-powered platform designed to build AI models more efficiently, according to TechCrunch. The Israel-based company raised an $8 million round last year from investors including Jerusalem Venture Partners and Hanaco Venture Capital that valued it at $17.8 million, according to a PitchBook estimate.
View details
 
View similar company »
 
Chart of the Day
"The sheer volume of SPAC launches is unprecedented, with 2020 values already topping any other year on record. The structure of many SPACs, whereby founder shares equal to 20% of the SPAC's value post acquisition (known as the 'promote') are purchased for a nominal sum by the SPAC sponsor, may incentivize SPACs to finalize a deal above all else."

Source: PitchBook's Q3 2020 US PE Breakdown
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.

© 2020 PitchBook Data. All rights reserved.
Venture capital, private equity and M&A financial information technology provider.

Older messages

Split decision for tech in US vote

Wednesday, November 4, 2020

VCs set new fintech record; Ant's IPO on hold; Microsoft joins $100M round in Indonesia; Fast eyes funding at $1B valuation Read online | Don't want to receive these emails? Manage your

Record-setting bet on 2020 vote

Tuesday, November 3, 2020

Sizing up GP stakes; Fundraising exemptions eased by SEC; Exodus unfolds at Vision Fund Read online | Don't want to receive these emails? Manage your subscription. PitchBook Log in The Daily Pitch:

Election draws record donations from VCs

Monday, November 2, 2020

The future of immigrant entrepreneurship; VC trends for Europe's female founders; Juul's valuation keeps sinking; Conductor collects $150M, eyes IPO Read online | Don't want to receive

Whoop's wearables win over sports stars

Sunday, November 1, 2020

Kevin Durant and Patrick Mahomes helped make Whoop a unicorn, which joins chip deals, earnings updates and more in our recap of the week Read online | Don't want to receive these emails? Manage

European VC could break records in 2020

Thursday, October 29, 2020

Gaming funding continues to soar in 2020; Wearables startup Whoop lands $100M; a16z hires former NYSE regulator; Root falls flat in market debut Read online | Don't want to receive these emails?

You Might Also Like

‘We found the thing that gives us joy’: Microchild on the microverse, music, and shared language

Wednesday, March 12, 2025

The wife and husband pair of Shannon Sengebau McManus and Jonathan Camacho Glaser are souls behind the band Microchild. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🦅 Reminder: Masterclass with Jesse Pujji

Tuesday, March 11, 2025

At 1:00 PM Eastern Time (US and Canada) ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

[Webinar tomorrow] Canadian? How to Grow Your Amazon FBA Business as a Canuck

Tuesday, March 11, 2025

Hey Reader, Are you a Canadian? No? Well, you should never skip a single line on an EcomCrew email but this is one exception and you can continue with your day. Yes? Then congratulations on hitting the

The state of ad serving for brands and agencies

Tuesday, March 11, 2025

How ad-serving technology is changing and unlocking new opportunities ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

♟️ OpenAI's smart chess move!

Tuesday, March 11, 2025

Guess who's sweating? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

March Madness is here: Tap into the hype with these marketing plays

Tuesday, March 11, 2025

And more insights to drive smarter social strategies and ROI ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

ET: March 11th 2025

Tuesday, March 11, 2025

Exploding Topics Logo Presented by: Exploding Topics Pro Logo Here's this week's list of rapidly trending topics, insights and analysis. Topic #1 Gruns (trends) Chart Gruns is a DTC startup

If SEO is dead…

Tuesday, March 11, 2025

Here's a surefire way to fall behind your competition: Declare SEO as dead and stop optimizing your content. Sure, the strategies that worked five years ago may not work today, but businesses that

Niche = $$$

Tuesday, March 11, 2025

Why Your Tiny Newsletter Could Be an Advertiser's Dream ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Founder Institute targets first VC fund

Tuesday, March 11, 2025

Startups join the M&A big leagues; Hinge Health files for IPO; stablecoin surges with regulation in play; VC-backed IPOs give up post-election gains Read online | Don't want to receive these