PitchBook News - VCs flock to enterprise healthcare

Read online | Don't want to receive these emails? Manage your subscription.

Log in

The Daily Pitch: VC

February 10, 2021

Like our newsletter? The data comes from the PitchBook Platform — our data software for VC, PE and M&A

Ads

Today's Top Stories

Digital prescriptions, pandemic mitigation and the future of enterprise healthtech

The enterprise health & wellness tech sector ended 2020 on a high note, increasing its capital raised by 60% in Q4 over Q3. The $3.2 billion in venture funding marked the largest quarterly figure of the last five years, and it brought the year's total VC funding for the sector to $8.3 billion—up nearly 70% year-over-year despite a relatively flat deal count.

Venture activity has spiked as the push for patient-driven care accelerates digital adoption, and the size of the enterprise healthtech industry is projected to reach $1.3 trillion by 2025, according to our latest Emerging Tech Research report. Other highlights include:

The largest share of VC funding in 2020 went to the operations and care management segment, which raised $5.3 billion

Prescription tech is the fastest-growing segment of enterprise health & wellness, driven by better digital infrastructure, rising demand and the need to reduce medication errors

The venture ecosystem will be a vital incubator for tech that can help mitigate the impacts of future pandemics, a mission that governments and NGOs are expected to prioritize

read the preview

Share:

Job market outlook for 2021: More hiring and more remote workers

(Julia Midkiff/PitchBook News)

It's been almost a year since many companies pivoted to a remote workforce. Now, they're preparing for a hiring spree that is expected to be a blend of remote and on-site employees.

Of the more than 200 respondents to a new J.Thelander Consulting-PitchBook survey, almost 90% of private companies said they are hiring this year.

More than 80% of US employers said the shift to remote work has been successful for their company.

Many startups could face an upheaval later this year, as employees seek out jobs with companies that allow remote or more flexible work models.

Share:

A message from InCloudCounsel

Transform your fund documents into insight

InCloudCounsel

Agreeing to obligations is one thing; meeting them is another. Fund managers—along with legal and compliance teams, finance departments, investor relations organizations and investors themselves—are deeply invested in ensuring that obligations outlined in side letters, limited partnership agreements and other complex fund documentation are reliably met.

Failure to meet your fund obligations is not an option.

Join InCloudCounsel on March 17, as they unveil Insight, a purpose-built fund obligation management solution designed to modernize your fund management processes and transform your contracts into actionable insights.

During this event, attendees will hear from Troy Pospisil, InCloudCounsel CEO & Founder, and Miles Chan, VP/GM of Insight, on how to strengthen investor trust, drive organizational accountability, and save time and money.

There are limited spots available, so RSVP today.

Share:

Recommended Reads

Several major private equity investors were set to cash in on Ant Group's mega-IPO. But after the listing was called off, those firms are left to play the waiting game. [The Wall Street Journal]

China's Great Firewall is probably the world's most sophisticated online censorship system. But for a few brief days, Clubhouse was able to break through. [The New York Times]

How the COVID-19 pandemic broke Nextdoor. [Recode]

Since yesterday, the PitchBook Platform added:

14

VC valuations

1443

People

404

Companies

32

Funds

See what our data software can do

Quick Takes


	The Daily Benchmark
	2015 Vintage Global Venture Funds
	VC Deals
	Branded brings in $150M
	GrubMarket picks up $90M
	Emergency response startup RapidSOS secures $85M
	Jüsto raises $65M
	Drug Farm collects $56M
	Exits & IPOs
	Fuel-cell startup Hyzon strikes SPAC deal
	LiveRamp set to acquire VC-backed cloud data startup
	SentinelOne to purchase Scalyr
	Fundraising
	Eniac Ventures lands $125M for Fund V

The Daily Benchmark

2015 Vintage Global Venture Funds

Median IRR

15.99%

Top Quartile IRR Hurdle Rate

21.73%

1.44x

Median TVPI

Select top performers

PICO Opportunity Fund I

Vertical Venture Partners Fund I

PICO Venture Partners

*IRR: net of fees

65 Funds in Benchmark »

Check out the latest version of PitchBook Benchmarks

VC Deals

Branded brings in $150M

Ecommerce startup Branded has raised $150 million in a round led by Target Global, with participation from investors including Declaration Partners, Tiger Global and Kreos Capital. Founded in 2020, the Berlin-based startup provides a consumer products platform that partners with third-party seller brands on Amazon and other online marketplaces. Branded focuses on products in the home, lifestyle and leisure sectors.

Additional Investors:

Kima Ventures, Lurra Capital, Regah Ventures, Vine Ventures

View similar company »

GrubMarket picks up $90M

GrubMarket has raised a $90 million Series D from investors including BlackRock, Trinity Capital Investment, Madison Bay Capital Partners, Marubeni Ventures and GGV. The San Francisco-based startup offers an online marketplace for farm-fresh food; it plans to use the funding in part to expand across North America.

Select Additional Investors:

Celtic House Venture Partners, Reimagined Ventures, Sixty Degree Capital

View 13 competitors »

Emergency response startup RapidSOS secures $85M

RapidSOS has raised an $85 million Series C led by Insight Partners. The New York-based company is the developer of an emergency response data platform designed to connect citizens with first responders and manage cases in real time.

View 17 competitors »

Jüsto raises $65M

Jüsto has secured a $65 million Series A led by General Atlantic, with participation from investors including Foundation Capital and Mountain Nazca. The company operates an online supermarket offering grocery delivery to customers throughout Mexico and Latin America.

View similar company »

Drug Farm collects $56M

Biotech startup Drug Farm has raised $56 million ahead of clinical trials for its treatment of hepatitis B and other liver diseases. The company, which has dual headquarters in the US and China, is backed by investors including BioVeda China Fund, WuXi AppTec, South China Venture Capital, Detong Capital and Zhejiang United Investment Group.

View similar company »

Exits & IPOs

Fuel-cell startup Hyzon strikes SPAC deal

Hyzon Motors, a developer of commercial vehicles powered by hydrogen fuel cells, has agreed to merge with a SPAC called Decarbonization Plus Acquisition, giving the New York-based startup an enterprise value of $2.1 billion. Hyzon raised a funding round last October that was led by French energy giant Total.

View similar company »

LiveRamp set to acquire VC-backed cloud data startup

Data connectivity specialist LiveRamp has agreed to buy DataFleets, the provider of a cloud data platform that provides analysis tools and data silo unification. Based in Palo Alto, DataFleets has raised prior funding from investors that include Lightspeed, LG Technology Ventures and Morado Ventures.

View similar company »

SentinelOne to purchase Scalyr

Cybersecurity company SentinelOne has agreed to buy Scalyr for $155 million in stock and cash. San Mateo, Calif.-based Scalyr was last valued at $155.5 million following a fundraising round in 2018, according to PitchBook data. The startup provides a cloud-based log analytics platform and has previously received backing from Shasta Ventures, Bloomberg Beta and Susa Ventures, among others.

View 37 competitors »

Fundraising

Eniac Ventures lands $125M for Fund V

Seed-stage tech investor Eniac Ventures has raised $125 million in commitments for its fifth flagship fund. The VC firm plans to add six more members to its team in 2021. Operating out of New York and San Francisco, Eniac recently made investments in edtech startup Brightwheel, identity verification company Alloy, and Attentive, which makes software for text message marketing. Eniac raised $100 million for its fourth namesake fund in 2017.

View 146 investments »

Chart of the Day

Source: PitchBook's Q3 2020 US PE Middle Market Report

About PitchBook | Terms of use | Advertise with us | Contact

Follow us:

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.

© 2021 PitchBook Data. All rights reserved.
Venture capital, private equity and M&A financial information technology provider.

Older messages

SPACs give electric air taxis a lift

Saturday, February 13, 2021

US won't force through TikTok deal; Rivian eyes $50B valuation in coming IPO; Self-driving truck startup lands $200M; Stir valued at $100M in Series A Read online | Don't want to receive these

The latest trends and developments in US private equity through 2020

Saturday, February 13, 2021

Take a look at how US PE trends fared through 2020 Report 2020 Annual US PE Breakdown The 2020 annual edition of the US PE Breakdown unpacks the key trends that shaped private equity deals, exits, and

Where are the exits in edtech?

Saturday, February 13, 2021

Thrive Capital lands $2B across two funds; Rover tracks down $1.35B SPAC deal; Oncology startup secures $80M; India's BharatPe banks $108M Read online | Don't want to receive these emails?

Reddit seizes its moment

Tuesday, February 9, 2021

SoftBank lays 'golden eggs'; More access to alt investments; Insurtech going public; TikTok's ecommerce expansion Read online | Don't want to receive these emails? Manage your

Bitcoin bull run drives a blockchain revival

Monday, February 8, 2021

Thrasio races to $750M fundraising; The digital future of foodtech; Edtech startup Class lands $30M+; Bolt Biotherapeutics raises $230M in IPO Read online | Don't want to receive these emails?

You Might Also Like

Today: 41% OFF on Ubersuggest + AnswerthePublic

Thursday, November 28, 2024

Get 5 Months Free with Ubersuggest + AnswerThePublic ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

🎁 Advise.so Black Friday Give Away

Thursday, November 28, 2024

Did you think our BFCM Advise deal couldn't get any better? In addition to the best price you'll ever join Advise on ever again, me and Sean are giving away some cool stuff on December 3rd,

1 Speech and 1 Meetup in CMSEO

Thursday, November 28, 2024

Updates for the Holistic SEO Community ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🕵️ Three hours left for 35%, then 20%, then nothing

Thursday, November 28, 2024

Plus a special surprise ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

96 Hours Only: Master Product Development & Marketing at Half Price

Thursday, November 28, 2024

Hey Reader, Our biggest deal of the year is here! For the next 96 hours, get 50% off our top courses and unlock the secrets to building a thriving business importing best-selling products from China

The Three Months of Growth Rule in Raising Venture Capital

Thursday, November 28, 2024

And the rise of vertical SaaS To view this email as a web page, click here saastr daily newsletter “The Three Months of Strong Growth” Rule in Raising Venture Capital By Jason Lemkin Wednesday,

🧠 Google Search Becoming More Personalized?

Thursday, November 28, 2024

GM nerds, Welcome back to the newsletter that is stuck between dunking on & trying out this advice: HMU with the results, fam. Here's what's good this week: → The DL on GEO 👀 → Brand

Planes, Trains, and Automobiles: Timeless Lessons for Thanksgiving

Thursday, November 28, 2024

As we gather with loved ones this Thanksgiving and holiday season, "Planes, Trains, and Automobiles" reminds us of the timeless importance of connection, empathy, and joy. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

What publishers can be thankful for this year

Thursday, November 28, 2024

In honor of the Thanksgiving holiday, here are some things the media industry can be thankful for. November 28, 2024 PRESENTED BY What publishers can be thankful for this year In honor of the

Hack persuasive copywriting

Thursday, November 28, 2024

Every year we bring the highest quality software to RocketHub for an insane BFCM event. This year is no different! BFCM starts now so check the page below for one new lifetime deeaaal drop each day.