PitchBook News - Data startups tackle office uncertainty

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

PitchBook

Log in

The Daily Pitch: VC

April 5, 2021

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

Today's Top Stories

From WFH to WF?: Data startups tackle office uncertainty

(Luis Alvarez/Getty Images)

As office workers tiptoe back to their desks, they're likely to encounter a new suite of software and sensors that will become a staple of the post-COVID workplace.

Employers are ripping up the real estate playbook, but they'll need buckets of data to manage a flexible office, investors say.

The transition has given lift to space reservation systems, sensors that track people anonymously and an array of health tools.

Real estate tech startups are up for the challenge, following record VC investment and a year of carefully calibrated preparations.

Recommended Reads

Sports betting is legal in nearly half of US states. But recovery experts fear the risk of addiction is not being adequately addressed. [The New York Times]

Clubhouse's social media app has been downloaded 12 million times since its 2020 debut. And its competitors are racing to create copycats. [Fortune]

There is strong evidence that creative insights are more likely to occur when the mind is encouraged to wander freely. [BBC]

Since yesterday, the PitchBook Platform added:

79

People

15

Companies

See what our data software can do

Quick Takes


	The Daily Benchmark
	2017 Vintage Global Venture Funds with less than $250M
	People
	Thrasio brings on former JCPenney exec as CFO, adds to Series C
	VC Deals
	Next Insurance secures $4B valuation with latest funding
	Stord raises $65M
	Holler books $36M Series B
	Aclaimant picks up $15M Series B

The Daily Benchmark

2017 Vintage Global Venture Funds with less than $250M

Median IRR

12.10%

Top Quartile IRR Hurdle Rate

26.00%

1.19x

Median TVPI

Select top performers

Alta Partners NextGen Fund I

Forerunner Builders I

Maven Ventures Fund II

*IRR: net of fees

31 Funds in Benchmark »

Check out the latest version of PitchBook Benchmarks

People

Thrasio brings on former JCPenney exec as CFO, adds to Series C

Bill Wafford has joined Thrasio as the Massachusetts-based consumer goods company's new CFO. Wafford was most recently CFO at JCPenney and has previously held senior roles at Walgreens and KPMG. Thrasio, which is an acquirer of Amazon third-party brands, has also added $100 million to its Series C round. The company raised $260 million at a $1.26 billion valuation in July, according to PitchBook data.

View details

VC Deals

Next Insurance secures $4B valuation with latest funding

Next Insurance, a provider of insurance products for small businesses, has increased its valuation to $4 billion after closing a $250 million round led by FinTLV Ventures and Battery Ventures. CapitalG, Group 11, Zeev Ventures, Founders Circle and G Squared also participated in the financing. This round brings the insurtech startup's total private backing to more than $880 million. Next Insurance was valued at over $2.2 billion after raising a $250 million round in September, according to PitchBook data.

View round

View 13 competitors »

Stord raises $65M

Stord, an Atlanta-based provider of software for distribution logistics, has raised a $65 million Series C led by Bond. Joining the deal were Lineage Logistics, Salesforce Ventures and existing investor Founders Fund.

View round

View 2 competitors »

Holler books $36M Series B

Holler has raised $36 million in a round co-led by CityRock Venture Partners and New General Market Partners. Founded in 2011, the New York-based company is the developer of a messaging platform that uses AI to offer conversational recommendations.

Select Additional Investors:

Interplay Ventures, Gaingels, WorldQuant Ventures

View round

View 2 competitors »

Aclaimant picks up $15M Series B

Aclaimant has raised $15 million in debt and equity funding led by Next Coast Ventures. The Chicago-based company is the developer of a risk management platform intended to process claims and automate safety workflows.

Additional Investors:

Aspen Capital Group, KEC Ventures, Mercury Fund, Royal Street Ventures

View round

View similar company »