Credit Suisse breaks with SoftBank, a psychedelics startup soars, and an instant cure for hiccups

June 18, 2021
 
Hope you have a great weekend, everyone. Happy Juneteenth! Also wishing many of you a most excellent Father's Day.:)
Top News
High hopes for Johnson & Johnson's Covid vaccine have fizzled in the U.S., owing to production problems, a brief pause and conspiracy theories embraced by millions of Americans who remain skeptical of vaccines. 
 
U.S. stocks fell today, with the Dow Jones Industrial Average posting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.
Sponsored By ...
 
TopFunnel helps teams hire the right people, faster and more cost effectively than traditional means. TopFunnel unlocks sourcing automation at scale for startups up to teams over 100,000. Empower founders, execs, and recruiters to source and schedule like pros. See the Talent TAM, benchmark vs the competition, track diversity, and execute on your goals. StrictlyVC readers get $10k of credits.
Massive Fundings
 
BharatPe, a three-year-old, India-based  company that has simplified accepting payments from 100-plus mobile apps on India’s UPI network, by offering businesses a single interoperable QR sticker, is reportedly in talks to raise $250 million in Series E funding led by Tiger Global Management, just four months after closing its Series D round. TechCrunch has more here.
 
Lenz Therapeutics, an eight-year-old, San Diego-based developer eye drops for improving near vision (the company was formerly known as Presbyopia Therapies), raised $47 million in fresh funding from Versant Ventures and RA Capital Management. FierceBiotech has more here.
 
Big-But-Not-Crazy-Big Fundings
 
Xeneta, a nine-year-old, Oslo, Norway-based ocean and air freight rate benchmarking platform and container shipping index, has raised $28.5 million in Series C funding at a post-money valuation of just more than $130 million valuation, it says. Lugard Road Capital led the round, joined by Creandum and Investinor. The company has now raised $49 million altogether, including from Smedvig Capital, Point Nine Capital and Alliance Venture. More here.
 
Smaller Fundings
 
Crediverso, a two-year-old, L.A.-based startup that's launching a platform this summer aimed a the growing Hispanic community and which plans to offer financial products and services in English and Spanish, has raised $3.1 million in seed funding. Backers in the round include Bessemer Venture Partners, Act One Ventures, Point 72 Ventures and Clocktower Ventures. Crunchbase News has more here.
 
Curate, a 5.5-year-old, St. Louis, MO-based startup that sells sales and operations software small businesses, has raised $1.25 million in seed funding led by OCA Ventures, with additional funding from Square cofounder Jim McKelvey, Cultivation Capital and Stout Street Capital. Crunchbase News has more here.
 
Markerr, a months-old, New York-based data and insights platform for commercial real estate, has raised $5 million in Series A funding. RET Ventures led the round, joined by Continental Realty Corp. and Twin Shores Capital. Founder and CEO Brian Lichtenberger sold his last company to Vista Equity Partners in 2018. More here.
New Funds
 
Commerce Ventures, an eight-year-old, San Francisco-based venture firm focused largely on retail tech and fintech startups, says it has closed its fourth fund with more than $150 million in capital commitments, more than twice the size of its last fund. More here.
Going Public
 
Shares of three-year-old Atai Life Sciences B.V., backed by billionaire investors Peter Thiel and Steve Jurvetson, surged 40% in their U.S. stock market debut today, giving the German psychedelics startup a market capitalization of $3.19 billion. Investors Business Daily has more here.
 
Krafton, the South Korean company behind blockbuster video game "PlayerUnknown's Battlegrounds", said earlier this week that it's IPO on the Korea Stock Exchange will raise up to 5.6 trillion won ($5 billion) at the top of an indicative range, which would be a record for the country. Reuters has more here.
People
 
Goldman Sachs has begun trading bitcoin futures with Galaxy Digital, the crypto merchant bank founded by Mike Novogratz
 
The Winklevoss twins have started a band.
Data
 
Europe’s tech sector has already attracted more venture capital investment so far this year than it did throughout the whole of 2020, according to data shared with CNBC. Start-ups in the continent have raised a whopping 43.8 billion euros ($60.9 billion) in the first six months of 2021, figures from Dealroom show, easily surpassing the record 38.5 billion euros invested in 2020. More here.
Sponsored By ...
 
Anduin’s dedicated document sharing solution was designed simply and explicitly for private market fundraising. We’ve selectively packaged only those best-in-class data room features that fund managers need into a modern and clean interface. Be deal ready in minutes, and impress prospective investors with custom landing pages and advanced white labelling options. Our page-by-page analytics and engagement data helps you to focus on the right people to drive your deal forward. Arrange a demo today!
Essential Reads
 
Credit Suisse and SoftBank CEO Masayoshi Son recently dissolved a longstanding personal lending relationship and the bank clamped down on transactions with his company, according to to the WSJ. It reports the move followed the collapse of SoftBank-backed Greensill Capital in March plunged Credit Suisse into turmoil. More here.
 
Lobbyists representing large tech companies such as Facebook are facing a tough crowd in Congress and the White House.
Detours
 
An instant cure for hiccups?
 
“You were in a car accident,” they tell me again.
 
Dave Chapelle's freewheeling podcast.
 
15 Hours and 9 Waffles Later, a fantasy football punishment is complete.
Retail Therapy
 
The Happy Gilmore collection.
Sponsored By ...
 
SaaStr, the world's largest non-vendor B2B software community, is back - in person! Don't miss this year's Annual on Sept 27-29 at the San Mateo County Event Center. The three-day conference will bring together more than 10,000 global SaaS founders, executives, and venture capitalists for a series of high-quality content sessions and networking opportunities. Across five stages more than 300 SaaS leaders will share their hard-earned learnings and actionable insights to help you scale up and grow your company faster. Readers can grab 20% off tickets with code StrictlyVC.  
 
Subscribe!

StrictlyVC

StrictlyVC, LLC, 1 Blackfield Drive, No. 239, Tiburon, CA 94920

Unsubscribe - Unsubscribe Preferences

Older messages

Lordstown's "inaccurate" statements, a massive new round for Anduril, and why you should maybe skip Hawaii this summer

Thursday, June 17, 2021

The news you need to know June 17, 2021 Happy Thursday.:) Top News Oops! According to a new regulatory filing, Lordstown Motors does *not* have binding orders from customers for its electric Endurance

Software to ID deepfakes, Satya Nadella's new gig, and the newest must-have for homeowners

Wednesday, June 16, 2021

The news you need to know June 16, 2021 Top News Amazon is appealing to social media companies to help curb the spread of fake reviews on its site. In a blog post today, the company said bad actors are

DraftKings takes a hit, the Amazon that customers don't see, and a vibrating bed by Yves Behar

Tuesday, June 15, 2021

The news you need to know July 15, 2021 Reminder, semi-vacation, no columns. More tomorrow.:) Top News The Senate confirmed big tech critic and prominent antitrust scholar Lina Khan as FTC Commissioner

LinkedIn gets another chance, Lordstown gets the Hindenburg treatment, and Bob Redford's horse ranch (one of them) is up for grabs

Monday, June 14, 2021

The news you need to know June 14, 2021 Hello! Just a quick fyi that we won't be running columns this week (we're on semi-vacation at the moment). More tomorrow.:) Top News Investors are

Beijing turns up the pressure, Facebook shops while it can, and a lost dog makes itself useful

Saturday, June 12, 2021

The news you need to know June 11, 2021 Friday! Adieu until Monday, everyone.:) Before we flip the switch, you leave you with the newest StrictlyVC Download, where you can find talk about Big Tech

dr. FAMGA in the house

Saturday, July 24, 2021

Top blockchain investors. AI drug discovery. Store of the future. VIEW IN BROWSER CBINSIGHTS July 24, 2021 Hi there, After a record-setting AI funding quarter, our analysts are answering the questions

From 0 to 133k Followers and the Jetset Influencer Lifestyle

Saturday, July 24, 2021

Free Training Magazine PODCAST Articles How did Rachel Pregunta go from a sales job to traveling the world, forming international partnerships, and building a community of 133000 followers? Instagram.

What's 🔥 in Enterprise IT/VC #247

Saturday, July 24, 2021

How to scale from 100 to 700 people in 2 years? Here's Dipti's (VP People) playbook from Snyk ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🗞 What's New: Substack's new podcast network

Saturday, July 24, 2021

Also: Quitting your job to launch vs. starting a side gig. Which is best for you? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Should I keep doing this?

Saturday, July 24, 2021

​ Howdy! ​ I was curious to know: is it worth doing sales demos for our business? Ever since we started Transistor, we've had interest from larger, enterprise companies. (Especially for our private

🦄 Build your audience with this newsletter idea

Friday, July 23, 2021

Hey Makers, There's already 150 of you! So happy to have so many new readers. If you like my ideas, share the newsletter with your friends. You'll make my day! ❤️ This week I want to share an

10words: Top picks from this week

Friday, July 23, 2021

Do you want to reach 1500+ developers, designers, investors, and entrepreneurs & support 10words? Check out our new sponsorship options. 10words.io Discover new apps and startups in 10 words or

🧠Case Study #106 - How to Promote a Blockbuster using Memes

Friday, July 23, 2021

If you are just now finding out about Kickstart Side Hustle, you can subscribe here If you enjoy this newsletter, please forward this email to your friends! 🙏 Hey! Once again thank you for all the

Help us shape the future of Buffer’s tools and content! ✨

Friday, July 23, 2021

Hello there! 👋 I have a question for you: If you are the owner of a small or medium sized business, what do you believe has helped your brand grow the most in the past 3 months? Our team is on a

Bootstrapped Founder #94: How to Kill Your Business

Friday, July 23, 2021

​ The Bootstrapped Founder Logo ​ ​ Dear founder, Most advice comes in the shape of telling you what to do to be successful. It's instructional, it shows the happy path, and as a reader, I resonate