1. Home
  2. Discover
  3. Business
  4. PitchBook News

PitchBook News - Charting female founders' standout year

How VCs impact supply chain tech; Discord hits $15B valuation; data specialist Cribl banks $200M; Brex raises $150M venture debt fund
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: VC
August 26, 2021
Like our newsletter? The data comes from the PitchBook Platform — our data software for VC, PE and M&A
Ads
In today's Daily Pitch, you'll find:
  • A breakdown of Q2 VC investment in supply chain tech startups and an analysis of other trends in the sector.

  • A visual analysis shows that female-founded companies are raising more venture capital than ever, but is it enough?
Today's Top Stories
Supply chain tech's perpetual disruption
(Abstract Aerial Art/Getty Images)
The long-running effects of the pandemic continue to rattle global supply chains. Labor shortages, rising raw materials costs and other headaches have created a sense of urgency when it comes to investing in the supply chain sector's venture-backed tech businesses.

Our latest installment of Emerging Tech Research assesses the state of VC investment in the supply chain tech space. Among the key takeaways:
  • Supply chain tech startups raised $7.9 billion in VC investment during Q2, up 31.7% year-over-year.

  • On-demand delivery has become a must-have in ecommerce—ultrafast B2B delivery is next. Startups such as Pickup and Airspace are creating solutions to speed the delivery of large or time-sensitive items for businesses.

  • Port logistics have been slow to adopt new technologies, but that's changing. Startups are using software, data analytics and AI to automate niche operations, including the movement of goods within ports.
read the preview
 
Share:   Email    LinkedIn    Twitter    Facebook
Visualizing a standout year for female founders
(Drew Sanders/PitchBook News)
In the first half of 2021, female-founded startups in the US raised more venture capital financing than in any year over the past decade, to the tune of $25.12 billion.

But is it all good news? A visual analysis turns up some surprising findings.
  • Female founders now attract a far greater share of funding from late-stage rounds than in prior years. And they've made steady inroads as entrepreneurs in healthcare.

  • Venture firms with female decision-makers have also raised successively larger funds, with 2021 on pace to see a new annual high.

  • But there are also signs of stagnation and even backsliding. Female founders' share of overall VC dollars has remained unchanged in recent years.
see the data
 
Share:   Email    LinkedIn    Twitter    Facebook
A message from West Monroe
Why private equity leaders need to level up on data science
Today, a successful deal is dependent on external data sources married with company data, requiring private equity to shift to more advanced analysis to stay competitive. Until recently, analyst experience, personal relationships and Excel prowess were relied on to guide decision-making and review target companies. But new methods have emerged.

Data science identifies how operating executives should focus their resources. Using billions of data points, scarce company resources can be directed to initiatives that generate the highest return on investment. For example, West Monroe recently worked with a private equity-backed software company to evaluate several value-driving questions, including: Who are the customers we can upgrade? How can we quantify our churn risk?

Discover how data science helps the private equity industry deliver increased returns.
Share:   Email    LinkedIn    Twitter    Facebook
Last call to participate in Investment Firm Compensation Survey
We've teamed up with J.Thelander Consulting to conduct the Thelander-PitchBook 2021 Investment Firm Compensation Survey.

This week is your last chance to participate in the survey, which offers market data on base salary, bonuses, total cash, carried interest, carry dollars at work and more for every position—from managing general partner to entry-level analyst.

All participants will receive free access to a subset of the results through a Silver Subscription to the Thelander platform when the results are published in September, in addition to discounted pricing for full access.

Click here to take the survey.
Share:   Email    LinkedIn    Twitter    Facebook
Recommended Reads
The share of investment going to female entrepreneurs has recently taken a step backward. The figures are particularly dismal when it comes to Black female founders. [Forbes]

A look at Nordhavn, a former industrial shipyard in Copenhagen that may just represent the future in urban planning. [Bloomberg]

How India's demonetization policy turned Coinbase's product chief into a bitcoin believer. [Protocol]
Ads
Since yesterday, the PitchBook Platform added:
8
VC valuations
1365
People
384
Companies
20
Funds
See what our data software can do
 
Quick Takes
  The Daily Benchmark  
  2011 Vintage Global Real Estate Funds  
  People  
  Yale names Matthew Mendelsohn as CIO  
  VC Deals  
  Discord seeks $15B valuation  
  Cribl banks $200M Series C  
  Jane Technologies raises $100M for cannabis marketplace  
  Trove collects $77.5M  
  LevelTen Energy lands $35M  
  Fundraising  
  Brex raises $150M venture debt fund  
 
 
The Daily Benchmark
2011 Vintage Global Real Estate Funds
Median IRR
14.15%
Top Quartile IRR Hurdle Rate
19.92%
1.57x
Median TVPI
Select top performers
C-III Recovery Fund I
Exeter Industrial Value Fund II
SH Group I
*IRR: net of fees
51 Funds in Benchmark »
Check out the latest version of PitchBook Benchmarks
People
Yale names Matthew Mendelsohn as CIO
Matthew Mendelsohn has been named the successor to longtime Yale endowment chief David Swensen, who died of cancer in May. Mendelsohn currently leads the endowment's venture capital assets, which comprise a quarter of the portfolio. Swensen pioneered an approach to portfolio management that has been dubbed the "Yale model," and investors that trained under him have gone on to lead other large university endowments.
View details
 
 
VC Deals
Discord seeks $15B valuation
Discord is expected to raise at least $500 million at a valuation of around $15 billion, Bloomberg reported. The round will reportedly be led by Dragoneer Investment Group, with participation from several existing investors. The San Francisco-based company, which was valued at $7 billion in December, is the developer of a platform that offers instant video, voice and text messaging for friends and the gaming community.
View round
 
View 13 competitors »
 
Cribl banks $200M Series C
Cribl has raised a $200 million Series C led by Greylock Partners and Redpoint Ventures. The round was also joined by IVP, Sequoia and CRV as well as strategic investors Citi Ventures and CrowdStrike. The San Francisco-based company is developing what it is calling an "open ecosystem of data" for enterprises. Cribl expands the collection of observability data and utilizes customer-chosen analytics tools and storage destinations.
View round
 
View 6 competitors »
 
Jane Technologies raises $100M for cannabis marketplace
Cannabis ecommerce startup Jane Technologies has raised $100 million in a Series C led by Honor Ventures. The round values the company at $585 million, up from $126 million in 2019, according to PitchBook data. Operating across more than 2,100 dispensaries and brands, Santa Cruz, Calif.-based Jane says its platform powers about a fifth of all legal US cannabis transactions.
Additional Investors:
Third Point Ventures, Gotham Green Partners, L2 Ventures, Delta Emerald Ventures, Artemis Growth Partners
View round
 
View similar company »
 
Trove collects $77.5M
Trove has raised a $77.5 million Series D led by G2 Venture Partners, with participation from Bank of Montreal, Capital One Ventures, Commerce Ventures and Wellington Management. The Bay Area-based company offers a platform for brands such as Lululemon and Patagonia to buy back and resell used items. Trove was valued at $72.4 million in 2019, according to PitchBook data.
View round
 
View 5 competitors »
 
LevelTen Energy lands $35M
LevelTen Energy has raised a $35 million Series C led by NGP Energy Technology Partners. The Seattle-based company is the developer of a platform designed to connect renewable energy buyers to project developers, financiers and more. Founded in 2016, LevelTen Energy was valued at $125.5 million in 2019, according to PitchBook data.
Select Additional Investors:
Avista Development, Constellation Technology Ventures, Equinor Ventures, MCJ Collective, Prelude Ventures
View round
 
View 11 competitors »
 
Fundraising
Brex raises $150M venture debt fund
Fintech company Brex, known for its corporate credit cards, has raised a $150 million fund to lend money to venture-backed companies, The Information reported. The fund will make loans of up to $10 million to recurring revenue software and fintech companies. San Francisco-based Brex is said to be the largest investor in the fund.
View details
 
View 53 competitors »
 
Chart of the Day
Source: PitchBook's Q1 2021 US PE Middle Market Report
Who's in the newsletter today?
People
David Swensen
Matthew Mendelsohn
Investors
Artemis Growth Partners
Avista Development
Bank of Montreal
Brex
CRV
Capital One Ventures
Citi Ventures
Commerce Ventures
Constellation Technology Ventures
CrowdStrike
Delta Emerald Ventures
Dragoneer Investment Group
Equinor Ventures
G2 Venture Partners
Gotham Green Partners
Greylock Partners
Honor Ventures
IVP
L2 Ventures
MCJ Collective
NGP Energy Technology Partners
Prelude Ventures
Redpoint Ventures
Sequoia
Third Point Ventures
Wellington Management
Companies
Cribl
Discord
Jane Technologies
LevelTen Energy
Lululemon
Patagonia
Trove
 
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.

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

Older messages

Young fintech startups attract top VCs

Wednesday, August 25, 2021

Warby Parker going public via direct listing; Waymo rolls out robotaxis in San Francisco; Ramp hits $3.9B valuation; ForgeRock files for IPO Read online | Don't want to receive these emails? Manage

Podcast: The rise of Edison Partners

Tuesday, August 24, 2021

AI, machine learning extend hot streak; SoftBank leads $400M round for OPay; payments startup Zepz hits $5B valuation; Shelf.io picks up $52M+ Read online | Don't want to receive these emails?

Why US VC valuations are soaring

Monday, August 23, 2021

Adobe buys Frame.io for $1B+; DriveWealth banks $450M; real estate tech specialist lands $120M; India's Zetwerk hits unicorn valuation Read online | Don't want to receive these emails? Manage

PE ups its bets on defense sector

Sunday, August 22, 2021

Plus: Pandemic puppies fuel a booming pet industry, travel deals take off, real-time patient data contributes to drug discoveries & more Read online | Don't want to receive these emails? Manage

Solving the puzzle of health data

Saturday, August 21, 2021

Also; Where VC's smart money is going at the early stage; Pet insurance boom leads to investor opportunity; Why fundraising data is on the decline... Read online | Don't want to receive these

You Might Also Like

10x more leads (powerful)

Monday, March 10, 2025

Launching a product? I'm helping startups build better products and reach product-market fit. To do that, we've built ProductMix and you should use it: https://rockethub.com/deal/productmix

🥒 Now you’re in a pickle

Monday, March 10, 2025

This upstart grew sales by 29% YoY in a stalling industry View in browser mim-email-logo-2025-2 As liquor sales stagnated last year for nearly the first time in two decades, one segment of the market

I launched the ULTIMATE seo chrome extension (free)

Sunday, March 9, 2025

You are so very welcome ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Trump’s Bitcoin Reserve, Tokyo Beast’s $1M Championship & King of Destiny’s 2M $GOD Showdown – Your Ultimate Crypto & Gaming Update!

Sunday, March 9, 2025

PlayToEarn Newsletter #263 - Your weekly web3 gaming news ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Profile: The man who wants to know everything & the med spas offering balding treatments

Sunday, March 9, 2025

This edition of The Profile features Tyler Cowen, Lalisa Manobal, Zhang Shengwei, and others. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Marketing Weekly #222

Sunday, March 9, 2025

Why Faceless Social Media Accounts Don't Work — Lessons From Someone Who Tried • How We Cut Lead Costs by 75% with Facebook Ads (and How You Can Too) • The True Art of Being Customer-Centric • The

Why The Per-Seat Model Isn’t Dead (Yet)

Sunday, March 9, 2025

And the top SaaStr news of the week To view this email as a web page, click here The Per-Seat Model Isn't Dead. But Also, Surprisingly, It Was Never Dominant. The Per-Seat Model Isn't Dead. But

Startups gear up for EU defense surge

Sunday, March 9, 2025

Also: Female founder face anti-DEI wave, our Global Markets Snapshot wraps up February's action & more Read online | Don't want to receive these emails? Manage your subscription. Log in The

Sunday Thinking ― 3.9.25

Sunday, March 9, 2025

"Whenever honesty is missing, walls slowly start appearing." ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🚨 Weekend Wrap-Up: Chatbots Are Stealing 96% Of Your Clicks

Sunday, March 9, 2025

The Weekend Update... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏