PitchBook News - What's in store for emerging tech?

PE's healthcare provider plays; MoMo grabs $200M; Planet42 raises $30M to fight transport inequality; Snapdeal files for IPO; Veho picks up $125M
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: VC
December 22, 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:
  • Our analysts give their 2022 predictions for 11 different sectors of emerging technology.

  • Which four key segments continue to dominate healthcare provider buyout activity?

  • Aging unicorns and a record-setting stock market combined to make 2021 an epic year for venture-backed IPOs.
Today's Top Stories
What's in store for emerging tech in 2022?
(imaginima/Getty Images)
2021 was a year to remember for emerging technologies, as VCs set records for capital invested and startups pioneered solutions across a range of industries. The sheer volume of records broken raises the question: What's next?

Our 2022 Emerging Technology Outlook details PitchBook analysts' predictions across 11 sectors within emerging tech, including agtech, AI & machine learning, climate tech and information security. Among the predictions for next year:
  • Personalized medicine will set a record for VC funding, as a confluence of technologies helps advance the sector's capabilities.

  • The IoT/OT security category will see a billion-dollar public listing, as pure-play internet of things and operational technology security companies capitalize on the surge in industrial ransomware attacks.

  • M&A activity will rise in information security, insurtech and agtech, which will see record acquisitions in the precision ag sector.

  • Carbon-negative technologies, especially direct air capture, will garner significant VC investment as the world confronts the climate crisis.
read it now
 
Share:   Email    LinkedIn    Twitter    Facebook
4 key segments continue to dominate healthcare provider buyout activity
(elenabs/Getty Images)
Since 2016, behavioral health, dentistry, dermatology and vision together have accounted for around half of all healthcare provider buyout activity. Positive reimbursement and demand dynamics have made behavioral health the hottest PE provider segment. Meanwhile, dermatology has seen declining deal activity, a result of strategic missteps and a lack of strategy diversification by some large platforms.

These are just a handful of the insights from PitchBook analysts on established PE healthcare provider plays. Our latest analyst note details trends and strategies in behavioral health, dentistry, dermatology and vision.
read it now
 
Share:   Email    LinkedIn    Twitter    Facebook
Who were the winners of the 2021 IPO jackpot?
(arthobbit/Getty Images)
A perfect storm of aging unicorns and a record-setting stock market combined to make 2021 an epic year for venture-backed IPOs.

Our infographic breaks down how public markets delivered a windfall for tech investors.
  • Tiger Global's appetite for pre-IPO companies made it the most frequent backer of this year's most valuable listings.

  • At the time of its IPO, Rivian's four largest investors owned shares worth nearly $40 billion, the value of which have since risen dramatically.

  • SoftBank recorded more than $37 billion in exit value from just three holdings, only to see their value plummet following a reckoning on Chinese stocks.
see the data
 
Share:   Email    LinkedIn    Twitter    Facebook
Recommended Reads
How four cities in the US Southwest are trying to survive future droughts. [Bloomberg]

Rental car companies sold off huge chunks of their fleets during the early months of the pandemic. Can they get them back? [The Atlantic]

The economic history of restaurants hints at what the future of dining out could look like in a post-pandemic world. [The Economist]
Since yesterday, the PitchBook Platform added:
19
VC valuations
1641
People
410
Companies
30
Funds
See what our data software can do
 
Quick Takes
  The Daily Benchmark  
  2017 Vintage North American Debt Funds  
  VC Deals  
  Vietnam's MoMo gathers $200M Series E  
  Veho raises $125M at unicorn valuation  
  Tackle nails down $100M in round co-led by a16z  
  Insight Partners leads $75M round for PlainID  
  Multichain valued at $1.2B with $60M round  
  Ambys Medicines scoops up $47M Series A extension  
  Ampla adds $40M in new funding  
  South Africa's Planet42 raises $30M to fight transport inequality  
  PitchBook for Dealmakers  
  PitchBook for Dealmakers  
  Exits & IPOs  
  Snapdeal files for $165M IPO  
  Nikola agrees to $125M SEC settlement  
  Fundraising  
  Calibrate Ventures tallies $97M for Fund II  
 
 
The Daily Benchmark
2017 Vintage North American Debt Funds
Median IRR
9.30%
Top Quartile IRR 
13.72%
1.14x
Median TVPI
Select top performers
400 Capital Asset Based Term Fund I
Hamilton Lane Strategic Opportunities Fund 2017
Glendon Opportunities Fund II
*IRR: net of fees
63 Funds in Benchmark »
Check out the latest version of PitchBook Benchmarks
VC Deals
Vietnam's MoMo gathers $200M Series E
M_Service JSC, the Vietnamese operator of fintech app MoMo, has reportedly been valued at $2 billion with a $200 million funding round from backers led by Mizuho Bank. MoMo provides an e-wallet platform for consumers and small and medium-sized merchants. The company, which is also backed by Warburg Pincus, raised over $100 million in January.
Additional Investors:
Goodwater Capital, Kora Management, Ward Ferry Management
View round
 
View 57 competitors »
 
Veho raises $125M at unicorn valuation
Logistics startup Veho has raised a $125 million Series A at a $1 billion valuation. General Catalyst led the round, with participation from Construct Capital, Bling Capital, Industry Ventures, Fontinalis Partners and Origin Ventures. Veho's platform helps ecommerce brands provide next-day package delivery. The new funding will be used in part to help the company expand from 14 to 50 US markets by the end of 2022.
View round
 
View similar company »
 
Tackle nails down $100M in round co-led by a16z
Tackle.io has raised a $100 million Series C co-led by Coatue and existing backer Andreessen Horowitz, with support from Bessemer Venture Partners. The round, which comes nine months after it raised a $35 million Series B, values the startup at $1.25 billion. Tackle offers a cloud marketplace platform designed to help software providers list and sell products and generate revenue.
View round
 
View 1 competitors »
 
Insight Partners leads $75M round for PlainID
PlainID has raised a $75 million Series C led by Insight Partners. Viola Ventures and all other existing investors also backed the round for the company, which provides cybersecurity, authorization and identity access management solutions to organizations. Founded in 2014, Tel Aviv-based PlainID has now raised $100 million in total funding.
View round
 
View 27 competitors »
 
Multichain valued at $1.2B with $60M round
Multichain (formerly Anyswap) has raised a $60 million round led by Binance Labs and supported by Sequoia China, IDG Capital, Three Arrows Capital, Circle Ventures and others. The startup offers a cross-chain router protocol for Web3, providing interconnect infrastructure for 25 mainstream public blockchains including ethereum, fantom and avalanche.
Additional Investors:
Defiance Capital, HashKey Capital, Hypersphere Ventures, Magic Ventures, Primitive Ventures, Tron Foundation
View round
 
View similar company »
 
Ambys Medicines scoops up $47M Series A extension
Ambys Medicines, a developer of cell-based therapies for severe liver diseases, has completed a $47 million extension of its Series A, bringing the round total to $107 million. The capital infusion was led by Third Rock Ventures, with participation from Takeda, Schroders Capital, Laurion Capital and others. Based in South San Francisco, the startup is hoping to begin a Phase 1/2 trial for its lead therapy in Q2 2023.
Additional Investors:
Alexandria Venture Investments, Smilegate Investment
View round
 
View 38 competitors »
 
Ampla adds $40M in new funding
Ampla Technologies has collected $40 million in a Series A led by VMG Partners and Forerunner Ventures, with support from Core Innovation Capital, TechCrunch reported. Founded in 2019, New York-based Ampla provides a banking platform and lines of credit for consumer-focused small businesses. The startup raised a $250 million credit facility from Atalaya Capital Management in October.
View round
 
View similar company »
 
South Africa's Planet42 raises $30M to fight transport inequality
Johannesburg-based Planet42 has raised $30 million from Naspers, Change Ventures, Startup Wise Guys, Lendable and several angel investors. The startup provides a rent-to-buy car subscription platform to individuals in South Africa who may not be able to obtain financing through a traditional bank. The new funding will be used to support Planet42's growth in Mexico.
View round
 
View similar company »
 
PitchBook for Dealmakers
PitchBook for Dealmakers
PitchBook for Dealmakers is built for those investing in, acquiring or advising on private market transactions.

Today's markets are in a constant state of flux, and dealmakers need insights spanning the public and private markets to be effective in their work. To that end, it's vital for dealmakers to have access to both best-in-class data on private companies and broad fundamental public data. Dig into our guide to learn more about PitchBook's utility for dealmakers—from our unmatched capital market coverage to our in-depth reports, collaboration tools and more.

Get the PitchBook for Dealmakers guide
Share:   Email    LinkedIn    Twitter    Facebook
Exits & IPOs
Snapdeal files for $165M IPO
SoftBank-backed ecommerce startup Snapdeal has filed for a public offering in India and seeks to raise 12.5 billion rupees (about $165 million) through the sale of new shares. The IPO is expected to take place early next year, Bloomberg reported.
View details
 
View 10 competitors »
 
Nikola agrees to $125M SEC settlement
Nikola has agreed to pay $125 million to the SEC to settle charges that the electric truck maker defrauded investors by making misleading statements about the company's technology. Nikola went public in a $700 million SPAC deal with VectoIQ in June of last year; the SEC filed criminal and civil charges against Nikola founder Trevor Milton in July.
View details
 
View 38 competitors »
 
Fundraising
Calibrate Ventures tallies $97M for Fund II
Los Angeles-based Calibrate Ventures has raised $97 million for its second namesake fund, which will be used to back early-stage AI and automation startups in sectors including education, healthcare, logistics and financial services. Founded in 2017, the firm targets companies with less than $5 million in recurring revenue; its portfolio includes FarmWise, Soft Robotics and Diveplane.
View fund
 
View 29 investments »
 
Chart of the Day
"Nevertheless, the fundraising process remains challenging for emerging managers and particularly first-time funds, which face the chicken-and-egg problem of needing to secure a first close to bring additional LPs on board. For this reason, we are also seeing an expansion of seeding as a nascent strategy within PE."

Source: PitchBook's Q3 2021 US PE Middle Market Report
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.

Key phrases

Older messages

LatAm VC's standout 2021

Tuesday, December 21, 2021

Mega-rounds slow in retail healthtech; Razorpay scores $7.5B valuation; OfBusiness picks up $325M; SoftBank backs $200M+ round for Colombia's Addi Read online | Don't want to receive these

Seven predictions for VC's 2022

Monday, December 20, 2021

Ranking PE's most active lenders; Future Meat lands $347M; HungryPanda grabs $130M for Asian food delivery; Kraken closes $65M crypto fund Read online | Don't want to receive these emails?

A look back on Europe's 2021

Sunday, December 19, 2021

Plus: PE's mega-fund frenzy, VC on the rise in Southern Europe, our interactive mega-IPO datagraphic & more Read online | Don't want to receive these emails? Manage your subscription.

Our guide on how to raise a fund

Saturday, December 18, 2021

Also: Where climate tech investment is headed; Fintech reaches unfathomable levels of activity; Retail healthtech mega-deals slow; 7 PE predictions... Read online | Don't want to receive these

2021's IPO market breaks the mold

Friday, December 17, 2021

Agtech startups reap record funding; Gopuff eyes $40B valuation; Reddit files to go public; Rokt lands $325M; Byju's in talks for $4B SPAC deal Read online | Don't want to receive these emails?

Kingdom of Tonga disaster updates, donations

Thursday, January 20, 2022

Weekender #17 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

☕ Marketing Roundup - Weekly Marketing Strategies - Issue 11

Thursday, January 20, 2022

My fellow marketers, We're onto Week 11 of the weekly marketing roundup email. A series where I share posts from our Marketers Utopia directly to your inbox so you can execute on the value inside.

Jan. 20 - Amazon plans first apparel store | André Leon Talley's legacy

Thursday, January 20, 2022

Amazon to open first physical clothing store; The story of Toys R Us' bankruptcy is still unfolding, and it still matters; 6 DTC trends to watch in 2022; Bonobos CEO exits after 5 years at the

💎 5 Tweet Tuesday 💎 - Shaan's top tweets of the week!

Thursday, January 20, 2022

The great rethink to bet on yourself ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Jan. 20 - M&M's new look spotlights inclusivity | Pepsi gathers Super Bowl Halftime Show all-stars

Thursday, January 20, 2022

Pepsi gathers Super Bowl Halftime Show all-stars in cinematic trailer; Coca-Cola refreshes can designs to highlight flavor portfolio; As events again go virtual, marketing takeaways from a timely

🎮 Microsoft moves, fractional ownership of domains, what you can't measure, crypto report, & the next big thing...

Thursday, January 20, 2022

​ ​ ​ ​ Together With: ​ ​ Hi there, 👋 A journalist reports that a dairy farmer in Turkey has begun putting virtual reality headsets on his cows to see if the animals produce more milk when they

Improve your email deliverability, personalization strategies, and more

Thursday, January 20, 2022

The latest email resources from the Litmus blog and a few of our favorite things from around the web last week. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Breaking down European VC's bumper year

Thursday, January 20, 2022

Mapping US VC's wild ride in 2021; 1Password hits $6.8B valuation; TCV targets $5B+ growth fund; Lyra Health lands $235M Read online | Don't want to receive these emails? Manage your

5 resources to maximize your impact with social media

Thursday, January 20, 2022

Social data, social insights & more in this week's content round-up ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Opt In Weekly - 🧠Inside my brain

Thursday, January 20, 2022

Growth tips | Understanding unsubscribes | Permissionless Co-Marketing | Publishing's future | Should pricing come first? View on the Web Archives Prologue “What is it like inside your brain?” Kate