PitchBook News - Mapping VC's road to net zero

How tech propelled PE's 2021; Haomo.AI lands $157M for autonomous driving; Base10 Partners eyes $400M; Privoro grabs $30M for smartphone security
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Daily Pitch: VC
December 23, 2021
Like our newsletter? The data comes from the PitchBook Platform — our data software for VC, PE and M&A
The Daily Pitch is taking a break for the holidays and will return in January. Happy New Year!

In today's newsletter, you'll find:
  • US PE dealmaking is moving at its fastest pace in at least two decades.

  • How climate tech startups can help the planet on the road to net zero.

  • Are medtech startups slowly being written out of the life sciences playbook?
Today's Top Stories
Mapping VC's role on the road to net zero
(Andriy Onufriyenko/Getty Images)
Most greenhouse gas emissions can be reduced using existing technology, but climate tech startups could scale breakthroughs to help close the gap.

VCs and other private investors can provide over two-thirds of the estimated $125 trillion needed to reach the goal of net-zero carbon emissions by 2050, as laid out in the 2021 UN Climate Change Conference.

Our recent installment of Emerging Tech Research explores the outcomes of the summit that are particularly relevant to the climate tech industry. Our analysts also examine investment strategies from the Glasgow Financial Alliance for Net Zero—focusing on energy storage, building efficiency, clean industrial processes and more.
read it now
 
Share:   Email    LinkedIn    Twitter    Facebook
Tech propels PE dealmaking to 20-year high
(twomeows/Getty Images)
Private equity deal activity in the US is moving at a scorching rate, with deals being completed at the fastest clip in at least two decades.

Following pent-up demand from a cautious 2020, PE deals were expected to climb this year—but the pace has been faster than anyone predicted.
read more
 
Share:   Email    LinkedIn    Twitter    Facebook
Is medtech innovation dead?
(sesame/Getty Images)
The biomedical revolution of the 21st century has propelled a record-shattering $44 billion in VC funding for US life sciences companies during 2021. Our recent analyst note examines the capital investment differences between medtech and biotech, delving into why biotech has overshadowed medtech in recent years, and what the future of medtech holds. Among the other takeaways:
  • While PitchBook defines the life sciences industry as comprising two subsectors—biotech and medtech—they aren't equally weighted from an investment perspective.

  • Medtech companies have been receiving a shrinking proportion of life sciences capital in recent years as biotech companies continue to take the lion's share.

  • Is investing in medtech startups slowly being written out of the life sciences playbook, or should investors take a second look at a possible resurgence in medtech innovation?
read it now
 
Share:   Email    LinkedIn    Twitter    Facebook
Recommended Reads
The challenges posed by climate change in the Arctic are particularly urgent. They're also helping stimulate tech innovation. [Fortune]

The Christmas tree's long and winding road from seed to harvested holiday centerpiece. [The Washington Post]

Why Automattic CEO and WordPress founder Matt Mullenweg is trying to save the internet. [Protocol]
Since yesterday, the PitchBook Platform added:
19
VC valuations
1485
People
370
Companies
46
Funds
See what our data software can do
 
Quick Takes
  The Daily Benchmark  
  2014 Vintage Global Funds-of-Funds  
  VC Deals  
  Chinese autonomous driving startup brings in $157M  
  Hyperscience collects $100M  
  Sorriso scores $31M  
  Mobile security company Privoro takes in $30M  
  OrbiMed backs $25M round for TandemAI  
  Exits & IPOs  
  Triller to merge, go public with SeaChange at $5B value  
  Skillsoft to acquire VC-backed Codecademy for $525M  
  Fundraising  
  Base10 Partners eyes $400M for Fund III  
 
 
The Daily Benchmark
2014 Vintage Global Funds-of-Funds
Median IRR
19.31%
Top Quartile IRR
22.79%
1.84x
Median TVPI
Select top performers
Union Grove Partners Direct Venture Fund
SVB Strategic Investors Fund VII
Franklin Park Venture Fund Series 2014
*IRR: net of fees
54 Funds in Benchmark »
Check out the latest version of PitchBook Benchmarks
VC Deals
Chinese autonomous driving startup brings in $157M
Haomo.AI, a Beijing-based autonomous driving startup, has raised almost 1 billion yuan (about $157 million) in a Series A that garners it unicorn status. Investors including GL Ventures, Qualcomm Ventures and JZ Capital participated in the funding, which will support the company's R&D and recruitment. Haomo previously raised funding in February.
Additional Investors:
Meituan, Shougang Holdings
View round
 
View similar company »
 
Hyperscience collects $100M
Hyperscience has raised a $100 million Series E led by existing backers Global Founders Capital, Tiger Global, Stripes and Bessemer Venture Partners. Based in New York, the startup is a creator of data automation tech that helps enterprises improve operational efficiency, productivity and workflows. Hyperscience was valued at $730 million after an $80 million round in October 2020, according to PitchBook data.
View round
 
View 40 competitors »
 
Sorriso scores $31M
Sorriso Pharmaceuticals, a developer of antibodies designed to treat inflammatory diseases like ulcerative colitis, has launched with a $31 million Series A led by NEA and Arix Bioscience. The startup's lead program is intended to target inflammatory bowel disease. NEA general partner Ed Mathers and Arix managing director Mark Chin have joined Sorriso's board.
View round
 
View similar company »
 
Mobile security company Privoro takes in $30M
Privoro, a creator of security hardware for smartphones, has raised a $30 million Series B led by an affiliate of Tracker Capital Management. The company is the developer of SafeCase, a security device that helps deter audio and video surveillance via spyware, and Vault, which protects against wireless attacks, location tracking, eavesdropping and more.
View round
 
View similar company »
 
OrbiMed backs $25M round for TandemAI
TandemAI has raised $25 million in seed and pre-Series A funding led by OrbiMed and Chengwei Capital. The startup uses quantum mechanics, experimental data and AI to promote drug discovery. The new funds will be used to advance its computational platform and expand wet lab operations.
View round
 
View similar company »
 
PitchBook Webinar: 2022 Private Equity Outlook
Private equity defied all expectations in 2021, beginning with a quick recovery from its slump in 2020 and ending the year on record-breaking numbers. Following these unprecedented results, many are watching the space, interested to see if these trends will continue.

Join our PitchBook experts on Jan. 6 for a discussion on emerging trends, noteworthy PE activity and predictions for what will follow in 2022.

Sign up now
Share:   Email    LinkedIn    Twitter    Facebook
Exits & IPOs
Triller to merge, go public with SeaChange at $5B value
Venture-backed social-video platform Triller has agreed to merge with SeaChange International. The transaction will value Triller, a competitor of social media platform TikTok, at around $5 billion and allow the company to go public, bypassing an IPO.
View details
 
View 18 competitors »
 
Skillsoft to acquire VC-backed Codecademy for $525M
Corporate digital learning company Skillsoft has agreed to acquire Codecademy for $525 million in cash and stock. Codecademy's online learning platform has been accessed by nearly 40 million registered learners and offers classes in 14 programming languages for applications such as data science and cybersecurity.
View details
View 32 competitors »
Fundraising
Base10 Partners eyes $400M for Fund III
Base10 Partners has established a target of $400 million for its third namesake fund, according to an SEC filing. The San Francisco-based firm backs early-stage automation tech companies across sectors like finance, food, healthcare and operations. Base10 raised $250 million last year for its second flagship vehicle.
View fund
 
View 74 investments »
 
Chart of the Day
"Driving the region's lofty exit value, public listings have exploded in 2021. Through Q3 2021, 10 PE-backed public listings closed, already matching the previous decade's high. These public listings contributed €17.1 billion in exit value through Q3 2021—the most of any exit type."

Source: PitchBook's 2021 DACH Private Capital Breakdown
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

What's in store for emerging tech?

Wednesday, December 22, 2021

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

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

Harry's Newsletter #062 — A fresh start

Monday, January 17, 2022

Hey — Harry again. First up — Thank you for so many lovely messages about Copywriting Examples. Second up — I'm changing the newsletter format ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Facebook groups are just Fools Gold for marketers 🤯

Monday, January 17, 2022

Unpopular Opinion: Facebook groups are just Fools Gold for marketers 🤯 On the outside, they look like marketing gold But in reality, they're toxic & only prostitute promotions 🤡 Beginners all

⚡ MC - People increasingly trust people over corporations

Monday, January 17, 2022

View in browser Welcome to today's edition! Let's get right to it. People increasingly trust people over corporations Consumers are increasingly trusting people over traditional corporations.

How to get more eyes on your Facebook posts...

Monday, January 17, 2022

You're halfway through January, Reader. How are your 2022 biz resolutions doing so far? Here are a couple of resources that might help you knock them out of the park. In today's edition: FB

🐂 Bullish on farmland, 7 figure portfolio, funds for SaaS founders, Republic upgrade, and a Web 3 power player

Monday, January 17, 2022

​ ​ ​ ​ Together With: ​ ​ Hi there, 👋 Happy long weekend (if you're reading this from the USA). We appreciate you stopping by. We hope you're not missing any packages that were supposed to be

Walmart NFTs, Amazon vs Visa, & Angry Shopify Developers

Monday, January 17, 2022

Soon you'll be able to buy things EVERYWHERE! Loving Shopifreaks? Leave a review. Follow me on Twitter and LinkedIn. Hi Reader I think every company in e-commerce had a seed round last week! In

Google: One Part Of Site Can Hurt Entire Site Quality [SEJ Weekly]

Monday, January 17, 2022

Trending SEO, PPC, content, and social media updates to start your week off right. By Matt Southern, Senior News Writer Monday, January 17, 2022 Google: One Part Of Site Can Hurt Entire Site Quality

Podcast Advertising: 5 Experts Reveal Their Secrets

Monday, January 17, 2022

Interested in podcast advertising? Learn from the experts about podcast advertising rates, networks, and statistics. HubSpot Marketing Blog Jan. 17, 2022 Podcaster sits in studio to record ad for

'Blue Monday': The pressure to be happy as a freelancer

Monday, January 17, 2022

It's OK to say you don't always love being self-employed! ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Odd Ways to Ask for a Raise

Monday, January 17, 2022

Make more $$ at your job (expert advice) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌