PitchBook News - Ranking 2021's busiest investors

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

Log in

The Daily Pitch: VC

March 14, 2022

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

Today's edition of The Daily Pitch was delayed due to technical problems with our publishing system. In the newsletter, you'll find:

Our 2021 Global League Tables, ranking the top investors, advisers and more across PE and VC.

Bootstrap Europe's founders discuss their growth debt strategy, impact investing and much more.

As COVID-19 restrictions begin to lift, the red-hot biotech market is beginning to cool off.

Today's Top Stories

Biotech industry faces reset as public market turmoil impacts valuations

(zhangshuang/Getty Images)

Biotech startups are facing a leaner future, as the widespread end of COVID-19 restrictions dampens investor appetite.

VC investments in biotech hit record levels in both 2020 and 2021, as investors sought to capitalize on the sector's pandemic-induced growth. However, amid easing restrictions and turbulence in the public markets, the red-hot biotech market is cooling off.

Recommended Reads

Google's search engine has made up so much of our online experience for so long that it can be hard to imagine something better. [The New Yorker]

Over a century ago, two dozen men were stranded in Antarctica. Here's how a robot dove 10,000 feet to glimpse their shipwreck for the first time. [Wired]

For decades, the chain of dependence linking Russia to the world economy has grown. Now, other nations are feeling the loss of Russia's huge commodity stash. [The Economist]

Since yesterday, the PitchBook Platform added:

12

VC valuations

889

People

288

Companies

17

Funds

See what our data software can do

Quick Takes


	The Daily Benchmark
	2015 Vintage Global Funds-of-Funds
	VC Deals
	Byju's books $800M
	AiFi brings in $65M for autonomous shopping
	Mori picks up $50M
	Exits & IPOs
	Savage X Fenty explores $3B IPO
	Fundraising
	Sorenson Ventures raises $150M sophomore fund
	New Stack Ventures raises $42.6M fund

The Daily Benchmark

2015 Vintage Global Funds-of-Funds

Median IRR

23.59%

Top Quartile IRR

28.90%

1.81x

Median TVPI

Select top performers

Peakview Capital Fund I

HarbourVest Partners X-Venture

HarbourVest Partners X-Combined

*IRR: net of fees

55 Funds in Benchmark »

Check out the latest version of PitchBook Benchmarks

VC Deals

Byju's books $800M

Byju's, the operator of an online learning platform, has raised $800 million from investors including Sumeru Ventures, Vitruvian Partners and BlackRock. The funding includes a $400 million investment from Byju's founder and CEO Byju Raveendran.

View round

View 46 competitors »

AiFi brings in $65M for autonomous shopping

AiFi has raised $65 million from investors including Aldi South Group, Żabka Group and Rewe. The Santa Clara, Calif.-based company's AI platform is designed to help retailers deploy autonomous shopping solutions.

View round

View 9 competitors »

Mori picks up $50M

Mori has raised $50 million in Series B1 financing led by Prelude Ventures. Based in the Boston area, the company offers technology to extend the shelf life of food.

View round

View 4 competitors »

Exits & IPOs

Savage X Fenty explores $3B IPO

Rihanna's Savage X Fenty has brought on banks to advise on a potential IPO that could value the lingerie company at $3 billion or more, Bloomberg reported. Based in the Los Angeles area, the company last raised $125 million in January from investors including Neuberger Berman and Avenir Growth Capital.

View details

View 12 competitors »

Fundraising

Sorenson Ventures raises $150M sophomore fund

Sorenson Ventures has raised $150 million for its second investment vehicle. Founded in 2017, the early-stage VC has more than $1.5 billion in assets under management.

View fund

View 24 investments »

New Stack Ventures raises $42.6M fund

New Stack Ventures has raised $42.6 million for its sophomore fund. The Chicago-based VC firm invests in early-stage startups outside Silicon Valley and other traditional VC hubs.

View fund

View 43 investments »