Sourcery (2/7-2/11)

Polygon, Alchemy, Aleo, Trust Machines, LoanStreet, Sardine, Rift Finance, m3ter, Daffy, Kyro Digital, Ruby Protocol, Reliance, Expressable, Balanced, Oath, Elo, Goodwill, Flexport, Census, Endgame..

Last Week (2/7-2/11):

Relevant deals include the 60+ deals across stages below. 

I've categorized the deals below into four categories, Fintech, Care, Enterprise & Consumer, and Sustainability, and ordered from later-stage rounds to early-stage rounds. Highlighted deals include Polygon, Alchemy, Aleo, Trust Machines, LoanStreet, Sardine, Rift Finance, m3ter, Daffy, Kyro Digital, Ruby Protocol, Addition Wealth, MetaStreet, Flexio, Reliance, Expressable, Balanced, Oath, Elo, Goodwill, Waverly, Dawn, Flexport, Branch, Sunburst, KoBold Metals, Salt Security, 7Shifts, Census, EasyKnock, Radar, E-Space, Shift5, Superconductive, Endgame, Wallaroo, Swoogo, Wander, Mystery, Calamu, Cerebra, popSQL, Parade, Oloid, Splendid Spoon, Empowerly, Leverage, Protix, Destinus, Rondo Energy, Odys Aviation, LandscapeHube; Zendesk, Peloton, Spirit Airlines, Fruitz, Crypto-Systems, Arm, Nurz, GoCardless, Aleph Group, Upflex, Makara, Forbes, Death Row Records; Aleph Group; D-Wave Systems

Final numbers on Meta Market Cap and Consumer Price Index at the bottom.

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Deals 

Sources: TS, Pro Rata, FinSMEs, Pitchbook, StrictlyVC

Fintech:

- Polygon, an Ethereum scaling startup, raised $450m via a token sale. Sequoia Capital India led, and was joined by SoftBank, Galaxy Digital, Galaxy Interactive, Tiger Global and Republic Capital. http://axios.link/FBYy

- Alchemy, an SF-based blockchain developer platform, raised $200m in Series C1 funding at a $10.2b valuation. Silver Lake and insider Lightspeed Venture Partners co-led, and were joined by return backers Andreessen Horowitz, Coatue, DFJ, Pantera Capital and Addition. http://axios.link/dkkO

- Aleo, a San Francisco-based platform for building private blockchain-based applications, raised $200 million in Series B funding. Kora Management and SoftBank Vision Fund led the round and were joined by investors including Tiger Global, Sea Capital, Slow Ventures, Samsung Ventures, and a16z. 

- Trust Machines, a startup that will seek to build web3 apps on the bitcoin blockchain, raised $150 million in funding from Breyer Capital, Digital Currency Group, GoldenTree, Hivemind and Union Square Ventures. Go deeper.

- Alma, a French BNPL startup, raised €115m in Series C funding (plus €95m in debt). Tencent, GR Capital and Roosh Ventures were joined by insiders Cathay Innovation, Eurazeo, Bpifrance, Seaya Ventures and Picus Capital. http://axios.link/ijXt

- Compute North, an Eden Prairie, Minn.-based blockchain infrastructure and hosting services company, raised $85 million in Series C funding. Mercuria and Generate Capital co-led the round and were joined by investors including National Grid Partners.

- Qredo, a crypto infrastructure developer, secured $80m in Series A funding at a $460m valuation. 10T Holdings led, and was joined by Coinbase Ventures, Avalanche, Terra, Kingsway Capital, HOF Capital, Raptor Group and GoldenTree Asset Management. http://axios.link/7YuU

- Happy Money, a Tustin, Calif.-based unsecured lending fintech that partners with credit unions, raised $50 million in Series D funding from investors including Anthemis Group and CMFG Ventures.

- Seyna, a Paris-based insurance products and tools company, raised €33 million ($37.8 million) in Series A funding. White Star Capital and Elaia Partners led the round and were joined by investors including Global Founders Capital, Allianz, and la Financière St James. 

- Selina, a London-based provider of home equity line-of-credit loans, raised $35m in Series B funding. Lightrock led, and was joined by insiders Picus Capital and GFC. It also secured $115m in new debt financing. http://axios.link/y2ML

- LoanStreet, a New York-based platform for sharing, managing, and analyzing loans, raised $25 million in Series B funding led by Portage Ventures and was joined by investors including Curql Fund I, Coastal Financial Corporation, Sterling Bancorp, Third Prime Capital, and Arbor Ventures. 

- Rewire, a Tel Aviv, Israel-based digital mobile banking platform for facilitating cash remittances, raised $25 million in funding from investors including Migdal, Standard Bank of South Africa, BNP Paribas, Opera Tech Ventures, Viola Fintech, Moneta Capital Partners, Renegade Partners, OurCrowd, Yehuda Zisapel, and former Yahoo! co-founder Jerry Yang.

- Taxfyle, a Miami, Fla.-based online tax filing platform, raised $20 million in Series B funding led by Fuel Venture Capital and IDC Ventures. 

- OpenNode, a Los Angeles-based Bitcoin payment processor and infrastructure provider, raised $20 million in Series A funding led by Kingsway and was joined by investors including Twitter, Draper Associates founder Tim Draper, and Avon Ventures.

- Sardine, a San Francisco-based fraud and compliance platform for fintechs, raised $19.5 million in Series A funding from Andreessen Horowitz, NYCA, and Experian Ventures.

- Houwzer, a Philadelphia-based real estate brokerage with an all-W2 labor model and flat-fee pricing, raised $18 million in funding led by Edison Partners.

- Rift Finance, a decentralized protocol to help DAOs achieve sustainable token liquidity, raised $18 million in funding led by Pantera Capital and was joined by investors including Two Sigma Ventures, Coinbase Ventures, Spartan Group, Defiance Capital, Hashed, Jump Capital, Vessel Capital, and Morningstar Ventures. 

- m3ter, a London-based metering and pricing engine for SaaS companies, raised $17.5 million in funding from investors including Kindred Capital, Union Square Ventures, and Insight Partners.

- Daffy Charitable, a Los Altos, Calif.-based non-profit community for donations and giving, raised $17.1 million in Series A funding for Aside, the company building its technology. The funding was led by Ribbit Capital and was joined by investors including XYZ Capital, Coinbase Ventures, Reid Hoffman, Aaron Levie, Amy Chang, and others.

- Streetbeat, a Palo Alto-based investing app for stocks and cryptocurrencies, raised $10m in seed funding. TTV Capital led, and was joined by Seraph Group and AAF Management. www.streetbeat.com

- Neo.Tax, a Mountain View, Calif.-based business tax startup, raised $10m in Series A funding. Infinity Ventures led, and was joined by GV, Acrew Capital and Fin VC. http://axios.link/v0qG

- Kyro Digital, a Web3 multi-chain services platform, raised $10 million in Series A funding from investors including Avalanche (Blizzard), Polygon, Rally, and Tezos.

- Ruby Protocol, a Web3 encryption startup, raised $7.3m from Digital Strategies, DFG Group, SigNUM Capital, D1 Ventures, Global Coin Research, Ocean Foundation, DWeb3 Capital and Maverick Global Ventures. http://axios.link/hcq8

- Primex Finance, a decentralized prime brokerage liquidity protocol for DEX-agnostic cross-margin trading, raised $5.7 million in seed funding led by CoinFund and Stratos Technologies. 

- ComplYant, an L.A.-based digital tax assistant for small businesses, raised $5.5m in seed funding. Craft Ventures led, and was joined by Mucker Capital, Slauson & Co. and Techstars. www.complyant.co

- Revere, a Madison, N.J.-based capital markets network and deal marketplace for commercial real estate brokers, developers, owners, lenders, and investors, raised $5 million in funding led by RET Ventures and was joined by investors including Related Companies, Holland Partner Group, The Feil Organization, Driftwood Capital, Davis Development, and Essence Development.

- Addition Wealth, a New York-based personal finance benefit platform for employees, raised $4.2m from Nyca Partners, Core Innovation Capital, Female Innovators Lab and Financial Venture Studio.

- MetaStreet, a liquidity routing and scaling solution for NFT collateralization platforms, raised $3 million in seed funding led by Dragonfly Capital and was joined by investors including Ethereal Ventures, Sfermion, Nascent Capital, Delphi INFINFT, Alliance, Seed Club Ventures, Animoca Brands, Republic Realm, Volt Capital, Kerve Capital, CMT Digital, Bitscale Capital, QCP Capital, BigBrainHoldings, and Taureon.

- Flexio, a B2B payments platform for Latin America, raised $3m in seed funding led by Costanoa Ventures. www.flexiopagos.com

. . .

Care:

- Reliance Health, a Nigeria and Texas-based digital healthcare provider focused on emerging markets, raised $40 million in Series B funding led by General Atlantic and was joined by investors including Partech, Picus Capital, Tencent Exploration, Africa Healthcare Master Fund, P1 Ventures, Laerdal Million Lives Fund, and M3.

- HealthCare.com, a Miami, Fla.-based data-driven insurtech platform, raised $31.5 million in Series C funding from Hildred Capital Management.

- Ada Health, a Berlin-based virtual health platform, raised $30 million in funding from investors including Farallon Capital, Red River West, and Bertelsmann Investments.

- Trialjectory, a Stamford, Conn.-based healthcare platform for patients, health-care providers and pharma, raised $20 million in Series A funding led by Insight Partners and was joined by investors including JAL Ventures ,Contour Venture Partners, Rho Capital and TIA Ventures. 

- Boston Technology Research, a Boston-based regulatory technology company serving healthcare, life sciences and SaMD, raised $15 million in Series A funding led by Insight Partners and was joined by investors including LRV Health and NewStack Ventures.

- Expressable, an Austin, Tex.-based speech therapy company, raised $15 million in Series A funding led by F-Prime Capital. 

- ODAIA, a Toronto-based AI-powered commercial insights SaaS platform for pharmaceutical companies, raised $13.8 million in Series A funding led by Flint Capital and was joined by investors including Innospark Ventures, Alumni Ventures, Graphite Ventures, BDC Capital’s Women in Tech Fund, MaRS IAF, StandUp Ventures, and Panache Ventures.

- VisuWell, a Chattanooga, Tenn.-based primary and specialty care telemedicine platform, raised $10m in Series B funding. Fulcrum Equity Partners led, and was joined by insiders Longmeadow Capital, PJC and UltraGroup. www.visuwell.io

- Balanced, a New York-based digital fitness platform for seniors, raised $6.5m in seed funding. Founders Fund and Primary Venture Partners co-led, and were joined by Lux Capital and Stellation Capital. www.hellobalanced.com

- Oath, a group of digital support communities for parents, raised $6m led by OMERS Ventures. www.oathcare.com

- Elo, a West Yellowstone, Mont.-based nutrition precision company raised $5 million in seed funding from investors including Will Ventures and Re:food.

- Goodbill, a Detroit-based maker of a health bill payment platform, raised $3.4m in seed funding. Founders’ Co-op led, and was joined by Maveron and Liquid 2 Ventures. www.goodbill.co

- Wavely Diagnostics, a Seattle-based maker of pediatric care apps, raised $2.2m in seed funding Ambit Health Ventures, WXR Fund, WRF Capital, HealthTech Capital, Purpose Built VC and Crosstimbers Capital Group. www.wavelydx.com

- Dawn Health, a behavioral health startup focused on insomnia, raised $1.8m led by Kindred Ventures. http://axios.link/fYog

- Reveri Health, raised $1.8 million in seed funding led by InReach Ventures and was joined by investors including Background Capital, Bobby Lo, Joe Greenstein, Andrew Artz, Joseph Rubinsztain, and Eduardo Vilar. 

- Respira Labs, a Mountain View, Calif.-based medical technology company specializing in respiratory care, raised $1 million pre-seed funding led by Zentynel Frontier Investments and was joined by investors including VentureWell and ImpactAssets. 

. . . 

Enterprise & Consumer: 

- Flexport, a San Francisco-based inventory tracking and global logistics platform, raised $935 million in Series E funding. Andreessen Horowitz and MSD Partners led the round and were joined by investors including Shopify, DST Global, Founders Fund, SoftBank Vision Fund, and Kevin Kwok. 

- Branch, a Palo Alto-based deep linking ad-tech company, raised $300m at a $4b valuation led by NEA. http://axios.link/G06N

- Starburst, a Boston, Mass.-based analytics platform developer, raised $250 million in Series D funding led by Alkeon Capital and was joined by investors including Altimeter Capital, B Capital Group, Andreessen Horowitz, Coatue Management, Index Ventures, and Salesforce Ventures. 

- KoBold Metals, a Berkley, Calif.-based AI and ML startup focused on prospecting minerals for EV components, raised $192.5m in Series B funding. T. Rowe Price led, and was joined by CPP Investments, BOND, Standard Investments, BHP Ventures, Mitsubishi Corporation, Apollo Projects and Cleo Capital. www.coboldmetals.com

- Salt Security, a Palo Alto, Calif.-based API security company, raised $140 million in Series D funding led by CapitalG and was joined by investors including Sequoia Capital, Y Combinator, Tenaya Capital, S Capital VC, Advent International, Alkeon Capital, and DFJ Growth.

- Clikalia, an Opendoor-like property service focused on Spain and Mexico, raised €75m. SoftBank and Fifth Wall co-led and were joined by Luxor Capital and Guillaume Pousaz. http://axios.link/tqL2

- Compute North, an Eden Prairie, Minn.-based distributed computing infrastructure company, raised $85m in Series C equity funding (plus $300m in debt). Mercuria and Generate Capital co-led, and were joined by National Grid Partners. http://axios.link/v7Nf

- 7shifts, a Saskatoon, Canada-based team management platform for restaurants, raised $80 million in Series C funding led by SoftBank Vision Fund and was joined by investors including Ten Coves Capital and Enlightened Hospitality Investments.

- Census, an S.F.-based enterprise data sync startup, raised $60m in Series B funding at a $630m post-money valuation, Axios has learned. Tiger Global led, and was joined by Insight Partners and insiders Andreessen Horowitz and Sequoia Capital. http://axios.link/Rr1b

- EasyKnock, a New York-based residential sale-leaseback platform, raised $57.2m from Blumberg Capital, Gaingels, Moderne Ventures, QED Investors and Viola FinTech. www.easyknock.com

- Radar, a New York-based geofencing platform, raised $55 million in Series C funding led by Insight Partners and was joined by investors including Accel, Two Sigma Ventures, and Heavybit.

- E-Space, a space satellite network startup led by Greg Wyler (founder of OneWeb and O3b Networks), raised $50m in seed funding led by Prime Movers Lab. http://axios.link/3pwR

- Shift5, a Rosslyn, Va.-based OT cybersecurity company for military platforms and transportation systems, raised $50 million in Series B funding led by Insight Partners. 

- Superconductive, a Utah-based data quality analytics startup, raised $40m in Series B funding. Tiger Global led, and was joined by insiders Index Ventures, CRV and Root Ventures. http://axios.link/zF0K

- Quaise Energy, a Cambridge, Mass.-based mining and drilling technology developer, raised $40 million in Series A funding led by Safar Partners and was joined by investors including Prelude Ventures, Fine Structure Ventures, The Engine, Collaborative Fund, and Nabors Energy Transition Ventures.

- Leaf Logistics, a New York-based trucking logistics platform provider, raised $37 million in Series B funding led by Sozo Ventures and was joined by investors including Madrona Venture Group, Playground Global, Floodgate, Schematic Ventures, and Supply Chain Ventures. 

- Airmeet, a Lewes, Del.-based event-led engagement platform, raised $35 million in Series B funding from investors including Prosus Ventures, Sistema Asia Fund, RingCentral Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures, Nexxus Global, Sequoia Capital India, and Accel India. 

- Enboarder, an Austin-based onboarding startup, raised $32m in Series B funding. NewSpring led, and was joined by Golub Capital, Escalate Capital Partner, Alumni Ventures and insiders Greycroft and Next Coast Ventures. www.enboarder.com

- Endgame, a Los Angeles-based product-led sales solution, raised $30 million in Series B funding led by EQT Ventures and was joined by investors including Lachy Groom, Menlo Ventures, Upfront Ventures, and Unusual Ventures. 

- Cosuno, a German construction management software startup, raised $30m in Series B funding. Avenir Growth led, and was joined by Spark Capital and Cherry Ventures. http://axios.link/n0a3

- Neo Cybernetica, a Boston-based cybernetics technology company, raised $30 million seed funding led by NEA and was joined by investors including B5 Capital, Cortical Ventures, and Open Field Capital.

- Context Labs, an enterprise data fabric tech startup with offices in Amsterdam and Massachusetts, raised $28m from BP Energy Partners, Shamrock Ventures, KPMG, Equinor Ventures, Neglected Climate Opportunities and i(x) investments. www.contextlabs.com

- Wallaroo, a Brooklyn-based machine learning ops platform, raised $25m in Series A funding. M12 led, and was joined by Boldstart Ventures, Contour Venture Partners, Eniac Ventures and Greycroft. http://axios.link/GZ06

- Vicarius, a New York-based autonomous vulnerability remediation platform, raised $24m in Series A funding co-led by AllegisCyber Capital, JVP and AlleyCorp. http://axios.link/YOOi

- Swoogo, an L.A.-based provider of event management software raised $20m in Series B funding led by Bain Capital. http://axios.link/aPpT

- Wander, an Austin, Tex.-based smart home operator, raised $20 million in Series A funding led by QED Investors and was joined by investors including Redpoint Ventures, Authentic Ventures, Fifthwall, Susa Ventures, Kevin Durant, and Thirty Five Ventures.

- Mystery, a Seattle-based employee engagement platform, raised $18.5 million in funding from Greylock and was joined by investors including Moving Capital, Endeavor, and Gaingels.

- Calamu, a Clinton, N.J.-based developer of virtual data harbors, raised $16.5m in Series A funding. Insight Partners led, and was joined by insider Dell Technologies Capital. www.calamu.com

-  BTR, a Boston-based regulatory tech startup, raised $15m in Series A funding. Insight Partners led, and was joined by LRV Health and NewStack Ventures. www.bostontechnologyresearch.com

- Cerebra, an S.F.-based marketing data analytics startup, raised $15m in Series A funding led by Notion Capital. http://axios.link/KyRx

- PopSQL, a San Francisco-based collaborative SQL editor for data teams, raised $14 million in Series A funding led by Tiger Global and was joined by investors including Gradient Ventures, Funders Club, and Y Combinator.  

- Parade, a San Francisco-based truckload capacity management platform for freight brokers, raised $12.7 million in Series A funding led by Menlo Ventures and was joined by investors including Greenhawk Capital and Jones Capital.

- Oloid, a Sunnyvale, Calif.-based cloud-based identity and worker management platform, raised $12 million in Series A funding led by Dell Technologies Capital and was joined by investors including Honeywell Ventures and Okta Ventures.

- Splendid Spoon, a New York-based food delivery platform, raised $12 million in Series B funding led by Nicoya and was joined by investors including Torch Capital, Danone Manifesto Ventures, Reddit co-founder Alexis Ohanian, Rent the Runway co-founder Jennifer Fleiss, and others.

- Empowerly, a San Francisco-based edtech startup and data-driven college counseling platform, raised $10 million in seed funding led by Goodwater Capital and was joined by investors including FJ Labs, Scrum Ventures, Translink Capital, Azure Capital Partners, Spero Ventures, Thinkplus Ventures, and Mentors Fund. 

- Sportening, an Amsterdam-based social app for sports fans, raised £5.3million ($7.2 million) in seed funding from Ballon d’Or winner Luka Modric, Superbet Group founder Sacha Dragic, and former Sequoia Capital Global Equities COO Ralph Ho, and Clarium Capital.

- Titanium, a Los Gatos, Calif.-based data protection and privacy startup, raised $6m in seed funding led by Refinery Ventures. www.titanium.io

- Leverage, a New York-based AI-driven supply chain visibility platform, raised $5 million in funding led by Las Olas Venture Capital, Mark Cuban, Gaingels, and Great Oaks.

- SegmentStream, a British no-cookies marketing analytics startup, raised $2.7m from Fort Ross Ventures and OKS Group. http://axios.link/jT00

- Linguix, a Miami, Fla.-based online writing assistant company for preliminary English-speaking and non-native professionals, raised $1 million in pre-seed funding. Grishin Robotics and Antler New York led the round and were joined by investors including Flyer One Ventures.

. . .

Sustainability:

- Protix, a Dongen, Netherlands-based insect-based animal feed company, raised €50 million ($57.1 million) in funding from investors including the European Circular Bioeconomy Fund, BNP Paribas, the Prince Albert II Foundation, The Good Investors, Aqua-Spark, Rabo Investments, and Invest-NL. 

- Destinus, a developer of liquid hydrogen-powered aircraft, raised around $29m from Conny & Co, Quiet Capital, One Way Ventures, Liquid2 Ventures, Cathexis Ventures, ACE & Co. http://axios.link/xwD0

- Rondo Energy, an Oakland, Calif.-based industrial decarbonization technology developer, raised $22 million in Series A funding co-led by Breakthrough Energy Ventures and Energy Impact Partners.

- Odys Aviation, a Cincinnati, Ohio-based aircraft startup making hybrid-electric vertical takeoff and landing (VTOL) aircraft for regional mobility, raised $12.4 million in seed funding from investors including Giant Ventures, Soma Capital, 11.2 Capital, and Countdown Capita.

- LandscapeHub, a Chicago-based plant and landscaping materials marketplace, raised $9m in Series A funding. Klaff Realty and Hyde Park Venture Partners co-led, and were joined by Open Prairie Rural Opportunities Fund, Concentric Equity Partners and Great Oaks VC. www.landscapehub.com

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Acquisitions & PE: 

- Zendesk (NYSE: ZEN) said it rejected an unsolicited $16 billion takeover offer from a private equity consortium, which the WSJ reports included Thoma Bravo, Permira and Advent International.

- Frontier Group Holdings agreed to acquire Spirit Airlines, a Miramar, Fla.-based budget airline, for $2.9 billion.

- Bumble acquired Fruitz, a French dating app company. Financial terms were not disclosed.

- DriveWealth acquired Crypto-Systems, a digital asset trading firm. Financial terms were not disclosed.

- Peloton, a New York-based interactive fitness bike company, is working with an adviser to explore a sale, per Bloomberg. Amazon and Nike are reportedly potential suitors.

- Nvidia (Nasdaq: NVDA) formally abandoned its planned $40 billion acquisition of British chip design firm Arm from SoftBank (Tokyo: 9984) due to regulatory opposition. It had been set to be the largest-ever chip merger, and SoftBank now is expected to take Arm public via an IPO. Flashback.

- Thirty Madison, a New York-based maker of products for chronic health conditions is merging with SF-based women’s health products startup Nurx. Thirty Madison has raised around $230m in VC funding, while Nurx had raised nearly $200m. http://axios.link/1jCJ

- Permira and BlackRock Private Equity Partners invested $312 million in Series G funding in GoCardless, a London-based account-to-account payments platform.

- Autodesk agreed to acquire Prodsmart, a San Francisco-based real-time record system tech company for data collection, management, and analysis of manufacturing processes. Financial terms were not disclosed.

- Snap acquired a minority stake in Aleph Group, a Miami, Fla.-based digital media services company. Financial terms were not disclosed.

- WeWork acquired a minority stake in Upflex, a coworking aggregator and global flexible workplace startup. Financial terms were not disclosed.

- Betterment, backed by Citi Ventures, Francisco Partners, and others, agreed to acquire Makara, a Seattle, Wash.-based cryptocurrency robo advisor. Financial terms were not disclosed.

- Element Biosciences, backed by Foresite Capital Management, Venrock, and Meritech Capital Partners, acquired Loop Genomics, a San Jose, Calif.-based long-read DNA sequencing technology company. Financial terms were not disclosed.

- Tempus, a Chicago-based precision medicine company valued by VCs at over $8b, bought Highline Sciences, an S.F.-based clinical contract research organization focused on cancer. http://axios.link/Vq7u

- Binance agreed to acquire a $200 million stake in Forbes, a Jersey City-based magazine and digital publisher.

- MNRK Music Group, controlled by The Blackstone Group, sold Death Row Records to Snoop Dogg. http://axios.link/sdlA

- Apollo Global Management is reportedly close to a deal to buy the point-of-sale terminal business of Worldline, a France-based payments company, for roughly $2.3 billion, the Wall Street Journal reported citing sources.

. . .

IPOs:

- Aleph Group, a Miami, Fla.-based digital media services company, filed for an IPO in the U.S. The company posted $131.1 million in net revenue in 2021 and $26.3 million in net income. Sony Pictures Television, CVC, Twitter, Snap and MercadoLibre back the firm. 

- The trū Shrimp Companies, a Balaton, Minn.-based early-stage seafood and biopolymer production company, postponed its IPO due to market conditions. Ralco Nutrition, Schwan’s Shared Services, and Eagle Energy back the firm.

. . . 

SPACs:

- D-Wave Systems, a Canadian quantum computing company, agreed to go public at an implied $1.2b valuation via DPCM Capital (NYSE: XPOA), the Emil Michael-led SPAC that previously had agreed to buy mobile game maker Jam City. D-Wave raised over $200m in VC funding from firms like In-Q-Tel, Vanedge Capital, PSP, Fidelity, DFJ and NEC Corp. http://axios.link/GEOh

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Funds:

- Envisioning Partners, a Seoul-based VC firm focused on climate change, raised $64m for its latest fund. http://axios.link/m40E

- Omega Venture Partners of Palo Alto raised $115m for its debut fund. www.omegavp.com

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Final Numbers

Data: FactSet; Chart: Axios Visuals

Facebook's parent company saw its market cap fall below $600 billion last week for the first time in nearly two years, meaning its now below the threshold set by congressional antitrust proposals.

• The Senate bill is based on a 180-day trading average, so Meta would still qualify. Quick reminder that an aide to one of that bill's co-sponsors told me that the $600 billion mark was set to snare a specific group of Big Tech companies, including Meta.

• The House bill is more about a moment in time, which means Meta could maybe dodge it.

Data: U.S. Bureau of Labor Statistics; Chart: Axios Visuals

The material presented on Molly O’Shea’s website are my opinions only and are provided for informational purposes and should not be construed as investment advice. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy, or investment product. Any analysis or discussion of investments, sectors or the market generally are based on current information, including from public sources, that I consider reliable, but I do not represent that any research or the information provided is accurate or complete, and it should not be relied on as such. My views and opinions expressed in any website content are current at the time of publication and are subject to change. Past performance is not indicative of future results.