Sector Analysis

Corporate venturing bullishness went on in the summer
Monthly data: July-August 2021
Telecoms recovering from the pandemic
Sector report: Telecoms
Analysis: Freshworks goes public
Alphabet-backed CRM software provider Freshworks went public, boasting a market cap of $13.5bn.
Analysis: Prenetics in a $1.25bn reverse merger
Alibaba and Ping An-backed Prenetics is set to complete a reverse merger at a $1.25bn valuation. Exits from the broader genetics and gene therapeutics space appear to be in the middle of a valuation spike, according to our data.
Analysis: PayPal pays $2.7bn to Paidy
PayPal is to purchase its portfolio company Paidy, a consumer finance service provider. Paidy is part of the wider payment tech space, which has seen an increasing number of exits since last year.
Analysis: Databricks lays out $1.6bn
The data analytics software producer, which counts Alphabet, Salesforce and Amazon among as backers, raised a $1.6bn series H at $38bn valuation. It is a case in point for the upward pressure in valuations of companies from this space which we have been seeing.
Analysis: Large corporate-backed rounds
Last year we saw a record number of corporate-backed rounds sized $100 and above and this year has not been any different, already setting records.
Analysis: First-time corporate investors
Over the past few years, roughly a fifth to a quarter of all corporate investors whose deals we track appear to be newcomers.

Other News

Analysis: OneWeb orbits $300m from Hanwha
A Hanwha subsidiary will take an 8.8% stake in the UK-based satellite connectivity provider OneWeb, helping it increase its funding to $2.7bn since it has resurrected from bankruptcy.
Analysis: GoPuff puffs up $1bn
SoftBank’s Vision Fund returned to back the e-commerce business in a $1bn round. Our data suggest upward pressure on valuations in this space as well.
Analysis: Redwood to grow with $700m
Amazon Climate Pledge Fund committed capital to battery recycling services provider at a reported $3.7bn post-money valuation. GCV Analytics data suggest there is a heightened interest in deals from this space and an upward pressure on valuations.
Analysis: HR tech gains momentum
Our data suggest that valuations in the HR tech space are picking up. Two deals stories from last week confirm the trend.
Oil and gas venturing in Q2 2021
Analysis: oil and gas Q2 2021
Corporate venturing keeps strong momentum in Q2
Quarterly analysis: Q2 2021

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