Liquidity Watchlist as of April 17th, 2018
Venture Bytes, our monthly newsletter contains the Liquidity Watchlist, a proprietary list of the top-25 private companies in the TMT space that are candidates for a liquidity event within the next 18 months. The companies are ranked based on a series of quantitative and qualitative factors from a pool of 325 companies.
*Please note that the delta (Δ) denotes the change in ranking within the Liquidity Watchlist from April 10th, 2018.
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#1 DocuSignΔ0
Hired former Repsponsys CEO as CEO. Raised $558M to date in 10 rounds, including the last round of $310M in Oct. 2015 at $3.1B post valuation and $19.09/share; includes late-stage investors
DocuSign provides electronic signature technology and Digital Transaction Management services for facilitating electronic exchanges of contracts and signed documents
#2 PluralsightΔ0
Raised $238.4M to date in 8 rounds, including the last round of $28.8M in Dec. 2016; the last post-valuation was $1.0B in Aug 2014; company filed S1
Pluralsight's technology learning platform allows users to evaluate the technical abilities of teams, align learning to key business objectives and close skills gaps in critical areas like cloud, design, security, mobile and data, enabling organizations to deliver key innovations on time
#3 SurveyMonkeyΔ0
Raised $615M to date, including $400M in debt financing. The last equity financing round was in December 2014 when the company raised $250M, raising the post-money valuation to $2.0B. Investors included Dave Goldberg, T. Rowe Price Associates, Morgan Stanley Expansion Capital, Baillie Gifford, Tiger Global Management, ICONIQ Capital, Google Capital, Social+Capital Partnership, FS Investors, Ryan and Chris Finley, Bryan Johnson, Kevin Colleran and Laurel Crown Partners. KG Investments also participated
Provides online survey tools created to help customers make better decisions. The company's platform uses SSL encryption and multi-machine backup to keep data secure enabling companies, organizations and individuals to send survey invitations, collect responses and analyze results with live graphs and charts for gathering insights
#4 AppNexusΔ0
Raised $344.2M to date; last round Series F in Sept 2016 for $31M at $1.6B post valuation and $26/share; key investors include News Corp., Yahoo Japan, Shares Post 100 Fund, Deutsche Telekom Capital Partners, Fidelity Investments, among others
Provides trading solutions and powers marketplaces for Internet advertising
#5 Apttus CorpΔ0
Raised $404.25M to date; last equity round Series E in Sept 2017 for $55.3M at $15/share, raising the post valuation to $1.9B; the company filed to go public on September 13, 2017 but subsequently received $75 million of development capital from Golub Capital on February 13, 2018
Provides cloud-based Quote-to-Cash (QTC) software services
#6 SoFiΔ16
Raised $1.92B in 6 rounds; last round Series G for $500M in Mar 2017 at $17.18/share and $3.9B pre-valuation ($4.4B post valuation)
SoFi is a leading marketplace lender and the #1 provider of student loan refinancing with over $4 billion loans originated to date
#7 EventbriteΔ0
Raised $371.9M in 11 rounds; last round Series G for $147.6M in Aug 2017 at $24.58/share and $1.35B pre-valuation ($1.50M post valuation)
Provides an event technology platform designed to discover and create events and sell tickets
#8 Rent The RunwayΔ16
Raised $176.2M to date in 7 rounds; last round, Series E, in Dec 2016 for $60M at $750M post-money valuation and $21.76/share; key investors include Bain Capital Ventures, Fidelity Investments, Highland Capital, Conde Nast, 2020 Ventures, among others
Provides an online website for renting dresses and accessories. The company offers users the ability to rent designer apparel and accessories, both on-demand and through its subscription service Unlimited
#9 PinterestΔ-4
Raised $1.47B to date in 10 rounds, including the last round of $150M in June 2017 at $12.3B post valuation and $7.18/share; key investors include Rakutenchi, Wellington, Goldman Sachs, Andreessen Horowitz, Fidelity, among others
Pinterest is a "virtual and social pin board" that allows users to share interesting and inspiring ideas, images, and tastes
#10 DOMOΔ-4
Raised $730M in 7 rounds; last round Series D2 for $115.2M in Dec. 2017 at $8.43 per share, raising the post-valuation to $2.28B
Provides cloud-based business-management platform designed to connect data, people, and expertise that are needed to improve business results. The platform offers a central location for data access and management and helps every employee, from the CEO to the front line worker, enabling clients to avail enhanced business results
#11 Palantir TechnologiesΔ-4
Raised $2.75B to date in 14 rounds; last round Series K for $880M in December 2015 at $11.38/share and $19.7B pre-valuation ($20.5B post money valuation); key investors include Aeon Funds, BlackRock Private Equity Partners, GSV Ventures, Third Point, among others
Palantir Technologies offer a suite of software applications for integrating, visualizing and analyzing information
#12 LyftΔ-4
Raised $3.61B in 8 rounds; last round Series H for $1.5B at $11.5B post valuation and $39.75/share led by Capital; other key investors in previous rounds Alibaba Group, Al-Waleed Bin Abdul-Aziz, Did, DSCN, General Motors, Alliance Bernstein, Janus, KKR among others
Provides an online marketplace which connects community drivers with passengers who request rides through the company's iPhone or Android application
#13 TaniumΔ-2
Raised $307.29M in 7 rounds, including the last round of $147.5M in Sept. 2015 at $3.75B post money valuation and $14.89/share; key investors include T. Rowe Price, Andreessen, TPG, IVP, among others
Develops security and systems management technologies to allow real-time data collection by organizations, helping information technology personnel identify and fix operational issues and also fend off security attacks
#14 GlassdoorΔ-1
Raised $202.2M in 8 rounds; last round Series H was for $40M in June 2016 at $1.0B post-money valuation and $8.0/share; key investors: T. Rowe Price, Tiger Global, Google Capital, Battery Ventures
Glassdoor is a jobs and career marketplace; users can uncover inside connections at a company, see the latest job listings, as well as get access to proprietary user-generated content
#15 FlipkartΔ-3
Raised $4.8B in 11 rounds; last round (Corporate) for $1.4B at $11.6B valuation; key investors Qatar Authority, T. Rowe, Tiger, Acela, DST, eBay, Microsoft, Tencent
eCommerce site for electronics, home appliances, books, music and movies; operates exclusively in India; registered and based in Singapore
#16 StripeΔ-2
Raised $445M in 11 rounds; last round in Mar 2017 for $5.05M at $9.20B post-valuation; key investors: General Catalyst Partners, Capital, Sequoia Capital, Peter Thiel and Elon Musk
The company provides a suite of APIs to enable businesses to accept and manage online payments
#17 BuzzfeedΔ-2
Raised $496.4M in 8 rounds; last round in Nov 2016 for $200M at $1.7B post-valuation and $45.04/share; key investors: Andreessen Horowitz, General Atlantic, NEA
BuzzFeed is social news and entertainment company with a focus on digital media and digital technology
#18 WeWorkΔ-1
Raised $2.79B in 7 rounds; last round Series G for $3.0B led by Softbank Group's Vision Fund at $19.95B pre-money valuation ($21.05B post valuation) and $57.90/share; key investors in various rounds include Benchmark Capital, Mort Zuckerman, T. Rowe, Wellington, JPM, Goldman Sachs, Fidelity, among others
Provides office and desk space on a monthly rental basis; office space is shared by startups, entrepreneurs and small businesses
#19 UberΔ-1
Raised $14.69B in combination of late stage VC rounds (10), corporate rounds (2), and debt rounds (2). The VC rounds include the ongoing round of between $1B and $1.25B of venture funding from SoftBank Group, Dragoneer Investment Group and General Atlantic as of October 4, 2017 - at $68B post valuation; New CEO indicated IPO likely in 2019
Uber is a mobile app connecting passengers with drivers for hire
#20 AirbnbΔ-1
Raised $4.4B in 11 rounds; the last round, Series F, in Mar 2017 for $1.0B at $2.8B pre-valuation ($31B post-money valuation) and $105/share; key investors include Andreessen Horowitz, Fidelity, General Atlantic, Sequoia, GGV, among others; hired new CFO with IPO experience, Laurence Tosi, in 2015 from Blackstone Group
Operates an online community marketplace for travel accommodations allowing users to both list and rent space from traditional or mobile platforms
#21 InstacartΔ2
Raised $724M to date in 7 rounds; last round Mar 2017 of $413M at $3.41B post-money valuation; earlier investors include Kleiner Perkins, AmEx Ventures, Comcast Ventures, Dragoneer, Sequoia, Khosla Ventures, Andreessen, among others
Provider of a mobile application that enables users to order and secure delivery of groceries; the company's application enables its users to scroll and search grocery items and have them delivered to their door
#22 AcquiaΔ-1
Raised $194.5M in 8 rounds, including most recent round of $55M in Sept 2015 at $840M post valuation and $18.92/share; key investors Centerview Capital Technology Partners, NEA, among others
Provider of a web publishing platform, the company provides tools for enterprise users of the open-source web publishing platform
#23 KlarnaΔ-3
Raised $439.1M in 7 rounds; the last round in March 2017 raised $62.2M at $439.1M post-valuation;, key investors include Seqouia Capital, Wellington, Northzone Ventures, IVP, among others
Provides online payment services designed to make online shopping easy and seamless, and help the customers improve their average order value as well as conversion
#24 UpworkΔ0
Raised $30M in 1 round on Nov 2014 a $5.71/share, raising post-valuation to $850M; Key investors include Benchmark, T. Rowe Price, FirstMark Capital, Jackson Square Ventures, New Enterprise Associates, Globespan Capital Partners, Kleiner Perkins Caufield & Byers and Stripes Group
Provides freelancing services intended to help independent professionals in finding their perfect projects
#25 AdyenΔ0
The company raised an undisclosed amount of venture funding from ICONIQ Capital on September 30, 2015 raising the post-valuation to $2.3B . Previously, the company raised $250 million of Series B venture funding in a deal led by General Atlantic on December 16, 2014 raising the post-money valuation to $1.5B. Temasek Holdings, Index Ventures and Felicis Ventures, Robert Wuttke and Jorg Mohaupt also participated in this round
Provides an end-to-end multi-channel payment platform designed to offer outsourced payment services. The company's multi-channel payment platform connects businesses directly to Visa, MasterCard, and all key payment methods globally, enabling merchants to accept payments and optimize growth online, in-application, and in store