Venture Bytes, Our Monthly Newsletter Contains Liquidity Watchlist
The Liquidity Watchlist is 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.
Companies are included on the Liquidity Watchlist at the discretion of the author. There is no assurance that any company on the Liquidity Watchlist will have an exit within 18 months or ever.
Liquidity Watchlist
Raised $2.93B to date in 9 rounds; last round Series H for $400M in Nov 2019 at $16B post money valuation; key investors include Dragoneer Investment Group, SoftBank Investment Advisers, NFX, Sequoia Capital, DST Global, Temasek Holdings, Coatue Management, Hercules Capital and T. Rowe Price among others; reportedly filed S1 confidentially on Feb 27, 2020
Develops food delivery application intended to provide on-demand food-ordering and delivery services; the company's application offers wide range restaurants and menus to select from for a single meal or large groups with features to schedule delivery and real-time order tracking, enabling users to easily and conveniently order their favorite food for delivery at the time and place of their choosing
Liquidity Watchlist
Prior to the recent transaction in April 2020, Airbnb had raised $4.4B in 11 rounds; the last round, Series F, in July 2017 for $1.0B at $30.0B pre-valuation ($31B post-money valuation) and $105/share; key investors include Andreessen Horowitz, Fidelity, General Atlantic, Sequoia, GGV, among others; On April 6, 2020 the company received $2B of development capital from Silver Lake and Sixth Street Partners that involved warrants and debt financing; additionally, the company received $1B of debt financing in the form of a first-lien term loan from Silver Lake, BlackRock and others valuing the company at $18 billion
Operates an online community marketplace for travel accommodations allowing users to both list and rent space from traditional or mobile platforms
Liquidity Watchlist
Raised $902M to date in 6 rounds; last major round, Series F, of $400M in Oct 2019 and $5.80B pre-valuation ($6.20B post money valuation); key investors include Microsoft, Dragoneer Investment Group, New Enterprise Associates, Geodesic Capital, Green Bay Ventures, Coatue Management, Tiger Global Management, T. Rowe Price, BlackRock and Alkeon Capital Management, among others
Develops unified data analytics platform designed to make big analytics data simple; the company's cloud and machine learning-based platform offer data integration simplification, real-time exploration, interactive notebooks, integrated workflows, full enterprise security and deployment of production applications by unifying data science, engineering and business, enabling data science teams to work with improved usability, performance and security in an optimized runtime
Liquidity Watchlist
Raised $455.9M in 5 rounds; the last private transaction, Series E, in April 2020 raised $250M at $4.50B post-valuation; key investors include Coatue Management, Index Ventures, Sequoia Capital, Altimeter Capital Management, Troy Capital Partners and Franklin Templeton Investments , among others
Provides an open-source technology that acts as a real-time, fault-tolerant and highly scalable messaging system, enabling companies to move data from isolated systems into a real-time data pipeline where they can act on it immediately
Liquidity Watchlist
Raised $1.95B to date in 7 rounds (series F); last equity round Series F for $871M in Dec 2018 at $7.9B post money valuation. Key investors include Tiger Global Management, Coatue management, among others Valiant, Hironori Maeda
Provides on-demand goods delivery application designed to order and secure delivery of groceries from local stores
Liquidity Watchlist
Raised $1.95B in 14 rounds; the last private transaction in Sep. 2020 raised $650M at $10B post-valuation; led by Silver Lake Management other investors included Bonnier, TCV, Northzone Ventures, Merian Chrysalis Investment, BlackRock, Government of Singapore Investment Corporation and HMI Capital, 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
Liquidity Watchlist
Raised $2.17B to date in 8 equity rounds; last round, Series G, in Sep. 2020 for $660M at $11.7B post-money valuation; key investors included Andreessen Horowitz, Ribbit Capital, and DST Global, Sequoia Capital, 9Yards Capital, Founders Circle Capital, Redalpine Venture Partners, Sung Capital Partners, and D1 Capital Partners, among others
Develops investment platform intended to help tech people to invest in the stock market
Liquidity Watchlist
Raised $2.42B in 8 rounds; last round Series H for $500M in May 2019 at $15.44/share and $4.3B pre-valuation ($4.8B post valuation); Hired former Goldman Sachs executive in April 2018 as the new CFO
SoFi is a leading marketplace lender and the #1 provider of student loan refinancing with over $4 billion loans originated to date
Liquidity Watchlist
Raised $228.50M in 6 rounds; the last round, Series F, in Jul 2016 for $105.00M at $1.70B pre-valuation ($1.81B post-money valuation) and $9/share
Develops social media management platform (SMM) designed to provide digital transformation for enterprise businesses. The company's integrated platform for social media management allows brands to do marketing, advertising, care, sales, research and commerce
Liquidity Watchlist
Raised $557.5M in 6 rounds; the last round was $248M in Aug. 2019 at $1.95B post-valuation and $13.83/share; key investors included Silver Lake, Geodesic Capital, Vika Ventures and Sapphire Ventures, among others
Develops next-generation enterprise analytics platform designed to easily analyze complex, large-scale enterprise data with an automatic, relational search engine
Liquidity Watchlist
Raised $630M in 6 rounds (Series F); last round in May 2020 for $400M raising post-valuation to $5.4B; key investors: Dragoneer Investment Group, Warburg Pincus, General Atlantic, Andreessen Horowitz, General Catalyst, Tiger Global Management, AllianceBernstein, Franklin Templeton Investments United Kingdom, and Sands Capital Management
Developer of internet of things-based sensors and cameras designed to increase the efficiency, safety and sustainability of the operations that power the economy; the company's suite of technology includes vehicle telematics, driver safety, mobile workflow and compliance, asset tracking, and industrial process controls all in an integrated, open, real-time platform, enabling businesses to improve the safety and quality of business operations in a hassle-free manner
Liquidity Watchlist
Raised $525.3M to date; last equity round Series E in Oct. 2018 for $300M, raising the post valuation to $8.0B; led by Tiger Global Management other investors included FundersClub, Migration Capital, Reform Ventures, Quantum Global Partners, Acrew Capital, #adm Ventures, Starchain Capital, Next Ventures, Serena Ventures, Andreessen Horowitz, among others
Developer of a digital currency platform designed to create an open financial system for merchants and consumers; the company's platform provides a series of merchant payment processing systems and tools that aid many trafficked websites on the internet, enabling merchants, consumers and traders to create their own cryptocurrency wallets and start buying or selling cryptocurrency by connecting with their bank accounts
Liquidity Watchlist
Raised $977M to date in 4 rounds; the last round, Series D, in May 2019 for $568M at $7.1B post-valuation and $39.25/share; key investors include Accel, Sequoia Capital, and CapitalG
Developer of a robotic process automation software designed to deliver fast and reliable RPA that enhances business performance
Liquidity Watchlist
Raised $461.1M in 6 rounds from 12 investors; last round was $100M in Aug 2018 at $1.30B post-valuation and $12.23/share; key investors included Tiger Global, Technology Crossover Ventures, among others
Actifio delivers copy data virtualization to global enterprise customers and service provider partners in more than 30 countries. Leading customers include IBM, Sungard, HBO, Netflix, Time Warner Cable, Government Agencies, among others
Liquidity Watchlist
Raised $572M in 5 rounds (Series E); last round in Jun 2018 for $392M raising post-valuation to $1.59B; key investors: IVP, Cross Creek Advisors, Venrock, In-Q-Tel, Wellington Management, Credit Suisse, Vikram Pandit, and Point 72 Ventures, among others
Provides real-time AI platform designed to discover critical breaking information from publicly available data sets and delivers real-time alerts
Liquidity Watchlist
Raised $682.3M in 8 rounds; the last round was $200M in Oct. 2018 at $6.7B post-valuation and $14.89/share; key investors included Tiger Global, Technology Crossover Ventures, among others
Develops information technology security systems designed to simplify endpoint security and configuration compliance; the company's security and systems management service empowers security and IT operations teams to ask questions about the state of every endpoint across the enterprise in plain English
Liquidity Watchlist
Raised $1.52B to date in 7 rounds; last major round, Series G, of $575M in May 2019 and $3.43B pre-valuation ($4B post money valuation); key investors include Kleiner Perkins, Comcast Ventures, Cross Creek Advisors, Akkadian Ventures, Lightspeed Venture Partners, Sequoia Capital, Crosslink Capital, Premji Invest, ClearBridge , among others
Provides an online food delivery platform intended to help users order restaurant meals. The company's platform optimizes food ordering and delivery by integrating web and mobile consumers with restaurant tablet-based point-of-sale order management terminals, enabling customers to order food across restaurants and get them delivered at their doorstep; based in the U.K.
Liquidity Watchlist
Raised $191M to date in 5 rounds; last major round, Series E, of $106M in September 2014 at $7.18/share and $861M pre-valuation ($937M post money valuation); key investors include Kleiner Perkins, Comcast Ventures, Cross Creek Advisors, Akkadian Ventures, Lightspeed Venture Partners, Sequoia Capital, Crosslink Capital, Premji Invest, ClearBridge , among others; the company filed to go public on March 2, 2019
Provides an open source distributed database management platform designed to power data management for cloud applications
Liquidity Watchlist
Raised $1.89B in 10 rounds; last round, Series G in April 2020 for $850M raised post-valuation to $36B key investors: General Catalyst Partners, Capital G, Sequoia Capital, Peter Thiel and Elon Musk
The company provides a suite of APIs to enable businesses to accept and manage online payments
Liquidity Watchlist
Raised $332M to date in 8 rounds, including 3 debt rounds; last disclosed equity round, Series D, for $130M in Aug. 2015 at $28.22/share and $1.7B pre-valuation ($1.8B post money valuation); key investors included Atomico and Baillie Gifford, Khosla Ventures, Founders Fund, Manhattan Venture Partners, DST Global, eBrands.vc, Teamworthy Ventures, Open Field Capital, Torch Capital and Blue {Seed} Collective; the most recent round was a debt round of $30M in Dec. 2019
Provider of an online digital health platform intended to find physicians and schedule appointments; the company's platform assist users to book doctors' and dentists' appointments instantly, make informed choices with verified reviews and stay informed about checkups with tailored reminders, enabling patients to get an accessible, simple and better healthcare experience
Liquidity Watchlist
Raised $1.1B to date in 6 equity rounds and 1 debt round of $200M in Jun 2020; last equity round Series F for $400M in Feb 2020 at $45.45/share and $4.9B post money valuation; key investors include TCV, Tiger Global, Bessemer Venture Partners, G Squared, T. Rowe Price, Lead Edge Capital, among others
The company's cloud-based platform offers a point of sale (POS) system, online ordering and delivery management, quick menu modifications, real-time enterprise reporting, report and analytics as well as a kitchen display system, enabling restaurants to deliver better customer experience, retain employees' happiness and increase revenue
Liquidity Watchlist
Raised $666M to date in 4 equity rounds; last round, Series D, in Nov 2019 for $400M at $2.75B post-money valuation; key investors include CapitalG, Lone Pine Capital, Durable Capital Partners, Baillie Gifford, and Fidelity Management & Research among others
Provides on-demand shipment services designed to connect trucking companies with freight shippers; the company's services utilize a large network of independent trucking companies to match with shippers that need to move freight, enabling the shipping organizations to use relevant data and valuable insights to optimize supply chain performance
Liquidity Watchlist
Raised $413.8M in 5 rounds; the last round was $268M in Sept. 2019 at $2.75B post-valuation; key investors included ICONIQ Capital, Goldman Sachs Group, Y Combinator, Blackrock, Tiger, Coatue, among others
Provides an open-source, code-collaboration platform designed to unify issues, code review, CI and CD into a single UI
Liquidity Watchlist
Raised $303M in debt and equity rounds; last equity of $60M (Series D) in Sept. 2014 at $1B post money valuation; key investors include Accel, Insight Venture Partners, Texas Atlantic Capital, Cloud Apps Capital Partners, OMERS Ventures, Silicon Valley bank, Pine Hill Capital and Fidelity Investments; potential M&A target
Based in Canada, provides a social media management system designed to make connecting with customers faster, smarter and safer
Liquidity Watchlist
Raised $4.03B including the last round Series H of $546M in Sept 2019 at $9.0B post-valuation; investors in the company include Softbank Alpha Venture Partners, Primary Venture Partners, Maverick Ventures (San Francisco), SoftBank Capital, Evolution Corporate Advisors, Pumori Capital, Toba Capital, Crocker Ventures, Beall Investment Partners, IMM Investment and Tekton Ventures
Operates an e-commerce marketplace in Korea. The company's platform offers a diverse selection of merchandise including baby products, fashion, beauty products, consumables and tickets for travel and cultural events, enabling vendors to reach a large number of consumers
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