Liquidity Watchlist as of August 28th, 2017
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 July 26th, 2017.
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#1 DocuSignΔ5
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 DropboxΔ-1
Raised $1.72B in 9 rounds, including the last debt round of $600M in March 2017; last post money valuation $10.38B in Feb. 2014 at $19.10/share; key investors include Fidelity, Black Rock, Morgan Stanley, Salesforce Ventures
Provides users with the ability to store and access files online from any location at any time
#3 SpotifyΔ-1
Raised $2.1B to date, including $1.1B equity and $1B debt; most recent round was a convertible debt round in March 2016 of $1.0B; last equity round, Series G, in June 2015 for $526M at $8.53B post valuation; appointed new CFO in 2015
Largest on-demand music subscription service in the world with 40 mil paying & over 100 mil active listeners; +30 mil songs in music library; $10/month subscription rate
#4 MongoDBΔ-1
Hired former TIBCO CFO as CFO; last round $80M in Jan 2015 at $1.80B valuation and $16.72/share; included Fidelity, Sequoia and Salesforce
A data management company that provides a NoSQL and big data database that enables business to be more agile and scalable
#5 AppNexusΔ-1
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, SharesPost 100 Fund, Deutsche Telekom Capital Partners, Fidelity Investments, among others
Provides trading solutions and powers marketplaces for Internet advertising
#6 AirbnbΔ1
Raised $4.4B in 11 rounds; the last round, Series F, in Mar 2017 for $1.0B at $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
#7 PinterestΔ1
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 Rakuten, Wellington, Goldman Sachs, Andreessen Horowitz, Fidelity, among others
Pinterest is a "virtual and social pinboard" that allows users to share interesting and inspiring ideas, images, and tastes
#8 Palantir TechnologiesΔ1
Raised $2.75B to date in 14 rounds; last round Series K for $880M in December 2015 at $11.38/share and $20.53B 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
#9 DataXUΔ1
Raised $93.5M to date in 8 rounds; last round Series F for $10.0M in January 2016 at $1.99/share and $390M post money valuation
Provides real-time media management platform; develops a platform for digital advertising campaigns across online, mobile and video channels
#10 TaniumΔ1
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
#11 FlipkartΔ2
Raised $4.8B in 11 rounds; last round (Corporate) for $1.4B at $11.6B valuation; key investors Qatar Authority, T. Rowe, Tiger, Accel, DST, eBay, Microsoft, Tencent
eCommerce site for electronics, home appliances, books, music and movies; operates exclusively in India; registered and based in Singapore
#12 GlassdoorΔ0
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
#13 StripeΔ2
Raised $445M in 11 rounds; last round in Mar 2017 for $5.05M at $9.20B post-valuation; key investors: General Catalyst Partners, CapitalG, Sequoia Capital, Peter Thiel and Elon Musk
The company provides a suite of APIs to enable businesses to accept and manage online payments
#14 BuzzfeedΔ2
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
#15 Slack TechΔ-1
Raised $546.7M in 8 rounds; last round in April 2016 for $200M at $5B post-valuation and $7.80/share; key investors: Accel Partners, Comcast Ventures, GGV Capital, Index Ventures, Sherpa Capital, Spark Capital, Thrive Capital
Develops real time messaging, archiving and search tool; provides a collaboration platform that lets users to port conversations and links to other work from other applications
#16 LyftΔ1
Raised $2.61B in 10 rounds; last round Series G for $600M at $7.5B post valuation and $32.15/share; key investors: Alibaba Group, Al-Waleed Bin Abdul-Aziz, Didi, DSCN, General Motors, Alliance Bernstein, Janus, KKR among others; the company is working closely with General Motors on testing self driving electric cars
Provides an online marketplace which connects community drivers with passengers who request rides through the company's iPhone or Android application
#17 UberΔ2
Raised $14.69B in 15 rounds, including a $1.0B corporate investment from Didi Chuxing in August 2016 at $68B post-valuation, and a $30M investment from Kumpulan Wang Persaran of Malaysia in September 2016 at $68B post-valuation
Uber is a mobile app connecting passengers with drivers for hire
#18 WeWorkΔ0
Raised $4.69B in 9 rounds; last round Series G for $3.0B led by Softbank Group's Vision Fund at $23B 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 InstacartΔ3
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
#20 AcquiaΔ1
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
#21 KlarnaΔ-1
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
#22 SoFiΔ1
Raised $1.87B in 8 rounds; last round Series G for $452.9M in Mar 2017 at $17.18/share and $4.35B post valuation
SoFi is a leading marketplace lender and the #1 provider of student loan refinancing with over $4 billion loans originated to date
#23 ZuoraΔ1
Raised $250M in 6 rounds; last round Series F for $115M in Mar. 2015 at $3.80 per share and $738.1M post valuation
Provides on-demand subscription billing and Relationship Business Management (RBM) platform. The company's end-to-end subscription management platform helps the businesses in automating recurring billing and collections, configuring, pricing as well as quoting for recurring revenue businesses
#24 Rent The RunwayΔ1
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
#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