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 $4.91B in 10 rounds; last round Series I for $600M at $15.1B post valuation and $47.35/share led by Fidelity Mgmt.; other key investors in previous rounds Alibaba Group, Prince Alwaleed Bin Talal, Did, DSCN Capital, General Motors, AllianceBernstein, Janus Henderson, KKR among others
Provides an online marketplace which connects community drivers with passengers who request rides through the company's iPhone or Android application
Liquidity Watchlist
Raised $17.4B in combination of late stage VC rounds (10), corporate rounds (2), and debt rounds (3); current post-valuation is $69.6B; Recent 2Q18 results show improving financials; CEO indicated IPO likely in 2H 2019
Uber is a mobile app connecting passengers with drivers for hire
Liquidity Watchlist
Raised $581M to date in 5 rounds; last major round Series E of $300M in Sept. 2018 at $816M pre-valuation ($1.08B post money valuation); key investors include Founders Fund. Huron River Ventures, BluePointe Ventures, WP Global Partners, Fontinalis Partners, among others; chose bankers and plans to move forward on IPO
Develops an on-demand delivery platform created to enhance delivery experience
Liquidity Watchlist
Raised $1.47B to date in 10 rounds (Series H), including the last round of $150M in June 2018 at $12.3B post valuation and $7.18/share; key investors include Rakuten, Wellington, Goldman Sachs, Andreessen Horowitz, Fidelity, among others; reportedly planning its IPO in April 2019
Pinterest is a "virtual and social pin board" that allows users to share interesting and inspiring ideas, images, and tastes
Liquidity Watchlist
Raised $796.7M in 10 rounds; last round, Series G, in Sept 2017 for $250M at $8.70/share, raising the post valuation to $5.1B; key investors: Accel, Comcast Ventures, GGV Capital, Index Ventures, Sherpa Capital, Spark Capital, Thrive Capital; hired new CFO in Feb. 2018; announced plans for direct listing
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
Liquidity Watchlist
Raised $991M in 6 rounds (Series F), including the last round of $490M in Aug 2018 at $1.4B pre-money ($1.9B post money valuation) and $358.93/share; key investors include T. Rowe Price, Fidelity Management & Research, DST Global, Rancilio Cube, General Catalyst Partners, Colt Ventures, Index Ventures (UK), among others; chose bankers for IPO
Develops integrated at-home fitness equipment designed to engage and adapt to peoples needs; the company's fitness equipment includes a stationary bike fused with a sweat proof tablet that provides live-streaming, instructor-led, group fitness classes, enabling customers to receive an immersive fitness experience
Liquidity Watchlist
Raised $481.2M including the latest round Series E of $200M in June 2018 at $3.4B post-valuation and $116.46/share; key investors include General Atlantic, IVP and Accel, among others
Develops a cloud-based cybersecurity platform designed to prevent, detect, and respond to cyber attacks in real-time. The company's platform uses artificial intelligence and machine learning to offer instant visibility and protection across the enterprise
Liquidity Watchlist
Raised $4.4B in 11 rounds; the last round, Series F, in Jul 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; Hired new CFO, Dave Stephenson, in place of Laurence Tosi, who left in Feb 2018
Operates an online community marketplace for travel accommodations allowing users to both list and rent space from traditional or mobile platforms
Liquidity Watchlist
Raised $2.75B to date in 14 rounds; last major round, Series K, for $880M in January 2016 at $11.38/share and $19.7B pre-valuation ($20.5B post money valuation); key investors include BlackRock Private Equity Partners, GSV Ventures, Third Point, among others
Palantir Technologies offer a suite of software applications for integrating, visualizing and analyzing information
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
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
Provides an open source distributed database management platform designed to power data management for cloud applications
Liquidity Watchlist
Raised $182.3M to date in 4 rounds; last major round, Series D of $110M in Sept. 2015 at $1.7B pre-valuation ($1.8B post money valuation); key investors include Fidelity Investments, CapitalG, Microsoft, Baidu, New Enterprise Associates, Pelion Venture Partners, Venrock, Greenspring Associates, Union Square Ventures and Qualcomm Ventures
Develops a web performance and security platform designed to stop large attacks on the DNS system
Liquidity Watchlist
Raised $440.03M in 7 rounds; last round in Nov 2016 for $400M raised post-valuation to $9.2B [according to an unconfirmed report on Sept 26, Stripe raised additional $245M at $20B valuation]; 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 $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 $519.1M in 8 rounds; the last private transaction in Aug 2017 raised $250M at $2.50B post-valuation; key investors include Permira, 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
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 $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); 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 $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, NEA, among others
Provider of a web publishing platform, the company provides tools for enterprise users of the open-source web publishing platform
Liquidity Watchlist
Raised $14.2B to date; last funding round was $12.8B financing from Altria on Dec. 2018, valuing the company at $38B; other earlier investors include Tiger Global, Sand Hill Angels, E-Squared Capital Mgmt, Fidelity Investments, Darsana Capital Partners, among others
Developes nicotine vaporizers designed to provide an alternative to traditional tobacco products
Liquidity Watchlist
Raised $17.68B to date; last equity round Series B2 in Feb 2018 for $264.8M, raising the post valuation to $57.6B; the company received $500M of corporate financing from Booking Holdings on July 17, 2018; rumored to be considering its IPO in the near term
Provides a mobile ride-hailing application designed to match customers with local drivers in China
Liquidity Watchlist
Raised $454.63M 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 $482.3M in 7 rounds, including the last round of PE Growth of $175M in May 2018 at $5B 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
Liquidity Watchlist
Raised $93.5M to date in 8 rounds; last round Series F for $10M 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
Liquidity Watchlist
Raised $396.2M including the latest debt round of $200M in Aug 2018 and $196.15M in 7 equity rounds; last equity round in Mar 2018 for $20M raising post-valuation to $770M; key investors: Bain Capital, Fidelity, American Express
Provides an online website for renting dresses and accessories intended to revolutionize retail
Liquidity Watchlist
Raised $792M in late-stage VC and Corporate rounds; last equity round in Sept 2017 for $250M, raising post-valuation to $1.75B, and last Corporate round in Jul 2018 of $300M at $2.5B post-valuation; key investors: Sequoia Capital, Fidelity Management & Research, Growth Technology Partners, among others
Operates a consumer genetics and research platform designed to help people access, understand and benefit from the human genome
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