5 Minute Pre-IPO Stock Update - News - Week of Dec 09, 2022 | E12
- Author
- AG Dillon & Co
- Published
- Mon 12 Dec 2022
- Episode Link
- None
Pre-IPO news for the week of Dec 09, 2022.
Large pre-IPO company news;
- Checkout.com (www.checkout.com) strikes product partnership with British retail giant Sainsbury.
- Instacart (www.instacart.com) launched FSA and HSA product search feature.
- Databricks (www.databricks.com) gets approval to sell US government agencies.
- Getir (www.getir.com) buys Gorillas (www.gorillas.io) in all stock deal.
Capital raise highlights for the week;
- Drata (www.drata.com), a compliance technology company, raised a $200m Series C at a $2.0b valuation; a 96% increase from its $1.0b valuation Series B in Nov 2021, 14 months ago.
- Runway (www.runwayml.com), an AI graphic design and video company, raised a $50m Series C at a $500m valuation; a 150% increase from its $200m valuation Series B in Dec 2021, 13 months ago.
Aaron Dillon is the general partner of the AG Dillon Pre-IPO Equity Venture Capital Fund. AG Dillon & Co is a venture capital asset manager and publisher of the AG Dillon Pre-IPO Indexes.
