5 Minute Pre-IPO Stock Update - News - Week of Dec 30, 2022 | E15

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PRE-IPO STOCK NEWS FOR WEEK OF 30 DEC 2022 | Instacart, Plaid, Stark Future

Large company news...
- Instacart cuts internal valuation by 74% from last primary financing round to $10b
- Gopuff partners with Openbay for driver auto benefits
- Plaid lays off 20% of staff in early Dec

Large capital raises...
- Stark Future SL, an electric motorcycle company, raised a $53m Series A at a $510m post money valuation.
- Forum Mobility, a subscription based electric commercial truck solution for businesses, raised $12m at a $63m valuation; a 91% increase over its seed round in Dec 2021, 13 months ago.
- Additional raises from Pallidus, Inc. ($74m Series E), Tic:Toc (not that one | $50m Series D), Aro Biotherapeutics ($24m Series B)

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