The acquisitions point to Twitter’s increased push to shape itself into a broader content delivery platform as news disaggregates. Twitter acquired three companies: Breaker in the podcast discovery space Revue, a newsletter tool and Ueno, a digital agency. In the semiconductor industry, Qualcomm acquired Nuvia, a startup chipmaker founded by Apple engineers. The largest acquisition of a venture-backed company last month was for work collaboration company Wrike, which was purchased for $2.3 billion by Citrix Systems.
M&A tracked at $16 billion in January 2021, the fifth-highest monthly amount in the past two years for acquisitions with disclosed prices. Month over month, M&A counts were up, reaching 193 in January 2021 - an all time high - with January 2019 the second-highest month for acquisition counts per Crunchbase. Overall, M&A activity was up when assessed by price during 2020. The second-fastest to IPO was cancer therapy company Gracell Biotechnologies from the Jiangsu province in China, a company founded in 2017. The fastest to go public was RELX Technology, which is based in Beijing and was just founded in 2018. And fashion reseller Poshmark, based in the Silicon Valley, went public at $3 billion, raising $277 million.
Clover Health merged with Chamath Palihapitiya’s special purpose acquisition company Social Capital Hedosophia III at $3.7 billion. On the public markets front, point-of-sale loans company Affirm - which delayed its initial public offering in December - finally went public last month, raising $1.2 billion and soaring on the first day of trading. Germany added three new unicorns, including its most highly valued new unicorn, startup fintech Mambu at $2.1 billion. The most highly valued of those was Hive Box, a logistics startup with package drop-off and pickup stations across the country. Ĭhina created four new unicorns last month.
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Atlanta’s Calendly was the second most highly valued new U.S.-based unicorn, having raised a Series B of $350 million led by OpenView. alone had 23 new unicorns join the board last month, with the largest valuation at $4 billion for Zapier in a secondary investment led by Sequoia Capital. New unicorns joined Crunchbase’s Unicorn Board in January at a dizzying clip of more than one each day - the highest count of new unicorns in a month ever. New unicorns at the highest count per month ever Robinhood went on to raise another $2.4 billion in early February. The largest funding rounds went to Michigan-based electric vehicle company Rivian ($2.65 billion), self driving technology company Cruise ($2 billion) headquartered in San Francisco, Hong Kong-based logistics delivery company Lalamove ($1.5 billion), and Robinhood, the Silicon Valley-based day trading app at the center of the controversy around the stock-price surges in GameStop and other companies ($1 billion). The number of $100 million-plus funding rounds shot up in January, an all time record, according to Crunchbase data. Rounds $100 million and above rise significantly
GV, the venture arm of Alphabet, and GGV Capital are the two multistage venture firms that invested in a greater number of new portfolio companies than existing follow-on investments last month. This was not the case in prior months with venture capital firms actively seeking out new investment opportunities in private companies experiencing increased consumer demand during the pandemic. The most active venture capital firms - namely Andreessen Horowitz, Accel, New Enterprise Associates, Lightspeed Venture Partners, Index Ventures, Khosla and Bessemer Venture Partners - primarily invested in existing portfolio companies in January. Rowe Price and BlackRock, had close to equal or the majority of investments in new portfolio companies. The most active private equity and alternative investors, including Insight Partners, Tiger Global Management, Coatue, T. Private equity adds new portfolio companies Sectors which grew in January include delivery, robotics, logistics, automotive, fintech, and cloud computing. A larger proportion of dollars in these funding spikes was also invested in late-stage venture capital - around 69 percent - with the lion’s share of capital going to Series C+ and private-equity rounds in venture-backed companies. January’s funding total topped the previous monthly high of the last two years July 2020 at $38.5 billion. Venture funding in January 2021 hit at an all-time monthly high of $39.9 billion, an analysis of Crunchbase data shows.
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