February 16, 2021

Sequoia’s Doug Leone turns on Trump

[] Sequoia’s Doug Leone turns on Trump | Fortune© 2020 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our u003ca href="https://fortune.com/terms-of-use/">Terms of Useu003c/a> and u003ca href="https://fortune.com/privacy-policy/">Privacy Policyu003c/a> | u003ca href="/california-privacy-policy/#notice">CA Notice at Collection and Privacy Noticeu003c/a> | u003ca href="https://fortune.com/right-to-opt-out/">Do Not Sell My Personal Informationu003c/a> | u003ca href="http://preferences-mgr.trustarc.com/?pid=fortunemedia01&aid=fortunemedia01_pub&type=fortunemedia">Ad Choices u003c/a>u003cbr />nFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.u003cbr />nQuotes delayed at least 15 minutes. 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He has since renounced his backing.","caption":"","crops":[],"height":2396,"imageSize":"article-featured-image","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1027755238.jpg?quality=60&resize=60,40","postId":2939351,"retina":true,"showCaption":true,"sources":[{"transforms":{"resize":[750,500]},"descriptor":750,"media":{"min":"lg"}},{"transforms":{"resize":[500,333.34]},"descriptor":500,"media":{"min":"md"}},{"transforms":{"resize":[375,250]},"descriptor":375,"media":{"max":"md"}}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1027755238.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1027755238.jpg?resize=1500,1000 1500w,https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1027755238.jpg?resize=750,500 750w,https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1027755238.jpg?resize=1000,666 1000w,https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1027755238.jpg?resize=500,333 500w,https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1027755238.jpg?resize=750,500 750w,https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1027755238.jpg?resize=375,250 375w","url":"https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1027755238.jpg","useBasicImg":false,"usingDataFallback":false,"width":3602,"credit":"(Photo by Steve Jennings/Getty Images for TechCrunch)","fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"(min-width: 64rem) 750px,(min-width: 48rem) 500px,(max-width: 48rem) 375px,100vw"},"children":[]}]},{"name":"article-body","config":{"mediaType":"image","premiumCategory":"P-Newsletter"},"children":[{"name":"gutenberg-content","config":{},"children":[{"name":"html","config":{"content":" u003cp>Doug Leone, a venture capitalist at Sequoia Capital, was among the few prominent supporters of President Donald Trump in the tech community.u003c/p> u003cp>While quiet to the media in his support, the investor has donated hundreds of thousands to Trump-related re-election campaigns and reportedly sought to use his ties in a bid to help keep a Sequoia portfolio company, Chinese-backed u003ca href="https://www.wsj.com/articles/general-atlantic-sequoia-capital-are-key-drivers-in-oracle-bid-for-tiktok-11598310734">social media company ByteDanceu003c/a>, from being banned in the U.S.u003c/p>u003cp>u003c!-- piano selector -->u003c/p>u003cdiv class="paywall"> u003cp>On Wednesday, the investor at the influential venture capital firm came out to publicly denounced Trump’s actions following the storming of u003ca href="https://fortune.com/2021/01/07/us-capitol-police-protesters-riot-overtake/">Capitol Hill last weeku003c/a>.u003c/p> u003cp>“I strongly condemn the attack on the US Capitol and all acts of violence,” Leone wrote in a statement as first reported by u003ca href="https://www.vox.com/recode/2021/1/13/22228203/doug-leone-donald-trump-sequoia-capital-capitol-riot">Recodeu003c/a>. “After last week’s horrific events, President Trump lost many of his supporters, including me. The actions of the President and other rally speakers were responsible for inciting the rioters.”u003c/p> u003cp>And in a nod to President-elect Joe Biden, he continued: “We need to find the best way to move forward as a country, get behind our newly-elected President, and start working on the many difficult issues facing America.”u003c/p> u003cp>Sequoia itself declined to comment. Though notably, fellow Sequoia investor Mike Moritz has donated heavily to u003ca href="https://www.forbes.com/sites/michelatindera/2020/10/14/at-least-15-billionaires-have-now-donated-to-the-anti-trump-lincoln-project/?sh=7d30fa6650bb">Democratic causesu003c/a> and has not been shy about his criticisms of Trump in years past.u003c/p> u003cp>At any rate, eyes now turn to others who have supported Trump in the past within tech, including u003ca href="https://fortune.com/company/oracle/" target="_blank">Oracleu003c/a> Chairman Larry Ellison and venture capitalist Peter Thiel, who has in recent months distanced himself from u003ca href="https://www.wsj.com/articles/tech-tycoon-peter-thiel-shies-from-trump-reelection-campaign-11593730590">Trump altogetheru003c/a>.u003c/p> u003cp>u003cstrong>THE FIRST-DAY POP: u003c/strong>Buy-now-pay-later fintech Affirm went public yesterday after significantly bumping up its IPO price. And then the stock u003ca href="https://fortune.com/2021/01/13/affirm-goes-public-at-49-ceo-touts-firms-principled-approach-to-credit/">rose over double in its first day of tradingu003c/a>, enriching u003ca href="https://fortune.com/2020/11/19/shopify-will-be-a-major-winner-in-affirms-ipo/">investorsu003c/a> and founder Max Levchin alike—but also inevitably raising the question as to whether the company had u003ca href="https://fortune.com/2021/01/13/affirm-ipo-afrm-stock-shares-initial-public-offering/">left money on the tableu003c/a>.u003c/p> u003cp>Markets are frothy right now. Airbnb is now valued at over $105 billion on an undiluted basis, a new high. Explanations of the stock’s rise centered around optimism towards a return back to normal and a rejuvenation in the travel industry. Makes sense, as vaccines are coming back. But if that is the case, then why the heck is DoorDash’s stock also hitting an all-time high? The food delivery company’s shares have soared as social isolation has become a norm. Now, the company is valued at $66 billion.u003c/p> u003ch3>VENTURE DEALSu003c/h3>nu003cp>– u003ca href="https://www.grab.com/sg/grab-financial-group/">u003cstrong>Grab Financial Groupu003c/strong>u003c/a>, a Singapore-based fintech linked to the ridesharing firm, raise dover $300 million in Series A funding. u003cstrong>Hanwha Asset Managementu003c/strong> led the round and was joined by investors including u003cstrong>K3 Ventures, GGV Capital, Arbor Venturesu003c/strong>, and u003cstrong>Flourish Ventures.u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.sennder.com/">u003cstrong>sennderu003c/strong>u003c/a>, a Berlin-based logistics tech company, raised $160 million in Series D funding, valuing it at over $1 billion. Investors included u003cstrong>Accel, Lakestar, HV Capital, Project A,u003c/strong> and u003cstrong>Scaniau003c/strong>.u003c/p>nu003cp>– u003ca href="http://www.iobiotech.com/">u003cstrong>IO Biotechu003c/strong>u003c/a>, a Copenhagen, Denmark-based clinical-stage biopharmaceutical company developing cancer therapies, raised €127 million in Series B funding. u003cstrong>HBM Healthcare u003c/strong>led the round.u003c/p>nu003cp>– u003ca href="https://www.premise.com/">u003cstrong>Premise Datau003c/strong>u003c/a>, a San Francisco-based data and analysis company, raised $65 million in Series E funding. u003cstrong>WestCap Groupu003c/strong> led the round and was joined by investors including u003cstrong>NightDragon, Winslow Capital, DRW,u003c/strong> andu003cstrong> Vista Credit Partnersu003c/strong>, the credit-lending arm of Vista Equity Partners. u003c/p>nu003cp>– u003ca href="https://budbee.com/">u003cstrong>Budbeeu003c/strong>u003c/a>, a Swedish, logistics startup, raised €52 million. u003cstrong>AMFu003c/strong> led the round.u003c/p>nu003cp>– u003ca href="https://www.jobnimbus.com/about/">u003cstrong>JobNimbusu003c/strong>u003c/a>, a Lehi, Ut.-based software maker, raised $53 million in funding. u003cstrong>Mainsail Partnersu003c/strong> was the investor.u003c/p>nu003cp>– u003ca href="https://www.komodohealth.com/">u003cstrong>Komodo Healthu003c/strong>u003c/a>, a San Francisco-based health data company, raised $44 million in Series D funding led byu003cstrong> ICONIQ Growthu003c/strong>. Previous investorsu003cstrong> Andreessen Horowitz, Oak HC/FT, IA Ventures, Felicis Ventures,u003c/strong> and u003cstrong>McKesson Ventures u003c/strong>also participated in the round.u003c/p>nu003cp>– u003ca href="https://www.iziwork.com/">u003cstrong>iziworku003c/strong>u003c/a>, a Paris-based recruitment platform, raised $43 million from u003cstrong>Cathay Innovation u003c/strong>and u003cstrong>Bpifrance.u003c/strong>u003c/p>nu003cp>u003cstrong> u003c/strong>– u003ca href="https://www.lahaus.mx/">u003cstrong>La Hausu003c/strong>u003c/a>, the a Mexico City-based proptech company operating in Mexico and Colombia, raised $35 million in Series B funding. u003cstrong>Greenspring Associatesu003c/strong> led the round and was joined by investors including u003cstrong>Acrew Capital, Kaszek Ventures, NFX, IMO Venturesu003c/strong>, and Zillow co-founder u003cstrong>Spencer Rascoff. u003c/strong>u003c/p>nu003cp>– u003ca href="https://carbyne911.com/">u003cstrong>Carbyneu003c/strong>u003c/a>, a New York-based maker of emergency communication technology, raised $25 million in Series B1 funding. u003cstrong>Hanaco Ventures u003c/strong>and u003cstrong>ELSTED Capital Partnersu003c/strong> led the round and were joined by former CIA Director General u003cstrong>David Petraeus, Founders Fund, u003c/strong>and u003cstrong>FinTLVu003c/strong>.u003c/p>nu003cp>– u003ca href="https://urldefense.proofpoint.com/v2/url?u=http-3A__getmoss.com&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=1Bz-75XDBTROACbjcFo8SL-J-CjaB5VY9Td1h1aRuIk&m=iKAVi6Uyypy7oa8sKMQbVh71udLr5buTgwKDOFxkub8&s=2LHEI3VEyCqowJQkg48GyTisBu2i-L40cm6aU5DWOA8&e=">u003cstrong>Mossu003c/strong>u003c/a>u003cstrong>,u003c/strong> a Berlin-based payment platform and credit card for small-midsize businesses, raised €21 million of Series A funding. u003cstrong>Valar Ventures u003c/strong>led and was joined by u003cstrong>Cherry Venturesu003c/strong> and u003cstrong>Global Founders Capitalu003c/strong>.u003c/p>nu003cp>– u003ca href="https://weezy.co.uk/">u003cstrong>Weezu003c/strong>u003c/a>, a London-based supermarket delivery company, raised $20 million in Series A funding.u003cstrong> Left Lane Capitalu003c/strong> led the round and was joined by investors including u003cstrong>DN Capitalu003c/strong>, u003cstrong>Heartcore Capital, u003c/strong>and Groupon founder u003cstrong>Chris Muhru003c/strong>. u003ca href="https://techcrunch.com/2021/01/13/uk-on-demand-supermarket-weezy-raises-20m-series-a-led-by-nycs-left-lane-capital/">Read moreu003c/a>.u003c/p>nu003cp>– u003ca href="https://xentral.com/en/">u003cstrong>Xentralu003c/strong>u003c/a>, a German maker of business planning software for small and medium-sized businesses, raised $20 million in Series A funding.u003cstrong> Sequoia Capital u003c/strong>led the round and was joined by investors including u003cstrong>Visionaries Club. u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.decisionlink.com/">u003cstrong>DecisionLinku003c/strong>u003c/a>, an Atlanta-based company focused on sales, raised $18.5 million in Series A funding.  u003cstrong>Accelu003c/strong> led the round.u003c/p>nu003cp>– u003ca href="https://stacklet.io/">u003cstrong>Stackletu003c/strong>u003c/a>, an Arlington, Va.-based developer of a cloud governance platform, raised $18 million in Series A funding. u003cstrong>Additionu003c/strong> led the round and was joined by investors including u003cstrong>Foundation Capital u003c/strong>andu003cstrong> Liam Randallu003c/strong>. u003c/p>nu003cp>– u003ca href="https://www.tradeswell.com/">u003cstrong>Tradeswellu003c/strong>u003c/a>, a Baltimore, Md.-based maker of an e-commerce platform, raised $15.5 million in Series A funding. u003cstrong>SignalFireu003c/strong> led the round and was joined by investors including u003cstrong>Construct Capitau003c/strong>l, u003cstrong>Allen & Companyu003c/strong>, and u003cstrong>The Emerson Group.u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.lumiata.com/">u003cstrong>Lumiatau003c/strong>u003c/a>, a San Mateo, Calif.-based healthcare A.I. company, raised $14 million in Series B funding. u003cstrong>Defy.vcu003c/strong> and u003cstrong>AllegisNL Capital u003c/strong>led the round and were joined by u003cstrong>Khosla Venturesu003c/strong> and u003cstrong>Blue Venture Fund. u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.recvue.com/">u003cstrong>RecVueu003c/strong>u003c/a>, a Palo Alto, Calif.-based billing software maker, raised $13 million in Series A funding.u003cstrong> Cota Capitalu003c/strong> led the round and was joined by investors including u003cstrong>Epic Ventures u003c/strong>and u003cstrong>Long Light Capital.u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.nayya.com/">u003cstrong>Nayyau003c/strong>u003c/a>, a New York-based insurance benefits company, raised $11 million in Series A. u003cstrong>Felicis Venturesu003c/strong> led the round and was joined by investors including u003cstrong>Social Leverage, Guardian Life, Cameron Venturesu003c/strong>, and u003cstrong>Unum Business Ventures.u003c/strong>u003c/p>nu003cp>– u003ca href="https://urldefense.proofpoint.com/v2/url?u=https-3A__shottracker.com_&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=xi897mlTxaCPSXeaz6ZDt8E_2-2j_cH4qMQdw3H6op8&m=cF2siSV-RplkuD1u_-Qhgnoq1XWaL0XdgPW-GLyk7q0&s=Y5vp-_IsdZvXRxG9KpfrKOBUCJCu2vXZUkwTnmG98_Y&e=">u003cstrong>ShotTrackeru003c/strong>u003c/a>u003cstrong>,u003c/strong> a Kansas City-based sports analytics company, raised $11 million in funding. u003cstrong>Evertz Technologies u003c/strong>andu003cstrong> Verizon Ventures u003c/strong>were the investors.u003c/p>nu003cp>– u003ca href="https://www.ar.ca/">u003cstrong>Arcau003c/strong>u003c/a>u003cstrong>,u003c/strong> a Los Angeles-based asset management firm focused on investing in digital assets, raised $10 million in Series A funding. u003cstrong>RRE Venturesu003c/strong> led the round.u003c/p>nu003cp>– u003ca href="https://www.watchtowerbenefits.com/">u003cstrong>WatchToweru003c/strong>u003c/a>, a Chicago-based company focused on insurance paperwork now known as ThreeFlow, raised $8 million.u003cstrong> Emergence Capitalu003c/strong> led the round and was joined by investors includingu003cstrong> Equal Ventures u003c/strong>and u003cstrong>First Trust Capital Partners.u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.oncolens.com/">u003cstrong>OncoLensu003c/strong>u003c/a>, an Atlanta-based company focused on tumor board and cancer treatment planning solutions, raised $7.3 million in Series A funding. Investors included u003cstrong>BIP Capital, Martin Venturesu003c/strong>, and u003cstrong>SeedToB Capital.u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.kuatostudios.com/">u003cstrong>Kuato Studiosu003c/strong>u003c/a>, a U.K.-based edtech company focused on games, raised £4.5 million ($6 million). u003cstrong>Horizons Venturesu003c/strong> led the round.u003c/p>nu003cp>– u003ca href="https://drata.com/">u003cstrong>Dratau003c/strong>u003c/a>, a San Diego-based  compliance and security automation company, raised $3.2 million in seed funding. u003cstrong>Cowboy Venturesu003c/strong> led the round and was joined by investors including u003cstrong>Leaders Fund, u003c/strong>and u003cstrong>SV Angel.u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.hu.man.ai/">u003cstrong>Human AIu003c/strong>u003c/a>, a San Diego, Calif.-based company creating personalized A.I., raised $3.2 million. u003cstrong>Differential VCu003c/strong> led the round and was joined by investors including u003cstrong>Village Global VC, Good Friends VC, Beni VCu003c/strong> andu003cstrong> Keshif Venturesu003c/strong>. u003ca href="https://techcrunch.com/2021/01/13/human-ai-nabs-3-2m-seed-to-build-personal-intelligence-platform/">Read moreu003c/a>.u003c/p>nu003cp>– u003ca href="https://www.frankie.health/">u003cstrong>Frankie Healthu003c/strong>u003c/a>, a Dublin-based mental health platform for organisations, raised $1.3 million. Investors included u003cstrong>E15 VC. u003c/strong>u003c/p>nu003cp>– u003ca href="https://blog.gopicky.com/">u003cstrong>Pickyu003c/strong>u003c/a>, a Seoul and Palo Alto, Calif.-based beauty content company, raised $1.3 million in pre-seed funding. u003cstrong>NLVCu003c/strong> led the round and was joined by investors including u003cstrong>Wishcompanyu003c/strong> and u003cstrong>Klim Ventures.u003c/strong>u003c/p>nu003ch3>PRIVATE EQUITYu003c/h3>nu003cp>– u003cstrong>Sixth Street u003c/strong>invested $500 million in u003ca href="https://convexin.com/">u003cstrong>Convex Groupu003c/strong>u003c/a>, a London-based specialty insurer and reinsurer.u003c/p>nu003cp>– u003cstrong>GIC, Siemens, Fidelity Management and Researchu003c/strong>, and u003cstrong>Mubadala Investment Company u003c/strong>invested $720 million in u003ca href="https://urldefense.proofpoint.com/v2/url?u=https-3A__www.thoughtworks.com_-3Futm-5Fcampaign-3Dprivateplacement-26utm-5Fmedium-3Dpr-26utm-5Fsource-3Dprnewswire&d=DwMGaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=xi897mlTxaCPSXeaz6ZDt8E_2-2j_cH4qMQdw3H6op8&m=OFFK04WKiLJ7bB6JN-DEOFnY_v7_KwuHiorQBlIDZJA&s=yVfM5zt0JAcnSOo7MPgTBsRNQM7N0xlcM23b7vS0-Hk&e=">ThoughtWorksu003c/a>, a Chicago-based software consultancy, valuing it at $4.6 billion.u003c/p>nu003cp>– u003cstrong>Warburg Pincus u003c/strong>invested $125 million in u003ca href="https://www.lendingpoint.com/">u003cstrong>LendingPointu003c/strong>u003c/a>, an Atlanta, Ga.-based financial technology platform. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Assured Healthcare Partnersu003c/strong> invested in u003ca href="https://allieddigestivehealth.com/">u003cstrong>Allied Digestive Healthu003c/strong>u003c/a>, a New Jersey-based gastroenterology practice. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Blackford Capitalu003c/strong> invested in u003ca href="https://www.aqualeisure.com/">u003cstrong>Aqua-Leisure Industriesu003c/strong>u003c/a>, a Massachusetts-based provider of water sport goods. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Blue Sage Capital u003c/strong>invested in u003ca href="https://www.impactfloors.com/">u003cstrong>Impact Floorsu003c/strong>u003c/a>, a Dallas, Tx.-based flooring and countertop replacement services company. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>BV Investment Partners u003c/strong>made a majority investment in u003ca href="https://www.talentinc.com/">u003cstrong>Talentu003c/strong>u003c/a>, a New York-based career services company. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>CC Capitalu003c/strong> and u003cstrong>Motive Partnersu003c/strong> acquired u003ca href="https://wilshire.com/">u003cstrong>Wilshire Associatesu003c/strong>u003c/a>, a Santa Monica, Calif.-based investment advisory company. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Corlex Capitalu003c/strong> acquired u003ca href="https://www.wingstop.com/menu/wings-by-the-piece/10-wings">u003cstrong>10 Wingstopu003c/strong>u003c/a>u003cstrong> restaurantsu003c/strong> in Indianapolis and Boston. It also signed an agreement with u003cstrong>Wingstop Inc. u003c/strong>(NASDAQ: WING) to develop or acquire an additional 13 restaurants. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Critical Process Systems Group, u003c/strong>a portfolio company ofu003cstrong> Wynnchurch Capital,u003c/strong> acquired u003ca href="https://www.nsi-mfg.com/">u003cstrong>Nuance Systemsu003c/strong>u003c/a>, a Porland, Ore.-based maker of chemical delivery systems and sensing technologies to the semiconductor and solar industries. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>General Atlanticu003c/strong> took a majority stake in u003ca href="https://caremetx.com/">u003cstrong>CareMetxu003c/strong>u003c/a>, a company for patient access to specialty medications. u003cstrong>The Vistria Group, u003c/strong>the existing majority shareholder in CareMetx, will maintain a stake. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Housatonic Partners u003c/strong>invested in u003ca href="https://workingsolutions.com/">u003cstrong>Working Solutionsu003c/strong>u003c/a>u003cstrong>, u003c/strong>a Dallas, Tx.-based provider of contact center outsourcing. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Lipari Foods, u003c/strong>a portfolio company ofu003cstrong> H.I.G., u003c/strong>acquired the assets of u003ca href="https://tutsamerica.com/">u003cstrong>Tut’s Internationalu003c/strong>u003c/a>u003cstrong>, u003c/strong>a Dearborn, Mich.-based importer of Middle Eastern and Eastern European foods. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Pluralsightu003c/strong> (Nasdaq: PS), backed by u003cstrong>Vista Equity Partnersu003c/strong>, acquired u003ca href="https://next.tech/">u003cstrong>Next Techu003c/strong>u003c/a>, a San Diego, Calif.-based provider of cloud-based computing environments. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>PSG u003c/strong>merged u003ca href="https://www.mealticket.com/">u003cstrong>Meal Ticketu003c/strong>u003c/a> and u003ca href="https://www.trackmax.com/">u003cstrong>Trackmaxu003c/strong>u003c/a>, two revenue analytics companies based in Boise, Id. and Cape Coral, Fla. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Renovus Capital Partnersu003c/strong> invested in u003ca href="https://www.inflowcomm.com/">u003cstrong>Inflow Communicationsu003c/strong>u003c/a>, a  Portland, Ore.-based provider of advisory services for call center. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Salt Creek Capitalu003c/strong> acquired u003ca href="https://cul-mac.com/">u003cstrong>Cul-Mac Industriesu003c/strong>u003c/a>, a Wayne, Mich.-based chemical blending, filling, and packaging company. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>SFW Capital Partnersu003c/strong> recapitalized u003ca href="https://www.caronproducts.com/">u003cstrong>Caron Products and Servicesu003c/strong>u003c/a>, a provider of laboratory equipment used in small and large molecule drug development and manufacturing. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Stoic Holdingsu003c/strong> and u003cstrong>Aldine Capital Partnersu003c/strong> partnered to invest inu003ca href="http://accelevator.com/">u003cstrong> Accredited Home Elevatoru003c/strong>u003c/a>, a Barnegat, N.J.-based home elevator manufacturer, installer, and servicer. Financial terms weren’t disclosed.u003c/p>nu003ch3>EXITSu003c/h3>nu003cp>– u003cstrong>BBH Capital Partners u003c/strong>acquired u003ca href="https://dynagrid.com/">u003cstrong>DynaGridu003c/strong>u003c/a>, a Dallas, Tx.-based providers of subgrade and sitework services for electric utility transmission infrastructure, from u003cstrong>CIC Partnersu003c/strong>. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>Entrustu003c/strong> acquired u003ca href="https://www.hytrust.com/">u003cstrong>HyTrustu003c/strong>u003c/a>, a Mountainview, Calif.-based data encryption company. Investors of HyTrust includedu003cstrong> Advance Venture Partners, Sway Ventures,u003c/strong> and u003cstrong>Vanedge Capitalu003c/strong>. Financial terms weren’t disclosed.u003c/p>nu003cp>– u003cstrong>PowerPlant Venturesu003c/strong> acquired u003ca href="https://www.zico.com/">u003cstrong>ZICO coconut wateru003c/strong>u003c/a> from u003cstrong>The Coca-Cola Companyu003c/strong> (NYSE: KO). Financial terms weren’t disclosed.u003c/p>nu003ch3>OTHERu003c/h3>nu003cp>– u003ca href="https://www.telefonica.com/en/home">u003cstrong>Telefonicau003c/strong>u003c/a>u003cstrong>,u003c/strong> a Spanish telecom company, agreed to sell its mobile phone masts in Europe and Latin America tou003cstrong> American Towers u003c/strong>for 7.7 billion euros ($9.41 billion).u003c/p>nu003cp>– u003cstrong>Qualcomm Technologiesu003c/strong> (Nasdaq: QCOM), will acquire u003ca href="http://www.nuviainc.com/">u003cstrong>Nuviau003c/strong>u003c/a>, a Santa Clara, Calif.-based silicon company for about $1.4 billion.u003c/p>nu003cp>– u003cstrong>Cargill,u003c/strong> a Minneapolis-based food company, is in talks to sell its sugar trading business, u003ca href="http://www.alvean.com/">u003cstrong>Alveanu003c/strong>u003c/a>, to u003cstrong>Copersucar SAu003c/strong>. u003ca href="https://www.bloomberg.com/news/articles/2021-01-13/cargill-is-in-talks-to-exit-global-sugar-trading-business?srnd=deals">Read moreu003c/a>.u003c/p>nu003cp>– u003cstrong>Amazonu003c/strong> plans to make a bid for the TV rights of u003cstrong>Serie Au003c/strong>, an Italy-based soccer league competition, per Bloomberg citing sources. u003ca href="https://www.bloomberg.com/news/articles/2021-01-13/amazon-is-said-to-plan-to-bid-for-italy-s-top-soccer-tv-rights?srnd=deals">Read moreu003c/a>.u003c/p>nu003ch3>IPOsu003c/h3>nu003cp>– u003ca href="https://about.petco.com/">u003cstrong>Petco Health and Wellness Companyu003c/strong>u003c/a>, the San Diego, Calif.-based pet goods retailer, raised $864 million. u003cstrong>CVC Capital Partners u003c/strong>and theu003cstrong> Canadian Pension Plan Investment Boardu003c/strong> back the company.u003c/p>nu003cp>– u003ca href="https://www.yuntongxun.com/aboutus">u003cstrong>Beijing Ronglian Yitong Information Technologyu003c/strong>u003c/a>, a Chinese Chinese cloud communications company, is weighing an IPO to raise $500 million, per Bloomberg.u003cstrong> Sequoiau003c/strong> backs the firm. u003ca href="https://www.bloomberg.com/news/articles/2021-01-13/sequoia-backed-cloud-tech-firm-is-said-to-weigh-500-million-ipo?srnd=deals">Read moreu003c/a>.u003c/p>nu003cp>– u003ca href="https://poshmark.com/">u003cstrong>Poshmarku003c/strong>u003c/a>, a second-hand retail marketplace, raised $277 million. u003cstrong>Mayfield, GGV Capital,u003c/strong> and u003cstrong>Menlo Ventures u003c/strong>back the firm. u003ca href="https://www.sec.gov/Archives/edgar/data/1825480/000119312521007531/d66583ds1a.htm">Read moreu003c/a>. u003c/p>nu003cp>– u003ca href="https://sana.com/">u003cstrong>Sana Biotechnologyu003c/strong>u003c/a>, a Seattle-based preclinical biotech developing engineered cell therapies, filed to raise $150 million. Investors include u003cstrong>ARCH Venture Partners u003c/strong>andu003cstrong> Flagship Pioneering. u003c/strong>u003ca href="https://www.sec.gov/Archives/edgar/data/1770121/000119312521007483/d60414ds1.htm">Read moreu003c/a>.u003c/p>nu003cp>– u003ca href="https://landosbiopharma.com/">u003cstrong>Landos Biopharmau003c/strong>u003c/a>, a Blacksburg, Va.-based biotech focused on autoimmune diseases, filed to raise $100 million. u003cstrong>Perceptive Advisorsu003c/strong> backs the firm. u003ca href="https://www.sec.gov/Archives/edgar/data/1785345/000119312521008210/d89081ds1.htm">Read moreu003c/a>.u003c/p>nu003cp>– u003cstrong>First High-School Education Groupu003c/strong>, a Chinese operator of private high schools, filed to raise $100 million. u003cstrong>EQT u003c/strong>backs the firm. u003ca href="https://www.sec.gov/Archives/edgar/data/1786182/000119312521008104/d778539df1.htm">Read moreu003c/a>.u003c/p>nu003ch3>SPACSu003c/h3>nu003cp>– u003cstrong>Z-Work Acquisitionu003c/strong>, a SPAC targeting work tech, filed to raise $200 million.u003cstrong> P. Schoenfeld Asset Managemenu003c/strong>t is an investor. u003ca href="https://www.sec.gov/Archives/edgar/data/1828438/000121390021001836/fs12021_zworkacq.htm">Read moreu003c/a>.u003c/p>nu003cp>– u003cstrong>Clarim Acquisitionu003c/strong>, a SPAC founded in part by 1-800-Flowers.com founder James McCann and is targeting an e-commerce business, filed to raise $250 million. u003ca href="https://www.sec.gov/Archives/edgar/data/1831937/000121390021002014/fs12021_clarimacquisition.htm">Read moreu003c/a>.u003c/p>nu003cp>– u003cstrong>Pivotal Investment Corp IIIu003c/strong>, a SPAC by businessman Jonathan Ledecky, filed to raise $200 million. u003ca href="https://www.sec.gov/Archives/edgar/data/1835800/000119312521007508/d55752ds1.htm">Read moreu003c/a>.u003c/p>nu003cp>– u003cstrong>Novus Capital Corp IIu003c/strong>, a SPAC seeking a tech target backed by Novus Capital, filed to raise $250 million. u003ca href="https://www.sec.gov/Archives/edgar/data/1828536/000110465921003895/tm212024d1_s-1.htm">Read moreu003c/a>.u003c/p>nu003ch3>F+FSu003c/h3>nu003cp>– u003ca href="https://www.silverlake.com/">u003cstrong>Silver Lakeu003c/strong>u003c/a>, a Menlo Park, Calif.-based tech investment firm, raised about $20 billion for its buyout fund, u003cstrong>Silver Lake Partners VI.u003c/strong>u003c/p>nu003cp>– u003ca href="https://www.ta.com/">u003cstrong>TA Associatesu003c/strong>u003c/a>, a Boston-based growth equity firm, is seeking to raise $11 billion for its next flagship fund, peru003cem> the Wall Street Journal.u003c/em> u003ca href="https://www.wsj.com/articles/ta-associates-preps-roughly-11-billion-flagship-fund-pitch-11610366400">Read moreu003c/a>.u003c/p>nu003cp>– u003ca href="https://www.newmountaincapital.com/">u003cstrong>New Mountain Capitalu003c/strong>u003c/a>, a New York-based private equity firm, raised $10.2 billion across two funds: its sixth flagship private equity fund with $9.6 billion, and its first non-control private equity fund with $640 million.u003c/p>nu003cp>– u003ca href="https://marchcp.com/">u003cstrong>March Capitalu003c/strong>u003c/a>u003cstrong>, u003c/strong>a Santa Monica, Calif.-based venture investor, raised $450 million foru003cstrong> March Capital Fund III.u003c/strong>u003c/p>nu003cp>– u003ca href="https://heritagegroupusa.com/">u003cstrong>Heritage Groupu003c/strong>u003c/a>, a Nashville, Tenn.-based healthcare-focused private equity firm, raised over  $300 million for its third fund.u003c/p>nu003cp>– u003ca href="https://urldefense.proofpoint.com/v2/url?u=https-3A__ultratech.capital_&d=DwMFaQ&c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&r=xi897mlTxaCPSXeaz6ZDt8E_2-2j_cH4qMQdw3H6op8&m=eA05qcU44ljszhiA3Weg6s5x5ndBf2c-LeArZr1UR04&s=R8DzwXKPL9hvSV5VoGrskfpx9aMa3x3mOzPuwXdgAHI&e=">u003cstrong>Ultratech Capital Partnersu003c/strong>u003c/a>, the U.S. investment arm of u003cstrong>Damazein Family Officeu003c/strong>, launched a $100 million u003cstrong>Critical Technology Fundu003c/strong> focused on deep tech spun out of the U.S. defense and national security sector.u003c/p>nu003ch3>PEOPLEu003c/h3>nu003cp>– u003ca href="https://www.svangel.com/">u003cstrong>SV Angelsu003c/strong>u003c/a> named u003cstrong>Steven Leeu003c/strong> as a partner.u003c/p>nu003cp>– u003ca href="https://www.bvp.com/">u003cstrong>Bessemer Venture Partnersu003c/strong>u003c/a> promoted u003cstrong>Sakib Dadi u003c/strong>to vice president.u003c/p>nu003c/div>n"},"children":[]}]}]},{"name":"dianomi","config":{"type":"footer"},"children":[]}]}]}]}},"componentData":{},"error":null,"loading":false,"player":{"currentTime":0,"duration":0,"loading":false,"playing":false,"seek":0,"src":"","visible":false,"volume":0.5},"route":{"status":200,"redirectTo":"","redirectStatus":0,"action":"PUSH","pathname":"/2021/01/14/why-investors-are-excited-to-see-the-plaid-and-visa-merger-die-2/","search":"?","hash":""},"visible":{"search":false,"primaryNav":false,"freestar":false,"adminBar":false},"contactForm":{"submitting":false,"submitted":false,"failed":false,"validation":{},"redirect":""},"user":{"isLoggedIn":false,"accessLevel":null}}; ]]> Source

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