Weekly Investment Picks (Feb 09-15, 2021)
February 17, 2021
The latest family office and institutional deals from the past week.
James Hay Holdings and Nucleus Financial merges to £144.6m deal
Despite numerous external offers, Nucleus Financial Group confirms it will be taken over by James Hay Holdings in a £144.6m deal. The increase in scale will also mean increased investment in technology, products and further services by the combined entity.
IVC accelerates growth with £3.5bn funding
UK’s IVC Evidensia, a leading veterinary services provider, gets a £3.5bn private funding with US private equity Silver Lake. This rounds-up IVC’s enterprise value of £12.3 billion in total.
Adey traded to Polypipe for a £210m deal
Polypipe, UK’s largest manufacturer of plastic piping systems, has acquired magnetic filters provider Adey in a £210m deal. The private equity arm of Lloyds Banking Group, LDC, confirms this will enable the company to further their international growth plans.
Jüsto hits $65m on its third round
In less than 12 months time, Jüsto, Mexico’s first Online Supermarket just raised a staggering $65 million in Series A funding making it the largest Series A round in Latin America. The funding was led by General Atlantic and was joined by Foundation Capital and Mountain Nazca.
David Energy regulates power with $19M
New York City-based electricity provider David Energy confirmed funding of $19 million on Tuesday. Their revolutionary store-and-deploy energy technology will be expanding to Texas next.
SplashLearn tops at $18M in Series C
SplashLearn, a learning platform that uses technological games to focus on learning, is raising $18 million funding in its Series C round. This funding will be used for geographical expansion as far as the UK, Canada and Australia.
Startup SentinelOne snatches big data co Scalyr for $155m
Cybersecurity platform SentinelOne confirms acquisition of Scalyr, a US cloud-scale data analytics platform, for $155 million in cash and equity. The union will unleash new breakthroughs in machine-speed prevention, detection and response to cyber attacks.
Reddit skyrocketed to $6B valuation
Raising $250 million in fresh funding, online platform Reddit is now looking at a total of $6 billion in its valuation doubling its value a year ago. Vy Capital led the funding round.
Mesh and Jackpocket raising new funds
Mesh Payments, a corporate payments processor provider based in New York, recently raised $13 million in financing round. TLV Partners along with Meron Capital and R-Squared Ventures led the funding. While third party lottery tickets selling app, Jackpocket, raised $50 million in Series C. Raine Group led the funding.
Fabric bags $43M in Series A
Bellevue, Washington’s Fabric secures $43 million led by Norwest Venture Partners in Series A. The e-commerce platform is now set to expand its footprint in the $3.9 trillion online shopping sector.
Theator advances surgical procedures with $15.5M funding
California start-up Theator is using artificial intelligence to improve surgical procedures using its $15.5 million Series A funding round. This funding will help scale up with North American providers and the US.
Mighty Buildings hits $40M for 3D printing home building
Mighty Buildings, a startup that has been using 3D printing and robotics to build homes, has recently raised $40 million in Series B round. Khosla Ventures together with Zeno Ventures led the round.
Better drugs breakthroughs for BigHat Biosciences with $19M funding
Bringing in better antibodies for better drug treatment, BigHat intends to use their $19 million funding for futuristic possibilities on medical treatments. The company will focus its funding for protein optimization and antibody engineering for better therapeutics processes.
Plus.ai pushes self-driving trucks with $200M funding
Startup company Plus.ai recently secures $200 million in fresh capital for their self-driving trucks initiative. Guotai Junan International Holdings together with multiple Silicon Valley venture firms has led the round.
Match snatches Hyperconnect for $1.725bn
Match Group, an online dating app who launched Tinder, has acquired Seoul’s social platform Hyperconnect for $1.725 billion in cash and stock. The social media firm currently has two popular apps including Azar, an audio and video chat app and Hakuna Live, a live-streaming app.
Equip secures $13m in Series A
Health tech company Equip has recently announced hitting $13 million in Series A financing. Optum Ventures led the financing.
Maisonette secures $30m to provide better Children’s product go-to online shop
New York-based startup Maisonette, is developing a marketplace for children’s products that. The company recently bagged $30 million in Series B funding.
Modern Health bags $74M acquires unicorn status
With a staggering total value of $1.17bn raised, Modern Health bags unicorn status after closing a $74 million series D led by Founders Fund. The mental health and wellness platform is now working with 200 enterprises and has recently acquired Kip, a mental health startup company based in San Francisco.
Capitalize closes $12.5m in Series A.
Capitalize platform recently closes $12.5 million in Series A funding led by Canapi Ventures. The company has already facilitated over $10 million in retirement asset transfers since its launch in September.
Immunai with $60m series A for better immunological data procedures
Immunai, a New York-based biotechnology company is back with a new $60 million in Series A funding. The company will focus its funding to improve clinical immunological data algorithms for better diagnosis and treatment of immune diseases.