Apple says Patreon must switch to its billing system or risk removal from App Store

PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.

August 13, 2024

What We're Reading

Apple says Patreon must switch to its billing system or risk removal from App Store [TechCrunch]
CrowdStrike accepts award for ‘most epic fail’ after global IT outage [TechCrunch]
China’s autonomous vehicle startup WeRide seeks US IPO at $5B valuation [TechCrunch]
Meta, Universal Music Group address AI music in new licensing agreement [TechCrunch]

Trending Companies

Farmblox, a firm that develops a farm automation platform that uses AI to help workflows and monitoring, raises $2.5MM Seed from Hyperplane Venture Capital.

Automation • Worcester, MA • Post-Money Valuation

Savvy Wealth, a company that provides a platform for financial advisors centered around modernizing human financial advice, raises $26.5MM Series A from Canvas Ventures.

Fintech • New York, NY • Post-Money Valuation

Skillful.ly, a firm that develops an employment platform that matches candidates to employment opportunities based on their demonstrated skills and unique behavioral match to the job, raises $2.5MM Seed from Better Ventures.

Artificial Intelligence • San Francisco, CA • Post-Money Valuation

Muon Space, an end-to-end space systems provider that designs, builds, and operates LEO satellite constellations delivering mission-critical data, raises $56.7MM Series B from Activate Capital.

Geospatial • Menlo Park, CA • Post-Money Valuation

MBX Biosciences, a clinical stage biopharmaceutical company that develops precision endocrine peptide (PEP) therapeutics to help treat endocrine disorders, raises $63.5MM Series C from Deep Track Capital.

Biopharmaceuticals • Carmel, IN • Post-Money Valuation

Sybill, a company that analyzes verbal and non-verbal cues to generate meeting summaries, crafting deal notes and CRM updates using AI models, raises $11MM Series A from Greycroft Partners.

Communications • Mountain View, CA • Post-Money Valuation

Checkly, a company that develops a code-first monitoring platform, raises $20MM Series B from Balderton Capital.

Developer Tools • Boston, MA • Post-Money Valuation

OnePak, a company that operates a digital marketplace for the circular economy on its global reverse logistics & supply chain platform, raises $20MM Equity Funding from Nuveen Investments.

Supply Chain Management • Boston, MA • Post-Money Valuation

Gloo, a company that develops a platform that releases the collective might of the faith ecosystem, raises $110MM Equity Funding from Undisclosed Investors.

Social • Boulder, CO • Post-Money Valuation

Hedra, a company that develops controllable video generation technology, raises $10MM Seed from Index Ventures.

Video Production • San Francisco, CA • Post-Money Valuation

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Hyperbolic, a software development company that provides web and networking solutions to build decentralized computing platforms, raises $7MM Seed from Polychain Capital.

Machine Learning • Irvine, CA • Post-Money Valuation

Cartridge, a company that develops a decentralized gaming platform, raises $7.5MM Series A from Bitkraft Ventures.

PC Games • Brooklyn, NY • Post-Money Valuation

NanoHive, a company that develops 3D-printed spinal interbody implants and instruments, raises $7MM Series C from Undisclosed Investors.

Medical Devices • Woburn, MA • Post-Money Valuation

Climatize, a company that develops crowdfunding platform, raises $1.8MM Pre-Seed Funding from Myriad Venture Partners.

Fintech • Santa Cruz, CA • Post-Money Valuation

Red Queen, a company that develops biotechnology drugs, raises $55MM Series A from Apple Tree Partners.

Drug Research • Cambridge, MA • Post-Money Valuation

Shinobi, a biotechnology company that develops hypo immune CD8ab iPS-T cells for cancer by using immune evasion to unlock the full potential of iPSCs, receives $59MM Grant from AMED.

Drug Research • South San Francisco, CA • Post-Money Valuation

Beacon acquires SSR Roof Supply, a firm that distributes roofing materials for residential and commercial contractors.

Building Products • Surrey, Canada

Occidental Petroleum completes acquisition of CrownRock, a company that develops, explores and acquires oil and gas properties.

Exploration • Midland, TX • Deal

AMSC acquires NWL, a firm that manufactures and designs power supplies to industrial and military customers.

Design • Bordentown, NJ • Deal

Texas Regional Bank acquires Estrada Hinojosa, an investment banking group that provides municipal advisory and bond underwriting services.

Brokerage • Dallas, TX • Deal

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