Reddit should go public at $5B

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

March 1, 2024

What We're Reading

Reddit should go public at $5B, according to secondary data [TechCrunch]
Google is making search suggestions in Chrome more helpful [TechCrunch]
Uber CEO Dara Khosrowshahi unlocks massive stock option [Business Insider]
How much are Nvidia’s rivals investing in startups? We investigated [TechCrunch]

Trending Companies

b.well Connected, a company that develops digital health engagement platform, raises $40MM Series C from Leavitt Equity Partners.

Digital Health • Baltimore, MD • Post-Money Valuation

Immersive Tech, a company that develops 3D virtual reality communication platform designed to train physicians in real-time and remotely, raises $4MM Series A from Hamilton Hunt.

Virtual Reality • Tampa, FL • Post-Money Valuation

Osazda Energy, a company that provides renewable energy services, receives a $1.2MM Grant from U.S. Department of Energy.

Renewable Energy • Albuquerque, NM • Post-Money Valuation

Intenseye, a platform developer for video and image analytics for employees health and safety, raises $64MM Series B from Lightspeed Venture Partners.

Analytics • New York, NY • Post-Money Valuation

Parspec, a technology firm that utilizes AI to develop a platform intended to serve the supply chain for the building and construction industry, raises $11.5MMM Seed from Innovation Endeavors.

Information Technology • San Mateo, CA • Post-Money Valuation

Scuti, a firm that develops an AI-driven marketplace that offers game monetization, raises $10MM Equity Funding from Undisclosed Investors.

Video Games • West Palm Beach, FL • Post-Money Valuation

Rhombus, a firm that offers intelligent cloud-managed video security for enterprises, raises $26MM Equity Funding from Tru Arrow.

Cameras • Sacramento, CA • Post-Money Valuation

SimpleClosure, a firm that simplifies the wind-down process of a business by automating the bureaucratic and manual work, raises $4MM Seed from Infinity Ventures.

Automation • Santa Monica, CA • Post-Money Valuation

Collov AI, a developer of an AI-powered interior design platfor, raises $10M Series A from GoldenHome Living Co Ltd.

Artificial Intelligence • Redwood City, CA • Post-Money Valuation

Pronto Housing, a developer of real estate leasing and compliance software solutions, raises $9.5MM Equity Funding from MRK Partners.

Compliance • New York, NY • Post-Money Valuation

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Elevated Signals, a provider of enterprise software solutions for the manufacturing sector, raises $7.9MM Series A from Yaletown Partners.

Software • Vancouver, Canada

Exodigo, a firm that develops AI-enabled platform that offers a combination of multi-sensor fusion and artificial intelligence to improve accuracy and time to map, raises $105MM Series A from Greenfield Partners.

Artificial Intelligence • Tel Aviv, Israel

Unseenlabs, a firm that operates maritime surveillance systems intended to monitor oceans from space to track down rogue vessels regardless of their position, raises €85MM Equity Funding from Supernova Invest.

Surveys • Rennes, France

Lightyear Capital invests in Prime Pensions, a company that provides retirement plan compliance and administration services intended for small and medium-sized enterprises (SMEs).

Retirement • Florham Park, NJ • Deal

Ubiquitech Software intends to acquire Innovative Outcomes, a firm that offers medical wound care by finding the most appropriate dressing provider.

Medical Devices • Little Rock, AR • Deal

The Valcourt Group acquires Pureview Building Services, a firm that provides facade maintenance services, including window cleaning, pressure washing, facade repair and restoration, as well as roof anchor inspections.

Restoration • Chelsea, MA • Deal

PNC RiverArch Capital acquires Barr GeoSpatial, a company that provides aerial pipeline patrol and air inspection services intended for the oil, gas, and petrochemical industries.

Aviation • Mesquite, TX • Deal

Nordic Capital acquires ActiveViam, a provider of data analytics solutions to financial institutions.

Analytics • New York, NY • Deal

PTF Holdings intends to acquire Progressive Produce, a fresh produce company that grows, packs and distributes both conventional and organic fruit and vegetables.

Fruit & Vegetables • Los Angeles, CA • Deal

WSI acquires ShippingTree, a firm that offers cloud-based logistics and e-commerce fulfillment services.

Cloud • Cypress, CA • Deal

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