Turo scraps plans for an IPO

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

February 17, 2025

What We're Reading

Turo scraps plans for an IPO [TechCrunch]
TikTok is back on US app stores [TechCrunch]
Google Gemini now brings receipts to your AI chats [TechCrunch]
OpenAI scrubs diversity commitment web page from its site [TechCrunch]

Trending Companies

Tines, a company that develops a workflow automation platform intended for anyone to automate repetitive tasks across various software applications, raises $125MM Series C from Goldman Sachs Growth Equity.

Workflow Management • Dublin, Ireland

Positron, a company that develops custom hardware designed to accelerate machine learning applications, raises $23.5MM Equity Funding from Valor Equity Partners.

Technology Hardware • Reno, NV • Post-Money Valuation

ACT-ion, a manufacturing company that offers cathode active materials for lithium batteries, raises $7.5MM Pre-Series A from BASF Venture Capital.

Batteries • Dallas, TX • Post-Money Valuation

Questis, a company that provides a personal finance solution that empowers everyone in the employee benefits ecosystem, raises $3.2MM Seed from Ken Thompson.

Employee Benefits • Charleston, SC • Post-Money Valuation

Human App, a company that develops decentralized online credentials verification ecosystem designed for digital ID human self-governance, raises $7.3MM Pre-Seed Funding from Soma Capital.

Cryptocurrency • San Francisco, CA • Post-Money Valuation

Guidewell Education, a company that owns and operates educational enterprises, raises $43MM Equity Funding from Graycliff Partners.

Education • Sacramento, CA • Post-Money Valuation

Vigil, a company that provides SaaS data platform for annuity carriers and distributors, raises $1.3MM Pre-Seed Funding from M25 Group.

Fintech • Pataskala, OH • Post-Money Valuation

Zeta, a modern banking tech company providing an Omni Stack comprising modern credit and debit processing, BNPL, core banking and mobile experiences, raises $50MM Equity Funding from Undisclosed Investors.

Banking • San Ramon, CA • Post-Money Valuation

Datalign, a company that develops an AI platform matching consumers with leading financial advisors, raises $9MM Seed from Link Ventures.

Fintech • Cambridge, MA • Post-Money Valuation

Hydratac, a company that is developing a shooter game, raises $3MM Seed from 1am Gaming VC.

Video Games • Seattle, WA • Post-Money Valuation

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Phynd, a company that offers a subscription-free cloud gaming platform, raises $10MM Seed from Wellington Management.

Video Games • Stamford, CT • Post-Money Valuation

Relativity Networks, a provider of next-generation fiber-optic technology, raises $4.6MM Seed from Undisclosed Investors.

Fiber Optics • Winter Park, FL • Post-Money Valuation

Sardine, a company that develops a fraud protection and compliance platform for digital payments, raises $70MM Series C from Activant Capital Group.

Payment Processing • Miami, FL • Post-Money Valuation

TECLens, a company that develops non-invasive therapy devices designed to address the problem of myopia, raises $9.3MM Series A from Yonjin Capital.

Medical Devices • Stamford, CT • Post-Money Valuation

DataRobot acquires Agnostiq, a software developer intended to deliver quantum and high performance computing resources.

Quantum Computing • Toronto, Canada

VRC acquires RediShred Capital, a customer service and security focused shredding firm.

Security Systems • Mississauga, Canada

Gemspring Capital acquires Creative Laboratories, a manufacturer and developer of branded and contract-manufactured haircare and skincare products.

Hair Care • Saint Paul, MN • Deal

BTX Precision acquires Addison Precision, a precision manufacturing firm for aerospace and defense clients.

Fabrication • Rochester, NY • Deal

Fox acquires Red Seat Ventures, a firm that develops media properties for clients that include market-leading talents, brands and personalities.

Management Consulting • New York, NY • Deal

Barre3 acquires Studio Barre, a firm that offers clients a fun and energizing workout.

Amusement Parks • Black Diamond, WA • Deal

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