Tumblr is losing $30M each year

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

July 18, 2023

What We're Reading

Tumblr is losing $30M each year, CEO says [TechCrunch]
Grammarly to shut down the Text Editor SDK in January [TechCrunch]
Tesla announces first Cybertruck build ahead of Q2 earnings [TechCrunch]
AI didn’t invent creative remixing [TechCrunch]

Trending Companies

CapStack, a company that developed an integrated operating system for banks, raises $6MM Pre-Seed from Fin Capital.

Fintech • Miami, FL • Post-Money Valuation

Artela, a platform developer that offers blockchain network, raises $6MM Seed from Shima Capital.

Cryptocurrency • Fremont, CA • Post-Money Valuation

LunarCrush, a company that provides a tool that allows users to search across all social media and extract the most relevant content tailored to their interests, raises $5MM Series A from INCE Capital.

Generative AI • Costa Mesa, CA • Post-Money Valuation

Sourcetable, a firm that develops a spreadsheet platform intended to use as a tool to plan, analyze and inquire, raises $3MM Seed from Michael Berolzheimer.

Database Management • San Francisco, CA • Post-Money Valuation

Causaly, an AI platform for biomedical research, raises $60MM Series B from ICONIQ Growth.

Health Care Technology • London, United Kingdom

Secure Code Warrior, a platform developer that provides online secure coding for in-house and outsourced developers, raises $50MM Series C from Paladin Capital Group.

SaaS • New South Wales, Australia

WaitWell, a provider of queue management, booking, event management and service workflow optimization software, raises $1.5MM Seed from Graphite Ventures.

Workflow Management • Alberta, Canada

Eureka Health, a software developer that provides a community dedicated to helping chronic disease patients share experiences and discover treatments, raises $7MM Equity Funding from Khosla Ventures.

Health Care • San Francisco, CA • Post-Money Valuation

PrivacyHawk, a company that developed an app designed to protect personal data and privacy, raises $2.7MM Equity Funding from ff Venture Capital.

Fraud Protection • Los Angeles, CA • Post-Money Valuation

Attn: Grace, a firm that offers skin-safe incontinence products for women's lifestyle and health, raises $2MM Equity Funding from For Later.

Skincare • Boston, MA • Post-Money Valuation

Since last week, PrivCo has added or updated:
1706 Companies |107 Funding Rounds | 130 M&A Deals

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Gradia Health, a company that developed a concierge care platform designed for clinics to support patients with chronic conditions, raises $4.2MM Seed from MaC Venture Capital.

Health Care Technology • Orlando, FL • Post-Money Valuation

Affect Therapeutics, a firm that offers addiction treatment for the digital age, raises $16MM Series A from ARTIS Ventures.

Therapeutics • McLean, VA • Post-Money Valuation

Cavli Wireless, a company that designs and manufactures cellular modules in 4G and 5G technologies with integrated eSIM and global connectivity, raises $10MM Series A from Chiratae Ventures.

Internet of Things • San Jose, CA • Post-Money Valuation

Wavely Diagnostics, a company that offers pediatric virtual care through its platform of app-based diagnostic solutions that provide the key physical exam findings, raises $1.35MM Equity Funding from Robin Hood Ventures.

Pediatrics • Seattle, WA • Post-Money Valuation

S4 Medical, a company that developed devices designed to use in cardiac procedures to treat atrial fibrillation, raises $5MM Series B from undisclosed investors.

Medical Devices • Cleveland, OH • Post-Money Valuation

Bookclubs, a platform developer designed for book club management, enabling users to manage memberships and track books, raises $2MM Equity Funding from Anna Ford.

Reading Apps • Camden, ME • Post-Money Valuation

ExoCoBio completes acquisition of Benev, a pharmaceutical and cosmeceutical firm.

Pharmacy • Mission Viejo, CA • Deal

Gemspring Capital acquires Bradford Soap, a manufacturer and developer of beauty and personal care products.

Skincare • West Warwick, RI • Deal

Ryse Energy acquires Primus Wind Power, a micro wind turbine manufacturer.

Renewable Energy • Lakewood, CO • Deal

National Convenience Distributors acquires Colonial Wholesale Distributing, a wholesale distributor to the convenience and grocery store industries.

Wholesale • Tampa, FL • Deal

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