TikTok gets Tay and Billie back

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

May 3, 2024

What We're Reading

TikTok gets Tay and Billie back with new UMG content licensing deal [TechCrunch]
Peloton to lay off 400 employees as CEO Barry McCarthy departs [TechCrunch]
Google expands passkey support to its Advanced Protection Program ahead of the US presidential election [TechCrunch]
Spotify quietly moves lyrics behind a paywall [TechCrunch]

Trending Companies

Apaly, a firm that develops a digital direct healthcare platform offers features such as smart contract automation, electronic claim submission, direct contracting, employee engagement and others, raises $2.4MM Seed from 412 Ventures.

Computer Vision • Tampa, FL • Post-Money Valuation

Elisity, a provider of a platform for identity and behavior-based enterprise cybersecurity, raises $37MM Series B from Insight Partners.

Cyber Security • San Jose, CA • Post-Money Valuation

Backflip, a company that develops property tech software intended to grow real estate entrepreneurs and real estate investment, raises $15MM Series A from FirstMark Capital.

PropTech • Dallas, TX • Post-Money Valuation

Plover, a company that develops an insurance data platform designed to sell event-driven insurance, raises $5MM Equity Funding from Undisclosed Investors.

Insurtech • New York, NY • Post-Money Valuation

Arbol, a company that develops a climate risk assessment and insurance platform designed for businesses to analyze and mitigate financial losses from extreme weather events, raises $60MM Series B from Opera Tech Ventures.

Insurtech • New York, NY • Post-Money Valuation

Screenverse, an advertising agency that offers digital marketing, branding, content management, and social media services, raises $10.5MM Equity Funding from Volition Capital.

Content Management • Dover, DE • Post-Money Valuation

Adaptilens, a company that develops an intraocular lens designed to replicate the human lens, raises $17.5MM Series A from Perceptive Xontogeny Venture Funds.

Eye Care • Chestnut Hill, MA • Post-Money Valuation

Corelight, a company that operates an open network detection and response platform, raises $150MM Series E from Accel Partners.

Network Security • San Francisco, CA • Post-Money Valuation

Kutt, a company that develops an online betting platform designed to offer peer-to-peer betting, raises $1MM Equity Funding from Lightning Capital.

Gambling • Gilbert, SC • Post-Money Valuation

Unicorn, a company that operates a digital web bidding platform, raises $5.8MM Seed from Middleton Partners.

Online Auctions • Chicago, IL • Post-Money Valuation

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Qlaris Bio, a firm that develops novel therapies intended to treat serious and debilitating ophthalmic diseases, raises $24MM Series B from Canaan and New Leaf Venture Partners.

Biotechnology • Wellesley Hills, MA • Post-Money Valuation

Trovo Health, a firm that provides an AI-powered platform helping health providers extend their capabilities, raises $15MM Seed from Oak HC/FT.

Artificial Intelligence • New York, NY • Post-Money Valuation

Luxa Biotechnology, a clinical-stage biotechnology firm developing a unique adult RPE stem cell (RPESC) therapy for dry AMD, receives $4MM Grant from California Institute for Regeneration Medicine.

Clinical Trials • Fort Lee, NJ • Post-Money Valuation

Invent Analytics, a company that provides an AI-driven software to help retailers profit-optimize supply chain, inventory and merchandising decisions, raises $17MM Equity Funding from LFX Venture Partners.

Analytics • Philadelphia, PA • Post-Money Valuation

Kain Capital invests in Essen Health Care, a multi-specialty healthcare delivery organization that provides accessible medical care to many of the most under-served residents.

Health Care • Bronx, NY • Deal

Mobile Communications of America acquires LightSpeed Technologies, a provider of Broadband Fixed Networks, IP/MPLS Routing & Optical Network communication systems.

Network Infrastructure • Wall Township, NJ • Deal

Tether Operations acquires Blackrock Neurotech, a brain-computer interface technology that restores function and independence to individuals with neurological disorders.

Health Care • Salt Lake City, UT • Deal

Vistar Media acquires ADstruc, a firm that offers traditional OOH planning and buying software.

Automation • New York, NY • Deal

SXNY Holdings acquires Saxony Partners, a strategic advisory services, business process optimization and technology solutions company.

Consulting • Frisco, TX • Deal

Simply Good Foods intends to acquire Only What You Need, a plant based health and nutrition company.

Nutrition • Fairfield, NJ • Deal

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