Pre-IPO Watch

2021-07-29 18:06:58 ​​Cryptocurrency market

In 2019, the market volume was $192 billion. In April 2021, the cryptocurrency market capitalization reached $2 trillion. Now the capitalization of the cryptocurrency market is $1.35 trillion.

The growth rate of the cryptocurrency market is 118% or x10.

The COVID-19 pandemic and the threat of widespread inflation have exacerbated this effect. Many investors are interested in cryptocurrencies as a hedge against fiat currencies, especially in times of global uncertainty.

The total number of cryptocurrency users in the world reached 101 million in 3Q2020, up from 5.8 million in 2Q2017.

Most people (55%) own cryptocurrencies as part of a long-term investment strategy, and 52% of cryptocurrency owners see cryptocurrencies as a source of income.

Trading volumes amounted to $30-157 billion per day in January-May 2021, in June 2021 they decreased to $17-79 billion.

The main driving forces of trading in the cryptocurrency market are the continued adoption of cryptocurrencies for payments and DeFi, the growing interest of corporations and institutional investors, the rise in inflation driving retail investment in cryptocurrencies, and market volatility.

Cryptocurrency payments are accepted by PayPal, Visa, Expedia, Lush, Amazon, AirBaltic, Microsoft, Starbucks and others. Open / Comment

2021-07-23 13:15:46 ​​Rubrik is named a Leader in the Gartner 2021 Magic Quadrant for Data Center Backup and Recovery Solutions.

Rubrik was also placed furthest to the right, for the second year in a row, on the Completeness of Vision axis. The evaluation was based on specific criteria that analyzed the company’s overall completeness of vision and ability to execute. Axis Ability to Execute reflects the marketing and sales results of the manufacturer, while the Completeness of Vision axis reflects the technological progress and the company's strategy in this area. The more to the right the company is - the more technologically advanced it is (according to Gartner experts), and the higher - the more successful it is in marketing and sales. Those who are well positioned in marketing and technology fall into the Leaders Quadrant.

Rubrik continues to set the pace of innovation for the industry, recently announcing new advancements in ransomware recovery, sensitive data risk assessment, and mass recovery.

The company currently has more than 1,800 employees in 18 countries supporting its more than 3,300 customers around the world.

Rubrik has also been recognized on the Forbes Cloud 100 list of the world’s top private cloud companies in 2020. Open / Comment

2021-07-22 20:38:56 ​​Which startups are getting automakers' billions?
#trends

Automakers including Volkswagen, Toyota and Hyundai are heavily investing in startups and new technologies.

From next-generation batteries, autonomous driving technology to electric aircraft, carmakers led private funding rounds collectively valued at over $9.6 billion since the start of 2020.

1/ Toyota invested in electric aircraft maker Jobi Aviation, two autonomous driving technology companies: Momenta (Beijing-based developer of autonomous vehicle technology) and Pony.ai (Makes autonomous driving systems that it can sell to automakers. It has been testing so-called robotaxis or driverless taxis in California and the southern Chinese city of Guangzhou).

2/ Volkswagen invested heavily in batteries and was a lead investor in rounds totaling $3.4 billion for Northvolt (Swedish lithium-ion battery manufacturing company). Volkswagen is also a major customer for the company, which is building gigafactories in Sweden and Germany.

3/ Sustainability looks to be the standout trend of the latest investments, with automakers pouring money into battery tech developers offering an alternative to fossil fuels and internal combustion engines.

https://news.crunchbase.com/news/automakers-startup-investment/ Open / Comment

2021-07-21 16:24:16 ​​All of today’s unicorns in Travel and Mobility Tech

Get a complete overview of all privately-held startups in Travel and Mobility Tech with a company valuation of at least 1 billion US dollars.

OYO Rooms is in top-10 Travel & Mobility Tech unicorns in the world.

Check out complete list below

#preipo #OYOpreipo Open / Comment

2021-07-12 10:08:21 ​​Kraken vs Coinbase

The return of interest in cryptocurrencies impacted the revenue of Coinbase (COIN) and Kraken (expected IPO date in mid-2022). As of 1Q21, each exchange earned more than in total for 2020. Kraken's revenue is growing faster, as its product line is wider.

Its is worth mentioning that at the time of the Coinbase IPO the company's valuation reached $113bn for a short period of time on high expectations. Now, when Coinbase delivered the expected by showing fantastic revenue growth, its market capitalization is still below $60bn. Which looks like a screaming buy given a forward P/S of less than 8x. Open / Comment

2021-07-08 16:59:49 Eat Just is targeting “at least” $3 billion in valuation for its IPO that will likely happen in Q4 2021 or early next year, according to one of the leading investors of the plant-based eggs producer.

The California-headquartered company has raised a total of $440 million to-date, according to Crunchbase, including a recently closed $200 million led by the Qatar Investment Authority (QIA), joining other investors, including Charlesbank Capital Partners and Vulcan Capital.

If you want to participate in this investment opportunity please contact @kat_gubina

#preipo #EatJustpreipo

https://www.forbes.com/sites/douglasyu/2021/06/25/eat-just-mulls-3-billion-ipo-to-eventually-make-cruelty-free-food-mainstream/amp/ Open / Comment

2021-06-25 20:39:23 ​​Billions flow to travel startups

Travel is picking back up and the industry is rebounding. Travel companies have begun to see investor interest as well. Companies in the travel and tourism space have raised $3.4 billion so far this year.

Companies that survive pandemic come out stronger and with better value proposition.
Example - Airbnb had one the best IPOs in history during pandemic. 2020 was also the year Airbnb decided to go IPO, despite the global pandemic, a significant drop in revenue, and global travel restrictions.

Alternative accommodations, such as short-term rentals, and the tech that could make alternative accommodations a more attractive option, is promising area. Another popular feature in travel companies that also have a fintech component to them, such as a “buy now, pay later” option.

Also, demand is outpacing supply for short-term rentals outside of major cities.

https://news.crunchbase.com/news/travel-startups-vc-funding-covid-vaccines/ Open / Comment

2021-06-21 20:05:10 ​​Indian-origin CEOs who are heading world’s biggest tech companies

Sundar Pichai - CEO, Google & Alphabet
Started his career with Google in 2004. Promoted CEO of Alphabet, after the stepping down of Larry Page and Sergey Brin.

Satya Narayana Nadella - Microsoft
Has been the CEO since 2014.

Ajaypal Singh Banga - CEO Mastercard
Began his business career with Nestle in 1981.

Shantanu Narayen - CEO, Adobe Inc.
He has been the chairman, president, and chief executive officer of Adobe Inc. since December 2007.

Indra Nooyi - former chairperson and chief executive officer of PepsiCo. She has consistently ranked among the world's 100 most powerful women.

Ajaypal Singh Banga - executive chairman of Mastercard.

Arvind Krishna - CEO, IBM Group
An alumni of the Indian Institute of Technology, Kanpur, Arvind Krishna has been with IBM for over two decades. 

George Curian - CEO, NetApp
Is an American company, one of the five world leaders in the market of disk storage systems and solutions for storing and managing information. (2020: Revenue - $ 5.41 billion). Open / Comment

2021-06-16 20:50:25 ​​India’s tech boom

India was the 3rd largest startup market in 2020 in the amount of venture capital money invested in startups. The total value of deals in 2020 in India was US$11.8 bn, behind only the U.S. (US$143 bn) and China (US$83 bn).

India’s startup scene is still a hot market for private equity. Large funds such as SoftBank, Naspers and Tiger Global see a growing opportunity in the country’s startup scene.

The nation of 1.3bn people has seen the rapid adoption of smartphones in recent years, explosive growth of inexpensive internet services and a new generation of ambitious entrepreneurs.

India is the world biggest country by population size and a rapidly growing economy, annual growth rate of GDP in India averaged 5.67% from 1951 until 2021. Indian middle class now has 600mln people.

By 2025, the country will have between 400 and 500 mln new Internet users. IT companies will get unprecedented resources.

#trends #markets

https://www.google.ru/amp/s/wap.business-standard.com/article-amp/companies/indian-startup-ecosystem-crosses-the-threshold-of-50-unicorns-121061601323_1.html Open / Comment