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October 8, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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Good morning! In case you’ve been under a rock the past week, the trillion-dollar Facebook was the subject of Frances Haugen’s glaring whistleblower account of the company's disregard for the spread of misinformation in the pursuit of profit, a characterization Zuckerberg rejected outright. The following day’s shutdown of Facebook, Instagram, Whatsapp (all owned by Facebook) was apparently unrelated to the negative fanfare. The question on the minds of many is: will Congress stand up the institution so intertwined with our everyday operations?

Here’s a refresher on the week’s stories from PrivCo:

  • We started the week looking at supply chain holdups resulting in higher prices. Some of the country’s largest ports are congested with cargo ships. The results of inefficiencies in the supply chain are pushing business leaders and investors to overhaul the industry. Learn more.
  • Tuesday’s investor profile focused on the angel investment panel that lets us peer into the group's business dealings with wannabe millionaires, Shark Tank. The show isn’t just good entertainment (with a viewership of nearly 4 million per episode); it’s also inspiration for people who have novel ideas. See the successes.
  • The Roses of Schitt’s Creek fame have lent inspiration to couples and friends of the creative class who’ve been buying up old roadside motels. We looked at the business dealings of some of New York City’s creatives fleeing the city. Check it out.
  • Yesterday we looked at the nail care industry currently gaining a stake in the beauty industry. With annual spending in the $1,000s for nail art aficionados, press-ons, stickers and robotic manicures are the new salon experience. Learn more.
Since last week, PrivCo has added:
 
236,428 Companies | 103 Funding Activities | 96 M&A Deals

Funding & Deal Highlights:

 

Zum raises $130MM from SoftBank Capital

Student Rideshare • Equity • Redwood City, CA
 

Kentik raises $40MM from Third Point Ventures

Enterprise Software • Round C • San Francisco, CA
 

Solo.io raises $135MM from Altimeter Capital

Cloud Software • Round C • Cambridge, MA
 

Honor raises $370MM from Baillie Gifford

Senior Care • Equity • San Francisco, CA
 

Neumora Therapeutics raises $400MM from ARCH Venture Partners

Biotechnology • Round A • Watertown, MA
 

Studs raises $20MM from Spark Capital

Accessories • Round B • New York, NY
 

Copia Automation raises $16.4MM from Lux Capital Management

Enterprise Software • Round A • New York, NY
 

Lightship raises $20MM from McKesson Ventures

Health Care • Round B • El Segundo, CA
 

Slope raises $20MM

Biotechnology • Round A • San Francisco, CA
 

BeeHero raises $15MM from ADM Capital

Agricultural Products • Round A • Palo Alto, CA

 
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