April 30, 2024 6:01 AM
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newsletter@email.crunchbase.com
Is M&A the key to unlocking startup liquidity this year?
Crunchbase Daily newsletter discusses AI investment trends, M&A as a strategy for startup liquidity, and features recent investments and acquisitions.
Plus, another brain-computer interface startup raises big April 30, 2024 Hi, Tim . Even with the IPO market’s signs of life recently, investors looking for some liquidity in 2024 may want to consider other alternatives, such as hopping aboard the M&
April 30, 2024 6:01 AM
-
newsletter@email.crunchbase.com
Is M&A the key to unlocking startup liquidity this year?
Crunchbase Daily newsletter discusses AI investment trends, M&A as a strategy for startup liquidity, and features recent investments and acquisitions.
Plus, another brain-computer interface startup raises big April 30, 2024 Hi, Tim . Even with the IPO market’s signs of life recently, investors looking for some liquidity in 2024 may want to consider other alternatives, such as hopping aboard the M&
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<meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta content="http://static.crunchbase.com/daily/assets/cb-fb-share_v2.png"><meta content="image/png"><meta content="300"><meta content="300"><meta content="Crunchbase Daily"><meta content="The Crunchbase Daily is everything you'll need to start your day! Sign-up now."><meta content="2024-04-29T20:46:36Z"></head><body style="background:#eaeaea; margin:0; padding:0; width:100%!important"><div style="color:transparent; visibility:hidden; opacity:0; font-size:0px; border:0; max-height:1px; width:1px; margin:0px; padding:0px; border-width:0px!important; display:none!important; line-height:0px!important"><img border="0" width="1" height="1" src="http://sp.email.crunchbase.com/q/jexU85vWwx0C8FZcPwizhA~~/AARGbAA~/RgRoE3C-PVcDc3BjQgpmKb7rMGZBXQX_UhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~" alt=""></div><span style="color:transparent; visibility:hidden; display:none; opacity:0; height:0; width:0; font-size:0">Plus, another brain-computer interface startup raises big</span><img src="http://links.email.crunchbase.com/e/eo?_t=071ea1d6efd844c0a60f7d7dc2214a93&_m=dc8d2d06d4e2419fa5c348f3f84616fc&_e=KZJAph6BPT0Nd8aRBMfoEF1GZM8t-O3xLu5KRmc8xiJcy1546mJO--2UJ6cD2pPvLdv5ueNXi05NB-d1yF2A1wEVjeV2aq9j-7vxkvyjD3GM3Fdrvl9c_ZfwH9Gdrgl-Fyc54V90H3QYG8MQ1_9Obw%3D%3D" width="1" height="1" style="border:0; width:1px; height:1px; border-width:0px!important; display:none!important; line-height:0!important"> <table cellpadding="0" cellspacing="0" style="background:#eaeaea; border:0; color:#333; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; margin:0; padding:0; width:100%!important"><tbody><tr><td align="center" valign="top"><table cellpadding="0" cellspacing="0" style="border:0; padding:25px 0; width:522px"><tbody><tr><td><a href="#" style="display:block; padding:0 0 0 1px"><img height="23" src="http://static.crunchbase.com/daily/assets/cb-daily-header-logo-v5.png" width="176"> </a></td></tr><tr><td><img alt="" height="10" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:10px; margin:0; padding:0; width:520px"></td></tr><tr><td><table cellpadding="0" cellspacing="0" style="background:#0288d1; border:1px solid #00559d; color:#fff; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif"><tbody><tr><td><h3 style="color:#fff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px; width:400px">April 30, 2024</h3></td><td style="padding:5px 10px; width:400px"></td><td style="padding:5px 10px; width:400px"></td><td style="padding:5px 10px; width:400px"></td></tr></tbody></table></td></tr><tr><td style="background:#fff; color:#333; border:1px solid #cdcdcd; border-top:0; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:14px; line-height:19px; padding:15px 20px 20px"><p style="margin:0 0 15px 0">Hi, Tim . Even with the <a href="#" style="color:#0288d1; text-decoration:none">IPO market’s signs of life</a> recently, investors looking for some liquidity in 2024 may want to consider other alternatives, such as hopping aboard the <a href="#" style="color:#0288d1; text-decoration:none">M&A exit train</a>. Plus, <a href="#" style="color:#0288d1; text-decoration:none">brain-computer interface technology</a> takes a giant step forward with a $200 million investment, and a <a href="#" style="color:#0288d1; text-decoration:none">recipe for startup success</a> through thought leadership.</p><h2 id="is-ma-the-key-to-unlocking-startup-liquidity-this-yearhttpsnewscrunchbasecomma2024-liquidity-insight-partners-hinkle" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🗝️ <a href="#" style="color:#0288d1; text-decoration:none">Is M&A the key to unlocking startup liquidity this year?</a></h2><p style="margin:0 0 15px 0">The venture capital ecosystem faces a severe liquidity crunch. Although <a href="#" style="color:#0288d1; text-decoration:none">the IPO market shows new signs of life</a>, startup investors should be looking to M&A this year to bring more capital back into the system. That’s the view from <a href="#" style="color:#0288d1; text-decoration:none">Insight Partners</a>’ <a href="#" style="color:#0288d1; text-decoration:none">Ryan Hinkle</a>, who recently spoke with us about his outlook for the M&A market and venture investing this year.</p><h2 id="tether-invests-big-in-brain-computer-interface-startuphttpsnewscrunchbasecomfintech-ecommercetether-evo-investment-blackrock-neurotech" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">💰 <a href="#" style="color:#0288d1; text-decoration:none">Tether invests big in brain-computer interface startup</a></h2><p style="margin:0 0 15px 0"><a href="#" style="color:#0288d1; text-decoration:none">Elon Musk</a>’s <a href="#" style="color:#0288d1; text-decoration:none">Neuralink</a> isn’t the only brain-computer interface technology making news these days. <a href="#" style="color:#0288d1; text-decoration:none">Blackrock Neurotech</a> received a huge $200 million investment from Stablecoin issuer <a href="#" style="color:#0288d1; text-decoration:none">Tether</a> and its new investment arm.</p><h2 id="ai-funding-stays-strong-despite-few-billion-dollar-roundshttpsnewscrunchbasecomairobotics-venture-funding-strong-q1-2024-" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🤖 <a href="#" style="color:#0288d1; text-decoration:none">AI funding stays strong despite few billion-dollar rounds</a></h2><p style="margin:0 0 15px 0">Around $12.2 billion was invested in venture-backed AI startups in 1,166 deals in the first quarter of this year, <a href="#" style="color:#0288d1; text-decoration:none">Crunchbase</a> data shows. The dollar amount represents an uptick from Q4 2023 and comes despite a lack in the most recent quarter of head-spinning deals like <a href="#" style="color:#0288d1; text-decoration:none">Microsoft</a>’s $10 billion-plus investment in <a href="#" style="color:#0288d1; text-decoration:none">OpenAI</a>.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro list: <a href="#" style="color:#0288d1; text-decoration:none">Rounds Raised By Startups Using AI</a></p><h2 id="ai-dominates-busy-week-of-megadealshttpsnewscrunchbasecomventurebiggest-funding-rounds-ai-biotech-xaira-augment" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🏅 <a href="#" style="color:#0288d1; text-decoration:none">AI dominates busy week of megadeals</a></h2><p style="margin:0 0 15px 0">The continued interest in all things AI was also reflected in last week’s largest U.S. startup funding deals. After a slowdown in big rounds the week before, investors were once again dishing out nine-figure rounds — all told, seven companies raised $100 million or more apiece. Some of the largest rounds went to startups using AI in coding or biotech.</p><p style="margin:0 0 15px 0">See also: <a href="#" style="color:#0288d1; text-decoration:none">The Crunchbase Megadeals Board</a></p><h2 id="building-thought-leadership-a-recipe-for-startup-successhttpsnewscrunchbasecomstartupsbuilding-thought-leadership-sieli-erpr" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🤔 <a href="#" style="color:#0288d1; text-decoration:none">Building thought leadership: a recipe for startup success</a></h2><p style="margin:0 0 15px 0">One of the most effective ways to generate brand awareness is for an organization’s executive team to establish a thought leadership profile, argues <a href="#" style="color:#0288d1; text-decoration:none">ERPR Group</a> founder <a href="#" style="color:#0288d1; text-decoration:none">Renee Sieli</a>, who shares some vital ingredients for success.</p></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><img height="0" src="https://ssl.google-analytics.com/collect?v=1&tid=UA-68916521-1&cid=194&t=event&ec=native_ads&ea=pageview&el=cb_daily_chrome_extension_Q1_2022 " width="0"><table style="padding:0; margin:0; border:0"><tbody><tr><td style="background:#fff; color:#333; border:1px solid #cdcdcd; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:14px; line-height:19px; padding:15px 20px 15px"><h2 style="color:#333; margin:0 0 5px 0; font-size:14px"><b data-stringify-type="bold"><strong>Get more with Crunchbase Enterprise</strong></b></h2>Unlock more features with Crunchbase Enterprise, the prospecting software that enables your entire team to find the right companies, identify the right people, and connect with the decision-makers who can move deals forward – all in one solution. <div align="left" style="padding:10px 0 0 0"><a href="#" style="background-color:#f5a623; border-radius:4px; color:#183444; display:inline-block; font-family:sans-serif; font-size:13px; font-weight:bold; line-height:40px; text-align:center; text-decoration:none; width:200px"><img alt="" src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/669d5713-9b6a-46bb-bd7e-c542cff6dd6a/071ea1d6efd844c0a60f7d7dc2214a93/One%20Off/pro_lightning-navy.png" style="padding:5px; width:10px; vertical-align:middle"> BOOK A MEETING NOW</a></div></td></tr><tr></tr></tbody></table></td></tr><tr><td></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Recent Investments</h3></td></tr><tr><td style="background:#fff; border:1px solid #cdcdcd; border-top:0; color:#333; font-size:14px; padding:15px 20px 20px"><table><tbody><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/eser1jobjadnuhye1scw" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Pine Gate Renewables</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$650M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Private Equity Round</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Pine Gate Renewables is a developer and owner-operator of utility-scale solar and energy storage projects.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Energy • Energy Management • Energy Storage • Renewable Energy • Solar</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">James Luster</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Generate Capital</a>, <a href="#" style="color:#0288d1; text-decoration:none">Healthcare of Ontario Pension Plan (HOOPP)</a>, <a href="#" style="color:#0288d1; text-decoration:none">HESTA</a></p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/ddsm3yowe3ksrzwy0ezp" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Enfinity</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$195M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Debt Financing</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Enfinity Global is a renewable energy company that provides sustainable energy solutions to commercial, industrial, and utility clients.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Energy • Renewable Energy • Solar</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Gino Van Neer</a>, <a href="#" style="color:#0288d1; text-decoration:none">Patrick Decuyper</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#666; margin:0 0 0 85px"></p></td></tr><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/st4lmw4g9tk7buqzxzxb" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Merama</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$80M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Venture Round</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Merama provides funding, expertise, and resources to help digitally native brands grow and expand their presence.</td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Categories:</p><p style="color:#666; margin:0 0 0 85px">Consumer Goods • E-Commerce • Finance • Retail</p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Founders:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">Felipe Delgado</a>, <a href="#" style="color:#0288d1; text-decoration:none">Olivier Scialom</a>, <a href="#" style="color:#0288d1; text-decoration:none">Sujay Tyle</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:5px 0 20px"><p style="color:#333; float:left; font-weight:bold; margin:0; text-align:right; width:75px">Investors:</p><p style="color:#666; margin:0 0 0 85px"><a href="#" style="color:#0288d1; text-decoration:none">JP Morgan</a> (Lead)</p></td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">More Fundings</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Company</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Amount / Round</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Lead Investor</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Variantyx</a></td><td style="border:1px solid #bbb; padding:7px">$36M / <a href="#" style="color:#0288d1; text-decoration:none">Venture Round</a></td><td style="border:1px solid #bbb; padding:7px">-</td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Elvie</a></td><td style="border:1px solid #bbb; padding:7px">9.6M EUR / <a href="#" style="color:#0288d1; text-decoration:none">Funding Round</a></td><td style="border:1px solid #bbb; padding:7px">-</td></tr><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Stride Funding</a></td><td style="border:1px solid #bbb; padding:7px">$10M / <a href="#" style="color:#0288d1; text-decoration:none">Venture Round</a></td><td style="border:1px solid #bbb; padding:7px">-</td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">All Recent Funding Activity</a></td></tr></tfoot></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td><h3 style="background:#0288d1; border:1px solid #00559d; color:#ffffff; font-size:15px; font-weight:bold; line-height:21px; margin:0; padding:5px 10px">Recent Acquisitions</h3></td></tr><tr><td style="background:#fff; border:1px solid #cdcdcd; border-top:0; color:#333; font-size:14px; padding:15px 20px 20px"><table><tbody><tr><td style="width:80px"><a href="#"><img src="https://images.crunchbase.com/image/upload/c_pad,h_60,w_60/zapbanvme0vk9n16c5c2" style="border:1px solid #bbb; height:60px; width:60px"> </a></td><td><p style="font-size:20px; font-weight:bold; margin:0"><a href="#" style="color:#0288d1; text-decoration:none">Heartland Financial</a></p><p style="font-size:15px; margin:0; padding:5px 0 0">Pending acquisition by <a href="#" style="color:#0288d1; text-decoration:none">UMB Banks</a> for <span style="color:#333; font-weight:bold">$2.0B</span></p></td></tr></tbody></table><h4 style="font-size:15px; font-weight:bold; margin:0; padding:20px 1px 10px">More Acquisitions</h4><table cellpadding="0" cellspacing="0" style="border-collapse:collapse; font-size:13px; width:100%"><thead><tr><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Company</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Acquired By</th><th style="color:#666; padding:5px 1px; font-weight:normal; text-align:left">Amount</th></tr></thead><tbody><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Keimed</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Apollo Health Co</a></td><td style="border:1px solid #bbb; padding:7px">225B INR</td></tr></tbody><tfoot><tr><td colspan="5" style="border:1px solid #bbb; padding:7px; text-align:center"><a href="#" rel="noopener" target="_blank" style="color:#0288d1; text-decoration:none">All Recent Acquisition Activity</a></td></tr></tfoot></table></td></tr><tr><td><img alt="" height="30" src="http://c0185784a2b233b0db9b-d0e5e4adc266f8aacd2ff78abb166d77.r51.cf2.rackcdn.com/blank.png" width="520" style="border:0; height:30px; margin:0; padding:0; width:520px"></td></tr><tr><td style="color:#333; font-family:Arial,'Helvetica Neue',Helvetica,sans-serif; font-size:13px; line-height:19px; padding:0 0 0 1px"><a href="#" style="display:block"><img src="http://static.crunchbase.com/daily/assets/cb-logo-footer-on-dark_v3.png"> </a><p style="margin:0; padding:5px 0 0">Discover innovative companies and the people behind them.</p><table cellpadding="0" cellspacing="0" style="border:0; 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