March 28, 2024 6:01 AM
-
newsletter@email.crunchbase.com
Truth Social inspires a trip down SPAC memory lane
The email provides an overview of recent trends in the financial market, notably Trump Media's performance post-merger, the role of demo videos in fundraising, and Celestial AI's significant Series C funding, along with insights into the fitness industry's funding landscape and the benefits of advisory boards.
Plus, using demo videos to score pre-seed funding March 28, 2024 Hi, Tim . As shares of Trump Media surged this week following its merger with a blank-check company, we were waxing nostalgic about the SPAC boom of 2020 to 2022. So we checked in on t
March 28, 2024 6:01 AM
-
newsletter@email.crunchbase.com
Truth Social inspires a trip down SPAC memory lane
The email provides an overview of recent trends in the financial market, notably Trump Media's performance post-merger, the role of demo videos in fundraising, and Celestial AI's significant Series C funding, along with insights into the fitness industry's funding landscape and the benefits of advisory boards.
Plus, using demo videos to score pre-seed funding March 28, 2024 Hi, Tim . As shares of Trump Media surged this week following its merger with a blank-check company, we were waxing nostalgic about the SPAC boom of 2020 to 2022. So we checked in on t
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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="2024-03-27T21:43:37Z"></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/BErcMtJeGT9HnNud04KIRQ~~/AARGbAA~/RgRn5-8UPVcDc3BjQgpmBBRqBWZK1BWrUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~" alt=""></div><span style="color:transparent; visibility:hidden; display:none; opacity:0; height:0; width:0; font-size:0">Plus, using demo videos to score pre-seed funding</span><img src="http://links.email.crunchbase.com/e/eo?_t=071ea1d6efd844c0a60f7d7dc2214a93&_m=c39e17ad74134d4b8a38a304f9441efb&_e=9Bc5-iAPWpKyOdWhMw43r1Z4MZEWwaCPQExRvpfuCXKfYkGRDuM9nXeAJW2Lq6sT8KyvZ3SZSW48PtdstBUzxExt6xvNgpZpVRPvPbMnnumoQ9ZjKjVQINX3pop2E5b6y3-oL_o6qTSa55KYtspLeA%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">March 28, 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 . As shares of <a href="#" style="color:#0288d1; text-decoration:none">Trump Media</a> surged this week following its merger with a blank-check company, we were <a href="#" style="color:#0288d1; text-decoration:none">waxing nostalgic about the SPAC boom</a> of 2020 to 2022. So we checked in on the current state of companies that made some of the biggest market debuts. Plus, we look at how demo videos can <a href="#" style="color:#0288d1; text-decoration:none">give new startups a boost</a> in a tough fundraising climate and examine the impetus behind <a href="#" style="color:#0288d1; text-decoration:none">Celestial AI</a>’s <a href="#" style="color:#0288d1; text-decoration:none">big Series C</a>.</p><h2 id="truth-socials-success-and-the-history-of-prior-high-flying-spacshttpsnewscrunchbasecompublicspac-boom-then-now-virgin-lordstown" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">📉 <a href="#" style="color:#0288d1; text-decoration:none">Truth Social’s success and the history of prior high-flying SPACs</a></h2><p style="margin:0 0 15px 0">As former President <a href="#" style="color:#0288d1; text-decoration:none">Donald Trump</a>’s <a href="#" style="color:#0288d1; text-decoration:none">Trump Media</a> crossed the $7 billion market cap level this week, we started thinking about the fate of other high-flying stocks of companies that went public via SPAC mergers. A recap of some of the biggest finds the splashy debuts were generally followed by sharp declines.</p><h2 id="demo-videos-can-offer-an-edge-in-a-tough-fundraising-climatehttpsnewscrunchbasecomstartupsproduct-demo-pre-seed-investment-sesitskaya-shader" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">📹 <a href="#" style="color:#0288d1; text-decoration:none">Demo videos can offer an edge in a tough fundraising climate</a></h2><p style="margin:0 0 15px 0">A few years ago, a simple prototype might have sufficed to raise a pre-seed round. These days investors are looking for tangible evidence of a successful application of a product. One recently funded entrepreneur discusses how a demo video helped in securing that initial investment.</p><h2 id="celestial-ai-snags-175m-for-faster-processinghttpsnewscrunchbasecomaichip-startup-celestial-ai-raise" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🤑 <a href="#" style="color:#0288d1; text-decoration:none">Celestial AI snags $175M for faster processing</a></h2><p style="margin:0 0 15px 0">Optical interconnectivity startup <a href="#" style="color:#0288d1; text-decoration:none">Celestial AI</a> raised a massive $175 million Series C led by <a href="#" style="color:#0288d1; text-decoration:none">Thomas Tull</a>’s <a href="#" style="color:#0288d1; text-decoration:none">US Innovative Technology Fund</a>. The Santa Clara, California-based company’s photonic fabric platform helps separate compute and memory, making processing extensive AI faster.</p><h2 id="fitness-funding-faltershttpsnewscrunchbasecomhealth-wellness-biotechfitness-startup-funding-falls" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🏃 <a href="#" style="color:#0288d1; text-decoration:none">Fitness funding falters</a></h2><p style="margin:0 0 15px 0">Over the past few years, as the pandemic-inspired boom in home workouts has slowly given way to a return to the gym, investors in fitness companies have been feeling the burn. Valuations for both public and private companies have declined, investment is down, and fitness-related consumer spending remains tough to forecast.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro list: <a href="#" style="color:#0288d1; text-decoration:none">Global Fitness-Related Funding, Seed Through Growth Stage</a></p><h2 id="the-best-things-about-advisory-boardshttpsnewscrunchbasecombusinessadvisory-board-leverage-growth-knight-thomvest" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🤝 <a href="#" style="color:#0288d1; text-decoration:none">The best things about advisory boards</a></h2><p style="margin:0 0 15px 0">Many companies set up advisory boards, but then fail to tap into their full potential. With the right approach, however, advisors can fill critical knowledge gaps within organizations, provide category expertise, offer networking opportunities and even generate sales leads.</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>Find out more about Crunchbase’s 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/fikisigxijh12ldwn4m6" 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">Celestial AI</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$175M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Series C</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Celestial AI develops an optical interconnect technology platform for data center and AI computing solutions.</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">Artificial Intelligence (AI) • Data Center • Machine Learning • Semiconductor • Software</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">David Lazovsky</a>, <a href="#" style="color:#0288d1; text-decoration:none">Michelle Tomasko</a>, <a href="#" style="color:#0288d1; text-decoration:none">Preet Virk</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">US Innovative Technology Fund</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">AMD Ventures</a>, <a href="#" style="color:#0288d1; text-decoration:none">Engine Ventures</a> <a href="#" style="color:#0288d1; text-decoration:none">+ 9 more</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/fklrwy4epdgdouhg7r5g" 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">Observe</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$115M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Series B</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Observe offers an observability cloud solution to accelerate the transformation of troubleshooting applications and resolving incidents.</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">Analytics • Business Information Systems • Data Integration • Information Technology • SaaS</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">Jacob Leverich</a>, <a href="#" style="color:#0288d1; text-decoration:none">Jon Watte</a>, <a href="#" style="color:#0288d1; text-decoration:none">Jonathan Trevor</a>, <a href="#" style="color:#0288d1; text-decoration:none">Philipp Unterbrunner</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">Sutter Hill Ventures</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Capital One Ventures</a>, <a href="#" style="color:#0288d1; text-decoration:none">Madrona</a> <a href="#" style="color:#0288d1; text-decoration:none">+ 1 more</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/cxskilc4uajh9x6bqwq3" 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">Viam</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$45M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Series B</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Viam is a robotics company that lets users build, monitor, and manage their smart machines via cloud-based management.</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">Machine Learning • Robotics • Software • Software Engineering</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">Eliot Horowitz</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">Battery Ventures</a>, <a href="#" style="color:#0288d1; text-decoration:none">Union Square Ventures</a></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">Brightside Health</a></td><td style="border:1px solid #bbb; padding:7px">$33M / <a href="#" style="color:#0288d1; text-decoration:none">Series C</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Section 32</a></td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Aye Finance</a></td><td style="border:1px solid #bbb; padding:7px">1.4B INR / <a href="#" style="color:#0288d1; text-decoration:none">Debt Financing</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Agents for Impact</a></td></tr><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">ZayZoon</a></td><td style="border:1px solid #bbb; padding:7px">$15M / <a href="#" style="color:#0288d1; text-decoration:none">Series B</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Viola FinTech</a></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/v1501750685/enknnhvq1c8nogvnfyn4.jpg" 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">AgeX Therapeutics</a></p><p style="font-size:15px; margin:0; padding:5px 0 0">Pending acquisition by <a href="#" style="color:#0288d1; text-decoration:none">Serina Therapeutics</a> for <span style="color:#333; font-weight:bold">Unknown</span></p></td></tr></tbody></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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All rights reserved. <a href="#" style="color:#0288d1; text-decoration:none">Privacy Policy</a> | <a href="#" style="color:#0288d1; text-decoration:none">Terms of Service</a></p><p style="font-size:11px; margin:0; padding:10px 0 0"><a href="#" style="color:#0288d1; text-decoration:none">Unsubscribe</a> from Crunchbase Daily.</p></td></tr></tbody></table></td></tr></tbody></table><img border="0" width="1" height="1" alt="" src="http://sp.email.crunchbase.com/q/DawljID03YP-yLR7L56yXw~~/AARGbAA~/RgRn5-8UPlcDc3BjQgpmBBRqBWZK1BWrUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~"> </body></html>
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