April 25, 2024 6:18 AM
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newsletter@email.crunchbase.com
What to expect from the IPO market this year
Discussion on the resurgence of the IPO market, venture capital in health tech and Web3, and insight into AI data centers' sustainability.
Plus, VCs pull out their wallets as health consumers do the same April 25, 2024 Hi, Tim . Is the IPO market back? Microsoft-backed data security firm Rubrik is set to start trading on the New York Stock Exchange today, following last month’s debuts
April 25, 2024 6:18 AM
-
newsletter@email.crunchbase.com
What to expect from the IPO market this year
Discussion on the resurgence of the IPO market, venture capital in health tech and Web3, and insight into AI data centers' sustainability.
Plus, VCs pull out their wallets as health consumers do the same April 25, 2024 Hi, Tim . Is the IPO market back? Microsoft-backed data security firm Rubrik is set to start trading on the New York Stock Exchange today, following last month’s debuts
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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="2024-04-24T19:03:27Z"></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/Am9YN2bOzj-qA3btXWFO-w~~/AARGbAA~/RgRoDNkIPVcDc3BjQgpmKAhUKmYH1S5NUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAADs~" alt=""></div><span style="color:transparent; visibility:hidden; display:none; opacity:0; height:0; width:0; font-size:0">Plus, VCs pull out their wallets as health consumers do the same</span><img src="http://links.email.crunchbase.com/e/eo?_t=071ea1d6efd844c0a60f7d7dc2214a93&_m=b1f09723d38e4a33b10f87b6ec89dfb1&_e=dmjWgrP_Ky91CQSo-pVAMgVblJxTQ3DRf1qFCARm_3DOdrd7q22lSLQ8tsEcSoubq_Z0xrQigRKsmskJ67GNVMu-i8zPdCFANvWJXBxDOeVO1qrsBJGyJzXyYW1qLW_nh1zs3mCrlVduAo5ztY4Pxg%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">[Date]</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 . Is the IPO market back? <a href="#" style="color:#0288d1; text-decoration:none">Microsoft</a>-backed data security firm <a href="#" style="color:#0288d1; text-decoration:none">Rubrik</a> is set to start trading on the <a href="#" style="color:#0288d1; text-decoration:none">New York Stock Exchange</a> today, following last month’s debuts by <a href="#" style="color:#0288d1; text-decoration:none">Reddit</a> and chip firm <a href="#" style="color:#0288d1; text-decoration:none">Astera Labs</a>. The question now is <a href="#" style="color:#0288d1; text-decoration:none">whether that small trickle of new public companies will lead to a more steady stream</a> as the second quarter moves into the third, and if highly anticipated companies like AI-enhanced data analytics company <a href="#" style="color:#0288d1; text-decoration:none">Databricks</a> and fintech giant <a href="#" style="color:#0288d1; text-decoration:none">Stripe</a> enter the market.</p><h2 id="what-to-expect-from-the-ipo-market-this-yearhttpsnewscrunchbasecompublicipo-market-insiders-optimistic-alab-rddt" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🔮 <a href="#" style="color:#0288d1; text-decoration:none">What to expect from the IPO market this year</a></h2><p style="margin:0 0 15px 0">Signs of a rejuvenated IPO market have returned as many wonder who may be next — and when. We chat with IPO market insiders about what they’re seeing on the ground and what they expect for the rest of this year when it comes to new public-market debuts.</p><h2 id="vcs-pull-out-their-wallets-as-health-consumers-do-the-samehttpsnewscrunchbasecomhealth-wellness-biotechfunded-startups-healthcare-out-of-pocket-costs" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🩺 <a href="#" style="color:#0288d1; text-decoration:none">VCs pull out their wallets as health consumers do the same</a></h2><p style="margin:0 0 15px 0">U.S. consumers are spending more of their own money on healthcare again. In the past couple of years, hundreds of millions of dollars have gone to startups working on things like health savings account platforms, care price comparison apps, and tools for employers offering high-deductible plans, Crunchbase data shows.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro list: <a href="#" style="color:#0288d1; text-decoration:none">Funded Companies Tied To High-Deductible Insurance And Self-Pay Healthcare</a></p><h2 id="a-wake-up-call-for-sustainable-ai-data-centershttpsnewscrunchbasecomaisustainable-data-centers-semiconductors-claman-accelsius" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">⏰ <a href="#" style="color:#0288d1; text-decoration:none">A wake-up call for sustainable AI data centers</a></h2><p style="margin:0 0 15px 0">The AI revolution is here, with the promise to produce breakthroughs that can save and enhance billions of lives. But the brilliant gleam of that potential is preventing us from clearly seeing a huge concern — we may not have enough electricity to power the growing number of AI-focused data centers. Guest author <a href="#" style="color:#0288d1; text-decoration:none">Josh Claman</a> argues why it’s crucial that AI innovation is both groundbreaking and environmentally responsible.</p><h2 id="web3-funding-shows-surprise-uptickhttpsnewscrunchbasecomweb3venture-funding-bounces-back-q1-2024" style="color:#333; margin:0 0 5px 0; font-size:14px; font-weight:bold">🕸️ <a href="#" style="color:#0288d1; text-decoration:none">Web3 funding shows surprise uptick</a></h2><p style="margin:0 0 15px 0">It wasn’t that long ago that Web3 <a href="#" style="color:#0288d1; text-decoration:none">was the darling of the private market</a>, with new unicorns being minted seemingly every week. But the <a href="#" style="color:#0288d1; text-decoration:none">venture pullback</a> that started in 2022 hit the Web3 sector hard. Could that be changing? After all, the first quarter of this year marked the first increase Web3 venture funding has seen since Q4 2021.</p><p style="margin:0 0 15px 0">Related Crunchbase Pro list: <a href="#" style="color:#0288d1; text-decoration:none">Funding To VC-Backed Web3 Startups</a></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/kdzzx0x7eaff7kjki3nn" 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">ThreatLocker</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 D</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">ThreatLocker is a cybersecurity company that specializes in endpoint security and application whitelisting 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">Cyber Security • Information Technology • Network Security</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">Danny Jenkins</a>, <a href="#" style="color:#0288d1; text-decoration:none">John Carolan</a>, <a href="#" style="color:#0288d1; text-decoration:none">Sami Jenkins</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">General Atlantic</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">D. E. Shaw & Co.</a>, <a href="#" style="color:#0288d1; text-decoration:none">StepStone Group</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/zyklirfsapujybq0e8nn" 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">MARKT-PILOT</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$43M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Series A</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">MARKT-PILOT develops software to optimize machine manufacturers' spare parts business through market-driven pricing.</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 • Machinery Manufacturing • SaaS • 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">Amin Oumhamdi</a>, <a href="#" style="color:#0288d1; text-decoration:none">Gregor Gatermann</a>, <a href="#" style="color:#0288d1; text-decoration:none">Tobias Rieker</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">Insight Partners</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">Capnamic Ventures</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/bwlowuoxlz3nwjzrklu4" 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">Campus</a></p><p style="font-size:20px; font-weight:bold; margin:0; padding:5px 0 0"><a href="#" style="color:#333; text-decoration:none">$23M</a> / <a href="#" style="color:#0288d1; text-decoration:none">Series A</a></p></td></tr><tr><td colspan="5" style="font-size:13px; padding:10px 0 5px">Campus.edu offers online associate degrees and skills-focused programs with live classes from professors nationwide.</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">EdTech • Education • Higher Education</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">Tade Oyerinde</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">Founders Fund</a> (Lead), <a href="#" style="color:#0288d1; text-decoration:none">8VC</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">CN Bio</a></td><td style="border:1px solid #bbb; padding:7px">$21M / <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">Bayland Capital</a></td></tr><tr style="background:#f6f6f6"><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Turnkey</a></td><td style="border:1px solid #bbb; padding:7px">$15M / <a href="#" style="color:#0288d1; text-decoration:none">Series A</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Galaxy Interactive</a></td></tr><tr><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">BforeAI</a></td><td style="border:1px solid #bbb; padding:7px">$15M / <a href="#" style="color:#0288d1; text-decoration:none">Series A</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">SYN Ventures</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/ietnyj2pedn1o6tnsyik" 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">Hibbett Sports</a></p><p style="font-size:15px; margin:0; padding:5px 0 0">Pending acquisition by <a href="#" style="color:#0288d1; text-decoration:none">JD Sports</a> for <span style="color:#333; font-weight:bold">$1.1B</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">Drone Racing League</a></td><td style="border:1px solid #bbb; padding:7px"><a href="#" style="color:#0288d1; text-decoration:none">Infinite Reality</a></td><td style="border:1px solid #bbb; padding:7px">$250M</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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