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The age of algorithmic anxiety

The age of algorithmic anxiety
PrivCo's Daily Stack is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
August 11, 2022

Company Spotlights
 

Bookclubs, a platform developer company that offers book club management for reading, discussing and connecting, raises $1.07MM Equity Funding from undisclosed investors.

Reading Apps • Camden, ME • Post-Money Valuation

 

Evidence Partners, a company that offers an AI-enabled literature review automation software, raises $20MM Equity Funding from Thomvest Ventures.

Software Development • Ontario, Canada

   

Modern Life, a tech-enabled insurance brokerage firm, raises $15MM Seed from Thrive Capital.

Insurance • New York, NY • Post-Money Valuation

 

Founderpath, a company that helps SaaS companies increase cash flow without diluting ownership by offering loans based on their monthly recurring revenue, raises $145MM Debt and Equity from undisclosed investors.

Fintech • Austin, TX • Post-Money Valuation

 

Column Software, a company that developed a public notice platform that helps streamline the placement of public notices, raises $30MM Series A from Lux Capital Management.

SaaS • Miami, FL • Post-Money Valuation

 

Truework, a company that provides income and employment verification platform, raises $50MM Series C from G Squared.

Employee Benefits • San Francisco, CA • Post-Money Valuation

 

Prellis Biologics, a company that developed a 3D printed technology designed to help companies to grow healthy oxygenated human organs, raises $35MM Series C from Celesta Capital.

Health Care • San Francisco, CA • Post-Money Valuation

 

Biofourmis, a company that develops a health analytics platform designed to analyze physiology data from clinical-grade wearables, raises $20MM Series D from Intel Capital.

Predictive Analytics • Boston, MA • Post-Money Valuation

 

Nanopath, a molecular diagnostics company enabling high-quality molecular testing methodologies, raises $10MM Series A from Norwest Venture Partners.

Life Sciences • Cambridge, MA • Post-Money Valuation

 

Openspace, a software company that helps capture a complete visual record of a jobsite by combining 360 cameras and AI, raises $9MM Series D from Taronga.

Computer Vision • San Francisco, CA • Post-Money Valuation

 

ReturnLogic, a company that develops return management software solutions for e-commerce brands, raises $8.5MM Series A from Mercury.

SaaS • Camp Hill, PA • Post-Money Valuation

 

Sella, resale platform company that helps buy and sell personal stuff, raises $3MM Seed from Flying Fish Ventures.

Marketplace • Portland, OR • Post-Money Valuation
 

RISC Zero, a company using zero-knowledge (zk) technology to create a scalable blockchain, raises $12MM Seed from Bain Capital Crypto.

Web3 • Seattle, WA • Post-Money Valuation

 

PreciTaste, a company that developed an AI platform that redefines foodservice operations through a digital food management solution, raises $24MM Series A from Melitas Ventures.

Enterprise Software • New York, NY • Post-Money Valuation

 

Bluestem Biosciences, a biotechnology company that focuses on bio-production of chemicals through anaerobic fermentation, raises $5MM Seed from Zero Infinity Partners.

Laboratory • Omaha, NE • Post-Money Valuation

 

CleverTap, a company that provides customer engagement and retention marketing platform, raises $105MM Series D from Caisse de depot et placement du Quebec.

Customer Relationship Management (CRM) • Mountain View, CA • Post-Money Valuation

 

Smartfluence, a platform company that algorithmically connects brands and advertisers with social media influencers, raises $2.15MM Seed from PACA Ventures.

Influencer Marketing • New York, NY • Post-Money Valuation

  

Education Dynamics acquires Edu First, a company which aims to provide an environment that fosters the sharing of information tailored to the student experience with a focus on quality, technology, efficiency and training.

Education • Ft Lauderdale, FL • Deals

 

Williamsmarston acquires Oracle Capital, a financial advisory company that provides valuation and financial advisory services, as well as investment banking services.

Investment Management • Tucson, AZ • Deals

 

Signet Jewelers announces acquisition of Blue Nile, an online retailer of certified diamonds, engagement rings and fine jewelry.

Jewelry • Seattle, WA • Deals

 

Sixgen acquires Fourcast Management and Analysis, a company that provides advisory services, skills, and assistance in the areas of finance, budget and cost estimation.

Advisory • Hanover, MD • Deals

Since last week, PrivCo has added:
2601 Companies | 238 Funding Activities | 280 M&A Deals

What We're Reading

The age of algorithmic anxiety (The New Yorker)
A new wave of female celebrities are releasing wine brands (CNBC)
Robert Shiller predicted the housing bubble. What's his call for 2022? (Fortune)
Apple slowing down M&A activities (Bloomberg)
U.S. healthcare bill sets stage for lower prescription drug costs. (Nasdaq)

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