What happened to all the IPOs??

Week over week there has been a consistent drought of scheduled and upcoming listings. So we decided to pull a Stanley Yelnats and dig in.

Read Kirsten’s most recent Macro Take: Consumer Performance & Delayed IPOs. From StockX to Chime, Instacart & Fabletics, to SPAC Performance YTD.

. . .

Last Week (2/28-3/4):

Relevant deals include the 60+ deals across stages below.

I've categorized the deals below into four categories, Fintech, Care, Enterprise & Consumer, and Sustainability, and ordered from later-stage rounds to early-stage rounds. Highlighted deals include Kin Insurance, Lido Finance, Tenderly, Atomic, Shares, Subspace Labs, Counterpart, Anrok, Fieldguide, Siteline, Haruko, Rarify, Delio, Nosso, Here, Visby Medical, Nayya Health, Rialtic, Scope Security, Rupa Health, Daybreak, Budgie, Fanatics, Weee!, Veev, Abnormal Security, Thatgamecompany, Insider, Connecteam, OpenSpace, 99minutos, Starship, Soona, AssemblyAI, Radian Aerospace, Level AI, VISO Trust, OwnIt, Legends of Learning, Common Paper, KYX World, point.me, Palmetto, Aurora Solar, GridPoint, NCX, Flashfood; Supergoop!, Dadi, Streamlit, Peloton, Zuora, Momentive, Bbot, Sezzle

Funds are raising the bar, Insight Partners raised $20B, Founders Fund raised $5B across two new funds, Spark Capital raised $2.1B, Accel-KKR raised $1.35B, M13 raised $400M to further grow in #LA, and Serena Ventures raised $111M for their 2nd fund.

Final numbers on Russian VC Deals at the bottom.

Follow us on Twitter: @MollySOShea @Sourcery

Deals

Sources: TS, Pro Rata, FinSMEs, Pitchbook, StrictlyVC

Fintech:

- Apollo.io, an S.F.-based provider of B2B sales intelligence and engagement software, raised $110m in Series C funding. Sequoia Capital led, and was joined by insiders Tribe Capital, Nexus Venture Partners and NewView Capital. http://axios.link/MFJG

- Kin Insurance, a Chicago-based direct-to-consumer home insurance company, raised $82 million in Series D funding led by QED Growth and was joined by investors including Commerce Ventures, Flourish Ventures, Hudson Structured Capital Management, Alpha Edison, Allegis NL Capital, Avanta Ventures, August Capital, Geodesic Capital, and PROOF.VC.

- Lido Finance, a liquid staking platform for cryptocurrencies, raised $70 million in funding from a16z.

- Tenderly, a Belgrade, Serbia-based blockchain development platform, raised $40 million in Series B funding led by Spark Capital and was joined by investors including Accel and Point Nine Capital, Abstract Ventures, Coinbase Ventures, Uniswap Labs, Daedalus, Guillermo Rauch, Jinglan Wang, Eric Ries, and Tihomir Bajic.

- Atomic, a Salt Lake City, Utah-based payroll management platform, raised $40 million in Series B funding co-led by Mercato Partners and Greylock and was joined by investors including Core Innovation Capital, Portage, and ATX Venture Partners.

- Shares, a London-based social investing app, raised $40m in Series A funding led by Valar Ventures. www.shares.io

- Subspace Labs, a Palo Alto, Calif.-based infrastructure platform to help build decentralized platforms, raised $32.9 million in funding led by Pantera Capital and was joined by investors including Coinbase Ventures, Crypto.com, Alameda Research, ConsenSys Mesh, KR1, Hypersphere Ventures, Stratos Technologies, AVG Blockchain Fund, GSR Ventures, and Eniac Ventures.

- FreeWill, a New York-based "social good" startup that combines philanthropy with estate planning, raised $30m in Series B funding led by Bain Capital Double Impact. www.freewill.com

- Counterpart, a Walnut, Calif.-based insurtech management liability platform, raised $30 million in Series B funding led by Vy Capital, Valor Equity Partners, and Felicis Ventures.

- Anrok, a San Francisco-based sales tax solution for SaaS businesses, raised $20 million in funding led by Index Ventures and Sequoia.

- Thetanuts Finance, a Williamsburg, Va.-based yield-generating crypto company, raised $18 million in seed funding led by Three Arrows Capital, Deribit, QCP Capital, and Jump Crypto.

- nSure.ai, a Tel Aviv, Israel-based automated chargeback guarantee platform, raised $18 million in Series A funding led by MoreTech Ventures and was joined by investors including DisruptiveAI, Gryffin Ventures, and Moneta Seeds.

- Fieldguide, an S.F.-based automation and collaboration platform for audit and advisory firms, raised $17m in Series A funding. 8VC led, and was joined by insiders Floodgate and AICPA/CPA.com. www.fieldguide.io

- Siteline, a San Francisco-based billing solution for commercial trade contractors, raised $15 million in Series A funding led by Menlo Ventures and was joined by existing investors.

- Piñata, a Newark, N.J.-based rewards and credit building membership program for renters, raised $13 million in Series A funding led by Wilshire Lane Capital.

- Haruko, a London-based crypto company connecting capital to the blockchain, raised $10 million in funding led by Portage Ventures and White Star Capital.

- Rarify, a New York-based NFT application programming interface (API) platform, raised $10 million in Series A led by Pantera Capital.

- Delio, a Cardiff, U.K.-based investment platform for financial institutions, raised $8.3 million in funding led by Octopus Ventures.

- Nested, a Geneva, Switzerland-based social trading platform based on financial NFTs, raised $7.5 million in Series A funding led by Alan Howard and was joined by investors including Republic Capital, Kenetic Capital, CMT Digital, Joseph Eagan, former president of Polychain Capital Lily Liu, Julien Bouteloup, REKT, Blackpool, and others.

- Plum Life, a Berkley Heights, N.J.-based digital life insurance sales platform, raised $5.3m in seed funding. ManchesterStory led, and was joined by MTech Capital and Sonostar Ventures. www.helloplum.com

- Nifty League, a Mill Valley, Calif.-based NFT gaming platform, raised $5 million in seed funding led by RSE Ventures and was joined by investors including Spartan Group, Lerer Hippeau, VaynerFund, Private Ventures Group, Advancit W3, Avocado Guild, EVOS Gaming, TEOH Capital, 3SE Holdings, y2z Ventures, Nyan Heroes, DraftKings Co-founder Matthew Kalish, and Gallery Media Group CEO Ryan Harwood.

- CryptoTaxCalculator, a Sydney, Australia-based platform for simplifying crypto tax calculations, raised $2.9 million in seed funding led by AirTree Ventures and was joined by investors including Coinbase Ventures and 20VC.

- Nosso, a London-based fintech helping parents invest and plan for their children's financial futures, raised $2.8m in funding led by Octopus Ventures and Anthemis and was joined by investors including Entrepreneur First, Ventures Together, Errol Damelin, Tracy Doree, and Peter Hetherington.

- Gesund.ai, a San Francisco-based health care platform for clinical-grade A.I., raised $2 million in seed funding led by 500 Global.

- Here, a Miami-based vacation rental investment marketplace, raised $2 million in pre-seed funding from investors including Joe Montana’s Liquid 2 Ventures, Mucker Capital, Bragiel Brothers, Alumni Ventures, Gaingels, and others.

- Quiver Quantitative, a Spring Green, Wis.-based investment research platform, raised $2 million in funding led by Allos Ventures and was joined by investors including M25, Bascom Ventures, Lancaster Investments, Connetic Ventures, WARF, and the Idea Fund of La Crosse.

- The Host Co., a Los Angeles-based, digital commerce marketplace for short-term rentals, raised $1.85 million in seed funding led by HearstLab and was joined by investors including The Artemis Fund and Untapped Capital.

. . .

Care:

- Visby Medical, a San Jose, Calif.-based maker of handheld PCR diagnostic tests, raised over $100m in Series E funding. Ping An Voyager Partners led, and was joined by HOOPP and insiders John Doerr, Cedars Sinai Medical Center, ND Capital, Artiman Ventures, Pitango VC, Blue Water Life Science Advisors and Nissim Capital. http://axios.link/91If

- Nayya Health, a New York-based benefits experience and healthcare management platform, raised $55 million in Series C financing led by existing investor ICONIQ Growth and was joined by investors including Transformation Capital, Felicis Ventures, and SemperVirens.

- Rialtic, an Atlanta, Ga.-based enterprise software platform for healthcare insurers and providers, raised $28 million in Series A funding led by F-Prime Capital and was joined by investors including Oak HC/FT, Health Velocity Capital, and Noro-Moseley Partners.

- Scope Security, a New York-based security platform for health systems, raised $20 million in Series A funding led by Thrive Capital and was joined by investors including SV Angel, Martin Ventures, Sound Ventures, Crossbeam, and Free Solo.

- Rupa Health, a San Francisco-based digital healthcare platform that assists doctors with ordering lab work, raised $20 million in Series A funding led by Bessemer Ventures and was joined by investors including First Round Capital, Lachy Groom, SV Angel, Floodgate, Hustle Fund, Operator Collective, the Chainsmokers, Jared Leto, Joe Montana, and others.

- Pristine Surgical, a Manchester, N.H.-based digital visualization platform focused on improving endoscopic surgeries, raised $15 million in Series D funding led by Ceros Capital Markets.

- CancerIQ, a Chicago-based early cancer detection and prevention platform, raised $14 million in Series B funding round co-led by Merck Global Health Innovation Fund and Amgen Ventures and was joined by investors including McKesson Ventures, OSF Ventures, and HealthX Ventures.

- HerMD, a Cincinnati, Ohio-based female-focused health care company, raised $10 million in Series A funding led by Jazz Venture Partners.

- Daybreak Health, an S.F.-based provider of school-focused behavioral health services, raised $10m in Series A funding led by Lightspeed Venture Partners, as first reported by Axios Pro. http://axios.link/udUm

- juli, a Hull, Mass.-based digital health platform focused on chronic conditions, raised $3.8 million in seed funding led by Speedinvest and Norrsken VC.

- Budgie Health, a health benefits navigation startup, raised $3.2m in seed funding from Greycroft, Pear VC and Correlation Ventures.

. . .

Enterprise & Consumer:

- Fanatics, a Jacksonville, Fla.-based online sports retail company, raised $1.5 billion in funding from investors including Fidelity, BlackRock, and MSD Capital, per The Wall Street Journal.

- Weee!, a Fremont, Calif.-based online supermarket, raised $425 million in late-stage funding led by SoftBank Vision Fund 2 and was joined by investors including Greyhound Capital and others.

- Veev, a San Mateo, Calif.-based technology-enabled homebuilding company, raised $400 million in Series D funding led by BOND and was joined by investors including LenX, Zeev Ventures, Fifth Wall Climate Tech, and JLL Spark Global Ventures.

- Abnormal Security, an S.F.-based email security company, is in talks to raise between $250m and $300m at a $4b valuation led by Insight Partners, per tech reporter Eric Newcomer. http://axios.link/4ku0

- Thatgamecompany, a Santa Monica, Calif.-based game publisher whose titles include Sky: Children of the Light, raised $160m from TPG and Sequoia Capital. www.thatgamecompany.com

- Insider, a marketing SaaS platform with offices in New York and Singapore, raised $121m in Series D funding at a $1.22b post-money valuation. Qatar Investment Authority led, and was joined by Sequoia Capital, Riverwood Capital, 212, Wamda Capital, Esas Private Equity, and Endeavor Catalyst. www.useinsider.com

- Connecteam, a New York-based employee optimization app, raised $120 million in a Series C funding co-led by Stripes and Insight Partners and was joined by investors including Tiger Global, Qumra Capital, and O.G. Tech.

- Luminous Computing, a Mountain View, Caif-based photonic chip developer, raised $105 million in Series A funding from investors including Gigafund, Bill Gates, 8090 Partners, Neo, Third Kind Venture Capital, Alumni Ventures Group, Strawberry Creek Ventures, Horsley Bridge, Modern Venture Partners, and others.

- OpenSpace, a San Francisco-based startup that develops machine vision technology for the construction industry, raised $102 million in funding led by PSP Growth and was joined by investors including BlackRock, Alkeon Capital Management, and Menlo Ventures.

- 99minutos, an e-commerce logistics provider focused on Latin America, raised $82m in Series C funding. Oak HC/FT led, and was joined by insiders Kaszek and Prosus Ventures. http://axios.link/R3ww

- Reforge, an S.F.-based career development platform, raised $60m in Series B funding. Insight Partners led, and was joined by Andreessen Horowitz, True Ventures, NextView Ventures, TCV and Long Journey Ventures. www.reforge.com

- Sanctuary, which is based in Vancouver and manufacturers robots to serve as personal assistants, raised $58.5 million from investors including Verizon Ventures, Evok Innovations, and Workday Ventures.

- Starship Technologies, an Estonia-founded developer of autonomous delivery robots, raised $42m in Series B funding. NordicNinja and Taavet+Sten co-led, and were joined by insiders Goodyear and TDK Ventures. http://axios.link/umc8

- soona, a Denver, Colo.-based virtual content creation platform for e-commerce, raised $35 million in Series B funding led by Bain Capital Ventures and was joined by previous investors including Union Square Ventures, Matchstick Ventures, Starting Line Ventures, 2048 Ventures, and Range Ventures.

- AssemblyAI, an S.F.-based speech recognition startup, raised $28m led by Accel. www.assemblyai.com

- Radian Aerospace, a Renton, Wash.-based company focusing on space launch capabilities, raised $27.5 million in seed funding led by Fine Structure Ventures and was joined by investors including Ultratech Capital Partners, Helios Capital, The Private Shares Fund, Explorer 1 Fund, Evolution VC Partners, SpaceFund, Gaingels, The Venture Collective, Alumni Ventures Group, EXOR Seeds, Type One Ventures, Sand Hill Angels.

- Level AI, a Mountain View, Calif.-based enterprise customer service and experience startup, raised $20m in Series B funding. Battery Ventures led, and was joined by fellow insiders Eniac and Village Global. www.thelevel.ai

- ArDrive, a Clifton, N.J.-based permanent storage application, raised $17.2 million in seed funding led by Arweave, Blockchain Capital, and Sino Global Capital and was joined by investors including Long Hash Ventures, Foresight Ventures, SevenXVentures, Hypersphere Ventures, Momentum 6, OFR Fund, ArkStream Capital, DRF, Cipholio Ventures, and Viewblock (Compute Ventures).

- Disco, a Toronto-based educational software platform for knowledge creators and organizations, raised $15 million in Series A funding led by GSV Ventures.

- OpsLevel, a microservices management platform for developers, raised $15m in Series A funding. Threshold Ventures led, and was joined by S28 Capital, Webb Investment Network and Vertex Ventures. http://axios.link/j0Mi

- Rebel Girls, a Larkspur, Calif.-based female empowerment brand,raised $13 million in seed funding led by Owl Ventures and was joined investors including MindShift Capital, Emmeline Ventures, Joelle Kayden, Deborah Mei, Sukhinder Singh Cassidy, Wenda Millard, Brit Morin, Simone Otus Coxe, and Kat Taylor.

- RioGrande, a Mexico City-based platform to scale and build online brands, raised $12 million in seed funding led by Y Combinator and Jaguar Ventures and was joined by investors including Arielle Zuckerberg, Justin Mateen, and others.

- VISO Trust, a San Francisco-based cybersecurity and due diligence platform, raised $11 million in Series A funding led by Bain Capital Ventures and was joined by investors including Work-Bench, Sierra Ventures, Lytical Ventures, Mandiant CEO Kevin Mandia, Crowdstrike CEO George Kurtz, and former Splunk CEO Doug Merritt.

- Antenna, a streaming measurement startup co-founded by Axios alum Rameez Tase, raised $10m in Series A funding. Bertelsmann Digital Media Investments led, and was joined by Grit Capital, Hyper, Imagination Capital, SK Ventures, Waverley Capital, UTA Ventures and Raine Ventures. http://axios.link/uNg0

- Sourcemap, a New York-based provider of end-to-end supply chain due diligence software, raised $10 million in Series A funding led by Energize Ventures and was joined by investors including E14 Fund.

- Inworld AI, a Mountain View, Calif.-based platform for creating "AI-powered" virtual world characters, raised $10m. Bitkraft Ventures led, and was joined by The Venture Reality Fund and insiders Kleiner Perkins and CRV. www.inworld.ai

- Overview, a San Francisco-based manufacturing automation company, raised $10 million in Series A funding led by Blumberg Capital and was joined by investors including GV, Momenta, and Bain Capital.

- Yoshi, a Nashville, Tenn.-based on-demand vehicle refueling service provider, raised $10 million in funding led by Bridgestone Americas.

- Daybase, a New York-based coworking startup, raised $9.6m in seed funding. True Ventures led, and was joined by Company Ventures, Good Friends and several NYC property moguls. http://axios.link/AYas

- Orkes, a Cupertino, Calif.-based microservices and workflow platform, raised $9.3 million in funding co-led by Battery Ventures and Vertex Ventures US.

- Archive, a Miami-based e-commerce marketing and automation platform, raised $8 million in Seed-2 funding led by Tiger Global and Human Capital and was joined by investors including Battery Ventures, Anti Fund, Red Antler, 305 Ventures, and others.

- OwnIt, an S.F.-based connected checkout startup, raised $8m from Caffeinated Capital, SciFi VC, GGV Capital and Abstract Ventures. http://axios.link/GnuV

- Ex Parte, a Bethesda, Md.-based legal tech saas startup using A.I. to predict and litigation outcomes, raised $7.5 million in Series A funding led by R8 Capital.

- BastionZero, a Boston-based cybersecurity company focused on building infrastructure remote access, raised $6 million in seed funding led by Dell Technologies Capital and was joined by investors including Akamai and Digital Garage Lab Fund.

- MyPlace, a New York-based house sharing platform, raised $5.8 million in seed funding led by Freestyle and was joined by investors including Haystack, Oceans, and OnDeck.

- PTO Exchange, a Woodinville, Wash.-based benefits platform focused on unused paid time off, raised $5.4 million in seed II funding led by TTV Capital and was joined by investors including Fin Capital, Manifold Ventures, CFV Ventures, SpringTime Ventures, Forefront Venture Partners, and WestRiver Group.

- Calyptia, a San Francisco-based stream processing platform for data management, raised $5 million in seed funding led by Sierra Ventures and Carbide Ventures.

- Legends of Learning, a Washington, D.C.-based educational gaming platform for K-12 students, raised $5 million in seed funding led by Konvoy Ventures and was joined by investors including co-founder and CEO of fitbit James Park, co-founder at Kabam Holly Liu, partner at Lightspeed Venture Partners Jeremy Liew, and co-founder and CEO of Crunchyroll Kun Gao.

- Testsigma, a San Francisco-based automated testing platform for web and app development, raised $4.6 million in seed funding led by Accel and STRIVE and was joined by investors including BoldCap, co-founder and CTO of Freshworks Shanmugam Krishnasamy, co-founder and vp of engineering at Freshworks Kiran Darisi, co-founder and principal engineer at Freshworks Parsuram Vijayasankar, CEO of Ally.io Vetri Vellore, CEO at B12 Nitesh Banta, co-founder at Pintek Ioann Fainsilber, and others.

- Common Paper, a Beaverton, Ore.-based commercial contracting software company, raised $4.5 million in seed funding, co-led by Boldstart Ventures and Uncork Capital and was joined by investors including CEO of Carta Henry Ward, CEO of UiPath Daniel Dines, and co-founders of TechGC Greg Raiten and Kiran Lingam.

- Calven, a Sydney, Australian-based hybrid work SaaS startup, raised AUD $6.8 million ($4.92 million) in seed funding led by AirTree Ventures and was joined by investors including Canva and the Gonski Family Office.

- Cococart, a Hong San Walk, Singapore-based platform allowing merchants to accept online orders, raised $4.2M in funding. Forerunner and Sequoia led the round and were joined by investors including Y Combinator, Uncommon Capital, Soma Capital, Liquid 2 Ventures, Fitbit CEO James Park, and Curated CEO Eduardo Vivas.

- Cognitive Space, a Houston, Texas-based A.I. and blockchain-based company focused on orchestrating satellite constellations, raised $4 million in seed funding led by Grit Ventures and was joined by investors including Ultratech Capital Partners, Cultivation Capital, Glasswing Ventures, Gutbrain Ventures, PBJ Capital, SpaceFund, Deep Ventures, Argon Ventures and Techstars.

- HearHere, a Santa Barbara, Calif.-based storytelling app, raised $3.2 million in seed funding led by Camping World and was joined by investors including Pasadena Angels, Seraph Group, and others.

- KYX World, an LA-based sneaker subscription startup, raised $3m led by SeventySix Capital. http://axios.link/5dqh

- Visionary.ai, a Tel Aviv, Israel-based startup that uses A.I. to make cameras operate better, raised an additional $2.5 million in seed funding led by Ibex Investors and was joined by investors including Spring Ventures and Capital Point.

- point.me, a New York-based flight award travel tool, raised $2 million in seed funding from investors including WndrCo Holdings, DreamWorks Animation CEO Jeffrey Katzenberg, Dropbox founder Sujay Jaswa, former DreamWorks Animation president Ann Daily, Skinnygirl founder and CEO Bethenny Frankel, Paul Bernon, David M. Baggett, and Carl de Marcken.

- NextGem, a Grand Rapids, Minn.-based social app built for sports trading card enthusiasts, raised $1.8 million in pre-seed funding led by Great North Ventures and was joined by investors including SK Ventures, Groove Capital, Gopher Angels, ESPN analyst Matthew Berry, former Minnesota Twin baseball player Corey Koskie, and Ryan McKillen.

. . .

Sustainability:

- Palmetto, a Charleston, S.C.-based clean energy marketplace and technology services platform, raised $375 million in funding led by Social Capital and was joined by investors including ArcTern Ventures, Gaingels, Lerer Hippeau, and MacKinnon, Bennett & Co.

- Aurora Solar, an S.F.-based provider of software for solar energy sales and design, raised $200m in Series D funding. Energize Ventures and Coatue co-led, and were joined by Fifth Wall, Iconiq, Lux Capital and Emerson Collective. http://axios.link/RrRL

- GridPoint, a Reston, Va.-based energy management and optimization company for buildings, raised $75 million in funding led by the Sustainable Investing Group and was joined by investors including Shell Ventures.

- NCX, a San Francisco-based carbon marketplace, raised $50 million in Series B led by Energize Ventures and was joined by investors including Scribble Ventures and TIME Ventures.

- Aether Diamonds, a New York-based diamond creator made from atmospheric carbon, raised $18 million in Series A funding led by Helena and was co-led by TRIREC and was joined by investors including SOUNDWaves, Khosla Ventures, and Social Impact Capital.

- Flashfood, a Toronto-based mobile marketplace providing customers access to discounted food nearing its best-by date, raised $12.3 million in Series A funding led by S2G Ventures and was joined by investors including ArcTern Ventures, General Catalyst, Food Retail Ventures, Rob Gierkink, and Alex Moorhead, co-founder and executive chairman at RHI Group.

- H2U Technologies, a Chatsworth, Calif.-based company focused on scaling the hydrogen economy, raised $11 million in Series A funding led by Jericho Energy Ventures, Freeflow Ventures, VoLo Earth Ventures, and Hess Corporation.

Acquisitions & PE:

- Blackstone acquired Supergoop!, a San Antonio, Texas-based skincare brand. Financial terms were not disclosed.

- Ro acquired Dadi, a New York-based sperm collection and testing startup, for approximately $100 million.

- Snowflake (NYSE: SNOW) agreed to buy Streamlit, an S.F.-based model comparison tool for machine learning development, for $800m in cash and stock. Streamlit had raised $62m from firms like GGV Capital, Gradient Ventures, Sequoia Capital and Fresh Ventures. http://axios.link/MSG5

- MSD Partners agreed to buy $50m of Peloton (Nasdaq: PTON) shares from company founder and exec chair John Foley. http://axios.link/awp2

- Silver Lake agreed to invest $400m in Zuora (NYSE: ZUO), a San Mateo, Calif.-based subscription management software provider. Zuora's CEO says the investment could help enable acquisitions. http://axios.link/Ar5y

- Zendesk (NYSE: ZEN) terminated its takeover of SurveyMonkey parent Momentive (Nasdaq: MNTV), after failing to secure shareholder approval. http://axios.link/SSav

- Otonomo Technologies agreed to acquire The Floow, a Sheffield, U.K.-based telematics data gathering system, in a cash and stock deal valued at approximately $69 million

- DoorDash (NYSE: DASH) acquired Bbot, a New York-based smart ordering startup that had raised around $23m from firms like Rally Ventures, CRV, Supernode Ventures, Forum Ventures and Craft Ventures. www.meetbbot.com

- Golden Gate Capital is seeking a buyer for Ensemble Health Partners, a a Cincinnati-based provider of revenue cycle management software that last year canceled IPO plans, per Bloomberg. A sale reportedly could fetch up to $5b. http://axios.link/X20F

- Health Catalyst (Nasdaq: HCAT) agreed to buy KPI Ninja, a Lincoln, Nebraska-based provider of interoperability and population health analytics tools. Sellers include Invest Nebraska. www.kpininja.com

- Albertsons (NYSE: ACI), the Phoenix-based grocery giant, said it would study strategic alternatives, which some believe could include the sale of sub-brands like Acme. Cerberus Capital Management still holds more than a 30% stake in Albertson's, following the company's 2020 IPO. http://axios.link/OJje

- S&P Global (NYSE: SPGI) completed its all-stock purchase of IHS Markit (NYSE: INFO).

- Zip (ASX: Z1P) agreed to buy rival Australian BNPL company Sezzle (ASX: SZL) for A$491m in stock. http://axios.link/FREs

- Mercer Global Advisors acquired Benemark, a Westport, Conn.-based wealth management firm. Financial terms were not disclosed.

- Verbit acquired Take Note, a London-based transcription services company. Financial terms were not disclosed.

. . .

IPOs:

Remember when companies used to do IPOs? Some 2022 stats, per Renaissance Capital.

Only 16 IPOs have priced on U.S. exchanges, down 72.4% from year-to-date 2021.

IPO proceeds are just $2 billion, down 90.9%.
Only 33 IPOs have filed, which is off 57.7%.

. . .

SPACs:

- Activate Permanent Capital, a sustainability SPAC led by former EnerNOC CEO Tim Healy, withdrew registration for a $250m IPO. http://axios.link/nr3p

- Anthropos Capital, a SPAC led by John Megrue (ex-Bridgewater Associates) and Fred Crawford (ex-CEO of AlixPartners), withdrew registration for a $250m IPO. http://axios.link/DkqN

- Fifth Wall Acquisition II, a property tech SPAC, withdrew registration for a $150m IPO. http://axios.link/5uRL

Funds:

- Insight Partners, a New York-based tech-focused venture capital and private equity firm, raised $20 billion for its largest flagship fund yet. The new fund from Insight, one of the most active venture investors last year, adds to the flood of capital pouring into private companies, but comes at a time when public market investors are souring on growth stocks, writes Lucinda Shen in Axios Pro.

- Founders Fund raised $5B across two new funds, $1.93b for its eighth flagship early-stage fund and $3.4b for its second growth fund. Founders Fund now has $11B in AUM. www.foundersfund.com

- Kin Ventures, a Seattle-based firm led by Tina Hoang-To (ex-Obvious Ventures), is raising up to $100m for its debut fund, per an SEC filing.

- M13, a Santa Monica, Calif.-based VC firm focused on consumer tech, raised $400m for its third fund. http://axios.link/LvOv

- Spark Capital, a San Francisco-based venture capital firm, raised $2.1 billion for a new fund focused on early-stage companies and venture growth.

- Accel-KKR, a Menlo Park, Calif.-based private equity firm, raised $1.35 billion for a fourth fund focused on minority preferred equity investments in software and technology-enabled services companies.

- Serena Ventures, the VC firm co-founded by Serena Williams, raised $111m for its second fund. http://axios.link/Ng2X

- SV Angel raised $269m for its first-ever growth fund, which will focus on existing portfolio companies. It will be led by Ashvin Bachireddy, previously of Geodesic Capital. http://axios.link/8yT2

- Hiro Capital, a London-based venture capital firm, raised $340 million for a second fund focused on games, esports, creator platforms, and gamified fitness.

- Hack VC, a San Francisco-based venture capital firm, raised $200 million for its crypto seed fund focused on crypto, Web3, and blockchain startups.

- Blueprint Equity, a Solana Beach, Calif.-based growth equity fund, raised $175 million for its second fund.

- Electric Capital, a Palo Alto, Calif.-based venture capital firm, raised $1 billion for its third early stage fund and a new digital token fund.

- Cigna Ventures, the Bloomfield, Conn.-based venture capital arm of Cigna, raised $450 for a new fund focused on health tech startups.

Final Numbers: Russian VC deals

Source: PitchBook. Data through Feb. 25, 2022.

The material presented on Molly O’Shea’s website are my opinions only and are provided for informational purposes and should not be construed as investment advice. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy, or investment product. Any analysis or discussion of investments, sectors or the market generally are based on current information, including from public sources, that I consider reliable, but I do not represent that any research or the information provided is accurate or complete, and it should not be relied on as such. My views and opinions expressed in any website content are current at the time of publication and are subject to change. Past performance is not indicative of future results.

Sourcery

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