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Atlassian to acquire former unicorn Loom for $975M

TechCrunch: M&A

billion valuation in May 2021 when it announced a $130 million Series C. Atlassian announced this morning that it is acquiring video messaging service Loom for $975 million, the same company that had a $1.53 That was when companies were still thinking about all work being cloud-based and the future looked oh so bright.

Valuation 347
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Bank of America downgrades hot IPO and Nvidia derivative CoreWeave, citing valuation

CNBC: Investing

billion initial public offering raise marked the largest tech offering on Wall Street since 2021. The firm downgraded CoreWeave to neutral from buy on Monday, but increased its price target to $185 per share from $76, which suggests shares could rise 26% from Friday's $147.19 CoreWeave's $1.5

IPO 99
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Venture Capital: Annual VC Valuations Report

Deal Lawyers

PitchBook recently published its 2023 Venture Capital Valuations Report, and not surprisingly, the news is pretty grim. VC valuations continued to head south from their 2021-22 levels. Not surprisingly, exit prospects weren’t great either.

Valuation 113
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Snap acquires Saturn, a social calendar app for high school and college students

TechCrunch: M&A

Boston, MA | July 15 REGISTER NOW Forbes reported in 2021 that Saturn raised $44 million in a funding round led by General Catalyst, Insight Partners, and Coatue, with participation from Bezos Expeditions, Marc Benioff, Dara Khosrowshahi, and Ashton Kutcher and Guy Oseary’s Sound Ventures, among others. high schools have support for Saturn.

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GLI - Mergers & Acquisitions 2023 - 12th Edition

JD Supra: Mergers

Overview - The year 2022 started strong but proved to be a mixed year for M&A in what could be described as a return to earth after the record-setting year that was 2021. M&A market alone exceeded $2 trillion in 2021 – a staggering figure that crushed (by nearly 30%) the then-existing record established in 2015.

Mergers 130
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Hopin, the struggling virtual conference unicorn, sells events and engagement units to RingCentral

TechCrunch: M&A

Hopin , the virtual events startup that saw its star (and valuation) rise quickly during the COVID-19 pandemic, is most definitely coming down to earth. Coming off of a huge couple of years of business during the pandemic, in 2021, it was valued at nearly $7.7 Its customer list features Slack, VMware, UPS, Pepsi and many more.

Business 235
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Socure acquires identity verification startup Berbix for $70M

TechCrunch: M&A

billion valuation during the heady fundraising days of late 2021 (and $100 million earlier in 2021), today announced that it has acquired identity verification service Berbix for $70 million in cash and stock transactions. Socure , the identity verification service that raised a massive $450 million Series E round at a $4.5

Valuation 207