Lackluster IPO activity drives action to secondary markets
| NEW! Access Crunchbase anywhere with our new Chrome extensionWith Crunchbase’s new Chrome extension, it’s never been easier to access company and contact data when and where you need it. Discover qualified prospects and find contact data for decision-makers on key surfaces, including LinkedIn, Sales Navigator, Salesforce and company websites. Secondary markets looking good in dud IPO yearPublic market activity proved uneventful in Q1, driving a flurry of interest and lower prices on secondary markets like EquityZen as employees continue to desire liquidity. Austin’s Next Coast Ventures raises $310M for new fundsAustin-based startup investor Next Coast Ventures announced it has closed on $310 million in capital across three new funds. The fundraise includes $195 million for a third flagship fund, Next Coast Ventures III, along with a $50 million opportunity fund, and $65 million for a fund backing entrepreneurs who are looking to acquire and scale small businesses. Mnuchin’s PE firm continues strong push into cybersecurity Former U.S. Secretary of the Treasury Steven Mnuchin’s new private equity firm Liberty Strategic Capital has taken on its first majority stake in a company—Dallas-based Zimperium—since launching last year. The deal is worth approximately $525 million. Tech needs to step up efforts to rebuild America’s middle class From an innovation perspective, the challenge of rebuilding the middle class is bigger than any one company or invention. And that’s exactly what makes it a challenge worth pursuing—and why it’s become a core focus area for investor Mike Ghaffary of Canvas Ventures. 2021 study of gender diversity on private company boards When it comes to board diversity, public companies attract the most scrutiny. How do high-growth private companies—those often credited with driving technical innovation and disrupting established industries—fare in terms of diversity in the boardroom? We explore this and more in a study produced through a collaboration between Him For Her and Crunchbase. Sustainable packaging investment accelerates Startups in the sustainable packaging space have pulled in hundreds of millions in venture funding in the past year, per Crunchbase data. And given that much of the other investment skews early or mid-stage, industry insiders see plenty of room for growth ahead. |
