Chris Hastings | [email protected] | 917-621-3750 Private Placement Activity 10/2/2017 – 10/6/2017 (Transactions in excess of $15 million) Trends & Commentary . Blockchain technology, a distributed and decentralized database shared among participants, allows users to collaborate and share access for items such as cryptocurrencies, supply chain management and financial exchange. This technology has been garnering traction in terms of its applications in contract management, global trade, digital currency and other well-developed industries due to its ability to track the chronology of records and assure that records cannot be modified after being created. Still, blockchains have yet to achieve widespread adoption due various barriers in place, such as regulatory bodies and cybersecurity. The volume of deals in Fintech is expected to keep pace with its strong 2016 performance based on its 2017 second and third quarter results. Investors have invested $2.55 billion to date in 2017 into U.S.-based Fintech companies, nearly matching 2016’s full year investment amount. Danny Meyer, the founder of Shake Shack, has launched a new private equity fund, Enlightened Hospitality Investments LP, which has raised $220 million to invest in companies that share his employee-centric focus, including those in the restaurant industry. NFX, a venture fund that primarily invests in Seed and Series A funding in Palo Alto and San Francisco, is seeking to raise $150 million for its debut venture fund that invests in next-generation tech companies. NFX’s managing partners have personally founded or been CEO of more than 10 VC-backed technology startups, including co-founding Trulia. Following its acquisition of Whole Foods, Amazon could be moving into the meal-kit delivery service industry after securing a new brand name in Germany. This would put Amazon in direct competition with HelloFresh in the €435 million meal-kit industry. To combat Amazon’s rapid expansion, Walmart has agreed to purchase Parcel, a same-day delivery company. This follows Walmart’s earlier deal to acquire Bonobos, an online men’s fashion retailer and its partnership with Uber to deliver groceries. Highlights . Wheels Up, a provider of membership-based aviation services, raised $118 million at a $583 million pre-money valuation – Fidelity Management & Research led the round. Infinidat, a developer of data storage management technology, raised $95 million in Series C funding at a $1.5 billion pre-money valuation – Goldman Sachs Private Capital Investing led the round. The Honest Company, a provider of an online platform for baby and lifestyle products, raised $75 million in Series E funding at a $785 million pre-money valuation, resulting in a down round from its previous $1.6 billion pre-money valuation in 2015 – Fidelity Investments led the round. Docker, a developer of an open source database platform, raised $62 million at a $1.2 billion pre-money valuation – investors include Greylock Partners and Sequoia Capital. Huuuge Games, a developer of free-to-play mobile casino games, raised $49 million in Series C funding at a $194 million pre-money valuation – investors include Korea Investment Partners. eShares, a developer of a cap table management platform, raised $39 million – investors include Draper Associates and Spark Capital. Roofstock, an operator of an online marketplace designed to buy and sell rental properties, raised $35 million in Series C funding at a $245 million pre-money valuation – Canvas Ventures led the round. Bluecore, a developer of a customer analysis platform for commerce organizations, raised $35 million in Series C funding at a $113 million pre-money valuation – Norwest Venture Partners led the round. TripActions, a developer of an online corporate and business travel management platform, raised $27 million in Series A funding – investors include Lightspeed Venture Partners. Stellar Labs, a provider of a real-time sourcing platform and digital marketplace for the aviation sector, raised $26 million in Series A funding – Columbia Equity Partners led the round. AtScale, a provider of a business intelligence platform, raised $25 million in Series C funding - Atlantic Bridge Capital led the round. Source: PitchBook Data, Inc., NYSE, S&P Global Market Intelligence Note: Bolded names in “Investors” column indicate existing investors participating in new deal 1 Strictly Private and Confidential Private Placement Activity 10/2/2017 – 10/6/2017 (Transactions in excess of $15 million) Company Company Amount Date Investors Series Company Description / Comments Name Location Raised ($M) Information Technology Provider of global mobile operating service intended to provide mobile connectivity. The company's Burda Digital Ventures, Eden Ventures, Minden, London, United global mobile operating service includes patented SIM-technology which enables the creation and Truphone 3-Oct-17 Straub Ventures, Vollin Holdings, Wellington $331 N/A Kingdom distribution of SIM profiles over the air, enabling customers a secure, regulated mobile recording Partners service which is used by the majority of Tier 1 investment banks. Designer and manufacturer of analog power semiconductor products. The company's wide range of power management integrated circuits, motor control integrated circuits, light-emitting diode (LED) Sanken North America 3-Oct-17 Worcester, MA One Equity Partners, Sanken Electric $291 N/A circuits as well as high quality automotive semiconductor devices and discrete components, enable the customers to utilize electricity efficiently and in a cost effective way. One Equity Partners led the deal. Developer of data storage management technology designed to support data intensive enterprises. The company's InfiniBox is a flash-optimized storage platform that can be easily leveraged for Goldman Sachs Private Capital Investing Group, addressing the management and analytical needs of Big Data, enabling access to multiple databases Infinidat 3-Oct-17 Waltham, MA $95 Series C Security Growth Partners, TPG Growth and sources, managing growing volumes of data and managing virtualized data center and cloud storage, enabling enterprises to manage storage efficiently. Goldman Sachs Private Capital Investing Group led the round. $1.5 billion pre-money valuation. Developer of an open source database platform designed to build, ship and run distributed Benchmark Capital, Greylock Partners, applications. The company's open source database platform offers development languages and tools Lightspeed Venture Partners, Lowercase San Francisco, for programmers that handles code building, scaling, deployment and load balancing, enabling Docker 6-Oct-17 Capital, Sequoia Capital, SV Angel, The $62 N/A CA developers and system administrators to develop application and run as a collection of consistent, low- Goldman Sachs Group, Trinity Ventures, Y overhead Docker containers that work across virtually any infrastructure. $1.2 billion pre-money Combinator valuation. Developer of communication APIs designed to connect companies with their customers on billions of devices around the world. The company's communication APIs specialize in developing a global Amsterdam, MessageBird 3-Oct-17 Accel, Atomico, Y Combinator $60 Series A messaging application programming interface for sending bulk SMS, two way SMS, voice and chat Netherlands messages, enabling clients to revolutionize company-customer interactions and making contact easier, more efficient and accessible. Accel led the round. Developer of a cap table management platform designed to consolidate private company ownership Draper Associates, Draper Fisher Expansion onto one common electronic registry and bring a wealth of financial services to all privately held Venture Capital, K9 Ventures, Kima Ventures, companies. The company's platform helps companies, from seed stage to pre-IPO, to manage equity eShares 5-Oct-17 Palo Alto, CA $39 N/A Oakhouse Partners, Spark Capital, SV Angel, electronically with the participation of their shareholders, employees, auditors and legal counsel, Union Square Ventures, XG Ventures enabling companies and the law firms that serve them to issue electronic securities and maintain accurate cap tables. Source: PitchBook Data, Inc., NYSE, S&P Global Market Intelligence Note: Bolded names in “Investors” column indicate existing investors participating in new deal 2 Strictly Private and Confidential Private Placement Activity 10/2/2017 – 10/6/2017 (Transactions in excess of $15 million) Company Company Amount Date Investors Series Company Description / Comments Name Location Raised ($M) Information Technology Provider of a cloud-based financial software intended to empowers insurance brokers. The company's Draper Esprit, Emery Capital, Microsoft London, United cloud-based financial software allows brokers to issue their own financing agreement and maintain PremFina 3-Oct-17 Accelerator, Rakuten Capital, Rubicon Venture $36 N/A Kingdom relationship with their customers, enabling them to maximize control over their customer relationships. Capital, Talis Capital Draper Esprit, Rakuten Capital led the round. Bain Capital Ventures, Canvas Ventures, FJ Operator of an online marketplace designed to buy & sell tenant-occupied rental property. The Labs, Grey Wolf VC, Khosla Ventures, company's online marketplace provides detailed home and tenant information, local vetted property Roofstock 4-Oct-17 Oakland, CA Lightspeed Venture Partners, Nyca Partners, $35 Series C management options, as well as analytics and general