See how far these 19 once-hot startup IPOs have fallen

Why Tiger Global is trying to sell its startup stakes May 16, 2023 Hi, {NAME}. It’s one thing to bemoan the crummy IPO market, but another to see the declines in context. We break down how far 19 startup IPOs have tumbled from their share price peak in 2021. Plus, Tiger Global is reportedly looking to make some cash. 📉 [Biggest startup IPOs down 2.5x post-peak vs. the Nasdaq]( If you picked this basket of hot, venture-backed startups founded in the past 15 years and invested $100 in them at the peak of the boom in late 2021, you’d have just $32 now. We take a closer look at what’s happened with companies like [Rivian]( and [Coinbase]( since the market top to now. 🐅 [Tiger Global looking to sell off startup stakes]( Just a couple of years ago, [Tiger Global]( was one of the most aggressive investors in startups. Now it seems to be changing its stripes: The New York-based firm has reportedly hired an adviser to help it sell off stakes in startups. 💰[How startups can use incentive compensation]( With the global economy slowing during this exceptional period of uncertainty, it’s essential that early- to mid-stage startups dependent on outside investors use incentive compensation to drive revenue growth, writes guest author and [Performio]( CEO [Grayson Morris](. Here’s how. 🚗 [Ethernovia raises $64M to boost EV vehicle manufacturing]( [Ethernovia]( an ethernet chip company from California, raised $64 million in Series A funding. [Porsche Automobile Holding SE]( [VentureTech Alliance]( [Qualcomm Ventures]( and [Western Digital Capital]( were among the participating investors. 💻 [Procurement startup Zip lands $100M]( While many companies are seeing stagnant or falling valuations, [Zip]( new valuation represents a slight bump given its recent influx of investment. 🌱 [What’s happening with Seed and Series A funding, in 4 charts]( When venture funding started to turn south after a blockbuster year in 2021, seed and early-stage funding was at first relatively unscathed. Investment into seed startups globally actually grew in Q2 2022, even as venture investment overall dropped off dramatically. That’s no longer the case. 🏆 [Top 10: Slow times for big rounds]( Well. The news ain’t great. This time last year, 15 U.S.-based startups raised nine-figure rounds. Last week there was one. A year ago, it took $109 million to grab the 10th spot on this list — last week it took only $12 million. But winners are winners so we take a look at who scored the biggest rounds last week. 🆘 [Tips for startups fundraising in an economic downturn]( In an economic downturn, startups face intense competition for limited funding, making it challenging to secure the necessary capital to sustain their operations. Here are some key trends in financing that startups should be aware of to stay competitive. [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [IBS Software Services]( [$450M]( / [Private Equity Round]( IBS Software provides SaaS solutions to the global travel, transportation, and logistics industries. Categories: Information Services • Information Technology • SaaS • Software Founders: [Valayil Mathews]( Investors: [Apax Partners]( (Lead) [Cellink]( [$362M]( / [Debt Financing]( CelLink develops a flexible conductive backplane for solar, LED, and battery industries. Categories: Electronics • Energy • Hardware • Solar Founders: [Kevin Coakley]( [Malcolm Brown]( Investors: [US Department of Energy]( (Lead) [Prime Roots]( [$30M]( / [Series B]( Prime Roots makes mycelium based meats products focusing on deli and charcuterie products. Categories: Food and Beverage • Food Processing • Restaurants Founders: [Joshua Nixon]( [Kimberlie Le]( Investors: [Alumni Ventures]( [Diamond Edge Ventures]( [Gaingels]( [+ 10 more]( More Fundings Company Amount / Round Lead Investor [Worldia]( 25M EUR / [Series B]( [Banque des Territoires]( [Sealonix]( $20M / [Series A]( [Excelestar Ventures]( [Upexi]( $7.0M / [Post-IPO Equity]( - [Incore Semiconductors]( 246M INR / [Seed Round]( [Sequoia Capital India]( [Sticky]( 1.5M GBP / [Seed Round]( [Praetura Ventures]( [Frenter]( $1.0M / [Seed Round]( [1517 Fund]( [HackerNoon]( $250K / [Seed Round]( [Arweave]( [All Recent Funding Activity]( Recent Acquisitions [Magellan Midstream Partners L P]( Pending acquisition by [ONEOK]( for $19B More Acquisitions Company Acquired By Amount [Angelo Gordon]( [TPG]( $2.7B [All Recent Acquisition Activity]( #{Rails.configuration.daily.cb_url} Discover innovative companies and the people behind them. [Follow Us on Crunchbase]( [View Jobs on LinkedIn]( [Follow Us on Twitter]( [Like Us on Facebook]( 564 Market St, San Francisco, CA 94104 © 2023 Crunchbase Inc. All rights reserved. [Privacy Policy]( | [Terms of Service]( [Unsubscribe]( from Crunchbase Daily.