Where are 2021’s hottest IPOs now?

Plus, window is closing for LPs to do history-making deals October 18, 2023 Hi, {NAME}. At the height of the IPO market peak of 2021, valuations reached nosebleed altitudes. Per [Crunchbase]( data, the initial valuations of all companies that went public in 2021 on the two largest U.S. exchanges collectively exceeded a trillion dollars. But since then, the 20 largest IPOs of 2021 have collectively lost well over half their value, our analysis shows. [We look at how those companies have fared and what it means for the many startups eyeing public-market exits in 2024](. 📉 [Where are they now? 2021’s hot IPOs have lost 60% of their value]( In normal times, going public at a valuation of over $10 billion is both a rare occurrence and a very big deal. In 2021, however, such [enormous IPOs became rather common]( even for money-losing startups, with at least 20 companies making their debuts above $10 billion. The list included some of the buzziest names in tech and the app economy: [Didi]( [Rivian]( [Grab]( and [Coinbase](. But where are those once-hot IPOs now? Related Crunchbase Pro list: [Biggest 2021 IPOs]( 🪟 [Window is closing for LPs to earn their place in history]( Sure, it’s easy to invest when the market is booming and IPOs are flowing out like champagne in a nightclub. But it’s the investors with the courage to make audacious bets in the current moment who stand to make history, writes investor and guest author [Marc Schröder](. 💰 [Familiar name tops list of busiest U.S. investors last month]( [Andreessen Horowitz]( is back … kind of. In September, the Silicon Valley venture firm posted its biggest investment month since March, taking part in 14 funding deals for U.S. based startups. Still, things aren’t as busy as they used to be. 🤔 [Generalist or specialist? How to pick a VC for your startup]( Your startup is gaining momentum and you’re ready to raise capital to scale. Great, but from whom? Not all capital is created equal and choosing the right investment partner could be critical to your next phase of growth, writes [Amit Chaturvedy]( managing partner and global head of [SE Ventures](. He offers some questions you can ask yourself before meeting with investors. [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 [Rite Aid]( [$3.5B]( / [Debt Financing]( Rite Aid is a full-service pharmacy company that offers prescription medications, over-the-counter drugs, and health and wellness products. Categories: Medical • Pharmaceutical • Retail Founders: [Alex Grass]( [Tribal]( [$150M]( / [Debt Financing]( Tribal is a fintech company that facilitates financial management for emerging-market SMEs. Categories: Credit Cards • Finance • Financial Services • FinTech Founders: [Amr Shady]( [Duane Good]( [Hariraj Jayakumar]( [Mark Graves]( [Mohamed Elkasstawi]( [Prasant Sudhakaran]( Investors: [Partners for Growth]( (Lead) [Bond Vet]( [$50M]( / [Private Equity Round]( Bond Vet operates a network of vet clinics that offer a range of veterinary services, from routine check-ups to urgent care. Categories: Health Care • Pet • Veterinary Founders: [Lukas Keindl]( [Mo Punjani]( [Zay Satchu]( Investors: [Talisman Capital Partners]( (Lead), [Warburg Pincus]( (Lead), [Lukas Keindl]( [+ 2 more]( More Fundings Company Amount / Round Lead Investor [iwoca]( 200M GBP / [Funding Round]( [Barclays]( [Nirvana Insurance]( $57M / [Series B]( [Lightspeed Venture Partners]( [Prove]( $40M / [Venture Round]( [Capital One Ventures]( [Agnikul]( 2.0B INR / [Series B]( - [All Recent Funding Activity]( Recent Acquisitions [Viewgol]( Pending acquisition by [Computer Programs and Systems]( for $36M More Acquisitions Company Acquired By Amount [VBL Therapeutics]( [Notable Labs]( Unknown [All Recent Acquisition Activity]( Upcoming Tech Events [OWASP Global AppSec Washington, DC 2023]( October 30 - November 3, 2023 in Washington OWASP Global AppSec Washington, DC 2023 provides an ideal platform for private and public sector infosec professionals. Accelerator Deadlines Date Accelerator Location Oct 30, 2023 [Aurelia Ventures]( San Francisco Oct 30, 2023 [xTechSearch]( Arlington [More Upcoming Deadlines]( Don’t see your event? Reach out to us at events@crunchbase.com. #{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.