Remove 2021 Remove Investors Remove Public Trading
article thumbnail

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

TechCrunch: M&A

That led Hopin to raise more than $1 billion in venture funding from big-name investors that included Andreessen Horowitz, General Catalyst, LinkedIn, Coatue, Salesforce, Tiger and many more. Coming off of a huge couple of years of business during the pandemic, in 2021, it was valued at nearly $7.7

Business 233
article thumbnail

Upgrade acquires travel-focused BNPL startup Uplift for a song

TechCrunch: M&A

In a conversation with TechCrunch, Renaud Laplanche, Upgrade’s CEO and a co-founder, said that Uplift initially reached out in May to inquire whether Upgrade would be interested in participating in Uplift’s Series D financing as a strategic investor. Changing consumer spending habits likely played a role in scaring investors away.

Finance 245
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lower 2021 thresholds announced for merger reviews under Competition Act and Investment Canada Act

Deal Law Wire

The threshold for certain pre-closing net benefit reviews under the Investment Canada Act (ICA) and the threshold for a pre-closing merger notification under the Competition Act have now both been released for 2021. It is adjusted annually, and for 2021 the threshold is C$415 million, down from C$428 million in 2020.

article thumbnail

SaaS M&A Snapshot: Target Market & Buyers

Software Equity Group

The SEG Index, a collection of 116 public SaaS companies, fell by 48.2%. After the unprecedented market highs of 2020 into 2021, it’s natural for founders in this environment to wonder if they’ve missed the boat. Median EV/TTM Revenue Multiple Down from 2021’s high of 7.3x, 2022’s median EV/Revenue multiple of 5.6x

M&A 52
article thumbnail

Activists Seek REIT Renovations

The Deal

The calamity is par for the course in a REIT industry that’s exploded with disgruntled investors in recent years. REITs in particular have gained a disproportionate level of attention, especially as the overall real estate market gains a more watchful eye from investors amid interest rate hikes and market volatility.

Retail 52
article thumbnail

Public SaaS Company Valuations and What They Mean for Private Companies

Software Equity Group

Public SaaS companies enjoyed an unprecedented run from 2009 through 2021, but last year brought a wave of macroeconomic uncertainty, including rising interest rates, record inflation, supply chain problems, and geopolitical unrest. from 2021 by the end of the year. What is the SEG Index?

article thumbnail

SEC Evaluation of Swap Disclosures Misguided

The Deal

As the Securities and Exchange Commission reopens the comment period on proposed rules to increase transparency in the derivatives market, industry experts are questioning data put forward by the agency on the draft regulation’s impact on activist investors. Most activists can’t or won’t take that large a position,” he said. “You

Funds 52