Jason Millingen’s Post

AlphaSense is a company to watch! Great to see us included on this list by Crunchbase News on what companies they predict will be next to IPO. Check out the full list ⤵️ #ipo #ai #marketintelligence

AlphaSense has got big plans! 🚀 Thrilled to be recognized by Crunchbase News as one of the top companies predicted to go public. This recognition highlights the incredible growth and innovation happening at AlphaSense, and I couldn't be more excited about the journey ahead. As we continue to innovate and push the boundaries of what's possible, we remain focused on our mission to empower decision-makers with the insights they need to stay ahead in a rapidly evolving market. This is just the beginning, and the future holds even greater opportunities. Check out the full list of companies predicted to IPO by Crunchbase News: ⤵️

2024 IPO predictions from Crunchbase News for venture-backed start-ups. https://lnkd.in/e3_3utPk #venturecapital #startupbusiness #ipo #technologynews #crunchbase

2024 IPO predictions from Crunchbase News for venture-backed start-ups. https://lnkd.in/e9HWTRra #venturecapital #startupbusiness #ipo #technologynews #crunchbase

This week's newsletter from William K. Smith Renaissance Capital LLC sums up the state of the market right now: "This week Axios’ Dan Primack declared that “the IPO shortage is about feels, not facts.” Tech valuation multiples are fairly similar to 2015-2019. So when reporters, bankers, and buy-side analysts look at valuations and recent positive returns, they conclude the same thing: There’s healthy demand for new issues. Meanwhile startups are deciding that “market conditions” just aren’t right, since they can’t get the same valuations as 2020-2021. It doesn’t hurt that many still have a mountain of cash from that last funding round. The result: The 2024 IPO market shows a strong pickup from last year – on pace for double the proceeds – that still falls short of the 10-year average." #CapitalMarkets

SaaS companies are one of the verticals that is under real pressure to show returns for their PE investors (given the valuations of SaaS companies and also the volume of investment). Check out this PitchBook report by Vincent Harrison which explains what an opening IPO window can mean for these companies. This is a US perspective but it shadows a similar trend we have here. It also shows how important SaaS companies have been for the exit value. #saas #scaleups #venturecapital #riskkapitalsaas #valuations Magnus Burvall Erik Engstrom Lars Eriksson Sebastian Toro Adrian Iredahl Mats Håkansson Lars Ekström Anders Hultdin Jenny Hultdin Forslund Douglas von Euler-Chelpin

This is an interesting report highlighting the historic importance of SaaS companies for VCs and also the pressure this vertical is under to deliver on the valuations paid. Will there be an opening in the IPO window which will potentially reduce this pressure? #saas #valuations #venturecapital #riskkapital

The great internet bubble led to the creation of over 600 newly minted public tech companies over a 6 year period, including over 300 in just 1999 and 2000. How does that compare to today? Dive into our analysis in the April edition of #FromTheFrontLines, where we analyzed tech IPOs on Nasdaq & NYSE over the last 30 years. Stay ahead of growth tech trends and insights by subscribing to #FromTheFrontLines. #Bowen #FTFL #Trendlines #growthtech #mergersandacquisitions #investmentbank #techIPOs #IPO https://lnkd.in/eDRKthBW

Hope everyone had a good weekend! In this week’s transaction / technology news update, we’ll cover some of the key transactions that occurred this past week across North America. In Canada, deal activity featured Perceptive Space raising ~C$4mm in seed funding on August 6. Perceptive Space develops an AI-powered space weather platform to predict harsh space environment. The funding round was led by Panache Ventures, and will be used to hire more technical staff, as well as launch the initial product by Q2 2025. In addition, Drivewyze was acquired by Bestpass, via its financial sponsor Insight Partners through an LBO on August 7. Drivewyze has a smart mobility platform intended to deliver highway safety and transportation management. The strategic acquisition creates a one-stop solution for both toll management and weigh bypass providers. Deal activity in the US begins with Abnormal Security raising US$250mm in Series D funding on August 6. Abnormal Security is an operator of a cloud email security platform. The funding round was led by Wellington Management, putting the pre-money valuation of the firm at US$4.9bn as the company works towards their plans to go public in late 2025. Additionally, SoundHound AI acquired Amelia for US$80mm on August 8. Amelia develops an automation and conversational enterprise platform. The acquisition will bolster SoundHound’s conversational capabilities and marks their third buy side acquisition of 2024. The chart below showcases North American M&A activity by quarter as well as median TEV / Revenue multiples for each respective quarter. Q3 2024 continues to show strong deal volume. Have a great week!   #mergersandacquisitions #venturecapital #investmentbanking #privateequity #technology #technews #canadiantechnews

#SXSW24 starts in 2.5 weeks! I couldn't be more excited that Clearwater Benefits is hosting a Panel Discussion with CFOs, #Founders, and #VC Investors, "Financing Growth in a Tough Environment" for founders, business owners and executives of growing companies. Join us for a lively and insightful panel discussion on financing growth in today's challenging business landscape. This in-person event will take place at Capital Factory in Austin, TX, USA. Our esteemed panel includes Don Collis, the legendary CFO who led Dell Technologies to its IPO. Teja Yenamandra, founder and CEO of Gun.io will also share the stage. Hear from founders of thriving tech startups, and venture capital investors who will share their expertise and strategies for navigating growth through challenging financial terrain. Learn from the best in the industry as they discuss funding options, managing cash flow, and overcoming financial hurdles. Don't miss this opportunity to gain valuable insights and network with like-minded professionals. This event will fill up and $0 cost seats are limited, so reserve your spot today! https://lnkd.in/gvQdiMU7