Welcome to ClearTips Exchange, a weekly startup and market newspaper. It is largely based on the daily column that appears on Extra Crunch, but is free, and is designed for your weekend reading. Want it in your inbox every Saturday? Register here
Happy Saturday to all. I hope you are in good spirits and in good health. I am learning to nap, something that has become a necessity in my life when I realize that the news cycle is never going to slow down. And because me and my partner Adopted the third dog For those who like to get up early, please join me in making Naping Cool for Adults, so that we can all relax for Vaccine Summer. it’s almost here.
On work topics, I have a few things for you today, all related to data points: Q1 2021 M & A data, results from March VC Africa, and some surprising (to me, at least) podcast numbers.
On the first Dan primack Shared some early first-quarter data points through Refinitiv, which I wanted to pass. According to the financial data firm, global M&A activity hit $ 1.3 trillion in Q1 2021, 93% from Q1 2020. US M&A activity reached an all-time high in the first quarter, as well. Why do we care? Because the data helps underscore how hot the last three months have been.
I am hoping that for the quarter, the venture capital will be as influential as the data. But as everyone is paying attention this week, the IPO market is seeing some cracks, as the second quarter begins which could make Q2 2021 a very different beast. Not that the venture capital world will slow down, especially given that Tiger will just reload to the tune of $ 6.7 billion.
On the venture capital topic, African-focused data firm Briter Bridges reports that “in March alone, over $ 280 million was being deployed to tech companies operating across Africa,” a $ 1 billion dollar rebate in part. On “Flutterwave’s Strong $ 170 Million Round.”
The data point matters because it marks the most active march the African continent has seen since at least 2017 in terms of venture capital – and I would never guess. African startups raise more capital in the second half of the year, so the March result is not an all-time record for a month. But it is all the same, and helps feed our common sense that first-quarter venture capital results may be larger.
And finally, Rex Woodbury of Index Ventures Tweeted Some Edison data, namely “80 million Americans (28% of the US 12+ population) are weekly podcast listeners, + 17% year-over-year.” The venture capitalist stated that “62% of America’s 12% of the population (about 176 million people) are weekly online audio listeners.”
As we discussed equities this week, players have been hosting on the non-music, streaming audio market in recent months in view of the clubhouse’s success as a breakout consumer social company. Verifying bets by Discord and Spotify and others are those data points. People like to talk to other humans. Much more than I thought as a music-first person.
How good is it to come back at a time when consumer investment is clean. B2B is great, but not everything can be an enterprise SaaS. (In particular, however, it appears that the clubhouse is Struggling to hold on to its hype.)
See i can’t live with all the damn capital
The ClearTips initial phase was this week, which went well. But having an incident to help meant that I covered fewer rounds this week than I would have liked. So, here are two that I would have typed if I had free time:
- Strym’s $ 50 million series c. Goldman led the transaction. Strime, clear stream, I believe is a software startup that helps other companies move data around their cloud and on-premises setup in real time. Given how active the data market is today, I agree that TAM is deep for Strim? Flow quickly? You can supply a better stream-focused term at your leisure.
- Kudo’s $ 21 million Series A. I covered Kudu last July when it raised $ 6 million. The company provides video-chat and conferencing services for real-time translation. It was a good COVID-era, as you can imagine. Felicis led the A’s after taking part in the seed round. I’ll see if I can extract some new development metrics from the company next week. To see one.
And two more rounds that you might have missed that you shouldn’t do. Holler raised $ 36 million in our Anthony Ha per Series B.[y]ou may not know what conversational media is, but there is a good chance you have used Holler’s technique. For example, if you added a sticker or GIF to your Venmo payment, Holler actually manages the app’s search and suggestion experience around that media. “
I feel old.
And if you’re not paying enough attention to Latin American technology, this $ 150 million Uruguayan round will help set you straight.
Various and varied
Finally this week, some good news. If you have read the exchange for any length, you have been forced to read me prattling about the Basmer Cloud Index, a basket of public software companies that I treat with supernatural respect. Now there is a new index on the market.
Meet Lux Health + Tech Index. According to Lux Capital, it is “an index of 57 publicly traded companies that together represent the rapidly emerging Health + Tech investment theme.” Certainly, it is branded to the extent that, similar to the Bessemer Collection, it is associated with a particular focus of the backing venture capital firm. But what the new Lux index will do with the Bessemer Collection, is to track how a particular venture firm itself is tracking public comps for its portfolio.
This is a useful item. Please do this more.