Tech-Internet M&A and Investment Database

Be kept informed of the latest tech deals. Get up-to-the-minute analysis about the day’s most interesting fundings and exits. Internet DealBook is a database that tracks the latest angel, VC, private-equity investment and M&A activities across Internet- and technology-related private companies all around the world.

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Square’s IPO debut

A few shekels have certainly been poured into the ever-growing clan of unicorns. Square, a unicorn that raised nearly $600 million in private money, made its market debut on the New York Stock Exchange last week. Square initially priced its 27 million shares at only $9 each, below its intended range of $11 to $13, and significantly below its $15.56 price in its last round of financing. Fortunately for Square, the stock opened at $11.20 and closed at $13.07, raising a total $243 million but valuing the company at around $2.9 billion, a far cry from its private valuation of $6 billion. According to analysts, Wall Street’s reaction to Square’s IPO was predictable, given the company’s dismal financial performance on the back of its failed partnership with Starbucks which will end in 2016. Square generated roughly 14% of its revenue from Starbucks. It will be very interesting to see how Square decide to deploy their $243 million in new capital.

The rise of ed-tech

As people begin to embrace the digital age and acknowledge the benefits of online learning, the e-learning market has continued to grow. According to Docebo, the worldwide market for self-paced e-learning has reached $35.6 billion in 2011 and is expected to grow to $51.5 billion by 2016. It’s no wonder that many investors have now set their sights on the ed-tech space with the hopes that a few will go the distance and be the next that was acquired for $1.5 billion by LinkedIn earlier this year. This week, the funding continues as startups like HotChalk, Udacity, Authess, Schoology and VersaMe all caught the eye of investors, while Instructure, a Utah-based ed-tech company, went public on the New York Stock Exchange on Friday. On the acquisition front, Fronter and InfoSnap were acquired by itslearning and PowerSchool, respectively. As the ed-tech industry continues to transform our traditional education system, we expect to see this trend to continue in the coming months.’s big ambition

This week, Amazon competitor raised $500 million in a new funding round led by Fidelity Investments at a “pre-money” valuation of around $1 billion. According to sources,’s total sales or gross merchandise volume for September has reached $20 million and the company has exceeded its October target of $30.5 million by 11%. Additionally, customer acquisition grew by 25% while returning customers increased by 62%. So what is doing differently? The company offers the lowest prices on the web and its prices will drop further as shoppers add more products to their carts, pay with debit or agree to ship different items in one box. But here’s the catch: the company is not making any money on any of its transactions and has recently abandoned its annual $50 membership fee. Now the question on everyone’s mind is, without any fee, can make real money? Critics predict that it will. Many suspect that the hyper-aggressive pricing is’s land-grab strategy that will lead to an acquisition.

Green is the new gold

According to The ArcView Group, a research company based in Oakland, California, legal cannabis is the fastest growing industry in the United States, with the market growing from $1.5 billion in 2013 to up to $2.7 billion in 2014. Research also indicated a positive 32% market growth for 2015 and predicted a market value of $11 billion by 2019. Compared with other fast-growing industries like construction, computer systems and transportation, the legal cannabis industry has hit the number one spot. And as the industry develops quickly in the US, many tech startups and investors are sprouting like weeds to cash in on the potential rewards. Some of the major deals this year include: Privateer, a holding company designed to create, incubate, and acquire companies in the cannabis industry raising $75 million from Peter Thiel; MassRoots, an app for or people who consume cannabinoids scoring a total of $1.1 million; and Eaze, a delivery service for weed users receiving $1.5 million from Fresh VC. This week, Leaflink, a wholesale management platform for the cannabis industry has closed a $750 seed round from a group of NY angel investors. With so much growing interest in the cannabis industry, we predict that more tech startups will crop up and investors will continue to pour money in this contentious yet lucrative space.