PRIVATE EQUITY OF TECHNOLOGY COMPANIES

AirBnB

The operator of an online property rental marketplace platform designed to offer short-term travel stays. The company's platform helps users to list, discover and book short term accommodations around the world, enabling users to book unique travel experiences in various cities and countries.

Over 6 million Airbnb listings worldwide

The company currently holds over 3 billion in cash reserves on the balance sheet

The average number of people staying on Airbnb per night is 2 million.

The company is planning to go public in 2020. Previously, Undisclosed investors sold a stake in the company to G Squared, Quantum Global Partners, Reform Ventures, Proioxis Ventures and Manhattan Venture Partners in 2018.

Universes: M&A, Debt-Financed, Venture Capital

SpaceX

Designer and manufacturer of aerospace and space transport services intended to reduce space transportation costs and enable the colonisation of Mars. The company produces space transport vehicles for cargo resupply missions, enabling space industry with reusable launch vehicles capable of carrying humans to Mars and other destinations in the solar system.

First privately funded liquid-propellant rocket to reach orbit (Falcon 1 in 2008)

First private company to successfully launch, orbit, and recover a spacecraft

First private company to send a spacecraft to the International Space Station (Dragon in 2012)

First propulsive landing for an orbital rocket (Falcon 9 in 2015)

First reuse of an orbital rocket (Falcon 9 in 2017)

First private company to launch an object into orbit around the sun (Tesla Roadster in 2018)

Using the Starship, Musk plans to land at least two uncrewed cargo ships to Mars in 2022

Planet Labs

Developer of a platform designed to monitor planets and offer satellite imagery. The company's platform provides geospatial insights at the speed of change, equipping organizations with the data necessary to make informed, timely decisions and also monitor areas of interest, validate information on the ground, and discover trends relevant to the industry, enabling clients to image the entire earth every day and make global change visible, accessible, and actionable.

The company designs and manufactures Triple-CubeSat miniature satellites called Doves that are then delivered into orbit as secondary payloads on other rocket launch missions.

In July 2015, Planet Labs acquired BlackBridge and its RapidEye constellation.

On April 18, 2017, Google completed the sale of Terra Bella and its SkySat satellite constellation to Planet Labs. As part of the sale, Google acquired an equity stake in Planet and entered into a multi-year agreement to purchase SkySat imaging data.

By September 2018 the company had launched nearly 300 satellites, 150 of which are active.

Ripple

Developer of blockchain technology and digital assets enabling financial institutions to send money across borders, instantly, reliably and for fractions of a penny. The company's services include offering an open-source payment system using a math-based virtual currency called XRP that helps in free payments to merchants, consumers, and developers, enabling customers to pay in any currency with no chargebacks and instant global payments options.

February 2015 - Fast Company. The World's Top 10 Most Innovative Companies Of 2015 In Money.

February 2015 - American Banker. 20 Fintech Companies to Watch.

August 2015 - Ripple Labs Awarded as Technology Pioneer by World Economic Forum.

December 2015 - Forbes. Fintech 50.

December 2015 - H2 Ventures, KPMG. Fintech 100.

March 2016 - PYMNTS Innovation Project 2016. Best B2B Innovation Award.

June 2016 - Fortune. 5 Hottest Companies in Fintech.

SoFi

Provider of an innovative student lending platform intended to start refinancing student loans. The company's platform includes online banking, personal, mortgage and wealth management, enabling students to receive a lower interest rate based on their career experience, monthly income, financial history and education.

In November 2013, SoFi announced a deal with Barclays and Morgan Stanley to create a bond backed by peer-to-peer student loans, and this would create the first securitization of these loans to receive a credit rating.

In September 2015, Former SEC Chairman Arthur Levitt was added as an advisor.

In May 2016, SoFi became the first startup online lender to receive a triple-A rating from Moody's

As of October 2016, SoFi has funded more than $12 billion in total loan volume and has 175,000 members.

Robinhood

Developer of an investment platform intended to help teach people to invest in the stock market. The company's platform offers commission-free trading in stocks, ETFs, options and cryptocurrencies, as well as margins, enabling users to invest in the stock market right from their phone or computer.

80% of the firm's customers belonged to the "millennial" demographic (people born in the 1980s through mid-1990s) and the average customer age was 26.

Fifty percent of users who have made a trade use the app daily and 90% use the app weekly.

By February 2018, Robinhood had 3 million user accounts, around the same number as the online broker E-Trade.

Robinhood is a FINRA-approved broker-dealer, registered with the U.S. Securities and Exchange Commission, and is a member of the Securities Investor Protection Corporation.

On January 25, 2018, Robinhood announced a waitlist for commission-free cryptocurrency trading.

Stripe

The developer of an online payment platform designed to integrate electronic payments and enable secure transactions. The company's platform offers application program interfaces (APIs) and streamlines coding that focuses on fraud prevention and helps to create the best possible product, enabling internet businesses to accept payments from anyone and anywhere.

On February 24, 2016, the company launched the Atlas platform that allows startups to incorporate more easily in the U.S.

In July 2018, Stripe began a platform for companies to issue Mastercard and Visa credit cards, available in private beta.

On September 17, 2018, Stripe announced a new point of sale solution called Terminal, initially launched as an invite-only beta. The service offers physical credit card readers designed to work with Stripe.

The company raised $250 million of Series G venture funding in a deal led by Andreessen Horowitz, General Catalyst, Novator Partners and Sequoia Capital on September 19, 2019, putting the company's pre-money valuation at $35 billion. The funds will be used to accelerate the company's growth in international expansion, growing the company's product suite and extending enterprise capabilities.

Bytedance

Bytedance is a content platform in China and worldwide. Started out as a news recommendation engine and gradually evolved into a platform delivering content in a variety of formats, such as texts, images, question-and-answer posts, microblogs, and videos. Toutiao offers its users personalized information feeds that are powered by machine learning algorithms. A content feed is updated based on what the machine learns about a user's reading preferences.

ByteDance had over 800 million daily active users (over 1 billion accumulated users) across all of its content platforms as of November 2018.

Considered one of the most valuable unicorns in the world.

The company has strategic partnerships with Communist Party of China-supported ventures in Beijing and Shanghai.

ByteDance has garnered public attention over allegations that it works closely with the Communist Party of China to censor and surveil content.

Palantir Technologies

Developer of data fusion platform designed to integrate, visualize, secure and analyze information. The companies data fusion platform is designed to help human experts perform collaborative analysis of data at scale through machine-assisted analysis enable public institutions, private enterprises and the non-profit sector to address the challenges of making sense of complex and diverse data.

Palantir’s technology was used to track Osama Bin Laden in 2012 by the US government.

Awarded 800 million dollar US Army contract in March 2019. Many others have been awarded.

Three types of software/projects:

- Palantir Gotham is used by counter-terrorism analysts at offices in the United States Intelligence Community (USIC) and United States Department of Defense, fraud investigators at the Recovery;

- Accountability and Transparency Board, and cyber analysts at Information Warfare Monitor.

- Palantir Foundry - Used for corporate clients (Airbus, Chrysler, Merck, United Airlines, others)

Face++

Developer of a facial recognition technology aimed at providing compact, powerful and cross-platform virtual detection solutions. The company's technology uses computer vision and data mining to provide detection, recognition and analysis of faces, enabling users to easily add leading, deep learning-based image analysis recognition technologies into the application.

Face++ is the largest provider of third-party authentication software in the world, and its product, Face++, is the world’s largest open-source computer vision platform with 339 corporate clients in 112 cities in China.

The Chinese government employs Megvii (Face++) software.

The company filed to go public on the Hong Kong Stock Exchange under an undisclosed ticker symbol on August 26, 2019. The expected offering amount was $500 million. Previously, the company raised $750 million of Series D venture funding from Alibaba Group, Boyu Capital Advisory Company and Bank of China Group Investment on May 8, 2019, putting the company's pre-money valuation at $3.5 billion. GGV Capital, Macquarie Group, ICBC Financial Asset Investment and Abu Dhabi Investment Authority also participated in the round.

Inserviss Marketplace

The company focus on applying artificial intelligence, blockchain technology to mobile services applications. Services Marketplace with easy access to everyday services from different sectors: Healthcare, Education, Beauty, Legal, Official, etc.

Team Members:

Serial entrepreneurs & leading engineers from silicon valley with experience turnaround at least several mid-sized public software companies as well as leading business transformation & technology convergence in the context of M&A transactions.

Market Overview: Americans spend on services $12 Tr annually

Problem: Despite 4 generation evolution of marketplaces still 91% of services market members still needs convenient way for interactions with consumers.

Solution: Mobile Marketplace with everyday services in one application.

Key Features: Personal everyday services near your location. Find, Book, Schedule appointment and pay for service instantly in easy way using mobile wallets.

Didi Chuxing

Transportation company headquartered in Beijing. The company provides app-based transportation services, including taxi hailing, private car-hailing, social ride-sharing and bike-sharing; on-demand delivery services; and automobile services, including sales, leasing, financing, maintenance, fleet operation, electric vehicle charging and co-development of vehicles with automakers. In 2018, DiDi's platform had more than 550 million users and tens of millions of drivers.

DiDi serves 550 million users across over 400 cities with products including Taxi, Express, Premier, Luxe, Bus, Designated Driving, Enterprise Solutions, Bike Sharing, E-bike Sharing, Car Rental and sharing, and food delivery.

A total of 7.43 billion rides were completed on DiDi's platform in 2017.

August 2016: acquired Uber China and obtained an equity interest in Uber.

January 2017: made a strategic investment in 99, Brazil's largest local shared mobility provider. In its official announcement, DiDi noted its intention to provide strategic guidance and support to 99 in the areas of technology, product development, operations and business planning.

Grab

Developer of an on-demand ride-hailing platform created to offer booking services for taxis, private cars and motorbikes across Southeast Asia. The company's platform provides mobile payment solutions and a location- based application that matches passengers to the closest available driver, enabling users to have access to a variety of convenient and comfortable personal transportation services.

In the Philippines, GrabCar was fully legalised after being accredited as a Transportation Network Company (TNC) by the Land Transportation Franchising and Regulatory Board (LTFRB) in 2015.

In May 2014, GrabTaxi said it had 1.2 million downloads.

At around June 2013, it claimed to be doing one booking every eight seconds, or 10,000 a day, representing sixteen-fold growth within a year.

In 2015, GrabTaxi opened a US$100 million research and development facility in the central business district of Singapore.

n November 2017, Grab reached one billion rides with 66 concurrent rides in one second across seven countries, occupying 97% market share in the third-party taxi hailing market and 72% in the private vehicle hailing market. The company also claimed to have two million driving partners, 68 million mobile app downloads, and 3.5 million daily rides.

Bird Rides

Developer of a vehicle sharing platform designed to provide affordable transportation solutions to communities across the world. The company's platform coordinates with cities to provide citizens with access to shared personal electric vehicles that can be picked up and dropped off anywhere, enabling users to receive sustainable and environment-friendly local transport.

In September 2018, Bird's electric scooters reached 10 million rides

In October 2018, Bird announced its Bird Zero vehicle. The Bird Zero was designed for ride-sharing with "more battery life for longer range, better lighting for increased visibility, and enhanced durability for a longer life-span

In November 2018, Bird released the Bird Platform, a program based on the company's mobile app and Bird Zero vehicles that allowed independent operators to use Bird's infrastructure to run their own fleet of shared, branded electric scooters.

In November 2019, Bird launched the "Helmet Selfie” safety feature to incentivize riders into wearing helmets when using Bird vehicles. Users can submit a self-portrait photo of themselves wearing a helmet through the app, and receive future ride credits.

In January 2020, Bird acquired rival Berlin based scooter company, Circ.

Virgin Hyperloop One

Developer of a new mode of transportation technology designed to deliver fast, direct, autonomous and sustainable transportation at scale. The company's first-generation vehicle of the Hyperloop One system makes trains go as fast as 760 miles per hour and utilizes a vacuum tube designed for transportation of people and cargo, enabling demand and direct movement of freight and people from origin to destination.

n June 2016 the company announced a memorandum of understanding with the Summa Group and the Russian Government to construct a Hyperloop in Moscow and has since completed two feasibility studies – one in Moscow and one in the Far East.

In August 2016, Hyperloop One announced a deal with the world's third-largest ports operator, DP World, to develop a cargo offloader system at DP World's flagship port of Jebel Ali in Dubai.

On November 8, 2016, Hyperloop One announced it had signed a deal with Dubai's Roads and Transport Authority (RTA) to conduct a number of feasibility studies on potential passenger and cargo Hyperloop routes in the United Arab Emirates.

By April 2017, Hyperloop One had feasibility studies underway in the United Arab Emirates, Finland and Sweden, the Netherlands, Switzerland, Moscow, and the UK.

DJI Technology

Chinese technology company headquartered in Shenzhen, Guangdong with factories throughout the world. DJI is a world-leading manufacturer of commercial unmanned aerial vehicles (commonly known as "drones") for aerial photography and videography. It also designs and manufactures camera gimbals, action cameras, camera stabilizers, flight platforms and propulsion systems and flight control systems.DJI is the dominant market leader in the civilian drone industry, accounting for over 70 percent of the world's drone market.

DJI Drone technology has been used globally for the music, television and film industries, including K-pop music videos and the sets of Emmy Award-nominated television productions such as The Amazing Race, American Ninja Warrior, Better Call Saul and Game of Thrones.

In 2016, ISIS used DJI drones as exploding devices in Iraq. DJI later created a broad no-fly zone over nearly all of Iraq and Syria.

In 2017, DJI won a Technology & Engineering Emmy Award for its camera drone technology, which was recognized for excellence in engineering creativity, providing directors and cinematographers an affordable and accessible platform to create low-altitude aerial images.

Impossible Foods

Producer of plant-based meat intended to combine natural ingredients into food products. The company combines ingredients like fats, amino acids and vitamins to create raw meat from plants that delivers the texture and taste of conventional beef, thereby providing consumers with an alternative for meat and dairy products. Impossible Burger, was launched in July 2016, after years of research and development.

In October 2016, the Impossible Burger became a standing menu item in selected additional restaurants in California, such as Jardinière and Cockscomb in San Francisco, and Crossroads Kitchen in Los Angeles.

In March 2017, Impossible Foods announced it would build its first large-scale plant in Oakland, California to produce 1 million pounds of plant-based burger meat per month.

By July 2018, two years after its debut in New York, the Impossible Burger was available at about 3,000 locations in the United States and Hong Kong.

By the end of 2018, 5,000 restaurants across all 50 states included the burger on their menus.

Coursera

Developer of an online education and learning platform designed to offer courses to empower learners around the world. The company's platform offers online courses that include recorded video lectures, auto-graded and peer-reviewed assignments as well as, community discussion forums, enabling learners to choose from a variety of courses in areas like business, computer science, data science and public health to achieve their career, educational and personal enrichment goals.

As of 2017 Coursera offers full master's degrees.

In January 2017, the company launched Coursera for Governments & Nonprofits. Coursera has announced partnerships with the Institute for Veterans & Military Families (IVMF) in the United States and entities in Egypt, Mongolia, Singapore, Malaysia, Pakistan, and Kazakhstan.[24] In June 2017, Jeff Maggioncalda became the CEO of Coursera.[25][26][27]

In March 2018, Coursera launched six fully online degree courses including the bachelor's and master's qualifications.

As of December 2019, the total number of partners is more than 200 across 29 countries.

23andMe

Operator of a consumer genetics and research platform designed to help people access, understand and benefit from the human genome. The company's consumer genetics and research platform provide web-based interactive tools for individuals to learn and explore their own genetic information through DNA analysis technologies, enabling patients to gain deeper insights into personal ancestry, genealogy and inherited traits.

As of February 2018, 23andMe has genotyped over 3,000,000 individuals.

Draft Kings

Provider of a skill-based daily fantasy sports platform designed to bring fans closer to the games they love. The company's platform offers daily and weekly fantasy contests in football, baseball, basketball, hockey, golf, soccer and auto racing for real cash prizes, enabling users to participate in the gaming contests and win cash.

Major League Baseball (MLB) has an investment stake in the company and is a partner. The company had an exclusive $250M advertising contract with the American sports network ESPN, and a $250M non-exclusive advertising deal with 21st Century Fox's Fox Sports unit.

In addition to MLB, ESPN and Fox, as of July 2015, DraftKings also had partnership agreements with the National Football League, media property Bleacher Report, two-sport promotional bodies (NASCAR and UFC), two venues (Madison Square Garden and Staples Center), five NFL teams, eight NBA teams, twenty-five MLB teams, seven NHL teams, and the New York Liberty of the WNBA.

In November 2017, DraftKings announced that it had acquired digital rights to EuroLeague basketball games in Canada and the United States. The company planned to, beginning in 2018, stream games to those who participate in associated DFS contests with an entry fee of $3 or more and offer one free streaming game per-week.

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