Categories EC News Analysis

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Duolingo’s IPO could cast golden halo on edtech startups

Edtech giant Duolingo set an initial price range for its impending IPO today. The unicorn expects to price in its public debut at $85 to $95 per share, selling 3,700,000 in the deal. Another 1,406,113 shares are being sold by existing shareholders, and 765,916 shares are being offered to underwriting […]

The Zoom-Five9 deal is a big bet for the video conferencing company

Zoom, a well-known video conferencing company, will buy Five9, a company that sells software allowing users to reach customers across platforms and record notes on their interactions. As TechCrunch noted this morning, the deal is merely “Zoom’s latest attempt to expand its offerings,” having “added several office collaboration products, a […]

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ServiceMax promises accelerating growth as key to $1.4B SPAC deal

ServiceMax, a company that builds software for the field-service industry, announced yesterday that it will go public via a special purpose acquisition company, or SPAC, in a deal valued at $1.4 billion. The transaction comes after ServiceMax was sold to GE for $915 million in 2016, before being spun out […]

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GM’s newest startup aims squarely at the commercial EV market

Ford and GM’s century-old battle for market share is no longer restricted to gas- and diesel-powered passenger car, truck and SUV sales. The hottest market in the next decade is commercial and electric. In this new race, the two companies are taking different strategies as they square off against each […]

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Why is Didi worth so much less than Uber?

Years ago, U.S. ride-hailing giant Uber and its Chinese rival Didi were locked in an expensive rivalry in the Asian nation. After a financially bruising competition, Uber sold its China-based business to Didi, focusing instead on other markets. The two companies are coming head-to-head again, however, as Didi looks to […]

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What does Red Hat’s sale to IBM tell us about Couchbase’s valuation?

The IPO rush of 2021 continued this week with a fresh filing from NoSQL provider Couchbase. The company raised hundreds of millions while private, making its impending debut an important moment for a number of private investors, including venture capitalists. According to PitchBook data, Couchbase was last valued at a […]

Twitter’s acquisition strategy: Eat the public conversation

Evan J. Zimmerman Contributor Share on Twitter Evan J. Zimmerman is the founder and CEO of Drift, a genomics software company, and chairman of Jovono, a venture capital firm. More posts by this contributor CFIUS Cometh: What this obscure agency does and why it matters to your fund or startup […]

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Investors help Procore build a decacorn valuation in public debut

Watching construction tech software company Procore go public today after pricing above its range makes the IPO slowdown look like the deceleration that wasn’t. Investors quickly bid up the company’s value in trading, giving Procore a higher valuation than it might have anticipated, along with a boost of confidence for […]

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Mapping out one edtech company’s $200M bet on lifelong learning

Mumbai-based Emeritus, an edtech company that works with universities to create online upskilling courses for employed folks, just spent a big chunk of cash to break into K-12. Emeritus, which is part of the Eruditis group, announced today that it plans to acquire iD Tech, a STEM education service for […]

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New Relic’s business remodel will leave new CEO with work to do

For Bill Staples, the freshly appointed CEO at New Relic, who takes over on July 1, yesterday was a good day. After more than 20 years in the industry, he was given his own company to run. It’s quite an accomplishment, but now the hard work begins. On the positive […]