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The King Tut Profile picture
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16 Feb, 7 tweets, 2 min read
Why am I posting about startups/companies doing fundraising rounds?

It's sometimes an indicator that next step might be going public/SPAC.

Private fundraising pre-IPO is done to increase company valuation prior to going public.

Quick Thread ⬇️🧵
August 2020: Chargepoint raises $127m
September 2020: $SBE

forbes.com/sites/alanohns…
Jan 2021: Volta raises $125m
Feb 2021: $SNPR

techcrunch.com/2021/01/19/ad-…
Oct 2020: Proterra raises $200m
Jan 2021: $ACTC

reuters.com/article/us-pro…
July 8, 2020: Fisker raises $50m
One week later: $SPAQ

techcrunch.com/2020/07/08/fis…
Oct 2020: PureCycle raises $250m
Nov 2020: $ROCH

businesswire.com/news/home/2020…
Oct 2020: Hyzon Motors fundraiser
Feb 2020: $DCRB

hyzonmotors.com/french-broad-e…

• • •

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More from @kingtutspacs

The King Tut Profile picture
17 Feb
Fun find!

@traveloka announced SPAC plans yesterday.

Traveloka COO & CEO will be speaking tomorrow at Skift Travel Conference.

Who else is speaking? Greg O'Hara, CEO of $GOAC

The title of his session? Acquisitions and Investments: Predictions for 2021

live.skift.com/online-travel-…
Ok maybe this catches your attention $GOAC
Locked and loaded. Now we wait. $GOAC
Read 4 tweets
The King Tut Profile picture
13 Feb
🚨 $VYGG/VY Global Growth: A star-studded SPAC with global focus and outreach in Europe & Asia.

- $500m raised
- Led by Alexander Tamas (VY Capital)
- Team of seasoned international Silicon Valley entrepreneurs
- Targeting tech/internet businesses

Time for a thread 🧵⬇️ Image
VY Capital is a VC firm founded by Alexander Tamas.

Tamas was a partner at Digital Sky Tech (DST) Global, Yuri Milner's (Mail.Ru) Russian VC firm.

vccircle.com/all-you-wanted… $VYGG Image
In 2011, @pmarca & @bhorowitz said this about Tamas:

"He is a walking encyclopedia of Internet business models and strategies. He's on speed-dial for everyone trying to build the most successful, highest-scale, global Internet companies today."

forbes.com/pictures/lmm45… $VYGG
Read 32 tweets
The King Tut Profile picture
8 Feb
$SNPR/@VoltaCharging investor presentation.

Very interesting business model; different than $SBE, $TPGY, $BLNK, $CLII.

Sitting in the threshold between data, EV charging, and media.

PDF: sec.gov/Archives/edgar…
$SNPR/@VoltaCharging customers
$SNPR/@VoltaCharging financial projections.
Read 5 tweets
The King Tut Profile picture
7 Feb
$RTP/@hippo_insurance

In Nov 2020, Mitsui Sumitomo Insurance led a $350m fundraising round in Hippo.

MSI is a Japanese insurance conglomerate with ~50% market share and ~$1bn in annual revenue.

Upon their investment, they published a two-pager thesis.

Breakdown below ⬇️🧵
MSI are aiming to promote digitalization that will contribute to improving customer experience.

Through $RTP/Hippo, MSI will provide relief and safety to its customers by enhancing how natural disasters our addressed, and providing advanced services for disaster prevention
MSI aims to leverages $RTP/Hippo's strength in data and tech based on methods of risk sub-divided underwriting, smart home devices, and meteorological data.
Read 14 tweets
The King Tut Profile picture
6 Feb
🔎 $RTP/@hippo_insurance: SaaS harnessing AI to revolutionize the home insurance industry 🦛🏠

- Everything you need to know
- One-stop-shop for all things smart/connected home
- Higher growth & revenue than closest public competitor $LMND/@Lemonade_Inc

Time for a thread 🧵⬇️
Hippo was founded in 2015 by Assaf Wand, an ex-McKinsey consultant and Eyal Navon, serial entreprenuer and software engineer.

Wand's interest in insurance was inspired by his father's lengthy career in the "antiquated" insurance industry. $RTP
After two years of R&D, fundraising, and product development, Hippo launched in April 2017 in California.

The company's marketing was centered on the delivery of a 60-sec quote for insurance policies, transparent process, and smart home integration.

techcrunch.com/2017/04/26/sta… $RTP
Read 30 tweets
The King Tut Profile picture
4 Feb
Heavily added $TBA/Thoma Bravo Advantage. This will be in the $13+ zone soon.
Read 4 tweets

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