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Key deals of the week (October 26 - November 1)


The loss of the international tourism industry in the first eight months of 2020 amounted to $ 730 billion,

according to the report of the World Tourism Organization (UNWTO). The organization noted that this is more than eight times the losses that the industry suffered amid the 2009 global economic crisis. According to the organization, for the period from January to August 2020, the number of visitors from abroad decreased by 70%. In the busiest months: July and August, the drop in arrivals from abroad was 81% and 79%, respectively.

The organization said that in the first eight months of 2020, the number of arrivals in the Asia-Pacific region decreased by 79%, in Africa and the Middle East - by 69%, in Europe - by 68%, in America - by 65%.

The UNWOT expert group expects international tourism demand to recover by the third quarter of 2021, but 20% of analysts predict a recovery in 2022.


UNWTO cited travel restrictions as the main barriers to international tourism recovery, as well as the slow containment of the virus and low consumer confidence.





Small deals (up to $ 15 million)


Cosmetics

· October 26, 2020. TilTech Capital investment fund has invested 50 million rubles in the Russian cosmetics brand Shine Is, which develops and manufactures daily care products for face and body. TealTech Capital received 16.67% in the company. The project was estimated at 300 million rubles. Shine Is was founded in 2019. According to the company's own data, there are more than 110 products in the assortment. The company has its own research laboratory. There, cosmetic formulas and fragrances are developed in cooperation with European partners.


Video Editing

· October 27, 2020. InVideo video editing solution developer raised $ 15 million from Sequoia Capital India, Tiger Global, Hummingbird, RTP Global and Base. InVideo operates on a freemium model and allows users to create videos for social media (Twitter, Facebook, YouTube). Since its launch a year ago, the startup has attracted 800,000 users. The service's clients include Reuters, AT&T, Dropbox and P&G. Premium subscription costs $ 10 per month. InVideo doesn't have an app at the moment, only a web version.


Event Management

· October 27, 2020. Hubilo, an online event startup, has raised $ 4.5 million in a seed round from Lightspeed and others. Before the COVID-19 pandemic, Hubilo worked with offline event organizers, but then switched to the online segment. The startup's clients include United Nations, Roche, Fortune, GITEX, IPI Singapore, Tech In Asia, Infocomm Asia and Clarion Events. Hubilo also offers analytics. The startup solution integrates with Salesforce, Marketo, and HubSpot.

Hubilo offers gamification elements for event attendees. Hosts can award points for things like watching a session, visiting a virtual booth, or messaging. The organizers can then award prizes to the participants with the most points.


Analytics

· October 28, 2020. AppFollow startup with founders from Russia raised $ 5 million in Round A from Nauta Capital with the participation of Vendep Capital and RTP Global. The startup has been developing tools for monitoring mobile applications since 2015, with which developers can track their performance, work with reviews and promote applications on Google Play and the App Store. The startup team consists of 65 people, and its headquarters are located in Helsinki. The company plans to spend the attracted investments to strengthen its presence in the USA and Europe, recruit top managers and diversify products.


Healthcare

· October 29, 2020. Nutrium, a startup helping find a nutritionist, raised € 4.25 million in a seed round from Indico Capital Partners, the Social Innovation Fund and others. 80 thousand nutritionists and 800 thousand patients from 40+ countries are registered on the platform. On the Nutrium platform, patients receive comprehensive nutritional advice that combines communication with a nutritionist, continuous monitoring, and access to a variety of goods and services. According to Crunchbase, Nutrium's total investment raised is € 4.9 million.


FinTech

· October 30, 2020. American fintech startup Wise raised $ 12 million in Round A from e.ventures, Grishin Robotics and others. Wise offers bank accounts to companies that allow them to hold virtual cards, make transfers, and receive payments. Companies don't need to develop banking services from scratch; instead, they can redirect users to Wise. For example, the RemoteTeam service, which helps organize the work of remote teams, uses startup technologies to pay salaries.

In April 2020, Wise raised $ 5.7 million from Base10 Partners, Abstract Ventures, Backend Capital, The Fund, and Two Culture Capital. At that time, the startup had about 1,000 client companies.





Medium deals (from $ 15 million to $ 75 million)


FinTech

October 26, 2020. UK-based PimaryBid, which helps lay investors buy shares in large companies in IPOs, has raised $ 50 million from London Stock Exchange Group, Draper Esprit, OMERS Ventures, Fidelity International Strategic Ventures, ABN AMRO Ventures, Pentech and Outward Ventures. The previous round of $ 8.6 million was raised by the startup PrimaryBid in September 2019. The startup is working with large investment banks to enable lay investors to participate in IPOs of large companies. PrimaryBid plans to use the attracted investments for hiring staff, developing a technology platform, entering international markets, etc.


Data Analytics

· October 26, 2020. Water quality monitoring software developer Ketos has raised $ 15 million from Citi, Motley Fool Ventures and others. Silicon Valley Bank also provided Ketos with a $ 3 million loan. The raised investment Ketos plans to spend on upgrading software and equipment that provide information about water quality and the presence of potential damage to water pipes. The total amount of attracted investments by Ketos is $ 39.9 million (including debt financing).


Cybersecurity

October 27, 2020 Theta Lake, a cybersecurity company for video conferencing services, raised $ 27 million from Lightspeed Venture, Cisco Investments and others. Theta Lake solutions are suitable for Cisco Webex, Microsoft Teams, RingCentral, Zoom, and more. Theta Lake uses machine learning to detect risks in video, visual, voice, chat, and document transmission via video conferencing services. The total amount of attracted startup investments is $ 32 million.


Security

· October 27, 2020. Eagle Eye Networks, a developer of cloud-based video surveillance service, announced it has raised $ 40 million from Accel. Eagle Eye Networks integrates with other software for video recording, encryption, and more. The startup's software can also work with third-party cameras. Eagle Eye Networks plans to spend the raised investments on marketing, sales, AI, and recruiting. According to Crunchbase, the total investment raised by Eagle Eye Networks is $ 95 million.


Autonomous Vehicles

· October 28, 2020. Outrider, a technology company for automating processes in distribution warehouses, has raised $ 65 million from Koch Disruptive Technologies, NEA, 8VC and others. Usually in distribution warehouses, people perform repetitive tasks using diesel trucks to transport goods. Outrider wants to automate these processes. Outrider does not own or operate a vehicle. Instead, it provides software for the client's fully and semi-autonomous fleet. Outrider also provides a team of technicians to remotely monitor the fleet. According to Crunchbase, the startup's total investment raised is $ 118 million.


AgTech

October 29, 2020. Arable, a maker of crop monitoring devices, has raised $ 20 million from Prelude Ventures, M20 and others. Arable helps farmers optimize their decisions by providing data on how weather and other factors affect yield, quality and harvest timing. Arable combines historical data with real sensor information to train AI and make predictions. The startup has 200 clients, including TreasuryWine Estates, Mars, Bayer, Cargill, Driscoll’s, and Blue Bottle Coffee, the US Department of Energy and the World Bank. According to Crunchbase, Arable's total investment raised is $ 33.8 million.


Device Management

October 28, 2020. Kandji, a startup helping companies manage Apple remote devices, raised $ 21 million from Greycroft, Okta Ventures and others. Kandji is developing a solution that helps large companies manage Apple devices, including enforcing compliance with a specific set of rules. The company entered the market in 2019. During the year, the company attracted hundreds of new customers and increased its staff from 10 to 40 people. According to Kandji, the startup's total investment raised is $ 28.4 million.





Large deals ($ 75 + million)


Gaming

· October 28, 2020. Mobile game developer Scopely announced a $ 340 million raise from Wellington Management, NewView Capital, TSG Consumer Partners, Canada Pension Plan Investment Board and others. On average, players spend 80 minutes playing Scopely games such as Star Trek Fleet Command, MARVEL Strike Force, Scrabble GO and YAHTZEE with Buddies. Scopely's valuation has not been disclosed, but one source said the company was valued at $ 3.3 billion. Last year, Scopely's valuation was $ 1.9 billion. According to Crunchbase, the company's total investment was $ 998.5 million.


AdTech

· October 28, 2020. DoubleVerify, an ad control solutions company, has raised $ 350 million in investment from Tiger Global, Fidelity and others. DoubleVerify provides tools for advertisers, brands, marketing platforms, and publishers. Startup technologies can:

o detect fraudulent activities (by checking that the advertiser is paying for the actions of people, not bots);

o make sure your ads look good on different types of devices;

o Track brand safety (for example, DoubleVerify helps ensure that soda ads do not appear in front of the video on the COVID-19 conspiracy theory).

According to Crunchbase, DoubleVerify's total investment raised is $ 599.5 million.


TravelTech

October 29, 2020 GetYourGuide, a platform for booking excursions and other entertainment, has raised € 114 million ($ 133 million) in a convertible loan from Searchlight Capital, SoftBank Vision Fund, KKR, Battery Ventures, Highland Europe and others. In 2019, GetYourGuide's valuation was $ 1 + billion.The total number of tickets sold on the platform is 45 million.In January 2020, this figure was 40 million.According to Crunchbase, the total amount of attracted investments GetYourGuide is $ 790.2 million.