[NEWS] Unpacking DoorDash’s $410M Caviar acquisition – Loganspace

Howdy and welcome relief to Equity, TechCrunch’s mission capital-focused podcast, where we unpack the numbers late the headlines.

This weekKateandAlexwere relief to dig thru a sexy collection of new rounds and new funds in conjunction with a piece breaking news. The damaged-down VC summer season is nowhere to be considered in 2019, so ask the show to take care of packed for the foreseeable future.

DoorDash’sdecision to steal Caviarfrom Sq. upended our agenda. The decacorn’s decision to drop $410 million in cash and inventory on an asset that Sq. had spent spherical $90 million on became nearly confusing. Sq. couldn’t offload the damn relate for $100 million relief in 2016; Jack’s second firm has nowshed an unprofitable armthat looked much less and much less core to its operations as time has gone along. And DoorDash modified into cash and inventory into a itsy-bitsy bit enhance.

Subsequent on the docket became Clearbanc. The firm, which needs to disrupt mission capital by popularizing the revenue-primarily based mostly financing mannequin,raised a $50 million spherical and presented a $250 million fund. We’re maintaining a shut seek on this firm, as its snappy-enhance is slightly unmatched. Plus, Kate’s interviewingClearbanc co-founder Michele Romanow at TechCrunch DisruptSan Francisco, our annual convention that brings collectively the leaders of tech this present day. In yell that’s fun.

On this week’s model of SaaS Secret agent,Monday.com raised $150 million at a $1.9 billion valuation. The company assignment management and productiveness firm is one more agency selling utility to attend teams work collectively more efficiently. Slack, Asana, Idea and others are working in linked areas.

Our second to final topic became Compass. There wasn’t sufficient time to head too deep however here’s the TL;DR:Compass raised a whopping $370 millionon a valuation of $6.4 billion.

And at final,PowerPlant ventures raised a second, higher fund. The brand new $165 million automobile will notice the first (a $42 million capital pool, as TechCrunch reported), investing in plant-primarily based mostly meals companies. With the memoir upward push of Beyond Meat on the general public markets, plant-primarily based mostly foods are hot and investors prefer a bite of the outcomes. Furthermore, we dig enviornment of interest, focused funds.

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