Market Insights

Innovation, Expansion, and Growth: Weekly Dealbook for 6/17/2021

06/17/21

Victor Appelqvist

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Investors in this week’s DealBook reflect several platforms raising large amounts of capital to fund their product expansions. Most notably, Yousign raised EUR 30 million of Series A to expand the company’s client base and headcount. Additionally, Stripe raised $1 billion of venture funding to expand its European operations. Lastly, OCR Labs raised EUR 12.5 million of Series A venture funding that will be used to invest in technology innovation to scale into the UK and Turkish markets and grow its team in both London and Istanbul.

CLEAR has filed to go public on the New York Stock Exchange under the ticker symbol of YOU. CLEAR will use the funds to expand its network of 38 airports covering 106 checkpoints, 26 sports and entertainment partners, and 67 Health Pass-enabled partners and events surrounding 110 unique locations.

OWI Focus

Top Deals This Week

Yousign
yousign.com
2013

Yousign is a developer of an e-signature platform intended to allow electronic signing of agreements and contracts. The company's platform offers an intuitive, secure, and personalized legally valid signing experience with compliance at its core, enabling users to sign all types of documents in a few clicks, online or face-to-face.

 

Yousign raised EUR 30 million of Series A venture funding in a deal led by Lead Edge Capital on June 10, 2021. eFounders and other undisclosed investors also participated in the round. The funds will be used to expand the company's client base and headcount.

Stripe
stripe.com
2009

Stripe is a developer of an online payments processing platform intended to help small and large companies accept web and mobile payments. The company's platform offers a developer-centric, API-driven payments platform that simplifies payment infrastructure complexity and also provides a suite of ancillary commerce enablements and financial services products, such as fraud management, analytics, and SMB lending, enabling clients to accept payments in a secure manner.

 

Stripe raised $1 billion of venture funding from Shopify, CapitalG, and Silver Lake on June 14, 2021. Sequoia Capital also participated in the round. Previously, the company raised $600 million of Series H venture funding from Allianz X, Durable Capital Partners, and Silver Lake on March 14, 2021, putting the company's pre-money valuation at $94.4 billion. Sequoia Capital, AXA, Baillie Gifford, Fidelity Investments, Soul Ventures, and Ireland Strategic Investment Fund also participated in the round. The funds will be used by the company to invest in its European operations. Its Dublin headquarters, particularly, support surging demand from enterprise heavyweights across Europe and expand its Global Payments and Treasury Network.

OCR Labs
ocrlabs.com
2018

OCR Labs is ab operator of a digital verification platform intended for frictionless customer onboarding and fraud identity detection. The company's platform specializes in optical character recognition for verifying identity documents and advanced facial matching technology that uses liveness detection along with biometric verification, thereby enabling industries such as banking, finance, government bodies as well as commercial entities with fast, intuitive, and precise identification across any channel.

OCR Labs raised EUR 12.5 million of Series A venture funding in a deal led by Oyak Group on June 15, 2021. Halkin Ventures also participated in the round. The funding will be used to invest in technology innovation in order to scale into the UK and Turkish markets and grow its team in both London and Istanbul.

Spotlight

Investor Highlights

Silver Lake
silverlake.com
2009

Founded in 1999, Silver Lake is a global technology investment firm, with more than $79 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe, and Asia. Silver Lake portfolio companies generate more than $191 billion of revenue annually.

 

Active Portfolio - 79

Investments (TTM) - 78

Med. Round Amount - $207.50M

Med. Valuation - $654.88M

# of Exits - 166

 

Stripe

Plaid 

SecurityScorecard 

SPOTLIGHT
Public Highlights
CLEAR
clearme.com
2010

CLEAR is a developer of a biometric identity platform designed to change how people live and work by creating a more secure, connected world. The company's bio-metric-based secure identification platform allows a person to quickly and securely confirm their identity without using traditional documents at entry points in airports, sports stadiums and other venues, enabling clients to increase predictability and enhance security.

 

The company filed to go public on the New York Stock Exchange under the ticker symbol of YOU on June 7, 2021. The expected offering amount is $100 million. Previously, the company received $100 million of development capital from Union Square Hospitality Group, 32 Equity, Liberty Media, Bond Capital (San Francisco) and other investors on February 8, 2021.

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