January 15, 2021
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The Lead
In 2020, venture capital funds in the US withstood the effects of the coronavirus recession and broke a long list of records, according to a report by PitchBook and the National Venture Capital Association. For the first time, total dealmaking topped $150 billion, a resurgence of initial public offerings pushed exits to a record $290 billion, and venture capital funds raised $73.6 billion, outstripping the previous record of $68.1 billion in 2018.
Full Story: Institutional Investor online (1/14) 
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Capital Call
Harness, a software startup focused on continuous integration and continuous delivery, raised $115 million in its combined Series B1 and C funding rounds, giving the company a $1.7 billion valuation. The company uses artificial intelligence and machine learning to automate software development and deployment.
Full Story: VentureBeat (1/15) 
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Mosaic, a startup software platform that assists chief financial officers, raised $18.5 million in its Series A funding round. The system is designed to process data from a variety of sources to provide key forecasts to CFOs and their teams.
Full Story: TechCrunch (tiered subscription model) (1/14) 
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Capsule, a startup video Q&A platform tailored to the needs of companies that manage brands, raised $2 million in pre-seed funding that included an investment from Bloomberg Beta. With the new capital it will hire a product designer and add new features to its platform.
Full Story: TechCrunch (tiered subscription model) (1/14) 
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Goldman Sachs is partnering with digital payments startup Marqeta to offer checking accounts through its consumer banking unit, Marcus. Marqeta's technology will help the bank provide virtual debit cards and allow customers to tap real-time information about their spending.
Full Story: Reuters (1/14),  Bloomberg (1/14) 
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View from Abroad
London-based satellite broadband startup OneWeb has received a $1.4 billion investment from Hughes Network Systems and SoftBank Group. OneWeb said that will be enough money to finish getting a fleet of 648 satellites into orbit.
Full Story: TechCrunch (tiered subscription model) (1/14) 
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KONUX, a German startup whose technology is used to improve the efficiency of railroad networks, raised $80 million in its most recent funding round. With the new capital it will hire 100 software engineers and data scientists to broaden the range of its product offerings.
Full Story: Reuters (1/15) 
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Corporate Venture Capital
Carbon capture technology startup Blue Planet Systems has received an investment from the Future Energy Fund, which makes investments for Chevron. The two companies signed a letter of intent agreeing to work together on lower-carbon technologies.
Full Story: Reuters (1/14) 
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Sector Spotlight: Life Sciences
Health care data analytics startup NoviSci has been acquired by one of its competitors, Target RWE. As part of the deal, one of NoviSci's backers, Amgen, is making an investment in the combined entity.
Full Story: Reuters (1/14) 
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NVCA News
Joining NVCA is the best way to advance public policy that fosters a healthy environment for high-growth startups and to engage on the policy and industry issues that are important to VCs and your portfolio companies, including: immigration reform that welcomes qualified immigrant entrepreneurs; tax reform that promotes entrepreneurship and capital formation; making public markets work for small cap companies again; and smarter regulations for the startup economy. Become a member today.
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Editor's Note
SmartBrief will not publish Monday
In observance of Martin Luther King Jr Day in the US, SmartBrief will not publish Monday. Publication will resume Tuesday.
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Connect deeply with others. Our humanity is the one thing that we all have in common.
Melinda Gates,
philanthropist, advocate for women and girls
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