Axios Pro Rata on Saturday morning will host our last Peloton fundraising ride of 2020, with proceeds to benefit Restaurant Strong, a fund that provides cash grants to full-time restaurant workers who have been negatively impacted by the pandemic.

• The fund received more vetted applications than it has cash to fulfill, so we can help close that gap.
• In short, please help feed those who have always helped feed you.

• Restaurant Strong was co-founded by Samuel Adams and The Greg Hill Foundation, and also recently helped restaurants winterize their outdoor spaces.

More riders = more $$$ raised, thanks to our generous donors. We've also secured around $60,000 in flat donations so far.

• Much gratitude to contributors like Casa Komos Beverage Group, BOND, ChowNow, Toast, GGV Capital, Jonathan Heiliger and more.
• Plus a special shoutout to Consigliere Brand Capital's Mike Duda, who not only helps me organize these rides, but is making a per rider match.

If you'd like to donate, now or after we ride, please use this link. Yes, it's 100% tax deductible and every dollar helps. If you can make a per rider pledge, capped or uncapped, please email me ([email protected]).

🚴 For riders: We'll be doing a 45-minute Together We Ride (originally from March 28), led by Robin Arzón. Please clip in Saturday at 11am ET/8am PT. Our hashtag will be #TeamAxios. I can't wait to see you on the leaderboard!

DoorDash, a San Francisco-based restaurant meal delivery company, raised $3.37 billion in its IPO, at a fully diluted valuation of around $39 billion. It priced at $102 per share, above its upwardly revised range, and will begin trading later this morning on the NYSE (DASH).

• Why it's the BFD: DoorDash wasn't the first on-demand food delivery upstart, being founded after GrubHub, Postmates or Caviar, but now it's much more valuable than any of them.

• Local color: DoorDash had planned to "ring the bell" from Oren's Hummus in Cupertino, which was one of its first restaurant partners, but scrapped it as the pandemic worsened.
• ROI: DoorDash raised nearly $3 billion in VC funding, most recently at a $16 billion valuation, from firms like SoftBank Vision Fund (24.9% pre-IPO stake of Class A shares), Sequoia Capital (20.4%), and GIC (10.5%). CEO Tony Xu holds 41.6% of Class B shares.
• Details: The IPO didn't feature a greenshoe and is just the second issuer to use Goldman Sachs' "hybrid" offering system, pioneered by Unity Software.
• The bottom line: "The question on everyone's mind is what happens once the world's fully-vaccinated and back to pre-pandemic behavior... From our perspective, what's happened in the past few months is that new consumers have discovered delivery, found new favorite restaurants on the platform and enjoyed the extra time to do other things. New habits have formed, and we've found they tend to be sticky." — DoorDash CFO Prabir Adarkar to Axios

• Wiz, a Palo Alto-based cloud security startup,raised $100 million in Series A funding from Index Ventures, Sequoia Capital, Insight Partners and Cyberstarts. www.wiz.io

🚑 Reneo Pharma, a San Diego-based biotech focused on genetic mitochondrial diseases, raised $95 million in Series B funding. Novo Ventures and Abingworth co-led, and were joined by Rock Springs Capital, Aisling Capital, Amzak Health and return backers NEA, RiverVest Venture Partners, Pappas Capital and Lundbeckfonden Ventures. www.reneopharma.com

🚑 Pear Therapeutics, a Boston-based developer of prescription apps for treating addiction and insomnia, raised $80 million in Series D funding. SoftBank led, and was joined by Forth Management, Pilot House, Sarissa Capital, Shanda Group, Quad Investment Management, Novartis and return backers Temasek, 5AM Ventures, Arboretum Ventures, JAZZ Venture Partners, CrimsoNox and EDBI. http://axios.link/mxCQ

🚀 Isar Aerospace, a German developer of a micro-satellite launcher, raised €75 million in Series B funding. Lakestar led, and was joined by Earlybird, Vsquared Ventures, Airbus Ventures, UVC and HV Capital. http://axios.link/cInc

🚑 PepGen, a British developer of therapeutics for Duchenne muscular dystrophy, raised $45 million in Series A funding. RA Capital Management led, and was joined by University of Oxford, CureDuchenne Ventures and seed backer Oxford Sciences Innovation. www.pepgen.com

• Firebolt, an Israeli cloud data warehouse startup, raised $37 million from Zeev Ventures, TLV Partners, Bessemer Venture Partners and Angular Ventures. http://axios.link/ANXI

• CodeSignal, a San Francisco-based technical assessment platform for recruiting, raised $25 million in Series B funding. Menlo Ventures led, and was joined by Capital One Ventures, CM Ventures, Human Capital, TripHammer Ventures and insiders e.ventures, A Capital, Felicis Ventures and Correlation Ventures. http://axios.link/yakN

• Unit, a banking-as-a-service infrastructure startup, raised $18.6 million in Series A funding from Better Tomorrow Ventures, Aleph, Flourish Ventures, TLV Partners and Operator Partners. http://axios.link/rflN

• Skyflow, a Palo Alto-based data privacy vault startup, raised $17.5 million in Series A funding. Canvas Ventures led, and was joined by Foundation Capital. http://axios.link/0RnM

• WorkRamp, a San Carlos, Calif.-based training materials development platform, raised $17 million in Series B funding. Omers Ventures led, and was joined by Bow Capital. http://axios.link/hJ4S

🚀 Varda Space, a space manufacturing startup, raised $9 million in seed funding co-led by Founders Fund and Lux Capital. http://axios.link/NaiE

• Adaptix, a Pleasanton, Calif.-based provider of edge AI automation and control software, raised $8 million in Series A funding. WRVI Capital led, and was joined by Micron Ventures. http://axios.link/VXm3

• Codi, a provider of daytime workspaces in private homes, raised $6.4 million from NFX, Urban Innovation Fund and ANIMO Ventures. www.codi.com

• Meet Cute, a San Francisco-based podcast startup, raised $6.25 million in Series A funding. USV led, and was joined by LocalGlobe, Lerer Hippeau and Newark Venture Partners.

• Beacon Education, a Beijing-based provider of online degrees, raised $6 million in Series B funding led by Redpoint China Ventures. http://axios.link/t1TZ

• MyInterview, an Australian video-based job recruitment platform, raised $5 million in seed funding. Aleph led, and was joined by return backers Entrée Capital and SeedIL Ventures. http://axios.link/HAMT

• Aglet, a Los Angeles-based platform for connecting sneaker designers with consumers, raised $4.5 million. Sapphire Sport led, and was joined by return backers Lakestar Ventures and Forecast Ventures. www.aglet.app

• Recurrent, a Seattle-based provider of used EV battery info, raised $3.5 million in seed funding. Wireframe Ventures led, and was joined by PSL Ventures, Vulcan Capital, Prelude Ventures, Powerhouse Ventures, AAA Washington and Ascend VC. http://axios.link/HkMj

• OfficeTogether, a provider of remote work management SaaS, raised $2.2 million in seed funding. Defy Partners led, and was joined Neo, MGV and January Ventures. http://axios.link/cELl

• Apollo Global Management offered to buy Houston-based ATM machine network Cardtronics (Nasdaq: CATM) for $1.38 billion, or $31 per share. Apollo is partnering on the deal with Hudson Executive Capital, which is Cardtronics’ largest shareholder with a 19.44% stake. www.cardtronics.com

• Apollo Global Management pulled a non-binding expression of interest in buying German metals trader Kloeckner & Co., which was made in partnership with Kloeckner’s top shareholder. http://axios.link/hm6B

• Charterhouse Capital Partners agreed to acquire a minority equity stake in Lane Clark & Peacock, a British professional advisory firm, from Inflexion. www.lcp.uk.com

⛽ GeoLogic, a Canadian portfolio company of BV Investment Partners, acquired SubsurfaceIO, a Houston-based provider of oil and gas mapping and analytics solutions. www.geologic.com

• Investindustrial said it plans to make a full takeover offer for Italian bottle caps maker Guala Closures (BIT: GCL) at €8.20 per share, after lifting its stake to 48.9%. http://axios.link/9LpY

🚑 Palm Drive Capital invested in doDOC, a Boston-based real-time authoring tool for pharma businesses. www.dodoc.com

🚑 Partners Group agreed to buy Wedgewood Pharmacy, a Swedesboro, N.J.-based animal health compounding pharmacy, from New Harbor Capital.
www.wedgewoodpharmacy.com

• Platinum Equity agreed to buy Ingram Micro, an Irvine, Calif.-based IT products distributor, from China’s HNA Group for $7.2 billion. http://axios.link/w8EE

🚑 PointClickCare, a Canadian electronic health record platform backed by JMI Equity, agreed to acquire care coordination platform Collective Medical. http://axios.link/Fr1G

• Sovos, a Wilmington, Mass.-based portfolio company of HgCapital, acquired LTax, a New York-based provider of payroll withholding and unemployment tax software. www.sovos.com

• SS&C Technologies (Nasdaq: SSNC) offered to buy Australian financial services firm Link Group (ASX: LNK) for A$5.65 per share, topping a A5.40 per share offer from The Carlyle Group and Pacific Equity Partners. http://axios.link/Ipld

• Thoma Bravo completed its previously announced buyout of AxiomSL, a New York-based provider of risk management and regulatory software for the investment market. Sellers included TCV. www.axiomsl.com

• Vander-Bend Manufacturing, a San Jose, Calif.-based portfolio company of Aterian Investment Partners, acquired Swiss Precision Machining, a Wheeling, Ill.-based manufacturer of consumable instrument components for in robotic surgery. www.vander-bend.com

• Blue Moon Group, a Chinese detergent maker, raised $1.27 billion in a Hong Kong IPO. http://axios.link/gv7G

• C3.ai, a Redwood City, Calif.-based enterprise AI SaaS company led by Tom Siebel, raised $651 million in its IPO. The company priced at $42 per share (above $31-$34 range) for an initial market cap of around $4 billion. It had raised over $360 million from backers like TPG (22.6% pre-IPO stake), Baker Hughes (15.1%), BlackRock, Sutter Hill Ventures, Breyer Capital, Interwest Partners, Makena Capital Management and Wildcat Venture Partners. http://axios.link/rniK

• PubMatic, a Redwood City, Calif.-based programmatic ad platform, raised $118 million in its IPO. The company priced 5.9 million shares at $20 (above $16-$18 range), for a fully diluted value of $1.1 billion. It will list on the Nasdaq (PUBM), used Jefferies and RBC Capital Markets as lead underwriters and reports nearly $8 million of net income on $92.5 million in revenue for the first nine months of 2020. PubMatic raised $76 million from firms like Nexus India (25.7% pre-IPO stake), Pelion Venture Partners (18.8%), August Capital (15.9%) and DFJ (9.1%). http://axios.link/klqP

🚑 Rede D’Or Sao Luiz, a Brazilian hospital chain backed by The Carlyle Group, raised around $2.23 billion in its IPO. http://axios.link/rgaU

• Robinhood, the no-fee trading app, picked Goldman Sachs to lead a 2021 IPO that could value the company north of $20 billion, per Reuters. http://axios.link/X2Pe

🚑 HydraFacial, a Signal Hill, Calif.-based skin care company, agreed to go public via a reverse merger with Vesper Healthcare Acquisition (Nasdaq: VSPR), a SPAC led by former Allergan CEO Brent Saunders. The deal values HydraFacial, a portfolio company of Linden Capital Partners and DW Healthcare Partners, at $1.1 billion. http://axios.link/ghHo

• Altitude Acquisition, a travel industry-focused SPAC, raised $261 million in its IPO. http://axios.link/STqX

🚑 FoxWayne Enterprises Acquisition, a biotech/telemedicine-focused SPAC, filed for a $50 million IPO. http://axios.link/x4oI

🚑 HumanCo Acquisition, a health/wellness-focused SPAC partially sponsored by CAVU Ventures, raised $250 million in its IPO. http://axios.link/wPBf

🚑 Frazier Lifesciences Acquisition, a biotech-focused SPAC formed by Frazier Healthcare Partners, raised $120 million in its IPO. http://axios.link/Z2VM

• Nebula Caravel Acquisition, the third SPAC formed by True Wind Capital, raised $250 million in its IPO. http://axios.link/jXJM

• The Federal Trade Commission sued to block Procter & Gamble (NYSE: PG) from buying women’s razor maker Billie, which raised around $35 million from firms like Goldman Sachs, Lakehouse Ventures, ACME Capital, Female Founders Fund, Serena Ventures and Silverton Partners. http://axios.link/XO3G

• Fortinet (Nasdaq: FTNT) acquired Panopta, a Chicago-based cloud and hybrid infrastructure monitoring platform, from Five Elms Capital. http://axios.link/0FQQ

• Modern Times Group of Sweden agreed to buy London-based mobile games developer Hutch Games for around $375 million. Hutch had raised around $6 million from firms like Index Ventures, Backed VC and Initial Capital. http://axios.link/A92p

• Thumbtack, a San Francisco-based local services marketplace valued by VCs at $1.7 billion, acquired Setter, a Toronto-based home management platform that raised around US$13 million from firms like NFX, Burst Capital and Sequoia Capital. http://axios.link/0NkE

• Amphenol (NYSE: APH) agreed to buy MTS Systems (Nasdaq: MTSC), an Eden Prairie, Minn.-based sensor maker, for $1.7 billion in stock (51.9% premium to Tuesday’s closing price). http://axios.link/0cQC

🚑 Baxter International (NYSE: BAX) has approached Omnicell (Nasdaq: OMCL), a Mountain View, Calif.-based medication management company with a $4.7 billion market cap, about a takeover, per Bloomberg. http://axios.link/otqe

⛽ Whitecap Resources (TRX WCP), a Canadian oil producer, agreed to buy rival TORC Oil & Gas (TSX: TOG) for C$552 million in stock (4.3% premium to Monday’s closing price). http://axios.link/KJsd

• Ada Ventures, a European VC firm focused on startups solving societal problems, raised $50 million for its debut fund. http://axios.link/VIXD

🚑 Forbion, a Dutch biotech VC firm, raised €460 million for its fifth fund. http://axios.link/7Yr3

• Global Infrastructure Partners raised a combined $2.8 billion for a pair of credit funds that will back infrastructure assets in the energy, power and transportation sectors. http://axios.link/seEA

• Sixth Street Partners is targeting €800 million for a Europe-focused specialty lending fund, per public pension docs. http://axios.link/1iZD

• Crestview Partners promoted Brian Cassidy and Alex Rose to co-presidents, effective January 1. Firm co-founder Barry Volpert will continue to serve as CEO and chief investment officer. www.crestview.com

• Josh Richards, an 18 year-old TikTok influencer, joined VC firm REMUS as a venture partner. http://axios.link/Ayg4

• Macky Tall is joining The Carlyle Group as co-chair of infrastructure investing. He previously spent 16 years with Caisse de dépôt et placement du Québec. www.carlyle.com

• General Atlantic promoted five professionals to managing director: Melis Kahya Akar (London, consumer investments), Luis Cervantes (leads Mexico City office), Christian Figge (European investments), Anna Golynskaya (NYC, capital raising) and Shaw Joseph (NYC, consumer investments). www.generalatlantic.com

• Axios' Courtenay Brown reports that the number of U.S. public companies turning to the equity markets to raise cash is at the highest level in at least 10 years. Go deeper.