Happy Thursday! Kia here, for my last Pro Rata edition of 2019—Dan will be back tomorrow for what will be his last edition of the year.
🚨CES: I'm going to the Vegas-based tech extravaganza for the first time, and I would love to meet investors who are there as well. Drop me a note!
Illustration: Aïda Amer/Axios
As 2019 comes to a close, I can’t help but still think about the question that’s been floating in my head for much of the year: We’ve been in a boom period, but what happens next?
This question was partly answered when the first stampede of private unicorns hit the public market in the spring. The results were mixed — but mostly not good. (Uber, anyone?) And of course, WeWork didn’t even make it to the Nasdaq bell-ringing, instead breaking down shortly after it filed its S-1.
• Seeking comment: The U.S. Securities and Exchange Commission is considering changing the requirements for accredited investors, and has opened up a 60-day comment period.
🎙 Podcast: Mike Bloomberg is hardly a Democratic Party darling, but one of his former campaign managers believes he's still a smart bet to win its presidential nomination. Dan digs in with Bradley Tusk, venture capitalist, philanthropist, political strategist and the campaign manager for Bloomberg's successful 2009 mayoral re-election. Listen here.
Editor's note: The story has been updated to note that it's Microsoft that's "printing money" (not Teams, an error inserted during editing).
Illustration: Rebecca Zisser/Axios
IAC (InterActiveCorp.) agreed on Thursday to separate one of its largest subsidiaries, Match Group, which houses several dating apps, including Tinder.
• Glovo, a Spain-based on-demand delivery company, has raised €150million ($167 million) in Series E funding led by Mubadala, with Drake Enterprises, Idinvest and Lakestar also participating. http://axios.link/wP76
🚑 Epirium Bio, a San Diego, Calif.-based clinical stage biopharmaceutical company, has raised $85 million in Series A funding from Longitude Capital, ARCH Venture Partners, Bluebird Ventures, Adams Street Partners, Vertex Ventures HC, and The Longevity Fund. www.epirium.com
• ZestMoney, an India-based consumer lending startup, has raised $15 million from Goldman Sachs, Naspers, Quona Capital, and Omidyar Network. http://axios.link/FIBG
• ABAKA, a London-based provider of retirement digital tools, raised $6.5 million in Series A funding from Thames Trust, Ace&Co and Downing Ventures. www.abaka.me
• Ant Financial has acquired an undisclosed sizable stake in eMonkey, a Vietnam-based digital wallet startup, according to Reuters. http://axios.link/FqF6
• FineLine Technologies, backed by L Squared Capital Partners, has acquired Consolidated Printing, a Van buren, Ark.-base provider of printed tickets for professional and collegiate sporting events and major event venues. www.teamcpi.com
• Carbon60, backed by M/C Partners, has acquired Cirrus9, a Canada-based managed cloud and hosting company. www.cirrus9.net
🚑 Monopar Therapeutics, a Wilmette, Ili.-based developer of therapies for chemotherapy-induced mucositis and cancers, raised $9 million by offering 1.1 million shares at $8, the low end of the range of $8 to $10, to command an $89 million market value. Insiders indicated on $6 million worth of shares in the offering (67%). It plans to list on the Nasdaq under the symbol MNPR. JonesTrading and Arcadia Securities acted as lead managers on the deal. www.monopartx.com
• Facebook has acquired PlayGiga, a Spain-based company focused on cloud-based video gaming, for a reported $70 million. http://axios.link/Q5QY
🚙 Palladium Equity Partners has sold Raben Tire Company, an Evansville, In.-based chain of tire and service centers, to Goodyear.
• Sumeru Equity Partners has sold Buildium, a Boston-based property management software company, to RealPage. www.buildium.com
• Clariant is selling its masterbatches unit to PolyOne Corp, an Avon Lake, Ohio-based polymer materials maker, foor $1.6 billion and will pay shareholders about $1 billion from the proceeds. http://axios.link/n1ak
• Xperi Corporation and TiVo Corporation have agreed to an all-stock merger with a combined enterprise value of $3 billion, with Xperi stockholders owning about 46.5% of the new company and TiVo stockholders owning the rest. http://axios.link/2gT8
• Rubicon and Telaria have agreed to an all-stock merger, with Telaria stockholders owning about 47.1% and Rubicon Project stockholders owning the rest. http://axios.link/8nPU
• Corsair has acquired Scuf Gaming, a Johns Creek, Ga.-based maker of high-end gaming controllers. http://axios.link/0JQB
• Broadcom is looking to sell its radio frequency segment, which could be worth $10 billion, according to the Wall Street Journal. http://axios.link/fgun
• Valence Media (Billboard’s parent company) has acquire Nielsen Music from Nielsen Holdings, a New York-based media measurement company. http://axios.link/Pefg
• Acrew Capital, a Bay Area-based venture firm co-founded by Theresia Gouw, has raised $250 million for its first fund that will be focused on early-stage startups. http://axios.link/Zmlz
🚑 Rev1 Ventures, a Columbus-based venture firm, has raised a new $15 million fund to invest in medical and biotech startups. http://axios.link/LtvX
• Tusk Ventures, the New York-based venture firm, has raised $70 million for a second fund. http://axios.link/Zeti
• Värde Partners, an alternative investment firm founded in Minnesota, has raised $2.47 billion for its 13th flagship fund. www.varde.com
• NMS Capital, a New York-based private investment firm, has promoted Noel Jeon to managing director, and Michael Lehman and Donza Worden, and Neal Monga to vice president. www.nmsadvisors.com
• Verod Capital Management, a West Africa-based private equity firm, has raised $200 million for its third growth fund. www.verod.com
• Kainos Capital, a Dallas-based food and consumer-focused private equity firm, has promoted Jeff Moredock to principal and Julie Sanders to director. www.kainoscapital.com
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