ian.jpg

Ian Agar

Financial Writer

Ian Agar was a financial writer at PitchBook covering venture capital.

A native of Southern California, he joined the US Coast Guard and received his BA in Psychology from American Military University. After leaving the military, he was a writer for SeekingAlpha for over six years covering blue-chip stocks and fast-growing small-cap companies. Although studying charts and financial reports excite him, his wife is his real passion in life—especially when they both spend time studying charts and financial reports together.

ARTICLES BY CURRENT AUTHOR

IPO

In rarity for marketing tech, Sprout Social aims at IPO

Against the backdrop of challenging market conditions, a stalwart marketing-tech company is making a foray into the IPO market in what would be a rare Wall Street exit for its industry.

Pendo now a unicorn following rare North Carolina mega-deal

Pendo, a developer of customer engagement analytics software, has raised a $100 million Series E at a $1 billion valuation in what’s a rare mega-deal for the state of North Carolina.

RigUp lands $300M to aid energy contractors, hits $1.9B valuation

The developer of a contractor hiring platform for the energy industry has raised a $300 million Series D led by Andreessen Horowitz.

Next Insurance secures $250M, clears $1B valuation

Small business insurance provider Next Insurance has raised a $250 million Series C with a $1 billion-plus valuation led by Germany’s Munich Re.

Sam Altman says OpenAI still focuses on social good, despite abandoning nonprofit status

When OpenAI was formed in 2015 as a nonprofit, it had lofty goals for the advancement of artificial intelligence. So, what has changed now that it’s a for-profit corporation?

Workspace provider Industrious cites different path in avoiding WeWork’s woes

As the drama of WeWork has been playing out, another New York-based co-working space provider has been watching on the sidelines.

WeWork taps co-CEOs to tackle pre-IPO turbulence

Adam Neumann has stepped down from his position at the co-working company, while his wife, Rebekah, will leave her post as chief brand and impact officer and CEO of WeGrow.

WordPress.com parent Automattic posts $300M at $3B valuation

The parent company of the platform powering a third of the internet has scored a new nine-figure check.

WeWork considers even lower valuation amid investor concerns

The workspace provider has revised its S-1 in response to issues surrounding CEO Adam Neumann.

As WeWork eyes IPO valuation below $20B, SoftBank revs up the pressure

WeWork is considering slashing its IPO valuation even further, potentially to less than $20 billion. The company hasn’t been valued below that threshold in nearly three years.

Scoop: Car-sharing startup Getaround seeks $200M+ at unicorn valuation

Getaround is seeking to raise up to $201.5 million in Series D extension funding, PitchBook has learned. The funding could vault the company to unicorn status.

Breaking down early- and late-stage deals for the top 20 US VC investors [datagraphic]

Using data from the PitchBook Platform, we took a look at how the 20 most active VC investors are deploying their money in early- and late-stage rounds.

ThoughtSpot pulls in $248M at soaring $1.95B valuation

The Bay Area-based company develops artificial intelligence-powered software that enables businesses to search through internal data sources.

The top VC investors in autonomous vehicle tech

PitchBook analyzed the top investors in autonomous vehicle technology, including a look at the vertical’s growth since 2010.
IPO

IWG may launch US IPO, extending co-working space growth frenzy

International Workplace Group is considering an IPO in New York for its US-based operations, according to Sky News.

Scoop: Construction tech unicorn Procore seeking to raise $112.5M

Procore, a developer of cloud-based construction project management software, is seeking to raise up to $112.5 million in VC funding, PitchBook has learned.

WeWork competitor Knotel banks $400M, reaches $1B valuation

WeWork competitor Knotel has raked in $400 million at an estimated $1 billion valuation in a round led by Wafra.
IPO

Cloudflare’s IPO filing at a glance: rising revenue, falling losses and risky customers

Web services provider Cloudflare has released its IPO prospectus, and while its financials seem largely positive, the controversial content of websites like 8chan is a key risk factor.

WeWork’s IPO filing reveals $900M+ in losses and plenty of other concerns

The co-working behemoth is aiming to raise $1 billion in its debut. The IPO filing shows losses of close to $1 billion this year, plus growing revenue and memberships, and raises new questions about the company and its CEO.
AI

Lucidworks lands $370M valuation for AI-powered search engines

Lucidworks has raised $100 million from investors including Francisco Partners and TPG Sixth Street Partners in what could be the AI startup’s last funding round before an IPO.

SoftBank backs C2FO as it shifts its gaze to Vision Fund II

The Vision Fund is at it again, leading a $200 million round in US-based financial services company C2FO, as SoftBank gets ready to start investing out of its newest mega-vehicle.

Klarna rakes in $460M, becomes Europe’s second most valuable VC-backed company

Klarna, a fintech company backed by Snoop Dogg with a marketing campaign called “Smoooth,” has become Europe’s second most valuable VC-backed company.

Gatsby rakes in $1.5M seed funding, seeks to advance no-fee options trading

Gatsby, a developer of a no-fee options trading platform, has raised $1.5M in seed funding. PitchBook spoke to CEO Jeff Myers to learn more.

Beyond Meat’s boom hits a snag with plans for secondary offering

Beyond Meat released a mostly positive earnings report, but its stock dropped sharply after the company announced a secondary offering less than three months after its IPO.

SoftBank looks to Apple, Microsoft and others as it launches Vision Fund II

SoftBank is investing $38 billion in its new mega-fund, and backing from a wide range of LPs—a list that could grow to include the government of Saudi Arabia—have pushed the vehicle’s size past that of its predecessor.

MoneyLion wrangles $160M to propel the future of fintech

Financial management platform provider MoneyLion has raised a $100 million Series C coupled with $60 million in previously unannounced funding.

Robinhood adds $323M to its quiver, soars to $7.6B valuation

Robinhood, a commission-free stock-trading platform provider, has raised a $323 million Series E with a self-reported $7.6 billion valuation.