Private Market Funding Continues To Increase

This was an active weekend for private market fundraising.  Four companies on our Triton Research IPO Watchlist are reportedly close to capital raises at a valuation of over $10 billion.  This extends the recent theme in tech of companies raising money privately instead of going public.

Uber is in talks with new and existing investors to raise at least $1bn in equity at up to a $25bn valuation.  This comes after Uber received $1.2bn in funding in June that valued the company at $17bn.

Flipkart Internet is close to raising a round of funding that values the company at more than $10bn.  This is Flipkart’s third financing this year, after it raised $1bn in July at a valuation of $7bn and raised $210m in May at a valuation of $3bn.  It is not clear how much Flipkart is seeking to raise or who the investors are, but some existing investors are said to be participating.

Xiaomi is raising $1.5bn at a valuation of between $40bn and $50bn.  This will be the company’s fifth fundraising exercise.  One of the investors is said to be DST Global.

Snapchat is close to a deal that would value the company at $10-12bn.  Potential investors include Yahoo, Kleiner Perkins Caufield & Buyers, and others.

The Triton Research IPO Watchlist is a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 102 companies organized by investment theme.