Large pre-IPO company news, Capital raise highlights – Nov 11, 2022

Pre-IPO news for the week of Nov 11, 2022.

Last weeks secondary market index performance coming out tomorrow.

Large pre-IPO company news;
– FTX and BlockFi file for bankruptcy.
– Revolut is profitable and launches messaging feature, Revolut Chat.
– Epic Games releases Unreal Engine 5.1.
– Chime lays off 12% of staff.

Capital raise highlights for the week;
– Xanadu (www.xanadu.ai), an AI cloud based quantum computer company, posts a unicorn valuation of $1.0b.
– Limehome (www.limehome.com), a digital first European hotel network, 246% valuation increase.
– Getaway (www.getaway.house), a nature-focused tiny house rental company, musters up a flat round.

Aaron Dillon is the general partner of the AG Dillon Pre-IPO Equity Venture Capital Fund. AG Dillon & Co is a venture capital asset manager and publisher of the AG Dillon Pre-IPO Indexes.