Private equity firm Thoma Bravo is acquiring Medallia, a provider of software that lets companies gather feedback from customers and employees that went public two years ago, for $6.4 billion. The market in which Medallia competes, known as customer experience software, has seen growing interest as more companies have shifted to doing business online during the pandemic. But Medallia’s...
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Tiger Global, Alkeon Slash Startup Valuations Amid Public Stock Selloff
For more than a year, startup founders have watched in awe and some trepidation as hedge funds and other large investors flooded private startups with big checks, pushing up valuations and making it easier than ever to raise money. Those freewheeling days may be numbered as a sell-off in public tech stocks bleeds into the startup world. Among the examples of change: Investors are starting to...
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