This week was a quiet one, in terms of funding activity. I am not completely surprised, since we had a higher-than-usual number of announcements in the last month. Crowdfunding will be a source of news for the upcoming future, as a few (successful) campaigns are coming to a close. As I shared last week, equity crowdfunding platforms are currently an important seed stage surrogate. I'll dive more into this in future issues of this newsletter.More this week: M&A activity not letting us down, everybody (still) worries about COVID-19, and some interesting research to keep you busy in a rainy day.Enjoy this issue!