Strategy | Financing Highlight

Private Placement / Financing Transactions

VidMob: The company raised $110 million of Series D venture funding led by Shamrock Capital Partners on August 17, 2022, putting the company’s pre-money valuation at $390 million. ID Fund, Drive by DraftKings, Swingbridge, Transformation Ventures, Herington LLC, JettyCove, PROOF Fund, and eGateway Capital also participated in the round. The company is an operator of a full-stack creative platform designed to assist brands to create digital video advertisements with expert teams.

Pliops: The company raised $100 million of Series D venture funding in a deal led by Koch Disruptive Technologies on August 17, 2022. Alicorn, SK Hynix, Lip-Bu Tan, Western Digital Technologies, Intel Capital, SoftBank Ventures Asia, Advanced Micro Devices, Expon Capital, Viola Ventures and Nvidia also participated in the round. The company is a developer of cloud storage processor technology designed to improve storage processors for cold storage and database applications.

Gorgias: The company raised $30 million of series C venture funding in a deal led by Transpose Platform Management and Shopify on August 15, 2022, putting the company’s pre-money valuation at $680 million. CRV, Alven Capital Partners, SaaStr, and Sapphire Ventures also participated in the round. The company is a developer of multi-channel helpdesk platform designed for e-commerce businesses to manage all customer support in one application.

Modulate: The company raised $30 million of Series A venture funding by Lead Lakestar on August 16, 2022. Hyperplane Venture Capital, Everblue Management, Galaxy Interactive and other undisclosed investors also participated in the round. The company is a developer of voice modulation software designed to provide customizable voice skins for games.

Cornelis Networks: The company raised $29.5 million of Series B1 and B2 venture funding in the form of combination of debt and equity from Downing Ventures, IAG Capital Partners and undisclosed investors on August 18, 2022. The company is a developer of purpose-built, high-performance communications networks for leading scientific, commercial, and government organizations.

Omni: The company raised $26.9 million of Series A venture funding in a deal led by Redpoint Ventures on August 08, 2022, putting the company’s pre-money valuation at an estimated $100 million. First Round Capital, GV, and other undisclosed investors also participated in this round. The company is a developer of an online platform designed for next-generation business intelligence and data analytics.

Solsten: The company raised $21.8 million of Series B venture funding in a deal led by Konvoy Ventures on August 18, 2022. Dentsu Ventures and 6 other investors also participated in the round. The company is a developer of a customer engagement platform designed to understand, locate, retain, and monetize users.

GrayMatter Robotics: The company raised $20 million of Series A funding led by Bow Capital on August 16, 2022. B Capital Group, Calibrate Ventures, OCA Ventures, Pathbreaker Ventures, Stage Venture Partners, Swift Ventures, and 3M Ventures also participated in the round. The company is a developer of industrial robots designed for high-mix, low-volume manufacturing applications.

NorthBeam: The company raised $17.6 million of Series A venture funding in a deal led by Silversmith Capital Partners on August 17, 2022. The company is a developer of marketing intelligence system designed to provide DTC brands with a holistic view of customer activity.

Sync Computing: The company raised $15.5 million of Series A venture funding through a combination of debt and equity in a deal led by Costanoa Ventures on August 16, 2022. The Engine, Moore Strategic Ventures, National Grid Partners, Satyen Sangani, Ron Avnur, and Rebecca Li also participated in this round. The company is a developer of an optimization processing unit designed to transform the way developers navigate cloud infrastructure.

Phyllo: The company raised $15 million of Series A venture funding in a deal led by RTP Global on August 17, 2022. Nexus Venture Partners, Better Capital, and iSeed Ventures also participated in the round. The company is a developer of data gateway software intended to access creator data directly from the source platforms.

Fliff: The company raised $14.9 million of venture funding from Nene Crossing and other undisclosed investors on August 15, 2022. The company is a developer of a cashback gaming platform designed for sports bettors with real cash prizes, rewards, badges, and more social rewards to celebrate success.

Connect&GO: The company raised CAD 17.2 million of Series A venture funding in a deal led by Financière Outremont on August 17, 2022. Gestal and Carey Group, Canvass, Pascal Reynaud, Alphonse Bélanger, and Finalta Capital also participated in the round. The company is a developer of a smart, wearable RFID and integrated entertainment attractions management technology that integrates eCommerce, point-of-sale, food & beverage, RFID access control and cashless payments using a Virtual Wallet.

Mobot: The company raised $12.5 million of Series A venture funding in a deal led by Cota Capita on approximately August 15, 2022. Heavybit, Uncorrelated Ventures, Bling Capital, and Primary Venture Partners also participated in the round. The company is a developer of an end-to-end mobile QA system designed to test native mobile and mobile web applications.

Explo: The company raised $12 million in Series A funding led by Craft Ventures on August 16, 2022. Felicis Ventures, Uncommon Capital, Amplo, and other undisclosed investors also participated in the round. The company is an operator of a data exploration and analysis platform designed to connect directly to data sources.

Copperpod Digital: The company raised $10 million of venture funding led by KFC Ventures and other undisclosed investors on August 18, 2022. The company is an operator of a digi-tech platform intended to help businesses advertise and grow on Web3.0.

Movius: The company raised around $8.4 million of venture funding from undisclosed investors on August 15, 2022. The company is a developer of cloud-based, secure mobile communication software intended to help enterprises to deliver improved engagement for their clients by extending and integrating voice, text, and messaging services into other systems, like CRM or collaboration tools.


M&A Transactions

Barstool Sports / Penn National Gaming: The company reached a definitive agreement to be acquired by Penn National Gaming for $387 million on August 17, 2022. The company is an operator of a digital media company that produces content focused on sports, comedy and pop culture.

Exmox / Aonic: The company was acquired by Aonic for $100 million on August 18, 2022. The company is a provider of advertising services for the gaming industry that blend a network of direct publishing sources with data-driven campaigns to create targeted advertising solutions.

Caselex / LexisNexis Group: The company was acquired by LexisNexis Group, a subsidiary of RELX Group, for an undisclosed amount on August 17, 2022. The company is a developer of merger control intelligence platform catering to lawyers, CA’s, courts, competition authorities and companies.

Codeverse / Nerdy: The company was acquired by Nerdy for an undisclosed amount on August 15, 2022. The company is a developer of an education technology platform designed to teach children coding.

FreedomFi / Helium: The company was acquired by Helium for an undisclosed amount on August 18, 2022. The company is an operator of an open 5G mobile network leveraging open source software, flexible spectrum, blockchain, and community participation to increase access, expand coverage, and lower costs for users.

Glimpse Analytics / FireBolt: The company was acquired by FireBolt for an undisclosed amount on August 18, 2022. The company is a developer of retail analytics software designed to capture data from any existing CCTV (closed-circuit television) camera.

Julep / Liberated Syndication: The company acquired Liberated Syndication for an undisclosed amount on August 16, 2022. The company is a developer of booking software designed to match podcasters with advertisers.

Limited Run Games / Embracer Freemode Iconic Holding: The company reached a definitive agreement to be acquired by Embracer Freemode Iconic Holding Inc., a subsidiary of Embracer Group, for an undisclosed amount on August 18, 2022. The company is a global collector-focused publisher of physical video games with established direct-to-consumer channels, and owns the development technology Carbon Engine that ports retro games to modern platforms.

Marsview / Eltropy: The company was acquired by Eltropy for an undisclosed amount on August 17, 2022. The company is a developer and provider of a full suite conversation intelligence API platform that is built on advanced AI, Computer Vision, Natural Language Understanding and Machine Learning technologies to deconstruct a conversation into transcripts, topics, sentiments and other insights to help sales and service reps have conversations with customers.

Planck Aerosystems / AeroVironment: The company was acquired by AeroVironment for an undisclosed amount on August 17, 2022. The company is a developer and provider of embedded software intended for drone autonomy and mobility.

Tripwire Interactive / Saber Interactive: The company reached a definitive agreement to be acquired by Saber Interactive, a subsidiary of Embracer Group, for an undisclosed amount on August 18, 2022. The company is a developer and publisher of computer games based in Roswell, Georgia.

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