Technology Private Placement and M&A Transactions Review Week Ending December 11 2022

Sonatus: The company raised $75 million of Series A2 venture funding in a deal led by Hon Hai Precision on December 7, 2022, putting the company’s pre-money valuation at $240 million. The company is a developer of a software-defined vehicle platform designed to encompass vehicle and cloud-based software solutions for in-vehicle infrastructure management, data management, and automation.

Runway: The company raised $50 million of Series C venture funding in a deal led by Felicis Ventures on December 5, 2022, putting the company’s pre-money valuation at $450 million.Coatue Management, Madrona Venture Group, Lux Capital, Amplify Partners, Compound, Guillermo Rauch, Amjad Masad, Howie Liu, Lukas Biewald, Jay Simons, Soumith Chintala and other undisclosed investors also participated in the round. The company is a developer of creative tools that use artificial intelligence and machine learning to easily in-paint, green screen and motion track video.

Slingshot Aerospace: The company raised $39.8 million through a combination of debt and Series A2 venture funding on December 6, 2022, in a deal led by Sway Ventures with participation from C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners, Saturn Five and Draper Associates. The company is a developer of a space simulation and analytics platform designed for complex environments.

GameOn Technology: The company raised $35 million of Series B venture funding in a deal co-led by Mighty Capital, B3 Capital, and Mirae Asset Venture Investment on December 5, 2022. Quest Venture Partners, GreatPoint Ventures, Mark Attanasio, Jim Davidson, and other investors also participated in the round. The company is a developer of a conversational application designed to connect users to relevant content and provide real-time responses to their queries.

Elastic Path: The company received $30 million of development capital led by Sageview Capital and other existing investors on December 7, 2022. The company is a developer of an API-based enterprise commerce software designed to offer a personalized and unified buying experience for customers.

Loft Dynamics: The company raised CHF 18.8 million of Series A venture funding in a deal led by Craft Ventures, Up! Accelerator and Sky Dayton on December 5, 2022, putting the company’s pre-money valuation at an estimated CHF 32.5 million. The company is a developer of virtual reality simulators intended to assist in the training of helicopter pilots.

Heretto: The company raised $17 million of Series A1 venture funding from undisclosed investors on December 5, 2022, putting the company’s pre-money valuation at $32 million. The company is a developer of a component content management system designed to facilitate collaboration and dynamic publishing.

Smule: The company raised $14.2 million of venture funding from undisclosed investors on December 6, 2022. The company is a developer of a social singing app that provides access to millions of karaoke songs and lets users connect and sing with friends or others anywhere in the world.

Expeto: The company raised $12 million of Series B venture funding in a deal led by Sorenson Capital on December 6, 2022. Mistral Venture Partners, Evok Innovations, Lavrock Ventures, Samsung NEXT Ventures and 5G Open Innovation Lab also participated in the round. The company is a developer of a private mobile networking platform designed to help enterprises control and manage networks.

Hyros / Banzai: The company has entered into a definitive agreement to be acquired by Banzai International, via its financial sponsor Global Emerging Markets, through a $110 million LBO on December 8, 2022 for an undisclosed amount. The company is a developer of a cloud-based ad-tracking platform designed to make it easy for online businesses to understand their sales data and make profitable decisions.

Banzai / 7GC & Co. Holdings: The company reached a definitive agreement on December 8, 2022, to be acquired by 7GC & Co. Holdings (NASDAQ: VII) (“VII”), a publicly-traded special purpose acquisition company, that will result in Banzai becoming a publicly traded company. The company is a developer of an event marketing platform designed to enable marketers to drive revenue through engagement marketing solutions.

CognitiveScale / Tecnotree: The company reached a definitive agreement to be acquired by Tecnotree  for an undisclosed amount on December 9, 2022. The company is a developer of a machine augmented intelligence software designed to interpret multi-structured big data and user behaviors.

Global Savings Group / Pepper Media Holding: The company reached a definitive agreement to be acquired by Pepper Media Holding for an undisclosed amount on December 7, 2022. The company is an operator of a digital shopping rewards platform designed to help brands, advertisers, and retailers reach shoppers.

Helpshift / Keywords Studios: The company reached a definitive agreement to be acquired by Keywords Studios for an undisclosed amount on December 5, 2022. The company is an operator of a customer engagement platform intended to handle customer conversations.

intentX / Ad.net: The company was acquired by Ad.net, via its financial sponsors Clarion Capital Partners and Five Points Capital, through an LBO on December 7, 2022 for an undisclosed amount. The company is a developer of an engagement-based monetization platform designed to infer user intent and monetize through engaging offers at scale.

Isos Technology / MajorKey Technologies: The company was acquired by MajorKey Technologies, via its financial sponsors Onex Falcon, Parabellum Capital and The Acacia Group, through an LBO on December 8, 2022 for an undisclosed amount. The company is a provider of IT-managed services intended for customers across the public and private sectors.

Passenger / Fremantle: The company was acquired by Fremantle for an undisclosed amount on December 6, 2022. The company is an operator of a television content and production company.

Pixelynx / Animoca Brands: The company was acquired by Animoca Brands for an undisclosed amount on December 6, 2022. The company is a developer of a direct-to-avatar gaming platform designed to create a bridge between digital collectibles, gaming, and virtual worlds.

Sonar / Aave: The company reached a definitive agreement to be acquired by Aave for an undisclosed amount on December 5, 2022. The company is a developer of an online social platform intended to provide an entertaining collection of playable 3D avatars.

SOPRISM / Audiense: The company reached a definitive agreement to be acquired by Audiense for an undisclosed amount on December 5, 2022. The company is an operator of social behavior analytical tool designed for social profiling solutions building.