Technology Private Placement and M&A Transactions Review Week Ending May 21, 2023

Eagle Eye Networks: The company raised $100 million of venture funding from SECOM on May 17, 2023. The company is a developer of cloud-based video surveillance products designed to offer business intelligence.

Union: The company raised $19.1 million of Series A venture funding from New Enterprise Associates and Nava Ventures on May 17, 2023. The company is a developer of an automation platform designed to build a user-focused operating system for multi-cloud environments.

Eleven Labs: The company raised $18.5 million through a combination of Series A-1 and Series A-2 venture funding from Andreessen Horowitz and other undisclosed investors on May 8, 2023. The company is a developer of voice dubbing tools designed to automatically dub videos and podcasts into other languages.

XL8: The company raised $11 million of Series A venture funding from undisclosed investors on May 18, 2023. The company is a developer of an artificial intelligence-powered machine translation engine for the media industry.

Darvis: The company is reportedly in the process of raising $10 million of venture funding on May 17, 2023, putting the company’s pre-money valuation at $75 million. The company is a developer of an artificial intelligence (AI)-powered asset management platform designed to provide businesses with real-time insights and analytics on their physical assets and operations.

Bluestacks: The company raised an undisclosed amount of venture funding from NTT Docomo Ventures and Megazone Cloud on May 18, 2023. The company is a developer of an emulator software designed to offer the possibility to play Android games on a personal computer (PC).

GPR: The company raised an undisclosed amount of Series A venture funding in a deal led by Rhapsody Venture Partners on May 18, 2023.. The company is a developer of a self-driving vehicle navigation system designed to navigate autonomous vehicles.

Virtualitics: The company raised an undisclosed amount of venture funding from Citigroup on May 18, 2023. The company is a developer of an advanced analytics platform intended to make business decisions.

Angstrom Sports / Entain: The company reached a definitive agreement to be acquired by Entain for $200 million on May 19, 2023. The company is a developer of sports forecasting and data analytics platform designed to facilitate pricing for sports betting.

Bet2day Sportwetten / Orenes grupo: The company was acquired by Orenes Grupo for EUR 14 million on May 17, 2023. The company is an operator of a sports betting company based in Upper Austria.

Nightdive / Atari: The company reached a definitive agreement to be acquired by Atari for $10 million on March 22, 2023. The company is a developer of three-dimensional video games designed to help users experience gameplay on mobile and computer devices.

Avnio / Loopio: The company was acquired by Loopio, via its financial sponsors Barton Technology Ventures and Sumeru Equity Partners, through an LBO on May 17, 2023 for an undisclosed amount. The company is a developer of business knowledge center platform intended to focus on consolidating all business knowledge in one central library.

Callin / Rumble: The company was acquired by Rumble for an undisclosed amount on May 15, 2023. The company is an operator of a social podcasting platform intended to create, discover and consume live and recorded audio content in one place.

Comhear / WiSA Technologies: The company reached a definitive agreement to be acquired by WiSA Technologies for an undisclosed amount on May 15, 2023. The company provides AI-enabled, adaptive audio technology.

futpost / Outdoorsmen: The company was acquired by Outdoorsmen for an undisclosed amount on May 17, 2023. The company is an operator of a soccer social marketplace based in Englewood, Colorado.

Gaming Hive / HeadsUp Entertainment: The company reached a definitive agreement to be acquired by HeadsUp Entertainment for an undisclosed amount on May 17, 2023. The company is an operator of a fundraising and gaming platform through Software as a Service based in the United Kingdom.

GolfLynk.com / Outdoorsmen: The company was acquired by Outdoorsmen for an undisclosed amount on May 17, 2023. The company is an operator of a golf channel based in Delray Beach, Florida.

Keepeek / Papirfly Group: The company was acquired by Papirfly Group, via its financial sponsors Verdane and Lean Venture, through an LBO on May 16, 2023 for an undisclosed amount. The company is a developer of digital asset management software designed to standardize and automate businesses’ marketing processes and streamline digital media management.

LastMileXchange / Connectbase: The company was acquired by Connectbase for an undisclosed amount on May 15, 2023. The company is a developer of web-based tools intended to offer software, products and solutions for B2B telecom operators and cloud service providers.

LifeSize / Enghouse Systems: The company reached a definitive agreement to be acquired by Enghouse Systems for $20.7 million via a prepackaged bankruptcy process on May 17, 2023. The company is a developer of cloud-based video collaboration and meeting productivity solutions.