Technology Private Placement and M&A Transactions Review Week Ending July 31, 2023

AppHub: The company received $95 million of development capital from PSG on July 25, 2023. The financing is to be used for the acquisition of Boost Commerce. The company is a developer of online applications intended for e-commerce merchants.

Framer: The company raised $26.6million of venture funding from undisclosed investors on July 27, 2023. The company is a developer of an interactive design software designed to make interactive prototypes for ios, android, desktop, and the web.

AutogenAI: The company raised $22.3 million of venture funding from Blossom Capital on July 27, 2023. The company is a developer of AI-based tool designed to develop and write bidding proposals.

Contlo: The company is reportedly in the process of raising an estimated $13.5 million of series A funding from Premji Invest and other undisclosed investors as of July 27, 2023. The company is a developer of a customer relationship and data platform designed to build and deliver personalized customer experiences.

Aspinity: The company raised $10.7 million in Series B venture funding from TechNexus Venture Collaborative, Mountain State Capital and Bantam Group on July 25, 2023, putting the company’s pre-money valuation at $17 million. Stephen Candelmo also participated in the round. The company is a developer of neuromorphic all-analog signal-processing circuits designed to extract relevant data from the physical world.

Fitted: The company raised $8.5 million in Series A venture funding in a deal led by Capital Eleven on July 26, 2023, putting the company’s pre-money valuation at $20 million. EPIC Ventures and Handshake Ventures also participated in the round. The company is an operator of an AI-based brand and retailer connectivity software designed for predictive retail analysis.

Language I/O: The company raised $8 million in Series A venture funding from undisclosed investors on July 24, 2023, putting the company’s pre-money valuation at $30 million. The company is a developer of communication software designed to allow support teams to communicate with customers in any language.

Passage: The company raised $6 million of venture funding in a deal led by Akash Network on July 27, 2023. Cosmostation, Cosmos Network, Cogitent Ventures, Druid Ventures, Chorus One, and HyperChain Capital also participated in the round. The company is a developer of a virtual reality platform intended for building and connecting virtual and physical experiences.

Gaud-Hammer Gaming Group: The company raised $5.5 million of venture funding from undisclosed investors on July 25, 2023. The company is an operator of an esports gaming and entertainment agency intended to deliver entertaining products and services.

PlayStar: The company raised an undisclosed amount of venture funding from Glitnor Ventures on July 25, 2023. The company is an operator of an online gambling platform intended to provide an online

New Relic / Francisco Partners: New Relic Inc entered into a definitive agreement to be acquired by Francisco Partners and TPG through an estimated $6.5 billion public-to-private LBO on July 31, 2023. New Relic Inc is a provider of software analytics solutions for organizations to collect, store, and analyze massive amounts of software data in real-time.

Arrow International Media / Asacha Media Group: Arrow International Media was acquired by Asacha Media Group, via its financial sponsors Tikehau Capital and Oaktree Capital Management, through an LBO on July 27, 2023 for an undisclosed amount. Arrowhead International Media is a provider of film production services intended to deliver factual content.

Crossplag / Inspera: Crossplag was acquired by Inspera, via its financial sponsor CGE Partners, through an LBO on July 26, 2023 for an undisclosed amount. Crossplag is a developer of a web-based multi-lingual plagiarism detection software designed for educational institutions, businesses and individuals.

One Ring Networks / Earthlink: One Ring Networks, a subsidiary of Spot Mobile, was acquired by EarthLink, via its financial sponsors Dragon Global and Trive Capital, through an LBO on July 25, 2023 for an undisclosed amount. One Ring Network is a provider of telecommunications and networking services intended to meet the communication needs of business organizations.

one.network / Causeway Technologies: one.network entered into a definitive agreement to be acquired by Causeway Technologies, via its financial sponsors Five Arrows Principal Investments and Peugeot Invest, through an LBO on July 28, 2023 for an undisclosed amount. one.network is a developer of virtual traffic management software designed to plan, communicate and analyze road events through live satellite navigation updates.

RBmedia / H.I.G. Capital: RBmedia entered into a definitive agreement to be acquired by H.I.G. Capital through an LBO on July 25, 2023 for an undisclosed amount. RBmedia is a provider of audiobooks and digital media intended for consumer, retail, professional, school, library and infotainment markets.

ResoluteAI / Research Solutions: ResoluteAI was acquired by Research Solutions for an undisclosed amount on July 31, 2023. ResoluteAI is a developer of a research platform intended to search aggregated scientific, regulatory, and business databases simultaneously.

Roar Studios / Yuga Labs: Roar Studios reached a definitive agreement to be acquired by Yuga Labs for an undisclosed amount on July 31, 2023. Roar Studios is an operator of a student-run production house designed to focus on documentary film and event video production.

Silver Spoon Animation / AE Live: Silver Spoon Animation was acquired by AE Live, via its financial sponsor Inflexion Private Equity Partners, through an LBO on July 25, 2023 for an undisclosed amount. Silver Spoon Animation is a virtual production company that utilizes an end-to-end virtual production platform built on Unreal Engine.

Strengholt Music Group / CTM Outlander: Strengholt Music Group, a subsidiary of Strengholt Entertainment, was acquired by CTM Outlander for an undisclosed amount on July 28, 2023. Strengholt Music Group is a producer and publisher of music based in Naarden, Netherlands.