Strategy | Financing Highlight
Private Placement / Financing Transactions
Swiftly: The company raised $100 million through Series B venture funding in a deal led by Wormhole Capital on March 8, 2022, putting the company’s pre-money valuation at an estimated $730 million. First Star Ventures, Liquid 2 Ventures, Bramalea Partners, Gaingels, Silicon Ventures, PROOF fund, Western Technology Investment, Sand Hill Angels, and Martin Family Foundation also participated in the round. The company is a developer of a digital platform designed to empower retailers to grow sales and build loyalty.
Customer.io: The company raised an estimated $84.9 million through Series A venture funding from Republic Capital New York, Spectrum Equity, Oregon Venture Fund, Dawn Capital, and other undisclosed investors on March 8, 2022, putting the company’s pre-money valuation at $700 million. The company is a developer of a versatile marketing automation tool designed for sending relevant messages based on behavior across web and mobile products.
BirdEye: The company raised $60 million of Series C venture funding in a deal led by Accel-KKR on March 10, 2022. The company is a developer of an enterprise platform designed to improve customer experiences.
InstaFreight: The company raised $40 million of Series B venture funding through a combination of equity and convertible debt in a deal led by Heliad Equity Partners on March 9, 2022. European Investment Bank and other undisclosed investors also participated in the round. The company is a provider of logistics services intended to improve overland transport.
Slingshot Aerospace: The company raised $34.6 million of Series A1 venture funding in a deal led by ATX Venture Partners on March 7, 2022. Okapi Venture Capital, Revolution, AIM13 CV Partners, Techstars, Keith Masback, Gregory Mead, and three more investors also participated in the round. The company is an operator of a situational intelligence platform intended to provide a customizable service to navigate, analyze, and leverage data from earth and space.
Canal: The company raised $22.5 million through Series A funding from undisclosed investors on March 8, 2022, putting the company’s pre-money valuation at $92 million. The company is a developer of a sales platform intended to promote D2C brand sales.
100ms: The company raised $20 million of Series A venture funding in a deal led by Alphawave Incubation Fund on March 11, 2022, putting the company’s pre-money valuation at an estimated $83.5 million. STRIVE, Matrix Partners India, LocalGlobe, and Accel also participated in the round. The company is a developer of a video conferencing platform designed to integrate live video and audio conferencing into applications.
LifeScore: The company raised GBP 11 million of Series A venture funding in a deal led by Octopus Ventures on March 7, 2022. Warner Music Group, IDEO, 4-Good Ventures, and Metaplanet Holdings also participated in the round. The company is a developer of musical software designed to generate original, bespoke, and adaptive music in real-time.
Voxel Safety: The company raised $14.5 million of Series A venture funding from undisclosed investors on March 8, 2022, putting the company’s pre-money valuation at $50 million. The company is a developer of a computer vision and AI solution designed to bring real-time visibility and insights to clients’ operations.
EveryoneSocial: The company raised $13 million of venture funding from EPIC Ventures, Next Frontier Capital, and Crane Group on March 10, 2022. The company is a developer of employee advocacy software designed to help employees become brand ambassadors for their company.
Upstream: The company raised $12.5 million of Series A venture funding in a deal led by Boldstart Ventures on March 9, 2022. Tiger Global Management, VaynerFund, Fenbushi Capital, Panoramic Ventures, Alpaca VC, Blumberg Capital, The Medici Groups, Human Ventures, Ibex Investors, and other undisclosed investors also participated in the round. The company is a developer of an online platform designed to grow professional networks.
Headgum: The company raised $10 million of Series A venture funding from Union Square Ventures, GoodFriends, and Craft Ventures on March 8, 2022, putting the company’s pre-money valuation at $41 million. Vertical Venture Partners, Animal Capital, Calm Ventures, Gaingels, and Riverside Ventures also participated in the round. The company is an operator of a comedy podcast network intended to help offer entertainment through audiocasts.
CaliberMind: The company raised $8.3 million of Series A venture funding from undisclosed investors on March 9, 2022, putting the company’s pre-money valuation at $21 million. The company is a developer of a B2B buyer intelligence platform intended to help companies realize the full potential of their sales, marketing, and customer data.
Skillr: The company raised $6.2 million of Series A venture funding from SternAegis Ventures and other undisclosed investors on March 7, 2022, putting the company’s pre-money valuation at $40 million. The company is a developer of one-on-one video chatting software intended to provide skill-sharing sessions for help and entertainment.
Feathr: The company raised $5 million of venture funding from undisclosed investors on March 7, 2022. The company is a developer of an online digital marketing platform designed to provide advertising alternatives helping businesses grow, engage, and monetize their audiences.
M&A Transactions
EdgeCast Networks / Limelight Networks: The company, a subsidiary of Yahoo, reached a definitive agreement to be acquired by Limelight Networks for $300 million on March 7, 2022. The company is a provider of media content delivery services intended for cloud security and video streaming.
Synchronoss Technologies / IQmetrix: IQmetrix entered into a definitive agreement to acquire the digital experience platform and activation solutions of Synchronoss Technologies for $14 million on March 8, 2022. The company is an operator of a digital experience and activation solutions platform based out of Bridgewater, New Jersey.
MobyGames / Atari: The company, a subsidiary of GameFly, was acquired by Atari on March 9, 2022. The company is a provider of information and database services intended to serve the video game industry.
8th Wall / Niantic: The company was acquired by Niantic for an undisclosed amount on March 11, 2022. The company is a developer of an augmented reality developer platform designed to merge the physical and digital worlds.
Cudoo / Edusity: The company was acquired by Edusity for an undisclosed amount on March 11, 2022. The company is a developer of online education software designed to deliver a unique way of learning and culture connection through language learning innovation in multiple languages.
DirecTech Labs / DirectScale: The company was acquired by DirectScale for an undisclosed amount on March 9, 2022. The company is a developer of a customer data analytics platform designed to help engage and retain direct selling to micro-entrepreneurs around the world.
HyperWorld / Individual Investor: The company was acquired by Mr. Eric Elan for an undisclosed amount on March 7, 2022. The company is a provider of media research services catering to TV and radio operators.
Kapp Communications / IPFone: The company was acquired by IPFone for an undisclosed amount on March 7, 2022. The company is a provider of telecommunication and IT solutions intended to serve small, medium, and large-sized businesses.
Mood Messenger / Calldorado: The company was acquired by Calldorado for an undisclosed amount on March 7, 2022. The company is a developer of an instant messaging application designed to help users communicate over text messages.
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