Strategy | Financing Highlight

Private Placement / Financing Transactions

Amagi: The company raised $95 million of venture funding in a deal led by Accel on March 16, 2022, putting the company’s pre-money valuation at $905 million. Avataar Venture Partners and Norwest Venture Partners also participated in the round. The company is an operator of an end-to-end cloud-managed live and on-demand video infrastructure intended to offer television broadcasting and advertising services.

Cresta: The company raised $80 million of Series C venture funding in a deal led by Tiger Global Management on March 17, 2022, putting the company’s pre-money valuation at $1.5 billion. Genesys, Five9, Zoom Video Communications, CarMax, and JPMorgan Chase also participated in the round. The company is a developer of an artificial intelligence platform designed to scale and improve the quality of customer service.

Jaigantic Studios: The company closed on $52 million of Series A venture funding on March 15, 2022. The company is an operator of an entertainment studio intended to provide film production services.

ChannelEngine: The company raised $50 million of Series B venture funding in a deal led by Atomico on March 15, 2022. Airbridge Equity Partners, Inkef Capital, General Catalyst, and Stephan Schambach also participated in the round. The company is a developer of a cloud-based multichannel platform designed to integrate with marketplaces to sell products.

Perlego: The company raised $50 million of Series B venture funding in a deal led by Mediahuis Ventures on March 15, 2022. Raine Ventures, Evli Growth Partners, Jamie Brooker, and Johan Brand also participated in the round. The company is an operator of an online library of academic resources and tools intended to provide textbook services for learners around the world.

Ramen VR: The company raised $35 million of Series B venture funding in a deal co-led by Dune Ventures and Anthos Capital on March 17, 2022. Makers Fund, Andrew Chen, and James Gwertzman also participated in the round. The company is a developer of virtual reality computer gaming software intended to offer massively multiplayer online role-playing games.

Nanotronics: The company raised $30.6 million of venture funding from undisclosed investors on March 14, 2022, putting the company’s pre-money valuation at $700 million. The company is a developer of robotic industrial microscopic devices designed to improve industrial image inspection and analysis.

RightBound: The company raised $24.4 million of Series A venture funding in a deal led by Innovation Endeavors on March 16, 2022. Operator Collective, Zachary Weinberg, Nathaniel Turner, Gil Shklarski, and IBI Tech Fund also participated in the round. The company is a developer of a sales augmentation platform designed to automate and streamline sales processes.

Ursa Space Systems: The company raised $16.2 million of venture funding from undisclosed investors on March 17, 2022. The company is a provider of geospatial data and analytics services intended to gather data from radar satellites.

AllSeated: The company raised $15 million of venture funding from Magma Venture Partners, Vestech Partners, and WGG Capital on March 15, 2022. Trinity Capital and other undisclosed investors also participated in the round. The company is a developer of a cloud-based event planning platform intended to offer event planning tools to save time and streamline planning.

Conveyer: The company raised $14 million through Series A of venture funding from HearstLab and other undisclosed investors on March 14, 2022, putting the company’s pre-money valuation at $30 million. The company is a developer of a document virtualization platform designed to transform document manuals into adx manuals.

Gabb Wireless: The company raised $13.3 million of Series A1 venture funding from undisclosed investors on March 16, 2022, putting the company’s pre-money valuation at $76 million. The company is an owner of a mobile virtual network operator intended for kids’ safe tech.

MoBagel: The company raised $13 million of Series A+ venture funding from Wistron, Xi’an Jiaotong University, and SparkLabs Group on March 17, 2022. China Development and Innolux Fund, Jinku Capital USI Capital, and other undisclosed investors also participated in the round. The company is a developer of predictive intelligence analysis software intended to convert raw IoT data directly to actionable insights.

iTutor: The company raised $12.2 million of venture funding from undisclosed investors on March 14, 2022. The company is a developer of a virtual online teaching platform designed to offer online tutoring, homework help, and exam preparation.

Metaverse Game Studios: The company raised $10 million of venture funding in a deal led by Animoca Brands, Everyrealm, Solana Ventures, and Pantera Capital on March 14, 2022. Ancient8, RainMaker, Muhabbit Capital, OKX Blockdream Ventures, Mechanism Capital, Morningstar Ventures, Huobi Ventures, and Shima Capital also participated in the round. The company is an operator of a blockchain game development studio intended to provide a cross-platform gaming service.

Ava: The company raised $10 million of venture funding from undisclosed investors on March 17, 2022. The company is a developer of a threaded speech-to-text application designed to bring deaf and hard-of-hearing people back into group conversations.

FreedomFi: The company raised an amount of $9.5 million of Series A venture funding from Acequia Capital on March 15, 2022. The company is an operator of a 5G firm intended for helping customers build cost-efficient private LTE or 5G networks using open standards.

Woebot Health: The company raised $9.5 million of venture funding from Leaps by Bayer on March 15, 2022. The company is a developer of an AI-powered chatbot designed to deliver cognitive behavior therapy and other forms of clinically validated therapies at scale.

Protégé: The company raised $8.5 million of venture funding in a deal led by Sequoia Capital, Will Smith, Lionel Richie, Jason Alexander, and DJ Khaled on March 15, 2022. TQ Ventures, Steven Galanis, Matthew Maloney, Tony Xu, and Brian Barnes also participated in the round. The company is a developer of an audition platform intended to provide access to musician and performer opportunities in media and entertainment.

Contingent: The company raised GBP 6 million of venture funding in a deal led by Octopus Ventures on March 16, 2022, putting the company’s pre-money valuation at GBP 22.8 million. Seedcamp, Ascension (UK), Connect Ventures, Concentric, Scala Ventures, Working Capital, and other undisclosed investors participated in the round. The company is a developer of an artificial-intelligence-powered enterprise platform designed to reduce the burden of collecting, verifying, and monitoring supply chain risk data.

Holo|One: The company raised $8 million of Series A venture funding in a deal led by Micron Ventures on March 16, 2022. Lenovo Capital and Incubator Group, Redstone Digital, Verve Ventures, and Forefront Venture Partners also participated in the round. The company is a developer of an augmented reality platform intended to provide a standardized AR solution for businesses.

Virtual Gurus: The company raised $5.4 million of Series A venture funding in a deal led by Telus on March 15, 2022. Raven Indigenous Capital Partners and The 51 Ventures also participated in the round. The company is an operator of a virtual assistant talent place intended to match businesses and entrepreneurs with onshore freelancers using a proprietary algorithm.

Nexstem: The company raised an undisclosed amount of venture funding from Info Edge, Maninder Gulati, and BITS Spark Angels on March 17, 2022. Other undisclosed investors also participated in the round. The company is a developer of a brain-computer interface technology designed to focus on mind-controlled robotic devices.

PatchXR: The company raised an undisclosed amount of venture funding from Serpentine Ventures and other undisclosed investors on March 15, 2022. The company is a developer of a VR authoring tool designed to explore immersive musical experiences.

Popscreen Games: The company raised an undisclosed amount of Series A venture funding from Garena Ventures on March 15, 2022. The company is an operator of a mobile game studio located in Paris, France.


M&A Transactions

Krunch / Mobile Streams: The company was acquired by Mobile Streams for GBP 765 million on March 18, 2022. The company is a developer of cloud-based tool intended to help brands translate complex data into accessible patterns of insight.

Raxium / Alphabet: The company reached a definitive agreement to be acquired by Alphabet for $1 billion on March 16, 2022.. The company is a developer of a holographic display technology designed to seamlessly fuse the digital and physical worlds.

Matrox Imaging / Zebra Technologies: Zebra Technologies entered into a definitive agreement to acquire the Matrox Imaging business, Matrox Electronic Systems, for $875 million on March 15, 2022. The company is a developer of software solutions and products intended for top OEMs and integrators involved in the machine vision, image analysis, and medical imaging industries.

Tebex / Overwolf: The company was acquired by Overwolf for $29 million on March 15, 2022. The company is a developer of an open-source platform designed for game developers and publishers.

Simflofy / Objective Corporation: The company reached a definitive agreement to be acquired by Objective Corporation for an undisclosed amount on March 15, 2022. The company is a developer of a content and data integration platform designed to combine structured and unstructured data in one platform.

Creative Edge Software / Hybrid Software Group: The business and assets related to iC3D of Creative Edge Software was acquired by Hybrid Software Group for $4 million on March 14, 2022. The company is a developer of real-time design software intended for 3D virtual mockups.

Amplify / Chapel: The company was acquired by Chapel for an undisclosed amount on March 15, 2022. The company is an operator of a music platform intended to distribute and launch music albums.

Bigfoot Web / Peak Seven: The company was acquired by Peak Seven for an undisclosed amount on March 14, 2022. The company is an operator of a digital development ad agency intended for both B2C and B2B customers.

Fierce Kaiju / XR Games: The company was acquired by XR Games for an undisclosed amount on March 18 2022. The company is an operator of a game development agency for mobile and virtual reality games.

Kayzr / Sportizon: The company was acquired by Sportizon, a subsidiary of Golazo Group, for an undisclosed amount on March 16, 2022. The company is a provider of an online gaming platform designed to organize competitions in e-gaming.

Muze / Mode Analytics: The company was acquired by Mode Analytics for an undisclosed amount on March 17, 2022. The company is a provider of media information solutions.

Phantom Producer / Gemini XIII: The company was acquired by Gemini XIII for an undisclosed amount on March 14, 2022. The company is a provider of an audio imaging service based in New York, United States.

Redstone Interactive / Offworld Industries: The company was acquired by Offworld Industries for an undisclosed amount on March 17, 2022. The company is an operator of a game development studio.

RisingHigh Academy / Homa Games: The company was acquired by Homa Games for an undisclosed amount on March 15, 2022. The company is an operator of a game development academy for creators to build hyper-casual games.

SPARQUE / Intershop Communications: The company was acquired by Intershop Communications for an undisclosed amount on March 16, 2022. The company is an operator of a search engine intended to serve the e-commerce industry.

Categories

Archives