Strategy | Financing Highlight

 

Private Placement / Financing Transactions

 

thatgamecompany: The company raised $160 million of venture funding from TPG and Sequoia Capital on March 3, 2022. The company is a developer of interactive video games, including Sky, Journey, Flower and Flow.

Luminous: The company raised $105 million of Series A venture funding from Horsley Bridge Partners, Modern Venture Partners, and Alumni Ventures on March 3, 2022. Third Kind Venture Capital, GigaFund, Neo Innovation, Bill Gates, and 8090 Partners also participated in the round. The company is a developer of a photonics chip designed to handle workloads necessary for the artificial intelligence industry.

Gecko Robotics: The company raised $73.3 million of Series C venture funding in a deal led by XN on March 3, 2022, putting the company’s pre-money valuation at $459.7 million. Founders Fund, Drive Capital, XYZ-Ventures, Snowpoint Ventures, Joseph Lonsdale, Gokul Rajaram, and Mark Cuban also participated in the round. The company is a developer of robots designed to deliver comprehensive non-destructive testing and inspections of fixed assets.

Cesium: The company raised $60 million of Series B venture funding in a deal led by Airbus Ventures and Forever Ventures on March 1, 2022. Kleiner Perkins and other undisclosed investors also participated in the round. The company is a developer of a space communication system designed to address the performance requirements for satellite constellations.

Sanctuary AI: The company raised $58.5 million of Series A venture funding from Bell Canada, SE Health, and Verizon Ventures on March 2, 2022. Workday Ventures, Finning International, Magna Investments, Evok Innovations, and Export Development Canada also participated in the round. The company is a manufacturer of intelligent robots designed to serve as personal assistants.

Metadata: The company raised $40 million of Series B venture funding in a deal led by Next47 and Resolute Ventures on March 1, 2022. Mana Ventures, Gaingels, Jason Calacanis, Erik Matlick, Brian Cooper, Megan Yen, Mark Organ, and Gary Nakamura also participated in the round. The company is a developer of a marketing data analytics platform designed to streamline and scale demand generation.

AssemblyAI: The company raised $28 million of Series A venture funding in a deal led by Accel on March 4, 2022. Y Combinator, Nat Friedman, Daniel Gross, Patrick Collison, and John Collison also participated in the round. The company is a developer of a speech recognition system designed to automate audio transcriptions.

Disco Technology: The company raised $20 million of Series A venture funding in a deal led by Felicis Ventures on March 4, 2022. Shopify, Vibe Capital, Not Boring Capital, RiverPark Ventures, Indicator Ventures, Sugar Capital, Bessemer Venture Partners, and other undisclosed investors also participated in the round. The company is a developer of a co-op widget that permits merchants to show their customers the next thing they need right after the first purchase.

Level AI: The company raised $20 million of Series B venture funding in a deal led by Battery Ventures on March 3, 2022. Eniac Ventures and Village Global also participated in the round. The company is a developer of an artificial intelligence platform designed for businesses to automate workflows and support every customer interaction for every team member for any given marketing channel.

Pedago: The company raised $15 million of venture funding from Elephant Partners on March 1, 2022. The company is a developer of an education platform intended to improve the effectiveness of online education through interaction.

ZERO: The company raised $12 million of Series A venture funding in a deal led by Streamlined Ventures on March 1, 2022. Gutbrain Ventures, PBJ Capital, 468 Capital, AiSprouts, AltaIR Capital, S16, Paul Grewal, and other investors also participated in the round. The company is a developer of an artificial intelligence-powered software designed to automate time-consuming administrative tasks.

Inworld AI: The company raised $10 million of venture funding in a deal led by BITKRAFT Ventures on March 3, 2022. Kleiner Perkins, CRV, The Venture Reality Fund, Kevin Lin, Yat Siu, Nate Mitchell, Sebastien Borget, and Marc Merrill also participated in the round. The company is a developer of an AI-based platform designed to populate immersive realities including the metaverse, VR/AR, games, and virtual worlds.

Music Vine: The company raised GBP 4.6 million of Series A venture funding from undisclosed investors on March 1, 2022. The company is a developer of a music and clips platform designed to democratize music licensing and make it straightforward to find the right tracks.

Bonnet: The company raised GBP 4 million of venture funding in a deal led by Lightspeed Venture Partners on March 2, 2022. GV, The Twenty Minute VC, Will Shu, Jon McNeill, Lawrence Leuschner, Navid Hadzaad Javaherian, and Joe Falter also participated in the round. The company is a developer of an EV charging point platform designed to provide access to a network of charging points in the UK.

Opendorse: The company raised $5 million of venture funding through a combination of debt and equity from undisclosed investors on February 28, 2022. The company is a developer of an open endorsement platform intended to scale up athletes’ social media campaigns.

OK Wiki: The company raised an undisclosed amount of venture funding from AltaIR Capital on March 1, 2022. The company is a developer of a team collaboration and knowledge management platform intended to create a workspace for knowledge professionals.

Sprig: The company raised an undisclosed amount of venture funding from Lift Ventures in March 2022. The company is a developer of a continuous research platform intended to help companies solve business challenges by providing continuous, real-time customer insights at every stage of the sale process.

UserZoom: The company raised an undisclosed amount of venture funding from Thoma Bravo on March 2, 2022. The company is a developer of an all-in-one UX research platform designed to be used for getting qualitative and quantitative user experience insights.

 

M&A Transactions

 

Nuance Communications / Microsoft: The company was acquired by Microsoft for $20 billion on March 4, 2022. Nuance Communications Inc provides a wide range of conversational AI platforms and technologies.

Wurl / AppLovin: The company reached a definitive agreement to be acquired by AppLovin for an estimated $430 million on February 28, 2022. The company is a developer of a cloud-based online video programming platform intended to offer all the worldwide videos in one network.

Industrial Media / Sony Pictures Television: The company reached a definitive agreement to be acquired by Sony Pictures Television, a subsidiary of Sony Pictures Entertainment, for $350 million on March 4, 2022. The company is an operator of productions businesses intended to develop entertainment content.

Parabellum Media / Intema Solutions: The company, a subsidiary of Amuka Ventures, which is a subsidiary of YDx Innovation, was acquired by Intema Solutions on February 28, 2022. The company is a provider of professional e-sports training and content, dedicated to giving Canadian esports players and content creators opportunities to gain competitive experience.

Altec / Beyond Limits: The company was acquired by Beyond Limits for an undisclosed amount on March 2, 2022. The company is an operator of document management software based in Laguna Hills, California.

Bandcamp / Epic Games: The company was acquired by Epic Games for an undisclosed amount on March 2, 2022. The company is a developer of a music publishing platform designed to discover and buy music.

Catalytic / PagerDuty: The company reached a definitive agreement to be acquired by PagerDuty for an undisclosed amount on March 2, 2022. The company is a developer of a cloud automation platform designed to improve the way business processes and teams work.

GameDuell / Mobile Premier League: The company was acquired by Mobile Premier League for an undisclosed amount on February 28, 2022. The company is a developer of an online gaming platform designed to provide casual and social online games for free.

Knocommerce / WeCommerce Holdings: The company reached a definitive agreement to be acquired by WeCommerce Holdings for an undisclosed amount on March 2, 2022. The company is a developer of a survey platform designed to offer actionable customer insights and data collection for eCommerce businesses.

Kompyte / SEMrush: The company reached a definitive agreement to be acquired by SEMrush for an undisclosed amount on February 28, 2022. The company is a developer of a competitive intelligence software designed to provide competitors’ online strategies in real-time.

Microdesk / Symetri: The company was acquired by Symetri (CAD Software), a subsidiary of Addnode Group, for an undisclosed amount on March 1, 2022. The company is a developer of engineering, product design, and media software intended to improve workflows and integrate project delivery technologies.

Onestream Networks / CallTower: The company was acquired by CallTower for an undisclosed amount on March 3, 2022. The company is a provider of cloud voice hub services focused on helping enterprises achieve digital transformation.

Packetized Energy / EnergyHub: The company was acquired by EnergyHub, a subsidiary of Alarm.com Holdings, for an undisclosed amount on March 1, 2022. The company is a developer of an energy flexibility platform.

Paladin Software / Brandwatch: The company reached a definitive agreement to be acquired by Brandwatch, a subsidiary of Cision Group, on March 2, 2022 for an undisclosed amount. The company is a developer of a creator management platform designed to streamline the process of creator relationship management.

Ring of Honor Wrestling / All Elite Wrestling: The company, a subsidiary of Sinclair Broadcast Group, reached a definitive agreement to be acquired by All Elite Wrestling for an undisclosed amount on March 2, 2022. The company is an operator of a wrestling franchise based in Maryland, United States.

Tunity / iSpot.tv: The company was acquired by iSpot.tv for an undisclosed amount on March 2, 2022. The company is a developer of an audio streaming mobile application created for the out-of-home TV experience and to improve the way brands engage with consumers.

Tx3 Services / Tricentis: The company was acquired by Tricentis for an undisclosed amount on February 28, 2022. The company is a developer of a compliance and audit platform designed to comply with electronic records and signatures regulations.

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Silverwood Partners Team
Jonathan Hodson-Walker
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T: 508-651-2194
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Managing Director
T: 508-651-2194

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