Technology Private Placement and M&A Transactions Review Week Ending April 2, 2023

Hygraph: The company raised EUR 27.6 million of Series B venture funding in a deal led by One Peak Partners on March 29, 2023. SquareOne, Peak, OpenOcean VC, and Boris Lokschin also participated in the round. The company is a developer of a content management system designed to build infrastructure for digital products.

Perplexity: The company raised $25.6 million of Series A1 venture funding in a deal led by New Enterprise Associates on March 28, 2023, putting the company’s pre-money valuation at $100 million. Databricks Ventures, Paul Buchheit, Elad Gil and 8 other investors also participated in the round. The company is a developer of an artificial intelligence-based search engine platform designed to provide large language models and search engines.

Parloa: The company raised EUR 20 million of Series A venture funding in a deal led by EQT Ventures on March 30, 2023. Newion Investments and Senovo also participated in the round. The company is a developer of a conversational artificial intelligence platform intended for building automated dialogs with the help of machine learning.

TROOP: The company raised EUR 10 million of Series B venture funding in a deal led by Durable Capital Partners and Madrona Venture Group on March 30, 2023. Conexo Ventures and All Iron Ventures also participated in the round. The company is a developer of an event planning platform designed to organize effective global meetings and events strategies for teams.

Deep Render: The company raised EUR 5.8 million of Series A venture funding in a deal led by Pentech Ventures and IP Group on March 29, 2023. The company is a developer of AI-based video and image compression technology.

Stay AI: The company raised $5.4 million of venture funding from Propeller Industries, York IE, and RiverPark Ventures on March 30, 2023. Vanterra Ventures, BFG Partners, Watchfire Ventures, Monogram Capital Partners, and Barrel Ventures also participated in the round. The company is a developer of a comprehensive analytical tool intended to grow subscription revenue using AI technology.

SwingVision: The company raised $5 million of venture funding from undisclosed investors on March 27, 2023. The company is a developer of a mobile A.I. platform intended for real-time, automated shot tracking, officiating, and video analysis for tennis.

Carbonated: The company raised an undisclosed amount of venture funding from Blocore in approximately April 2023. The company is an operator of a mobile game studio intended to develop person-vs-person games with real-time gaming experience.

Pavlov Media: The company received an undisclosed amount of development capital from Macquarie Asset Management on March 28, 2023. The company is a provider of broadband and television services to apartments, homes, businesses and communities across the United States and Canada.

Talk360: The company raised an undisclosed amount of venture funding from First Circle Capital on March 27, 2023. The company is a developer of a mobile communication application designed to let users make low-cost international landline and mobile calls.

Videolity: The company raised an undisclosed amount of venture funding from Forward VC in approximately April 2023. The company is a provider of real-time AI metadata for video intended to help businesses to better utilize their video content.

Zaelab: The company received an undisclosed amount of development capital from Superstep Capital on March 28, 2023. The company is a provider of digital commerce consultancy services intended to offer digital transformation services to enterprise brands.

TruGolf / Deep Medicine Acquisition: The company reached a definitive agreement to acquire Deep Medicine Acquisition through a reverse merger, resulting in the combined entity trading on the NASDAQ Stock Exchange under the ticker symbol TRUG on March 31, 2023. The company is a developer of a simulation engine intended to offer a realistic simulation experience to golf enthusiasts.

7digital / Songtradr: The company was acquired by Songtradr for GBP 19.4 million on March 30, 2023. 7digital Group PLC is a business-to-business digital music and radio services company.

SocialWave / Beaconsmind: The company reached a definitive agreement to be acquired by Beaconsmind for EUR 10 million on March 31, 2023. The company is a provider of telecommunications and marketing services catering to large corporate customers.

Twilio IoT Business / KORE Wireless Group: The company, a unit of Twilio  reached a definitive agreement to be acquired by KORE Wireless Group for $10 million on March 27, 2023. The company is a provider of communication software intended to offer internet of things solutions.

Fluentify / Voxy: The company was acquired by Voxy for an undisclosed amount on March 27, 2023. The company is an operator of an online language tutoring platform that enables learners to improve their spoken English.

House of Cool / WildBrain: The company reached a definitive agreement to be acquired by WildBrain for an undisclosed amount on March 28, 2023. The company is a provider of pre-production services for feature films and television series.

Photomath / Alphabet: The company was acquired by Alphabet for an undisclosed amount on March 28, 2023. The company is a developer of a calculator application designed to solve mathematical equations and problems in real-time.

Reborn / Movify: The company was acquired by Movify for an undisclosed amount on March 30, 2023. The company is a provider of UI/UX development services intended for mobile and web applications, based in Chalon-sur-Saône, Luxembourg.

The Gadget Flow / The Crowdfunding Formula: The company was acquired by The Crowdfunding Formula for an undisclosed amount on March 30, 2023. The company is an operator of an original product discovery platform intended for staying up to date with the latest tech, gear, and crowdfunding projects.

With Labs / Mystery: The company was acquired by Mystery for an undisclosed amount on March 28, 2023. The company is a developer of a remote working platform designed to stay connected throughout the day with colleagues, friends, and family.