Technology Private Placement and M&A Transactions Review Week Ending April 9, 2023

Covariant: The company raised $155 million of Series C venture funding in a deal led by Index Ventures and Radical Ventures on April 4, 2023. Gates Frontier, Northgate Capital, Amplify Partners, Industry Ventures, AIX Ventures, Temasek Holdings and CPP Investments also participated in the round. The company is a developer of AI-based robots and software designed for pick and place operations in warehouses and fulfilment centers.

Honeycomb: The company raised $50 million of Series D venture funding in a deal led by Headline on April 6, 2023. Insight Partners, Scale Venture Partners, Dominik Richter and Guillermo Rauch also participated in the round. The company is a developer of a full-stack observability software designed to debug complex systems.

Hootsuite: The company raised $44.5 million of venture funding in a deal led by Lionfish Capital on April 4, 2023. DT Unicorn Fund, Polaris Capital, Craft Ventures, Saints Capital and Barr & Co also participated in the round. The company is a developer of a social media management platform designed to help organizations in connecting with customers.

StayTuned: The company raised $34 million through a combination of equity and debt on April 6, 2023. $9 million of venture funding was provided by RiverPark Ventures and 10 other investors also participated in the round. $25 million of debt financing was led by Tacora Capital. The company is a developer of an e-commerce branding platform for online businesses.

4.screen: The company raised EUR 21 million of Series A venture funding in a deal led by S4S Ventures and Continental VC on April 4, 2023. Summiteer, BayBG Venture Capital, Bram Schot, and Matthias Müller also participated in the round. The company is a developer of a driver interaction platform that allows global and local brands to interact with drivers in real time via their car screens.  The platform uses in-car technology and unique data signals to provide drivers with contextual information about nearby businesses, including parking, restaurants or shops.

SetSail: The company raised $11 million of venture funding from Zoom Ventures and other undisclosed investors on April 6, 2023. The company is a developer of a sales behavior management platform intended to measure and reward deal progress using machine learning.

Enote: The company raised EUR 10 million of venture funding from European Innovation Council Fund, Dieter von Holtzbrinck Ventures and Fuchs Petrolub on April 4, 2023. The company is a developer of a digital sheet music application designed to give musicians instant access to a professional library of scores in a flexible digital format.

nyris: The company raised EUR 10 million of venture funding in a deal led by TRUMPF Venture and European Innovation Council Fund on April 3, 2023. Mucke Sturm & Company, IKEA, eCAPITAL entrepreneurial Partners, and SEK Ventures also participated in the round. The company is a developer of a visual search platform designed to find products and objects in images and videos.

CometChat: The company raised $5 million of venture funding in the form of convertible debt in a deal led by Zions Ventures on April 3, 2023. The company provides communication and chat software designed to enable voice, video, and text chat for website and mobile applications.

EdgeQ: The company raised an undisclosed amount of venture funding from 5G Ventures and other undisclosed investors on April 6, 2023. The company is a developer of 5G systems designed to offer converged connectivity and AI that is fully software-customizable and programmable.

PenPath: The company raised an undisclosed amount of venture funding from Gilead Group on April 7, 2023. The company is a developer of a data management and visualization platform intended to help marketers make data-driven decisions.

Shaw Communications / Rogers Communications: The company was acquired by Rogers Communications for CAD 26 billion on April 3, 2023. Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario.

Scopely / Savvy Gaming Group: The company entered into a definitive agreement to be acquired by Savvy Gaming Group and Saudi Arabia’s Public Investment Fund through a $4.9 billion LBO on April 6, 2023 for an undisclosed amount. The company is a developer of an interactive entertainment platform intended to create and publish a diverse portfolio of immersive content.

Nukkler / Three Gates: The company was acquired by Three Gates for EUR 6.5 million on April 5, 2023. The company is an operator of a game studio intended to create digital content from online media to games on platforms.

Contagious Gaming / VIP Bets: The company reached a definitive agreement to be acquired by VIP Bets, a subsidiary of HeadsUp Entertainment, for an undisclosed amount on April 5, 2023. Contagious Gaming develops and produces video game software solutions, including game application interface, payment systems interface, data feed handler, affiliate management, presentation layer and lottery markets.

Counter Logic Gaming / NRG Esports: The company was acquired by NRG Esports, via its financial sponsors Rock Gate Partners and Bulb Capital, through an LBO on April 6, 2023 for an undisclosed amount. The company is an operator of an e-sports gaming business based in Los Angeles, California.

Doinksoft / Devolver Digital: The company was acquired by Devolver Digital for an undisclosed amount on April 3, 2023. The company is a developer of video games and digital entertainment software.

Enteractive Media / Parsec Capital Acquisitions: The company was acquired by Parsec Capital Acquisitions for an undisclosed amount on April 3,2023. The company is a developer of interactive products for the gambling and entertainment industries.

Queens Gaming Collective / XSET: The company was acquired by XSET for an undisclosed amount on April 6, 2023. The company is an operator of a gaming lifestyle company for women in the gaming culture.

World Wrestling Entertainment / Endeavor: The company reached a definitive agreement to be acquired by Endeavor for $9.3 billion on April 3, 2023. World Wrestling Entertainment Inc develops and produces television programming, pay-per-view programming, and live wrestling events.

Yes Yes Media / SISTER: The company was acquired by SISTER for an undisclosed amount on April 4, 2023. The company is a provider of media and entertainment services based in Somerset, England.

ZAG Interactive / Marquis Software Solutions: The company was acquired by Marquis Software Solutions, via its financial sponsor Rockbridge Growth Equity, through an LBO on April 3, 2023 for an undisclosed amount. The company is a provider of website design and hosting services.