Strategy | Financing Highlight
“Three to five years ago, the big strategics were sprinkling money around, but you are now seeing more focus from them,” said Jonathan Hodson-Walker, managing partner of Silverwood Partners, an investment banking firm that advises CPG brands. “The strategics are still making minority investments, but they are less interested in buying small brands that are experimental and can’t be $100M businesses. Supply chains and scale are very important to them right now.”
Silverwood Partners Features in Organic Insider – Read the article here

Private Placement / Financing Transactions

Overtime: The company raised $100 million of Series D venture funding in a deal led by Liberty Media and Counterpoint Global on August 9, 2022, putting the company’s pre-money valuation at $500 million. Formula One, Sirius XM Radio, Live Nation Entertainment, Blackstone, Sapphire Ventures, Kevin Durant, Drake, Morgan Stanley, Winslow Capital Management, Bezos Expeditions, and other undisclosed investors participated in the round. The company is a promoter of high school sports leagues and a social media publisher of sports content with 65 million social followers and 2 billion monthly video views.

Boulevard: The company raised $70 million of Series C venture funding in a deal led by Point72 Ventures on August 10, 2022. Bonfire Ventures, Index Ventures, BoxGroup, Toba Capital and VMG Partners also participated in the round. The company is a developer of an intelligent scheduling platform that allows business owners and professionals to deliver personable experiences to their clients through online appointment scheduling, messaging, and payments.

Gunzilla Games: The company raised $46 million of venture funding in a deal led by Republic Capital on August 9, 2022. Raptor Technology Group, Animoca Brands, KuCoin Labs, Huobi, NGG B.V., Jump Crypto, AlphaCrypto Capital, Digital Strategies, Morningstar Ventures, Coinfund, Shima Capital, GSR Ventures, Gamegroove Capital, Dominance Ventures, Brotherhood Capital, Griffin Gaming Partners, Justin Kan, Blizzard Partners, Spartan Investment Group, and other undisclosed investors also participated in the round. The company is a developer of immersive video games and publishes Off The Grid (OTG), a Battle Royale 2.0 set in a dystopian cyberpunk future.

Superblocks: The company raised $37 million of venture funding in a deal led by Kleiner Perkins, Greenoaks Capital Partners and Spark Capital on August 11, 2022. Howie Liu, Andrew Ofstad, Jeff Lawson, Jason Warner, Frederic Kerrest, Neha Narkhede, Akshay Kothari, James Tamplin, Apoorva Mehta, Maxwell Mullen, Avlok Kohli, Taylor Brown, Aaron Levie, Jeremy Stoppelman, Tom Gonser, Javier Molinar, Sam Blond, Dustin Lawler, Aneel Bhusri and other undisclosed investors also participated in the round. The company is a developer of tools to build apps, workflows and jobs connected to enterprise data sources, and build apps like database admin panels and order management screens with business logic, integrating data from databases, internal APIs and third parties.

FullStory: The company raised $25 million of venture funding from undisclosed investors on August 9, 2022. The company is a developer of a web and mobile analytics platform built to offer customer and digital experience analytics data.

Wire: The company raised EUR 23 Million of Series C venture funding in a deal led by Cipio Partners and Iconical on August 12, 2022. Unternehmertum Venture Capital Partners and other undisclosed investors also participated in the round. The company provides the Wire end-to-end encrypted messaging app that allows secure talk with other people using text messages, photos, videos and voice messages, and rooms.

Canvass: The company raised $18.7 million of Series A venture funding in the form of equity and debt in a deal led by Yamaha Motor Ventures & Laboratory Silicon Valley on August 9, 2022. Real Ventures, Viaduct Ventures, BDC Capital, Ankit Jain, Export Development Canada, and Canada Economic Development for Quebec Regions also participated in the round. The company is a developer of automation software designed for the industrial workforce using AI.

Classifyit: The company raised $17.5 million of Series B venture funding in a deal led by Bertelsmann India Investments on August 9, 2022, putting the company’s pre-money valuation at $70 million. Blume Ventures and Chiratae Ventures India Advisors also participated in the round. The company is a developer of enterprise software designed to create an operations platform for intelligent data classification.

Jiminny: The company raised $16.5 million of Series A venture funding in a deal led by Kennet Partners on August 11, 2022. The company is a developer of a conversation intelligence platform designed to create a culture of coaching and collaboration to support high growth.

Mercury: The company raised $15.6 million of venture funding from Capital Holdings and Collab+Currency on August 10, 2022. The company is a provider of white-label, entity-branded platforms intended to help brands strategically enter the NFT and digital collectible space as long-term partners.

Equalum: The company raised $14 million of Series C venture funding from Springtide Ventures on August 8, 2022. The company is an operator of a data beaming platform designed to teleport data in real-time from any source to any target.

ConverseNow: The company raised $10.5 million of venture funding from undisclosed investors on August 10, 2022. The company is a developer of a communication platform designed to connect restaurants with their customers through the use of artificial intelligence.

WRKSHP: The company raised $10.3 million of venture funding in the form of convertible debt from undisclosed investors on August 8, 2022. The company is an operator of a game development studio intended to design and publish social and music-based games for entertainment purposes.

Ramani: The company raised $10.1 million of venture funding from undisclosed investors on August 9, 2022. The company is a developer of an application platform designed for salespeople to track inventory, register their customers, and record their sales transactions.

Orca: The company raised $7.8 million of venture funding from undisclosed investors on August 9, 2022. The company is a developer of tools designed to give users a clean and easy-to-use UI to create and approve proposals within a small working group.


M&A Transactions

Axios Media / Cox Enterprises: The company was acquired by Cox Enterprises for $525 million on August 8, 2022. The company is a publisher of news and media focused on currrent affairs and analysis.

Axivion / QT Group: The company reached a definitive agreement to be acquired by QT Group for EUR 32 million on August 11, 2022. The company is a developer of a software preservation suite designed to provide innovative software solutions for static code analysis.

Web 3.0 Holdings / Looking Glass Labs: The company reached a definitive agreement to be acquired by Looking Glass Labs for $3.2 million on August 9, 2022. The company is a developer of a software platform designed for solving infrastructure challenges within Web3 environments.

Advanced Magnetic Interaction / BIC: The company reached a definitive agreement to be acquired by BIC for an undisclosed amount on August 10, 2022. The company is a developer of augmented interaction technology that allows natural handwriting on a display with high accuracy and low latency, together with unique 3D capabilities and interaction with electronic devices.

Arinc / Mirion Technologies: The company, a subsidiary of Collins Aerospace, was acquired by Mirion Technologies for an undisclosed amount on August 9, 2022. The company is a provider of communications, engineering and systems-integration services intended to serve multiple industries, including aviation, transportation, power, security, government and aerospace.

Cardinality / Elisa Polystar: The company was acquired by Elisa Polystar for an undisclosed amount on August 9, 2022. The company is a developer of a data analytics platform designed to make enterprise-grade data analytics and AI available to organizations of all sizes.

Conference Scheduling Solutions / MeetMax: The company was acquired by MeetMax, a subsidiary of TWST Events, for an undisclosed amount on August 9, 2022. The company is a developer of a suite of scheduling tools designed to help conference participants make valuable connections at an event.

helloignite! / Forsta: The company was acquired by Forsta, a subsidiary of Press Ganey Associates, for an undisclosed amount on August 9, 2022. The company is a developer of an employee collaboration platform designed to collect, share and manage innovative ideas, projects and business cases across distributed teams.

jazzed / FanTracks: The company was acquired by FanTracks for an undisclosed amount on August 9, 2022. The company is an operator of a music streaming platform intended to offer a curated catalogue of jazz and blues music to listeners.

LimeSpot / Pantastic: The company was acquired by Pantastic for an undisclosed amount on August 12, 2022. The company is a developer of a content personalization technology designed to transform the consumer buying experience.

Ziggeo / Kargo Global: The company was acquired by Kargo Global for an undisclosed amount on August 8, 2022. The company is a cloud-based video technology SaaS company that provides asynchronous video APIs, mobile SDKs and tools to deliver enterprise-grade WebRTC capabilities.

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