Technology Private Placement and M&A Transactions Review Week Ending August 20, 2023

INRIX: The company received $70 million of development capital from Morgan Stanley Expansion Capital and Morgan Stanley Tactical Value on August 8, 2023. The company is a developer of an analytics platform intended to serve the mobility ecosystem by converting big data into valuable insights.

Tome: The company closed on $60 million of an undisclosed targeted amount of venture funding on August 9, 2023, putting the company’s pre-money valuation at $540 million. The company is a developer of a storytelling tool designed to reduce the time required for creating slides.

Simon: The company raised $54 million of Series D venture funding in a deal led by Macquarie Capital on August 8, 2023. .406 Ventures, Polaris Partners, F-Prime Capital and other undisclosed investors also participated in the round. The company is a developer of a customer data platform designed to empower marketers to build complex customer segments.

MindsDB: The company raised $46.5 million of Series A venture funding in a deal led by Benchmark, Mayfield Fund and nVentures on August 8, 2023. OpenOcean VC, NVIDIA, Walden Catalyst, TQ Ventures, Y Combinator, NVentures (Santa Clara), Tuck Lye Koh, Christopher Golda, Richard Dulude and other undisclosed investors also participated in the round. The company is a developer of predictive tools designed to help organizations apply machine learning to their data.

deepset: The company raised $30 million of venture funding in a deal led by Balderton Capital on August 9, 2023. GV, Harpoon Ventures, System.One, and Lunar Ventures also participated in the round. The company is a developer of a platform for building enterprise apps powered by large language models similar to ChatGPT.

Fizz: The company raised $25 million of Series B venture funding in a deal led by Owl Ventures on August 10, 2023. Ocgrow Ventures and New Enterprise Associates also participated in the round. The company is a developer of online social media software designed to allow communication and sharing of ideas, events, and experiences.

Ikigai Labs: The company raised $24.8 million of venture funding from undisclosed investors on August 18, 2023. The company is a developer of an artificial intelligence-charged spreadsheet platform designed to automate analytics workflows.

Thunder: The company raised $21.8 million of Series A1 venture funding in a deal led by Recognize Partners on August 7, 2023, putting the company’s pre-money valuation at $40 million. Salesforce Ventures also participated in the round. The company is an operator of an online data analysis platform designed to turn data into business outcomes.

DynamoFL: The company raised $15.1 million of Series A venture funding in a deal led by Nexus Venture Partners and Canapi Ventures on August 16, 2023. Soma Capital, Vojtech Jina, Tolga Erbay, Charu Jangid and other undisclosed investors also participated in the round. The company is a developer of a machine learning and analytics platform designed to simplify model training across privacy-critical datasets.

Voiceflow: The company raised $15 million of venture funding in a deal led by OpenView Venture Partners on August 15, 2023. Amazon Alexa Fund and 7 other investors also participated in the round. The company is a developer of an interactive design and development platform designed to assist developers in prototyping and building conversational interfaces.

Qortex: The company raised $8 million of venture funding from Silicon Road, GFT Ventures and other undisclosed investors on August 8, 2023. The company is a developer of on-stream software designed to help brands distribute premium video content.

FilterLabs.Ai: The company raised $6 million of venture funding in the form of convertible debt from undisclosed investors on August 7, 2023. The company is a developer of AI-powered tools designed to automate the ingestion and analysis of alternative data.

Lucid: The company raised $5.9 million of Series A venture funding in the form of convertible debt from Wistron, 17 Miles Technology and SBI Ven Capital on August 16, 2023. Red Building Capital, TSVC, S2 Capital, Lab360 Hardware Incubator and ArcheMatrix Ventures also participated in the round. The company is a developer of AI-based software designed to capture immersive experiences in virtual reality.

Gemini Sports Analytics: The company raised $5.8 million of venture funding from undisclosed investors on August 18, 2023. The company is a developer of a data management platform designed for making data-driven decisions in sports management.

Antares Audio Technologies: The company received an undisclosed amount of development capital from Atairos on August 16, 2023. The company is a developer of audio-based software products intended to serve the music industry.

Avid Technology / STG Partners: The company entered into a definitive agreement to be acquired by STG Partners through a $1.4 billion LBO on August 9, 2023. Avid Technology develops and sells software and hardware for digital media production and management.

Meltwater / Altor Equity Partners: The company was acquired by Altor Equity Partners and Marlin Equity Partners through a NOK 5.8 billion public-to-private LBO on August 9, 2023. Meltwater NV provides companies with a suite of solutions that spans media, social, consumer and sales intelligence.

GameAddik Network / BlackPines Capital Partners: The company, a subsidiary of ESE Entertainment  was acquired by BlackPines Capital Partners for CAD 9.1 million on August 16, 2023. The company is a developer of performance model technology software intended primarily for video game developers.

La Poche Bleue / Playmaker: The company was acquired by Playmaker (Media and Information Services for CAD 8.8 million on August 9, 2023. The company is an operator of a sports and entertainment company based in Montreal, Canada.

2Mee / Golden Rock Global: The company reached a definitive agreement to be acquired by Golden Rock Global through a reverse merger on August 17, 2023. The company is a developer of an instant human hologram messaging platform intended to use a face messaging system that generates human push notifications.

Ata Football / DAZN: The company was acquired by DAZN for an undisclosed amount on August 15, 2023. The company is an operator of a live broadcast and streaming platform intended to stream women’s football matches.

Barstool Sports / David Portnoy: The company, a subsidiary of PENN Entertainment, was acquired by David Portnoy on August 8, 2023 for an undisclosed amount. The company is an operator of a digital media company that produces content focused on sports, comedy and pop culture.

Cfx.re / Rockstar Games: The company was acquired by Rockstar Games, a subsidiary of Take-Two Interactive Software, for an undisclosed amount on August 11, 2023. The company is a developer of video games and entertainment experiences catering to players around the world.

Flavourworks / Telltale: The company was acquired by Telltale, via its financial sponsors Hiro Capital and MEP Capital, through an LBO on August 9, 2023 for an undisclosed amount. The company is a developer of a multi-platform gaming technology designed to blend the crafted intensity of cinema and live actors with the tactile immersion of gameplay.

Immersed / Maquia Capital Acquisition: The company reached a definitive agreement to be acquired by Maquia Capital Acquisition Corp through a reverse merger, resulting in the combined entity trading on the NASDAQ stock exchange under the ticker symbol AIMR as of August 8, 2023. The company is a developer of a virtual reality workspace platform intended to remove the barriers of remote work.