Strategy | Financing Highlight

Private Placement / Financing Transactions

9 Count: The company raised $27.5 million of venture funding from GGV Capital, Crosscut Ventures and Progression Fund on August 23, 2022. Waverley Capital, Greycroft, Signia Venture Partners, I2BF Global Ventures and other undisclosed investors also participated in the round. The company is an operator of an application development studio intended to offer an array of community platforms for authentic expression.

ATLAS Space Operations: The company raised $26 million of Series B venture funding in a deal led by Mitsui & Company on August 25, 2022. Revolution/ROTR, VCapital, Beringea, Harmonix Fund, Grand Ventures, Wakestream Ventures, Boomerang Catapult and Northern Michigan Angels also participated in the round. The company is a developer of space management and control software designed to optimize satellite communications.

DrivenIQ: The company raised $15 million of Series A venture funding led by Capstone Technologies Group and other undisclosed investors on August 24, 2022, putting the company’s pre-money valuation at $60 million. The company is a developer of data intelligence technology designed to drive showroom traffic to the automotive industry.

Opendorse: The company raised $15 million of Series 1 venture funding from Invest Nebraska and other undisclosed investors on August 22, 2022. The company is a developer of an open endorsement platform intended to scale up the social media campaigns of athletes.

Qloo: The company raised $15 million of Series B venture funding in a deal led by AXA Venture Partners and Eldridge on August 23, 2022. The company is a developer of an artificial intelligence-based cultural platform designed to predict the taste of an audience.

Myplanet Digital: The company raised $13 million of venture funding from Business Development Bank of Canada and Tercera on August 22, 2022. The company is a developer of a software studio designed to create digital experience platforms.

Sustainment: The company raised $12 million of Series A venture funding in a deal led by Unless Management on August 24, 2022. Alumni Ventures and Victorum Capital Club also participated in the round. The company is an operator of connectivity platform designed to connect manufacturing vendors to suppliers and build secure, resilient networks.

Dryad: The company raised EUR 10.5 million of Series A venture funding in a deal led by eCAPITAL on August 23, 2022. Semtech, Time Ventures, Data Tech Fund and Toba Capital also participated in the round. The company is a developer of an IoT technology designed to help prevent damage caused by wildfires.

Dimagi: The company raised $10 million of venture funding from undisclosed investors on August 22, 2022. The company is a developer of open-source software platform intended for frontline workers to collect accurate data and deliver effective services.

Clarity: The company raised $9.6 million of Series A+ venture funding in a deal led by Kickstart Ventures, and Amasia on August 23, 2022, putting the company’s pre-money valuation at $25.4 million. Spero Ventures, Soundproof Ventures, Hax Incubator, Groundswell Ventures, Toy Ventures, Heroic Ventures, LAUNCH Fund, The Syndicate (United States), Volta Circle, and other undisclosed investors also participated in the round. The company is a developer of an air pollution monitoring and management system designed to measure and act on environmental data.

Headroom: The company raised $9 million of venture funding in a deal led by Equal Opportunity Ventures on August 25, 2022. Gradient Ventures, LDV Capital, AME Cloud Ventures, Morado Ventures and 10X Capital also participated in the round. The company is a developer of a virtual communication application designed to improve meetings through quantifying “real-time meeting energy” by analyzing video, audio and text from attendees, and tracking eye movements and hand and head poses.

Sequel: The company raised $8 million of Series A venture funding in a deal led by Javelin Venture Partners on August 24, 2022. Alumni Ventures, Great Oaks Venture Capital, Struck Capital, Social Leverage, V1.vc and Growth Warrior Capital also participated in the round. The company is a developer of a live branding platform designed to power virtual connections, hybrid live events, and elevated networking.

Stratosphere Games: The company is in the process of raising venture funding in a deal led by Riot Games, 1Up Ventures, and Skycatcher on August 22, 2022. The company is an operator of a game development studio intended to provide quality games on mobile devices and other platforms.

Txtsmarter: The company raised an undisclosed amount of Series A venture funding in a deal led by Carofin on August 26, 2022. The company is a provider of communications surveillance service intended to capture and archive previously inaccessible data from text messaging and social media platforms.


M&A Transactions

Micro Focus International / OpenText UK Holding: The company reached a definitive agreement to be acquired by OpenText UK Holding, a subsidiary of OpenText, for GBP 6 billion on August 25, 2022. Micro Focus International is an enterprise software company.

Bossa Studios / TinyBuild: The company was acquired by TinyBuild for $3 million on August 26, 2022. The company is an operator of a gaming development studio intended to create diverse and inclusive games.

Digsite / QuestionPro: The company was acquired by QuestionPro for an undisclosed amount on August 25, 2022. The company is a developer of a market research platform designed to provide a flexible way to source customer insights and information.

Fresno / Marginal Mediaworks: The company was acquired by Marginal Mediaworks for an undisclosed amount on August 24, 2022. The company is a developer of high-quality content and entertainment videos.

GVIDI / Simply TV: The company was acquired by Simply TV for an undisclosed amount on August 22, 2022. The company is a provider of EPG and metadata solutions catering to TV operators, broadcasters, movie databases, listing providers and content owners.

Insightleap / Ecliptic Ideas: The company was acquired by Ecliptic Ideas for an undisclosed amount on August 26, 2022. The company is a developer of SaaS eCommerce analytics platform catering to brands and agencies.

KonvertLab / Taktical: The company was acquired by Taktical for an undisclosed amount on August 24, 2022. The company is an operator of Web3 and SaaS growth marketing agency based in Miami, Florida.

NBC Sports Group / Monumental Sports & Entertainment: The company reached a definitive agreement to be acquired by Monumental Sports & Entertainment for an undisclosed amount on August 23, 2022. The company is a provider of television broadcasting services based in Stamford, Connecticut.

Parcel / Customer.io: The company was acquired by Customer.io for an undisclosed amount on August 23, 2022. The company is a developer of an email coding platform based in the United States.

Pinpin Team / Azur Games: The company was acquired by Azur Games for an undisclosed amount on August 23, 2022. The company is a developer of mobile games.

TouchLynk / GG8 Sports: The company was acquired by GG8 Sports for an undisclosed amount on August 23, 2022. The company is an operator of sports analytics platform intending to help athletes achieve peak performance levels and provide coaches with immediate feedback of game analysis.

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