Technology Private Placement and M&A Transactions Review Week Ending December 17, 2023

TOPdesk: The company entered into a definitive agreement to receive EUR 200 million of development capital from CVC Capital Partners on December 12, 2023. The company is a developer of a SaaS-based service management software intended to improve customer communication, manage workflows and keep track of assets.

Allstar: The company raised $14.7 million of Series A venture funding in a deal led by Drive Capital on December 12, 2023. Overwolf, Studio VC, J-Ventures, 10X Capital, Aleka Capital, North 50 Venture Capital, Alumni Ventures, New York Angels and Mark Cuban also participated in the round. The company is a developer of a video gaming platform.

Qualiti: The company raised $7.7 million of venture funding in a deal led by Sierra Ventures on December 13, 2023, putting the company’s pre-money valuation at $12 million. EPIC Ventures, Towerview Ventures, and Alumni Ventures also participated in the round. The company is a developer of an artificial intelligence-powered platform designed to test software products with no human input.

AdPipe: The company raised $6 million of Series A venture funding from undisclosed investors on December 11, 2023, putting the company’s pre-money valuation at $30 million. The company is an operator of a video marketing platform that helps marketers create, distribute, and track custom motion graphics built from existing videos.

AirConsole: The company raised an undisclosed amount of venture funding from KPIT Technologies on December 11, 2023. The company is a developer of a video game console platform.

Attentive: The company is in the process of raising venture funding from InfoEdge Ventures, Vertex Ventures Southeast Asia & India and Surge on December 14, 2023. The company is a developer of geospatial analytics software intended to provide a monitoring platform to governments and commercial institutions.

Cybus: The company raised an undisclosed amount of venture funding from TeamViewer and other undisclosed investors on December 13, 2023. The company is a developer of software-based connectivity systems intended to manage the data flow between various parties.

Dedrone: The company raised an undisclosed amount of venture funding from Shield Capital in December 2023. The company is a developer of a counter-drone technology platform.

Northwest Analytics: The company received an undisclosed amount of development capital from Embrace Software on December 13, 2023. The company is a developer of Manufacturing Intelligence and SPC software solutions to effectively manage and improve plant processes in manufacturing enterprises and supply chains.

RTL Nederland / DPG Media Group: The company, a subsidiary of RTL Group, reached a definitive agreement to be acquired by DPG Media Group, a subsidiary of Stichting Democratie en Media, for EUR 1.1 billion on December 15, 2023. The company is a provider radio and television broadcasting services catering in the Netherlands.

The Multiplayer Group / Keywords Studios: The company, a subsidiary of Improbable, was acquired by Keywords Studios for GBP 76.5 million on December 17, 2023. The company is a game development sudio specialized in providing fully scalable server-client architecture, synchronous and asynchronous peer-to-peer networking and live operations for multiplayer gaming companies.

Fotonation / Tobii: The company, a subsidiary of Xperi, reached a definitive agreement to be acquired by Tobii for $45 million on December 13, 2023. The company is a developer of digital photography connectivity software based in San Jose, California.

3Victors / Airline Tariff Publishing: The company was acquired by Airline Tariff Publishing for an undisclosed amount on December 12, 2023. The company is a developer of a big data travel technology platform designed to provide airline revenue managers, travel marketers, and financial analysts real-time travel data analytics.

AtomicJar / Docker: The company was acquired by Docker for an undisclosed amount on December 11, 2023. The company is a developer of an integration testing platform designed to build tools that enable developers to build databases and web frameworks for automated testing.

Below the Fold / Zette: The company was acquired by Zette for an undisclosed amount on December 11, 2023. The company is a developer of a browser plug-in designed to allow acces to digital news behind article paywalls.

Cadeera / CommerceHub: The company was acquired by CommerceHub, via its financial sponsors Insight Partners and GTCR, through an LBO on December 12, 2023 for an undisclosed amount. The company is a developer of an artificial intelligence based semantic search engine.

Entertainment / Kigo: The company, a subsidiary of Cardlytics, was acquired by Kigo for an undisclosed amount on December 12, 2023. The company is a developer of digital mobile applications designed to provide marketing and distribution of discount offers and promotions.

Flux Software Engineering / Harman International Industries: The company was acquired by Harman International Industries, a subsidiary of Samsung Electronics, for an undisclosed amount on December 11, 2023. The company is a developer of  intuitive and technically innovative audio software tools for digital audio processing.

Koji / Linktree: The company was acquired by Linktree for an undisclosed amount on December 14, 2023. The company is an operator of a content creation platform intended to create interactive social media posts, games, and web applications.

Nash Renewables / TotalEnergies: The company was acquired by TotalEnergies for an undisclosed amount on December 12, 2023. The company is a developer of data-driven AI solutions for the post-subsidy renewable energy industry.

Orion / Modaxo: The company was acquired by Modaxo for an undisclosed amount on December 11, 2023. The company is a developer of a real-time mobile communication platform designed to improve workforce productivity, safety and compliance, and customer engagement.

Skuid / Nintex: The company entered into a definitive agreement to be acquired by Nintex, via its financial sponsors SeaTown Holdings International, Thoma Bravo, TPG, Updata Partners, Olam Capital and AustralianSuper, through an LBO on December 12, 2023 for an undisclosed amount. The company operates a no-code cloud application development platform.

Timesys / Lynx Software Technologies: The company was acquired by Lynx Software Technologies for an undisclosed amount on December 12, 2023. The company is a developer of open-source software security systems, development tools, and engineering services.