Technology Private Placement and M&A Transactions Review Week Ending Feb 16, 2025

Groq: The company is in the process of raising $1.5 billion of venture funding from undisclosed investors on February 11, 2025. The company is a developer of an artificial intelligence interface technology designed for computing speed, quality, and energy efficiency.

QuEra: The company raised $230 million of Series B venture funding from Rakuten Group, Constructor Capital and Google AI Quantum on February 11, 2025. Sabancı Ventures, SoftBank Investment Advisers, Valor Equity Partners, Frontiers Capital, Day One Ventures, FinTech Ventures Fund, Carbide Ventures, Safar Partners, Greentown Labs, Paul Maritz, Serguei Beloussov, QVT Family Office and Sophomore Ventures also participated in the round. The company is a developer of advanced neutral-atoms-based quantum computers.

Uscreen: The company received $150 million of development capital from PSG on February 13, 2025. The company is a developer of an OTT platform for video creators designed to launch paid memberships that include live streaming, communities, and apps.

fal: The company raised $49 million of Series B venture funding in a deal led by Notable Capital on February 12, 2025. Andreessen Horowitz, Kindred Ventures, First Round Capital, and Bessemer Venture Partners also participated in the round. The company provides a platform for generative media, offering advanced inference solutions for AI-powered video, image, and audio applications.

Moderne: The company raised $30 million of Series B venture funding in a deal led by Acrew Capital on February 11, 2025, putting the company’s pre-money valuation at $120 million. Intel Capital, Allstate, AMEX Ventures, TIAA Ventures, True Ventures, Mango Capital, Morgan Stanley, and other undisclosed investors also participated in the round. The company is a developer of a code refactoring platform designed to make custom source code transformations.

ScorePlay: The company raised $13 million of Series A venture funding in a deal led by 20VC on February 11, 2025. FIBA, Seven Seven Six, Apex Capital, Build Your Legacy Ventures, LORi6 Ventures, Trybe Ventures, Alex Morgan, Giannis Antetokounmpo, Nico Rosberg, Pat Cummins, Edouard Mendy, Aissa Mandi, Ada Hegerberg and other undisclosed investors also participated in the round. The company is a developer of a media asset management platform designed to organize, analyze, and distribute content.

Tofu: The company raised $12 million of Series A venture funding in a deal led by SignalFire on February 13, 2025, putting the company’s pre-money valuation at $56 million. HubSpot Ventures, Tau Ventures, Alumni Ventures, SH Fund Management, Riverside Ventures, Eudemian Ventures, Stage 2 Capital, Liquid 2 Ventures, Index Ventures, Han Bridge Capital and Correlation Ventures also participated in the round. The company is a developer of a marketing tool designed to create personalized omnichannel content that can scale to multiple types of marketing campaigns.

TOCA Football: The company raised $11.8 million of Series F-3 venture funding from undisclosed investors on February 10, 2025, putting the company’s pre-money valuation at $588 million. The company is a technology-enabled soccer experience company that offers TOCA Soccer training centers, and soccer-themed TOCA Social entertainment venues.

Keychain: The company raised $5 million of venture funding in a deal led by Bright Pixel Capital on February 12, 2025. The company is a developer of an AI-based consumer packaged goods manufacturing platform designed to help brands find manufacturing partners.

AMMO: The company raised an undisclosed amount of venture funding from Samsung NEXT Ventures on February 11, 2025. The company is a developer of an AI-powered platform that is designing specialized multi-agent systems to work in unison to generate, govern, and iterate on content.

Phase: The company raised an undisclosed amount of venture funding from SquareOne Venture Capital, 42CAP and Palm Drive Capital on February 13, 2025. Gobi Partners, New Economy Ventures, WI Harper Group, 500 Global, Shilling and other undisclosed investors also participated in the round. The company is a developer of a web design platform intended to create and animate micro-interactions.

Immersive Gamebox / Harlan Capital Partners: The company received an undisclosed amount of development capital from Harlan Capital Partners on February 11, 2025. The company is an operator of an immersive gaming experience with interactive digital rooms.

Kinara / NXP Semiconductors: The company reached a definitive agreement to be acquired by NXP Semiconductors for $307 million as of February 10, 2025. The company is a developer of low-power processors designed to develop and deploy edge AI applications.

AdCreative.ai / Appier: The company was acquired by Appier for $38.7 million on February 12, 2025. The company is an operator of an AI-based advertising platform intended to generate ad creative content.

BotsCrew / CourtAvenue: The company was acquired by CourtAvenue for an undisclosed amount on February 10, 2025. The company is a developer of chatbots designed to communicate with people via instant messaging and help initiate the sales process.

Digital Spine / Unknown Investor: The company was acquired through an LBO on February 11, 2025 for an undisclosed amount. The company is a developer of IoT and cloud technology designed to digitize elevator systems for buildings by connecting elevator controllers to the cloud.

Jumpship / Dino Patti: The company was acquired by Dino Patti for an undisclosed amount on February 12, 2025. The company is an operator of an interactive game development studio.

Nueva Network / Individual Investor: The company was acquired by Mr. Carlos Moncada for an undisclosed amount on February 10, 2025. The company is a provider of Spanish language radio broadcasting services intended to serve the advertising and media industries.

Orchestrate AI / New Charter Technologies: The company was acquired by New Charter Technologies, via its financial sponsor Oval Partners, through an LBO on February 10, 2025 for an undisclosed amount. The company is a provider of advanced AI technologies for managed service providers.

ReachMail / Reel Axis: The company was acquired by Reel Axis for an undisclosed amount on February 13, 2025. The company is a developer of an email marketing platform designed to create, optimize, send, and track email marketing campaigns.

ROW8 / Philo: The company was acquired by Philo for an undisclosed amount on February 11, 2025. The company is an operator of a streaming platform designed to provide video-on-demand movies.

Scanbuy / Kezzler: The company was acquired by Kezzler for an undisclosed amount on February 11, 2025. The company is a developer of a mobile, camera phone-based multi-barcode reader application and technology.

Sensical / Cricket Media: The company was acquired by Cricket Media, a subsidiary of Cricket Acquisition Group, for an undisclosed amount on February 10, 2025. The company is an operator of a digital media company intended to create and curate safe, age-appropriate, and engaging content for kids and families.

Source: Pitchbook Data, Inc.