Strategy | Financing Transactions

Private Placement / Financing Transactions

Kore.ai: The company raised $150 million of Series D venture funding in a deal led by FTV Capital on January 30, 2024, putting the company’s pre-money valuation at $650 million. Nvidia, Sweetwater Private Equity, Vistara Growth, NextEquity Partners, Beedie Capital, and Nicola Wealth Private Capital also participated in the round. The company is a developer of an optimization platform designed to help organizations design, develop, test, and manage chatbots for internal or customer-facing business scenarios.

Gamma.: The company raised $100 million of venture funding in a deal led by Alpha Wave Global on February 2, 2024, putting the company’s post money-valuation at $400 million. Apple, Eldridge Industries and other undisclosed investors also participated in the round. The company is an operator of a content management platform intended to connect content creators with fans.

Starship: The company raised $85.4 million of venture funding from undisclosed investors on January 29, 2024. The company is a developer of self-driving robotic delivery vehicles.

Plex: The company raised $40 million of Series C2 venture funding from Kleiner Perkins and Intercap on January 31, 2024. The company is a developer of media streaming server software.

Sema4.ai: The company raised $30.5 million of Series A venture funding from Benchmark, Mayfield Fund and Canvas Ventures on January 29, 2024, putting the company’s pre-money valuation at $125 million. The company is a developer of artificial intelligence tool intended to help companies easily design AI-powered systems to automate specific tasks.

Splash Sports: The company raised $14.1 million of Series A2 venture funding from Velvet Sea Ventures, Elysian Park Ventures and Counterview Capital on January 31, 2024. Accomplice VC, Acies Investments, Boston Seed Capital, K5 Ventures, Trybe Ventures, Peter Jennings, Adam Levitan, Erik Seidel, Theo Epstein, Jonathan Kraft, Mike Gordon, Sam Kennedy and other undisclosed investors also participated in the round. The company is a developer of a peer-to-peer fantasy sports gaming platform.

Podcastle: The company raised $13.5 million of Series A venture funding in a deal led by Mosaic Ventures on February 2, 2024. RTP Global, Point Nine Capital, Sierra Ventures, AI Fund, Anthony Casalena and Rene Rechtman also participated in the round. The company is a developer of a web-based AI tool platform designed to record, edit, transcribe, and export content.

Speakeasy: The company raised $11.6 million of venture funding from undisclosed investors on February 1, 2024. The company is a developer of an application programming interface platform intended to achieve faster and easier technology integration.

Govdash: The company raised $10.3 million of venture funding from undisclosed investors on January 30, 2024. The company is a developer of artificial intelligence-powered software designed for creating data visualizations.

Akash Network: The company raised an undisclosed amount of venture funding from Borderless Capital in February 2024. The company is a developer of a decentralized and open-source cloud computing platform.

Chipp.AI: The company raised an undisclosed amount of venture funding from M25 in February 2024. The company is a developer of custom chatbots for websites.

House of Rock: The company is in the process of raising venture funding through a combination of debt and equity from undisclosed investors as of January 29, 2024. The company is a developer of a social networking platform designed to provide concert tickets, air, hotel and home share bookings and rental car services.

Kiip: The company raised an undisclosed amount of venture funding from Sorenson Impact Foundation in February 2024. The company is a developer of a digital document management platform.

Koii.: The company raised an undisclosed amount of venture funding from NxGen xyz in February 2024. The company is a developer of an AI Infrastructure startup.

Livepeer: The company raised an undisclosed amount of venture funding from Borderless Capital in February 2024. The company is a developer of a decentralized live streaming platform.

Rockset: The company raised an undisclosed amount of venture funding from Hewlett Packard Pathfinder on January 31, 2024. The company is a developer of a serverless search and analytics engine platform intended to build applications without pipelines and data preparation.


M&A Transactions

.backgrid / Shutterstock: The company was acquired by Shutterstock for an undisclosed amount on February 1, 2024. The company offers real-time celebrity content to news outlets, and is based in Redondo Beach, California.

Alyce / Sendoso: The company was acquired by Sendoso for an undisclosed amount on February 1, 2024. The company is a developer of an artificial intelligence-based gifting platform intended to provide a personalized gifting experience at scale.

Blokur / Music Reports: The company was acquired by Music Reports, via its financial sponsor MidOcean Partners, through an LBO on January 31, 2024 for an undisclosed amount. The company is a music rights and data platform that provides global music reporting and licensing for digital products and services.

Cinemaware / Nordcurrent Group: The company, a subsidiary of Starbreeze was acquired by Nordcurrent Group for an undisclosed amount on February 1, 2024. The company is a developer of video games.

Einblick / Databricks: The company was acquired by Databricks for an undisclosed amount on January 31, 2024. The company is a developer of an AI-native data notebook.

MiaProva / Adswerve: The company was acquired by Adswerve, via its financial sponsors Abry Partners and Lionfish Capital, through an LBO on January 30, 2024 for an undisclosed amount. The company is a developer of marketing technology software intended for large and small-sized enterprises.

Pluto / Sevenrooms: The company was acquired by Sevenrooms, via its financial sponsor Enlightened Hospitality Investments, through an LBO on January 30, 2024 for an undisclosed amount. The company is a developer of a text-based communication platform designed to enhance brand-customer relationships.

Quarter4 / FairPlay Sports Media: The company was acquired by FairPlay Sports Media, via its financial sponsor Bruin Capital, through an LBO on January 30, 2024 for an undisclosed amount. The company is a developer of an artificial intelligence platform designed to make sports betting predictions.

RoboCorp / Sema4.ai: The company was acquired by Sema4.ai for an undisclosed amount on January 29, 2024. The company is a developer of a Python-based open-source stack designed to simplify automation.


Source: Pitchbook Data, Inc.

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