Technology Private Placement and M&A Transactions Review Week Ending Jan 21, 2024

Strategy | Financing Transactions
Private Placement / Financing Transactions

Build A Rocket Boy: The company received $110 million of development capital led by RedBird Capital Partners and from NetEase, Endeavor, Alignment Growth, Galaxy Interactive and Woodline Partners and other undisclosed investors on January 17, 2024. The company is an operator of a game development studio intended to create open-world environment games.

Prismatic: The company raised $22 million of Series B venture funding in a deal led by Five Elms Capital on January 17, 2024. The company is the operator an integration platform for B2B software companies.

Beatdapp: The company raised $17 million of venture funding from undisclosed investors on January 19, 2024. The company is an operator of a SaaS-based platform intended to help music labels and artists track their songs to collect royalties.

GreenSpark: The company raised $13.4 million of venture funding from undisclosed investors on January 19, 2024. The company is a developer of a cloud-based SaaS platform that offers inventory management and accounting integration.

Recraft: The company raised $12 million of Series A venture funding in a deal led by Khosla Ventures and Nat Friedman on January 18, 2024. RTP Global, Abstract Ventures, Basis Set Ventures, Elad Gil, AAL Management and other undisclosed investors also participated in the round. The company is a developer of a generative AI design tool.

3thix: The company raised $8.5 million of venture funding from Alexander Agapitov, Steve Kokinos and Hand of Midas on January 16, 2024. The company is a developer of a gaming platform.

AccessParks: The company received an undisclosed amount of development capital from M/C Partners on January 16, 2024. The company is a provider of broadband and television services intended to provide a suite of value-added internet services and IoT software applications to remote areas.

The Headset App: The company raised an undisclosed amount of venture funding from Invest Nebraska in approximately January 2024. The company is a developer of headsets for communication between athletes and coaches.
M&A Transactions

Ansys / Synopsys: The company reached a definitive agreement to be acquired by Synopsys for $35 billion on January 16, 2024. Ansys is an engineering software company that provides simulation capabilities for structural, fluids, semiconductor power, embedded software, optical, and electromagnetic properties.Habu / LiveRamp Holdings: The company was acquired by LiveRamp Holdings for $200 million on January 17, 2024. The company is a developer of a marketing software designed to generate value analytics from controlled datasets.

Kairos Sports Tech / Teamworks: The company was acquired by Teamworks for an undisclosed amount on January 17, 2024. The company is a developer of a team communication and operations app for coaches and athletes.

Kyndi / Qlik Technologies: The company was acquired by Qlik Technologies, via its financial sponsors CPP Investments and Thoma Bravo, through an LBO on January 18, 2024 for an undisclosed amount. The company is a developer of an AI based business enterprise platform that develops insights from stored and streamed data.

Misfits Entertainment / Mediawan: The company was acquired by Mediawan, via its financial sponsors Bpifrance, Groupe MACSF, Atwater Capital, ESAS Holding, Societe Generale Capital Partenaires and Kohlberg Kravis Roberts, through an LBO on January 16, 2024 for an undisclosed amount. The company is an operator of a film production company.

Myntr / Revyrie: The company was acquired by Revyrie for an undisclosed amount on January 17, 2024. The company is an operator of a ecommerce agency platform for digital ecosystems.

Peach / LenosTube: The company was acquired by LenosTube for an undisclosed amount on January 15, 2024. The company is a developer of a social networking application.

Pixagility / ODMedia: The company was acquired by ODMedia, via its financial sponsor Capital A, through an LBO on January 15, 2024 for an undisclosed amount. The company is a provider of audiovisual streaming services.

Scailable / Network Optix: The company was acquired by Network Optix for an undisclosed amount on January 18, 2024. The company is a a management platform that allows developers to create plug-and-play edge AI solutions at scale using artificial intelligence deployment technology.

Thrio / Nextiva: The company was acquired by Nextiva for an undisclosed amount on January 18, 2024. The company is a developer of an AI-powered contact center platform.

Unite / Taki Games: The company was acquired by Taki Games for an undisclosed amount on January 18, 2024. The company is an operator of an online advertising marketplace.

Source: Pitchbook Data, Inc.

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