Strategy | Financing Transactions
Private Placement / Financing Transactions

ElevenLabs: The company raised $80 million of Series B venture funding in a deal led by Andreessen Horowitz, Nat Friedman and Daniel Gross on January 22, 2024, putting the company’s pre-money valuation at $920 million. BroadLight Capital, Credo Ventures, Sequoia Capital, Smash Capital and SV Angel also participated in the round. The company is a developer of artificial intelligence voice dubbing tools designed to automatically dub videos and podcasts into other languages.

Kittl: The company raised $36 million of Series B venture funding in a deal led by IVP on January 24, 2024. Left Lane Capital also invested in the round. The company is a developer of an online tool designed to provide graphic supplies for graphic designers.

Anomalo: The company raised $33 million of venture funding in a deal led by SignalFire on January 24, 2024. Foundation Capital, Norwest Venture Partners, Databricks Ventures, and Two Sigma Ventures also participated in the round. The company is a developer of an artificial intelligence data validation tool designed to automatically detect and explain issues in enterprise data.

Qdrant: The company raised $28 million of Series A venture funding in a deal led by Spark Capital on January 23, 2024. 42CAP and Unusual Ventures also participated in the round. The company is a developer of a vector similarity search technology designed for the next generation of artificial intelligence applications.

LifeBrand: The company raised $27.1 million of venture funding from undisclosed investors on January 26, 2024. The company is a developer of a brand reputation and risk management technology intended to protect social media presence.

OpenDialog: The company raised GBP 7.3 million of Series A venture funding in a deal led by AlbionVC on January 24, 2024. Dowgate Capital and other undisclosed investors also participated in the round. The company is a developer of a conversational artificial intelligence platform designed for enterprises to automate conversations.

Merly: The company raised $6.8 million of venture funding from undisclosed investors on January 25, 2024. The company is a developer of a machine programming software intended to automate software development and improve software quality.

Arcee.ai: The company raised $5.5 million of venture funding from Centre Street Partners, AIN Ventures, and WndrCo on January 24, 2024. Long Journey Ventures, Flybridge Capital Partners, Thirty Five Ventures, and Clément Delangue also participated in the round. The company is a developer of a domain-adapted language model system enhancing the AI landscape for businesses.

Betty: The company raised $5 million of venture funding in a deal led by CEAS Investments I on January 26, 2024. Courtside Ventures, Happyhour.io and Powerhouse Capital also participated in the round. The company is a developer of a gaming platform intended to provide online casino and casual mobile games.

Snorkel: The company raised an undisclosed amount of venture funding from QBE Ventures on January 25, 2024. The company is a developer of an artificial intelligence-powered programmatic data labeling tool designed for extracting information from text documents such as scientific articles and electronic health records.


M&A Transactions

STN Video / Minute Media: The company was acquired by Minute Media for an estimated $150 million on January 24, 2024. The company is an operator of an online video platform intended to enhance user engagement and monetization for publishers.

DUPR / Raine Ventures: The company was acquired by David Kass, Jay Farner, Andre Agassi, Brian Yeager, R. Blane Walter and Raine Ventures through a $8 million LBO on January 24, 2024. The company is  an operator of a pickleball rating platform.

Artists Animation Studio / Individual Investor: The company was acquired by Rick Mischel for an undisclosed amount on January 24, 2024. The company is an operator of a digital animation studio intended to provide design, animation, comp/fx and post services for numerous advertising agencies.

Claypot AI / Voltron Data: The company was acquired by Voltron Data for an undisclosed amount on January 24, 2024. The company is a developer of a real-time machine learning platform designed for leveraging streaming technologies.

Creator Now / vidIQ: The company was acquired by vidIQ for an undisclosed amount on January 24, 2024. The company is a developer of a social software designed to create a community of creators.

Crooze / Box: The company was acquired by Box for an undisclosed amount on January 23, 2024. The company is  a developer of a no-code enterprise content management system.

Giant Machines / Deloitte: The company was acquired by Deloitte for an undisclosed amount on January 22, 2024. The company is  an operator of a digital product agency intended for building custom digital products and businesses.

GrayMeta / Wasabi: The company was acquired by Wasabi for an undisclosed amount on January 22, 2024. The company is an operator of a database management platform intended to extract, generate, store, and search metadata from digital assets.

Meetup / Bending Spoons: The company, a subsidiary of AlleyCorp, was acquired by Bending Spoons, via its financial sponsors Endeavor Catalyst, NB Renaissance, NUO Capital, Tamburi Investment Partners, View Different, Rapid Pioneers, Eagle Capital Ventures, Mega Holding, Adjacent Venture Capital, Annox Capital, B Heroes, Baillie Gifford, Cherry Bay Capital Group, H14, Neuberger Berman and Wellness Holding, through an LBO on January 24, 2024 for an undisclosed amount. The company is an operator of an online social networking platform intended to facilitate group interactions around the world.

Radiance Commerce / Bloomreach: The company was acquired by Bloomreach, via its financial sponsors Sixth Street Partners, VII Ventures, Bain Capital Ventures, Goldman Sachs Asset Management and W Capital Partners, through an LBO on January 23, 2024 for an undisclosed amount. The company is a developer of an artificial intelligence-driven messaging platform designed to engage electronic commerce customers with messaging.

Reflect / SmartBear: The company was acquired by SmartBear, via its financial sponsors Vista Equity Partners and Francisco Partners, through an LBO on January 25, 2024 for an undisclosed amount. The company is  a developer of an automated web testing platform and tools designed to minimize errors and manual workflows.

Relogix / HubStar: The company was acquired by HubStar for an undisclosed amount on January 23, 2024. The company is  a developer of a cloud-based workspace analytics platform designed to provide accurate and actionable insight for office space utilization.

TensorTour / Typeface: The company was acquired by Typeface for an undisclosed amount on January 25, 2024. The company is a developer of advanced AI technologies intended to edit, enhance and search audio, video, and images efficiently.

Windsor / Front: The company was acquired by Front for an undisclosed amount on January 25, 2024. The company is  a developer of a video personalization platform.


Source: Pitchbook Data, Inc.

Categories

Archives