Technology Private Placement and M&A Transactions Review Week Ending January 1 2023

Cinesite: The company received $235 million of development capital from Gryphion Capital Investments, Barclays and NatWest Commercial Services on December 21, 2022. The company is a provider of visual effects and feature animation services intended for film, broadcast and streaming media platforms.

Helm.ai: The company raised $31 million of Series C venture funding in a deal led by Freeman Group on December 19, 2022, putting the company’s pre-money valuation at $400 million. Honda Motor Company, Goodyear Ventures, SungWoo Hitech Company, Amplo (Spring) and ACVC Partners also participated in the round. The company is a developer of an AI-based driving technology designed for autonomous driving.

Fevo: The company raised $16.6 million of Series C1 venture funding from undisclosed investors on December 19, 2022. The company is a developer of a collaborative social commerce platform intended to help groups to socialize and split payment for their favorite live events and merchandise.

Nobl9: The company raised $15.8 million of venture funding from undisclosed investors on December 20, 2022. The company is a developer of software applications intended to improve team-wide productivity and business alignment.

Cumul.io: The company raised EUR 9.6 million of venture funding from Hi Inov, SmartFin and LRM on December 28, 2022, putting the company’s pre-money valuation at EUR 22.6 million. Axeleo Capital and SNCF Digital Ventures also participated in the round. The company is a developer of a cloud analytics platform intended to offer a secure reporting module inside a client’s platform.

Audio Up Media: The company raised $8.6 million of Series C venture funding from Fourward Ventures and Ben Lurie on December 20, 2022. The company is an operator of an audio-based entertainment platform intended for single songs, podcasts, and audio marketing.

KERV Interactive: The company raised $6.6 million of Series A2 venture funding from undisclosed investors on December 27, 2022. The company is a developer of interactive video platforms designed to drive deeper user engagement and enhances performance.

Vianova: The company raised EUR 6 million of Series A venture funding in a deal led by JAXAngels and Baloise Holding on December 22, 2022. RATP Capital Innovation, Groupe La Poste and Ponooc also participated in the round. The company is a developer of mobility software designed to connect cities and operators.

EcoG: The company raised EUR 6 million of Series A venture funding from Helen Ventures, Lindner Holding and Ananda Impact Ventures on December 20, 2022. BayBG Venture Capital also participated in the round. The company is a developer of an IoT operating system intended for electric vehicle charging that can be integrated into local businesses.

App Orchid: The company raised $6.25 million of venture funding from Moneta Ventures and other undisclosed investors on December 27, 2022. The company is a developer of a software application designed to restructure the way enterprises approach digital transformation.

Canvas: The company raised $5.2 million of an undisclosed targeted amount of venture funding on May 16, 2022. The company is a developer of an interactive content and collaboration platform that uses 2D and 3D models to share and understand essential product information with speed, ease, and precision.

Eco-Movement: The company raised an undisclosed amount of Series A venture funding in a deal led by Ponooc on December 21, 2022. Dow Jones & Company, Bridford Group and Arches Capital also participated in the round. The company is a developer of an electric vehicle charge point data platform designed to provide charge point information for EV drivers and the EV ecosystem.

Proto: The company raised an undisclosed amount of venture funding from Christie’s on December 20, 2022. The company is a developer and manufacturer of hologram projection machines.

Smart Coos: The company raised an undisclosed amount of venture funding from New Orleans Startup Fund in approximately January 2023. The company is a developer of a language learning platform designed to help students learn a second language through games and animated videos.

Magic Leap / Saudi Arabia’s Public Investment Fund: The company was acquired by Saudi Arabia’s Public Investment Fund through an LBO on December 26, 2022 for $450 million . The company is a developer of a virtual computing interface system designed to combine digital and physical lives through computer-generated three-dimensional imagery seamlessly.

The Switch Enterprises / Tata Communications: The company reached a definitive agreement to be acquired by Tata Communications, a subsidiary of Tata Group, for $58.8 million on December 22, 2022. The company is a provider of broadcast video transport, video switching and transmission services intended to cost-effectively capture, edit and package compelling live telecasts.

RealNetworks / Greater Heights: The company was acquired by Greater Heights, an affiliate of the  Company’s founder, Chairman and CEO, Robert D. Glaser, for $25.5 million on December 21, 2022. RealNetworks’ portfolio includes SAFR, the world’s premier computer vision platform for live video, KONTXT, an NLP (Natural Language Processing) platform for text and multi-media analysis, and a mobile games business focused on the large free-to-play segment..

Qumu / Enghouse Systems: The company reached a definitive agreement to be acquired by Enghouse Systems for $18 million on December 19, 2022. Qumu Corp provides software solutions to create, manage, secure, distribute and measure the success of live and on-demand video for enterprises.

Sonnox / Focusrite: The company was acquired by Focusrite for GBP 9.1 million on December 20, 2022. The company is a developer of audio processing plug-ins catering to the music, film, television and radio industries.

GameBanshee / Lexicon Gaming: The company was acquired by Lexicon Gaming for an undisclosed amount on December 26, 2022. The company is an operator of a social content portal catering to the video games sector.

Luxexcel / Meta Platforms: The company was acquired by Meta Platforms for an undisclosed amount on December 28, 2022. The company is a developer of 3D printing processes designed to manufacture lenses and optical products.

Madison Logic / BC Partners: The company entered into a definitive agreement to be acquired by BC Partners through an LBO on December 29, 2022 for an undisclosed amount. The company is a developer of an account-based marketing and data management platform providing business-to-business digital marketing services.

Mint State Labs / Orange Comet: The company was acquired by Orange Comet for an undisclosed amount on December 22, 2022. The company is an operator of a gaming platform designed to market blockchain-powered experiences.

Near Light / nDreams: The company was acquired by nDreams for an undisclosed amount on December 19, 2022. The company is a developer of virtual reality games based in Brighton, United Kingdom.

Ramp / VBrick: The company was acquired by VBrick for an undisclosed amount on December 19, 2022. The company is a developer of an enterprise content delivery network (eCDN) platform.
ScaleLab / Agency of Internet Rights: The company was acquired by Agency of Internet Rights for an undisclosed amount on December 21, 2022. The company is a developer of digital talent network intended to help online influencers expand their audience.

SportsHub Games Network / SharpLink Gaming: The company was acquired by SharpLink Gaming for an undisclosed amount on December 28, 2022. The company is a developer of an e-sports and fantasy games content platform designed to support fan and brand engagement.