Technology Private Placement and M&A Transactions Review Week Ending July 10 2022

ngena: The company raised $46.2 million of Series C venture funding from undisclosed investors on July 5, 2022. The company is an operator of an international network alliance platform intended to give companies worldwide access to secure connectivity.

Klang Games: The company raised EUR 40.32 million of Series C venture funding in a deal led by Animoca Brands, Kingsway Capital and Ash Park Capital on July 6, 2022, putting the company’s pre-money valuation at an estimated EUR 342.07 million. Supercell, Novator Partners, New Life Ventures, Anthos Capital, Roosh Ventures and AngelHub Ventures also participated in the round. The company is an operator of a video game development studio intended to bring people together through engaging media experiences and by building strong communities.

Space Ape: The company raised $37 million of venture funding from Supercell on July 7, 2022. The company is an operator of a gaming studio designed to develop mobile games.

EverestLabs: The company raised $16.1 million of venture funding from undisclosed investors on July 8, 2022. The company is an developer of an AI-based robotics technology intended to be installed at sorting stations to recover valuable recyclables.

Carbon6 Technologies: The company raised $13.84 million of venture funding from undisclosed investors on July 8, 2022. The company is an developer of SaaS platform designed for e-commerce websites to facilitate selling online.

ForeVR: The company raised $10.8 million of venture funding from undisclosed investors on July 8, 2022. The company is an developer of virtual reality games intended to entertain people of all ages.

Kardinal: The company raised EUR 10 million of Series A venture funding in a deal led by Benhamou Global Ventures on July 4, 2022. Serena Capital, CapHorn Invest, and Plug and Play Tech Center also participated in the round. The company is an operator of a cloud-based automatic dispatch platform intended to simplify the process of courier delivery.

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ReKTGlobal / Infinite Reality: The company was acquired by Infinite Reality, a subsidiary of Display Social, for $470 million on July 6, 2022. The company is a provider of e sports infrastructure services intended to serve the e-sports ecosystem in its entirety by bringing in best practices from sports, media, and entertainment.

Redline Communications / Aviat Networks: The company was acquired by Aviat Networks for CAD 23.25 million on July 5, 2022. Redline Communications Group Inc is a provider of private wireless networks for industrial and mission-critical applications.

Resonant Analytics / NowVertical Group: The company reached a definitive agreement to be acquired by NowVertical Group for approximately $1.5 million on July 5, 2022. The company is a provider of CRM program strategy, database marketing and business intelligence services intended to help businesses improve their marketing performance.

Cardinality / Elisa Polystar: The company reached a definitive agreement to be acquired by Elisa Polystar for an undisclosed amount on July 5, 2022. The company is a developer of a data analytics platform designed to make enterprise-grade data analytics and AI available to organizations of all sizes, regardless of what sector of the economy they’re in.

Dataseat / Media and Games Invest: The company was acquired by Verve Group and Media and Games Invest for an undisclosed amount on July 5, 2022. The company is a developer of media buying platform designed to create user acquisition and retargeting campaigns.

Displayce / JCDecaux: The company was acquired by JCDecaux for an undisclosed amount on July 5, 2022. The company is an operator of a programmatic advertising platform intended to help advertisers to set up geolocated and contextual campaigns.

FreshWorks Studios / EY: The company was acquired by EY for an undisclosed amount on July 5, 2022. The company is an operator of software development company intended to drive innovation, transformation, and growth at forward-thinking organizations.

InnoWise / iLink Digital: The company was acquired by iLink Digital for an undisclosed amount on July 6, 2022. The company is a provider of IT solutions intended to power digital transformation with next-generation technologies.

Insight Medical Systems / Enovis: The company was acquired by Enovis for an undisclosed amount on July 6, 2022. The company is a developer of a wearable augmented device designed for orthopedic surgical procedures.

Madvertise Media / Azerion: The company, a subsidiary of Madvertise, reached a definitive agreement to be acquired by Azerion for an undisclosed amount on July 5, 2022. The company is an operator of an advertising platform focused on providing mobile marketing and expertise for mobile branding campaigns.

Majelan / ETX Studio: The company was acquired by ETX Studio for an undisclosed amount on July 5, 2022. The company is a developer of an audio content application designed to change the way people learn.

Nix Hydra Games / Dorian: The company was acquired by Dorian for an undisclosed amount on July 7, 2022. The company is a developer of mobile games designed to provide interactive romance stories.

Sling / Toast: The company was acquired by Toast for an undisclosed amount on July 7, 2022. The company is a developer of scheduling and communication software designed to help businesses focus on people, not on paperwork.

Spectrum Telecom Group / Adani: The company has received bids to be acquired by Adani for an undisclosed amount on July 9, 2022. The company is a distributor and provider of wireless products and solutions intended to serve government, industrial and commercial sectors.