Strategy | Financing Highlight

Private Placement / Financing Transactions

Whatnot: The company raised $260 million of Series D venture funding in a deal led by CapitalG and DST Global on July 21, 2022, putting the company’s pre-money valuation at $3.44 billion. Andreessen Horowitz, Bond Capital, and Y Combinator also participated in the round. The company is a developer and operator of live stream platform and marketplace designed to trade limited-edition toys and collectibles.

Snowplow: The company raised $81.5 million of Series B venture funding in a deal led by New Enterprise Associates on July 21, 2022. Databricks, Cloudflare, DataRobot, Atlantic Bridge Capital, MMC Ventures and other undisclosed investors also participated in the round. The company is a developer of a behavioral data management platform designed to serve data teams.

SupplyPike: The company raised $25 million of Series B venture funding from Frontier Growth, Blumberg Capital, Noro-Moseley Partners, and other undisclosed investors on July 18, 2022, putting the company’s pre-money valuation at $50 million. The company is a developer of cloud-based software designed for supply chain management.

Dot Compliance: The company raised $23 million of Series B venture funding in a deal led by Israel Growth Partners on July 20, 2022. Vertex Ventures Israel and TPY Capital also participated in the round. The company is a developer of a cloud-based native salesforce platform designed to cleanse, visualize and predict sales and marketing data.

Prisms of Reality: The company raised $16 million of venture funding from undisclosed investors on July 20, 2022. The company is a developer of an immersive educational platform designed to offer realistic 3D environments for problem-solving.

XSET: The company raised $15 million of Series A venture funding in a deal led by LightWork Worldwide on July 19, 2022. Baron Davis Enterprises, Breakaway Ventures, Guildfi, TheAlliance, Mind Melt Media, Whitwell & Co, Gaingels, Apex Capital Partners, Gee Roberson, Ezekiel Elliott, Ndamukong Suh, Young Money, Justin Simons, Adrian Colbert, Alkho Witherspoon, Kyle Van Noy, Khalif Brown, Quality Control Music, Alpha Sigma Capital, Concept Art House, and Worldwide Wes also participated in the round. The company is an operator of an esports organization intended to offer diverse, innovative, and socially conscious games.

i2x: The company raised EUR 11 million of venture funding from HV Capital, Asgard Capital, and Unternehmertum Venture Capital Partners on July 18, 2022, putting the company’s pre-money valuation at an estimated EUR 17.68 million. btov Partners, Discovery Ventures (Germany), and other undisclosed investors also participated in the round. The company is a developer of a conversation analytics platform designed to transform the human voice into actionable insights.

Dailyn: The company raised EUR 11 million of venture funding in a deal led by Ludovic Duprez and Mulliez Family on July 21, 2022. The company is a developer of mobile application intended to provide chat, messaging, and shopping services.

Keen: The company raised $11 million of Series B venture funding in a deal led by Ballast Point Ventures on July 19, 2022. The company is a developer of software-as-a-service designed to help marketers make data-driven decisions.

Lumiform: The company raised EUR 6.4 million of Series A venture funding in a deal led by Capnamic Ventures on July 22, 2022. EXXETA, 42CAP, EquityPitcher Ventures, and WestTech Ventures also participated in the round. The company is a developer of a digital audit and inspection platform intended to provide end-to-end monitoring services.

Dgraph: The company raised $6 million of Recapitalization venture funding in a deal led by Uncorrelated Ventures and Venrock on July 20, 2022. SaxeCap, Liquid 2 Ventures, Abstract Ventures, Hack VC, DJ Patil, Michael Callahan, Ry Walker, Ganesh Srinivasan, Chris Riccomini, and JP Patil also participated in the round. The company is a developer of an open-source and low-latency database designed to meet the visual data representation needs of small startups as well as large companies.

Premier Lacrosse League: The company raised an undisclosed amount of Series D venture funding in a deal led by The Chernin Group on July 21, 2022. World Wrestling Entertainment, Wheelhouse Entertainment, Arctos Sports Partners, Thirtyfive Ventures, Pomp Investments, Brett Jefferson, Joseph Tsai, and Blue Pool Capital also participated in the round. The company is an operator and creator of a lacrosse tournament intended to bring the sport to a national stage through a tour-based model.

Twine: The company raised an undisclosed amount of venture funding from Zoom Apps Fund, PeopleTech Partners, and Moment Ventures on July 21, 2022. Coelius Capital, Maven Ventures, Aaron Schwartz, and other undisclosed investors also participated in the round. The company is a developer of a video chat platform designed to encourage people to have meaningful discussions.


M&A Transactions

Vonage Holdings / Ericsson: The company was acquired by Ericsson for $6.2 billion on July 21, 2022. Vonage Holdings Corp is a North American technology company that provides cloud communication services to businesses and consumers.

Black News Channel / Allen Media Group: The company was acquired by Allen Media Group for $11 million on July 20, 2022. The company is an operator of a multi-platform news and information channel created to feature culturally-specific content for African Americans.

The Eclair Group / Digital Workforce: The company reached a definitive agreement to be acquired by Digital Workforce for EUR 2.2 million on July 19, 2022. The company is a provider of process automation services based in Dublin, Ireland.

Acto-soft / Scopevisio: The company was acquired by Scopevisio for an undisclosed amount on July 18, 2022. The company is a provider of cloud business enterprise solutions based out of Nordrhein-Westfalen, Germany.

Askdata / SAP: The company was acquired by SAP for an undisclosed amount on July 21, 2022. The company is a developer of an AI-driven platform designed to empower humans to interact with data through natural language.

Botisimo / OpTic Gaming: The company was acquired by OpTic Gaming, a subsidiary of Team Envy, for an undisclosed amount on July 19, 2022. The company is a developer of a cloud-based streaming tool intended to support diverse stream and chat platforms.

E.Fundamentals / CommerceIQ: The company was acquired by CommerceIQ for an undisclosed amount on July 19, 2022. The company is an operator of an e-commerce analytics and insight platform designed to optimize performance across digital retail.

Kubefirst / Kubeshop: The company was acquired by Kubeshop for an undisclosed amount on July 21, 2022. The company is a developer of a cloud tools platform designed for carefully delivering a selected set of cloud-native technologies, built for easily managed Kubernetes.

Podchaser / Acast: The company reached a definitive agreement to be acquired by Acast for an undisclosed amount on July 18, 2022. The company is an operator of a podcast database platform designed to facilitate browsing and coverage of podcasts.

Reality AI / Renesas Electronics: The company was acquired by Renesas Electronics for an undisclosed amount on July 20, 2022. The company is a developer of an advanced sensing technology designed to offer signal recognition capabilities to connected devices and software makers.

Repeat.gg / Sony Interactive Entertainment: The company reached a definitive agreement to be acquired by Sony Interactive Entertainment, a subsidiary of Sony, for an undisclosed amount on July 19, 2022. The company is a developer of a global e-sports tournament platform designed to let users compete for cash and prizes across games.

Rosoka / i2: The company, a subsidiary of IMT Holdings, was acquired by i2, a subsidiary of Harris Computer, for an undisclosed amount on July 21, 2022. The company is a developer of multilingual text analytics platform designed to bring understanding to big data in today’s world with next generation natural language processing.

Surreal / Dynepic: The company was acquired by Dynepic for an undisclosed amount on July 20, 2022. The company is a developer of a gaming platform designed to offer virtual reality games.

TeslaCoil Software / Branch: The company was acquired by Branch for an undisclosed amount on July 19, 2022. The company is a developer of a customizable smartphone launcher for android.

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