Strategy | Financing Highlight

Private Placement / Financing Transactions

Flexiv: The company raised $100 million of Series B+ venture funding from undisclosed investors on June 29, 2022. The company is a developer and manufacturer of robotic systems designed to facilitate industrial automation.

FrontApp: The company raised $65 million of Series D venture funding in a deal led by Salesforce Ventures and Battery Ventures on June 28, 2022, putting the company’s pre-money valuation at $1.64 billion. Uncork Capital, Sequoia Capital, Threshold Ventures, Jennifer Tejada, and other undisclosed investors also participated in the round. The company is a developer of a multi-channel inbox platform designed to centralize communication channels into one place.

Snowplow: The company raised $40 million of Series B venture funding in a deal led by New Enterprise Associates on June 30, 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.

Sanity: The company raised $35 million of venture funding from Shopify on June 29, 2022. The funds will be used to continue developing their product and building their business. The company is a developer of a content platform designed to articulate, collaborate and circulate ideas throughout the content creation process.

Hebbia: The company raised $28.10 million of Series A venture funding from Index Ventures on July 1, 2022. Other undisclosed investors also participated in the round. The company is a developer of AI productivity tools designed for intelligence workers.

Opaque Systems: The company raised $22 million through the combination of Series A1 and Series A-2 venture funding in a deal led by Walden Catalyst on June 28, 2022, putting the company’s pre-money valuation at $65 million. Intel Capital, Race Capital, The House Fund, FactoryHQ, Storm Ventures, Thomvest Ventures, and other undisclosed investors also participated in the round. The company is a developer of end-to-end stacking software for virtual infrastructure designed to make confidential data useful.

Charles: The company raised EUR 20 million of venture funding from Dawn Capital and other undisclosed investors on June 28, 2022, putting the company’s pre-money valuation at an estimated EUR 67.55 million. The company is an operator of a conversational commerce platform intended to help brands manage and build relationships with their consumers via messaging apps.

Black Swan Data: The company raised GBP 15.2 million of venture funding in a deal led by Oxx on June 30, 2022. AlbionVC also participated in the round. The company is a developer of applied prediction platform designed to enable efficient and effective marketing.

Zigazoo: The company raised $17 million of Series A venture funding in a deal led by Liberty City Ventures on June 28, 2022, putting the company’s pre-money valuation at $63 million. Onefootball, Animoca Brands, Medici Ventures, National Basketball Association, Dapper Labs, Causeway VC, Core Ventures Group, Lightspeed Venture Partners, and Spartan Group also participated in the round. The company is a developer of a fun learning and video-making game intended to make screen-time healthier and fun for kids.

Amaze Software: The company closed on $5 million of targeted $15 million of Series A3 venture funding from ComCap and other existing investors on June 29, 2022. It plans to close on the remaining $10 million by September 1, 2022. The company is a developer of a no-code design software tool designed to allow creators, influencers, makers, smbs, and others to monetize their brand via connecting a simple to use.

Players’ Lounge: The company raised $13.80 million of venture funding from undisclosed investors on July 1, 2022. The company is an operator of an online social gaming platform designed to offer esports competitions for casual gaming.

Good Game: The company raised $13.5 million of Series A venture funding in a deal led by Lightspeed Venture Partners on June 30, 2022, putting the company’s pre-money valuation at $32 million. TQ Ventures, FTX Ventures, Cherry Ventures, Point Nine Capital, Matthew Haag, Alvaro Gonzalez, Jack Dunlop and Tim Evans also participated in the round. The company is a developer of online game community platform designed to connect the streamer and fans.

Token Ring: The company raised $13 million of Series B venture funding in a deal led by Grand Oaks Capital and Tom Golisano on June 29, 2022. Blockchange Ventures, New York Ventures, Jalak Jobanputra, and Roy Bahat also participated in the round. The company is a developer of a biometric-based wearable ring designed to aid users to make payments, powering up a computer, and parting doors.

TwinThread: The company raised $6.10 million of venture funding in the form of Option and Warrants from undisclosed investors on June 28, 2022. The company is a developer of a digital innovation platform designed to permit manufacturers to profit from the industrial internet of things.

Claira: The company raised an undisclosed amount of venture funding from Citi SPRINT on June 29, 2022. The company is a developer of technology intended to create analyzable data From legal & financial documents.

Vizion: The company raised an undisclosed amount of Series A venture funding from Samsung Venture Investment and Maersk Growth on June 29, 2022. The company is a developer of application programming interface (API) platform designed to integrate ocean freight tracking data from almost any carrier in a single and easy-to-use structure.


M&A Transactions

Trader Interactive / Carsales.com: The company reached a definitive agreement to be acquired by Carsales.com for AUD 1.17 billion on June 27, 2022. The company is a provider of online advertising and marketing services intended to serve power sport, recreational vehicle, commercial truck and equipment industries.

Stratus Technologies / SMART Global Holdings: The company reached a definitive agreement to be acquired by SMART Global Holdings for an estimated $275 million on June 28, 2022. The company is a provider of fault-tolerant server platforms and support solutions for computer-based operations and processes in the United States.

Borderfree / Global-e: The company was acquired by Global-e for $100 million on July 1, 2022. The company is a provider of e-commerce services intended to deliver products from premium brands.

Aquantix / Sustainalytics: The company was acquired by Sustainalytics, a subsidiary of Morningstar (NAS: MORN), for an undisclosed amount on June 29, 2022. The company is a provider of location-based analytics intended to precisely quantify climate risks for asset managers and owners.

EduBrite Systems / LinkedIn: The company reached a definitive agreement to be acquired by LinkedIn, a subsidiary of Microsoft, for an undisclosed amount on June 28, 2022. The company is a developer of a SaaS-based online learning platform that enables businesses and training institutes to deliver end-to-end training solutions to their employees, partners and customers.

Fabriq / Deepki: The company was acquired by Deepki for an undisclosed amount on June 28, 2022. The company is a developer of an energy and resource data platform intended to help manage energy and building-performance data across all assets.

Interhaptics / Razer: The company was acquired by Razer for an undisclosed amount on June 30, 2022. The company is a developer of a virtual reality technology designed to be used for haptic immersion.

London Esports / X7 Esports: The company was acquired by X7 Esports for an undisclosed amount on June 27, 2022. The company is an operator of an esports club based in Essex, United Kingdom.

LotteryHub / HeadsUp Entertainment: The company, a business division of Shoutz, was acquired by HeadsUp Entertainment  for an undisclosed amount on June 30, 2022. The company is a developer of mobile engagement and monetization platform designed to allow users to watch live drawings and check the status of lottery tickets.

MemoMi / Walmart: The company reached a definitive agreement to be acquired by Walmart for an undisclosed amount on June 29, 2022. The company is a developer of a digital imaging platform designed to offer an adaptive and controlled camera perspective.

Proletariat / Activision Blizzard: The company was acquired by Activision Blizzard for an undisclosed amount on June 29, 2022. The company is a developer of a gaming platform designed to make games that change the way communities play together.

ROI-DNA / Enero Group: The company was acquired by Enero Group for an undisclosed amount on June 30, 2022. The company is a provider of digital marketing services intended to design and shape projects from every angle of the digital space.

Starboard Solutions / Logility: The company reached a definitive agreement to be acquired by Logility, a subsidiary of American Software , for an undisclosed amount on June 28, 2022. The company is a developer of a logistics optimization platform intended to re-design supply chains.

UrbanThings / Paragon ID: The company was acquired by Paragon ID, for an undisclosed amount on June 29, 2022. The company is a developer of real-time mobile ticketing software to provide seamless commuting services.

Velocidi / Kevel: The company was acquired by Kevel for an undisclosed amount on June 29, 2022. The company is a developer of a customer data platform intended to leverage machine learning and industry practices in identifying current and future customers.

Vivanda / Diageo: The company was acquired by Diageo for an undisclosed amount on June 30, 2022. The company is a provider of a data-driven platform for the food and beverage industry.

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