Technology Private Placement and M&A Transactions Review Week Ending July 9, 2023

Aleph Alpha: The company raised an estimated EUR 100 million of venture funding from SAP, Intel, and Nvidia on July 3, 2023, putting the company’s pre-money valuation at an estimated EUR 350 million. The company is a developer of a generalizable artificial intelligence technology platform.  The company’s technology analyzes images and texts by understanding their context. It can write texts, answer open-ended questions, create summaries, and translate complex texts into simpler ones.

Hootsuite: The company raised $47.9 million of venture funding in the form of options in a deal led by Lionfish Capital on July 3, 2023. DT Unicorn Fund, Polaris Capital, Craft Ventures, Saints Capital and Barr & Co also participated in the round. The company is a developer of a social media management platform designed to assist organizations in connecting with customers.

Seegrid: The company received $16 million of development capital from undisclosed investors on July 6, 2023. The company is a developer of autonomous mobile robots intended to serve clients in the manufacturing, warehousing, logistics and material handling sectors.

DataGalaxy: The company raised $10 million of venture funding in a deal led by AV8 Ventures on July 6, 2023. Orange Ventures, Newfund Management and Evolem also participated in the round. The company is a developer of a data-mapping platform designed to provide enterprise data management and access.

Amplify Pictures: The company raised an undisclosed amount of venture funding from Great Mountain Partners on July 7, 2023. The company is an operator of an independent television studio intended to produce innovative and compelling TV stories.

Level Up Basketball: The company raised an undisclosed amount of venture funding from The Daily Challenge Fund on July 9, 2023, putting the company’s post-valuation at $5 million. The company is a developer of a basketball training mobile social app designed for the skills training community of basketball players and coaches.

Paperspace / DigitalOcean: The company was acquired by DigitalOcean for $111 million on July 6, 2023. Paperspace is an operator of a cloud-based virtual desktop platform intended to make cloud computing more accessible.

Playmaker / Better Collective: The company was acquired by Better Collective for $54 million on July 3, 2023. Playmaker is a developer of a sports and entertainment media platform intended to offer merchandise for sports enthusiasts.

iMedia Brands / RNN Media Group: The company reached a definitive agreement to be acquired by RNN Media Group for $50 million on July 7, 2023. iMedia Brands Inc is a global media company that manages a portfolio of shopping television networks and web service businesses, primarily in North America, for English and Spanish-speaking audiences.

3radical / Electric Guitar: The company reached a definitive agreement to be acquired by Electric Guitar through a reverse merger on July 07, 2023. 3radical is a developer of mobile gamification software designed to help brands achieve higher levels of consumer engagement.

CoolGames / Keesing Media Group: The company was acquired by Keesing Media Group, via its financial sponsor BC Partners, through an LBO on July 6, 2023 for an undisclosed amount. CoolGames is a developer and distributor of cloud-based HTML5 games intended for social media, messenger platforms or websites.

Etagis / MAIT: The company was acquired by MAIT, via its financial sponsor 3i Group, through an LBO on July 7, 2023. Etagis is a developer of enterprise resource planning (ERP) software intended for production planning and controlling.

GhostTheMusical.com / Star Tickets: The company was acquired by Star Tickets for an undisclosed amount on July 5, 2023. GhostTheMusical.com is an operator of a digital platform dedicated to the musical Ghost.

Hangar Z Podcast / MHM Publishing: The company was acquired by MHM Publishing for an undisclosed amount on July 5, 2023. Hangar Z Podcast is an operator of an avation oriented podcast based in Kitchener, Canada.

Izberg / LUNDI MATIN GROUPE: The company was acquired by LUNDI MATIN GROUPE for an undisclosed amount on July 7, 2023.  Izberg is a provider of a multi-seller marketplace intended to add a new set of sales channels to an organization’s digital strategies.

Knowliah / STP Information Technology: The company was acquired by STP Information Technology, via its financial sponsors Maguar Capital Management and Bregal Unternehmerkapital, through an LBO on July 6, 2023 for an undisclosed amount. Knowliah is a developer of information creation and management software designed for corporate legal matter management.

RapidIT-Cloudbera / Kainos Group: The company was acquired by Kainos Group for an undisclosed amount on July 3, 2023. RapidIT-Cloudbera is an operator of an information technology platform intended to provide cloud-based automation testing, security validations, and AI maintenance solutions.

Techsembly / Sabre Corporation: The company was acquired by Sabre Corporation for an undisclosed amount on July 5, 2023. Techsembly is an operator of an e-commerce platform intended to enable businesses to scale globally while remaining relevant in local markets.

Toolfarm / Midwich Group: The company was acquired by Midwich Group (LON: MIDW) for an undisclosed amount on July 7, 2023. Toolfarm is a developer and distributor of video software products and plugins designed for 3D and motion graphics.

Travelin Bone Entertainment / Individual Investor: The company was acquired by Thanasis Antetokounmpo for an undisclosed amount on July 6, 2023. Travelin Bone Entertainment is an operator of entertainment studio based in Los Angeles, United States.

United Stations Radio Networks / Gemini XIII: The company was acquired by Gemini XIII, via its financial sponsor Brush Creek Partners, through an LBO on July 5, 2023 for an undisclosed amount. United Stations Radio Network is an operator of a radio network based in New York, United States.

Waldo / Tricentis: The company was acquired by Tricentis for an undisclosed amount on July 7, 2023. Waldo is a developer of mobile application testing software.

Wrike / STG Partners: The company was acquired by STG Partners through an LBO on July 7, 2023 for an undisclosed amount.  Wrike is a developer of a collaborative work management platform designed for businesses in the retail, media, healthcare and technology industries.