Technology Private Placement and M&A Transactions Review Week Ending June 19, 2023

Synthesia: The company raised $90 million of Series C venture funding in a deal led by Accel and nVentures on June 13, 2023, putting the company’s pre-money valuation at $910 million. GV, NVIDIA GPU Ventures, MMC Ventures, FirstMark Capital, Kleiner Perkins, Alex Wang, Setcoin Group, Olivier Pomel and Amjad Massadr also participated in the round. The company is a developer of a video synthesis technology designed to generate video from text-based prompts using generative AI.

Fanatiz: The company received $74 million of development capital from Torneos y Competencias, 777 Partners, MEP Capital, Magma Partners and Serengeti Asset Management on June 15, 2023. The company is a developer of a live sports platform designed to stream football games.

Primer: The company raised $69 million of Series D venture funding in a deal led by Addition on June 14, 2023, putting the company’s pre-money valuation at $200 million. US Innovative Technology Fund and other undisclosed investors also participated in the round. The company is a developer of a machine intelligence platform designed to automate the analysis of large datasets.

Gensyn: The company raised $43 million of Series A venture funding in a deal led by Andreessen Horowitz on June 12, 2023. with participation from CoinFund, Protocol Labs, Canonical Crypto, Eden Block, Maven 11, Peer VC, Zee Prime, Id4, M31 Capital, and other angels also participated in the round. The company is a developer of data nodes designed to train models on any data using decentralized machine learning nodes.

F1 Arcade: The company raised GBP 30 million of venture funding in a deal led by Formula One, DMG Ventures and Liberty Media on June 12, 2023. Imbiba, Lando Norris and Zak Brown also participated in the round. The company is an operator of a social gaming platform intended to offer a racing simulation experience.

Nx Cloud: The company raised $32.2 million of venture funding from undisclosed investors on June 13, 2023. The company is a developer of a coding platform created to help companies design software using automated distribution of tasks across machines for maximum parallelization and CPU optimization.

Fireside Chat: The company closed on $25 million of an undisclosed targeted amount of venture funding on June 15, 2023. The company is a developer of a next-generation podcast platform allowing creators to engage the audience through live, interactive, virtual shows.

Covariant: The company raised $23.4 million of venture funding from undisclosed investors on June 14, 2023. The company is a developer of AI-based robots and software designed for pick and place operations in warehouses and fulfilment centers.

BLACKBIRD.AI: The company raised $20 million of Series Bventure funding in a deal led by Ten Eleven Ventures on June 15, 2023, putting the company’s pre-money valuation at $60 million. Dorilton Capital, Trousdale Ventures, Generation Ventures, StartFast Ventures Management, Tanegra, Paul Kurtz and Richard Clarke also participated in the round. The company is a developer of an AI-based real-time misinformation analysis platform designed to identify misinformation for journalists, media organizations, governments, and concerned citizens.

SiMa.ai: The company raised $13 million of venture funding from VentureTech Alliance and Navin Chaddha on June 13, 2023. The company is a developer of machine learning and embedded edge computing technology focused on solving computer vision challenges in smart vision, robotics and Industry 4.0, drones, autonomous vehicles, healthcare, and the government sector.

Collov: The company raised an estimated $10 million of Series A venture funding in a deal led by Detao Capital on June 12, 2023. Jiangmen Ventures, Ameba Capital and Taihill Venture also participated in the round. The company is a developer of a virtual interior design and shopping platform designed to provide an interactive interior design experience.

Game Cloud Network: The company raised $10 million of venture funding from Seismic Capital on June 14, 2023. The company is an operator of an advertising, enterprise media, and gaming platform intended to authentically engage modern consumers.

Caya: The company raised EUR 6 million of venture funding in a deal led by Neosfer on June 13, 2023. Müller Medien, Dutch Founders Fund, IBB Ventures, HV Capital, Christian Oldendorff and other undisclosed investors also participated in the round. The company is a developer of a digital mail platform intended to receive letters and digitize physical mail.

EdgeTier: The company raised EUR 6 million of Series A venture funding in a deal led by Smedvig Capital on June 13, 2023. Episode 1 Ventures and Act Venture Capital also participated in the round. The company is a developer of an enterprise system designed to provide customer service, simulation, and analytics services.

Million Victories: The company raised $6 million of Series A venture funding in a deal led by Eurazeo and Griffin Gaming Partners on June 14, 2023, putting the company’s pre-money valuation at an estimated $21.2 million. The company is an operator of a gaming studio intended to create challenging, dynamic and competitive mobile games.

Akselos: The company raised an undisclosed amount of venture funding from GRO Capital on June 13, 2023. The company is a developer of engineering simulation technology intended to offer software for the design and virtual prototyping of complex products.

Wayve: The company raised an undisclosed amount of venture funding from Firstminute Capital on June 12, 2023. The company is a developer of AI-based software designed for autonomous driving.

BetFIRST / Betsson: Betsson reached a definitive agreement to acquire betFIRST, a subsidiary of IPM Group, for EUR 120 million on June 15, 2023. The company is a sports betting and gaming operator catering to the online gaming market in Belgium.

LeddarTech / Prospector Capital: The company reached a definitive agreement to acquire Prospector Capital Corp. through a reverse merger, resulting in the combined entity trading on the Nasdaq Stock Exchange under the ticker symbol “LDTC” on June 12, 2023. The transaction values LeddarTech at a pro-forma equity value of $348 million. The company develops advanced driver assistance and autonomous driving applications designed for object detection and ranging in the field of autonomous driving.

Indieflix / Unknown Investor: Indieflix, a subsidiary of Liquid Media Group, was acquired for $1.2 million on June 16, 2023. The company is a provider of edutainment and streaming services intended to create, promote, and support social impact films.

Braight AI / Kings Entertainment: Braight AI reached a definitive agreement to be acquired by Kings Entertainment for an undisclosed amount on June 14, 2023. The company is a developer of a customer behavior analysis platform designed for customer risk assessment.

CoxReps / Locality: CoxReps merged with Gamut to form Locality on June 14, 2023. The company provides television advertising services based in New York, United States, and specializes in national television advertising sales representation.

Fairwords / MyComplianceOffice: Fairwords reached a definitive agreement to be acquired by MyComplianceOffice for an undisclosed amount on June 13, 2023. The company is a developer of a digital communication monitoring platform designed to perform real-time compliance reviews.

Neccton / OpenBet Technologies: Neccton was acquired by OpenBet Technologies, a subsidiary of Endeavor, for an undisclosed amount on June 13, 2023. The company is a provider of gambling services for anti money laundering, fraud, and responsible gaming.

Netra / Claravine: Netra was acquired by Claravine for an undisclosed amount on June 15, 2023. The company develops video analytics technology designed to ensure brand safety and contextual awareness.

Opscruise / Virtana: Opscruise was acquired by Virtana for an undisclosed amount on June 15, 2023. The company is a developer of a cloud management application designed to provide performance assurance in cloud operation management.

RadioKing / Towercast: RadioKing, a subsidary of Ausha, was acquired by Towercast, a subsidiary of NRJ Group, for an undisclosed amount on June 14, 2023. The company is an operator of an Internet radio station based in Croix, France.

Seervision / QSC: Seervision reached a definitive agreement to be acquired by QSC for an undisclosed amount on June 13, 2023. The company develops audio-visual camera and automation software intended to enhance the hybrid meeting experience.

Timehop / Punchbowl: Timehop was acquired by Punchbowl for an undisclosed amount on June 13, 2023. The company is a developer of a digital platform intended to help people find new ways to connect with their friends from the past by collecting old photos and posts from various social media sites.