Strategy | Financing Transactions
Private Placement / Financing Transactions

Waabi: The company raised $200 million of Series B venture funding in a deal led by Uber and Khosla Ventures on June 18, 2024. Volvo Group Venture Capital, Ingka Investments, Export Development Canada, Scania CV, HarbourVest Partners, BDC Capital, Radical Ventures, G2 Venture Partners, Thrive – SVG Ventures, Incharge Capital, Nvidia and Porsche Automobil Holding also participated in the round. The company is a developer of a self-driving technology designed to build a pathway to commercially viable, scalable autonomous driving.

HeyGen: The company raised $60 million of Series A venture funding in a deal led by Benchmark on June 20, 2024, putting the company’s pre-money valuation at $440 million. Bond Orthodontic Partners, Conviction Partners, Thrive Capital, Dylan Field, Elad Gil, Aviv Nevo, Neil Mehta, SV Angel and Bond Capital also participated in the round. The company is a developer of AI video generation platform designed to generate spokesperson marketing videos.

GrayMatter Robotics: The company raised $45 million in Series B venture funding in a deal led by Wellington Management on June 20, 2024, putting the company’s pre-money valuation at $135 million. 3M Ventures, B Capital Group, Swift Ventures, Bow Capital, OCA Ventures, Calibrate Ventures, NGP Capital, Advance Venture Partners, SQN Venture Partners, Euclidean Capital and other undisclosed investors also participated in the round. The company is a developer of industrial robots designed for high-mix low-volume manufacturing applications.

UnitQ: The company raised an estimated $24 million of Series B1 venture funding from Zendesk and other undisclosed investors on June 20, 2024, putting the company’s pre-money valuation at $121 million. The company is a developer of a real-time monitoring software designed to ingest omnichannel user feedback in any language to identify, quantify, and prioritize product bugs.

Epitone: The company raised $20 million of Series A venture funding from Hyosung and other undisclosed investors on an undisclosed date. The company is a developer of a live windshield that projects 3D visual overlays while the user is driving.

Intro: The company raised $15.7 million of venture funding from Renegade Capital, RedWave Ventures and Thomas McInerney on June 21, 2024. The company is a developer of a personalized one-on-one video call platform designed to connect users with experts to get curated advice.

Factory: The company raised $15 million through a combination of debt and Series A venture funding in a deal led by Sequoia Capital on June 18, 2024, putting the company’s pre-money valuation at $101 million. Lux Capital, Mantis VC and other undisclosed investors also participated in the round. The company is a developer of an artificial intelligence based platform designed to streamline computer coding and software engineering.

Omi: The company raised EUR 13 million of venture funding from Founders Future, Dawn Capital and Paul Robson on June 17, 2024. The company is a developer of an AI-powered three-dimensional visual generation platform for brand marketing.

Autify: The company raised $13 million of Series B venture funding in a deal led by LG Technology Ventures and Globis Capital Partners on June 17, 2024. Salesforce Ventures, Archetype Ventures, WiL, and Uncorrelated Ventures also participated in the round. The company is a developer of an AI-powered software testing automation platform.

Plainsight: The company raised $12 million of venture funding from undisclosed investors on June 20, 2024. The company is a developer of an AI-based IoT platform for data visualization.

Unify: The company raised $11.6 million of venture funding from undisclosed investors on June 21, 2024. The company is a developer of performance management platform designed to support sales teams in carrying out daily operations.

Scout: The company raised $10.6 million of venture funding from undisclosed investors on June 18, 2024. The company is a developer of personalized artificial intelligence agents designed to integrate into a website, Slack, Discord, and other platforms.

StoryBox: The company raised EUR 5.5 million of Series A venture funding in a deal led by Wille Finance on June 19, 2024. Gateway Ventures, CK Venture Capital, High-Tech Gründerfonds, and BayBG Venture Capital also participated in the round. The company is a developer of a video creation platform.

Ovation: The company raised $5.8 million through a combination of debt and Series A venture funding in a deal led by TIA Ventures on June 19, 2024, putting the company’s pre-money valuation at $18 million. Rocky Woods Investments, York IE, Tenzing Capital, Peak Ventures, OneValley, Jason Syversen, Jim Mizes, Tammy K. Billings, Erle Dardick, Christopher Sebes, Carin Stutz, AMARCO, Summit Capital Group, Next Chapter Holdings, and other undisclosed investors also participated in the round. The company is a developer of a guest feedback platform for multi-unit restaurants.

Wave Photonics: The company raised GBP 4.5 million of venture funding in a deal led by Cambridge Enterprise and the UK Innovation & Science Seed Fund on June 19, 2024. QAI Ventures, Kyra Ventures, Deep Tech Lab – Quantum, Redstone Digital and Ripple Impact Investments also participated in the round. The company is a developer of an integrated photonics design platform for product development.

Slay: The company raised $5 million of venture funding in a deal led by Accel on June 20, 2024. Laton Ventures, Lior Shiff, Johannes Heinze, Ilkka Paananen, Alex Pall (The Chainsmokers), Riccardo Zacconi and Scooter Braun also participated in the round. The company is a developer of a social media platform designed to offer anonymous compliments.

Starform: The company raised $5 million of venture funding from undisclosed investors on June 21, 2024. The company is an operator of a video game development studio.

Elixir Games: The company raised an undisclosed amount of venture funding from WEMIX on June 20, 2024. The company is a developer of a gaming platform for web3 gaming.

Hana Kuma: The company raised an undisclosed amount of venture funding from The Players Fund on June 17, 2024. The company is an operator of a media production company.

OneScreen.ai: The company raised an undisclosed amount of venture funding from InfluenceIQ Labs on June 18, 2024. The company is a developer of an AI-powered and SaaS-enabled marketing network for OOH and DOOH placements and formats.


M&A Transactions

9 Story Media Group / Scholastic: The company was acquired by Scholastic for $186 million on June 21, 2024. The company is a producer, creator, and distributor of animated and live-action content intended for young audiences.

Jun Group / Verve: The company, a subsidiary of Advantage Solutions, reached a definitive agreement to be acquired by Verve Group for $185 million on June 18, 2024. The company is a developer of a social video platform intended to serve brands, agencies and media companies.

Datajoin / Fullcast: The company was acquired by Fullcast for an undisclosed amount on June 18, 2024. The company is a developer of a no-code, automated solution for integrating first-party sales and marketing data from application to application.

Gaussin-Macnica-Mobility / Macnica: The company reached a definitive agreement to be acquired by Macnica for an undisclosed amount on June 18, 2024. The company manufactures and markets a range of autonomous, driverless and electric vehicles.

Illusive Media / XSET: The company was acquired by XSET for an undisclosed amount on June 20, 2024. The company is an operator of a film production studio based in Virginia Beach, Virginia.

Rockset / OpenAI: The company was acquired by OpenAI for an undisclosed amount on June 21, 2024. The company is a developer of a serverless search and analytics platform designed to build applications without pipelines and data preparation.

Scatter / Evercoast: The company was acquired by Evercoast for an undisclosed amount on June 17, 2024. The company is a developer of a virtual reality filmmaking platform.

StackState / SUSE: The company was acquired by SUSE for an undisclosed amount on June 18, 2024. The company is a developer of an AI-powered full stack observability platform.

Sub(x) / Zuora: The company reached a definitive agreement to be acquired by Zuora for an undisclosed amount on June 18, 2024. The company is a developer of a self-learning artificial intelligence platform designed for customer acquisition and revenue.

TRILLIUM PICTURES / Energy Today: The company was acquired by Energy Today, a subsidiary of QED Connect, for an undisclosed amount on June 20, 2024. The company is a full service multi-media company that produces documentaries, corporate, museum, training and educational videos.


Source: Pitchbook Data, Inc.


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