Technology Private Placement and M&A Transactions Review Week Ending June 25, 2023

Captions: The company raised $25 million of Series B venture funding in a deal led by Kleiner Perkins on June 22, 2023, putting the company’s pre-money valuation at $225 million. Andreessen Horowitz, Sequoia Capital and SV Angel also participated in the round. The company is an operator of an artificial intelligence platform intended to create studio-grade videos.

Acryl Data: The company raised $21 million of Series A venture funding in a deal led by 8VC on June 21, 2023, putting the company’s pre-money valuation at $60 million. Sherpalo Ventures and Guillermo Rauch also participated in the round. The company is a developer of a metadata management platform designed to enable comprehensive data management and discovery.

EvaluAgent: The company raised $20 million of venture funding in a deal led by PeakSpan Capital on June 23, 2023. The company is a developer of cloud-based business-management software designed to evaluate, coach, and engage customer service and sales teams.

Fero Labs: The company raised $15 million of Series A venture funding in a deal led by Climate Investment on June 21, 2023, putting the company’s pre-money valuation at $40 million. Innovation Endeavors, Blackhorn Ventures, Deutsche Invest Capital Partners, and other undisclosed investors also participated in the round. The company is a developer of an automated machine learning platform intended to offer industrial data analytics for factories.

Ampcontrol: The company raised an estimated $10 million of Series A venture funding from The Westly Group and other undisclosed investors on June 20, 2023, putting the company’s pre-money valuation at $38 million. The company is a developer of EV charging services software designed to accelerate the transition to zero-emission vehicles.

HandsDown: The company raised an undisclosed amount of venture funding from Hula, Dudley Fund and Rich Miller on June 20, 2023. Dave Wilkens, Minnow Ventures and other undisclosed investors also participated in the round. The company is a developer of a social commerce platform designed for moms and new parents to guide them with the products that their child needs.

RodeoCPG: The company raised an undisclosed amount of venture funding in a deal led by TAWANI Ventures and BFG Partners on June 21, 2023. Michael Costello, Shane Emmett, Elizabeth Stein, Alison Cayne and Robert Cohen also participated in the round. The company is a developer of a business data management platform intended to provide comprehensive service to retail businesses.

Workscope: The company raised an undisclosed amount of venture funding from Alteryx on June 21, 2023. The company is a developer of workflow analytics software designed to offer insights into spreadsheet usage, operational risks and efficiency opportunities.

Quotient Technology / Charlesbank Capital Partners: Quotient Technologies entered into a definitive agreement to be acquired by Neptune Retail Solutions, via its financial sponsor Charlesbank Capital Partners, through an approximately $430 million public-to-private LBO on June 20, 2023. Quotient Technology Inc is a promotions and media technology company that delivers targeted digital promotions and media for advertisers and retailers to reach consumers.

Eclair Digital Services / Netgem: Eclair Digital Services, a subsidiary of Deluxe Media, reached a definitive agreement to be acquired by Netgem for EUR 4 million on June 23, 2023. The company is a provider of a digital content distribution services platform.

Design Milk Holdings / Sandow Media: Design Milk Holdings, a subsidiary of AHAlife, was acquired by Sandow Media, via its financial sponsor Evolution Media Capital, through an LBO on June 21, 2023 for an undisclosed amount. The company is an operator of a news platform based in Pickerington, Ohio.

Goliath Motion Pictures Promotions / Authentic Holdings, Inc: Goliath Motion Pictures Promotions was acquired by Authentic Holdings, Inc for an undisclosed amount on June 20, 2023. The company produces and distributes motion pictures and television series for international markets.

Hiber / Finch Capital: Hiber was acquired by Finch Capital for an undisclosed amount on June 23, 2023. The company is a developer of a nano-satellite platform designed to provide low-cost IoT data connectivity for sensors globally.

NetSpyGlass / Airgap: NetSpyGlass was acquired by Airgap for an undisclosed amount on June 21, 2023. The company is a developer of a SaaS platform designed to simplify the complexity of network performance monitoring and diagnostics.

nGenious Studio / TONIC DNA: nGenious Studio was acquired by Tonic DNA for an undisclosed amount on June 21, 2023. The company is a 2D and 3D animated films production studio based in Montreal, Canada.

Pixelz.ai / Storyteq: Pixelz.ai was acquired by Storyteq, a subsidiary of Inspired Thinking Group, for an undisclosed amount on June 20, 2023. The company is a developer of an AI avatar and image generator platform intended to generate art and unique images.

Utopia VR / MetaWorks Platforms: Utopia VR reached a definitive agreement to be acquired by MetaWorks Platforms for an undisclosed amount on June 20, 2023. The company is a developer of metaverse-as-a-service platforms designed to deliver pre-built business services for organizations across all industries, with a subscription format.