Strategy | Financing Highlight

Private Placement / Financing Transactions

Devo: The company raised $100 million of Series F venture funding in a deal led by Eurazeo on June 2, 2022, putting the company’s pre-money valuation at $1.9 billion. Insight Partners, General Atlantic, ISAI Cap Venture, Kibo Ventures Partners, Georgian, Bessemer Venture Partners and TCV also participated in the round. The company is a developer of a data analytics software designed to provide a complete and unified view of business operations.

WorkOS: The company raised $80 million of Series B venture funding in a deal led by Greenoaks Capital Partners on June 1, 2022, putting the company’s pre-money valuation at $445 million. Lightspeed Ventures, Abstract Ventures, and 10 other individual investors also participated in the round. The company is a developer of a secure data-driven integration platform designed to help startups in preparing for business growth.

Laminar: The company raised $62 million of Series A venture funding in a deal led by Insight Partners on June 2, 2022. SentinelOne, Tiger Global Management, Salesforce Ventures, TLV Partners, and Meron Capital also participated in the round. The company is an operator of an online platform intended to provide full visibility into data flows.

RealWear: The company raised $23.5 million of Series C venture funding in a deal led by Foundry Group on June 1, 2022, putting the company’s pre-money valuation at $230 million. Qualcomm Ventures, Kopin, Columbia Ventures and other undisclosed investors also participated in the round. The company is a developer of a hands-free headset designed to improve safety and increase productivity at industrial work.

Felt: The company raised $15 million of Series A venture funding in a deal led by Footwork on May 31, 2022, putting the company’s pre-money valuation at $45 million. Designer Fund, Bain Capital Ventures, Shakti, Moxxie Ventures and 12 angel investors also participated in the round. The company is a developer of a collaborative mapping tool designed to provide a way to make maps on the internet.

TripScout: The company raised an estimated $10.3 million of Series A venture funding in a deal co-led by Corazon Capital and Accomplice VC on June 2, 2022. New Stack Ventures, MATH Venture Partners and M25 also participated in the round. The company is an operator of a travel entertainment platform intended to offer articles and videos from leading publishers and local influencers for each destination.

Kryptomon: The company raised $10 million of venture funding in a deal led by NFX on May 30, 2022. PLAYSTUDIOS, Griffin Gaming Partners, Tal Ventures, and Vikram Pandit also participated in the round. The company is an operator of a blockchain gaming platform.

Try Your Best: The company raised $9.8 million of venture funding in a deal led by SoGal Ventures and Unusual Ventures on June 3, 2022. Color (Portland), Castle Island Ventures and Pentas Ventures also participated in the round. The company is a Web3 developer of an online portal intended for consumers and creators to influence brands and get rewarded with brand coins, collectibles, exclusive products and promotions.

FundamentalVR: The company raised GBP 7 million of Series B venture funding from undisclosed investors on May 31, 2022, putting the company’s pre-money valuation at GBP 23 million. The company is an operator of a medical education platform intended to harness the opportunity of virtual, mixed, and augmented reality for the healthcare industry.

Corvus Robotics: The company raised $8 million of venture funding from Spero Ventures and other undisclosed investors on June 3, 2022. The company is a developer of indoor drones used to collect data for analytics to help warehouses with inventory management.

AIRIA: The company raised an undisclosed amount of venture funding from Vitalize Venture Capital in June 2022. The company is a developer of self-learning spatial analytics platform designed for safety facilities and IT teams to manage resources.

BoomLand: The company raised an undisclosed amount of venture funding from Polygon Ventures on June 2, 2022. The company is an operator of a Web3 blockchain-based gaming platform, with its own Metaverse, Marketplace and Play And Earn ecosystem.

Epic Blue: The company raised an undisclosed amount of venture funding from Société de Participation et de Gestion in June 2022. The company is a developer of location tracking technology designed to provide indoor and outdoor location positioning services using Bluetooth technology.

Jellysmack: The company raised an undisclosed amount of venture funding from Junction Venture Partners in June 2022. The company is a developer of a creative video platform designed to enhance brand recognition and build communities, using video content.

Lerna AI: The company raised an undisclosed amount of venture funding from Genesis Ventures on June 3, 2022. The company is a developer of mobile user profiling systems designed to help mobile apps improve their user engagement, via on-device federated learning.

Matternet: The company raised an undisclosed amount of Series B venture funding from 5G Ventures on June 1, 2022. The company is a developer of an on-demand delivery platform designed to offer fully automated and battery-enabled package exchange.

SimpleBet: The company raised an undisclosed amount of venture funding from Junction Venture Partners in approximately June 2022. The company is a developer of a sports betting platform designed to make betting on sports easier.


M&A Transactions

Spin Games / Bragg Gaming Group: The company was acquired by Bragg Gaming Group for approximately $30 million on June 1, 2022. The company is a developer of online gaming content and technology intended for regulated B2B social and real money gaming markets.

ReelNRG / Lady Luck Games: The company was acquired by Lady Luck Games for SEK 8.25 million on May 30, 2022. The company is a developer of online games based in London, England.

AnswerThePublic / NP Digital: The company was acquired by NP Digital for an undisclosed amount on May 31, 2022. The company is a provider of keyword search solutions intended to autocomplete data from search engines.

Auryc / Heap: The company was acquired by Heap for an undisclosed amount on June 1, 2022. The company is a developer of a visual intelligence platform designed to assist businesses in customer analytics.

Codeplay / Intel: The company reached a definitive agreement to be acquired by Intel for an undisclosed amount on June 1, 2022. The company is a developer of enterprise software designed to bridge the gap between artificial intelligence processors and artificial intelligence application developers.

CrowdEngage / Activity Stream: The company was acquired by Activity Stream for an undisclosed amount on June 2, 2022. The company is a developer of mobile ticketing software for event planners.

Delivery Solutions / United Parcel Service: The company was acquired by United Parcel Service for an undisclosed amount on May 31, 2022. The company is a developer of SaaS-based white-label delivery management and orchestration platform designed to help with enterprise-grade prime home delivery for retailers.

Gummicube / Airship: The company was acquired by Airship for an undisclosed amount on June 1, 2022. The company is an operator of a data consultancy platform intended to offer mobile marketing and market consultancy services.

Hiber / Astrocast: The company reached a definitive agreement to be acquired by Astrocast for an undisclosed amount on May 30, 2022. The company is a developer of nanosatellite platform designed to provide low-cost IoT data connectivity for sensors globally.

Nitto Bend Technologies / Nitto Denko: The company was acquired by Nitto Denko for an undisclosed amount on June 1, 2022. The company is a developer of a soft silicone sensor platform intended for measuring human motion.

Postlight / NTT Data: The company reached a definitive agreement to be acquired by NTT Data, a subsidiary of NTT DoCoMo, for an undisclosed amount on June 1, 2022. The company is a provider of information technology services intended to offer strategy, design and engineering to drive digital transformation.

RankSense / seoClarity: The company was acquired by seoClarity for an undisclosed amount on June 1, 2022. The company is an operator of an SEO platform intended for e-commerce sites.

Snapwire / StudioNow: The company was acquired by StudioNow for an undisclosed amount on June 1, 2022. The company is an operator of a photo assignment marketplace intended to help scale visual production.

SPEAKRS / Studytube: The company was acquired by Studytube for an undisclosed amount on June 1, 2022. The company is a developer of an edutainment platform based in Almere, Netherlands.

Trailmix / Supercell: The company was acquired by Supercell, a subsidiary of Tencent Holdings, for an undisclosed amount on May 30, 2022. The company is a developer of interactive entertainment products designed to deliver original and memorable gaming experiences across all popular platforms.

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