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

Verity: The company raised CHF 30 million of Series B venture funding in a deal led by A.P. Moller Holding on March 14, 2023. Exor and other undisclosed investors also participated in the round. The company is a manufacturer of autonomous drone systems for automated warehouse inventory tracking, and live event lighting effects.

Linden Lab: The company received $22 million of development capital from Dunamu and J.P. Morgan on March 14, 2023. The company is a developer of an internet-based virtual platform intended to empower people to create, share and benefit from virtual experiences.

Seldon: The company raised GBP 16.5 million of Series B venture funding in a deal led by Bright Pixel Capital on March 16, 2023, putting the company’s pre-money valuation at GBP 19.3 million. AlbionVC, Amadeus Capital Partners and Cambridge Innovation Capital also participated in the round. The company is a developer of an open-source machine learning deployment platform designed to streamline the data science workflow.

Graft: The company raised $14.5 million of venture funding from undisclosed investors on March 14, 2023. The company is a developer of a cloud-native platform designed to provide unstructured data analysis.

Aimpower: The company raised EUR 6.5 million of venture funding from Nordwind Growth on March 13, 2023. The company is a developer of a brand management platform intended to optimize digital marketing.

Groopit: The company raised $6.3 million of venture funding from WestRiver Group and other undisclosed investors on March 13, 2023. The company is a developer of a collaboration platform designed to accelerate results across an organization.

Mage: The company raised $5.5 million of venture funding from undisclosed investors on March 16, 2023. The company is a developer of a low-code AI tool designed to equip product development with accessible AI technology.

Avalanche: The company raised an undisclosed amount of venture funding from Propel Capital Network on March 16, 2023. The company is a developer of a marketing analytics application designed to connect brands with customers through cognitive and emotional campaigns.

DeepMotion: The company raised an undisclosed amount of venture funding from BANDAI NAMCO Entertainment on March 17, 2023. The company is a developer of a motion intelligence platform designed to bring 2D and 3D digital characters to life through motion technology.

Cvent / Multiple Investors: The company entered into a definitive agreement to be acquired by Vista Equity Partners, Blackstone and Abu Dhabi Investment Authority through an estimated $4.6 billion public-to-private LBO on March 14, 2023. Cvent Holding Corp is a cloud-based platform for enterprise event marketing and management, and hospitality solutions.

Mint Mobile / T-Mobile USA: The company reached a definitive agreement to be acquired by T-Mobile USA for $1.35 billion on March 15, 2023. The company is a provider of wireless service plans based in Fountain Valley, California.

AudioSalad / SESAC: The company was acquired by SESAC, via its financial sponsor Blackstone, through an LBO on March 14, 2023 for an undisclosed amount. The company is a developer of metadata and repertoire management and distribution platforms for the music and entertainment industries.

Bidtellect / Simpli.fi: The company was acquired by Simpli.fi, via its financial sponsors GTCR and Blackstone, through an LBO on March 13, 2023 for an undisclosed amount. The company is an operator of a marketing platform intended to serve companies, agencies and brands.

Broadly / Vendasta: The company was acquired by Vendasta for an undisclosed amount on March 17, 2023. The company is an operator of an all-in-one marketing platform intended to help local businesses expand their reach.

Celsius Online / Dear Villagers: The company was acquired by Dear Villagers, via its financial sponsor Bridgepoint Advisers, through an LBO on March 14, 2023 for an undisclosed amount. The company is a developer of free-to-play games designed to be played on web browsers, tablets and smartphones.

FreeNFT / Limit Break: The company a subsidiary of Atomic Search reached a definitive agreement to be acquired by Limit Break for an undisclosed amount on March 15, 2023. The company is an operator of a non-fungible token platform focused on web3 gaming.

Globality / Foyer: The company reached a definitive agreement to be acquired by Foyer for an undisclosed amount on March 13, 2023. The company is an operator of a global market research marketplace intended to match corporations with service providers throughout the world.

Pyroscope / Grafana Labs: The company was acquired by Grafana Labs for an undisclosed amount on March 15, 2023. The company is a developer of an open-source continuous profiling platform designed to monitor and debug applications and APIs.

Sirdata / Proxistore: The company was acquired by Proxistore, via its financial sponsors Société Régionale d’Investissement de Wallonie, Societe D’investissement De Mons Du Borinage Et Du Centre, and ING Bank, through an LBO on March 16, 2023 for an undisclosed amount. The company is a provider of data technology services designed to cater to the needs of web publishers and advertisers.

Tinyclues / Splio: The company was acquired by Splio, via its financial sponsors Omnes Capital, Naxicap Partners, Amundi Private Equity Funds, BNP Paribas Développement, SWEN Capital Partners, Ring Capital and Bpifrance, through an LBO on March 13, 2023 for an undisclosed amount. The company is a developer of a digital marketing software designed to prepare advertising campaign planning and strategies.