Strategy | Financing Highlight

Private Placement / Financing Transactions

Onefootball: The company raised $300 million of Series D venture funding in a deal led by Liberty City Ventures on April 28, 2022. Animoca Brands, DAH Beteiligungs, Alsara Investment Group, RIT Capital Partners, Dapper Labs, Quiet Capital, and Senator Investment Group also participated in the round. The company is an operator of a football media platform intended to provide live streaming and news updates about professional football from around the world.

KINEXON: The company raised $130 million of Series A venture funding in a deal led by Thomas H. Lee Partners on April 26, 2022. BMW i Ventures and Telekom Innovation Pool also participated in the round. The company is a developer of specialized IoT technologies designed to connect and automate operations.

Replicant: The company raised $78 million through Series B venture funding in a deal led by Stripes on April 26, 2022, putting the company’s pre-money valuation at $400 million. Norwest Venture Partners, Salesforce Ventures, Omega Venture Partners, Alumni Ventures, Atomic Labs, IRONGREY, and other undisclosed investors also participated in the round. The company is a developer of a conversational artificial intelligence platform intended to provide always-on support to resolve customer issues over the phone.

RelationalAI: The company raised $75 million of Series B venture funding in a deal led by Tiger Global Management on April 26, 2022, putting the company’s pre-money valuation at $520 million. Madrona Venture Group, Addition, Menlo Ventures, and other undisclosed investors also participated in the round. The company is a developer of a relational knowledge graph system designed to solve complex business problems.

Adept: The company raised $65 million of Series A venture funding in a deal led by Greylock Partners and Addition on April 26, 2022. Root Ventures, Air Street Capital, Scott Belsky, Howie Liu, Chris Re, Andrej Karpathy, and Sarah Meyohas also participated in the round. The company is a developer of innovative technology intended to build general intelligence.

Movable Ink: The company raised $55 million of Series D venture funding in a deal led by Silver Lake on April 28, 2022, putting the company’s pre-money valuation at $1.3 billion. Intel Capital, Contour Venture Partners, and other undisclosed investors also participated in the round. The company is an operator of a digital marketing platform designed to take any data and activate it into real-time, personalized creation.

Riverside: The company raised $35 million of Series A-1 venture funding in a deal led by Oren Zeev on April 26, 2022, putting the company’s pre-money valuation at $300 million. Seven Seven Six, Lachy Groom, and other undisclosed investors also participated in the round. The company is a developer of recording software designed to record remote interviews in studio quality.

Clerk Retail: The company raised $29.6 million of Series B venture funding in a deal led by Sageview Capital on April 29, 2022. The company is a developer of a grocery digital advertising platform designed to reach the local community easily.

Verana Networks: The company raised $28 million of Series B1 venture funding in a deal led by DC Investment Partners on April 26, 2022, putting the company’s pre-money valuation at $62 million. Lockheed Martin Ventures, TDK Ventures, Taiwania Capital, Spark Capital, Aspiro Capital Management, Bold Capital Partners, and other undisclosed investors also participated in the round. The company is a developer of 5G Radio Access Network equipment designed to offer gigabit wireless connectivity in a licensed millimeter wave spectrum.

Exafunction: The company raised $25 million of Series A venture funding in a deal led by Greenoaks Capital Partners on April 28, 2022. Founders Fund also participated in the round. The company is a developer of a deep learning acceleration platform designed to simplify and accelerate the deep learning workload.

Wisq: The company raised $20 million of Series A venture funding in a deal led by Norwest Venture Partners on April 25, 2022. True Ventures and Shasta Ventures also participated in the round. The company is a developer of computer software designed to help people be co-operative together at work.

QuantalRF: The company raised $15 million of Series C venture funding in a deal led by Dara Capital and Metellus on April 26, 2022. Other undisclosed investors also participated in the round. The company is a developer of a radio receiver architecture technology designed to improve weak signal performance and power consumption while lowering costs.

deepset: The company raised EUR 13.3 million of Series A venture funding in a deal led by GV on April 28, 2022, putting the company’s pre-money valuation at an estimated EUR 48.8 million. Lunar Ventures, Acequia Capital, Harpoon Ventures, and System.One also participated in the round. The company is a developer of machine language software designed to read and understand any kind of text.

Loris: The company raised $12 million of Series A venture funding in a deal led by ServiceNow Ventures and Bow Capital on April 26, 2022, putting the company’s pre-money valuation at $48 million. Floodgate Fund, Vertex Ventures US, and other undisclosed investors also participated in the round. The company is an operator of a machine-learning-based software platform for companies to navigate difficult conversations.

Cassia Networks: The company raised an estimated $10 million of Series C venture funding from ABB Technology Ventures on April 26, 2022, putting the company’s pre-money valuation at $100 million. The company is a developer of IoT-connected wireless routers designed to connect and control Bluetooth devices.

Picsart: The company raised $9.2 million of venture funding in the form of convertible debt from undisclosed investors on April 27, 2022. The company is a developer of a mobile photo-editing application designed to facilitate the process of photo and video editing.

Vaunt: The company raised $7.3 million of Series A venture funding from Infinite, Elysian Park Ventures, and Founders First on April 25, 2022, putting the company’s pre-money valuation at $12.8 million. 305 Ventures, Justin Tuck, Michele Roberts, True Capital Management, and David Levy also participated in the round. The company is an operator of a social influencer marketing platform designed to bridge the gap between brands, athletes, and entertainers.

Picterra: The company raised CHF 6.3 million of Series A venture funding in a deal led by VI Partners on April 27, 2022, putting the company’s pre-money valuation at an estimated CHF 54.1 million. ACE & Company and other undisclosed investors also participated in the round. The company is an operator of a geospatial data platform intended to extract information and actionable insights from satellite images.

Hyperreal: The company raised an undisclosed amount of venture funding from CJ E&M on April 28, 2022. The company is an operator of a metaverse studio and entertainment company intended to maximize immersive entertainment in the world of virtual appearances.

PlayOn! Sports: The company raised an undisclosed amount of venture funding from Kohlberg Kravis Roberts and Panoramic Ventures on April 26, 2022. The company is an operator of a digital media platform intended to produce, distribute, and monetize high school sports.

R-Go Robotics: The company raised an undisclosed amount of Series A venture funding from Converge Venture Partners, StageOne Ventures, and MoreTech Ventures on April 27, 2022. The company is a developer of an artificial perception technology designed to understand its surroundings and operate autonomously.


M&A Transactions

Twitter / Elon Musk: The company reached a definitive agreement to be acquired by Elon Musk for $44 billion on April 25, 2022. Mr. Musk has secured $25.5 billion of fully committed debt and margin loan financing and is providing an approximately $21 billion equity commitment. Twitter is an open distribution platform for and a conversational platform around short-form text, images, and video content.

EON Reality / Arogo Capital Acquisition: The company reached a definitive agreement to acquire Arogo Capital Acquisition through a reverse merger for an estimated $101 million, resulting in the combined entity trading on the Nasdaq Stock Exchange under the ticker symbol “EOXR” on April 26, 2022. The company is a developer of augmented reality and virtual reality software designed to create customized virtual environments.

Bit Discovery / Tenable: The company was acquired by Tenable for $44.5 million on April 26, 2022. The company is a developer of a website discovery and portfolio management system designed to help organizations to identify and manage their myriad of websites.

Connected Lab / ThoughtWorks: The company was acquired by ThoughtWorks for an undisclosed amount on April 27, 2022. The company is an owner and operator of a digital product development firm intended for organizations to build software-powered products at speed and scale.

Cortex Labs / Databricks: The company was acquired by Databricks for an undisclosed amount on April 25, 2022. The company is a developer of a serverless computing platform designed to facilitate machine learning engineering at scale.

Crozdesk / BWZ Media: The company was acquired by BWZ Media for an undisclosed amount on April 28, 2022. The company is a developer of a business software discovery platform designed to connect software buyers with B2B SaaS product sellers.

Go Fan / PlayOn! Sports: The company reached a definitive agreement to be acquired by PlayOn! Sports for an undisclosed amount on April 26, 2022. The company is a developer of ticket creating and distributing software designed to give brands a local voice.

HiSports Ventures / Spordle: The company was acquired by Spordle for an undisclosed amount on April 26, 2022. The company is a developer of sports management ERP designed to create, grow, and manage top-tier sports experiences.

Interactive Fitness Holdings / Blue Goji: The company was acquired by Blue Goji for an undisclosed amount on April 25, 2022. The company is a manufacturer of gaming fitness equipment intended to engage people in their workouts and make them fun.

Kaspr / Cognism: The company was acquired by Cognism for an undisclosed amount on April 27, 2022. The company is a developer of a lead generation platform designed to ease the process of connecting businesses with people.

Kast / Live Current Media: The company was acquired by Live Current Media for an undisclosed amount on April 26, 2022. The company is a developer of a virtual living room platform designed for people to watch, play, and be together.

Later / Mavrck: The company was acquired by Mavrck and Summit Partners for an undisclosed amount on April 27, 2022. The company is an operator of a social marketing platform intended to provide social media marketing tools that are accessible for all businesses.

Slapdash / Clickup: The company was acquired by Clickup for an undisclosed amount on April 26, 2022. The company is a developer of a single interface tool designed to search, organize, and launch files similar to using a computer.

Youreka Labs / Dispatch Technologies: The company was acquired by Dispatch Technologies for an undisclosed amount on April 26, 2022. The company is a developer of robotic smart mobile assistants built to assist frontline workers in performing their jobs safely and efficiently.

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