Technology Private Placement and M&A Transactions Review Week Ending May 14, 2023

Eleven Labs: The company raised $18 million through a combination of Series A-1 and Series A-2 venture funding from Andreessen Horowitz. and other undisclosed investors on May 8, 2023, putting the company’s pre-money valuation at $82 million. The company is a developer of voice dubbing tools designed to automatically dub videos and podcasts into other languages.

Everseen: The company received EUR 65 million of development capital from Crosspoint Capital Partners on May 11, 2023. The company is a developer of an artificial intelligence-powered vision software designed to improve efficiency by minimizing shrink and streamlining operations through monitoring checkout lanes, aisles, at the receiving door and further into the supply chain.

Data Vault: The company raised $33 million of Series A venture funding from undisclosed investors on May 8, 2023. The company is a developer of a cloud-based data management platform intended to offer a data management system for data asset transformation and monetization.

Prewave: The company raised EUR 18 million of Series A venture funding in a deal led by Creandum on May 9, 2023. Speedinvest, Klarn, seed + speed Ventures, Segnalita Ventures, Ventech, Kompas VC, Working Capital and Xista science venture also participated in the round. The company is a developer of a data analytics platform designed to predict supply chain risks by analyzing data.

Rewind: The company is reportedly in the process of raising $12 million of venture funding in a deal led by New Enterprise Associates on May 9, 2023, putting the company’s pre-money valuation at an estimated $338 million. The company is a developer of a search engine designed to record meetings and transform them into instantly searchable and shareable video and text.

Triumph Labs: The company raised $10.2 million of Series A venture funding in a deal led by General Catalyst on May 10, 2023, putting the company’s pre-money valuation at $41 million. Strike Capital, Flux Capital, Tribe Capital, Raven One Ventures, NOMO Ventures, Great Oaks Venture Capital, MVP Ventures, Valhalla Ventures, Heroic Ventures, HNVR Technology Investment Management, Steel Perlot, and The Box Group also participated in the round. The company is a developer of an integrated mobile gaming application designed to replace or augment existing monetization channels.

Clearpath Robotics: The company raised an undisclosed amount of venture funding from Mitsubishi Electric on May 11, 2023. The company is a developer of self-driving technology intended to facilitate autonomous mobile robotics, robot development, deployment, and operation.

QScale: The company is in the process of raising venture funding from Aligned Data Centers, Desjardins Capital and Government of Quebec on May 9, 2023. The company plans to close the round by second quarter of 2023. The company is a developer of computing infrastructure designed for AI processing.

Sumo Logic / Francisco Partners: The company was acquired by Francisco Partners through a $1.7 billion public-to-private LBO on February 8, 2023. Sumo Logic Inc is a software company that provides a software-as-a-service analytics platform for reliable and secure cloud-native applications that helps its customers ensure application reliability, secure and protect against modern security threats, and gain insights into cloud infrastructure.

Propel Media / IQVIA: The company was acquired by IQVIA, a subsidiary of Healthcare Technology Intermediate Holdings, for $800 million on May 9, 2023. Propel Media Inc is a diversified online advertising company.

Kusi Television / Nexstar Media Group: The company reached a definitive agreement to be acquired by Nexstar Media Group for $35 million on May 8, 2023. The company is an operator of a broadcasting media channel based in San Diego, United States.

Forecast Data Services / Kin + Carta: The company was acquired by Kin + Carta for GBP 13.1 million on May 9, 2023. The company is a developer of data-driven decision-making tools based in Edinburgh, United Kingdom.

Hardsuit Labs / Keywords Studios: The company was acquired by Keywords Studios for $15 million on May 11, 2023. The company is a developer of gaming software based in Seattle, Washington.

Blinkist / GO1: The company was acquired by GO1 for an undisclosed amount on May 8, 2023. The company is an operator of an app-based book summarizing platform intended to gather key insights from nonfiction books to read or listen to in short explainers.

Chameleon source code / betr: The company was acquired by betr from FansUnite for an undisclosed amount on May 8, 2023. The company is a gaming solutions business based in Vancouver, Canada.

Classcraft / Houghton Mifflin Harcourt: The company was acquired by Houghton Mifflin Harcourt, via its financial sponsor Veritas Capital, through an LBO on May 11, 2023 for an undisclosed amount. The company is a developer of a gamified educational platform designed to improve the learning experience.

CreativeDepartmint / Mod Op: The company was acquired by Mod Op, via its financial sponsors Alterna Equity Partners and NorthCoast Mezzanine, through an LBO on May 10, 2023 for an undisclosed amount. The company is an operator of web3 marketing agency intended to serve traditional media, Fortune-500 and e-commerce companies.

Euresys / TKH Group: The company reached a definitive agreement to be acquired by TKH Group for an undisclosed amount on May 9, 2023. The company is a designer and provider of software intended for 2D and 3D image analysis as well as video capture and processing.

Qualifio / QNTM: The company entered into a definitive agreement to be acquired by QNTM through an LBO on May 9, 2023 for an undisclosed amount. The company is a developer of cloud-based interactive content software designed for marketing and data collection.

RXA / OneMagnify: The company was acquired by OneMagnify, via its financial sponsor Crestview Partners, through an LBO on May 11, 2023, for an undisclosed amount. The company is a developer of applied artificial intelligence and data science software intended to help organizations improve their ROI and decision-making while streamlining operations.

Triage Partners / Broadtree Partners: The company was acquired by Broadtree Partners through an LBO on May 10, 2023 for an undisclosed amount. The company is a developer of a workflow control platform to serve the telecom and reverse logistics industries.

VisiSonics / Ceva: The RealSpace3D Spatial Audio business unit of VisiSonics was acquired by Ceva for an undisclosed amount on May 10, 2023. The company is a developer of a spatial audio technology designed to provide an immersive audio experience.