Technology Private Placement and M&A Transactions Review Week Ending May 28, 2023

Builder: The company raised $250 million of Series D venture funding in a deal led by Qatar Investment Authority on May 23, 2023. Microsoft, Epiq Capital, Insight Partners, Ion Pacific, Jungle Ventures and ICONIQ Capital also participated in the round. The company is a provider of a software development platform designed to help build and operate software projects.

Axelera AI: The company raised EUR 50 million of Series A venture funding in a deal led by Innovation Industries on May 22, 2023. imec.xpand, CDP Venture Capital, Verve Ventures, and Federal Holding and Investment Company also participated in the round. The company is a developer of a hardware and software platform for AI designed to deliver extremely high performance at a power envelope of few watts and flexibility to support multiple networks.

Elementl: The company raised $33.4 million through a combination of Series B and Series B-1 venture funding in a deal led by Georgian on May 25, 2023, putting the company’s pre-money valuation at $100 million. Index Ventures, Amplify Partners, Sequoia Capital, Slow Ventures, Human Capital, HNVR Technology Investment Management, and 8VC also participated in the round. The company is a developer of a data orchestration platform intended for the development, production and observation of data assets.

DataOps.live: The company raised $17.5 million of venture funding from Snowflake Ventures, Notion, and Anthos Capital on May 24, 2023. The company is a developer of a data operations platform intended to bring agile automation and IoT data compression to the cloud data platform.

Logik.io: The company raised $15.7 million of Series A venture funding in a deal led by Emergence Capital Partners on May 23, 2023, putting the company’s pre-money valuation at $60.3 million. Salesforce Ventures, Zoom Video Communications, Veeva Systems, Box, G2 and ServiceNow Ventures also participated in the round. The company is a developer of a commerce logic engine platform designed to focus on creating high-performance headless configuration technology.

ESpace: The company raised $10 million of Series A venture funding from Columbia Capital on May 26, 2023. The company is a developer of a cloud-based marketplace designed to help with procuring and operating Satcom and cellular services.

SmartAction: The company received $5 million of development capital from Orix USA, Staley Capital and TVC Capital on May 23, 2023. The company is a developer of a SaaS-based customer service platform intended to automate complex customer service communications across every channel.

4me: The company received an undisclosed amount of development capital from PSG on May 25, 2023. The company is a developer of a service management platform designed to help an organization’s internal and external service providers to collaborate.

Catalyst: The company raised an undisclosed amount of venture funding from Databricks Ventures on May 25, 2023. The company is a developer of an intuitive customer success platform designed to assist businesses in management operations.

La Selecta Radio / Dos Media: The company reached a definitive agreement to be acquired by Dos Media for $850 million on May 25, 2023. The company is an operator of a radio station based out of the United States.

YouAppi / Affle: The company reached a definitive agreement to be acquired by Affle for $45 million on May 24, 2023. The company is a developer of a fully managed programmatic application designed to provide a retargeting service for marketers, app developers, and agencies.

Adomni / Kubient: The company reached a definitive agreement to be acquired by Kubient for an undisclosed amount on May 24, 2023. The company is an operator of an advertisement technology business intended to connect billboard owners with advertisers online.

Hardcore Gamer / Valnet: The company was acquired by Valnet for an undisclosed amount on May 24, 2023. The company is a publisher of gaming journalism designed to provide the latest games news, reviews, previews, features and videos for hardcore gamers.

MXX / DAACI: The company was acquired by DAACI for an undisclosed amount on May 24, 2023. The company is a developer of multimedia software intended to offer a dynamic AI-music editing system based in London, England.

NUEL / Ggtech Entertainment: The company was acquired by GGtech Entertainment for an undisclosed amount on May 24, 2023. The company is a provider of an esports tournament organization service intended to provide all university students the opportunity to participate in esports.

Oplogic / DealerBuilt: The company was acquired by DealerBuilt, via its financial sponsor ParkerGale Capital, through an LBO on May 22, 2023 for an undisclosed amount. The company is a developer of an AI-driven customer relationship management (CRM) platform designed to build, deliver and support technology solutions that achieve the industry’s retail consumer experience with an efficient and compliant dealer process.

The Imaginarium Studios / Cinesite: The company was acquired by Cinesite, via its financial sponsors Rinkelberg Capital and Gryphion Capital Investments, through an LBO on May 23, 2023 for an undisclosed amount. The company is an operator of a performance capture and virtual production facility based in Pinewood, United Kingdom.

VeraCore / Advantive: The company was acquired by Advantive, via its financial sponsors TA Associates Management and ST6 Partners, through an LBO on May 23, 2023 for an undisclosed amount. The company is a developer of software systems designed to provide fulfillment and direct marketing services.

Whitezip / Markor: The company was acquired by Markor, a subsidiary of Disruptive Tech, for an undisclosed amount on May 24, 2023. The company is a developer of a software and online marketing agency based in London, United Kingdom.

WiSL / DAACI: The company was acquired by DAACI for an undisclosed amount on May 24, 2023. The company is a provider of music facilities using one AI driven platform intended to source, edit and license music.