Strategy | Financing Transactions
Private Placement / Financing Transactions

Alice & Bob: The company closed on EUR 100 million of an undisclosed targeted amount of Series B venture funding on May 3, 2024. The company is a developer of quantum computing and cloud security services.

Blaize: The company raised $106 million of venture funding in a deal led by Denso, Mercedes-Benz Group and Bess Ventures and Advisory on April 29, 2024. Rizvi Traverse Management, BurTech LP LLC and Ava Investors also participated in the round. The company is a developer of an AI-based open and code-free software platform.

Peregrine: The company raised $30 million of Series B venture funding in a deal led by Fifth Down Capital and Friends & Family Capital on May 1, 2024, putting the company’s pre-money valuation at $330 million. Goldcrest Capital, Craft Ventures, Summit Peak Investments, and Godfrey Capital also participated in the round. The company is a developer of a data fusion platform for government agencies to integrate and secure their data.

Quantum Circuits: The company raised $26.6 million of Series B venture funding from F-Prime Capital and other undisclosed investors on May 1, 2024. The company is a developer of quantum computers.

Telepathy Labs: The company raised $19.7 million of venture funding from Bowers Automotive Group, Flow GM Auto Center and The Ford Family Foundation on May 1, 2024. MBB Auto Group, MileOne Autogroup, Mills Automotive Group, Oremor Automotive Group, West Herr Automotive Group, Qvale Automotive Group and Reynolds and Reynolds also participated in the round. The company is a developer of voice and chat-bot technology for industrial and enterprise markets.

Pickle Robot: The company raised $15 million of venture funding from undisclosed investors on May 3, 2024. The company is a developer of a package-handling robot designed to automate key tasks.

Jigsaw: The company raised GBP 11.6 million of Series A venture funding in a deal led by Exor on April 29, 2024, putting the company’s pre-money valuation at GBP 70.9 million. Kohlberg Kravis Roberts, Morgan Stanley and other undisclosed investors also participated in the round. The company is a developer of corporate diagramming software.

Netskrt Systems: The company raised CAD 10 million of Series A venture funding in a deal led by Yaletown Partners on May 1, 2024. Crédit Mutuel Equity and InBC Investment also participated in the round. The company is a provider of data and internet services for streaming media to major sporting events and popular VOD content outside the network.

Shadow War: The company raised $5 million of venture funding in a deal led by Momentum 6 on May 2, 2024. XBorg, Andromeda Capital, Cogitent Ventures, Cluster Capital, Cointelligence Fund and iAngels also participated in the round. The company is an operator of a game development studio.

AirChat: The company raised an undisclosed amount of venture funding from BoxGroup in May 2024. The company is a developer of an audio-based social networking platform.

Anton: The company received an undisclosed amount of development capital from Clara Vista Investment Partners on May 2, 2024. The company is a provider of content production and distribution services.

Buster: The company raised an undisclosed amount of venture funding from Utah Innovation Fund in May 2024. The company is a developer of an AI-based data integration platform.

Hypermusic: The company raised an undisclosed amount of venture funding from Solidea Capital in May 2024. The company is a developer of a metaverse platform designed for virtual concerts.

Influur: The company raised an undisclosed amount of venture funding from Amplifica Capital in May 2024. The company is an operator of an influencer-marketing platform.

Lenx: The company raised an undisclosed amount of Series A1 venture funding from Manitoba Metis Federation on April 30, 2024, putting the company’s post-valuation at $100 million. The company is a developer of advanced artificial intelligence-based security systems designed to enhance gun detection, drone surveillance, and emergency assistance.

Lhotse: The company raised an undisclosed amount of venture funding from View Ventures in May 2024. The company is a developer of a cloud-based procurement execution software.

Magic Hour: The company raised an undisclosed amount of venture funding from Trac in May 2024. The company is a developer of a video content platform designed to create AI-generated music videos.

Magic Studio: The company raised an undisclosed amount of venture funding from All In Capital in May 2024. The company is a developer of an AI-powered photo editing tool designed to create product photos, erase objects, and generate art from text.

Okareo: The company raised an undisclosed amount of venture funding from Bee Partners in May 2024. The company helps ML builders evaluate and compare performance of models during development, testing and delivery.

Palabra ai: The company raised an undisclosed amount of venture funding from D&FG Elements in May 2024. The company is a developer of AI voice technology that helps people to translate voice messages.

ProSights: The company raised an undisclosed amount of venture funding from Ripple Impact Investments in May 2024. The company is a developer of an artificial intelligence-powered assistant for investment firms.

Scope AR: The company received an undisclosed amount of development capital from Lago Innovation Fund in May 2024. The company is a developer of an enterprise-class augmented reality platform designed to facilitate knowledge-sharing and remote assistance.

Scrollmark: The company raised an undisclosed amount of venture funding from LvlUp Ventures in May 2024. The company is an operator of a web-based platform designed to help businesses send automated direct messages on social media channels.

Swapt: The company raised an undisclosed amount of venture funding from Two Lanterns Venture Capital in May 2024. The company is a developer of a marketing automation platform that uses QR codes to capture offline user data through the host’s corresponding landing pages.


M&A Transactions

Intelsat / SES: The company reached a definitive agreement to be acquired by SES for $3.1 billion on April 30, 2024. The company is an operator of an integrated satellite and terrestrial network providing communications services for telecommunications operators, media companies, and internet service providers.

Perficient / BPEA EQT: The company entered into a definitive agreement to be acquired by BPEA EQT through an estimated $3 billion public-to-private LBO on May 5, 2024. Perficient Inc provides a variety of information technology and consulting services that focus on digital experience, business optimization, and IT solutions.

Motional / Hyundai Motors Group: The company was acquired by Hyundai Motors Group for $923 million on May 3, 2024. The company is a developer of driverless vehicle technology.

3radical / Electric Guitar: The company was acquired by Electric Guitar for an undisclosed amount on May 3, 2024. The company is a consumer data acquisition and audience engagement solutions provider.

ARspar Technologies / Floorplanner: The company was acquired by Floorplanner for an undisclosed amount on May 2, 2024. The company is a developer of an AI-based photo editing and product visualization platform for augmented reality ecommerce.

FilmTrack / RightsLine: The company, a subsidiary of City National, entered into a definitive agreement to be acquired by RightsLine, via its financial sponsor Klass Capital, through an LBO on May 2, 2024 for an undisclosed amount. The company is a developer of content and rights management software for entertainment companies.

Mayday / Unknown Investor: The company was acquired for an undisclosed amount on April 29, 2024. The company is a developer of an AI-assisted scheduling tool.

Project X Media / Vistar Media: The company was acquired by Vistar Media, via its financial sponsor ROCA Partners, through an LBO on April 29, 2024 for an undisclosed amount. The company is an operator of a digital advertising platform designed to launch Out-of-Home (OOH) advertising campaigns.

Trisigma / Gaming Laboratories International: The company was acquired by Gaming Laboratories International for an undisclosed amount on May 2, 2024. The company is a gaming test lab with extensive facilities for the testing and approval of online and land based gaming systems.

WSO2 / BPEA EQT: The company entered into a definitive agreement to be acquired by BPEA EQT through an LBO on May 3, 2024 for an undisclosed amount. The company is a developer of an open source enterprise-grade API management solution. 


Source: Pitchbook Data, Inc.

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