Technology Private Placement and M&A Transactions Review Week Ending November 10, 2024

Workhelix: The company raised $15.3 million of Series A venture funding from Bloomberg Beta, AI Fund, and other undisclosed investors on November 5, 2024, putting the company’s pre-money valuation at $60 million. The company is a developer of a research and data platform designed to assess an organization’s generative AI opportunities.

Forefront RF: The company raised GBP 16 million of Series A venture funding from BGF (Financial Services), Foresight Group and Octopus Ventures on November 6, 2024, putting the company’s pre-money valuation at GBP 17.6 million. Cambridge Innovation Capital and other undisclosed investors also participated in the round. The company is a developer of radio frequency technology designed to simplify architectures in smartphones and wearables by replacing fixed frequency filters with a tunable alternative to reduce space, weight and cost.

First Resonance: The company raised $10.8 million of Series A venture funding from Third Prime, and other undisclosed investors on November 6, 2024, putting the company’s pre-money valuation at $32.2 million. The company is a developer of a manufacturing software platform designed for day-to-day operations in factories.

CynLr: The company raised $10 million of Series A venture funding in a deal led by Pavestone Ventures and Inventus Capital Partners on November 5, 2024. InfoEdge Ventures, Speciale Invest and other undisclosed investors also participated in the round. The company is a developer of a visual object intelligence platform designed for industrial robotic arms.

Zengines: The company raised $9 million of venture funding in a deal led by Hyde Park Venture Partners on November 8, 2024. Hyde Park Angels also participated in the round. The company is a developer of a data conversion platform designed to automate end-to-end processes, accelerate system migrations and reduce the risk of digital transformation initiatives.

Orbital Sidekick: The company raised $8.6 million of Series A venture funding from undisclosed investors on November 7, 2024, putting the company’s pre-money valuation at $53.4 million. The company is a developer of a hyperspectral data imaging technology designed to capture and send images and mapping data of the earth.

Phase Change: The company raised $7.7 million of venture funding from undisclosed investors on November 6, 2024. The company is a developer of a cognitive AI-based platform designed to improve software development efficiency.

BayBridgeDigital: The company raised $6 million of venture funding from undisclosed investors on November 8, 2024. The company is a developer of a digital Salesforce transformation software.

Ziply Fiber / Bell Canada: The company reached a definitive agreement to be acquired by Bell Canada, a subsidiary of BCE, for an estimated CAD 5 billion on November 4, 2024. The company is a provider of fiber optic internet services across Washington, Oregon, Idaho and Montana.

Micropac Industries / Teledyne Technologies: The company reached a definitive agreement to be acquired by Teledyne Technologies for $55.8 million on November 4, 2024. Micropac Industries Inc manufactures and distributes a range of hybrid microelectronic circuits, solid-state relays (SSRs), power controllers, and optoelectronic components and assemblies.

Amplitude Studios / Unknown Investor: The company, a subsidiary of Sega Sammy Holdings was acquired through a management buyout for an undisclosed amount on November 8, 2024. The company is a developer of video games based in Paris, France.

Avid Ratings / ECI Software Solutions: The company was acquired by ECI Software Solutions, via its financial sponsor Leonard Green & Partners, through an LBO on November 7, 2024 for an undisclosed amount. The company is a developer of a customer engagement and loyalty management service intended to digitally promote customer loyalty and profitability for construction companies.

ClickDealer / iMonMedia: The company was acquired by iMonMedia for an undisclosed amount on November 4, 2024. The company is a developer of an online performance marketing management platform designed to help advertisers, publishers and agencies obtain peak performance with their online marketing campaigns.

Emcore / Velocity One: The company reached a definitive agreement to be acquired by Velocity One for an undisclosed amount on November 8, 2024. Emcore Corp is a provider of sensors and navigation systems for the aerospace and defense market.

ENGIN-IC / MACOM Technology Solutions: The company was acquired by MACOM Technology Solutions for an undisclosed amount on November 6, 2024. The company is a manufacturer of semiconductor and related circuit chips for the defence, high-reliability, and telecommunication markets.

eResonate / Gigmor: The company reached a definitive agreement to be acquired by Gigmor for an undisclosed amount on November 4, 2024. The company is an operator of a music and entertainment monetization platform for small live music venues and musicians.

Fannex / IC Group: The company was acquired by IC Group (Canada) for an undisclosed amount on November 7, 2024. The company is a developer of a mobile application designed to provide an interactive platform for sports and entertainment event production.

Frontier Nuvola / Airable: The company, a subsidiary of Frontier Smart Technologies was acquired by Airable for an undisclosed amount on November 7, 2024. The company is an operator of a radio platform based in Cambridge, United Kingdom.

Garden / Fortissimo Capital: The company was acquired by IncrediBuild, via its financial sponsors Insight Partners, Fortissimo Capital and Hiro Capital, through an LBO on November 4, 2024 for an undisclosed amount. The company is a developer of an open source development automation platform designed to test backend applications.

Grandata / Evertec: The company was acquired by Evertec for an undisclosed amount on November 7, 2024. The company is an operator of a data monetization platform intended to deliver quality intelligence to companies while preserving privacy.

GXC / Bison Capital Asset Management: The company entered into a definitive agreement to be acquired by Motive Companies, via its financial sponsor Bison Capital Asset Management, through an LBO on November 7, 2024 for an undisclosed amount. The company is a provider of wireless interference cancellation and mesh network services intended to improve wireless connectivity infrastructure.

KFilm / John Gore Organization: The company was acquired by John Gore Organization for an undisclosed amount on November 5, 2024. The company is a provider of film distribution services based in London, United Kingdom.

Miss Moneypenny / Anthony Moreton Group: The company was acquired by Anthony Moreton Group for an undisclosed amount on November 4, 2024. The company is a developer of a wallet studio software suite which enables businesses to use the native digital wallet apps Apple & Google Wallet to connect with customers.

NeuroReality / XRHealth: The company was acquired by XRHealth for an undisclosed amount on November 6, 2024. The company is a developer of virtual reality games designed to train a variety of cognitive skills.

Objective / Upwork Global: The company reached a definitive agreement to be acquired by Upwork Global for an undisclosed amount on November 6, 2024. The company is a developer of a low-code platform intended to build multi-search applications.

Pro Audio Services / Liaison Technology Group: The company was acquired by Liaison Technology Group for an undisclosed amount on November 8, 2024. The company is a provider of audio and video services intended to serve the professional, educational, and commercial application sectors.

PromptHero / ElevenYellow: The company was acquired by ElevenYellow for an undisclosed amount on November 6, 2024. The company is a developer of a platform designed to facilitate the creation of AI-generated art and images using text prompts.

The Good, The Bad & The Rugby / Platform Media: The company was acquired by Platform Media, a subsidiary of PodX Group, for an undisclosed amount on November 5, 2024. The company is an operator of a sports podcast based in Curdridge, United Kingdom.

TopSolid / Bpifrance: The company was acquired by Crédit Mutuel Equity, IRDI Capital Investissement and Bpifrance through an LBO on November 4, 2024 for an undisclosed amount. The company is a developer of computer-aided design and computer-aided manufacturing software for the mechanical industry.

Toucan Gaming / Accel Entertainment: The company was acquired by Accel Entertainment for $40 million on November 5, 2024. The company is a developer of a game and amusement platform serving the residents of Lafayette, Louisiana.

Source: Pitchbook Data, Inc.