Strategy | Financing Highlight 
Private Placement / Financing Transactions

May Mobility: The company raised $105 million in Series D venture funding in a deal led by NTT Communications on November 7, 2023, putting the company’s pre-money valuation at $665 million. Toyota Ventures, Bridgestone Americas, State Farm Ventures, Aioi Nissay Dowa Insurance Company, Trucks Venture Capital, BMW iVentures, and Cyrus Capital Partners also participated in the round. The company is a developer of an autonomous vehicle technology.

Allganize: The company raised $20 million of Series B venture funding in a deal led by InterVest and Murex Partners on November 6, 2023. SK Telecom, LG Technology Ventures, KB Investment, Atinum Investment, Stonebridge Capital and FuturePlay also participated in the round. The company is a developer of a natural-language learning and conversational artificial intelligence platform.

Replit: The company raised $20 million of venture funding from Craft Ventures on November 6, 2023. The company is an operator of an online programming and computing platform.

KloudFuse: The company raised $16.9 million of Series A venture funding in a deal led by Newlands Investment Management on November 6, 2023, putting the company’s pre-money valuation at $48.1 million. Aspenwood Ventures, Blumberg Capital, Exponent Venture, and HighSage Ventures also participated in the round. The company uses artificial intelligence to take observability data and generates intelligent auto-alerts to increase troubleshooting efficiency.

TapNation: The company received EUR 15 million of development capital from Paluel-Marmont Capital, Re-Sources Capital and other undisclosed investors on November 6, 2023. The company is an operator of an online gaming platform intended to help developers create and publish mobile video games.

Zelig Technology: The company raised $15 million of Series A venture funding in a deal led by Hilco Global on November 6, 2023, putting the company’s pre-money valuation at $85 million. Bezikian Zareh also participated in the round. The company uses machine learning and artificial intelligence to improve the virtual dressing room experience for users.

Dotwork: The company raised $12 million of Series A venture funding from Jim Crane, Tim Arnoult and Hunter Nelson on November 8, 2023. Steve Elliott also participated in the round. The company’s platform offers a variety of features including programmable and extensible tools, decision intelligence, organizational memory, and native AI for strategy management and decision-making across teams.

Ozone: The company raised $7 million of venture funding from Soma Capital, Polymath Capital Partners and Pioneer Fund on November 8, 2023. General Catalyst, New Enterprise Associates, Olive Tree Capital, LGVP, Bluewatch Ventures, Y Combinator and other undisclosed investors also participated in the round. The company is a developer of a cloud-based video editing platform designed to allow users to collaborate remotely.

Vimcal: The company raised $6.9 million of venture funding from Function Collective and other undisclosed investors on November 7, 2023. The company is a developer of a web-based calendar management tool designed to make complex scheduling across time zones easy.

Wecover: The company raised $6 million of venture funding from Samsung Financial Network and other undisclosed investors on November 8, 2023. The company is a devloper of a generative AI platform intended for privacy-preserving data analysis.

Ghost Autonomy: The company raised an additional $5 million of Series E venture funding from OpenAI Startup Fund on November 8, 2023, putting the company’s pre-money valuation at $104 million. The company is a developer of an autonomous driving platform based on LLM AI technology.

Universal Travel Assistant: The company raised an undisclosed amount of venture funding from HongShan on November 7, 2023. The company is a developer of an AI chatbot intended to help people plan and book trips.


M&A Transactions

Avid Technology / STG Partners: The company was acquired by STG Partners through a $1.4 billion public-to-private LBO on November 7, 2023. Avid Technology Inc develops and sells software and hardware for digital media production and management.

GameAccount Network / Sega Sammy Holdings: The company reached a definitive agreement to be acquired by Sega Sammy Holdings for $107.6 million on November 7, 2023. GAN Ltd provides Software-as-a-Service solutions for online casino gaming and sports betting applications.

Digital Banana / Newen: The company was acquired by Newen, a subsidiary of TF1 Groupe, for an undisclosed amount on November 8, 2023. The company is an operator of an animation and post production company based in Paris, France.

Drumond Park / TOMY Europe: The company was acquired by TOMY Europe for an undisclosed amount on November 7, 2023. The company is a developer of board games, action games and related gaming products for both children and adults.

Flux Software Engineering / Harman International Industries: The company reached a definitive agreement to be acquired by Harman International Industries, a subsidiary of Samsung Electronics, for an undisclosed amount on November 9, 2023. The company is a developer of audio software tools for professional sound engineers and producers.

InVision / Miro: The company was acquired by Miro for an undisclosed amount on November 7, 2023. The company is a developer of a visual collaboration platform.

LeanIX / SAP: The company was acquired by SAP for an undisclosed amount on November 8, 2023. The company is a developer of a SaaS platform intended to reduce complexity in information technology systems.

Sad Panda Studios / Phoenix Games: The company was acquired by Phoenix Games for an undisclosed amount on November 6, 2023. The company is a developer of online video games.

Sporting Group / Spreadex: The company, a subsidiary of FDJ Gaming Solutions, was acquired by Spreadex for an undisclosed amount on November 6, 2023. The company is a developer of an online platform designed for sports betting services such as real-time pricing and sports trading capabilities.


Source: Pitchbook Data, Inc.

Categories

Archives