Strategy | Financing Highlight
Private Placement / Financing Transactions
Ordergroove: The company raised $100 million of venture funding in a deal led by Primus Capital on November 10, 2022. The company is a developer of a cloud-based subscription commerce platform designed to help brands and retailers with subscription models and retention rates.

Xanadu: The company raised $100 million of Series C venture funding in a deal led by Georgian on November 9, 2022, putting the company’s pre-money valuation at $900 million. BDC Capital, Bessemer Venture Partners, Capricorn Investment Group, Forward Ventures, Alumni Ventures, Pegasus Tech Ventures, Timothy Draper, Porsche Automobil Holding, and Silicon Valley Bank also participated in the round. The company is an operator of a quantum photonic platform intended to build next generation computer systems.

Coefficient: The company raised $18 million of Series A venture funding in a deal led by Battery Ventures on November 10, 2022. S28 Capital and Foundation Capital also participated in the round. The company is a developer of a data analytics platform designed to allow business teams to work with real-time data directly from their spreadsheets.

Exotanium: The company raised $12 million of Series A venture funding in a deal led by Celesta Capital and Cambium Capital Management on November 7, 2022, putting the company’s pre-money valuation at $20 million. The company is a developer of a cloud resource optimization and management platform intended to help enterprises reduce spending on cloud computing resources.

Silverpush: The company raised $11.6 million of venture funding in the form of convertible debt and equity in a deal led by JM Financial on November 7, 2022, putting the company’s pre-money valuation at $53.4 million. The company is a developer of an advertising platform intended to offer data-driven technologies to complex client problems, using cutting-edge technology.

Recess: The company raised $11.5 million of Series A venture funding in a deal led by Spring Mountain Capital and Data Point Capital on November 11, 2022. Aperiam Ventures, Animal Capital, Josh Richards, Griffin Johnson, Noah Beck, Ben Hindman, Mark Cuban and Marc Simons also participated in the round. The company is a developer of experiential marketing software designed to connect brands with live events and targeted sponsorship opportunities to its customers.

Antavo: The company raised GBP 8.7 million in a deal led by Euroventures on November 9, 2022, putting the company’s pre-money valuation at GBP 26.7 million. The company is an operator of a web-based loyalty management platform intended to provide loyalty programs that reward customer behaviors.

Anything World: The company raised $7.5 million of funding from Warner Music Group, Acrew Capital and 5 other investors on November 9, 2022. The company is an operator of an AI-enabled middleware platform to build interactive 3D experiences faster and more cost effective than alternatives.

Directus: The company raised $7 million of Series A venture funding in a deal led by True Ventures on November 10, 2022. The company is a developer of an open-source data platform intended for application development and turning structured query language into an application programming interface.

Rizse: The company raised $6.6 million of venture funding from undisclosed investors on November 7, 2022. The company is an operator of a robotics artificial intelligence company developing innovative, cutting-edge technologies intended to focus on machine learning and AI.

Mercaux: The company raised an undisclosed amount of Series A1 venture funding from Redseed on November 11, 2022. The company is a developer of a next-generation in-store experience, universal basket, and checkout platform designed to provide customers with a frictionless shopping experience.

Mode: The company raised an undisclosed amount of venture funding from Panasonic Kurashi Visionary Fund on November 9, 2022. The company is a developer of a data integration platform designed to collect and apply real-world sensor data to businesses.


M&A Transactions
72 Films / Fremantle: The company was acquired by Fremantle for an undisclosed amount on November 9, 2022. The company is an operator of a media production firm.

Ai4 / Sharper Shape: The company was acquired by Sharper Shape for an undisclosed amount on November 9, 2022. The company is a developer of a computer vision technology designed to continuously monitor the environment, assets and people.

Artegic / Facelift Cloud: The company was acquired by Facelift Cloud for an undisclosed amount on November 10, 2022. The company is a developer of a marketing automation software platform based in Bonn, Germany.

Beyond Sports / Sony: The company was acquired by Sony for an undisclosed amount on November 7, 2022. The company is a developer of a 3D simulation platform intended to facilitate sports training by using augmented and virtual reality technologies.

Blockthrough / Eyeo: The company was acquired by Eyeo for an undisclosed amount on November 8, 2022. The company is an operator of a web platform intended to assist publishers in recovering the revenue they lose to ad-blocking.

Caribu / Mattel: The company was acquired by Mattel for an undisclosed amount on November 9, 2022. The company is a developer of a video-calling application designed to read bedtime stories in real time.

Climb Online / xDNA Interactive: The company was acquired by xDNA Interactive for an undisclosed amount on November 11, 2022. The company is an operator of a digital marketing agency.

Fresh Software Solutions / GrubMarket: The company was acquired by GrubMarket for an undisclosed amount on October 11, 2022. The company is a developer of enterprise software solutions intended to serve distributors, repackers, wholesalers and food service suppliers.

Fuel Media / SDI MKTG: The company was acquired by SDI MKTG for an undisclosed amount on November 9, 2022. The company is an operator of a digital activation agency intended to provide web design and development services.

Ionic / OutSystems: The company was acquired by OutSystems, via its financial sponsors, General Atlantic, Goldman Sachs Growth Equity, Kohlberg Kravis Roberts, Tiger Global Management, Armilar Venture Partners, Chamaeleon and Abdiel Capital through an LBO on November 7, 2022 The company is a developer of an open-source mobile software development kit designed to create cross-platform applications.

IPlytics / LexisNexis Group: The company was acquired by LexisNexis Group, a subsidiary of RELX Group, for an undisclosed amount on November 9, 2022. The company is a developer of a market intelligence tool designed to search and analyze technology and market landscapes.

Marketing1by1 / EMZ Partners: The company was acquired by Sarbacane Software, via its financial sponsors IDI Group and EMZ Partners, through an LBO on November 8, 2022 for an undisclosed amount. The company is a developer of marketing automation software designed to customize and promote customer relations.

Spring / Amaze Software: The company was acquired by Amaze Software for an undisclosed amount on November 9, 2022. The company is a developer of a social commerce platform designed to create and sell custom physical and digital products online.

Voltage TV Productions / BBC Studios: The company was acquired by BBC Studios for an undisclosed amount on November 9, 2022. The company is a producer of quality entertainment catering to major broadcasters.


Source: Pitchbook Data, Inc.

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