Strategy | Financing Highlight

Private Placement / Financing Transactions

Doodles: The company raised $54 million of Series A venture funding in a deal led by Seven Seven Six on September 13, 2022, putting the company’s pre-money valuation at $650 million. 10T Holdings, Acrew Capital and FTX Ventures also participated in the round. The company is a developer of a community-driven collectibles NFT platform intended to include characters, a virtual world, and a dedicated community.

Litmus: The company raised $30 million of Series B venture funding in a deal led by Belden on September 13, 2022, putting the company’s pre-money valuation at $140 million. The company is a developer of an intelligent edge computing platform for IoT designed to enable out-of-the-box data collection, analytics, and management.

MeWe: The company raised $27 million of venture funding led by McCourt Global and other undisclosed investors on September 13, 2022. The company is a developer of a social networking platform intended to give its members total control of their data, newsfeeds, and privacy.

Alcatraz AI: The company raised $25 million of Series A venture funding in a deal led by Almaz Capital on September 13, 2022. JCI Ventures, Endeavor Catalyst, Silverline Capital, Golden Seeds, LDV Partners, EBRD Venture Capital Investment Programme and Ray Stata also participated in the round. The company is a developer of a facial authentication platform designed to replace badging as an access point authentication system.

Diveplane: The company raised $25 million in venture funding in a deal led by Sigma Defense Systems, L3 Harris Technologies and Calibrate Ventures on September 12, 2022, putting the company’s pre-money valuation at $28 million. The company is a developer of an understandable AI decision system designed to provide the ethical use of technology and data.

HaptX: The company raised $23 million of venture funding in a deal led by Crescent Cove Advisors and Advanced Input Systems on September 15, 2022. Verizon Ventures, Mason Avenue Investments and Taylor Frigon Capital Management also participated in the round. The company is a developer of virtual reality gloves designed to bring the virtual world to life through the power of realistic touch.

OvationCXM: The company raised $20 million of Series C venture funding in the combination of equity and debt in a deal led by Telstra Ventures on September 13, 2022. KeyBank, JobsOhio Growth Capital Fund, JumpStart Ventures, Savano Capital Partners, Capital One Ventures, Nyca Partners, Neventa Capital, and CIBC Innovation Banking also participated in the round. The company is a developer of a customer experience management platform created to serve enterprises and their partner ecosystems.

Parler: The company raised $16 million of Series B venture funding from undisclosed investors on September 16, 2022. The company is a developer of a social networking platform intended to protect users’ rights, support publishers, and build online communities.

Geneva: The company raised $15.5 million of venture funding from Juan Borrero, Jim Shepherd, and Alexis Ohanian on September 15, 2022. The company is a developer of a group chat application designed to help people build communities.

Chameleon: The company raised $13 million of Series A venture funding in a deal led by Matrix Partners on September 14, 2022. The company is a developer of user onboarding software designed to build data-driven product tours without writing code.

Sigmoid: The company raised $12 million of venture funding in a deal led by Sequoia Capital India on September 15, 2022. The company is a developer of a big data analytics platform designed to deliver data warehousing solutions using ML, big data, open-source and cloud technologies.

Rephrase.ai: The company raised $10.6 million of Series A venture funding in a deal led by Red Ventures on September 15, 2022. Silver Lake, 8VC, and other undisclosed investors also participated in the round. The company is a developer of a video creation technology designed to take any piece of text and create a video of any person speaking that text.

EdgeIQ: The company raised $8.5 million through a combination of debt, Series C-1B, and Series C-1A venture funding in a deal led by First Analysis on September 13, 2022, putting the company’s pre-money valuation at $12.76 million. Mathers Associates, Koa Labs, and other undisclosed investors also participated in the round. The company is a developer of an API platform designed for device operations, data management, cloud integration, and workflow orchestration.

Configure8: The company raised $7.2 million of venture funding from undisclosed investors on September 12, 2022. The company is a developer of a software knowledge platform intended to consolidate data and knowledge fragmented across clouds, tools, and teams so engineers can discover essential information about their applications in one place.

Wizaly: The company raised EUR 6 million of venture funding from Innovacom and Ankaa Ventures on September 14, 2022, putting the company’s pre-money valuation at EUR 9 million. The company is a developer of an algorithmic attribution platform designed to optimize media mix.

Taqtile: The company raised $5.3 million of venture funding from Mesmerise Global, Downer and 5G Open Innovation Lab on September 16, 2022. Ascend Venture Capital also participated in the round. The company is a provider of cross-platform, cross-industry software services intended to improve industrial processes, complex task learning, and data visualization.

Stable Auto: The company raised an undisclosed amount of Series A venture funding in a deal led by Congruent Ventures, Homecoming Capital and Ironspring Ventures on September 14, 2022. Trucks Venture Capital, Upside Partnership, E14 Fund Management, Ubiquity Ventures, Qasar Younis, Samuel Zell & Robert H Lurie and Ahoy Capital also participated in the round. The company is a developer of SaaS tools intended to help EV charging operators deploy charging stations where they are needed most.


M&A Transactions

Figma / Adobe Systems: The company reached a definitive agreement to be acquired by Adobe Systems for an estimated $20 billion on September 15, 2022. The company is a developer of a cloud-based screen design tool built to help companies to create, test, and ship screen designs.

Rumble / CF Acquisition Corp. VI: The company acquired by CF Acquisition Corp. VI through a reverse merger, resulting in the combined entity trading on the NASDAQ Stock Exchange under the ticker symbol CFVI on September 17, 2022. The company is a developer of a rights management video platform designed to host, distribute and monetize all professional, social, and viral videos.

Amobee / Tremor International: The company was acquired by Tremor International for $239 million on September 13, 2022. The company is a developer of an advertising platform designed to unify all advertising channels including TV, programmatic and social, across all formats and devices.

Octane.GG / X1 Esports and Entertainment: The company reached a definitive agreement to be acquired by X1 Esports and Entertainment on September 15, 2022. The company is an operator of a platform providing statistics on Rocket League esports games, tournaments, and players.
AppGeo / The Sanborn Map Company: The company was acquired by The Sanborn Map Company for an undisclosed amount on September 14, 2022. The company is a developer and provider of geographic information software system technologies and services designed to create location intelligence.

Cenero / Ricoh USA: The company was acquired by Ricoh USA, a subsidiary of Ricoh Company, for an undisclosed amount on September 14, 2022. The company is a provider of audiovisual, unified communications and information technology solutions intended for productive meeting experiences.

Joyn / ProSiebenSat.1 Media: The company reached a definitive agreement to be acquired by ProSiebenSat.1 Media for an undisclosed amount on September 13, 2022. The company is a developer of an entertainment streaming platform designed to enjoy television as web TV at any time and free of charge.

LoadSpring Solutions / Blattner Technologies: The company was acquired by Blattner Technologies for an undisclosed amount on September 14, 2022. The company is a developer of cloud-computing software designed for project management.

Martin / PubMatic: The company was acquired by PubMatic for an undisclosed amount on September 14, 2022. The company is an operator of a media measurement and reporting platform intended to provide customized services for buyers to increase return on media spend.

Pluto / Orbzii: The company was acquired by Orbzii for an undisclosed amount on September 14, 2022. The company is a developer of a mobile application designed to help travelers plan a trip and find things to do while traveling.

PowerSpike / Live Current Media: The company reached a definitive agreement to be acquired by Live Current Media for an undisclosed amount on September 12, 2022. The company is a developer of a twitch-based marketing platform designed to connect gaming influencers with brands and advertisers for paid promotions and sponsored content.

Tygraph / AvePoint: The company was acquired by AvePoint for an undisclosed amount on September 13, 2022. The company is a developer of an analytics and reporting tool for Microsoft 365 user data.

WW1 Game Series / Focus Entertainment: The company reached a definitive agreement to be acquired by Focus Home Interactive for an undisclosed amount on September 12, 2022. The company is a developer of the multiplayer first person shooter games intended to reflect the nature of fighting in the different theaters of the war.


Source: Pitchbook Data, Inc.

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