Strategy | Financing Transactions
Private Placement / Financing Transactions

Cortex: The company raised $60 million of Series C venture funding in a deal led by Scale Venture Partners on September 4, 2024, putting the company’s pre-money valuation at $410 million. Sequoia Capital, IVP, WiL (World Innovation Lab), Cross Creek Advisors, Y Combinator, Patrick Collison, John Collison, and Alpha Square Group also participated in the round. The company is a developer of an internal portal designed to improve incident response.

Laravel: The company raised $57 million of Series A venture funding led by Accel on September 5, 2024. The company is a developer of a PHP framework designed for building web applications.

Seegrid: The company received $50 million of development capital from Giant Eagle, G2 Venture Partners and other investors on September 5, 2024. The company is a developer of autonomous mobile robots intended to serve clients in the manufacturing, warehousing, logistics and material handling sectors.

E-Pal: The company raised $30 million of venture funding in a deal led by Andreessen Horowitz and Galaxy Interactive on September 6, 2024. Animoca Brands, Amber Taverns, Marblex, Tuna Investments, Aptos Labs, New Heights Capital, IOBC Capital, CLF Partners, MBK Capital, UpHonest Capital, Taisu Ventures, Gate Labs, DWF Labs, WAGMI Venture, Bing Ventures, Steve Chen, Marc Merrill, Thomas Vu, K5 Investment Group, Leland Ventures and Kitara Capital also participated in the round. The company is a developer of a social platform designed for the gaming industry.

Revefi: The company raised $20 million of Series A venture funding in a deal led by Icon Ventures on September 4, 2024, putting the company’s pre-money valuation at $65.8 million. Neythri Futures Fund, GTMFund, Mayfield Fund, Navin Chaddha, Ajeet Singh, and StepStone Group also participated in the round. The company is a developer of a cloud-based data observability and monitoring platform designed to focus on making data at scale reliable and cost-efficient.

Fiddler: The company raised $19.0 million of venture funding from undisclosed investors on September 5, 2024. The company is a developer of an enterprise AI platform.

Mintlify: The company raised $18.5 million of Series A venture funding in a deal led by Andreessen Horowitz on September 3, 2024. Bain Capital Ventures, Y Combinator, and other undisclosed investors also participated in the round. The company is a developer of an AI-powered code documentation platform.

Subsquid: The company raised $17 million of venture funding from undisclosed investors on September 6, 2024. The company is a developer of data network platform designed for data extraction and transformation.

ATLAS Space Operations: The company raised $15 million of Series C venture funding in a deal led by NewSpace Capital on September 4, 2024. Wakestream Ventures, Boomerang Catapult, Beringea, Michigan Capital Network Ventures, Michigan Rise and Red Cedar Ventures also participated in the round. The company is a developer of a commercial network and support software designed to optimize satellite communications.

Scythe Robotics: The company raised $11.6 million of venture funding in the form of convertible promissory notes from undisclosed investors on September 4, 2024. The company is a developer of intelligent autonomous robots designed for unstructured outdoor environments.

WOMBO: The company raised $9 million of venture funding in a deal led by Round 13 Digital Asset Fund on September 4, 2024. Spice Capital, Nvidia, CoreWeave, SBI Ven Capital, and Web3.com Ventures also participated in the round. The company is a developer of a mobile application designed to allow users to generate different artistic versions of themselves through a selfie.

Styngr: The company raised $8.9 million of venture funding from undisclosed investors on September 4, 2024. The company is a developer of an in-game music platform designed to offer players the ability to customize their gaming experience with current popular tracks.

Bond Sports: The company raised $7.6 million of venture funding from undisclosed investors on September 6, 2024. The company is a developer of sports management software designed to provide a comprehensive system for overseeing athletic spaces.

Sirfull Technology: The company received $6 million of development capital from Demeter Partners, Innovacom, Wille Finance and other investors on September 5, 2024. The company is a developer of equipment monitoring software to improve operational efficiency of manufacturers.

Tori: The company raised $5.6 million of venture funding from undisclosed investors on September 5, 2024. The company is a developer of a customer relationship management platform designed for restaurants.

Galileo: The company is in the process of raising Series B venture funding from Premji Invest and other undisclosed investors on September 4, 2024. The company is a developer of a data-driven enterprise solution for proactive monitoring, optimization, and strategic management of infrastructure stacks.

HUSSLUP: The company is in the process of raising venture funding from VITALIZE Venture Capital and other undisclosed investors on September 5, 2024. The company is an operator of a talent discovery platform in the media and entertainment industry.

Mithryl: The company raised an undisclosed amount of venture funding from Plus Venture Capital on September 4, 2024. The company is a developer of a cloud-based data management platform.

Nimble: The company raised an undisclosed amount of venture funding from FedEx on September 5, 2024. The company is an operator of a customer relationship management platform designed to create auto-enriched contact profiles.

YesPlz: The company raised an undisclosed amount of venture funding from Naver D2 Startup Factory on September 3, 2024. The company is a developer of a fashion e-commerce platform focused on product discovery.


M&A Transactions

Frontier Communications / Verizon Communications: The company reached a definitive agreement to be acquired by Verizon Communications for an estimated $20 billion on September 5, 2024. The company offers a variety of services to residential and business customers over its fiber-optic and copper networks.

Heyday / Branded: The company was acquired by Branded (Media and Information Services (B2B)) for $521 million on September 5, 2024. The company is an operator of a digital brands accelerator for e-commerce companies.

Preligens / Safran Group: The company was acquired by Safran Group for EUR 220 million on September 2, 2024. The company is a developer of an artificial intelligence-driven operating system.

MirrorWeb / Mainsail Partners: The company was acquired by Mainsail Partners through a $63 million LBO on September 5, 2024. The company is a developer of an archiving platform designed to archive and monitor digital enterprise data.

Cesium / Bentley Systems: The company was acquired by Bentley Systems for an undisclosed amount on September 6, 2024. The company is a developer of a geospatial mapping and analysis platform.

Hashtag Labs / Aditude: The company was acquired by Aditude for an undisclosed amount on September 4, 2024. The company is a developer of SaaS-based Ad-tech monetization software.

Hera Systems / Redwire: The company was acquired by Redwire for an undisclosed amount on September 4, 2024. The company is an operator of a satellite information and analytics company for the defense and security industry.

Hopoo Games / Valve Software: The company was acquired by Valve Software for an undisclosed amount on September 3, 2024. The company is an operator of a game development studio.

KonaSearch / Bullhorn: The company was acquired by Bullhorn, via its financial sponosrs Genstar Capital, Insight Partners, Stone Point Capital and Watch Hill Partners, through an LBO on September 6, 2024 for an undisclosed amount. The company is an operator of an advanced salesforce search platform.

LifeBrand / Sentiment AI: The company was acquired by Sentiment AI for an undisclosed amount on September 5, 2024. The company is a developer of a brand reputation and risk management technology designed to protect social media presence.

PicYourMoment / Individual Investor: The company was acquired by Mr. Richard Versluis for an undisclosed amount on September 2, 2024. The company is a developer a photo diary app.

ReachSuite / Consensus: The company was acquired by Consensus, via its financial sponsor Sumeru Equity Partners, through an LBO on September 3, 2024 for an undisclosed amount. The company is a developer of an interactive product demo platform for software companies.

Simpleview / Granicus: The company was acquired by Granicus, via its financial sponsors Frontier Growth, Harvest Partners, NB Capital Solutions and Vista Equity Partners, through an LBO on September 5, 2024 for an undisclosed amount. The company is a developer of digital marketing software.

Splash / Cvent: The company was acquired by Cvent, via its financial sponsors Blackstone, Vista Equity Partners, Abu Dhabi Investment Authority and AustralianSuper, through an LBO on September 4, 2024 for an undisclosed amount. The company is a developer of an online marketing automation platform.

Sulzer Schmid / Renewable Energy Systems: The company was acquired by Renewable Energy Systems, via its financial sponsor Canbank Venture Capital Fund, through an LBO on September 2, 2024 for an undisclosed amount. The company is a developer of a cloud-based autonomous wind turbine blade inspection platform.

SwipeGuide / Leading2Lean: The company was acquired by Leading2Lean, via its financial sponsor M33 Growth, through an LBO on September 4, 2024 for an undisclosed amount. The company is a developer of a digital workplace instruction platform.

Tenyx / Salesforce: The company reached a definitive agreement to be acquired by Salesforce for an undisclosed amount on September 3, 2024. The company is a developer of AI-powered intelligent voice-based customer service agents.

Ulula / EcoVadis: The company was acquired by EcoVadis, via its financial sponsors Bain & Company, General Atlantic, BeyondNetZero, Astorg, Princeville Capital, GP Bullhound, GIC (Singapore), CVC Capital Partners and BlackRock through an LBO on September 4, 2024 for an undisclosed amount. The company is a developer of a multi-channel stakeholder engagement platform.


Source: Pitchbook Data, Inc.

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