Strategy | Financing Highlight

Private Placement / Financing Transactions

Zoovu: The company raised $169 million of Series C venture funding in a deal led by FTV Capital on June 15, 2022. The company is a developer of a next generation digital commerce search platform that merges context and meaning across channels to help brands and retailers have rich, personalized conversations with their customers.

DataStax: The company raised $115 million of Series F-2 venture funding in a deal led by Goldman Sachs Asset Management on June 15, 2022, putting the company’s pre-money valuation at $1.6 billion. RCM Alternatives, EDBI, Crosslink Capital, Meritech Capital Partners, OnePrime Capital, and other undisclosed investors also participated in the round. The company is an operator of a distributed database management platform designed to power data management for cloud applications.

Invoca: The company raised $83 million of Series F venture funding in a deal led by Silver Lake on June 14, 2022, putting the company’s pre-money valuation at $1.02 billion. The company is an operator of conversation intelligence platform intended to create better buying experiences, drive more leads and increase revenue.

DealHub: The company raised $60 million of venture funding in a deal led by Alpha Wave Global on June 14, 2022. The company is a developer of a cloud-based sales engagement platform designed to improve enterprise sales execution.

Teamworks: The company raised $50 million of Series D venture funding in a deal led by Seaport Capital, Delta-v Capital and General Catalyst on June 15, 2022, putting the company’s pre-money valuation at $250 million. Blossom Street Ventures and 5 other investors also participated in the round. The company is a developer of an athlete engagement application designed to assist in the management of sports teams.

Playful Studios: The company raised $46 million of Series A venture funding in a deal led by Paradigm on June 14, 2022. Polygon, Griffin Gaming Partners and Sabrina Hahn also participated in the round. The company is an operator of an independent game studio intended to develop action games.

Playermaker: The company raised $40 million of venture funding in a deal led by Ventura Capital on June 16, 2022. Pegasus Tech Ventures, MIG Capital and other undisclosed investors also participated in the round. The company is a developer of sports technology designed to provide actionable player data for sports teams with an initial focus on soccer.

Transfr: The company raised $35 million of Series B venture funding in a deal led by Lumos Capital Group on June 16, 2022. Firework Ventures, Album VC and Springtide also participated in the round. The company is a developer of an apprenticeship platform designed to create training simulations in virtual reality.

VersusGame: The company raised $25 million of Series A1 venture funding from Brightstone Venture Capital and 27 other investors on June 15, 2022, putting the company’s pre-money valuation at $166 million. The company is a developer of a mobile game platform with millions of monthly players that pairs interactivity with culture to generate interactive engagement and revenue through asking simple engaging questions.

PredictSpring: The company raised $16 million of Series B venture funding from Novel TMT Ventures, Felicis Ventures and Salesforce Ventures on June 15, 2022. Other undisclosed investors also participated in the round. The company is an operator of an omnichannel commerce platform intended to connect the online and in-store customer experience.

Tango: The company raised $14 million of Series A venture funding in a deal led by Slack Fund, Atlassian Ventures, and Tiger Global Management on June 15, 2022. GSV Ventures, Wing Venture Capital, General Catalyst, Outsiders Fund, Red Sea Ventures and other undisclosed investors also participated in the round. The company is a developer of a workflow intelligence and training platform designed to help teams elevate their performance.

Soundstripe: The company raised $8.7 million of Series B venture funding from Escalate Capital Partners, Vocap Investment Partners and Craft Ventures on June 17, 2022. Other undisclosed investors also participated in the round. The company is a developer of a music licensing and streaming platform built for the media and entertainment industry.

Buzzer: The company raised $8.5 million of venture funding from undisclosed investors on June 16, 2022. The company is a developer of a notification-driven mobile platform designed to offer personalized live sports content.

Veritonic: The company raised $7.1 million of Series A-1 venture funding from Upstage Ventures, Lavrock Ventures, and other undisclosed investors on June 13, 2022, putting the company’s pre-money valuation at $36 million. The company is a developer of a marketing intelligence platform intended to offer audio advertising services.

Roq.ad: The company raised $7 million of Series A venture funding from Aperiam Ventures, DNX Ventures and OCA Ventures on June 16, 2022. The company is a developer of a cross-device advertising platform designed for digital advertising through actionable insights about users.


M&A Transactions

Betcity / Entain: The company, a subsidiary of Sports Entertainment Media reached a definitive agreement to be acquired by Entain (LON: ENT) for EUR 850 million on June 14, 2022. The company will receive a contingent payout of EUR 550 million. The company is an operator of an online casino and sports betting platform located in Amsterdam, Netherlands

Awingu / Parallels: The company was acquired by Parallels, a subsidiary of Corel, for an undisclosed amount on June 13, 2022. The company is developer of a unified workspace designed to offer secured and audited access to company files and legacy, web, and SaaS applications

KMTX / Seedtag: The company was acquired by Seedtag for an undisclosed amount on June 14, 2022. The company is a developer of a programmatic advertising platform designed to detect and target audiences based on keywords

Leanplum / CleverTap: The company was acquired by CleverTap for an undisclosed amount on June 13, 2022. The company is a developer of a mobile marketing and multichannel engagement platform designed to build brand engagement

LemonOne / BOOM: The company was acquired by BOOM for an undisclosed amount on June 13, 2022. The company is a developer of an on-demand photography platform intended to offer professional stock imagery.

Media Business Insight / GlobalData Holding: The company was acquired by GlobalData Holding (LON: DATA) for an undisclosed amount on June 13, 2022. The company is a publisher of news and insights for decision-makers and creatives in the media industry.

Millennium Communications / Unite Digital: The company reached a definitive agreement to be acquired by Unite Digital (US) for an undisclosed amount on June 16, 2022. The company is a provider of digital marketing and branding services based in Syosset, New York

MobileX / Electro Sensors: The company has entered into a definitive agreement with Electro Sensors, (NASDAQ: ELSE) to be acquired through a reverse merger, resulting in the combined entity trading on the NASDAQ Stock Exchange under their combined ticker symbol of MOBX. The company is a provider of wireless connectivity services intended to make it possible for consumers to switch across global networks.

NewSpace Networks / Sempre: The company was acquired by Sempre for an undisclosed amount on June 15, 2022. The company is a developer of terrestrial, maritime, airborne and space-based wireless communications software based in San Jose, California.

Spell / Reddit: The company was acquired by Reddit for an undisclosed amount on June 16, 2022. The company is a developer of a digital machine learning platform designed to provide a cloud computing solution for resource-intensive machine learning experiments without the need for high-end hardware.

Tomia / Lumine Group: The company was acquired by Lumine Group, a subsidiary of Volaris Group, a Constellation Software business, for an undisclosed amount on June 13, 2022. The company optimises and orchestrates critical inter-carrier business processes including data and financial clearing, network roaming, real-time campaign management and interconnect solutions for service providers worldwide.

VocaliD / Veritone: The company was acquired by Veritone (NAS: VERI) for an undisclosed amount on June 16, 2022. The company pioneered the creation of personalized synthetic voices and is a developer of a text-to-speech mobile application designed to create custom digitized voices.

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