Public markets
Base Food, the Japan-based nutritious bread and pasta brand backed by ecommerce firm Rakuten, has been approved to list on the Tokyo Stock Exchange’s Growth Market on November 15 in an initial public offering valuing it at ¥48.3bn ($329m). It is set to offer some 2.7 million shares with an additional 961,000 set aside for the greenshoe option. Mitsubishi UFJ Morgan Stanley Securities is lead underwriter.
M&A
Social network operator Talenthouse has acquired Coolabi Group, a UK-based brand management platform backed by commercial bank Santander Corporate & Commercial, for an undisclosed amount.
Visual collaboration platform operator Miro has paid an undisclosed amount to buy Around, a US-based videoconferencing app developer backed by workplace messaging software provider Slack. The corporate’s Slack Fund took part in a $10m series A round in March 2021 that lifted Around’s total funding to over $15m.
Aerial reality capture technology developer DroneDeploy has purchased StructionSite, a US-based ground reality capture system provider that counted conglomerate GS Group and construction firms Cemex, PCL Construction and Obayashi Corporation as investors, for an undisclosed sum. The company had raised $20m as of January this year.
Fund
Egypt-based venture capital fund Nclude has raised an undisclosed amount from payment services firm MasterCard in a bid to back financial technology developers focusing on financial inclusion.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Yellow Door Energy | Solar project developer | Energy and Natural Resources | UAE | N/A | 400 | 13/10/2022 | Mitsui; International Finance Corporation, Actis, Arab Petroleum Investments Corporation |
| Odyssey Therapeutics | Oncology medicine developer | Healthcare | US | B | 168 | 13/10/2022 | Alexandria Real Estate Equities (Alexandria Venture Investments), GlaxoSmithKline (SR One); General Catalyst (lead), Fidelity Management & Research Company, T Rowe Price Associates, GreatPoint Ventures, Catalio Capital Management, Walleye Capital, SVB Securities (Healthcare Innovation Investment Fund), OrbiMed, Foresite Capital, Logos Capital, Woodline Partners, HBM Healthcare Investments, Colt Ventures, Creacion Ventures, unnamed institutional investors |
| Inari | Sustainable seed designer | Industrial | US | E | 124 | 05/10/2022 | Hanwha (Hanwha Impact Partners); Canada Pension Plan Investment Board, Pictet Group (Banque Pictet), NGS Super, Sage Hill Investors |
| NorthOne | Online banking app operator | Financial | US | B | 67 | 14/10/2022 | Kaiser Permanente, Tencent; Battery Ventures (lead), Don Griffith, Drew Brees, Ferst Capital Partners, FinTLV, Next Play Capital, Operator Stack, Redpoint Ventures, Ruby Ventures, Tom Williams |
| GoHenry | Banking service for under 18’s | Financial | UK | N/A | 55 | 13/10/2022 | Nexi; Edison Partners, Revaia |
| Cherry Street Energy | Solar energy provider | Energy and Natural Resources | US | N/A | 40 | 13/10/2022 | Ebsco Industries |
| Nxyz | Blockchain infrastructure technology developer | IT | US | A | 40 | 12/10/2022 | Coinbase (Coinbase Ventures); Paradigm (lead), Greylock Partners, Sequoia Capital, Balaji Srinivasan, Jaynti (JD) Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee, Ryan Selki |
| Vita Therapeutics | Cancer and neuromuscular therapy developer | Healthcare | US | B | 31 | 12/10/2022 | Cambrian BioPharma (lead), Cedars Sinai; Solve FSHD, Riptide Ventures |
| Metalenz | Sensory optics technology provider | Industrial | US | B | 30 | 13/10/2022 | Intel (Intel Capital), TDK (TDK Ventures), 3M (3M Ventures), Baidu Group (Baidu Ventures), Merck Group (M Ventures); Neotribe Ventures (lead), Foothill Ventures, Osage University Partners, Global Brain, Hegemon Capital, SGInnovate, Braemar Energy Ventures |
| SecuriThings | Optimisation software provider for security devices | IT | Israel | B | 21 | 13/10/2022 | Swisscom (Swisscom Ventures); US Venture Partners (lead), Aleph, Firstime VC, Cresson Management |
| Telda | Consumer finance app developer | Financial | Egypt | Seed | 20 | 12/10/2022 | Block; Global Founders Capital (lead), Sequoia Capital |
| Carvolution | Car subscription service | Transport | Switzerland | D | 16.1 | 14/10/2022 | Mobiliar, Ringier (Ringier Digital Ventures); Redalpine (lead), Armada Ventures |
| Nudge | Challenger bank operator | Financial | Japan | A | 15.9 | 12/10/2022 | KDDI (KDDI Open Innovation Fund), Itochu, Sumitomo (Sumitomo Venture Partners), Mitsubishi, Mitsubishi UFJ (Mitsubishi UFJ Innovation Partners), Hakuhodo (Hakuhodo DY Ventures), BellSystem24, Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), Mizuho Bank (Mizuho Capital), Juroku Bank (Nobunaga Capital Village); One Capital (lead) |
| Zerion | Mobile wallet for Web3 users | Financial | US | B | 12.3 | 12/10/2022 | Wintermute (Wintermute Ventures) (lead), Coinbase (Coinbase Ventures); Placeholder, Mosaic, Polymorphic Capital, Alchemy Ventures, Yunt Capital, Sergej Kunz, Anton Bukov, Orest Gavryliak, Grégoire Le Jeune |
| Spren | Cardiac biomarker technology developer | Healthcare | US | Seed | 11.3 | 13/10/2022 | DraftKings (Drive by DraftKings) (lead); Boston Seed Capital, Karlani Capital, Permit Ventures, Eli Manning, Theo Epstein |
| Eclipse | Modular rollup developer for the Solana blockchain | IT | US | Seed | 9 | 12/10/2022 | CoinList; Tribe Capital (co-lead), Tabiya (co-lead), Infinity Ventures Crypto, Soma Capital, Struck Crypto |
| Eclipse | Modular rollup developer for the Solana blockchain | IT | US | Pre-Seed | 6 | 12/10/2022 | Polygon (Polygon Ventures); Polychain (lead), Tribe Capital, Tabiya, Galileo, Accel |
| Waste4Change | Solid waste management service | Industrial | Indonesia | A | 5 | 14/10/2022 | Basra Corporation, Sinar Mas (SMDV); AC Ventures (co-lead), Barito Mitra Investama (co-lead), Paloma Capital, Delapan Satu Investa, Living Lab Ventures, Urban Gateway Fund |
| Nickels | Financial health improvement service | Financial | US | Seed | 4 | 12/10/2022 | CUSO (Reseda Group); Flyover Capital (lead) Detroit Venture Partners, Michigan Rise |
| Samp | Industrial project management platform | Industrial | France | N/A | 3.9 | 13/10/2022 | Engie (Engie New Ventures); Innovacom, High-Tech Gründerfonds |
| Another Works | Second job matching platform | Services | Japan | B | 3.1 | 12/10/2022 | Mizuho Bank (Mizuho Capital), Oita Bank (Oita Venture Capital); QR Investment, Pegasus Tech Ventures, Shoji Yanagida, Yuma Umeda, Tatsuya Suzuki |
| Obatala Sciences | Drug discovery and development company | Healthcare | US | A | 3 | 14/10/2022 | Oschner Lafayette (Ochsner Lafayette General Healthcare Innovation Fund II); Être Venture Capital (lead), Benson Capital Partners, Elevate Capital Fund, Hackett-Robertson-Tobe Group |
| PostCoffee | Online coffee retailer | Consumer | Japan | A | 2.9 | 12/10/2022 | Mitsui Sumitomo Insurance (Mitsui Sumitomo Insurance Venture Capital), Giftee, Mitsubishi UFJ (Mitsubishi UFJ Capital), Voyage Group (Carta Ventures) |
| RootRez | Lodging ecommerce platform | Services | US | Seed | 1.8 | 13/10/2022 | Goodwill Group (GW Capital) (co-lead); Peak Capital Partners (co-lead) |
| PaylessGate | Identity authentication platform | IT | Japan | Pre-A | 1.6 | 12/10/2022 | Kajima (Kajima Ventures); University of Tokyo (University of Tokyo Edge Capital Partners) |
| PetVoice | Pet monitoring system developer | Services | Japan | Pre-A | 1 | 12/10/2022 | Credit Saison (Saison Ventures), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital); Future Venture Capital (co-lead), Spiral Innovation Partners (T&D Innovation Fund) (co-lead) |
| New Space Intelligence | Satellite data provider spun out of Yamaguchi University | Industrial | Japan | N/A | <1 ($200,000) | 13/10/2022 | Chuden Engineering Consultants; Yamaguchi Capital (Fun Fun Drive), unnamed angel investors |
| NFTarts | Operator of NFT project Metaidol | Financial | Japan | Seed | N/A | 14/10/2022 | Edia |
| LX Design | Teacher staffing service | Services | Japan | Seed | N/A | 12/10/2022 | Benesse (Benesse Digital Innovation Fund) |
| LossZero | Food waste reduction service | Consumer | Japan | N/A | N/A | 13/10/2022 | Asahi Broadcasting Corporation (ABC Dream Ventures); Future Venture Capital, Japan Startup Support Association, unnamed angel investors |
| Carmine Therapeutics | Non-viral gene therapy developer | Healthcare | US | A1 | N/A | 13/10/2022 | Simcere Pharmaceuticals; Huagai Capital (lead), EVX Ventures, Cystic Fibrosis Foundation |
| Credi2 | Buy now, pay later software developer | Financial | Austria | N/A | N/A | 12/10/2022 | Volkswagen (Volkswagen Bank) |
| Intertrust | Disritbuted computing service provider | IT | US | N/A | N/A | 12/10/2022 | JERA (lead) |
| Cylo | Identity access technology developer | IT | Israel | N/A | N/A | 12/10/2022 | IBM (IBM Ventures) |
