Funds
Japan-based IT services firm NEC Corporation’s NEC Orchestrating Future Fund has reached a $140m final close. The fund has contributions from corporate backers NTT Finance Corporation, Mitsui Sumitomo Insurance and Sumitomo Mitsui Trust Bank as well as Japan Industrial Partners and Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services.
Nassau Re/Imagine, the incubator scheme run by US-based reinsurance service Nassau Re, has formed TalentBridge23 Incubator Program, a six-month initiative targeting insurance technology developers. IT services groups CGI and LTIMindtree are joint sponsors of the programme along with University of Connecticut and University of Hartford.
M&A
V Ventures, a subsidiary of investment group Thoresen Thai Agencies, is set to pay $100m in digital assets and cash to buy a 90% stake in Zipmex, a Singapore-based cryptocurrency exchange backed by peer Coinbase, financial services firm Bank of Ayudha, advertising agency Master Ad Public and outdoor media group Plan B Media, Bloomberg has reported. It had raised $62m in funding as of March this year.
Funding
| Company | Company description | Sector | Country | Round | Round size ($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| SonoThera | Genetic therapy developer | Healthcare | US | A | 60.8 | 05/12/2022 | Illumina (Illumina Ventures), Johnson & Johnson (Johnson & Johnson Innovation – JJDC), Eli Lilly & Company, Wilson Sonsini, Alexandria Real Estate Equities (Alexandria Venture Investment); Arch Venture Partners (lead), Temasek (Vertex Ventures), Medical Excellence Capital, Lifespan Investments, Formic Ventures, Foothill Ventures, |
| Plant Prefab | Sustainable prefabricated house builder | Services | US | N/A | 42 | 02/12/2022 | Gerdau (lead), Asahi Kasei; Brown Angel Group, Unreasonable Collective ($30m equity), Western Technology Investments, Atel Capital ($12m debt) |
| PictorLabs | Digital pathology technology provider | Healthcare | US | N/A | 15.2 | 01/12/2022 | Merck Group (M Ventures), SCC Soft Computer, Koç Holding |
| Expeto | Private mobile network operator | Telecoms | Canada | B | 12 | 06/12/2022 | Samsung (Samsung Next); Sorenson Capital (lead), 5G Open Innovation Lab, Mistral Venture Partners |
| Apromore | Process mining software provider | IT | Australia | B | 10.3 | 05/12/2022 | Salesforce, GBTEC |
| CleanFiber | Cardboard-derived insulation material developer | Industrial | US | N/A | 10 | 30/11/2022 | Axa (Axa Investment Managers/Axa IM Alts) |
| RepAir | Carbon capture technology developer | Energy and Natural Resources | Israel | A | 10 | 06/12/2022 | Shell (Shell Ventures), Equinor (Equinor Ventures); Extantia Capital (lead), Zero Carbon Capital |
| Paywatch | Earned wage access provider | Financial | US | Pre-A | 9 | 06/12/2022 | Hana Financial Group (Hana Ventures); Third Prime (lead), Parkwood Corp, Vanderbilt University, University of Illinois Foundation |
| Fairatmos | Carbon credit marketplace operator | Energy and Natural Resources | Indonesia | Seed | 4.5 | 06/12/2022 | GoTo (Go-Ventures) (co-lead), Toba Bara Sejahtra (Kreasi Terbarukan TBS) (co-lead); Temasek (Vertex Ventures Southeast Asia and India) |
| EvidenceB | Adaptive learning tool developer | Services | France | N/A | 4.2 | 05/12/2022 | Zanichelli Editore (Zanichelli Venture); Educapital, Finorpa, IRD |
| Retyre | Sustainable bicycle tyre producer | Transport | Norway | N/A | 3 | 28/11/2022 | Statkraft (Statkraft Ventures) (lead); 3MP Pensjon, Bjørn Simonsen, John Hugosson, Odd-Even Bustnes, Fredie Johan Helgesen |
| Kotozna | Multilingual communication tool provider | Services | Japan | N/A | 2.3 | 06/12/2022 | JTB |
| ClimateCamp | Food industry-focused carbon emission tracking platform | IT | Belgium | Pre-seed | <1 ($740,000) | 23/11/2022 | Delaware (Delaware Belgium Ventures); LeanSquare, Airborn, DDM |
| Voiceitt | Non-standard speech recognition technology developer | IT | Israel | N/A | N/A | 02/12/2022 | Cisco (Cisco Investments); Israel Institute of Technology (Amit Technion) (lead), Third Culture Capital |
| Enna | Internet access platform aimed at elderly users | Telecoms | Germany | N/A | N/A | 05/12/2022 | TQ Group, Telefónica (Wayra); Zwei.7 (lead) |
