M&A
Movie streaming platform ROW8 has acquired Rad, the US-based Web3 streaming services provider backed by corporates A+E Networks, World Wrestling Entertainment, Disney and Sony, for an undisclosed amount.
Investment banking firm JP Morgan has paid more than $800m for a 49% stake in Viva Wallet, the Greece-based cloud-based payment provider backed by internet group Tencent, in a secondary transaction involving minority shareholders. Co-founders Haris Karonis and Makis Antypas jointly hold the remaining 51% stake now the deal, announced in January, has closed.
Funds
Monoful Venture Partners, the Japanese subsidiary of Singapore-headquartered logistics and investment management group GLP, has raised ¥12.9bn ($96m) for a first close of its first fund, Monoful Venture Partners I.
Reverse merger
ECarX, the China-based automotive computing technology platform developer backed by corporates Luminar, Geely, Baidu, Lotus Group and Susquehanna International Group, has merged with Nasdaq-listed special purpose acquisition company Cova Acquisition Corp. The transaction was announced in May and valued the combined business at $3.4bn.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| SiBionics | Chronic disease management technology developer | Healthcare | China | D | 71.7 | 22/12/2022 | China New Town; Shanghai Biomedical Industrial Equity Investment Fund (co-lead), Guangdong Chinese Medicine and Mass Health Fund (co-lead), Industrial Securities Capital, Next Capital |
| Gumi | Mobile metaverse game developer | Media | Japan | N/A | 53 | 22/12/2022 | Square Enix; SBI Holdings |
| TowardPi Medical Technology | Ophthalmic equipment producer | Healthcare | China | C | 43 | 20/12/2022 | Eyebright Medical Technology (joint venture with Suzhou Qingfen Capital Management and Insight Capital); Guosheng Group (Sun Rock Capital) (lead), Tao Capital, Kunlun Capital |
| Casavo | Online real estate platform | Services | Italy | N/A | 10.6 | 21/12/2022 | UniCredit |
| Vianova | Mobility data software provider | Transport | France | A | 6.4 | 22/12/2022 | Bâloise (Baloise VC) (co-lead), RATP Group (RATP Capital Innovation); XAnge (co-lead), Ponooc |
| Apeiron Synthesis | Olefin metathesis technology developer | Industrial | Poland | N/A | 4.8 | 21/12/2022 | PKN Orlen (Orlen VC), Adamed (unnamed fund); Aper Ventures (lead) |
| SiB Solutions | Logistics management software provider | Services | Sweden | N/A | 4.8 | 15/12/2022 | Scania (Scania Growth Capital) |
| Watalook | Provider of beauty services management software | Services | Lithuania | Seed | 3.2 | 21/12/2022 | Motieka & Audzevičius (Motieka Investment Fund); ByFounders, Practica Capital, Crosspring, unnamed angel investors |
| EV Motors Japan | Electric vehicle manufacturer and charging station operator | Transport | Japan | C | 2.4 (updated) | 22/12/2022 | Fuyo General Lease, Kansai Electric Power (K4 Ventures), Kyuden Technosystems Corporation, Hankyu Bus, Sumitomo, Hibiki, Nishi-Nippon Railroad, Daiichi Kotsu, Wistron, Iyotetsu, IT-Farm, Mizuho Leasing, Sumitomo Mitsui Trust Bank, Yamanashi Chuo Bank (Yamanashi Chugin Management Consulting), Fukuoka Financial Group; Energy & Environment Investment, IMM Investment Corp (IMM Investment Group) |
| Fita | Fitness and health monitoring app developer | Healthcare | Indonesia | N/A | 1.9 | 21/12/2022 | Telkomsel (Indico) |
| The Pack | Plant-based pet food brand | Consumer | UK | Seed | 1 | 21/12/2022 | Scelta Mycofriends, Mars (Mars Petcare Companion Fund); Veg Capital, Kale United, Akoleo, Silicon Valley VC Accel, Leap Ventures, Simon Newstead, Alicia Robb, Simon Day, Victoria Betoski, Leo Groenewegen |
| QuantCube Technology | Economic prediction software provider | Financial | France | B | N/A | 20/12/2022 | Moody’s; Tawazun Council (Strategic Development Fund) (lead), Five Capital |
| Oasys | Gaming blockchain developer | Media | Japan | N/A | N/A | 06/12/2022 | AAG, Nexon, YJM Games, ChainGuardians; Galaxy Interactive (lead), Jsquare, Presto Labs, MZ Web3 Fund, Hyperithm, Jets Capital |
| Radian Arc | Cloud gaming infrastructure developer | Media | Australia | A | N/A | 21/12/2022 | Advanced Micro Devices (AMD); CPS Capital Group (lead), TEC |
| Beso | Provider of tax accountant-focused SaaS platform ZoooU | Financial | Japan | N/A | N/A | 22/12/2022 | Mitsubishi UFJ (Mitsubishi UFJ Capital) |
| Knomary | Enterprise distance education service | Services | Belarus | N/A | N/A | 20/12/2022 | Beeline (VimpelCom) |
