Public markets
Edianyun, a China-based enterprise office equipment leasing and IT services provider backed by conglomerate Legend Holdings and payment services provider Lakala, filed for an initial public offering in Hong Kong for a third time. The company had previously applied for a listing in February 2022 before retrying in seven months later.
M&A
Long-distance carpooling app BlaBlaCar said yesterday it plans to acquire Klaxit, a France-based, work commute-focused ride sharing platform backed by insurance firm MAIF, vehicle maintenance service Mobivia, public transport operator RATP Group and catering services provider Sodexo, for an undisclosed amount.
Operational data monitoring software provider Grafana Labs has purchased Pyroscope, the US-based operator of an open-source troubleshooting platform, for an undisclosed sum, enabling internet and telecommunications group SoftBank to exit. The corporate invested in Pyroscope at seed stage along with General Catalyst, Harvard University, SV Angel and IU Angel Network.
Funding
Internet and technology group Alphabet’s GV unit led a $41m series C round for Clever Care Health Plan, a US-based healthcare provider that combines eastern and western medical and wellness practices. Care provider Point32Health and insurance firms Prudential Financial and Allianz also took part – the last two through their Prudential Ventures and AV8 Ventures subsidiaries respectively – as did Norwest Venture Partners, Health Velocity Capital, Brighton Health Partners, Windham Venture Partners and Figure 8 Investments.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| SolarCycle | Solar power equipment recycling service | Energy and Natural Resources | US | A | 30 | 15/03/2023 | The Heritage Group (HG Ventures), Prologis (Prologis Ventures); Fifth Wall (lead), Urban Innovation Fund, Closed Loop Partners |
| Neowise Biotechnology | T-cell receptor-based tumour therapy developer | Healthcare | China | A+ | 29 | 15/03/2023 | Gem; Marathon Venture Partners, Oriza Seed Fund Management, Orange Land Capital, Zhongxin Capital, LeaderVC |
| Fire1 | Remote heart monitor developer | Healthcare | Ireland | N/A | 25 | 15/03/2023 | Novo (co-lead), Medtronic; Andera Partners (co-lead), Gilde Healthcare, Gimv, Irish National Treasury Management Agency (Ireland Strategic Investment Fund), Lightstone Ventures, New Enterprise Associates, Seventure Partners |
| Seldon | Provider of machine learning optimisation tools | IT | UK | B | 24.2 | 16/03/2023 | Sonae (Bright Pixel) (lead); AlbionVC, Cambridge Innovation Capital, Amadeus Capital Partners |
| Genpop Interactive | Computer game studio | Media | US | Seed | 6.5 | 15/03/2023 | Good Smile Company, Studio Trigger; Makers Fund (lead), 1Up Ventures, unnamed figure creators |
| Monitaur | Provider of AI-equipped regulatory compliance software for the insurance industry | Financial | US | N/A | 4.6 | 15/03/2023 | Sumitomo (Presidio Ventures); Cultivation Capital (lead), Rockmont Partners, Plug and Play, Studio VC |
| Healium | Developer of mixed reality biofeedback technology | Industrial | US | Seed | 3.6 | 15/03/2023 | Mayo Clinic; Impact Venture Capital, Ambition Fund II, Captain Partners & Astronaut Holdings, Citrine Angels, Coact Capital, Gaingels, KCRise Fund, Missouri General Assembly (Missouri Technology Corporation), QRM Capital, Stadia Ventures, Tidewater Capital, Underdog Ventures |
| Alex | Decentralised Bitcoin exchange | Financial | N/A | N/A | 2.5 | 14/03/2023 | Trust Machines; Gossamer Capital, unnamed others |
| Turan | Developer of money transfer digitalisation technology | Financial | Turkey | N/A | 1.1 | 14/03/2023 | United Payment, Colendi (Colendi Ventures); APY Ventures, KT Portföy, Tera Portföy, Neo Portföy Türkaz Yatırım Fonu, Re-Pie, Caucasus Ventures |
| Vector Homes | Modular housing materials developer | Industrial | UK | Seed | <1 ($540,000) | 15/03/2023 | HSPG; SFC Capital, GC Angels, Greater Manchester Combined Authority |
| Nuqtah | NFT marketplace operator | Financial | Saudi Arabia | Seed | N/A | 15/03/2023 | Animoca Brands (lead), Polygon; unnamed others |
