M&A
IT services firm Jack Henry & Associates has agreed to acquire Payrailz, a US-based payment platform developer backed by payment processor First Data and financial services firms Live Oak Bank, Woodforest National Bank and Webster Bank. The transaction, the size of which is undisclosed, is set to close on August 31.
Health information network operator Availity has agreed to buy Diameter Health, a US-based developer of data-equipped health optimisation technology, for an undisclosed sum. It had raised $30m as of an $18m round in late 2020 led by managed care provider Centene Corporation and backed by care services provider Optum through its Optum Ventures unit.
Digital marketing firm Kargo has purchased US-based cloud video software developer Ziggeo for an undisclosed amount. Ziggeo had participated in enterprise software group SAP’s SAP.io Foundry in 2018.
Fund
US-based hardware and software services provider Softeq Development Corporation has committed an additional $5m to its Softeq Venture Fund and formed a venture studio called Launch New Hampshire. Softeq launched the fund in February this year with $40m.
Public markets
SoCar, a South Korea-based car sharing service backed by telecommunications and internet group SoftBank, automotive group Lotte Rental and IT services firm SK Holdings, has set the price of its initial public offering at KRW28,000 ($21) per share, below the KRW34,000 to KRW45,000 range announced in June this year. The price would net the company approximately $78m in the IPO, which is set to take place on the Korea Exchange.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| CleverTap | Customer engagement and retention platform | Services | US | D | 105 | 09/08/2022 | Recruit Holdings; Caisse de dépôt et placement du Québec (lead), Tiger Global, Sequoia India, IIFL Wealth (IIFL Asset Management) |
| Overtime | Gen-Z and millennial-focused sports media provider | Media | US | D | 100 | 09/08/2022 | Liberty Media (lead); Morgan Stanley (Counterpoint Global), Winslow Capital, Blackstone, Sapphire Sport |
| WiTricity | Wireless charging technology developer | Energy and Natural Resources | US | N/A | 63 | 09/08/2022 | Siemens, Enechange/Loop (Japan Energy Capital’s Energy Fund), Delta Electronics, Airwaves Wireless Electricity; Mirae Asset Capital, Stage One |
| Truework | Employment verification software provider | Financial | US | C | 50 | 09/08/2022 | Indeed; G Squared (lead), Sequoia, Khosla Ventures, Human Capital, Four Rivers Group, Activant Capital |
| Gunzilla Games | Video game developer | Media | Germany | N/A | 46 | 09/08/2022 | Animoca Brands, Kucoin (KuCoin Labs), Blizzard, Huobi Group, GSR, Jump Trading Group (Jump Crypto), NGG; Republic Capital (lead), Griffin Gaming Partners, Raptor Group, CoinFund, Shima Capital, Dominance Ventures, Spartan Investment Group, AlphaCrypto Capital, Digital Strategies, Gamegroove Capital, Morningstar Ventures |
| Oliver Space | Tech-enabled furniture producer | Consumer | US | N/A | 36 | 09/08/2022 | LG (LG Technology Ventures); Morgan Creek Capital Management (Union Grove Venture Partners) (lead), Mayfield Fund, USVP, Expa Capital, Abstract Ventures, Avenue Capital Group |
| Shopic | Shopping touchscreen hardware producer | Consumer | Israel | B | 35 | 09/08/2022 | Qualcomm (Qualcomm Ventures) (lead), Clal Insurance, Shufersal; Vintage Investment Partners, IBI Tech Fund, Tal Ventures |
| Enalare Therapeutics | Acute respiratory therapeutics developer | Healthcare | US | N/A | 25 | 09/08/2022 | Eagle Pharmaceuticals |
| Canvass Analytics | Smart industrial software provider | Industrial | Canada | A | 20.7 (updated) | 09/08/2022 | Yamaha Motors (Yamaha Motors Ventures) (lead); Government of Canada (FedDev Ontario), EDC, Real Ventures, BDC, Viaduct Ventures |
| Pinata | NFT media distribution platform | Media | US | A | 18 | 09/08/2022 | OpenSea; Greylock (co-lead), Pantera (co-lead), Offline Ventures, Volt Capital, Alchemy Ventures |
| SquadStack | Digital sales outsourcing service | Services | India | B | 17.6 | 09/08/2022 | Bertelsmann (Bertelsmann India Investments (lead); Chiratae Ventures, Blume Ventures |
| Econic Technologies | Waste-derived plastic developer | Industrial | UK | D | 12.5 | 09/08/2022 | Global Chemicals (GC Ventures Company Limited), ING (ING Sustainable Investments); OGCI Climate Investments (lead), Capricorn Sustainable Chemistry Fund, CM Venture Capital (CM Venture Capital Fund III) |
| DataProphet | Manufacturing optimisation technology producer | IT | South Africa | A | 10 | 10/08/2022 | Norican; Knife Capital (Knife Fund III) (lead), Industrial Development Corporation |
| Nerdystar | Blockchain game publisher | Media | South Korea | Seed | 5.8 | 09/08/2022 | GuildFi, FTX (FTX Ventures); Bitkraft Ventures, Formless Capital, SBXG, Seum, VistaLabs |
| Qventus | AI-equipped healthcare software provider | Healthcare | US | N/A | 3 | 09/08/2022 | ThedaCare |
| Cashmere | Enterprise digital wallet management service | Financial | US | Seed | 3 | 08/08/2022 | Coinbase (Coinbase Ventures); FBG Capital, Y Combinator |
| Orxa Energies | Electric motorcycle and battery developer | Transport | India | Pre-A | N/A | 09/08/2022 | SAR Group (Lectrix E-Vehicles) |
| Oorja | Automotive battery developer | Industrial | India | N/A | N/A | 09/08/2022 | Capital A (Evolve) |
| Framemotion Studio | Digital content producer | Media | Malaysia | N/A | N/A | 08/08/2022 | Nomura |
| Trinity Life Sciences | Life sciences commercialisation technology developer | Healthcare | US | N/A | N/A | 08/08/2022 | Bain & Company |
| Snkrz | Exercise-themed NFT platform developer | Media | South Korea | N/A | N/A | 09/08/2022 | Wemade |
