M&A
Precision medicine producer Gemini Therapeutics has agreed to merge with Disc Medicine, a US-based haematologic disease therapy developer backed by life sciences real estate investment trust Alexandria Real Estate Equities, pharmaceutical firm Novo and conglomerate Access Industries. The combined entity will operate under the name Disc Medicine and take Gemini’s listing on the Nasdaq Global Market. It will have about $175m in cash when the transaction closes later this year, including $53.5m from existing Disc investors such as Novo and Access Industries subsidiary Access Biotechnology.
Human resources consulting firm Kabi Technologies has acquired Bloovo, a UAE-based provider of artificial intelligence-equipped recruitment software, for an undisclosed amount, allowing staffing advisory firm ProCapita HR Consultancy to exit. ProCapita took part in Bloovo’s $3m seed round in 2017.
Funds
Thailand-based electric utility Gulf Energy Development has committed THB2.7bn ($77m) to private equity firm Lightrock’s Climate Impact Fund, which is set to operate for a decade and which focuses on companies that can help impact greenhouse gas emissions.
Hong Kong-based asset management firm Gly Capital Management has closed a $163m private equity vehicle dubbed New Mobility Fund, which was anchored by automotive manufacturers Zhejiang Geely Holding Group and IT services firm SK. Its limited partners include unnamed industrial conglomerates, financial institutions, family offices and high-net-worth individuals across Hong Kong, South Korea, Singapore, the US, Europe and Japan.
Singapore-based insurer Tokio Marine Asia has formed a strategic alliance with fintech and insurtech-oriented venture capital firm Arbor Ventures through its Innovation Lab subsidiary. The corporate’s Japan-headquartered parent firm, Tokio Marine Holdings, had already created a corporate venturing arm called Tokio Marine Future Fund in April this year in partnership with VC group World Innovation Lab.
Funding
Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
---|---|---|---|---|---|---|---|
Espay Debit Indonesia Koe (Dana) | Digital wallet provider | Financial | Indonesia | N/A | 250 | 10/08/2022 | Sinar Mas Group; Lazada (secondary) |
Insilico | AI-driven drug discovery company | Healthcare | China | D | 95 (updated) | 10/08/2022 | Saudi Aramco (Prosperity7 Ventures) (lead), Wilson Sonsini Goodrich & Rosati (WS Investment Company); Boston Consulting (B Capital Group), Warburg Pincus, BHR Partners, Qiming Venture Partners, Deerfield, Pavilion Capital, Bold Capital Partners, Alex Zhavoronkov |
StradVision | Automotive perception processing software developer | Transport | South Korea | C | 88 | 10/08/2022 | ZF (co-lead), Aptiv (co-lead) |
Injective | Finance-focused blockchain provider | Financial | US | N/A | 40 | 10/08/2022 | Jump Trading Group (Jump Crypto) (lead); Alan Howard (BH Digital) |
Finix | Software-focused payment technology provider | Financial | US | B | 30 | 10/08/2022 | American Express (American Express Ventures); The General Partnership, Acrew Capital, Bain Capital (Bain Capital Ventures), Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP Partners (PSP Growth), Vamos Ventures, Franklin Templeton |
BetaGlue Technologies | Cancer radiotherapy system developer | Healthcare | Italy | N/A | 10.2 | 19/07/2022 | Intesa Sanpaolo (Neva), Petrone Group (Fin Posillipo), Romed; Panakes Partners, Liftt, Kairos Partners, Innogest Capital, Profequycapital |
ViXion | Eyesight enhancement headset developer | Healthcare | Japan | A | 7.2 | 10/08/2022 | Senju Pharmaceutical, Exedy Corporation |
Only Story | Operator of decision-maker matching platform Chira CEO | IT | Japan | N/A | 7.2 | 10/08/2022 | Nippon Life (Nissay Capital), EggForward, Uzabase; Shoko Chukin Bank (debt), Shizuoka Bank (debt) |
Cupixel | Augmented reality-based art viewing system developer | Media | US | Seed | 5 | 10/08/2022 | Joann Fabric & Crafts (lead) |
Fair.xyz | NFT minting platform developer | Financial | UK | Seed | 4.5 | 09/08/2022 | OpenSea; Eden Block (lead), First Minute Capital, NFX |
Data Gumbo | Smart contract technology provider | IT | US | C | 4 | 10/08/2022 | Saudi Aramco (Saudi Aramco Energy Ventures), Equinor (Equinor Technology Ventures) |
FastLabel | AI-equipped data software provider | IT | Japan | A | 3.5 | 10/08/2022 | NTT Docomo (NTT Docomo Ventures), Safie, Sony (Sony Innovation Fund); Jafco (lead), Genesia Ventures |
Cocuus | Bioprinted meat developer | Consumer | Spain | Pre-A | 2.6 | 10/06/2022 | Cargill (Cargill Ventures); Big Idea Ventures (lead), Universitat Politècnica de València (Tech Transfer UPV), Eatable Adventures |
Dank1 | Sports training app developer | Services | Japan | N/A | 1.1 | 10/08/2022 | Oricon |
ProfilePrint | Quality assessment technology provider for food ingredients | Services | Singapore | A1 | <1 ($600,000) | 11/08/2022 | Cargill |
Pier Augé | Skincare product manufacturer | Consumer | France | N/A | N/A | 08/07/2022 | S’Young Group |
Pattern Technologies | Online restaurant aggregator | Consumer | Pakistan | Pre-Seed | N/A | 10/08/2022 | Arbisoft; Deosai Ventures (lead), Sabr Capital, unnamed investors |
Direct-C | Nano-composite polymer technology provider | Industrial | Canada | N/A | N/A | 09/08/2022 | Henkel (Henkel Adhesive Technologies) |
Effectiv | Fraud prevention software producer | Financial | US | N/A | N/A | 09/08/2022 | BHG Financial (BHG VC) |
Suzhou Electroder Technology | Battery design services provider | Energy and Natural Resources | China | A | N/A | 09/08/2022 | Bosch Group (Robert Bosch Venture Capital); Sinovation Ventures |
AppOmni | SaaS-focused security software developer | IT | US | N/A | N/A | 09/08/2022 | Cisco (Cisco Investments) |
MetaWorld Entertainment | Web3-based concert, game and event provider | Media | US | N/A | N/A | 09/08/2022 | The Sandbox, Animoca Brands, Com2uS |