M&A
Prosus, the internet group formed by e-commerce conglomerate Naspers, has agreed to buy the 33.3% stake in Brazil-based portfolio company iFood it does not own, from fellow food delivery service Just Eat Holding for €1.5bn ($1.5bn) in cash and an additional contingent consideration of up to €300m. It came after about $590m in funding for iFood including a $500m round featuring Naspers and local e-commerce services affiliate Movile in 2018.
Life sciences robotics producer iZafe has signed a letter of intent to acquire Pilloxa, a Sweden-based smart pillbox app operator backed by media group Bonnier, for approximately SEK30m ($2.8m). Bonnier Ventures, the corporate venturing unit of Bonnier, had provided $1.3m for the company in 2019.
A global company and a similarly undisclosed private equity fund have acquired Flusso, a UK-based flow sensor system provider backed by aerospace manufacturer Marshall of Cambridge’s Martlet subsidiary, for £28m ($33.1m). Flusso had raised $10.7m including $5.7m in a Martlet-backed series A round in mid-2020.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Atom Power | EV charging service | Transport | US | N/A | 100 | 18/08/2022 | SK (SK Inc. and SK Energy) |
| TXOne Networks | IIoT cybersecurity software provider | IT | Taiwan | B | 70 | 18/08/2022 | MediaTek, Ta Ya Electric Wire & Cable (and Ta Ya Venture Capital), Simplo Technology Group, Chunghwa Telecom (CHT Security Corporation); TGVest Capital (lead), Ash Tower, Steven Pan, Chun-I Wu, Kaia Capital, China Development Financial Holdings (CDIB Capital Group and CDIB-Innolux) |
| Aero Technologies | Luxury air carrier | Transport | US | B | 65 | 18/08/2022 | Capital One (Capital One Ventures); Albacore Capital (co-lead), Expa, Keyframe Capital |
| Sharing Energy | Solar energy provider | Energy and Natural Resources | Japan | B | 40.8 (updated) | 19/08/2022 | Shinsei Bank (Shinsei Corporate Investment), 77 Bank (77 Capital), Shizuoka Bank (Shizuoka Capital), Yamanashi Chuo Bank (Yamanashi Chugin SDGs Fund), Nanto Bank (Nanto Capital Partners), Chugoku Bank (Chugin Capital Partners) |
| Solsten | AI-based human experience software producer | IT | Germany | B | 21.8 | 18/08/2022 | Dentsu (Dentsu Ventures); Konvoy Ventures (lead), Galaxy Digital (Galaxy Interactive), Inventure Partners, GFR Fund, Sisu Game Ventures, Bascom Ventures, Warburg Serres |
| Groundwork BioAg | Fungi-based agricultural optimisation technology provider | Industrial | Israel | B | 18 | 18/08/2022 | HSBC (HSBC Global Asset Management), BASF (BASF Venture Capital); Climate Innovation Capital (lead), Edaphon, John Abele, MoreVC, Middleland Capital, Ibex Investor |
| Sabanto | Autonomous tractor developer | Industrial | US | A | 17 | 18/08/2022 | SK Networks (Hico Capital), Yara International (Yara Growth Ventures), Wilbur-Ellis (Cavallo Ventures), Johnsonville Sausage (Johnsonville Ventures), Trimble (Trimble Ventures); Fulcrum Global Capital (lead), DCVC Bio |
| Motivo Health | Connection service for therapists and clinical supervisors | Healthcare | US | A | 14 | 18/08/2022 | Cox Enterprises (lead); SteelSky Ventures, Great Oaks Venture Capital |
| Thorizon | Nuclear reactor developer | Energy and Natural Resources | Netherlands | N/A | 12.6 | 18/08/2022 | Huisman; Positron Ventures (lead), Impuls Zeeland, Invest-NL, PDENH. |
| Luminovo | Electronics supply chain software producer | Industrial | Germany | Seed | 11.1 | 19/08/2022 | Tencent, Zürcher Kantonalbank (Verve Ventures); Chalfen Ventures (lead), KCP-Partnership (Khadjavi Capital Partners), La Famiglia, Cherry Ventures |
| Copperpod Digital (Metamaxx.io) | Digital token wallet provider | Financial | US | N/A | 10 | 18/08/2022 | Nityo Group (KFC Ventures) |
| 3-Shake | Cybersecurity technology provider | IT | Japan | B | 6.2 (updated) | 19/08/2022 | Mitsubishi UFJ (Mitsubishi UFJ Capital); Jafco |
| Cellaxia | Intractable disease-oriented cell therapy developer | Healthcare | Japan | N/A | 4.7 | 19/08/2022 | SRD Holdings, Mitsubishi UFJ (Mitsubishi UFJ Capital), Kyogin Lease & Capital, Oita Bank (Oita Venture Capital), Mizuho Bank (Mizuho Capital), Aozora Bank (AJ Capital); Okasan Securities (Okasan Capital Partners), Miyako Capital, Green Core |
| GitPoap | Digital contributor recognition platform | Financial | US | Seed | 4.3 | 18/08/2022 | Protocol Labs, Blizzard (Avalanche VC), Poap; Inflection.xyz (co-lead), Libertus Capital (co-lead), Balaji Srinivasan, Worthalter, Anthony Sassano, Superphiz, Mariano Conti |
| Meson | Stablecoin-focused cross-chain protocol provider | Financial | US | N/A | 4 | 19/08/2022 | Bertelsmann (BAI Capital); GSRV (lead), Mirana Ventures, M77 Ventures, SNZ Capital, A&T Fund, Smarti Labs, Plug and Play |
| Ionate | Hybrid transformer developer | Energy and Natural Resources | UK | Seed | 3.9 | 17/08/2022 | Wien Group (Smartworks); University of Edinburgh (Edinburgh Innovations) (Old College Capital), Cycle Group, Zero Carbon Capital, IQ Capital |
| Shanghai Applied Protein Technology | Precision multiomics medicine developer | Healthcare | China | B | N/A | 19/08/2022 | Legend Holdings (Legend Capital) (lead) |
