AAA Daily Deal Round Up: August 2, 2022

Daily Deal Round Up: August 2, 2022

M&A

Zeelo, the UK-based smart bus portal operator backed by carmaker Jaguar Land Rover’s InMotion Ventures subsidiary, has agreed to terminate a merger with ride hailing service Swvl announced in April this year, due to market volatility.

Reverse merger

New York-listed special purpose acquisition company Social Leverage Acquisition Corp I has agreed to purchase W3BCloud, the Ireland-based compute infrastructure builder that counts graphics processing unit producer Advanced Micro Devices (AMD) and blockchain technology provider ConsenSys as investors. Both took part in a $20.5m round for W3BCloud in early 2020.

Funding

CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestors
Taibang Biologic GroupBlood-derived pharmaceutical product developerHealthcareChinaN/A30002/08/2022China Life (China Life Private Equity Investment); Abu Dhabi Investment Authority (Platinum Orchid) (lead), GIC, Cinda Kunpeng (Shenzhen) Investment Management
GluBio TherapeuticsTargeted protein degradation drug developerHealthcareUSA+2201/08/2022Eli Lilly (Lilly Asia Ventures); Qiming Venture Partners (lead), Kaitai Capital
Blue FrontierSustainable air conditioning technology developerIndustrialUSA2028/07/2022Modern Niagara; Breakthrough Energy (Breakthrough Energy Ventures) (lead), 2150 (2150 Urban Tech Sustainability Fund), VoLo Earth Ventures
OneLoadMicro retailer-focused transaction appFinancialPakistanA1101/08/2022Systems; Sarmayacar (co-lead), Shorooq Partners (co-lead),  Bill & Melinda Gates Foundation (Strategic Investment Fund)
MilestonesHome management software providerServicesUSA10.302/08/2022Updater (lead), Sellers Shield, National Association of Realtors (Second Century Ventures), WAV Group (WAV Group Ventures); McLaughlin Ventures, T3 Partners, Peerage Capital
Aurora HydrogenEmissions-free hydrogen technology developerEnergy and Natural ResourcesCanadaA1001/08/2022Williams, Shell (Shell Ventures), Chevron (Chevron Technology Ventures); Energy Innovation Capital (lead), George Kaiser Family Foundation
HiJoJo PartnersInvestment fund management firmFinancialJapanB8.702/08/2022SBI Group (lead), Mitsubishi UFJ (Mitsubishi UFJ Innovation Partners), Japan Investment Adviser; Pegasus Tech Ventures, Mizuho Securities, Okasan Securities
OneOfNFT marketplace developerMediaUSN/A801/08/2022American Express (Amex Ventures); Snow Hill Ventures, Sangha Capital, Chain Link Crypto Fund, MiraBaud Group (Mirabaud Lifestyle Impact and Innovation Fund)
Node.energyEnergy management software provider Energy and Natural ResourcesGermanyA7.129/07/2022Helen (Helen Ventures); BitStone Capital (lead), 10x Founders, BonVenture, High-Tech Gründerfonds, unnamed angel investors
Li IndustriesLithium-ion battery recycler Energy and Natural ResourcesUSA702/08/2022Xerox (Xerox Ventures), Shell (Shell Ventures); Khosla Ventures (lead)
VideoTouchCustomer development platform formerly known as ViibarServicesJapanN/A5.302/08/2022Plaid; Femto Partners
UneMetaNFT incubator and social financing platform MediaSingaporeN/A529/07/2022Jasmy Foundation (lead); SPB, Avatar DAO, CGV FoF, Consensus Lab, K24 Ventures, Taihill Venture
B9Payroll management software providerFinancialUSSeed2.629/07/2022Mbanq; Sky Light Invest (lead), Wrike founders
FujiaOperator of digital marketing assistant Fujiko-sanMediaJapanN/A2.502/08/2022Vector, Sumitomo Mitsui Banking Corporation; Future Venture Capital, Kamakura Investment Management, Basepartners, Japan Finance Corporation
YouverifyIdentity verification service ITNigeriaSeed2.5 (Updated)02/08/2022Orange (Orange Ventures) (co-lead), Afer Group; LoftyInc Capital (co-lead), Plug & Play (Plug & Play Venture), Octerra Capital, Syntax Ventures, HTTP Investors, Fronesyz Capital
ISS AerospaceIndustrial surveillance technology developerITUKN/AN/A01/08/2022CE Turner
SAAJSustainable fashion retailerConsumerFranceN/AN/A01/08/2022Spartoo

By Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.