M&A
Internet technology group NetEase has acquired one of its portfolio companies, France-based video game developer Quantic Dream. The size of the transaction was not disclosed size but it was carried out by the corporate’s NetEase Games subsidiary, three years after it invested an undisclosed amount in Quantic Dream.
Regulatory compliance software provider Relativity has bought portfolio company Heretik, a US-based developer of contract review tools, for an undisclosed amount. The company raised $3m from investors including Relativity, Corazon Capital and Chicago Ventures across two rounds in 2017.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| FromSoftware | Video game subsidiary of publisher Kadokawa | Media | Japan | N/A | 263 | 31/08/2022 | Tencent (Sixjoy Hong Kong), Sony (Sony Interactive Entertainment) |
| EarlySalary | Digital lending service | Financial | India | D | 110 | 29/08/2022 | Piramal Capital & Housing Finance; TPG (Rise Fund), Norwest Venture Partners |
| Xterio | Blockchain gaming platform | Media | Switzerland | N/A | 40 | 31/08/2022 | FunPlus (lead), FTX (FTX Ventures), XPLA, HashKey, Animoca Brands; Makers Fund, Foresight Ventures, Infinity Ventures Crypto, Matrix Partners |
| Blue World Technologies | Methanol fuel cell technology developer | Energy and Natural Resources | Denmark | B | 37.2 | 30/08/2022 | Deutz; Breakthrough Energy (Breakthrough Energy Ventures), Vaekstfonden |
| oVice | Virtual office and event platform | Media | Japan | B | 32.4 | 31/08/2022 | Salesforce (Salesforce Ventures), Digital Garage (DG Incubation); One Capital, Jafco, Fidelity (Eight Roads), Miraise, SBI Holdings (SBI Investment), unnamed others; Mizuho Bank, Shoko Chukin Bank (debt) |
| Mavenoid | Hardware-focused troubleshooting tool provider | IT | Sweden | B | 30 | 30/08/2022 | ABB (ABB Technology Ventures); Smedvig Capital (lead), Creandum, Mosaic, Point Nine Capital, NordicNinja |
| Gaudiy | Web3-based fan communication platform | Media | Japan | B | 24.5 (updated) | 31/08/2022 | Sony Music Entertainment Japan, Mitsubishi UFJ (Mitsubishi UFJ Innovation Partners), Sanrio, Mizuho Bank (Mizuho Capital) |
| Third | AI building management software provider | IT | Japan | B | 18.7 | 31/08/2022 | Digital Garage (DG Daiwa Ventures), Digital Garage (DG Incubation), Tokyu Fudosan (unnamed CVC unit); Jafco (lead), SBI Holdings (SBI Investment), Spiral Capital |
| Recurve | Virtual power plant software producer | Energy and Natural Resources | US | B | 18 | 30/08/2022 | Calpine (Calpine Energy Solutions), Toshiba (Toshiba Energy Systems & Solutions); Quantum Energy Partners (Quantum Innovation Fund), Energy Foundry |
| Tarci | Business data provider for sales teams | Services | US | A | 17 | 30/08/2022 | Liberty Mutual Insurance (Liberty Mutual Strategic Ventures); Sound Ventures (lead), Global Founders Capital |
| EV Motors Japan | Electric vehicle manufacturer and charging station operator | Transport | Japan | C | 12.4 (updated) | 31/08/2022 | Kansai Electric Power (K4 Ventures), Kyuden Technosystems Corporation, Hankyu Bus |
| Populus | Transportation data aggregator | Transport | US | A | 11 | 31/08/2022 | Comcast (Comcast Ventures); Zero Infinity Partners (co-lead), Climactic (co-lead), FootPrint Coalition Ventures |
| Devicie | Workers’ laptop procurement service | Services | Australia | A | 9.6 | 30/08/2022 | CyberCX; Insight Partners (lead) |
| CuriMeta | Health data aggregator | Healthcare | US | Seed | 6 | 30/08/2022 | BJC HealthCare; Washington University School of Medicine (lead), Cultivation Capital (Cultivation Capital Healthcare Innovation Fund) |
| Rexev | Electric vehicle implementation support service | Transport | Japan | B | 6 (updated) | 31/08/2022 | Zenrin (Zenrin Future Partners), NTT West |
| Paiza | IT engineer-oriented employment and education platform | Services | Japan | B | 5.1 | 31/08/2022 | Persol Career, Outsourcing Technology, Benesse Holdings, Serverworks; Paiza management team |
| IPid | Bank account valiadation service | Financial | Singapore | Seed | 3.3 | 31/08/2022 | Credit Saison (Saison Capital); Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, XA Network, Wing Vasiksiri |
| Apeiron Bioenergy | Used cooking oil vendor | Consumer | Singapore | N/A | N/A | 31/08/2022 | Mitsui (Mitsui Chemicals) |
| Uptima | Financial consultancy group | Financial | US | N/A | N/A | 31/08/2022 | Salesforce (Salesforce Ventures), Docusign (Docusign Ventures) |
