M&A
Gym management software provider ABC Fitness Solutions has agreed to acquire Glofox, an Ireland-based fitness engagement software provider backed by investors including social media tracking service NewsWhip, for about €200m ($204m), Business Post has reported. The company had raised more than $30m in total, according to Axios.
Private equity firm Antarctica Capital has bought a controlling stake in Descartes Labs, a US-based geospatial intelligence technology provider that counts agribusiness Cargill as an investor, for an undisclosed sum. Descartes had secured over $80m in overall funding according to Axios, with Cargill backing its $30m series B round in 2017.
Open document services provider Legado has acquired technology from WonderBill, a UK-based household bill management platform backed by Shell Ventures, an investment vehicle for oil and gas producer Shell, for an undisclosed amount. WonderBill had closed down in January this year and its earlier investors had included consulting firm Boston Consulting Group‘s BCG Digital Ventures unit.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| UpGrad | Online higher education provider | Services | India | N/A | 210 | 08/08/2022 | ETS Global (lead); International Finance Corporation, India Infoline, Bodhi Tree, Temasek, Kaizen Management Advisors, Narotam Sekhsaria, Artisan Investments, Bharti Airtel family offices |
| Talon Cyber Security | Secure enterprise browser provider | IT | Israel | A | 100 | 04/08/2022 | CrowdStrike (Falcon Fund); Evolution Equity Partners (lead), Ballistic Ventures, Merlin Ventures, SYN Ventures, George Kurtz, Lightspeed Venture Partners, Sorenson Ventures, Team8 |
| Hengchuang Ruineng (Shenzhen Ruicycle Environmental Protection Technology) | Battery recycling service | Energy and Natural Resources | China | B | 44.3 | 08/08/2022 | Legend Holdings (Legend Capital) |
| Kontempo | Buy now, pay later instalment plan provider | Financial | Mexico | Seed | 30 | 04/08/2022 | Scor P&C (Scor P&C Ventures); Portage Ventures (lead), Upper90, Ignia, Tectonic Ventures, Asymmetric Capital Partners |
| LiveEO | Satellite-based infrastructure monitoring platform | Industrial | Germany | N/A | 19.5 | 05/08/2022 | Helen (Helen Ventures), HDI Global (Hannover Digital Investments); MMC Ventures (lead), European Commission, Investitionsbank Berlin, DvH Ventures, Matterwave, Motu Ventures, Segenia Capital |
| Merkle Science | Cryptocurrency risk and intelligence provider | IT | Singapore | N/A | 19 | 05/08/2022 | Kraken (Kraken Ventures); Darrow Holdings (co-lead), Beco Capital (co-lead), GGV Capital, 500 Global |
| xFarm Technologies | Farm management software producer | Industrial | Switzerland | B | 17.4 | 08/08/2022 | Swisscom (Swisscom Ventures) (lead), Intesa Sanpaolo Group (Neva SGR), Cereal Docks Group (Grey Silo Ventures); Emerald Technology Ventures, NovaCapital, United Ventures |
| Genecis Bioindustries | Food waste-derived biodegradable plastic producer | Industrial | Canada | A | 10 | 04/08/2022 | Kraft Heinz; Khosla Ventures (lead), BDC Capital (Cleantech Practice), AME Cloud Ventures, IT Farm, Gullspång Re:food |
| Eyestem | Cellular therapy developer | Healthcare | India | A | 6.4 | 08/08/2022 | Biological E (lead), Alkem, Natco Pharma; Karan Bagaria, Endiya Partners, Kotak Private Equity |
| Ping | Fleet driver-focused message communication technology producer | Media | US | Seed | 5 | 27/07/2022 | Globant (BeKind Tech Fund); unnamed others |
| Galoy | Bitcoin banking software provider | Financial | US | N/A | 4 | 03/08/2022 | Timechain, AlphaPoint; Hivemind Ventures (lead), Valor, El Zonte Capital, Kingsway Capital, Trammell Venture Partners |
| Clutch | Digital content creation marketplace | Consumer | US | Pre-Seed | 1.2 | 04/08/2022 | Hearst Corporation (HearstLab); Precursor Ventures (lead), Capital Factory |
| Showkase | Social commerce platform | Consumer | Brazil | N/A | <1 ($400,000) | 28/07/2022 | Mene & Portella (Captall Ventures) |
| Link & Faith (L&F) | Vacant house management service | Services | Japan | N/A | <1 (370,000) | 08/08/2022 | United |
| ZeroAvia | Hydrogen-fueled aircraft developer | Transport | US | N/A | N/A | 05/08/2022 | American Airlines |
| Logstore | Retailer-focused supply chain management platform | Services | Brazil | Seed | N/A | 28/07/2022 | Lojas Renner (RX Ventures); Domo Invest |
| Anota AI | Food delivery automation tool developer | Consumer | Brazil | N/A | N/A | 26/07/2022 | iFood |
| PlayZap Games | Web3 gaming platform developer | Media | Singapore | Seed | N/A | 04/08/2022 | KuCoin (KuCoin Labs); Arcanum Capital, Oddiyanna Ventures, Prime Block Ventures |
| Hive Wealth | Community-oriented financial app provider | Financial | US | N/A | N/A | 05/08/2022 | SVB Financial Group |
| Wealth Managers | Wealth advisory platform | Financial | India | N/A | N/A | 07/08/2022 | Scripbox |
