M&A
Vaha, a Germany-based home fitness mirror producer backed by carmaker Porsche, has been acquired by health support system provider Bioniq for an undisclosed amount. Its corporate venture capital unit, Porsche Ventures, took part in a single-digit euro round for Vaha in March 2020 that was led by Unbound and also backed by HV Capital and Global Founders Capital.
Cobalt, a US-based provider of risk and data services for foreign exchange markets, has been purchased by financial information provider FactSet for an undisclosed sum. The company had raised undisclosed amounts from financial services firm Citi in 2016, consultancy First Derivatives and VC firm Digital Currency Group the following year, exchange operator Singapore Exchange in 2018, financial information provider IHS Markit in 2019 (prior to its merger with S&P Global in 2022) and financial services firm Standard Chartered in mid-2020.
Financial risk mitigation group Euroclear has paid an undisclosed sum to buy Goji, a UK-based peer-to-peer lending platform backed by insurer Axa. Corporate VC unit Axa Strategic Ventures had taken part in a “multimillion pound” (£1m = $1.4m) round for Goji in 2018 that was led by VC firm Anthemis.
Inofab Health, a Turkey-based developer of digital health technology for respiratory diseases, has been acquired by primary care provider Carbon Health for an undisclosed amount, allowing clinical data aggregator ERT Clinical and telecommunications equipment manufacturer Karel Electronics to exit. They both invested an undisclosed sum in Inofab in June 2020 at a $15m valuation.
Fund management group Lloyd has acquired portfolio company Growney, the Germany-based operator of an online investment platform, for an undisclosed amount. It had invested an undisclosed sum in Growney in November 2021.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Group14 | Silicon battery materials provider | Energy and Natural Resources | US | C | 614 | 15/12/2022 | Porsche, Microsoft (Climate Innovation Fund), Molicel; Lightrock Climate Impact Fund, Moore Strategic Ventures, Oman Investment Authority, Omers Capital Markets, Decarbonization Partners, Riverstone Holdings, Vsquared Ventures |
| Mews | Hospitality management software provider | Services | Czech Republic | C | 185 | 15/12/2022 | Salesforce (Salesforce Ventures), Thayer Lodging (Thayer Ventures); Kinnevik (lead), Goldman Sachs (Goldman Sachs Asset Management), Revaia, Derive Ventures, Battery Ventures, Notion Capital, Orbit Capital, HenQ |
| Bespin | Cloud services provider | IT | South Korea | D | 100 | 15/12/2022 | E& (E& Enterprise) |
| AppOmni | Enterprise software protection platform | IT | US | C | 70 (updated) | 15/12/2022 | Cisco (Cisco Investments), Salesforce; TSG, Thoma Bravo, Scale Venture Partners, Costanoa Ventures, ClearSky |
| SafeAI | Developer of autonomous heavy equipment technology | Industrial | US | B | 38 | 14/12/2022 | Moog; Builders VC, McKinley Management, George Kaiser Family Foundation, Energy Innovation Capital |
| Acin | Provider of operational risk control technology | IT | UK | B | 24 | 15/12/2022 | JP Morgan, Citi, BNP Paribas, Barclays, Lloyds Banking Group, Fitch Group (Fitch Ventures); Notion Capital, Talis Capital |
| Tepeo | Electric boiler manufacturer | Energy and Natural Resources | UK | A | 13 | 14/12/2022 | Bonheur; BGF (lead), Clean Growth Fund, Renewable Environmental Investments |
| 82°E | Skincare brand | Consumer | India | N/A | 7.5 | 14/12/2022 | Ideo (Ideo Ventures); DSG Consumer Partners, unnamed angel investors |
| Smart Break | Autonomous micromarket operator | Consumer | Brazil | N/A | 6.8 | 1/12/2022 | Ultrapar (UVC Investimentos); Headline (lead), Anjos do Brasil, Columbia Alumni Angels, unnamed angel investors |
| FireTail | API security software provider | IT | US | N/A | 5 | 14/12/2022 | Zscaler; Paladin Capital Group (lead), General Advance, Secure Octane, Ely Kahn, Mark Arena, Josh Lospinoso |
| Cellid | Augmented reality display module developer | Media | Japan | B | 3.6 | 16/12/2022 | Axa (Axa Life Insurance), Epson (Epson X Investment Corporation), Tokyu Construction (Tokyu-Const GB Innovation Fund); unnamed public company |
| Spaceport | Web3 licensing protocol provider | Financial | US | Pre-seed | 3.6 | 14/12/2022 | Com2uS (Crit Ventures) (co-lead); Arca (co-lead), Decasonic (co-lead), Cozomo De Medici, Republic Asia, Diaspora Ventures, Infinity Ventures Crypto, FBG Capital, Nextview Ventures, Valhalla Ventures |
| Pocketnest | Financial wellness platform developer | Financial | US | N/A | 2.6 | 15/12/2022 | Reseda Group (lead) |
| Eames Robotics | Robot manufacturer | Industrial | Japan | N/A | 1.5 | 16/12/2022 | Shin Nippon Air Technologies, Kikuchi Seisakusho (Robo Mono Fund) |
| Spike | Provider of wearables data integration software | IT | US | Pre-seed | <1 ($700,000) | 14/12/2022 | Axel Springer/Porsche (APX); Geek Ventures (lead), CEAS Investments, unnamed angel investors |
| Element Energy | Battery management technology provider | Energy and Natural Resources | US | B | N/A | 14/12/2022 | LG Technology (LG Technology Ventures), Edison International; Cohort Ventures (co-lead), Prelude Ventures, Radar Partners |
| Zededa | Edge computing orchestration technology provider | IT | US | N/A | N/A | 14/12/2022 | Emerson (Emerson Ventures) |
| Taina | Regulatory automation software developer | Financial | UK | N/A | N/A | 14/12/2022 | HSBC (HSBC Asset Management), Deutsche Bank (Deutsche Bank CVC), Six Group (Six FinTech Ventures); Anthemis |
| Trioscope | Hybrid animation technology developer | Media | US | Bridge | N/A | 13/12/2022 | Krafton (lead) |
| I-Pulse | Pulse energy technology producer | Energy and Natural Resources | France | N/A | N/A | 12/12/2022 | BHP |
| I-Rox | Rock-focused joint venture for I-Pulse and Breakthrough Energy Ventures | Energy and Natural Resources | France | N/A | N/A | 12/12/2022 | BHP |
