M&A
Learning management group Instructure has acquired LearnPlatform, a US-based educator support system provider that counts educational product provider Kaplan and telecommunications firm AT&T as investors, for an undisclosed amount. Both took part in its last disclosed round, a $3.2m round in 2018.
Genetic testing service Prenetics has agreed to buy ACT Genomics, the Taiwan-based cancer molecular analysis technology developer backed by insurance firm Aflac, semiconductor foundry UMC and science park operator Hong Kong Science and Technology Parks Corporation, for an undisclosed sum. It had raised over $20m before adding an undisclosed amount in 2020.
Skincare product maker Beiersdorf has agreed to purchase a majority stake in portfolio company S-Biomedic, a Belgium-based skin microbiome researcher backed by pharmaceutical firm, Johnson & Johnson, for an undisclosed amount. Beiersdorf and Johnson & Johnson Innovation – JJDC were among the investors that supplied $2.3m for S-Biomedic in 2018.
Consulting group Protiviti has agreed to pay an undisclosed amount to acquire R2integrated, a US-based digital customer experience agency backed by diversified financial services provider Orix Corporation. Orix subsidiary Orix Private Equity provided an undisclosed sum in 2013 before it raised $3.6m from a single unnamed investor two years later.
Financial and identity verification technology producer Giesecke+Devrient has paid an undisclosed sum to double its stake in portfolio company Netcetera, a Switzerland-based web hosting services software provider, from 30% to 60%. The initial investment came in September 2020.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Svante | Carbon capture technology developer | Energy and Natural Resources | Canada | E | 318 | 16/12/2022 | Chevron (Chevron Technology Ventures) (lead), Delek (Delek US), 3M (3M Ventures), GE (GE Vernova), Liberty Media, Samsung (Samsung Engineering), United Airlines (United Airlines Venture); Temasek, Oil and Gas Climate Initiative (OGCI Climate Investments), M&G (M&G Catalyst), Hesta, Full Circle Capital, Japan Energy Fund, TechEnergy Ventures |
| Divergent Technologies | Car manufacturing technology provider | IT | US | N/A | 100 | 16/12/2022 | Hexagon |
| Aztec Network | Web3 privacy layer platform | IT | UK | B | 100 | 16/12/2022 | Wanxiang (HashKey); Andreessen Horowitz (A16z Crypto) (lead), A Capital, King River, Variant, SV Angel, Fenbushi, Alumni Ventures |
| MyTVS | After-sale automotive services provider | Transport | India | C | 83 (updated) | 16/12/2022 | BP (Castrol India); Exor (Lingotto) |
| Synchron | Developer of brain activity measuring technology | Healthcare | US | C | 75 | 15/12/2022 | Reliance Industries (Reliance Digital Health); Arch Venture Partners (lead), Metis, Gates Frontier, Bezos Expeditions, Greenoaks, Alumni Ventures, Moore Strategic Ventures, Project X, Khosla Ventures, NeuroTechnology Investors, Forepont Capital Partners, ID8 Investments, Shanda Group, University of Melbourne |
| Virgio | Fast fashion brand | Consumer | India | A (updated) | 37 | 16/12/2022 | Prosus (Prosus Ventures) (lead); Accel, Alpha Wave, Bhavish Aggarwal, Sriharsha Majety, Kunal Shah, Vidit Atrey, Mekin Mahesh |
| Quadric | Neural processing unit developer | IT | US | B | 31 (updated) | 15/12/2022 | Xerox (Xerox Ventures), Denso (NSItexe), MegaChips; Mesh Ventures, Leawood VC, Pear VC, Uncork Capital, Cota Capital |
| Synhelion | Solar fuel producer | Transport | Switzerland | N/A | 23.6 | 19/12/2022 | Swiss International Air Lines, Lufthansa Group |
| MinervaX | Group B streptococcus vaccine developer | Healthcare | Denmark | N/A | 23.4 | 15/12/2022 | Novo (Repair Impact Fund), Sanofi (Sanofi Ventures); Trill Impact Ventures (co-lead), Pureos Bioventures (co-lead), Sunstone Life Science Ventures, The Lauritzen Foundation (LF Investment), Wellington Partners, Adjuvant Capital, Industrifonden |
| EnginZyme | Cell-free biomanufacturing technology developer | Healthcare | Sweden | B | 22.3 | 19/12/2022 | Bunge (Bunge Ventures); Almi Invest GreenTech, Navigare Ventures, Sofinnova Partners, Industrifonden, SEB Group (SEB GreenTech Venture Capital) |
| Genis | Therapeutic chitin derivative developer | Healthcare | Iceland | N/A | 17 | 19/12/2022 | TM Tryggingar; Yanu Holdings, Andri Sveinsson, Sigþór Sigmarsson, Sigurgeir Guðlaugsson |
| Fountain Life | Biometric healthcare data platform | Healthcare | US | N/A | 15 | 15/12/2022 | Newcross Healthcare Solutions; Eos Venture Partners |
| SariSuki | Social commerce platform | Consumer | Philippines | A | 12.7 | 19/12/2022 | Globe Telecom (Kickstart Ventures) (lead), Susquehanna International Group, Credit Saison (Saison Capital), JG Summit (JG Digital Equity Ventures); Openspace Ventures, Global Founders Capital, Foxmont Capital Partners |
| Eion | Carbon removal technology developer | Energy and Natural Resources | US | A | 12 | 18/12/2022 | Sibelco, Orion Corporation; AgFunder (co-lead), Ridgeline Partners (co-lead), Carbon Removal Partners, Mercator Partners, Overture, SLVC, Trailhead Capital |
| Kuona | Online product optimisation tool developer | IT | Mexico | Seed | 6 | 16/12/2022 | Femsa (Femsa Ventures); Cometa (lead), Seaya Cathay Latam |
| Grow Indigo | Carbon farming technology developer | Energy and Natural Resources | India | N/A | 6 | 16/12/2022 | Maharashtra Hybrid Seeds, Indigo Agriculture; unnamed private investors |
| Artifact | Audio-based family story platform | Media | US | Seed | 5 | 16/12/2022 | Alphabet (GV) (co-lead); Spark Capital (co-lead), Offline Ventures, Goodwater Capital, Atento Capital, unnamed angel investors |
| Decent | Artist-focused NFT infrastructure protocol provider | Financial | US | Seed | 3.5 | 15/12/2022 | Circle (Circle Ventures); Archetype (lead), Y Combinator, Palm Tree Crew Crypto, Kyrre Gorvell-Dahll |
| Override | Virtual chronic pain coaching platform | Healthcare | US | N/A | 3.5 | 15/12/2022 | Confluent Health; 7wireVentures (co-lead), Martin Ventures (co-lead), SignalFire |
| Vizabli | Hospital-focused interactive touchscreen provider | Healthcare | US | Seed | 2.5 | 15/12/2022 | Lone Star Communications (lead) |
| Adiante Recebíveis | Investment facilitation platform | Financial | Brazil | N/A | 1 | 15/12/2022 | Belgian Credix |
| Revorn | AI-equipped odour sensor technology developer | IT | Japan | N/A | N/A | 19/12/2022 | S T Corporation |
| Mobeus Industries | Transparent computing-driven immersive experience tool developer | Media | US | N/A | N/A | 15/12/2022 | Accenture (Accenture Ventures) |
| Fortified Health Security | Healthcare-focused security services provider | Healthcare | US | N/A | N/A | 15/12/2022 | Nordic Consulting; Silversmith Capital Partners (co-lead), Health Velocity Capital (co-lead) |
