M&A
Cybersecurity vendor Netwrix has acquired Remediant, a US-based cybersecurity software producer backed by computer manufacturer Dell, for an undisclosed amount. Corporate venturing unit Dell Technologies Capital co-led its $15m series A round in 2019.
Online lending platform Bankers Holding has paid an undisclosed sum to buy Crowd Credit, a Japan-based peer backed by corporates Mitsui Sumitomo Insurance, GMO, Monex, Sony, Seibu Shinkin Bank, Z Holdings and Itochu. Crowd Credit last raised money in a $10.1m round in April 2021.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Moore Threads | GPU chip producer | IT | China | B | 215 | 28/12/2022 | China Mobile (China Mobile Digital New Economy Industry Fund) (co-lead), Hexie Health Insurance (co-lead); Dianshi Capital |
| Stark Future | Electric motorcycle manufacturer | Transport | Spain | N/A | 53.5 | 30/12/2022 | Eicher Motors |
| 5B Holdings | Solar power producer | Energy and Natural Resources | Australia | B | 37.4 (updated) | 29/12/2022 | AES Corporation (co-lead), BP (BP Ventures); Artesian (co-lead) |
| Manafa | SME-focused crowdfunding platform | Financial | Saudi Arabia | A | 28 | 28/12/2022 | Saudi Aramco (Wa’ed Ventures) (co-lead), Saudi Telecom (STV) (co-lead) |
| Strohm | Thermoplastic composite pipe manufacturer | Industrial | Netherlands | N/A | 16 | 15/12/2022 | ING (ING Corporate Investments) (lead), Shell (Shell Ventures), Chevron (Chevron Technology Ventures), Evonik (Evonik Venture Capital); HydrogenOne Capital Growth |
| Ethris | Gene therapy developer | Healthcare | Germany | N/A | 16 | 29/12/2022 | Cipla (Cipla EU) |
| Mix-Design | Semiconductor producer | IT | China | B | 14.5 | 30/12/2022 | Suzhou Industrial Park (Suzhou Oriza Holdings), Suzhou Oriental Semiconductor; Richland Capital (lead), Yongxin Capital |
| Poly | AI-equipped graphic design software provider | IT | US | N/A | 3.9 | 27/12/2022 | Bloomberg (Bloomberg Beta); Felicis, NextView Ventures, Y Combinator, Figma Ventures, AI Grant |
| Bosalpim | Elderly caregiver matching platform | Services | South Korea | Pre-A | N/A | 29/12/2022 | Smilegate (Smilegate Investment), Kakao (Kakao Ventures); Goodwater Capital, Strong Ventures |
| WtEnergy | Waste-to-gas transformation process provider | Energy and Natural Resources | UK | N/A | N/A | 28/12/2022 | Cemex (Cemex Ventures) |
| GoGood | Enterprise fitness plan provider | Services | Brazil | N/A | N/A | 29/12/2022 | Dasa |
