M&A
Genome analysis technology developer Bionano Genomics agreed to acquire Purigen Biosystems, the US-based provider of an automated nucleic acid extraction and purification system that counts diagnostics services group Agilent Technologies and pharmaceutical firm Roche as investors, for up to $64m. Agilent led a $26.4m series B round for the company in 2019 that took its total funding to over $45m.
Automotive lidar and advanced driver-assistance system developer MicroVision has agreed to acquire certain assets from Ibeo Automotive Systems, a Germany-based peer backed by automotive component producer ZF, for up to €15m ($14.2m). ZF had a 40% stake in Ibeo as of 2016.
Kraken, a subsidiary of renewable energy provider Octopus Energy Group, purchased Depsys, a Switzerland-based energy management software provider backed by energy utility Statkraft, for an undisclosed amount. Depsys had raised over $18m as of a 2019 series B round.
Fund
Italian electronics humidification and evaporative cooling system provider Carel has formed Genuine Carel Services, a cybersecurity and blockchain-focused startup scouting scheme. The corporate has teamed up with innovation software and accelerator group SkipsoLabs for the initiative, which is open until February 2023 to local and international entrepreneurs.
Divestment
Japanese telecommunications and internet conglomerate SoftBank has sold 50% of its stake in PolicyBazaar, an India-listed insurance policy aggregator owned by insurance group PB Fintech, for $130m.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Frore | Electronics cooling chip developer | IT | US | N/A | 100 | 01/12/2022 | Qualcomm (Qualcomm Ventures); Mayfield, Addition, Clear Ventures |
| KreditBee | Online lending marketplace | Financial | India | D | 80 | 03/12/2022 | Mitsubishi UFJ Financial Group (MUFG Bank), Motilal Oswal Group (Motilal Oswal Alternates); Premji Invest, TPG (NewQuest Capital), Mirae Asset Ventures |
| FTXT Energy Technology | Hydrogen fuel cell technology affiliate of carmaker Great Wall Motor | Energy and Natural Resources | China | B | 78.6 | 01/12/2022 | China National Building Material (CNBM New Materials Fund) (lead); State Development & Investment Corporation, Liben Energy |
| Lumen | Metabolism measurement device maker | Healthcare | Israel | B | 62 | 01/12/2022 | Hanwha Group; Pitango Growth (lead), Disruptive VC, Unorthodox Ventures, Resolute Ventures, RiverPark Ventures, Almeda Ventures |
| BeeHero | Precision pollination technology provider | Industrial | Israel | B | 42 | 01/12/2022 | General Mills, Rabobank, MS&AD; Convent Capital (lead), Cibus Capital, Firstime, J-Ventures, Plug & Play, iAngels, Gaingels, UpWest |
| Carrick Therapeutics | Oncology therapy developer | Healthcare | Ireland | N/A | 35 | 01/12/2022 | Pfizer |
| Hypr | Passwordless authentication technology developer | IT | US | C1 | 25 | 02/12/2022 | Comcast (Comcast Ventures); Advent International (lead), 406 Ventures, RRE Ventures, Top Tier Capital |
| Fleek | Web3 software developer platform | IT | US | A | 25 | 02/12/2022 | Arweave, Protocol Labs, Coinbase (Coinbase Ventures); Polychain Capital (lead), The LAO, Digital Currency Group, North Island Ventures, Distributed Global, Argonautic Ventures |
| Carrick Therapeutics | Oncology therapy developer | Healthcare | Ireland | C | 25 | 01/12/2022 | Alphabet (GV), Evotec; Arch Venture Partners, Rosetta Capital, Lightstone Ventures, Cambridge Innovation Capital |
| Shield | Operational intelligence software producer | IT | Israel | B | 20 | 01/12/2022 | UBS (UBS Next); Macquarie Capital (lead), Mindset Ventures, OurCrowd |
| Aigens | Mobile food ordering platform | Consumer | China | A | 14 | 05/12/2022 | Ant Group (lead); Velocity Ventures, Phillip Private Equity, Prizm Ventures |
| Wefabrik | Operator of B2B apparel trading platform Smasell | Consumer | Japan | N/A | 5.5 | 29/11/2022 | Bluebell Group, Excellent One, Hamee, Shizuoka Bank (Shizuoka Capital); Mobile Internet Capital, Kazuhiro Kodama, Toshihisa Kawara; Japan Finance Corporation (debt) |
| Stony Creek Colors | Natural indigo dye developer | Industrial | US | B2 | 4.8 | 02/12/2022 | Levi Strauss & Co; Lewis & Clark AgriFood (lead) |
| Simplex Quantum | Heart failure detection technology developer | Healthcare | Japan | A | 4 | 05/12/2022 | Simplex Holdings, Itochu, Itochu (Itochu Technology Ventures) |
| OneOrder | Restaurant-focused supply chain software provider | Services | Egypt | Seed | 3 | 05/12/2022 | Delivery Hero (Delivery Hero Ventures); Nclude (lead), A15 |
| Web3 Working Group | Web3 infrastructure education provider | Services | US | N/A | 2 | 01/12/2022 | Arweave, The Graph, Livepeer, Akash |
| Cypherock | Web3 wallet hardware developer | IT | India | N/A | 1 | 01/12/2022 | Consensys (Consensys Mesh), Gnosis; Infinite Capital, Stefan George, Sandeep Nailwal, Mahin Gupta, OrangeDAO, Prasanna Sankar, Furqan Rydhan |
| PeaTos | Plant-based salty snack provider | Consumer | US | A3 | N/A | 30/11/2022 | Post Holdings (lead); unnamed other investors |
| Port | Owner of one-on-one video fan engagement service Talkport | Media | Japan | N/A | N/A | 05/12/2022 | Peers |
| Ketos | Water data intelligence provider | Energy and Natural Resources | US | N/A | N/A | 30/11/2022 | Accenture (Accenture Ventures) |
| DRX | Esports team owner | Media | South Korea | N/A | N/A | 01/12/2022 | Wemade |
| Edge Laboratories | Wealth management software producer | Financial | Switzerland | N/A | N/A | 01/12/2022 | JP Morgan (JP Morgan Private Bank) |
| Evooq | Asset management software provider | Financial | Switzerland | N/A | N/A | 01/12/2022 | JP Morgan (JP Morgan Private Bank) |
