AAA Daily Deal Round Up: February 18, 2022

Daily Deal Round Up: February 18, 2022

US-based genome engineering services provider Synthego secured $200m yesterday in a series E round that included telecommunications and internet group SoftBank’s Vision Fund 2. Investment management firm Perceptive Advisors led the round, which also featured Declaration Partners, Laurion Capital Management, Logos Capital, GigaFund, Chimera Abu Dhabi, Wellington Management, RA Capital Management and Moore Strategic Ventures.

US-based data analytics software developer Voltron Data has raised $88m in a series A round led by venture capital firm Walden Catalyst Ventures and backed by internet and technology group Alphabet’s GV subsidiary, BlackRock, Anthos Capital, Battery Ventures, Coatue Management, Lightspeed Venture Partners, Nepenthe Capital, Redline and The Factory, TechCrunch reported yesterday. The round was disclosed alongside a $22m seed round co-led by BlackRock and Walden Catalyst that included GV, Lightspeed and The Factory.

China-based data intelligence software producer Haizhi closed a series D round featuring Legend Capital, the VC firm backed by conglomerate Legend Holdings, at over RMB500m ($78.9m) yesterday. China Internet Investment Fund led the round, which included Hillhouse Capital’s GL Ventures vehicle, V-Capital, Shanghai AI Industry Investment Fund, Weicun Zhike Investment Management and Yichen Capital.

Silent Eight, the Singapore-based creator of a software platform which utilises artificial intelligence to detect money laundering and terrorist financing, has secured $40m in series B funding from investors including financial services firms HSBC and Standard Chartered, the latter through its SC Ventures unit, DealStreetAsia reported today, citing a securities filing. Wavemaker Partners, ASilent8, Great Noble International and TYH Ventures also participated.

China-headquartered 3D chip developer Nephotonics has raised hundreds of millions of yuan (RMB100m = $15.8m) in a series B1 round that included electronics component distributor Keysida, China Money Network reported today. Hefei Industry Investment Group, Haiheng Capital, Chuanggu Capital, and Shenzhen Small and Medium Credit Venture Capital also contributed to the round.

Quantum, an Israel-based provider of quantum software development technology, received $33m yesterday in a series B round featuring diversified conglomerate Sumitomo’s IN Venture subsidiary and insurance group Phoenix as well as Samsung Next and Hewlett Packard Pathfinder, on behalf of electronics producer Samsung and enterprise software provider Hewlett Packard Enterprise respectively. They were joined by Spike Ventures, Wing VC, Team8, Entrée Capital, OurCrowd and private investors Lip-Bu Tan and Harvey Jones.

Israel-based underground mapping software developer Exodigo raised $29m in seed funding yesterday from investors including residential property manager Israel Canada and real estate developers Tidhar Construction and WXG. The round was co-led by Zeev Ventures and 10D Ventures and also featured Square Peg Capital and Jibe Ventures.

Emesent, an Australia-based developer of autonomous drone navigation technology, has collected A$32m ($23m) in funding from investors including Telus Ventures, the corporate venturing arm of telecoms firm Telus, Australian Financial Review reported today. The round was led by Perennial Partners and also backed by Main Sequence Ventures, Tiger Global Management and Archangel Ventures.

Recruitment group Seek co-led a $20m series C round yesterday for Talespin, a US-based creator of learning content software intended to improve workplace skills, with private investment firm Allomer Capital. The round included electronics producer Sony’s Innovation Fund, digital education provider Go1, Pearson Ventures and Accenture Ventures, which took part on behalf of educational publisher Pearson and professional services firm Accenture respectively.

China-headquartered event management software developer EventX added $8m on Wednesday to a series B round already featuring consumer electronics manufacturer HTC, expanding it to $18m. Hedge fund manager Hillhouse Capital’s GL Ventures subsidiary led the extension, and the September 2021 first tranche was also backed by Gaocheng Capital.

Eyrus, the US-based operator of an online construction intelligence platform for the oil and gas industries, completed a $12m series A round on Wednesday featuring design software producer Autodesk and Motley Fool Ventures, the investment arm of financial information provider The Motley Fool. Investment manager Spring Mountain Capital led the round, which included Fuel Venture Capital.

Indonesia-headquartered business-to-business marketplace Ralali raised $10.9m on Wednesday in a series D round co-led by financial services provider SBI. The round was co-led with Bee Accelerate and also featured e-commerce company Beenos, ICMG Partners and Arbor Ventures.

Goldcast, the US-based developer of a virtual event software platform aimed at marketers, secured $10m in seed funding yesterday from investors including marketing and customer service software provider Hubspot’s corporate venturing unit, Hubspot Ventures. VC firm Unusual Ventures led the round, which was also backed by Afore Capital, Underscore VC and angel investors including Scott Belsky, Manik Gupta, Chandar, Elissa Fink, Elias Torres, Sangram Vajre, Kris Rudeegraap, Guillaume Cabane and Lenny Rachitsky.

Digital travel services provider Webjet invested $10m in Roomdex, the US-based creator of an automated hotel upselling software tool, yesterday. The cash will support product development and company growth.

US-based manufacturing automation technology provider Overview raised $10m in series A funding yesterday from investors including GV, the subsidiary of internet and technology group Alphabet formerly known as Google Ventures. The round was led by Blumberg Capital and also featured fellow VC firm Momenta and existing investors including private equity firm Bain Capital.

Fluence Labs, the US-based creator of a peer-to-peer application software platform, secured $9m yesterday in a series A round featuring blockchain technology producers Arweave and LayerX, research and development hub Protocol Labs, blockchain data software developer StreamingFast, decentralised finance wallet provider Zerion, blockchain staking platform developer Stakely, quantitative trading firm Alameda Research and financial services firm United Overseas Bank, the last two through Alameda Ventures and UOB Venture Management. The round was led by Multicoin Capital and included Angel DAO, Hard Yaka, OP Crypto, Peer VC, Polymorphic Capital, Signum Capital, Tiger Global Management and various individuals.

US-based app development software provider Architect.io completed a $5m seed round on Wednesday that included mass media group Comcast’s corporate VC unit, Comcast Ventures. VC firm Next Coast Ventures led the round, which was also backed by Abstraction Capital, Spike Ventures, NextGen Venture Partners and angel investors Jean Sini, JJ Fliegelman, Chris Nguyen and Marc Chenn.

Wilshire Lane Capital, a property technology fund anchored by real estate manager Morgan Properties, invested a ‘multimillion-dollar’ amount in Jetty, the US-based developer of an alternative property rental finance system, on Wednesday. The company had raised a total of over $63m as of a $23m round co-led by financial services group Citi in September 2021.

Grintafy, the Saudi Arabia-based operator of a service that discovers promising footballers and supports their career development, received SAR8m ($2.1m) in bridge funding on Wednesday from investors including oil and gas supplier Saudi Aramco’s Wa’ed subsidiary and conglomerate Al Rashed Group. They were joined in the round by Areen Investments and undisclosed individuals.

 

Funds

US-headquartered digital payment technology provider Stronghold formed a $100m corporate venture capital fund on Wednesday that will invest in payment and financial technology, blockchain and Web3-focused companies and those with founders from underrepresented demographics. Stronghold Capital’s fund manager is the parent company’s co-founder and chief executive, Tammy Camp.

Additional reporting by Thierry Heles.

By Robert Lavine

Robert Lavine is special features editor for Global Venturing.