AAA Daily Deal Round Up: January 20th, 2023

Daily Deal Round Up: January 20th, 2023

A Healthcare Worker Measuring a Patient's Blood Pressure Using a Sphygmomanometer
A Healthcare Worker Measuring a Patient's Blood Pressure Using a Sphygmomanometer

Public markets

Hesai Technology, a China-based lidar technology developer​ backed by corporates Meituan, Xiaomi, ON Semiconductor, Robert Bosch and Baidu, has filed for a $100m initial public offering on the Nasdaq Stock Market.

Mineralys Therapeutics, a US-based hypertension therapy developer backed by pharmaceutical firm GlaxoSmithKline, has filed a $100m IPO on Nasdaq.

Funds

Sony Ventures Corporation, a corporate venturing arm of Japanese electronics conglomerate Sony, has reached a final close for a ¥26.5bn ($204m) third fund dubbed Sony Innovation Fund 3. The unit now has about ¥60bn under management.

US-based venture capital firm Courtside Ventures has launched $100m Fund III having secured capital from corporates Hypothetic, Matchday, Mojo, Xpoint, Jackpot.com, Venly, Planet Mojo, Bezel, Fliff, Fermat and Fello.

M&A

Sun Pharmaceutical Industries has agreed to acquire Concert Pharmaceuticals, a US-based alopecia areata treatment developer backed by another pharmaceutical group GlaxoSmithKline, for $576m.

Reverse merger

Aprinoia Therapeutics, a US-based neurodegenerative disease therapy developer backed by corporates Yantai Dongcheng Pharmaceutical, TaiAn Technologies and ShangPharma, has agreed to combine with New York-listed special purpose acquisition company Ross Acquisition Corp II.

Funding

CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestors
Pathalys PharmaChronic kidney disease therapeutics developerHealthcareUSN/A15020/01/2023DaVita (DaVita Venture Group); Carlyle (co-lead), OrbiMed (co-lead), Catalys Pacific
Quantum MachinesQuantum hardware and software manufacturerITIsraelB7018/01/2023Qualcomm (Qualcomm Ventures), Samsung (Samsung Next); Red Dot Capital Partners, Meron Capital, Alumni Ventures
UlvetannaBlockchain hardware manufacturerITUSSeed5519/01/2022Jump Trading Group (Jump Crypto); Bain Capital (Bain Capital Crypto) (lead), Paradigm
ExodigoSubsurface imaging platform EnergyIsraelSeed4118/01/2023Tidhar Construction, WXG, Israel Canada; Zeev Ventures (lead), 10D Ventures, SquarePeg Capital, Jibe Ventures
ChordCommerce infrastructure software providerConsumerUS33 (updated)18/01/2023GC1 Holding (GC1 Ventures); Bright Pixel Capital (co-lead), Eclipse (co-lead), TechNexus Venture Collaborative, Anti Fund VC, Imaginary Ventures, Foundation Capital, White Star Capital
Jiangsu Jideli FoodFood flavouring compounds providerConsumerChinaB29.4819/01/2022WZ Group, Wens Food Group (Wens Investment); Jiangsu Government
ClearSpaceOn-orbit satellite technology developerIndustrialSwitzerlandA28.219/01/2023Swisscom (Swisscom Ventures) (co-lead); InvestEU (European Investment Fund/OTB Ventures) (co-lead), Luxembourg Future Fund, Lakestar, In-Q-Tel, Happiness Capital, 600 T Space Investments
Nil FoundationDatabase managemetn systemsITCyprusN/A2219/01/2022Starkware, Mina Protocol; Blockchain Capital
DreamscopeCinematice storytelling developerMediaUS2020/01/2023Verizon (Verizon Ventures), Cengage Group; Bold Capital Partners (lead), GSV Ventures
iLifeLife insurance aggregatorFinancialUS1719/01/2022Scor (Scor Ventures); Foundation Capital, Brewer Lane Ventures 
Obligate (formerly FQX)Blockchain-based debt providerFinancialSwitzerlandSeed8.7 (updated)19/01/2023Circle (Circle Ventures), Six Group (Six FinTech Ventures); Blockchange Ventures, Earlybird Venture Capital, Photo of Carsten Thoma
Legit GroupCloud kitchen operatorConsumerIndonesia7.3519/01/2022Telkom Indonesia (MDI Ventures), Sinar Mas (SMDV)
HashPortWeb3 and blockchain consulting firmServicesJapanC16.920/01/2023Sumitomo Mitsui Banking Corporation; University of Tokyo (Edge Capital Partners)
Core10Lending and account opening product providerFinancialUSB6.520/01/2023Jam Fintop; Patriot Financial Partners (lead), Independent Community Bankers of America
KnownWellWeight-inclusive healthcare providerHealthcareUSSeed4.519/01/2023Oxeon; Flare Capital Partners (lead), Flybridge LTV Operator Fund, Larry Summers, Brynn Putnam, Lydia Gilbert, Varsha Rao
SunmaxxCombination PV-thermal solar panel developerEnergy and Natural ResourcesUSN/A3.619/01/2023Mahle (New Ventures); TGFS Technologie Gründerfonds Sachsen
Diva LabsDistributed liquid staking protocol operatorFinancialN/ASeed3.517/01/2023Gnosis, Bankless, OKX (OKX Ventures); A&T Capital (lead), MetaWeb Ventures, Digital Currency Group (DCV Capital), Alphemy Capital, Very Early Ventures, Staked.vc, unnamed angel investors
Share CreatorsGame developer-focused media asset management platformMediaUSN/A320/01/2023Foxit; 5Y Capital
PrixaDigital healthcare platformHealthcareIndonesiaN/A319/01/2023Telcom Indonesia (MDI Ventures), Siloam Group; Trans-Pacific Technology Fund
Immunity ResearchImmune cell analysis technology developerHealthcareJapanN/A2.320/01/2023Towns
Hollywood UnlockedHollywood content platformMediaUSSeed1.718/01/2023Hidden Empire Film Group; Brown Venture Group, Black Capital, Kevin Johnson, Bracket Capital, Intuition Capital
HigharcProperty sales and construction platformServicesUSN/A1.319/01/2023Simpson Strong-Tie
Turing QuantumOptical quantum computing technology developerITChinaAN/A18/01/2023Lenovo (Lenovo Capital and Incubator Group); China Internet Investment Fund (lead), Tsinghua Holdings Capital, Orient Securities (Orient Securities Innovation)
StellarAlgoConsumer data aggregatorITCanadaN/AN/A18/01/2023National Basketball Association (unnamed investment arm)

By Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.