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 $576m.
Reverse merger
Aprinoia Therapeutics, a US-based neurodegenerative disease therapy developer backed by corporates Yantai Dongcheng Pharmaceutical, TaiAn Technologies and ShangPharma, has agreed to combine with New York-listed special purpose acquisition company Ross Acquisition Corp II.
Funding
Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
---|---|---|---|---|---|---|---|
Pathalys Pharma | Chronic kidney disease therapeutics developer | Healthcare | US | N/A | 150 | 20/01/2023 | DaVita (DaVita Venture Group); Carlyle (co-lead), OrbiMed (co-lead), Catalys Pacific |
Quantum Machines | Quantum hardware and software manufacturer | IT | Israel | B | 70 | 18/01/2023 | Qualcomm (Qualcomm Ventures), Samsung (Samsung Next); Red Dot Capital Partners, Meron Capital, Alumni Ventures |
Ulvetanna | Blockchain hardware manufacturer | IT | US | Seed | 55 | 19/01/2022 | Jump Trading Group (Jump Crypto); Bain Capital (Bain Capital Crypto) (lead), Paradigm |
Exodigo | Subsurface imaging platform | Energy | Israel | Seed | 41 | 18/01/2023 | Tidhar Construction, WXG, Israel Canada; Zeev Ventures (lead), 10D Ventures, SquarePeg Capital, Jibe Ventures |
Chord | Commerce infrastructure software provider | Consumer | US | A | 33 (updated) | 18/01/2023 | GC1 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 Food | Food flavouring compounds provider | Consumer | China | B | 29.48 | 19/01/2022 | WZ Group, Wens Food Group (Wens Investment); Jiangsu Government |
ClearSpace | On-orbit satellite technology developer | Industrial | Switzerland | A | 28.2 | 19/01/2023 | Swisscom (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 Foundation | Database managemetn systems | IT | Cyprus | N/A | 22 | 19/01/2022 | Starkware, Mina Protocol; Blockchain Capital |
Dreamscope | Cinematice storytelling developer | Media | US | A | 20 | 20/01/2023 | Verizon (Verizon Ventures), Cengage Group; Bold Capital Partners (lead), GSV Ventures |
iLife | Life insurance aggregator | Financial | US | A | 17 | 19/01/2022 | Scor (Scor Ventures); Foundation Capital, Brewer Lane Ventures |
Obligate (formerly FQX) | Blockchain-based debt provider | Financial | Switzerland | Seed | 8.7 (updated) | 19/01/2023 | Circle (Circle Ventures), Six Group (Six FinTech Ventures); Blockchange Ventures, Earlybird Venture Capital, Photo of Carsten Thoma |
Legit Group | Cloud kitchen operator | Consumer | Indonesia | A | 7.35 | 19/01/2022 | Telkom Indonesia (MDI Ventures), Sinar Mas (SMDV) |
HashPort | Web3 and blockchain consulting firm | Services | Japan | C1 | 6.9 | 20/01/2023 | Sumitomo Mitsui Banking Corporation; University of Tokyo (Edge Capital Partners) |
Core10 | Lending and account opening product provider | Financial | US | B | 6.5 | 20/01/2023 | Jam Fintop; Patriot Financial Partners (lead), Independent Community Bankers of America |
KnownWell | Weight-inclusive healthcare provider | Healthcare | US | Seed | 4.5 | 19/01/2023 | Oxeon; Flare Capital Partners (lead), Flybridge LTV Operator Fund, Larry Summers, Brynn Putnam, Lydia Gilbert, Varsha Rao |
Sunmaxx | Combination PV-thermal solar panel developer | Energy and Natural Resources | US | N/A | 3.6 | 19/01/2023 | Mahle (New Ventures); TGFS Technologie Gründerfonds Sachsen |
Diva Labs | Distributed liquid staking protocol operator | Financial | N/A | Seed | 3.5 | 17/01/2023 | Gnosis, 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 Creators | Game developer-focused media asset management platform | Media | US | N/A | 3 | 20/01/2023 | Foxit; 5Y Capital |
Prixa | Digital healthcare platform | Healthcare | Indonesia | N/A | 3 | 19/01/2023 | Telcom Indonesia (MDI Ventures), Siloam Group; Trans-Pacific Technology Fund |
Immunity Research | Immune cell analysis technology developer | Healthcare | Japan | N/A | 2.3 | 20/01/2023 | Towns |
Hollywood Unlocked | Hollywood content platform | Media | US | Seed | 1.7 | 18/01/2023 | Hidden Empire Film Group; Brown Venture Group, Black Capital, Kevin Johnson, Bracket Capital, Intuition Capital |
Higharc | Property sales and construction platform | Services | US | N/A | 1.3 | 19/01/2023 | Simpson Strong-Tie |
Turing Quantum | Optical quantum computing technology developer | IT | China | A | N/A | 18/01/2023 | Lenovo (Lenovo Capital and Incubator Group); China Internet Investment Fund (lead), Tsinghua Holdings Capital, Orient Securities (Orient Securities Innovation) |
StellarAlgo | Consumer data aggregator | IT | Canada | N/A | N/A | 18/01/2023 | National Basketball Association (unnamed investment arm) |