Funds
US-based cybersecurity software provider Tenable has formed a corporate venturing arm called Tenable Ventures. The unit will focus on early-stage risk management technology developers and intends to invest up to $25m.
Healthcare and insurance firm UnitedHealth Group has led a $10m close for Invest Appalachia Fund, an investment initiative focused on community health, agricultural, housing and clean energy startups in the US states of Kentucky, North Carolina, Ohio, Tennessee, Virginia and West Virginia.
Blockchain-based financial app development platform Injective has formed a $150m fund that will focus on Web3 technology developers. Trading firms Flow Traders and Jump Trading, cryptocurrency researcher Delphi Digital and crypto exchanges Kraken, KuCoin and Gate.io are also backing the initiative, as did Pantera Capital and IDG Capital.
UAE-based, Web3-focused incubator Tané has raised ¥1bn ($7.7m) in capital from investors including telecommunications firm SoftBank’s Deepcore unit and internet company DeNA. The corporates were joined as limited partners by X Tech Ventures, B Dash Ventures and unnamed private investors.
Public markets
New Ruipeng Pet Group, a China-based veterinary clinic operator backed by corporates Tencent, Country Garden, Boehringer Ingelheim, Nestlé Group and Sunshine Insurance Group, filed to raise up to $100m in an initial public offering on the Nasdaq Stock Exchange.
M&A
Computer manufacturer Dell has acquired Cloudify, an Israel-based IT automation software developer spun off by computing technology provider GigaSpaces and backed by corporates KPN, CreditEase, VMware and Intel, for up to $100m, a source familiar with the matter told TechCrunch. VMware, KPN Ventures and CreditEase Israel Innovation Fund were among the investors in a $7m round in 2018.
Infant-focused marketplace Babylist has paid an undisclosed amount to buy portfolio company Expectful, the US-based creator of a pregnancy support platform. The corporate was part of a $3m seed round for Expectful in early 2021.
GPU compute cloud provider CoreWeave has purchased Conductor Technologies, a US-based media and entertainment cloud platform, for an undisclosed amount, allowing 3D design software provider Autodesk to exit. Autodesk and venture firm Walden Venture Capital had supplied an undisclosed amount of series A funding for the company in 2017.
Gaming technology provider Mythical Games has acquired DMarket, a US-based NFT trading marketplace backed by game sales technology producer Xsolla, for an undisclosed sum. Xsolla took part in a $6.5m round in 2020 that followed a $19m initial coin offering.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Boston Metal | Developer of steel production decarbonisation technology | Industrial | US | C1 | 120 | 27/01/2023 | ArcelorMittal (lead), Microsoft (Climate Innovation Fund), SiteGround (SiteGround Capital); unnamed existing investors |
| Osmo | AI-equipped scent prediction technology developer spun out of Google Research | IT | US | N/A | 60 | 24/01/2023 | Alphabet (GV); Lux Capital (lead) |
| Grey Wolf Therapeutics | Targeted cancer nanotreatment developer | Healthcare | UK | B | 49 | 24/01/2023 | Pfizer (Pfizer Ventures) (co-lead); Earlybird Venture Capital (co-lead), Oxford Science Enterprises, Patient Capital, Canaan, Andera Partners |
| Global Screening Services | Sanctions screening software provider | Financial | UK | N/A | 45 | 23/01/2023 | Mitsubishi UFJ Financial Group; AlixPartners, The Cynosure Group, |
| MedCrypt | Medical device cybersecurity software producer | IT | US | B | 26.9 (updated) | 25/01/2023 | Dexcom (Dexcom Ventures), Johnson & Johnson (Johnson & Johnson Innovation – JJDC), Intuitive (Intuitive Ventures), Section 32, Eniac Ventures, Anzu Partners, Dolby Family Ventures |
| iLife Technologies | Insurance management software developer | IT | US | A | 17 | 27/01/2023 | Scor (Scor Ventures) (co-lead); Foundation Capital (co-lead), Brewer Lane Ventures (co-lead), GTMFund, OpenView Partners |
| Method | Embedded payment software provider | Financial | US | A | 16 | 26/01/2023 | Truist (Truist Ventures); Andreessen Horowitz (lead), Y Combinator, Abstract Ventures, SV Angel |
| Sunlight.io | Edge data infrastructure provider | IT | UK | A | 14 | 26/01/2023 | Robert Bosch (Robert Bosch Venture Capital); Valedor Partners, OpenOcean |
| Hume AI | Emotional intelligence AI developer | IT | US | A | 12.7 | 26/01/2023 | Northwell Health (Northwell Holdings), Comcast (Comcast Ventures), LG (LG Technology Ventures); Union Square Ventures (lead), Wisdom Ventures, Evan Sharp |
| Desty | Digital commerce platform | Consumer | Indonesia | Pre-A | 4.35 (updated) | 24/01/2023 | Fosun (Fosun RZ Capital); East Ventures (Growth Fund) (lead), Square Peg Capital, Jungle Ventures, January Capital, 5Y Capital |
| Viking Analytics | Provider of machine health monitoring technology | Industrial | Sweden | A | 3.3 | 26/01/2023 | ABB; Finindus (co-lead), Industrifonden (co-lead) |
| TransCrypts | Income history management platform | Financial | US | Pre-Seed | 2.4 | 20/01/2023 | Protocol Labs; Mark Cuban, Techstars, Alumni Ventures, One Piece Ventures, The Fund, Global Millennial Capital, Underdog Labs, Atland Ventures, Asymmetry Ventures |
| Elinha | Operator of Korean cosmetics platform Checco | Consumer | South Korea | A | 1.9 | 27/01/2023 | Amorepacific; TBT Partners (lead) |
| Gramophone | Provider of agricultural yield data software | Industrial | India | N/A | 1.1 | 24/01/2023 | Info Edge (SIHL) |
| Snyk | Security technology producer for software development | IT | US | N/A | N/A | 24/01/2023 | ServiceNow |
| Hadrian | Provider of cybersecurity exposure management software | IT | Netherlands | N/A | N/A | 25/01/2023 | ABN Amro (ABN Amro Ventures) |
| Dasseti (Diligend) | Due dilligence software producer | IT | US | A | N/A | 24/01/2023 | Nasdaq (Nasdaq Ventures) (lead) |
| DCT Agency | Influencer-focused digital advertising agency | Media | Indonesia | Pre-A | N/A | 25/01/2023 | Sinar Mas Group (Living Lab Ventures) |
| Valutico | Web-based company valuation platform | Financial | Austria | N/A | N/A | 25/01/2023 | Erste Group; Push Ventures, AWS Gründerfonds |
| Relectrify | Cell-level battery control developer | Energy and Natural Resources | Australia | N/A | N/A | 24/01/2023 | Toyota (Toyota Ventures Climate Fund) (lead); Creative Ventures |
| Fractal | NFT platform developer | Financial | US | N/A | N/A | 24/01/2023 | Polygon (Polygon Labs) |
| Yasai | Urban vertical farm operator | Industrial | Switzerland | N/A | N/A | 24/01/2023 | The Bell Food Group |
| Machina Labs | Advanced sheet metal product manufacturer | Industrial | US | N/A | N/A | 26/01/2023 | Lockheed Martin (Lockheed Martin Ventures) |
| Regent | Maritime electric seaglider producer | Transport | US | N/A | N/A | 27/01/2023 | Japan Airlines (Japan Airlines Innovation Fund) |
| Betterview | Property insurance risk assessment platform | Financial | US | N/A | N/A | 26/01/2023 | EMC Insurance, Guidewire Software, Nationwide, MaidenRe; ManchesterStory |
| Rewind Therapeutics | Demyelination disease treament developer | Healthcare | Belgium | N/A | N/A | 25/01/2023 | Boehringer Ingelheim (Boehringer Ingelheim Venture Fund), Merck Group (M Ventures); Sunstone Life Science Ventures, PMV, Fortis Private Equity/KBC Private Equity/University of Leuven (Gemma Frisius Fonds), CD3/ KU Leuven |
| HBM Alpha Therapeutics | Endocrine disorder treatment developer | Healthcare | US | Seed | N/A | 25/01/2023 | Harbour BioMed |
