Fund
Insurer Taiwan Life has committed $16.4m to three venture capital vehicles in the United States and Europe, according to regulatory filings seen by DealStreetAsia. It contributed just under $10m for Foresite Capital Fund VI, a vehicle for US-based VC firm Foresite Capital Management, $4.9m for Latitude III and less than $1.5m to Solar Fund I, both of which are managed by UK-headquartered VC firm Phoenix Court Group.
M&A
Samsung Display, the large format display manufacturing subsidiary of electronics producer Samsung, has paid about $300m to acquire Samsung portfolio company Cynora, a Germany-based producer of organic light-emitting diode materials, Bloomberg reported on Tuesday, citing sources privy to the matter. Samsung subsidiary Samsung Ventures had most recently invested in Cynora’s $25m series C round in 2019 alongside OLED display supplier LG Display.
Eyewear chain operator Lenskart has acquired a majority share of Owndays, a Japan-based peer backed by conglomerate Mitsui, for $400m, according to Bloomberg, citing a person familiar with the matter. Mitsui and its Principal Investments vehicle were among the selling shareholders, as was private equity firm L Catterton, the source said.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Evolved By Nature | Natural silk protein-derived molecule developer | Industrial | US | C | 120 | 30/06/2022 | Chanel, Kraft Group; Teachers’ Venture Growth (co-lead), Senator Investment Group (co-lead), Mousse Partners, Jeff Vinik, Emerald Development Managers, Roy Disney |
| Sharebite | Enterprise-focused food delivery management service | Consumer | US | B | 39 | 30/06/2022 | Prosus (lead), Fiserv; Contour Venture Partners, Reign Ventures, London Technology Club, Not Boring Fund |
| GetVantage Tech | Revenue-oriented financing service | Financial | India | N/A | 36 | 30/06/2022 | Sony (Sony Innovation Fund); Varanium Nexgen Fintech Fund (lead), DMI Sparkle Fund, Chiratae Ventures, Dream Incubator Japan, Haldiram’s family office, Incred Capital |
| Zigazoo | Social media platform safely designed for children | Media | US | A | 17 | 30/06/2022 | Animoca Brands, Dapper Labs, OneFootball, National Basketball Association; Liberty City Ventures (lead), Medicxi VC, Causeway, Lightspeed Venture Partners |
| WiredScore | Digital building certification service | Services | US | B | 15 | 30/06/2022 | Cushman & Wakefield, Crow Holdings; Beringea (lead), Taronga Ventures, Fifth Wall, Bessemer Venture Partners, Jona Capital |
| H2Site | Hydrogen production technology developer | Energy | Spain | A | 13 | 30/06/2022 | Equinor (Equinor Ventures), Engie (Engie New Ventures); Breakthrough Energy (Breakthrough Energy Ventures) (lead), Tecnalia, Capital Riesgo País Vasco, Seed Capital Bizkaia |
| Distributed | On-demand software team provider | IT | UK | N/A | 9.7 | 30/06/2022 | Capita; Downing Ventures (co-lead), Guinness Ventures (co-lead), Fuel Ventures |
| Mediphone Corporation | Telemedicine interpretation service | Healthcare | Japan | N/A | 8.1 | 30/06/2022 | Sony (Sony Innovation Fund 2), Sumitomo Mitsui Banking Corporation, Resona Bank; University of Tokyo (Innovation Platform), Fast Track Initiative Fund 2, Kepple, Japan Finance Corporation |
| Oak9 | Cloud-based online security platform | IT | US | N/A | 8 | 30/06/2022 | Cisco (Cisco Investments), Morgan Stanley (Next Level Fund); Menlo Ventures (lead), Hyde Park Angels |
| Proda | Data processing and analytics platform | IT | UK | A | 8 | 30/06/2022 | ING (ING Ventures) (lead), JLL (JLL Spark); Blackstone (Blackstone Innovations Investments), Concrete VC |
| Dynamic | Web3 authentication and authorisation tool developer | IT | US | Seed | 7.5 | 30/06/2022 | Solana (Solana Ventures), Circle (Circle Ventures); Andreessen Horowitz (A16Z Crypto) (lead), Hypersphere, Castle Island Ventures, First Round Capital, Chapter One, Breyer Capital, Sheva, Shine Capital, At.inc/ |
| iXs | Industrial infrastructure-focused robotics developer | Industrial | Japan | B | 7.4 | 30/06/2022 | Eneos (Eneos Innovation Partners), Sony (Sony Innovation Fund), Kajima, JFE Engineering Corporation (J&TC Frontier), SBI (SBI Investment) |
| Peaq | Decentralised infrastructure and tool developer | IT | Germany | Seed | 6 | 28/06/2022 | GSR, Wanxiang (HashKey Capital), Delta-V Capital, Mulana Capital, Cypher Capital, GravityX Capital, Waterdrip Capital, Ceras Ventures, Master Ventures, Moonrock Capital |
| System 9 | Alternative coin-focused digital asset manager | Financial | US | A | 5.7 | 30/06/2022 | Gate.io (Gate Ventures), Ascendex (Ascendex Ventures); Capital6 Eagle (lead), Kronos Asset Management, C2 Ventures |
| Clara Online | Consulting and digitalisation services provider | Services | Japan | N/A | 4.3 | 30/06/2022 | Saibu Gas (SG Incubate), Higashi-Nippon Bank (Higashi-Nippon Bank Regional Corporate Revitalisation Fund); Energy Environment Investment (co-lead), Inclusion Japan (co-lead), Future Venture Capital, Miki Igarashi |
| Captain’s Eye | Maritime safety system provider | Transport | Israel | N/A | 4 | 30/06/2022 | SixAI |
| Quintet | Meeting minutes digitalisation tool provider | IT | Japan | N/A | <1 ($290,000) | 30/06/2022 | Kozocom, Slicetone; unnamed angel investors |
| Zeta | Urban sports-focused media platform | Media | Japan | N/A | N/A | 30/06/2022 | Oriental Corporation (Oricon); unnamed angel investors |
| SucreCube Japon | Africa-focused sustainable electricity and wifi provider | Energy and Natural Resources | Japan | N/A | N/A | 30/06/2022 | Kansai Electric Power (K4 Ventures); Shibusawa & Company |
| Aidiot | Data software and digitalisation consulting service provider | IT | Japan | N/A | N/A | 30/06/2022 | HIS |
| Wall Share | Mural painting service | Media | Japan | N/A | N/A | 30/06/2022 | Mitsubishi Pencil |
| Marindows | Domestic shipping-focused digital services provider | Services | Japan | N/A | N/A | 30/06/2022 | Sumitomo Mitsui Finance and Leasing |
| Dragon-I | Lounge operator | Services | China | N/A | N/A | 30/06/2022 | Infinity Entertainment Group |
| Cassio | Bar operator | Services | China | N/A | N/A | 30/06/2022 | Infinity Entertainment Group |
| Tazmania Ballroom | Lounge operator | Services | China | N/A | N/A | 30/06/2022 | Infinity Entertainment Group |
| Gaius Automotive | Sustainable transportation technology provider | Transport | Taiwan | N/A | N/A | 30/06/2022 | Chroma |
| GoUrban | B2B fleet management provider | Transport | Austria | Pre-A | N/A | 30/06/2022 | Raiffeisen Bank International (Elevator Ventures), Uniqa Insurance (Uniqa Ventures); AWS Gründerfonds |
