Funds
Energy Impact Partners, a US-headquartered venture capital firm focusing on the energy transition, closed its EIP Deep Decarbonization Frontier Fund I at $485m with contributions from backers including software producer Microsoft, energy supplier Duke Energy and petroleum provider Williams Companies. EIP has already invested in 12 companies through the vehicle, also known as Frontier Fund.
Public markets
EnOcean, a Germany-based provider of internet-of-things technology for energy harvesting, agreed to a reverse merger with Parabellum Acquisition Corp, a special purpose acquisition company listed on the New York Stock Exchange. The deal values EnOcean at $120m and is expected to be boosted by $40m in financing. The company was spun off by industrial technology and appliance maker Siemens and its investors included electronics manufacturer Kathrein.
Japan-headquartered ecommerce enablement platform AnyMind Group was approved for an initial public offering on the Tokyo Stock Exchange. It had raised a total of about $112m as of July this year from investors that included corporates Japan Post, Proto, Line, Gunosy and VGI Global Media.
M&A
Customer loyalty software producer Eagle Eye Solutions Group agreed to acquire France-based loyalty gamification tool developer Untie Nots in a deal that would allow marketing services network Altavia to exit. The corporate’s Altavia Adventures fund invested €1.7m in Untie Nots in 2019, and Eagle Eye will pay an initial €15m ($15.5m) in cash and shares through a transaction which could reach €38.8m including earnout payments.
| Company name | Company description | Sector | Country | Round | Round Size ($) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Jnana Therapeutics | Chemoprteomics drug developer | Healthcare | US | C | 107 | 15/11/2022 | Pfizer (Pfizer Ventures); Bain Capital (Bain Capital Life Sciences) (lead), Polaris (Polaris Partners), RA Capital Management, Versant Ventures, Avalon Ventures |
| Bonum Therapeutics | Low-toxicity medicine developer | Healthcare | US | A | 93 | 15/11/2022 | Roche (Roche Venture Fund); Rivervest Venture Partners, Vivo Capital, Digitalis Ventures, Rivervest Venture Partners, 3×5 Partners, Codon Capital |
| Kasco | Automotive suspension technology producer | Transport | China | B | 72 | 15/11/2022 | CRRC/Guochang Investment Fund Manager (China Venture Capital); Yongjin Group (Yonghua Capital), Tianfeng Securities (Huoyan Capital), Source Code Capital, Shenzhen Capital Group, Shanshan Venture Capital, Dening Capital |
| Lupeng Pharma | Small molecule drug developer | Healthcare | China | Pre-B | 70 (updated) | 14/11/2022 | Eli Lilly (Lilly Asia Ventures); Kaitai Capital (co-lead), Temasek (co-lead), Fontus Capital, Lake Bleu Capital |
| Dandelion Energy | Geothermal energy producer | Energy and Natural Resources | US | B1 | 70 | 15/11/2022 | Lennar (LenX) (co-lead), Alphabet (GV); NGP (NGP ETP) (co-lead), Breakthrough Energy (Breakthrough Energy Ventures), New Enterprise Associates, Collaborative Fund, Building Ventures |
| Charlotte’s Web | Cannabidiol wellness product maker | Healthcare | US | N/A | 56.8 | 14/11/2022 | British American Tobacco |
| Casma Therapeutics | Autophagy drug developer | Healthcare | US | C | 46 | 15/11/2022 | Astellas Pharma (Astellas Venture Management), Eisai, Amgen (Amgen Ventures), Ono Pharmaceuticals (Ono Venture Investment); Euclidean Capital, Mirae Asset, Eventide Asset Management, Schroders Capital, The Column Group, Third Rock Ventures |
| Simplilearn | Online adult education provider | Services | India | N/A | 45 | 16/11/2022 | Clal Insurance; GSV Ventures (lead), AQ (DisruptAD) |
| WeaveGrid | EV software developer | Transport | US | B | 35 | 15/11/2022 | Salesforce (Salesforce Ventures)(lead); Emerson Collective, Breakthrough Energy (Breakthrough Energy Ventures), Activate Capital, Collaborative Fund, MCJ Collective, Coatue, Grok Ventures, The Westly Group |
| BeatO | Diabetes management platform | Healthcare | India | B | 33 | 16/11/2022 | Flipkart (Flipkart Ventures); Lightrock Capital (Lightrock India) (lead), HealthQuad, unnamed existing investors |
| WeGift | Incentive marketing software producer | Media | UK | B | 30.6 | 15/11/2022 | Commerzbank (CommerzVentures), SAP; Element Ventures (lead), Clocktower Ventures, Volution Capital, AlbionVC |
| Pickle Robot Company | Shelving robotic arm manufacturer | Industrial | US | A | 26 | 15/11/2022 | Ranpak (lead); JS Capital, Schusterman Family Investments, Soros Capital, Catapult Ventures |
| Cambridge GaN Devices | Fabless semiconductor producer | Information Technology | UK | B | 19 | 16/11/2022 | Marshall of Cambridge (Martlet Capital), Williams Advanced Engineering (Foresight Williams Technology); Parkwalk Advisors (lead), BGF, IQ Capital, CIC |
| Freight Farms | Container farm manufacturer | Industrial | US | B3 | 17.5 | 15/11/2022 | Aliaxis (co-lead); Ospraie Ag Sciences (co-lead), Spark Capital, Stage 1 Ventures, Alkaline Partners |
| TVision | TV viewer engagement platform | Media | US | N/A | 16 | 15/11/2022 | iSpot (lead), Susquehanna International Group (SIG Capital); Accomplice, Golden Ventures |
| Banked | Global payment network developer | Financial | UK | A | 15 | 15/11/2022 | Citi, National Bank of Australia (NAB Ventures), Rapyd; Insight Partners (lead) |
| Omni:us | Insurance claim management software provider | Financial | Germany | A+ | 12.4 | 15/11/2022 | W&W (Württembergische Versicherung); undisclosed existing investors |
| Omneky | AI marketing software producer | Media | US | Seed | 10 (updated) | 16/11/2022 | Softbank (DeepCore); Village Global, Hyphen Capital, Richard Socher, Gene Farrell, Craig Kostelic, Charlie Feng, Tien Tzuo |
| Probely | Cybersecurity vulnerability testing platform | Information Technology | Portugal | A | 8 | 16/11/2022 | Sonae (Bright Pixel Capital), Caixa Geral de Depósitos (Caixa Capital), EDP (EDP Ventures); Iberis Capital (co-lead), Semapa Next (co-lead), TIIN Capital, Portugal Ventures, |
| SparkNano | Spatial atomic equipment developer | Energy and Natural Resources | Netherlands | N/A | 5.7 | 15/11/2022 | Air Liquide (Aliad) (lead); Somerset Capital Partners, Invest-NL, TNO, Innovation Industries, Brabant Development Company |
| Micro Turbine Technology | Domestic heating system producer | Energy and Natural Resources | Netherlands | N/A | 5.2 | 15/11/2022 | Avila Energy |
| Yakoa | NFT fraud detection tool developer | Financial | Japan | N/A | 4.8 | 15/11/2022 | Uniswap Labs (Uniswap Labs Ventures); Collab+Currency (lead), Volt Capital, Data Community Fund, Brevan Howard Digital, Alliance DAO, Orange DAO, Time Zero Capital, GMJP, Sunset Ventures, GettyLab (Fast) |
| Payload | Management system for open source content | Media | US | Seed | 4.7 | 15/11/2022 | Alphabet (Gradient Ventures) (lead), MongoDB (MongoDB Ventures); Y Combinator, SV Angel, Grand Ventures, Exceptional Capital |
| CalmWave | Healthcare optimisation software provider | Healthcare | US | Seed | 4 | 15/11/2022 | PagerDuty; Bonfire Ventures (lead), Tau Ventures, Allen Institute for AI (AI2 Incubator), Seachange Ventures, Hike Ventures |