Public markets
Acrivon Therapeutics, the US-based oncology therapy developer backed by life sciences real estate investment trust Alexandria Real Estate Equities, has filed for an initial public offering on the Nasdaq Global Market. Its overall funding stood at over $115m as of November 2021.
Reverse merger
Oculis, the Switzerland-based eyesight treatment developer backed by pharmaceutical firm Novartis and property developer Nan Fung, is set to merge with Nasdaq-listed special purpose acquisition company European Biotech Acquisition Corp. The deal gives it a post-transaction enterprise value of about $220m and will be boosted by nearly $80m in private investment financing from investors including Novartis Venture Fund, Nan Fung’s Pivotal BioVenture Partners unit, Earlybird, VI Partners and funds managed by Tekla Capital Management.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| H2 Green Steel | Sustainable steel producer | Industrial | Sweden | B | 255 (updated) | 19/10/2022 | Hitachi Energy, Marcegaglia, Kobe Steel, Schaeffler Group, Kingspan; Kinnevik, Vargas Holdings, Swedbank Robur, Imas Foundation, GIC, FAM, Altor, Cristina Stenbeck, Daniel Ek |
| Viome Life Sciences | Nutrition-based health company | Healthcare | US | C | 67 | 18/10/2022 | Glico, Physician Partners; Bold Capital Group (lead), Khosla Ventures, West River Group, Ocgrow Ventures |
| Orionis Biosciences | Cancer therapeutics developer | Healthcare | US | N/A | 55 | 19/10/2022 | Novartis; Cormorant Asset Management (lead) |
| Orbex | Orbital launch services provider | Industrial | UK | C | 45.4 | 18/10/2022 | Jacobs; Scottish National Investment Bank (lead), BGF, Heartcore Capital, High-Tech Gründerfonds, Danish Green Future Fund, Octopus Ventures, Verve Ventures, Phillip and James Chambers |
| TrendExpress | China-focused cross-border business platform | Services | Japan | C | 22 | 19/10/2022 | Globis (Globis Capital Partners) (lead), Dentsu (Dentsu Ventures), MTG (MTG Ventures), AirTrip; JIC Venture Growth Investments, Japan Asia Investment Company (WM Partners), Sapphire Capital, Dream Incubator (Dimension), DNX Ventures |
| Neuchips | Deep learning recommendation platform | IT | US | B2 | 20 | 17/10/2022 | Wistron, Powerchip Group, Raydium Semiconductor Corporation; Jafco Asia |
| Sensat | Environmental data platform | Energy and Natural Resources | UK | B | 18.8 | 18/10/2022 | National Grid (National Grid Partners) (lead); Innovate UK, Round Hill Ventures |
| ChainSafe | Blockchain infrastructure firm | IT | Canada | A | 18.75 | 18/10/2022 | Wanxiang (HashKey Capital), Digital Finance Group; Round13 (lead), NGC Ventures, Sfermion, Jsquare, Fenbushi Capital |
| Shardeum | Smart contract platform | Financial | Switzerland | Seed | 18.2 | 19/10/2022 | CoinGecko (CoinGecko Ventures), Jane Street, Wemade, ZebPay; Struck Crypto, The Spartan Group, Big Brain Holdings, DFG, Ghaf Capital Partners, Foresight Ventures |
| Fabric Systems | Crypto hardware manufacturer | Financial | N/A | Seed | 13 | 13/10/2022 | Blockchain.com; Metaplanet, 8090 Partners |
| Safely | Short-term rental insurance provider | Financial | US | N/A | 12 | 19/10/2022 | Greenlight Re (Greenlight Re Innovations); Lago Innovation Fund (lead), Highgate Technology Ventures, unnamed existing investors |
| Feel | Nutritional supplements provider | Healthcare | UK | A | 11.3 | 18/10/2022 | British American Tobacco (Btomorrow Ventures), ITV (ITV AdVentures); Velocity Capital Advisors (lead), Fuel Ventures, TMT Investments, unnamed angel investors |
| Tembici | Micro-mobility platform | Transport | Brazil | N/A | 10.6 | 18/10/2022 | Mastercard, Vanti, Banco Itaú |
| Viture | Mixed reality glasses provider | Media | US | A | 10 | 19/10/2022 | Bertelsmann (BAI Capital); Verity Ventures |
| Ecoligo | Renewable energy investment platform | Financial | Germany | A | 9.8 | 17/10/2022 | Abdul Latif Jameel Energy (Fotowatio Renewable Ventures – FRV-X) |
| TSOLife | AI-equipped business intelligence platform | IT | US | A | 9 | 18/10/2022 | Omega Healthcare Investors, Link-age (Ziegler Link-age Fund III); Arnie Whitman (lead), |
| Freebee | Electric vehicle ride hailing service | Transport | US | A | 8 | 20/10/2022 | BP (BP Ventures) (lead); Tensile Mobility |
| Axoft | Neurological disorder treatment developer | Healthcare | US | Seed | 8 | 18/10/2022 | Mintz; The Engine (lead), Ab Initio Capital, Decent Capital, Alumni Ventures, Safar Partners, AIBasis, LiquidMetal VC, Taihill Venture, Amino Capital, Blindspot Ventures |
| CoreZero | Carbon credit system developer | Energy and Natural Resources | Mexico | N/A | 7 | 18/10/2022 | Femsa (Femsa Ventures); Nazca (lead), Inter-American Development Bank (IDB Lab) |
| Zulu | Stablecoin exchange | Financial | Colombia | N/A | 5 | 18/10/2022 | Nexo, Simplex, Coin DCX, Capital Markets Trading (CMT Digital); Cadenza Ventures, Gaingels, Caterine Castillo, Carolina Garcia, Man Hei Lou |
| HMS | Provider of micro AI-equipped smart camera Singray | IT | Japan | A | 2 | 20/10/2022 | Fukuoka Financial Group (FFG Venture Business Partners) (lead), Saibu Gas (SG Incubate); unnamed angel investors |
| Tech Ocean | Operator of science student recruitment platform Tech Offer | Services | Japan | A | 2 | 20/10/2022 | Mitsubishi UFJ (Mitsubishi UFJ Capital), Mizuho Bank (Mizuho Capital), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), Nanto Bank (Nanto Capital Partners); University of Tokyo (Innovation Platform), Venture Labo Investment |
| Impact Circle | Social impact investing platform | Financial | Japan | Pre-A | 1.1 | 19/10/2022 | Mitsui Sumitomo Insurance (Mitsui Sumitomo Insurance Venture Capital) |
| Zeemart | Invoice management platform | Services | Singapore | N/A | <1 ($490,000) | 20/10/2022 | Entomo |
| KaryaKarsa | Subscription platform for content creators | Media | Indonesia | N/A | <1($ $420,000) | 20/10/2022 | Max Steel Holdings; Sketchnote Partners, Matthew Qood Crakes, Yoga Nandiwardhana |
| GoToSchool | Disabled community-focused education and recruitment service | Services | Japan | A | <1 (370,000) | 19/10/2022 | United; Grit Partners, unnamed angel investors |
| Novars | Developer of connected battery system MaBeee | Energy and Natural Resources | Japan | N/A | N/A | 20/10/2022 | Aronkasei |
| Cybercore | Financial product development tool provider | IT | Japan | N/A | N/A | 19/10/2022 | Solxyz |
| Fennoa | Financial management software | Financial | Finland | N/A | N/A | 20/10/2022 | Ilmarinen; CapMan Growth |
| Pertamina International Shipping | Logistics subsidiary of Indonesian state-backed energy firm Pertamina | Services | Indonesia | N/A | N/A | 19/10/2022 | Nippon Yusen |
| Youvit | Nutraceutical and wellness product manufacturer | Healthcare | Indonesia | N/A | N/A | 19/10/2022 | Wipro Consumer Care & Lighting (Wipro Consumer Care Ventures) |
