M&A
Livestream concert organiser Driift has acquired Dreamstage, a US-based peer that is also backed by music streaming platform Deezer. Deezer was the majority owner of Dreamstage having first invested in May 2021, and held a minority stake in Driift. It provided an additional £4m ($4.5m) in funding alongside the latest transaction.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| GrubMarket | Online fresh produce wholesale platform | Consumer | US | N/A | 120 | 29/09/2022 | General Mills (301); Squarepoint Capital, Portfolia, Grosvenor Food & AgTech, Tiger Global, Liberty Street Funds, Walleye Capital |
| Zero Motorcycles | Electric motorcycle and powertrain manufacturer | Transport | US | N/A | 107 | 29/09/2022 | Polaris, Hero MotoCorp; Exor, Invus |
| Cortex | Big data-equipped marketing software provider | IT | Brazil | C | 49.6 | 30/09/2022 | SoftBank; Lightrock (lead), Endeavor (Endeavor Catalyst), Riverwood, Redpoint Ventures (Redpoint eVentures), C2 Partners |
| Adda247 | Public examination preparation platform | Services | India | B | 35 | 01/10/2022 | Info Edge, Asha Edu Tech, Alphabet (Google); WestBridge Capital (lead), JM Financial |
| Bit2Me | Cryptocurrency exchange operator | Financial | Spain | N/A | 29 | 30/09/2022 | Telefónica (lead) |
| Noodle.ai | Corrective platform for supply chain systems | Services | US | C | 25 | 29/09/2022 | ServiceNow (ServiceNow Ventures), Honeywell (Honeywell Ventures) |
| EV Motors | Electric vehicle and charging technology producer | Transport | Japan | C | 21 | 30/09/2022 | Mizuho Leasing, Yamanashi Chuo Bank Group (Yamanashi Central Bank Management Consulting), Wistron, Fukuoka Financial Group, Kyuden International, Sumitomo Mitsui Trust Holdings; Hibiki |
| OneKey | Crypto hardware wallet producer | Financial | China | A | 20 | 28/09/2022 | Coinbase (Coinbase Ventures); Dragonfly (lead), Ribbit Capital, Framework Ventures, Sky9 Capital, Folius Ventures, Ethereal Ventures, Santiago Santos, Feng Liu |
| Pixie Dust Technologies | Ultrasound dementia treatment developer | Healthcare | Japan | C | 15 | 03/10/2022 | Shionogi, Suzuyo, Nomura Kougei; IF Growth Opportunity Fund I, Tohoku University (Tohoku University Venture Partners), Axiom Asia Private Capital |
| Blowfish | Web3 fraud prevention software provider | IT | N/A | N/A | 11.8 | 30/09/2022 | Uniswap (Uniswap Labs Ventures), 0x (0x Labs); Paradigm (lead), Dragonfly, Hypersphere |
| General Prognostics | Developer of blood biomarker digitisation technology | Healthcare | US | Seed | 3.25 | 30/09/2022 | Ideo (D4V); Pete Moran, Masao Hitotsuyanagi, Hiroaki Kitano |
| Cycle Group | Service for electric bikes | Transport | Japan | A | 2.1 | 30/09/2022 | Temona, Bank of Kyoto, Minato Bank, Osaka Shinkin Bank; Japan Asia Investment Co (lead), Daishin Securities (Daishin Startup Support No. 2 Fund), Future Venture Capital/ Digiara Capital (Kobe Startup Development No. 1 Fund), Dejiara Holdings, Kita Osaka Credit Banks |
| FTV Labs | Owner of field service management platform Kegmil | IT | Singapore | Pre-A | 1.5 | 30/09/2022 | Mitsubishi Electric (ME Innovation Fund); Global Brain, Origgin, GHV Accelerator, Plug and Play Indonesia |
| LRM | Information security software provider | IT | Japan | N/A | 1.3 | 30/09/2022 | Mynavi, Asahi Shimbun (Asahi Media Lab Ventures), Mitsubishi UFJ (Mitsubishi UFJ Capital) |
| Robofull | Data-equipped factory automation equipment provider | Industrial | Japan | N/A | 1 | 03/10/2022 | Aichi Bank (Aichi Capital), Juroku Bank (Nobunaga Capital Village); SBI Holdings (SBI Investment), Anri, East Ventures |
| Wellcy | CBD wellness product provider | Healthcare | Japan | N/A | <1 ($280,000) | 30/09/2022 | Seeker Creative Studio |
| Unchorlight Kenya | Operator of on-demand ride BNPL service Zaribee | Financial | Kenya | N/A | <1 ($620,000) | 30/09/2022 | Honda (Honda Trading), Skylight Consulting |
| Green Ace | Agricultural product manufacturer | Industrial | Japan | Seed | N/A | 30/09/2022 | Mitsubishi UFJ (Mitsubishi UFJ Capital); Future Food Fund (Future Food Fund No. 1), Leave a Nest Capital |
| RT | Contract development service | Financial | Japan | N/A | N/A | 30/09/2022 | Mizuho Leasing (Future Creation Fund) |
| Duffle | Airport shopping app operator | Consumer | Germany | N/A | N/A | 30/09/2022 | Gebr. Heinemann |
| Boka Restaurant Group | Chef-focused restaurant chain operator | Consumer | US | N/A | N/A | 30/09/2022 | Levy |
| Man-Machine Synergy Effectors | Smart robotics technology developer | Industrial | Japan | B2 | N/A | 03/10/2022 | Yamato Kogyo |
