M&A
Graphic design software provider Adobe has agreed to acquire Figma, a US-based interface design tool developer backed by media group O’Reilly, for $20bn. The company was valued at $10bn as of a $200m series E round in June 2021, having secured about $333m in total funding.
Financial performance management tool Planful has acquired Plannuh, a US-based marketing automation tool provider backed by internet technology firm Alphabet’s Google subsidiary. Google’s AI vehicle, Gradient Ventures, had backed the company’s $4.1m round in September 2021 and a $4m seed round the year before.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Galvanize Therapeutics | Medical device technology provider | Healthcare | US | B | 100 | 15/09/2022 | Intuitive Surgical; Fidelity Management & Research (lead), Gilmartin Capital, Apple Tree Partners |
| Fortanix | Data-first multi-cloud security company | IT | US | C | 90 | 15/09/2022 | Intel (Intel Capital); Goldman Sachs Asset Management (lead), GiantLeap Capital, Foundation Capital, Neotribe Ventures, In-Q-Tel |
| ZwitterCo | Membrane-based water treatment company | Healthcare | US | A | 33 | 15/09/2022 | Heritage Group (Heritage Group Ventures), Mott Corporation, Mann+Hummel (Mann+Hummel Corporate Ventures); DCVC (lead), Genoa Ventures, Burnt Island Ventures, R-Cubed Capital Partners |
| HaptX | VR gloves developer | Media | US | N/A | 23 | 15/09/2022 | AIS Global (co-lead), Verizon (Verizon Ventures); Crescent Cove Advisor (co-lead), Mason Avenue Investments, Taylor Frigon Capital Partners |
| Shyft | Relocation marketplace operator | Services | US | B | 16 | 15/09/2022 | Munich Re (Munich Re Ventures); Inovia Capital, Blumberg Capital, OurCrowd |
| Magna | Token management platform | Financial | US | Seed | 15.2 | 15/09/2022 | Circle (Circle Ventures), Galaxy Digital, Solana (Solana Ventures), Polygon, Protocol Labs, Ava Labs; Tiger Global (lead), Tusk Venture Partners, Asymmetric, Alchemy Ventures, Y Combinator (Y Combinator Continuity), Blockchain Founders Fund, Alumni Ventures (AV Blockchain Fund), Olive Tree Capital, ProtoFund, Balaji Srinivasan, Ryan Selkis, Plug and Play (Plug and Play Ventures) |
| Agtonomy | Agtech software developer | Industrial | US | Seed | 13.5 | 15/09/2022 | Wilbur-Ellis (Cavallo Ventures), Toyota (Toyota Ventures); David R Duncan, Mirae Asset Financial Group (Mirae Asset Venture Investment) |
| Momentous | Supplements producer | Healthcare | US | A | 6.5 | 15/09/2022 | Royal DSM (DSM Venturing) (lead); Geraint Thomas, Des Linden, Luke Kuechly |
| OneLayer | Enterprise 5G network security provider | IT | Israel | N/A | 6.5 | 15/09/2022 | Koch Industries (Koch Disruptive Technologies) |
| Nomono | Audio recording and collaboration tool developer | Media | Norway | Seed | 3.6 | 14/09/2022 | Schibsted (Schibsted Ventures); Sintef Venture V, Spintop Ventures, Investinor |
| Hybrid Manufacturing Technologies Global | Additive manufacturing company | Industrial | US | N/A | N/A | 14/09/2022 | Nikon |
| Aptos Labs | Safe blockchain service provider | Financial | US | N/A | N/A | 15/09/2022 | Binance (Binance Labs) |
| DiSim | Real estate sales platform | Services | Japan | N/A | N/A | 16/09/2022 | Mitsubishi UFJ (Mitsubishi UFJ Capital) |
