M&A
Equity management platform Carta has acquired Capdesk, a UK-based peer backed by Fidelity International Strategic Ventures, part of financial services and investment group Fidelity. The company had secured £11.7m ($13.5m) in total funding having most recently completed a $6.9m series A round in March 2021 co-led by Fidelity International Strategic Ventures.
Fund
China-based dairy product manufacturer Inner Mongolia Yili Industrial Group has formed a $100m private equity vehicle to back companies outside of its home country, according to a filing with the Shanghai Stock Exchange on Wednesday seen by Deal Street Asia. Hong Kong Jingang Trade Holding Company has secured a limited partner, YJLC, which is part of Yili Group’s Hong Kong Jingang Trade Holding Company subsidiary.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Ascend Elements | Lithium-ion battery recycling and materials company | Energy and Natural Resources | US | N/A | 50 | 01/09/2022 | SK (SK Ecoplant) |
| Fairmarkit | Automated sourcing platform for goods and services | Services | US | C | 35.6 | 01/09/2022 | ServiceNow; Omers Growth Equity (lead), GGV Capital, Insight Partners, HighlandX, |
| QQ Technology | 5G satellite operator | Telecoms | Luxembourg | A | 13.1 | 01/09/2022 | Saudi Aramco (Wa’ed Ventures) (co-lead); Phaistos Investment Fund (co-lead) |
| Broker Network | Proptech startup | Services | India | N/A | 11.3 | 01/09/2022 | Info Edge |
| Turn Systems | Reusable cup provider | Consumer | US | N/A | 5 | 01/09/2022 | Live Nation |
| C-mo Medical Solutions | Cough monitoring device creator | Healthcare | Portugal | Seed | 4.1 | 01/09/2022 | Boehringer Ingelheim Corporation (Boehringer Ingelheim Venture Fund) (lead); Portugal Ventures, HighTech Gründerfonds |
| Haru Invest | Digital asset management platform | Financial | Singapore | N/A | 4 | 01/09/2022 | Cocone Corporation (lead) |
| AdiWisista | Employee-focused lending service | Financial | Indonesia | A | 1.8 | 02/09/2022 | Luminor Financial (lead) |
| Silence Laboratories | Cybersecurity online platform | IT | Singapore | Seed | 1.7 | 01/09/2022 | ImToken (ImToken Ventures); Pi Ventures (lead), Daniel Ari Friedman, Mahin Gupta, CK Vishwakarma, Priyeshu Garg, Ashish Tiwari |
| Pajarito Powder | Hydrogen and fuel cell catalyst producer | Energy and Natural Resources | US | B | N/A | 02/09/2022 | Bekaert, Hyundai Motor Company; Verge Fund, Omphalos Venture Partners |
| Smartfren Telecom | Telecoms subsidiary of conglomerate Sinar Mas Group | Telecoms | Indonesia | N/A | N/A | 02/09/2022 | Alibaba (Lazada) |
| Ampeers Energy | Climate-neutral real estate site operator | Services | Germany | N/A | N/A | 30/08/2022 | S!stems |
