M&A
Nasdaq-listed bladder cancer drug developer Sesen Bio has agreed to merge with Carisma Therapeutics, a US-based immunotherapy developer backed by pharmaceutical groups Penn Medicine, Merck & Co, Livzon Pharmaceutical and AbbVie. The combined business will receive $30m in financing from AbbVie, Penn Medicine, Merck’s MRL Ventures Fund, Livzon, HealthCap, Wellington Partners, SymBiosis, TPG Biotech, Agent Capital, Solasta, Pictet Alternative Advisors and 4Bio concurrent to the deal.
Bankruptcy
Compute North, a US-based crypto mining and infrastructure platform that counts energy utility National Grid as an investor, has filed for bankruptcy. It owed as much as $500m to some 200 creditors, according to a filing accessed by Coindesk.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Rivus Pharmaceuticals | Cardiometabolic therapeutics developer | Healthcare | US | B | 132 | 22/09/2022 | RxCelerate (RxCapital); RA Capital Management (lead), Bain Capital Life Sciences, BB Biotech, Longitude Capital, Medicxi |
| AccessFintech | Finance-focused data and workflow collaboration software provider | IT | US | C | 60 | 22/09/2022 | Bank of America, Citi; WestCap (lead), BNY Mellon (co-lead), Dawn Capital, JP Morgan, Goldman Sachs |
| Prophesee | Neuromorphic vision system producer | IT | France | C | 48.8 | 23/09/2022 | Saudi Aramco (Prosperity7 Ventures), Xiaomi, Intel (Intel Capital) Robert Bosch (Robert Bosch Venture Capital); Sinovation Ventures, 360 Capital, iBionext, European Investment Bank |
| 3Commas | Cryptocurrency trading automation service | Financial | Estonia | B | 37 | 22/09/2022 | Alameda Research, Jump Trading (Jump Crypto); Target Global, Dmitry Tokarev |
| Immunefi | DeFi-focused bug bounty system developer | Financial | Singapore | A | 24 | 22/09/2022 | Samsung (Samsung Next), Polygon (Polygon Ventures); Framework Ventures (lead), Electric Capital, P2P Capital, North Island Ventures, Third Prime Ventures, Lattice Capital, Stratos DeFi |
| Hyperlane | No-code user interface development platform | IT | N/A | Seed | 18.5 | 22/09/2022 | Figment, Circle, Blockdaemon, Kraken (Kraken Ventures); NFX, Hypersphere Ventures, Galaxy Digital, CoinFund, Asymmetric |
| Codacy | Code review automation service | IT | Portugal | B | 15 | 22/09/2022 | Sonae Group (Bright Pixel Capital) (lead); Armilar Venture Partners, Faber Ventures, Join Capital, Caixa Geral de Depósitos (Caixa Capital), EQT Ventures, Iberis Capital |
| Remofirst | Employer of record services provider | Services | US | Seed | 14.1 | 23/09/2022 | Santander (Mouro Capital) (co-lead); QED Investors (co-lead), Counterpart Ventures |
| Caelux Corporation | Perovskite-based solar technology developer | Energy and Natural Resources | US | N/A | 12 | 23/09/2022 | Reliance Industries (Reliance New Energy) |
| BeautyHaul | Beauty product retailer | Consumer | Indonesia | B | 10 | 22/09/2022 | Prosus (Prosus Ventures); Sequoia Capital India |
| Carbon Ridge | Maritime carbon capture and storage technology developer | Energy and Natural Resources | N/A | N/A | 6 | 21/09/2022 | Crowley, Berge Bulk; Grantham Foundation for the Protection of the Environment (lead), Rusheen Capital Management, Plug and Play Ventures |
| Instant Commerce | Fast commerce brand builder | Consumer | Netherlands | Seed | 5.2 | 22/09/2022 | Hearst (Hearst Ventures); HV Capital (lead), Firstminute Capital |
| Transaera | Desiccant material-derived cooling system developer | Energy and Natural Resources | US | Seed | 4.5 | 23/09/2022 | Saint-Gobain; Energy Impact Partners (lead), Carrier Ventures, Massachusetts Clean Energy Center |
| 0xScope | Web3 data standardisation protocol creator | IT | Singapore | Seed | 3 | 21/09/2022 | Mask Network (Bonfire Union); ABCDE (lead), Liang Xinjun, Bodl Ventures, Hash Global |
| ElFys | Photodector technology developer | Energy and Natural Resources | Finland | N/A | 2.9 | 21/09/2022 | Samsung (Samsung Ventures) (lead), Oura Health; Voima Ventures |
| Mangkokku | Asian rice dish provider | Consumer | Singapore | N/A | 2.2 | 23/09/2022 | Karunia Pangan Indonesia |
| Ustraa | Men’s grooming product retailer | Consumer | India | N/A | 2.1 | 21/09/2022 | Info Edge (lead), Wipro Consumer Care; IIFL Finance/IIFL Asset Management (IIFL Seed Ventures), |
| Feliqs | Ophthalmology, neurology and neonatal drug developer | Healthcare | Japan | N/A | 2.1 | 22/09/2022 | Mitsubishi UFJ (Mitsubishi UFJ Capital), Fukuoka Financial Group (FFG Venture Business Partners); Keio University (Keio Innovation Initiative) |
| MediMusic | Mental health-focused music therapy provider | Healthcare | UK | N/A | 1.3 | 23/09/2022 | Sauce Consultants; Finance Yorkshire, University of Hull |
| KOGO | Gamified social travel commerce platform | Services | India | N/A | 1.25 | 21/09/2022 | MapmyIndia |
| Hackle | Logistics and distribution technology developer | Services | India | N/A | 1.25 | 22/09/2022 | Pescafresh (lead); Callapina Capital, Indian Angel Network |
| Digital Confectioners | Gaming studio | Media | New Zealand | N/A | N/A | 21/09/2022 | Tencent |
| Lithion Recycling | Lithium-ion battery recycling service | Energy and Natural Resources | Canada | A | N/A | 22/09/2022 | General Motors (GM Ventures) |
| Aeronext | Drone technology developer | Industrial | Japan | N/A | N/A | 22/09/2022 | Revamp |
