M&A
Pharmaceutical firm Roche has agreed to acquire a portfolio company, Good Therapeutics, which is a US-based self-regulating therapy developer, for $250m in cash and additional earnouts. The company had secured more than $30m in funding from the corporate’s Roche Venture Fund as well as RiverVest Venture Partners, 3×5 Partners, Digitalis Ventures and Codon Capital.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Arsenal Biosciences | Programmable cell therapy developer | Healthcare | US | B | 220 | 06/09/2022 | SoftBank (SoftBank Vision Fund 2), Bristol Myers Squibb, Hitachi (Hitachi Ventures); Byers Capital, Emerson Collective Investments, Green Sands Equity, Sixth Street, Parker Institute for Cancer Immunotherapy, Westlake Village BioPartners, University of California, San Francisco Foundation Investment Company, Euclidean Capital, Waycross Ventures, Kleiner Perkins |
| Morse Micro | Fabless semiconductor company | IT | Australia | B | 140 | 07/09/2022 | MegaChips Corporation (lead); Blackbird Ventures, Main Sequence Ventures, Clean Energy Finance Corporation, Skip Capital, Uniseed, SpringCapital, Malcolm, Lucy Turnbull |
| VTS | Commercial real estate platform | Services | US | E | 125 | 06/09/2022 | CBRE Group (lead), AmTrust; BentallGreenOak, Brookfield Ventures, Insight Venture Partners |
| Cymulate | Extended security posture management service | IT | Israel | D | 70 | 06/09/2022 | Dell (Dell Technologies Capital); One Peak, Susquehanna (Susquehanna Growth Equity), Temasek (Vertex Ventures Israel), Temasek (Vertex Growth) |
| Carbyne | Emergency communications platform | Telecommunications | US | C | 56 | 07/09/2022 | Cox Enterprises (co-lead); Hanaco Growth Fund (co-lead), Valor Equity Partners, General Global Capital, TalC, Founders Fund, FinTLV, Elsted Capital Partners, David Petraeus |
| Varjo | VR/XR hardware and software provider | Media | Finland | D | 40 | 06/09/2022 | Volvo (Volvo Car Tech Fund), Foxconn; EQT Ventures, Atomico, Lifeline Ventures, Mirabaud |
| Josys | Automated IT management platform spun out of printing services firm Raksul | IT | Japan | A | 32 | 07/09/2022 | Digital Holdings; Global Brain (lead), Anri, Yamauchi No 10 family office, World Innovation Lab |
| Gokomodo | Agriculture supply chain platform | Industrial | Indonesia | A | 26 | 06/09/2022 | Waresix; East Ventures (lead), SMDV, Eight Capital, K3 Ventures, Triputra, Indogen Capital, Sahabat Group, Sampoerna Financial |
| Pleco Therapeutics | Acute myeloid leukaemia therapy developer | Healthcare | Netherlands | A | 17.1 | 06/09/2022 | Hyloris Pharmaceuticals; Oost NL, Netherlands Enterprise Agency |
| AMSL Aero | Electric vertical take-off and landing aircraft manufacturer | Industrial | Australia | B | 15.4 | 06/09/2022 | Telstra (Telstra Super); St Baker Energy Innovation Fund, IP Group Australia, Hostplus |
| Credix | Institutional investor and emerging market-based lender matching platform | Financial | Belgium | A | 11.2 | 06/09/2022 | Circle (Circle Ventures), Abra; Motive Partners (co-lead), ParaFi Capital (co-lead), Valor Capital, Victory Park Capital, MGG Investment Group, Fuse Capital, Claure Group, Ricardo Villa Marina |
| Upfront Healthcare | Patient engagement platform operator | Healthcare | US | C | 10.5 | 07/09/2022 | USAble Corporation/Cambia Health Solutions/Mosaic Health Solutions (Echo Health Ventures) (co-lead); Baird Capital (co-lead), First Trust Capital Partners (co-lead), LRVHealth, Hyde Park Venture Partners, Nashville Capital Network |
| Chargezoom | SMB-focused billing platform | Financial | US | A | 10 | 07/09/2022 | SoftBank (co-lead); Panoramic Ventures (co-lead), Okapi VC, SaaS VC, Stout Street Capital |
| Waysia (formerly Alorsfaim) | Asian food-focused grocery platform | Consumer | France | 10 | 07/09/2022 | Pernod Ricard (Convivialité Ventures), Carrefour/Daphni (Dastore); Banyan Pacific Capital (lead), iFly.vc, Cathay Innovation, Goodwater Capital | |
| Flair | Smart vent producer | IT | US | A | 7.6 | 07/09/2022 | Shell (Shell Ventures), Susquehanna International Group (Susquehanna Foundation), 3M (3M Ventures); Active Impact Investments (co-lead), Lowercarbon Capital (co-lead), SOSV, Skyview, Resilience Capital Partners |
| Dust Labs | Non-fungible token software provider | Financial | N/A | N/A | 7 | 06/09/2022 | Solana (Solana Ventures), FTX (FTX Ventures); Foundation Capital, Metaplex, Jump, Chapter One |
| Medoma | Acutely ill patient-focused care delivery service | Healthcare | Sweden | Seed | 5.9 | 06/09/2022 | Bonnier (Bonnier Ventures); Inventure (lead), VNV Global, Cherry Ventures |
| Shikomel | Food industry’s IT technology developer | IT | Japan | B | 5.7 | 07/09/2022 | Plan-Do-See, Susquehanna International Group (SIG Asia Investment); Headline Asia (lead), ICMG Partners, Agri-invest, unnamed angel investor |
| Leaner Technologies | Purchasing department-focused cloud service | IT | Japan | A | 4.7 | 07/09/2022 | Globis (Globis Capital Partners) |
| Yoii | Operator of revenue-based finance platform Yoi Fuel | IT | Japan | N/A | 3.3 | 07/09/2022 | Mitsubishi UFJ Trust and Banking, Norinchukin Bank (Norinchukin Innovation Fund); One Capital (lead), Inclusion Japan, University of Tokyo (UTokyo Innovation Platform), Plug and Play Japan |
| Diggle | Business management platform provider | IT | Japan | A | 2.8 | 07/09/2022 | Mitsubishi UFJ (Mitsubishi UFJ Capital); DNX Ventures, Archetype Ventures |
| I-Phyc | Green water treatment service | Industrial | UK | N/A | 2.6 | 06/09/2022 | Mellby Gård (lead); Midlands Engine Investment Fund (MEIF Proof of Concept & Early Stage Fund) |
| Ultrade | Multichain DeFi-as-a-service platform | Financial | US | Seed | 2.4 | 06/09/2022 | Algorand (Algorand Foundation) (lead); Big Brain Holdings, Tess Ventures, Sarson Funds, Valhalla Capital |
| JusticeText | Criminal justice video analytics software provider | IT | US | Seed | 2.2 | 06/09/2022 | Bloomberg (Bloomberg Beta); True Ventures, Reid Hoffman, John Legend, Michael Tubbs |
| Transdermal Diagnostics | Needle-free blood sugar monitor developer | Healthcare | UK | Pre-seed | 1.3 | 07/09/2022 | Pioneer Group; Qubis (lead), Immetric, Bristol Private Equity Club, Science Angel Syndicate, Innovate UK |
| Smobler Studios | Metaverse architecture builder | Media | Singapore | Seed | 1.2 | 06/09/2022 | The Sandbox; Brinc, Enjinstarter |
| Kanvas | Electronic CBD vaporiser technology developer | Consumer | US | N/A | 06/09/2022 | British American Tobacco (Btomorrow Ventures) | |
| Moom Health | Natural remedy developer | Healthcare | Singapore | Seed | <1 ($854,000) | 06/09/2022 | Love Bonito; DSG Consumer Partners (lead), Nuguru |
| Bloom Biorenewables | Plant waste-derived packaging producer | Consumer | Switzerland | Seed | <1 ($250,000) | 06/09/2022 | Amcor (Amcor Lift-Off) |
| Nfinite Nanotechnology | Smart nanocoating-based recyclable packaging provider | Consumer | Canada | Seed | <1 ($250,000) | 06/09/2022 | Amcor (Amcor Lift-Off) |
| Natron Energy | Sodium-ion battery developer | Energy and Natural Resources | US | N/A | N/A | 06/09/2022 | Liberty Energy |
| Scintil Photonics | Advanced silicon photonic integrated circuit developer | Industrial | France | N/A | N/A | 06/09/2022 | Robert Bosch (Robert Bosch Venture Capital) (lead), Applied Materials (Applied Ventures), Applied Ventures/Industrial Technology Investment Corporation (ITIC Innovation Fund); Innovacom, Supernova Invest, Bpifrance (Digital Venture) |
| Magic Moment | Machine learning-equipped customer support platform | Services | Japan | B | N/A | 07/09/2022 | Mitsui; DNX Ventures (lead), DCM Ventures |
| Arklet | Metaverse technology developer | Media | Japan | N/A | N/A | 07/09/2022 | Nacoo |
