Funds
Phosphate provider OCP Group joined Mohammed VI Polytechnic University to provide $200m of capital for Bidra Innovation Ventures, a US-based venture capital firm focused on energy, water, mining and agriculture technology. The same investors had supplied $50m for a Bidra agtech fund a year ago.
M&A
Savvy Games, a gaming and esports group backed by Saudi Arabia’s Public Investment Fund, agreed to acquire US-based mobile game developer Scopely for $4.9bn, a 50% premium on the valuation of its last round, a $340m series E in 2020 that took its total funding to $900m. Exiting investors include media group Advance and video game publisher Take-Two Interactive.
Funding
Germany-based smart thermostat producer Tado° increased its latest funding round to €55m ($60m) with additional funding from building digitisation technology provider Noventic and S2G Ventures, which led the second tranche, as well as Trill Impact Ventures, Bayern Kapital, Kiko Ventures, Swisscanto and Target Partners. All but S2G were part of the round’s $46.9m first close in January this year.
| Company name | Company description | Sector | Country | Round | Round size ($) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Soft Space | Digital payment technology provider | Financial | Malaysia | B | 31.5 | 06/04/2023 | Transcosmos, JCB; Southern Capital Group (lead), KB Investment/RHL Ventures (Hibiscus Fund) |
| Oxos Medical | Advanced X-ray system developer | Healthcare | US | A | 23 | 05/04/2023 | Intel (Intel Capital) (co-lead); Parkway Venture Capital (co-lead) |
| M^Zero Labs | Decentralised finance technology provider | Financial | Germany | N/A | 22.5 | 05/04/2023 | Santander (Mouro Capital); Pantera Capital (lead), Road Capital, Standard Crypto, The Salt Fund, ParaFi Capital, Distributed Capital, Kraynos Capital, Earlybird, Airtree |
| Mojo Vision | Micro-LED technology developer | IT | US | A | 22.4 | 06/04/2023 | Liberty Global (Liberty Global Ventures); New Enterprise Associates (lead), Kholsa Ventures, Dolby Family Ventures, Fusion Fund, Drew Perkins, Open Field Capital, Edge VC |
| Birdview | Creator of mobile beauty ecommerce platform Hwa-Hae | Consumer | South Korea | N/A | 17.4 | 05/04/2023 | Poongsung Group (PS Alliance) |
| Seenons | Waste recycling facilitator | Services | Netherlands | Seed | 10.9 | 05/04/2023 | Swiss Post; CapitalT, Tablomonto Ventures, Invest-NL, Shamrock Ventures |
| Hype (FKA Pico) | Marketing and payment platform for small businesses | Financial | US | A | 10 | 05/04/2023 | Bloomberg (Bloomberg Beta); King River Capital (lead), Bullpen Capital, Precursor Ventures, Tapestry VC, Sterling Road |
| Cranium | AI security technology developer | IT | US | N/A | 7 | 05/04/2023 | KPMG (KPMG Studio); SYN Ventures |
| Bacu | Technology-equipped restaurant chain | Consumer | Colombia | Seed | 6 | 29/03/2023 | Kamay Ventures; Benchstrenght Capital, Hof Capital, Reshape Ventures, H20 Capital Innovation, Simón Borrero, Felipe Villamarín, Ángela Acosta |
| Wamazing | Japan-focused tourism services platform | Services | Japan | C | 4.6 (updated) | 04/04/2023 | Sankei Building, Persol (Persol Venture Partners), Chugoku Electric Power Company; Higo Bank (Higin Capital II Investment Limited Partnership), Shiga Bank (Shigagin Local Revitalization SD Fund Investment Limited Partnership), Gogin Capital |
| Zero Cow Factor | Microbial dairy | Consumer | India | Seed | 4 | 05/04/2023 | Calidad Pascual (Pascual Innoventures); Green Frontier Capital (co-lead), GVFL (co-lead), Pi Ventures |
| TipHaus | Provider of hospitality tip distribution software | Financial | US | N/A | 3.5 | 03/04/2023 | Sugar Mountain; Fuse (lead), Bill Moore |
| Franklin | Developer of cross-border crypto payroll software | Financial | US | Seed | 2.9 | 05/04/2023 | Capital Markets Trading (CMT Digital) (co-lead), Arca; Gumi Cryptos (co-lead) |
| Phoska Biophar | Precision cancer therapeutics developer | Healthcare | Singapore | N/A | 1.2 | 06/04/2023 | Sprim (Sprim Ventures); Albrekca |
| Tokai Rika | Automotive interior technology manufacturer | Transport | Japan | N/A | N/A | 05/04/2023 | Tanaakk |