M&A
Battery technology developer Recharge Industries acquired Britishvolt, a UK-based automotive battery cell provider backed by commodity trading and mining group Glencore and shipping firm Scorpio Group, for an undisclosed amount. Glencore invested $54m in the company in February 2022 before Scorpio added an undisclosed sum three months later.
Funding
US-based autonomous drone manufacturer Skydio received $230m in series E funding from investors including industrial technology producer Siemens’ Next47 unit, mobile network operator Docomo and graphics chipmaker Nvidia. The round, which was led by Linse Capital, valued Skydio above $2.2bn and included Andreessen Horowitz, IVP, Walton Family Foundation and UP.Partners.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Immorna | Messenger RNA-based therapy and vaccine developer | Healthcare | China | A | 115 (updated) | 27/02/2023 | Yuexiu Enterprises (Yuexiu Fund), Xiamen C&D (Xiamen C&D Emerging Industry Equity Investment); China Structural Reform Fund, Hillhouse Capital Group (GL Ventures), Zhenji Capital, TigerYeah Capital, China Growth Capital, Co-win Ventures, Zheshang Venture Capital |
| Durapower Holdings | Lithium-ion battery manufacturer | Energy and Natural Resources | Singapore | N/A | 70 | 27/02/2023 | Banpu (Banpu Next) |
| Typeface | Developer of generative AI-based content creation software | IT | US | N/A | 65 | 27/02/2023 | Microsoft (M12), Alphabet (GV); Lightspeed Venture Partners, Menlo Ventures |
| NowCoder | Programmer recruitment platform developer | Services | China | B | 50 | 26/02/2023 | 58.Com (Pegasus Capital); Sequoia (Sequoia Capital China), Tiger Global, 5Y Capital, Shunwei Capital |
| Puzzle Medical Devices | Minimally invasive heart pump developer | Healthcare | Canada | A | 25 | 27/02/2023 | Cordis/Ajax Health/Hellman & Friedman/KKR (Cordis-X) (lead); Longview Ventures, Desjardins Capital, Business Development Bank of Canada (BDC Capital’s Thrive Venture Fund), unnamed existing investors |
| HaoDyne Technology | Lithium-ion battery materials producer | Energy and Natural Resources | US | A | 21.5 | 27/02/2023 | Great Wall Motors (Svolt Capital) (lead), Eve Energy, Amperex Technology; Oriental Fortune Capital, CoStone Capital, Guohai Innovative CCI Capital, Hedge VC |
| SepPure Technologies | Chemical membrane technology developer | Industrial | Singapore | A | 12 | 27/02/2023 | Anji Microelectronics, ESP Shipping (EPS Ventures); SOSV (lead), RealTech Fund, Enterprise Singapore (Seeds Capital), unnamed others |
| Koios | Provider of clinical decision support software | Healthcare | US | B | 8 | 17/02/2023 | Mitsui & Co (MBK Healthcare Management) (lead) |
| Angiodroid | Developer of carbon dioxide-focused angiographic imaging technology | Healthcare | Italy | A | 7.4 | 27/02/2023 | Air Liquide (Air Liquide Venture Capital); CDP Venture Capital (Evolution Fund) (lead), 8a+ Investment SGR |
| Vouched | Provider of AI-equipped identity verification software | IT | US | N/A | 6.3 | 27/02/2023 | BHG Financial (BHG VC) (co-lead); SpringRock Ventures (co-lead), Darrell Cavens, Mark Vadon |
| Tricog Health | Predictive healthcare analytics platform | Healthcare | Singapore | C | 5 | 28/02/2023 | Sony (Sony Innovation Fund); SGInnovate, University of Tokyo (University of Tokyo Edge Capital Partners) |
| Osiro | Creator and artist-focused online community | Media | Japan | A | 3.8 | 28/02/2023 | Toppan Printing (lead), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), United, Sazaby League, Asahi Broadcasting Corporation (ABC Dream Ventures), Combo, Nasu; Aozora Bank (Aozora Corporate Investment), two unnamed investors |
| Movius | Provider of mobile communication security software | Telecoms | US | N/A | N/A | 24/02/2023 | T-Mobile (T-Mobile Ventures) |
| Immuta | Data security technology developer | IT | US | E | N/A | 27/02/2023 | ServiceNow |
| Swedish Biofuels | Developer of biogenic jet fuel production technology | Transport | Sweden | N/A | N/A | 28/02/2023 | Mitsubishi Corporation |
