Funds
UK-based professional services firm Hakluyt has raised an undisclosed amount for the second close of growth-stage investment arm Hakluyt Capital fund. The unit focuses on companies at series B to D stage and is headed by managing partner Nick Bidmead.
M&A
Automotive component producer Lifelong India won an auction to acquire GoMechanic, an India-based car servicing platform backed by media group Bennett Coleman & Co (BCC), for an undisclosed amount. GoMechanic had raised a total of about $60m from investors including BCC ad-for-equity subsidiary Brand Capital but had reportedly cut its valuation to just $30m following revelations it misreported financial information.
Funding
UK-based staking protocol developer EigenLabs received $50m in series A funding from investors including Coinbase Ventures, the corporate venturing arm of cryptocurrency exchange Coinbase. The round, which took EigenLabs’ overall funding to $64.5m, was led by Blockchain Capital and also backed by Electric Capital, Polychain Capital, Hack VC and Finality Capital Partners.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Unibio | Sustainable protein producer | Consumer | Denmark | N/A | 25 | 30/03/2023 | Saudi Industrial Investment Group |
| Florence | Medical patient management platform | Healthcare | US | Seed | 20 | 30/03/2023 | Alphabet (GV) (co-lead), Salesforce (Salesforce Ventures) (co-lead); Thrive Capital (co-lead), Vast Ventures, BoxGroup, Atento Capital |
| Horizon Quantum Computing | Developer of quantum computing development tools | IT | Singapore | N/A | 18.1 | 31/03/2023 | Tencent; Sequoia Capital (Sequoia Capital India), SGInnovate |
| Li.Fi | Multichain liquidity and data platform | Financial | Germany | A | 17.5 | 31/03/2023 | Circle, Abra; CoinFund (co-lead), Superscrypt (co-lead), Bloccelerate, L1 Digital, Factor, Perridon Holdings (Perridon Ventures), Theta Capital, Three Point Capital, unnamed angel investors |
| Fixie | Language model software provider | IT | US | Seed | 17 | 30/03/2023 | Bloomberg (Bloomberg Beta); Redpoint Ventures (lead), Madrona Venture Group, Zetta Venture Partners, SignalFire, Kearny Jackson, unnamed private investors |
| Deepc | AI-equipped radiology technology developer | Healthcare | Germany | A | 13 | 30/03/2023 | Bertelsmann (Bertelsmann Investments); Sofinnova Partners (lead), Winning Mindset Ventures |
| Stratyfy | Lending evaluation software provider | Financial | US | N/A | 10 | 29/03/2023 | Truist (Truist Ventures) (co-lead), FIS; Zeal Capital Partners (co-lead), Mendon Venture Partners, The 98, Barry Glick |
| Anvil | Business paperwork automation platform | IT | US | A | 10 (updated) | 30/03/2023 | Alphabet (Gradient Ventures); Craft Ventures |
| Autio (HearHere) | Location-based audio entertainment platform | Media | US | Seed | 9.1 (updated) | 29/03/2023 | iHeartMedia, Cooley, Camping World; Stonks, Blue 9 Capital, Seraph Group, Eric Ries, Kern Venture Group, American Automobile Association, Pasadena Angels, unnamed others |
| Evoco | Plant-based material developer | Industrial | Canada | B | 8.9 | 24/03/23 | The Stewart Group; Demeter/Cycle Capital (Circular Innovation Fund) (lead), Export Development Canada |
| PxE Holographic Imaging | Holographic imaging camera developer | Consumer | Israel | Seed | 5.4 | 31/03/2023 | Koch Industries (Koch Disruptive Technologies), Merck Group (M Ventures) |
| Polytrade | Web3 trade protocol provider | Financial | Singapore | Seed | 3.8 | 31/03/2023 | Polygon (Polygon Ventures), CoinSwitch (CoinSwitch Ventures); Alpha Wave (lead), Matrix Partners, Singularity Ventures, GTM Ventures |
| Psychic VR Lab | 3D data-driven urban metaverse platform | Media | Japan | N/A | 3.8 | 31/03/2023 | J Front Retailing, Nippon Steel Kowa Real Estate, TV Asahi Holdings, JR West (JR West Innovations), Tokyu Fudosan (TFHD Open Innovation Program) |
| Abnormal Security | AI-based email security software provider | IT | US | N/A | N/A | 29/03/2023 | CrowdStrike (CrowdStrike Falcon Fund) |
| EverC | AI-equipped ecommerce analytics platform | Financial | US | N/A | N/A | 30/03/2023 | Kroll (& Opportunity Fund) |
| AdMeta | Web3 advertising platform | Media | Singapore | N/A | N/A | 30/03/2023 | XM Studios |
| HeadSpin | Digital experience testing platform | IT | US | N/A | N/A | 30/03/2023 | Atlassian (Atlassian Ventures) |
| PayPay Securities | Securities brokerage app developer | Financial | Japan | N/A | N/A | 31/03/2023 | PayPay Corporation, SoftBank, Mizuho Financial Group (Mizuho Securities) |
| Orphe | Provider of foot motion sensor technology | Healthcare | Japan | N/A | N/A | 31/03/2023 | Rohto Pharmaceutical |
