M&A
Cloud-based VAT software provider Taxually has acquired LumaTax, a US-based enterprise tax automation platform backed by professional services firm KPMG, for an undisclosed amount. The corporate was part of a $4m round for LumaTax in mid-2021 that increased its overall funding to $11m.
Funding
InfoGrid, the UK-based creator of a software platform that uses artificial intelligence to automate building management, secured $90m in series B equity funding and $30m in debt financing from investors including telecommunications and internet group SoftBank’s Vision Fund 2 and real estate services provider JLL, which contributed through corporate venture capital unit JLL Spark. The corporates were joined by Original Capital, Northzone, The Venture Collective, Committed Capital, Pictet and unnamed others.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Alentis Therapeutics | Organ fibrosis tumour treatment developer | Healthcare | Switzerland | C | 105 | 13/04/2023 | Novo Nordisk (Novo Holdings); Jeito Capital (lead), RA Capital Management, Pureos Bioventures, BPIfrance (InnoBio 2), Schroders Capital |
| Cybersyn | Market intelligence data provider | IT | US | A | 62.9 | 12/04/2023 | Snowflake (lead); Coatue, Sequoia Capital |
| Hometree | Renewable energy system installer | Energy and Natural Resources | UK | B | 46 | 12/04/2023 | Legal & General (Legal & General Capital), CEZ Group (Inven Capital); 2150.vc (co-lead), Energy Impact Partners (co-lead), Oxford Capital, FJ Labs, Aenu, Frank Straus |
| Wellesta | Pharmaceutical distributor | Healthcare | Singapore | B | 37.5 | 12/04/2023 | Mitsui (lead); Japan Bank for International Cooperation |
| Wheeler Bio | Contract therapeutic antibody developer | Healthcare | US | A | 31 | 13/04/2023 | Charles River Laboratories (co-lead), Atum, Alloy Therapeutics; Echo Investment Capital (co-lead), Floating Point Advisors, Pine Ridge Ventures, i2E (Plains Venture Partners), Seagull Capital |
| AutoLeap | Business management software provider for auto repair shops | Transport | Canada | B | 30 | 11/04/2023 | Advance Publications (Advance Venture Partners) (lead); Bain Capital Ventures, Threshold Ventures |
| Function Oncology | Precision cancer medicine developer | Healthcare | US | A | 28 | 12/04/2023 | Alexandria Real Estate Equities (Alexandria Venture Investments); Andreessen Horowitz (co-lead), Section 32 (co-lead), Casdin Capital |
| Emrgy | Modular hydroelectric technology provider | Energy and Natural Resources | US | A | 18.4 | 11/04/2023 | Veriten; Oval Park Capital (lead), Fifth Wall, Overlay Group (Overlay Capital), Blitzscaling Ventures |
| Scene Health (formerly Emocha) | Remote medication management platform | Healthcare | US | B | 17.7 | 12/04/2023 | CareFirst BlueCross BlueShield (Healthworx); ABS Capital Partners (lead), Claritas Capital (Claritas Health Ventures), PTX Capital, Kapor Capital |
| Sprout Solutions | Human resources and payroll software producer | Services | Philippines | B | 10.7 | 14/04/2023 | SoftBank (SoftBank Ventures Asia), MyNavi; Cercano Management (lead), AFG Partners, GSR Ventures, Integra Partners, ACA Partners (ACA Investments) |
| Brassica Technologies | Enterprise-focused digital asset infrastructure developer | Financial | US | Seed | 8 | 11/04/2023 | Neowiz; Mercury Fund (lead), Valor Equity Partners, Long Journey Ventures, NGC Fund, Broadhaven Ventures, Armyn Capital, VC3DAO, Alpha Asset Management |
| Rupert | Analytics distribution software producer | IT | US | Seed | 8 | 12/04/2023 | Citi (Citi Ventures); Cortical Ventures (co-lead), IA Ventures (co-lead), Joule Ventures, Christopher Lynch, Jake Stein, Bob Moore, unnamed other private investors |
| Kintra Fibers | Biodegradable polyester developer | Industrial | US | A | 8 | 12/04/2023 | H&M Group (lead), Bestseller (Invest FWD); Fashion for Good, Empire State Development (New York Ventures), TRE Ventures, Tech Council Ventures, FAB Ventures |
| Social Future | Intelligent social metaverse developer | Media | Singapore | N/A | 6 | 06/04/2023 | Dimension.im (Mask Network); SNZ, Everest Venture Group, Folius Ventures, Y2Z Ventures, Tess Ventures, Stratified Capital, Mindfulness Capital |
| Solasta Bio | Sustainable insecticide developer | Industrial | UK | A | 5 | 11/04/2023 | Wilbur-Ellis (Cavallo Ventures); Yield Lab Europe (lead), Rubio Impact Ventures, Scottish Enterprise, Social Investment Scotland (SIS Ventures), UK Innovation & Science Seed Fund, private investors |
| Hug | Digital art-focused NFT marketplace | Financial | US | Seed | 5 | 12/04/2023 | OKX (OKX Ventures), L’Oréal (BOLD); Digital (lead), Venrex, Jae Holdings, Cryptology Asset Group, Samara, AS Sons |
| Skarper | Bicycle electrification system developer | Transport | UK | N/A | 4.9 | 12/04/2023 | Starry Group (co-lead); Mobilitech Capital (co-lead), unnamed angel investors |
| Finst | Cryptocurrency exchange platform | Financial | Netherlands | Seed | 4.4 | 05/04/2023 | Sentillia (lead) |
| Kuberno | Governance management software developer | Financial | UK | A | 4.4 | 12/04/2023 | Nasdaq (Nasdaq Ventures) (lead), XYO, Mysterium Network; CV VC, Mulana Capital, Blockarm Capital, Techstars, Plug and Play (Plug and Play Ventures), CoinIX Capital |
| CAT Labs | Online forensic and cybersecurity tool developer | IT | US | Pre-seed | 4.3 | 12/04/2023 | Capital Markets Trading Group (CMT Digital) (co-lead), Cryptoverse (Cryptoverse Ventures); Castle Island Ventures (co-lead), Brevan Howard (Brevan Howard Digital) (co-lead), Raptor Group (RW3 Ventures) (co-lead), Newark Venture Partners, Hash3, Borderless Capital, Outshine Ventures |
| Verz Design | Web design agency | Media | Singapore | N/A | 2 | 11/04/2023 | Meetsocial |
| Gleevery | Enterprise circular economy platform | Consumer | Poland | N/A | 1.7 | 11/04/2023 | Yes.pl, BRE Ubezpieczenia, PayPo, Tutlo, Vedion; Aleksandra Friedel, Adam Radzki |
| Patientory | Blockchain health data management platform | Healthcare | US | Pre-seed | 1.5 | 06/04/2023 | R/GA (R/GA Ventures), Moda Health, GSK, Novartis, Colorado Permanente Medical Group; BackStage Capital, Arlan Hamilton, Expert Dojo, American Heart Association |
| BetterTradeOff | Digital financial advice platform | Financial | Singapore | N/A | N/A | 13/04/2023 | Standard Chartered (SC Ventures) |
| Virtonomy | Data-driven simulation technology developer | IT | Germany | N/A | N/A | 12/04/2023 | Accenture (Accenture Ventures) |
| Fingerlabs | Blockchain technology subsidiary of media group FSN | Financial | South Korea | A | N/A | 10/04/2023 | Wemade Play; unnamed VCs |
| Safeheron | Digital asset self-custody platform | Financial | Singapore | Pre-A | N/A | 07/04/2023 | Wanxiang (HashKey Capital) (co-lead), Bixin (Bixin Ventures) (co-lead) |
| DTP Education Solutions | Textbook publisher | Services | Vietnam | N/A | N/A | 12/04/2023 | Gakken |
| Utility Innovation Group | Decentralised energy and microgrid system developer | Energy and Natural Resources | US | N/A | N/A | 11/04/2023 | Volvo Group (Volvo Penta) |
| Raspberry Pi | Small single-board computer developer | IT | UK | N/A | N/A | 12/04/2023 | Sony (Sony Semiconductor Solutions Corporation) |
| Climax Foods | Plant-based cheese substitute developer | Consumer | US | N/A | N/A | 11/04/2023 | The Bel Group |
| Pria | Provider of in-home care management tools for chronic conditions | Healthcare | US | N/A | N/A | 11/04/2023 | InterSystems Corporation |
| Cakap | Online and offline education provider | Services | Indonesia | C1 | N/A | 13/04/2023 | Telkom Indonesia (MDI Ventures); Heritas Capital |
| Fivvy | Personalised banking software producer | Financial | US | N/A | N/A | 12/04/2023 | Globant (Globant Ventures) |
| Reactional Music | Game-focused music provider | Media | Vietnam | Pre-A | N/A | 11/04/2023 | Amanotes (co-lead); Butterfly Ventures (co-lead), Kelly Sumner |
