AAA Deal roundup: Our Next Energy’s $300m series B

Deal roundup: Our Next Energy’s $300m series B

White and Orange Gasoline Nozzle
White and Orange Gasoline Nozzle

Funding

Carmaker BMW’s corporate venturing arm, BMW i Ventures, took part in a $300m series B round for Our Next Energy, a US-based developer of advanced batteries for electric vehicles, valuing it at $1.2bn. Fifth Wall and Franklin Templeton co-led the round, which included Temasek, Riverstone Holdings, Coatue, AI Capital Partners, Sente Ventures, Breakthrough Energy Ventures, Assembly Ventures, Volta Energy Technologies and two undisclosed investors.

CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestors
Colossal BiosciencesDeveloper of extinct animal revival technology IndustrialUSB15031/01/2023Animoca Brands; United States Innovative Technology Fund (lead), Breyer Capital, WestRiver Group, Bob Nelsen, Animal Capital, Victor Vescovo, In-Q-Tel, Peak 6, Bold Capital, Jazz Ventures
EnkoProvider of crop health monitoring technology IndustrialUSC80 (updated)31/01/2023Nufarm, Rabobank (Rabo Food & Agri Innovation Fund); Fidelity (Eight Roads Ventures) (lead), Endeavor8, Akroyd, Anterra Capital, Taher Gozal, Bill & Melinda Gates Foundation, Finistere Ventures, Novalis LifeSciences, Germin8 Ventures, To Ventures Food, Endeavor8, Alumni Ventures Group
Q-CTRLQuantum computing software developerITAustraliaB52.4 (updated)31/01/2023Salesforce (Salesforce Ventures), Airbus (Airbus Ventures); Alumni Ventures, ICM Allectus, Mindrock Capital, Bill Lightfoot, John Eales, Data Collective, Horizons, Main Sequence Ventures, Ridgeline Partners, DCVC, Sequoia Capital China, Sierra Ventures, Square Peg Capital
MoovIntegrated payment software producerFinancialUSB4530/01/2023Visa; Commerce Ventures (lead), Andreessen Horowitz, Bain Capital (Bain Capital Ventures), Sorenson Capital (Sorenson Ventures), B3 Capital
NOCDObsessive compulsive-disorder treatment developerHealthcareUSN/A3401/02/2023Cigna (Cigna Ventures) (co-lead), Kaiser Permanente (Kaiser Permanente Ventures); 7wireVentures (co-lead), Longitude Capital, Fidelity (F-Prime Capital), Fidelity (Eight Roads Capital), Health Enterprise Partners
FreemodelHome renovation services providerServicesUSA19.531/01/2023Redwood Trust (RWT Horizons); QED Investors (lead), LL Funds, FJ Labs, 1984 Ventures, 1Sharpe Capital (1Sharpe Ventures), Crossbeam Venture Partners
Spartan RadarAutonomous car-focused sensor scanning technology developerTransportUSN/A1731/01/2023Microsoft; 8VC, IronGate Capital, Prime Movers Lab, MaC Venture Capital 
Nobl9Service-level observability platform for software developersITUSN/A15.831/01/2023ServiceNow, Cisco (Cisco Investments); Battery Ventures, CRV
Tingsheng TechnologyIntracardiac ultrasound device developerHealthcareChinaB14.829/01/2023Tasly (Tasly Capital); Qiming Venture Partners (lead), Huatai Zijin, Jishi Capital, Nanwan Baiao
NexusCreator of a financial support tool for game developersFinancialUSN/A1001/02/2023Sony (Sony Innovation Fund); Griffin Gaming Partners (lead), Valhalla Ventures, Pace Capital, S3 Ventures, CohhCarnage, Berleezy
TauCarbon-neutral winding wire producerIndustrialItalyN/A9.801/02/2023Solvay (Solvay Ventures) (lead), ArcelorMittal/Flemish region government (Finindus)
HypernativeProvider of AI-equipped crypto asset protection toolsFinancialIsraelSeed930/01/2023Blockdaemon, Alchemy, Nexo, Capital Markets Trading (CMT Digital); Boldstart Ventures (co-lead), IBI Tech Fund (co-lead), Charge Ventures, Borderless Capital
Rehab for JapanProvider of rehabilitation support software platform RehaplanHealthcareJapanD8.701/02/2023Japan Post (JP Investment) (co-lead), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital) (co-lead); unnamed existing investors
Fingerprint for SuccessBehavioural change web tool providerServicesAustraliaN/A3.531/01/2023Salesforce (Salesforce Ventures), ROCeteer; Investible (lead), Five V Capital, Lars Rasmussen, Melanie Perkins, Cliff Obrecht, Cameron Adams, Malcolm Turnbull, Roger Allen
Data TrainedData science-focused learning platformServicesIndiaN/A2.431/01/2023HT Media (Hindustan Media Ventures)
SmartyMeetAI-equipped online meeting platform ServicesPolandPre-Seed<1 ($230,000)31/01/2023Amazon (Amazon Web Services); LT Capital
SorabitoConstruction equipment rental serviceIndustrialJapanN/AN/A01/02/2023Persol (Persol Venture Partners)
KempusOnline higher education review platformServicesSingaporeSeedN/A31/01/2023Bithumb Korea
Nautical WingsProvider of drone rotor blade technology IndustrialIndiaN/AN/A27/01/2023IdeaForge

By Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.