Bankruptcy
The Central Jakarta district court has declared the bankruptcy of CoHive, an Indonesia-based coworking space operator backed by corporates Sinar Mas, SoftBank, Naver and Line (Line is now under Z Holdings, a holding company owned by SoftBank and Naver). It had raised a total of almost $38m as of 2019.
Funding
China-based solar cell manufacturer SolarSpace has raised a total of RMB3bn ($443m) across series B and pre-initial public offering rounds, PEdaily reported. Chemicals conglomerate Sinochem’s corporate venturing arm, Sinochem Capital, took part in the round, as did Shaanxi Shantou Capital Management’s EBI Investment unit and Yingke PE.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Fever | Live-entertainment discovery platform | Media | US | N/A | 110 | 06/02/2023 | Pernod Ricard (Convivialité Ventures); Goldman Sachs (lead), Eurazeo, Goodwater Capital, Alignment Growth, Vitruvian Partners, Smash Capital |
| Zeitview (formerly DroneBase) | Drone imagery technology developer | Industrial | US | N/A | 55 | 07/02/2023 | Hearst (Hearst Ventures); Valor Equity Partners (lead), Union Square Ventures, Upfront Ventures, Euclidean Capital, Energy Transition Ventures |
| Baseconnect | Sales support data platform | IT | Japan | B | 41 | 07/02/2023 | Z Holdings (Z Venture Capital) (lead), Japan Post (Japan Post Capital), Uzabase, Salesforce (Salesforce Ventures), NTT Docomo (NTT Docomo Ventures), En Japan; Jafco, Kyoto Shinkin Bank (Kyoshin Innovation C Fund), undisclosed other investors (equity); Mizuho Bank, Mitsubishi UFJ Bank, Bank of Kyoto, Kiyo Bank, Japan Finance Corporation, Shoko Chukin Bank (debt) |
| IgGenix | Peanut allergy treatment developer | Healthcare | US | B | 40 | 06/02/2023 | Alexandria Real Estate Equities (Alexandria Venture Investments) (lead), Eli Lilly; Khosla Ventures, Sean Parker, AllerFund |
| Magic | Developer of software code generation technology | IT | UK | A | 23 | 06/02/2023 | Alphabet (CapitalG); Nat Friedman, Elad Gil, Amplify Partners, Noam Brown, Mehdi Ghissassi, Bryan Pellegrino, Arthur Breitman, 10x Founders, Adam Jafer & Fredrik Hjelm, Klaudius Kalcher & Roland Boubela, Xavier Sarras, Florian Huber, Daniel Dippold |
| Toggle | Provider of automation technology for manufacturing construction materials | Industrial | US | A | 11 (Updated) | 02/02/2023 | Tokyu Construction; Tribeca Venture Partners, Blackhorn Ventures, Point72 Ventures, Twenty Seven Ventures, Empire State Development (New York Ventures) |
| VflowTech | Vanadium-based redox flow battery developer | Energy and Natural Resources | Singapore | A | 10 | 07/02/2023 | İnci Holding; RealTech Holdings (co-lead), Seeds Capital (co-lead), Wavemaker Partners (co-lead), Sing Fuels (co-lead), Michael Gryseels (co-lead), Pappas Capital, Carbon Zero Venture Capital |
| Aba | Nursing robotics technology developer | Services | Japan | N/A | 9.1 | 07/02/2023 | T&D Holdings (T&D Innovation Fund), Hakuhodo DY (Hakuhodo DY Future Design Fund), Sony (Sony Innovation Fund), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), Sintokogio, Asahi Broadcasting Group (Social Interaction Design Fund); i-Nest Capital, Ikemori Venture Support, Mistletoe Japan |
| Peggy | Contemporary art marketplace | Consumer | Canada | N/A | 8 | 07/02/2023 | Z Holdings (Z Venture Capital) (co-lead); Real Ventures (co-lead), Garage Capital (co-lead), Portage (co-lead), Nomad Capital (co-lead), Bob Harding, David Marcus, Tinie Tempah |
| Skipperi | Boat share subscription and rental service | Transport | Finland | A | 7.5 | 07/02/2023 | Yamaha Motor (lead); Baltiska Handels Sverige, Matu Capital, HP Capital |
| Cellvie | Mitochondrial transplantation technology developer | Healthcare | US | N/A | 5.5 | 06/02/2023 | Taiho (Taiho Ventures) (lead); Kizoo Technology Capital |
| HowNow | Employee onboarding and training platform | Services | UK | A | 4.7 | 07/02/2023 | Pearson (Pearson Ventures); Mercia Asset Management |
| WizWe | Operator of language learning platform Smart Habit | Services | Japan | N/A | 4.1 | 07/02/2023 | M3, Suntory, Direct Marketing Mix, Fusion Marketing, AI Cross (AIX Tech Ventures); Mobile Internet Capital |
| Nodus Oncology | DNA damage response molecule developer | Healthcare | UK | N/A | 2.9 | 07/02/2023 | Cumulus Oncology (co-lead); Khanu Management (Khan Technology Transfer Fund I) (co-lead) |
| Overworld | Digital collectible-equipped multiplayer gaming studio | Media | UK | N/A | 2.5 | 06/02/2023 | Xterio |
| Smart Green Shipping | Developer of wind-powered shipping technology | Transport | UK | N/A | 1.6 | 06/02/2023 | Mitsui OSK Lines (MOL Drybulk); Scottish Enterprise |
| Flatfee | Legal and administrative services marketplace | Services | US | N/A | <1($900,000) | 03/02/2023 | Bixin (Bixin Ventures) (co-lead); Zino Ventures (KungHo Fund) (co-lead) |
