Fund
French cosmetics producer L’Oréal’s Bold unit supplied an undisclosed sum for DSG Consumer Partners IV, a fund run by India and Southeast Asia-focused investment firm DSG Consumer Partners. The fund is reportedly sized at about $125m.
M&A
Motor insurer Direct Line Group acquired By Miles, a UK-based flexible car insurance provider backed by carmaker Jaguar Land Rover and financial services firm CommerzBank, for an undisclosed sum. The company had raised more than $26m in total, as of an $18.3m series B round led by corporate venture capital unit CommerzVentures in 2020.
Dog food provider Butternut Box paid an undisclosed amount to buy Poland-based peer PsiBufet having taken part in the company’s PLN5m ($1.3m) seed round in early 2021.
Public markets
XJet, an Israeli 3D printing technology provider that counts architectural software developer Autodesk, printing technology producer Landa Digital Printing and high-tech equipment manufacturer Spirox among its investors, filed for an $8m initial public offering on the Nasdaq Stock Exchange.
Funding
US-based savings app provider Super.com raised $85m in series C funding from investors including Telstra Ventures, the venture firm spun off by telecommunications firm Telstra. The round was led by Inovia Capital and also featured Hyphen Capital, EDC, Plaza Ventures, Acrew, Lion Capital, Full In Partners and private investors Harley Finkelstein, Deb Liu, Allen Shim, Josh Proctor, Chris Best, Neha Narkhede, Mike Lee and Stephen Curry.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Weaviate | Open-source vector database provider | IT | Netherlands | B | 50 | 21/04/2023 | ING (ING Ventures); Index Ventures, Battery Ventures, NEA, Cortical Ventures, Zetta Venture Partners |
| Avalanche Energy | Micro-fusion reactor developer | Energy and Natural Resources | US | A | 40 | 24/04/2023 | Autodesk, Toyota (Toyota Ventures); Lowercarbon Capital (lead), Founders Fund, Congruent Ventures, Grantham Foundation, Clear Path, MCJ Collective, Climate Capital Syndicate |
| Luup | Electric kickboard developer | Transport | Japan | N/A | 33.6 | 25/04/2023 | Chishima Real Estate, Mitsui Fudosan (31Ventures), GMO Internet Group, Zenrin (Zenrin Future Partners), Mori Trust; Mitsubishi UFJ (Mitsubishi UFJ Capital), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), Anri, Spiral Capital, Chiba Dojo (Chiba Dojo Fund), i-Nest Capital, SMBC Nikko Securities, Green Co-Invest, Mitsubishi UFJ Trust and Banking Corporation, unnamed company |
| Inshur | Digital insurance platform | Financial | US | N/A | 26 | 24/04/2023 | Munich Re (Munich Re Ventures); Jerusalem Venture Partners, MTech Capital, Viola Group (Viola Fintech) |
| Community | Text message-based communications and engagement app developer | IT | US | N/A | 25 | 24/04/2023 | Salesforce (Salesforce Ventures), HubSpot, Verizon (Verizon Ventures), Golden State Warriors (GSW Ventures); Pier 70 Ventures, Backstage Capital, Wocstar Fund, Morgan Stanley (Morgan Stanley Next Level Fund) |
| Haltian | Provider of consumer product development services | Consumer | Finland | N/A | 24.2 | 24/04/2023 | Varma Mutual Pension Insurance Company, Ventic; Mandatum Asset Management (Mandatum Asset Management Growth Equity II Fund) (lead), Tesi, Inventure |
| Katmai | Cloud-based 3D video conferencing platform | Services | US | A | 22 | 24/04/2023 | Starr Global Holdings (Starr Insurance Companies) (lead); Sidney Rice |
| Riverlane | Quantum computing software provider | IT | UK | B | 18.6 | 24/04/2023 | Altair; Molten Ventures (lead), Cambridge Innovation Capital, Amadeus Capital Partners, British Business Bank (National Security Strategic Investment Fund) |
| VoltServer | Power distribution product developer | Energy and Natural Resources | US | B | 17.5 | 19/04/2023 | Constellation Energy (Constellation Technology Ventures), Southwire Company; Marker Hill Capital (lead), RightHill Ventures, Clean Energy Venture Group |
| Lokal | Local online classifieds listings and content platform | Media | India | B | 14.6 | 25/04/2023 | Sony (Sony Innovation Fund); Global Brain, India Quotient, unnamed existing investors |
| Neteera Technologies | Patient monitoring technology provider | Healthcare | Israel | B | 13 | 25/04/2023 | Ankor Holding, Omega Healthcare Investors; Aescuvest (lead), Nanz Family Office, Esas Holding (Esas Private Equity) |
| MetaGravity | Blockchain and metaverse gaming infrastructure developer | IT | UK | Seed | 9.5 | 21/04/2023 | Moonpay, Project Godijra, Perridon Holdings; Sino Global, Spartan Group, Market One Capital, Gravity Fund, Pancasila, Ex-Capital, Mulana, Cogitent Ventures, Agrippa Capital, K5 Global Ventures |
| InfiniDome | Developer of anti-jamming software for drone and vehicle GPS systems | IT | Israel | A | 9 | 24/04/2023 | Hanwha Group (Hanwha Aerospace) (lead), Honeywell (Honeywell Ventures); Next Gear Ventures |
| Bixby | Credit information provider for loan issuers | Financial | US | A | 5.5 | 24/04/2023 | Hearst/Fitch Group (Fitch Ventures) (lead) |
| Teahouse Finance | Decentralised asset management platform | Financial | Taiwan | N/A | 5 | 24/04/2023 | Perpetual Protocol; AppWorks (lead), Pantera Capital, NGC Ventures |
| Agnavi | Owner of Japanese sake brands Ichi-Go-Can and Canapi | Japan | Seed | N/A | 25/04/2023 | JR East (JR East Start Up), Tokyo Seikan Group; Mitsubishi UFJ (Mitsubishi UFJ Capital), Japan Finance Corporation, Shoko Chukin Bank |
