M&A
Trading software provider Trading Technologies acquired AxeTrading, a UK-based fixed-income investment tool provider backed by renminbi-focused financial information aggregator Sumscope, for an undisclosed sum. The corporate joined International Finance Corporation and SixThirty to provide an undisclosed amount of series A funding for AxeTrading in 2020.
Public markets
ZKH Group, a China-based industrial maintenance product marketplace backed by corporates Legend Holdings, Tencent and Xiamen C&D, filed for an initial public offering on the New York Stock Exchange. It is reportedly seeking up to $200m from the IPO.
Funding
US-based contextual computing technology developer Humane received $100m in a series C round featuring software producer Microsoft as well as chipmaker Qualcomm, automotive manufacturer Volvo Cars and conglomerates SK Group and LG, the last four through Qualcomm Ventures, Volvo Cars Tech Fund Hico Capital and LG Technology Ventures respectively. The round was led by Kindred Ventures and also backed by Top Tier Capital, Hudson Bay Capital Tiger Global, Valia Ventures, Forerunner Ventures, Socium Ventures and private investors Lachy Groom and Sam Altman.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| The Believer Company | Open-world game developer | Media | US | A | 55 | 07/03/2023 | Riot Games; Lightspeed Venture Partners (lead), Andreessen Horowitz, Bitkraft Ventures, 1Up Ventures, Cleveland Avenue, Tornante Company |
| Envisics | Producer of holographic driving display technology | Transport | UK | C | 50 | 09/03/2023 | Stellantis, General Motors, Hyundai, Jaguar Land Rover; Tarsadia Investments |
| Toku | Token tax compliance and payroll platform developer | Financial | Japan | N/A | 20 | 08/03/2023 | Quantstamp, Protocol Labs, Orrick; Blockchain Capital (lead), GMJP, OrangeDAO, Reverie, Next Web Capital, Juan Benet, Nikil Viswanathan, Joe Lau |
| Geothermal Engineering | Geothermal power project developer | Energy and Natural Resources | UK | N/A | 17.9 | 08/03/2023 | Thrive Renewables; Kerogen Capital |
| ONL Therapeutics | Retinal disease therapy developer | Healthcare | US | C | 15 | 08/03/2023 | Johnson & Johnson (Johnson & Johnson Innovation – JJDC); Bios Partners (lead), Visionary Ventures, Alpine Visionary Ventures, Mayewell Capital, Kaitai Capital, PSQ Capital, Michigan Capital Network Venture Fund III, ExSight Ventures, University of Michigan (Mints), Western Michigan University (Biosciences Research & Commercialization Center), Capital Community Angels |
| Starfish Space | Developer of orbital spacecraft Otter | Industrial | US | N/A | 14 | 08/03/2023 | Munich Re (Munich Re Ventures) (lead), Toyota (Toyota Ventures); PSL Ventures, NFX, MaC VC |
| Yoti | Digital identity authentication platform | IT | UK | N/A | 11.9 | 09/03/2023 | Lloyds Banking Group |
| Tilt | Emloyee leave management platform | Services | US | A | 10 | 06/03/2023 | Hartford Insurance; Origin Ventures (lead), Firework Ventures |
| Rebel Girls | Girl-focused media brand | Media | US | A | 8 | 06/03/2023 | Penguin Random House (lead); Joan Jett |
| iQPS | Small satellite technology developer | Industrial | Japan | N/A | 7.3 | 09/03/2023 | Sky Perfect JSAT Group, Nippon Koei, Mitsui Sumitomo Insurance (Mitsui Sumitomo Insurance Venture Capital); Namy/Ibis Capital Partners (Real Tech Growth Fund) |
| Baims | Digital educational materials provider | Services | Kuwait | A | 4 | 08/03/2023 | AK Holding (lead), Al-Wazzan Educational Group; Rasameel Investment House, unnamed others |
| EtherMail | Encrypted Web3 email service | Services | Spain | Pre-A | 4 | 06/03/2023 | MS&AD (MS&AD Ventures); Tim Draper (co-lead), Draper Associates (co-lead) |
| Tensor | Solana-based NFT trading platform | Financial | Canada | Seed | 3 | 07/03/2023 | Solana (Solana Ventures); Placeholder (lead), Alliance DAO, Big Brain Holdings, Anatoly Yakovenko, Raj Gokal |
| DexMat | Advanced carbon nanomaterial manufacturer | Industrial | US | Seed | 3 | 08/03/2023 | Shell (Shell Ventures) (lead); Overture Ventures, Climate Avengers, an unnamed energy company, several angel investors |
| 4intelligence | Developer of automation technology for AI and machine learning algorithms | IT | Brazil | A | 2.1 | 28/02/2023 | Bradesco (Bradesco Private Equity & Venture Capital); Fernando Steler |
| CanSense | Blood-based diagnostic test developer for bowel cancer detection | Healthcare | UK | N/A | 1.8 | 09/03/2023 | Nonacus; Mercia Asset Management, Development Bank of Wales |
| Aica | Robotics technology provider | Industrial | Switzerland | Seed | 1.3 | 08/03/2023 | Schaeffler Group; Spicehaus Partners, High-Tech Gründerfonds |
| Rankmi | Human resources software provider | Services | Chile | A | N/A | 01/03/2023 | SoftBank (SoftBank Latin America Fund) (lead) |
| Rolling Energy Resources | Load management software provider for electric vehicles | Energy and Natural Resources | US | N/A | N/A | 07/03/2023 | Generac Power Systems |
| Orderly Health | Provider of healthcare data management software | Healthcare | US | N/A | N/A | 07/03/2023 | Jogan Health; Denver Angels |
| Alpha Fusion | Astatine-based radiopharmaceuticals developer | Healthcare | Japan | N/A | N/A | 08/03/2023 | Sumitomo (Sumitomo Heavy Industries) |
| Redcliff | Drone show operator | Industrial | Japan | N/A | N/A | 09/03/2023 | Digital Garage (Open Network Lab’s Earthshot Fund); Drone Fund, an unnamed company |
| Curelabo | Upcycled fibre developer | Industrial | Japan | N/A | N/A | 09/03/2023 | FCC |
| ThaiGPT | AI-focused language model developer | IT | Thailand | N/A | N/A | 08/02/2023 | Bitkub |
| CrediLinq.Ai | Embedded finance technology developer | Financial | Singapore | Seed ext. | N/A | 08/02/2023 | MS&AD (MS&AD Ventures) (lead); Big Sky Capital, 1982 Ventures, 500 Global, White Venture Capital, Sketchnote Partners, Plug and Play, Arkana Ventures, Sequoia Sprouts |
| Latchel | Property management digitalisation platform | Services | US | N/A | N/A | 08/03/2023 | Allegion (Allegion Ventures) |
| MultiLynq | Fixed income trading integration platform | Financial | US | N/A | N/A | 08/03/2023 | Citadel Securities, Jane Street Capital |
| Arrows | Customer onboarding and sales platform | Services | US | N/A | N/A | 08/03/2023 | HubSpot (HubSpot Ventures), Alphabet (Gradient Ventures); GTMfund, Alumni Ventures, Ride Home Ventures |
