22 November 2021 – Braze Breaches Public Markets in $520m IPO

Braze breaches public markets in $520m IPO

US-based customer engagement technology provider Braze floated on the Nasdaq Global Select Market in a $520m IPO, marking an exit for financial services firm Citi.

Expensify executes $302m initial public offering

Expensify, the US-based expense management software producer backed by cybersecurity services provider Barracuda Networks, closed its own IPO at $302m.

SoundHound sorts out $2.1bn reverse merger

SoundHound, a US-based voice intelligence software provider backed by corporates Tencent, Daimler, Hyundai, Midea Group, Orange, Sompo, Samsung, Nvidia and Recruit, agreed to list through a reverse takeover with Archimedes Tech SPAC Partners Co at a pro forma valuation of $2.1bn.

Gett hails reverse merger deal

Israel-based ride hailing service Gett, which counts carmaker Volkswagen and conglomerate Access Industries as backers, agreed to a $1bn reverse takeover with special purpose acquisition company Rosecliff Acquisition Corp I.

Lacework leans into $1.3bn

Cybersecurity software provider Lacework received $1.3bn in funding from investors including data software producer Snowflake and mass media group Liberty Global.

Gemini signs up for $400m round

Cryptocurrency trading and storage platform developer Gemini secured $400m in funding from investors including financial services firm Commonwealth Bank of Australia, with Morgan Creek Capital’s Morgan Creek Digital subsidiary leading the round at a $7.1bn valuation.

Forte blocks in $725m in funding

Blockchain gaming technology developer Forte, which provides blockchain technology that enables game developers to create internal economies for video games through NFTs, raised $750m in a series B round backed by multiple gaming and media corporates.

Expel gets series E $140m injection

Internet and technology group Alphabet’s growth-stage investment vehicle, CapitalG, co-led a series E round for US-based cybersecurity technology developer Expel sized at over $140m.

FBN harvests $300m in funding

Online farmer network platform Farmer’s Business Network (FBN) raised $300m in a series G round featuring food processing and commodities trading company ADM and internet and technology conglomerate Alphabet, which invested respectively through their ADM Ventures and GV units.

3one4 Capital takes Krafton-backed fund to $135m

India-based venture capital firm 3one4 Capital aims to roughly double the size of a third fund, backed by game developer Krafton, to approximately $202m.

Corporates bet on $100m Bits x Bites fund

China-based agriculture and food-focused venture capital firm Bits x Bites has closed its second fund at $100m with backing from corporates Esco Lifesciences, Syngenta, Adisseo and Wilbur Ellis.


“Funky Chunk” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0

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