18 April 2022 – Epic Games scores $2bn in corporate funding

Epic Games scores $2bn in corporate funding

Consumer electronics group Sony and toy brand Lego’s parent company Kirkbi each invested $1bn in US-headquartered video game producer Epic Games at a $31.5bn valuation.

SoftBank to spin off Latin America fund

Internet and telecommunications group SoftBank announced it is spinning off its Latin America Fund into an independent vehicle called Upload Ventures.

Gaojing gathers $251m in series A funding

China-headquartered solar wafer producer Guangdong Gaojing Solar Energy Technology has raised $251m in a series A round featuring solar cell provider Shanghai Aiko Solar Energy and home appliance manufacturer Midea.

Voyager Innovations sails to $210m

Philippines-based financial technology app developer Voyager Innovations received $210m in a funding round led by quantitative trading firm Susquehanna International Group.

Pax8 tacks on $185m

Pax8, the US-based operator of an online marketplace for cloud software products, secured $185m in a funding round led by SoftBank’s Vision Fund 2 at a $1.7bn valuation.

Nord Security raises $100m in first external round

Lithuania-based internet privacy and security software provider Nord Security secured $100m from investors including media company Hubert Burda in its first external round.

Perforce pursues Puppet acquisition

Software development tool provider Perforce agreed to acquire US-based software automation technology developer Puppet for an undisclosed sum, allowing corporates Cisco, VMWare and Alphabet to exit.

Robert Bosch fires off Five acquisition

Industrial technology manufacturer Robert Bosch agreed on acquire UK-based autonomous driving technology developer Five for an undisclosed sum, providing exits for conglomerate Sistema and insurance provider Direct Line.

Northwell brings forth $100m healthcare incubator

US-based healthcare provider Northwell Health launched a healthcare company building platform called Ascertain with venture studio Aegis Ventures.


“Funky Chunk” Kevin MacLeod (incompetech.com)
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11 April 2022 – AMD to pick up Pensando for $1.9bn

AMD to pick up Pensando for $1.9bn

Semiconductor producer AMD agreed to acquire US-based edge computing technology provider Pensando in a $1.9bn deal.

Bolt ties on $1.5bn Wyre purchase

Online checkout software provider Bolt agreed to buy US-based cryptocurrency payment technology developer Wyre in a $1.5bn transaction.

ACA to land majority of BitFlyer

Private equity firm ACA Group has agreed to buy a majority stake in Japan-based cryptocurrency exchange BitFlyer for up to $370m.

Fanatics sports $1.5bn in latest round

Sporting association the National Football League has invested $320m to lead a $1.5bn funding round for US-based online sports memorabilia retailer Fanatics.

Climeworks clasps $646m

Switzerland-headquartered carbon capture technology provider Climeworks revealed it has agreed to raise $646m of equity funding from investors including reinsurance firm Swiss Re.

Near Protocol nets $350m at $10bn valuation

Blockchain deployment platform developer Near Protocol has secured $350m from investors including cryptocurrency exchange FTX’s corporate venturing arm, FTX Ventures.

Grover to grow with $330m series C

Germany-based electronics rental service Grover received $330m in debt and series C equity financing from investors including insurance provider Assurant, media company ProSiebenSat.1 and electronics manufacturer LG.

Softbank helps send $300m to Remote

SoftBank’s Vision Fund 2 led a $300m series C round for Remote, a provider of remote work management tools, at a valuation of $3bn.

Fetch Rewards retrieves $240m

US-based consumer loyalty platform provider Fetch Rewards secured $240m in equity and debt from investors including SoftBank’s Vision Fund 2, mass media company TelevisaUnivision and media data provider NielsenIQ.

Binance.US rakes in $200m

Binance.US, the US-based spinoff of cryptocurrency exchange Binance, secured $200m in seed funding from investors including digital payment platform developer Circle.

SoftBank to slow investment pace

SoftBank is reportedly set to cut down its rate of investment as share prices in tech companies continue to dwindle.


“Funky Chunk” Kevin MacLeod (incompetech.com)
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04 April 2022 – Instacart snips valuation to $24bn

Instacart snips valuation to $24bn

US-based online grocery delivery service Instacart, which is backed by corporates American Express, Comcast and Amazon, is cutting its valuation from $39bn to $24bn.

GoTo gets $1.1bn in initial public offering

GoTo Group, the Indonesia-based joint venture between ride hailing platform operator Gojek and e-commerce group Tokopedia, has floated in a $1.1bn IPO.

AN2 Therapeutics prices $69m IPO

US-based lung disease therapy developer AN2 Therapeutics, which counts pharmaceutical firm Brii Biosciences as a backer, has raised $69m in an IPO.

Liberty Strategic Capital to buy Zimperium for $525m

US-based mobile security platform developer Zimperium, which counts corporates SoftBank, Telstra, Toyo Corporation and Samsung as investors, agreed to a $525m acquisition by private equity firm Liberty Strategic Capital.

LetsGetChecked to buy Veritas Genetics

At-home diagnostic test provider LetsGetChecked agreed to acquire US-based genetic testing technology developer Veritas Genetics for an undisclosed sum, providing exits for pharmaceutical firms Eli Lilly and Jiangsu Simcere Pharmaceutical.

JD Property houses $800m

E-commerce group JD.com’s real estate services subsidiary, JD Property, has raised approximately $800m in series B funding.

WeRide zooms to $400m

China-based autonomous driving technology producer WeRide has raised $400m from investors including car manufacturer GAC and industrial technology and appliance manufacturer Robert Bosch.

Soterea buckles up $204m

Insurance group Ping An has led an over $204m series B round for China-based driving safety technology provider Soterea.

Nova Labs surges to $200m series D

US-based decentralised wireless communications technology provider Helium rebranded to Nova Labs, having secured $200m in series D funding from investors including Alphabet, Goodyear, Liberty Global and Deutsche Telekom.

Deepki tracks Statkraft to raise $167m

Deepki, the creator of a software platform which tracks ESG data for the real estate sector, secured $167m in series C funding from investors including power producer Statkraft.

LayerZero Labs stacks up $135m

Canada-based blockchain technology developer LayerZero Labs secured $135m in a funding round co-led by cryptocurrency exchange FTX.

Tishman Speyer tips $100m into venture fund

US-based real estate developer Tishman Speyer has raised $100m for a property technology-focused venture capital fund.


“Funky Chunk” Kevin MacLeod (incompetech.com)
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28 March 2022 – Hub Cyber Security organises $1.28bn reverse merger

Hub Cyber Security organises $1.28bn reverse merger

Israel-based cybersecurity technology provider Hub Cyber Security agreed to a reverse merger worth $1.28bn that will allow insurance group Axa to exit

Yuga Labs pulls in $450m

Yuga Labs, the US-based creator of non-fungible token collection Bored Ape Yacht Club, secured $450m in a seed round at a post-money valuation of $4bn.

Ramp climbs to $750m round

Ramp, a US-based provider of a corporate card for controlling spending, raised $750m in debt and equity financing from investors including digital payment technology provider Stripe.

Astronomer lands $213m in series C funding

US-based data analytics software provider Astronomer secured $213m in series C funding from investors including Salesforce Ventures.

Nio Capital drives to $400m second vehicle

Nio Capital, the China-based venture capital firm co-formed by electric vehicle (EV) manufacturer Nio, closed its second vehicle at about $400m.

Stellantis launches venture unit with $331m

Automotive manufacturer Stellantis has launched a $331m corporate venture capital vehicle, to invest in technology that could be applied to the automotive and mobility sectors.

OfBusiness spins off Oxyzo with $200m

Oxyzo Financial Services, the smart financing spinoff of India-headquartered material procurement and financing services provider OfBusiness, secured $200m in series A round.

Qualcomm crosses off $100m XR fund

US-headquartered semiconductor technology producer Qualcomm unveiled an investment vehicle that will provide up to $100m in funding for developers of metaverse technology.

Alphabet sends Sandbox AQ independent

Internet and technology group Alphabet is spinning off its quantum technology subsidiary, Sandbox AQ, with a nine-figure amount of funding.

Nexo executes $150m fund launch

UK-based cryptocurrency asset manager Nexo, formed a $150m corporate venture capital and M&A arm dubbed Nexo Ventures.

Slack Fund slides in $100m third fund

Slack Fund, the strategic investment vehicle formed by US-headquartered enterprise communication app developer Slack, has launched its third fund with $100m in capital.


“Funky Chunk” Kevin MacLeod (incompetech.com)
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21 March 2022 – FinAccel calls off $2.5bn reverse merger

FinAccel calls off $2.5bn reverse merger

FinAccel, a Singapore-headquartered buy now pay later service backed by corporates Singapore Telecommunications, Telkom Indonesia, Telkomsel, Naver and GMO, has scrapped a planned $2.5bn reverse merger due to unfavourable market conditions.

GoTo targets $1.1bn in initial public offering

GoTo, the Indonesia-based amalgamation of ride hailing service Gojek and e-commerce marketplace Tokopedia, plans to raise $1.06bn in an IPO on the Indonesia Stock Market.

Leapmotor looks to Hong Kong flotation possibilities

Leapmotor, the China-headquartered electric vehicle producer that counts corporates Dahua Technology, Shanghai Electric and CRRC among its investors, has filed for an IPO on the Hong Kong Stock Exchange.

SoftBank sells $1bn in Coupang shares

SoftBank has divested $1bn of shares in South Korea-based, New York-listed e-commerce group Coupang.

SentinelOne to acquire Attivo

Cybersecurity technology provider SentinelOne agreed to buy US-based cybersecurity and identity protection software developer Attivo Networks for $617m in cash and stock, allowing exits for semiconductor distributor Macnica and telecommunications company Singtel.

Zomato links to Blinkit in $750m deal

Restaurant listings and food delivery service Zomato has agreed to acquire rapid delivery service Blinkit, in an all-stock deal valued between $700m and $750m.

ConsenSys collects $450m in series D round

US-based blockchain technology provider ConsenSys secured $450m in series D funding from investors including SoftBank’s Vision Fund 2, software provider Microsoft and talent agency United Talent Agency (UTA) at a $7bn valuation.

Knock opens doors to $220m

US-based property purchase finance provider Knock received $220m in equity and debt financing from investors including financial services firm First American Financial and real estate trade organisation National Association of Realtors.

Vestaire Collective to scoop up Tradesy

US-based luxury fashion marketplace Tradesy agreed to a takeover by luxury fashion e-commerce platform Vestaire Collective for an undisclosed sum, allowing conglomerate Virgin Group to exit.

SoftBank turns $100m Opportunity Fund evergreen

SoftBank it is converting its $100m SB Opportunity Fund to an evergreen vehicle to continue investing in underrepresented founders.

Luno launches investment arm to support crypto

UK-based digital assets services provider Luno unveiled a corporate venturing unit to invest in crypto and financial technology, effectively taking over the seed-stage investment activity of parent company Digital Currency Group (DCG).

OTA Insights books Transparent acquisition

Transparent, a Spain-based provider of data for short-term rentals, has been purchased by hospitality business intelligence provider OTA Insight for an undisclosed sum, allowing air carrier JetBlue to exit.


“Funky Chunk” Kevin MacLeod (incompetech.com)
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14 March 2022 – LanzaTech lands $2.2bn reverse takeover agreement

LanzaTech lands $2.2bn reverse takeover agreement

LanzaTech, a US-based carbon capture technology developer backed by corporates ArcelorMittal, Mitsui, Novo, Siemens and Petronas, agreed to a $2.2bn reverse merger with special purpose acquisition company AMCI Acquisition Corp II.

MUFG to explore India with $300m vehicle

Japan-headquartered financial services firm MUFG formed a $300m India-focused investment vehicle called MUFG Ganesha Fund.

Forto ships in $250m

Germany-headquartered freight forwarding software producer Forto secured $250m in a series D round featuring internet and telecommunications group Softbank’s Vision Fund 2 and AP Moller Holding, owner of shipping firm AP Moller – Maersk.

Roofstock builds $240m series E

Property investment technology developer Roofstock has raised $240m in a series E round led by internet and telecommunications group SoftBank’s Vision Fund 2.

Axonius executes $200m series E

US-headquartered cybersecurity management software provider Axonius completed a $200m series E round featuring DTCP, the investment manager backed by telecommunications firm Deutsche Telekom.

DNAnexus draws $200m in funding

DNAnexus, a provider of biomedical data analysis software, raised $200m in funding from investors including GV, a corporate venturing subsidiary of internet and technology conglomerate Alphabet.

Autobrains drives to $120m series C

Israel-based self-driving technology developer Autobrain, has closed its series C round at $120m, featuring investors including automotive producers BMW and VinFast as well as car parts producers Continental and Knorr-Bremse.

Cake DeFi launches $100m venture unit

Singapore-based decentralised finance services provider Cake DeFi launched a venture capital unit called Cake DeFi Ventures, which is capitalised to the tune of $100m.

Tencent helps Flash cash in

Brazil-based corporate benefits management service Flash has secured over $100m in series C funding from investors including internet group Tencent.

Colossal Biosciences engineers $60m series A

US-based genetic engineering technology developer Colossal Biosciences received $60m in series A funding from investors including gaming and blockchain technology developer Animoca Brands and game studio Untamed Planet.

Excelero accepts Nvidia acquisition

Semiconductor producer Nvidia acquired Excelero, a US-based flash storage technology developer backed by mobile chipmaker Qualcomm and data storage product manufacturer Western Digital, for an undisclosed sum.


“Funky Chunk” Kevin MacLeod (incompetech.com)
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07 March 2022 – CommerzVentures collects $335m for third fund

CommerzVentures collects $335m for third fund

CommerzVentures, the venture capital firm financed by Germany-based financial services firm Commerzbank, launched its $335m third fund.

SoftBank delivers $425m for Weee

Internet and telecommunications group SoftBank’s Vision Fund 2 led a $425m series E round for Weee, a US-based delivery service focusing on ethnic and geography-specific groceries.

Payhawk flies to $215m

UK-headquartered business payments and expense management platform developer Payhawk, extended its series B round to $215m.

Fabric threads in $140m series C

Fabric, a US-based e-commerce software provider, has received $140m in a series C round led by SoftBank at a valuation of about $1.5bn, lifting the company into unicorn status.

99 Minutos gets $82m series C delivery

Mexico-based last-mile delivery platform 99 Minutos secured $82m in series C funding from investors including Prosus Ventures, the corporate venturing arm of internet group Prosus.

Kin kindles series D round with $82m

US-based online home insurance provider Kin Insurance received $82m in series D funding from investors including insurance provider CSAA Insurance Group.

Balbix gets $70m in series C round

Balbix, a US-based provider of cybersecurity posture automation technology, received $70m in a series C round backed by Singtel Innov8, the corporate venturing arm of telecommunications company Singtel.

Pocket FM tunes in to $65m

Internet group Naver co-led India-based audio streaming platform developer Pocket FM’s $65m series C round as the popularity of podcasts and other non-music audio content grows.

Biomason bags $65m in series C round

US-headquartered biological construction material developer Biomason secured $65m in series C funding from investors including pharmaceutical firm Novo and building materials provider Martin Marietta.

Worldspark plays for $3m seed round

Blockchain-based gaming developer Worldspark Studios received $3m in a seed round co-led by gaming and blockchain technology developer Animoca Brands.


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

28 February 2022 – SoFi to take Technisys in $1.1bn deal

SoFi to take Technisys in $1.1bn deal

Online personal finance provider SoFi agreed to acquire US-based digital banking technology provider Technisys in a $1.1bn all-stock transaction.

ElasticRun procures $330m

Internet and telecommunications group SoftBank’s Vision Fund 2 co-led a $330m funding round for ElasticRun, the India-based operator of a business-to-business (B2B) e-commerce platform.

Scipher Medicine unlocks $110m

US-based precision immunology therapy developer Scipher Medicine closed a $110m funding round featuring electronics conglomerate Hitachi and healthcare services provider Optum.

Volta Trucks zaps in $260m

Volta Trucks, developer of commercial electric vehicles, secured $260m in series C funding from investors including logistics services provider Agility.

PrimaryBid stocks up with $190m

Internet and telecommunications group SoftBank’s Vision Fund 2 led a $190m series C round for UK-based online investment platform PrimaryBid.

Cheq marks off $150m series C

Cheq, the Israel-based developer of a cybersecurity software offering for marketing operations, secured $150m in series C funding from investors including insurance provider Phoenix Insurance Company.

Cargill helps Wildtype net $100m

US-headquartered cultivated salmon producer Wildtype closed a $100m series B round that included agribusiness Cargill.

Arcion rebrands with $13m series A

US-based data mobility software developer Blitzz has rebranded to Arcion as it raised $13m in a series A round featuring data analytics software provider Databricks.

Fifth Wall finds corporates for $159m European fund

US-headquartered, real estate-focused venture capital firm Fifth Wall has closed a $159m European fund with backing from several corporate limited partners.

Arkray arcs to Singaporean investment arm

Japan-headquartered healthcare device producer Arkray has announced an $86.8m corporate venture capital initiative in Singapore to invest in early-stage medical technology developers.


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

21 February 2022 – SoftBank pinpoints Spotter in $200m series D

SoftBank pinpoints Spotter in $200m series D

Internet and telecommunications group SoftBank’s Vision Fund 2 led a $200m series D round for US-based online content financier Spotter at a $1.7bn valuation.

Hy2gen generates $227m in funding

Hy2gen, a Germany-headquartered producer of green hydrogen-based fuels, raised $227m from investors including energy engineering firm Technip Energies, highlighting the increasing popularity of hydrogen in the new energy mix.

Neon glows with $300m from BBVA

Financial services firm BBVA agreed to invest $300m in Brazil-based digital bank Neon in return for a 21.7% stake.

OpenSea organises corporate venturing arm

Non-fungible token (NFT) marketplace OpenSea has launched a corporate venture capital vehicle called OpenSea Ventures to invest in developers of Web3 technology.

Tripledot secures Access to raise $116m

UK-based mobile game developer Tripledot Studios secured $116m from investors including Access Industries at a valuation of $1.4bn.

Homebound builds $75m round

US-based homebuilder Homebound secured $75m in a series C round featuring GV, a corporate venturing vehicle for internet technology conglomerate Alphabet.

HoTeam gets hold of $63m

China-based additive manufacturing technology developer Shandong HoTeam Software completed a $63m series C round led by Legend Capital, the venture capital firm sponsored by conglomerate Legend Holdings.

Sony signals first close for Innovation Fund 3

Consumer electronics and entertainment group Sony reached a first close of its fourth Sony Innovation Fund, which is targeting $217m for final close.

HV Capital launches $489m continuation fund

HV Capital, the Germany-based venture capital firm spun off by publisher Holtzbrinck Publishing Group, launched a $489m continuation fund to continue supporting portfolio companies in later-stage deals.

Animoca Brands unveils Japanese subsidiary and accelerator

Gaming and blockchain technology group Animoca Brands launched a Japan-based subsidiary with $10m in seed funding.

Fujifilm and Tokyu disclose funds

Japan-headquartered corporations Fujifilm and Tokyu Construction have each launched dedicated corporate venturing vehicles that will target startups operating in their respective strategic areas.


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

14 February 2022 – D-Wave Agrees to $1.6bn Reverse Merger

D-Wave agrees to $1.6bn reverse merger

D-Wave Systems, a Canada-based quantum computing technology developer backed by IT equipment producer NEC, agreed to a $1.6bn reverse merger with special purpose acquisition company DPCM Capital.

Flexport receives $935m funding haul

Logistics services platform developer Flexport raised $935m in a series E round featuring internet and telecommunications group SoftBank’s Vision Fund and e-commerce software provider Shopify at a post-money valuation of $8bn.

WNBA makes $75m funding shot

US-based professional women’s basketball league WNBA raised $75m from investors including sports apparel brand Nike, helping expand funding for a sport where coverage and sponsorship are lacking.

Scandit captures $150m in series D round

Data capture technology developer Scandit closed a $150m series D round featuring Alphabet, Sony, Swisscom and Schneider Electric.

Polygon picks up $450m

Polygon, an India-based blockchain scaling technology developer, secured $450m through a private token sale featuring SoftBank, blockchain entertainment product developer Animoca Brands and quantitative trading firm Alameda Research.

Qredo to scale with $80m

Qredo, a UK-based provider of decentralised digital asset management technology, completed an $80m series A round featuring cryptocurrency exchange Coinbase and blockchain technology developers Terraform Labs and Ava Labs.

Infinity Ventures Crypto closes $70m fund

Animoca Brands and payments services provider Circle have backed Taiwan-based venture capital firm Infinity Ventures Crypto (IVC)’s maiden fund, which closed with $70m in commitments.

Intel introduces $1bn semiconductor technology fund

Intel Capital, the corporate venturing arm of chipmaker Intel, launched a $1bn investment vehicle with its semiconductor fabrication business, Intel Foundry Services (IFS).

GBA Fund progresses towards $257m close

Greater Bay Area Fund (GBA Fund), an investment vehicle formed by e-commerce firm Alibaba’s Entrepreneurs Fund (AEF), is set to close at about $257m by mid-2022.

NGP Capital nets $400m from Nokia

Smartphone manufacturer Nokia has provided $400m in capital for the latest fund closed by NGP Capital, the US-based venture capital firm that it had spun off.

UTokyo IPC achieves $221m close

University of Tokyo Innovation Platform (UTokyo IPC), the venture capital arm of University of Tokyo, announced the final close of its second fund at $221m with backing from several corporate LPs.


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