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)
Licensed under Creative Commons: By Attribution 3.0

07 February 2022 – Sony Makes $3.6bn Bungie Play

Sony makes $3.6bn Bungie play

Sony Interactive Entertainment agreed to acquire US-based video game developer Bungie in a $3.6bn deal.

SoftBank scores AInnovation exit in $154m IPO

SoftBank has exited China-based artificial intelligence technology provider AInnovation in an initial public offering in Hong Kong.

SoftBank makes good on $1.35bn Cruise pledge

SoftBank’s Vision Fund is set to invest $1.35bn in US-based autonomous driving technology developer Cruise, which launched its driverless taxi service last week.

Naver Z makes space for $100m metaverse fund

Naver Z, a 3D avatar and digital space design subsidiary of South Korea-based internet conglomerate Naver Group, has formed a $100m metaverse fund.

Fireblocks sparks $550m series E round

US-based asset transfer infrastructure operator Fireblocks has raised $550m in series E funding from investors including internet technology group Alphabet’s CapitalG unit.

Loadsmart stacks up $200m

SoftBank’s Latin America Fund led a $200m series D round for US-based freight automation technology provider Loadsmart, valuing it at $1.3bn.

Wayflyer bags $150m In series B round

Wayflyer, the Ireland-based operator of an online financing platform for e-commerce brands, raised $150m in a series B round featuring internet group Prosus at a post-money valuation of $1.6bn.

Zero Acre Farms produces $37m round

US-based sustainable oil producer Zero Acre Farms secured $37m in a series A round featuring conglomerate Virgin Group as it works toward replacing destructive oil supply chains.

Nuclera knocks up series B funding

UK-based bioprinting technology developer Nuclera reached a $42.5m first close for its series B round that included electronic paper display producer E Ink.

Hitachi Ventures readies third fund

Hitachi Ventures, the Germany-based CVC vehicle formed by industrial and electronics conglomerate Hitachi, is considering launching its next fund this year.

Decibel makes noise with $275m fund target

Decibel Partners, an independent venture capital firm with Cisco as its cornerstone limited partner, has filed to raise $275m for its second fund.


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