VENTURE DEALS
- Klarna, a Sweden-based provider of payment solutions and consumer credit products, raised $460 million in funding at a post-money valuation of $5.5 billion. Dragoneer Investment Group, and was joined by investors including Commonwealth Bank of Australia, HMI Capital LLC, Merian Chrysalis Investment Company Limited, Första AP-Fonden (AP1), IPGL, IVP and funds and BlackRock.
- Scale AI, a San Francisco-based data platform for AI, raised $100 million in Series C funding at a valuation of more than $1 billion. Founders Fund led the round, and was joined by investors including Accel, Coatue Management, Index Ventures, Spark Capital, and Thrive Capital.
- Inari, a Cambridge, Mass.-based agricultural plant breeding technology company, raised $89 million in Series C funding. Investors include Flagship Pioneering, Investment Corporation of Dubai, EDBI and Acre Venture Partners.
- HawkEye 360 Inc., a Herndon, Va.-based commercial company that uses formation flying satellites to create a new class of radio frequency data and data analytic products, raised $70 million in Series B funding. Investors include Airbus, Esri, Razor's Edge Ventures, Allied Minds, and Shield Capital Partners.
- Cockroach Labs, a New York-based company behind the enterprise-grade distributed SQL database CockroachDB, raised $55 million in Series C funding. Investors include Altimeter Capital, Tiger Global, GV, Benchmark, Index Ventures, Redpoint Ventures, FirstMark Capital, and Work-Bench.
- Exo Imaging Inc, an Oakland, Calif.-based provider of an ultrasound platform and AI for imaging and therapeutic applications, raised $35 million in Series B funding. Intel Capital led the round.
- Fever, a startup that uses algorithms to help companies plan events, raised $35 million in funding. Rakuten Capital led the round, and was joined by investors including Atresmedia, Accel and Michael Zeisser.
- SmartNews Inc, a Japan-based news app, raised $28 million in Series E funding at a valuation of $1.1 billion. Japan Post Capital Co. Ltd led the round.
- Indifi, an India-based startup that offers loans to small and medium-sized businesses and also operates an online lending marketplace, raised 1,450 million Indian rupees ($21 million) in new funding. CDC Group led the round, and was joined by investors including Accel, Elevar Equity, Omidyar Networks and Flourish Ventures.
- Fluent Commerce, an Australia-based order management software maker, raised $20 million in funding. Investors include Arrowroot Capital.
- CompareAsiaGroup, a Hong Kong-based financial management platforms for banking and insurance products and services, raised $20 million in Series B1 funding. Experian led the round.
- BlockFi Inc, a New York-based non-bank lender that offers cryptoasset-backed USD loans, raised $18.3 million in Series A funding. Valar Ventures led the round, and was joined by investors including Galaxy Digital Ventures LLC, Winklevoss Capital, Morgan Creek Digital, ConsenSys Ventures and Akuna Capital.
- Backbone, a Canada-based cloud-based, workflow suite for consumer goods companies, raised $10 million in Series A2 funding. Foundry Group led the round.
- Henry's Original, a Laytonville, Calif.-based cannabis company and brand, raised $11 million in Series B funding. Merida Capital Partners led the round, and was joined by investors including Big Rock Partners, Delta Emerald Ventures and funds managed by JW Asset Management.
- Squad, San Francisco-based social screen sharing and group video chat app, raised $5 million in seed funding. First Round Capital led the round, and was joined by investors including Betaworks, Y Combinator, Alpha Bridge Ventures, Day One Ventures, Jane VC, Gina Bianchini, and Sebastian Gil.
- DeepCode, a Zurich-based platform for AI-powered code reviews, raised $4 million in seed funding. Earlybird led the round, and was joined by investors including 3VC and btov Partners.
- Zero, a health and wellness platform for fasting, raised $2.8 million in funding. Investors include True Ventures and Trinity Ventures.
- Romeo Power Technology, a Vernon, Calif.-based provider of sustainable power systems for electric vehicles, raised funding of an undisclosed amount from HG Ventures.
- Ibotta, a Denver, Colo.-based mobile rewards platform, raised Series D funding of an undisclosed amount that values the company at $1 billion. Koch Disruptive Technologies led the round.
HEALTH AND LIFE SCIENCES DEALS
- Lucira Health, an Emeryville, Calif.-based developer of instrument-free, molecular infectious disease testing products, raised $15 million in Series B funding. Investors include Seraph Group. Eclipse Ventures, DCVC, Y Combinator andSunstone Management, and ShangBay Capital.
Hindsight. Come to us before you need it.
Eikon Digest is a fully customisable platform that uses AI to mine hundreds of thousands of real time data sets and news stories to create a personalised briefing. It saves time and effort. But, most importantly, keeps you one step ahead.
Learn more PRIVATE EQUITY DEALS
- Blackstone Alternative Asset Management's Strategic Capital Group acquired a minority stake in BC Partners, a London-based private equity firm.
- New State Capital Partners made an investment in Mako Steel, a Carlsbad, Calif.-based s construction and engineering services provider. Financial terms weren't disclosed.
- Pueblo Mechanical & Controls, a portfolio company of Huron Capital, acquired Innovative Mechanical Systems, a Phoenix, Ariz-based provider of HVAC installation, replacement and preventative maintenance services for commercial clients. Financial terms weren't disclosed.
- Acorn Growth Companies acquired Robbins-Gioia, an Alexandria, Va.-based provider of modernization and enterprise solutions. Financial terms weren't disclosed.
- Wpromote, which is backed by Shamrock Capital, acquired Growth Pilots, a San Francisco-based paid media marketing agency. Financial terms weren't disclosed.
- KKR acquired a majority of heidelpay, a Germany-based European payments provider. Financial terms weren't disclosed. AnaCap Financial Partners was the seller.
OTHER DEALS
- New Media Investment Group Inc, the parent of GateHouse Media, agreed to buy Gannett Co. in a cash-and-stock transaction, for approximately $1.4 billion. Read more.
IPOs
- AMTD International, a Hong Kong-based financial services firm and investment bank, raised $174 million in an IPO of 20.8 million shares priced at $8.38. It posted revenue of $92.1 million in 2018 and profit of $66.9 million. AMTD Global Markets and Tiger Brokers are underwriters. Read more.
EXITS
- SurveyMonkey agreed to acquire GetFeedback, Inc. a San Francisco-based customer experience management company. Financial terms weren't disclosed. GetFeedback had raised approximately $2.3 million in venture funding from investors including Salesforce Venturess.
- Aurelius agreed to acquire BT Fleet Solutions, a U.K.-based provider of fleet management services. The seller was BT Group plc. Financial terms weren't disclosed.
- Microsoft acquired PromoteIQ, a New York City-based vendor marketing platform for e-commerce. Financial terms weren't disclosed. PromoteIQ had raised approximately $6.5 million in venture funding from investors including Laconia and Nauta Capital.
FIRMS + FUNDS
- Silver Oak Services Partners, an Evanston, Ill.-based private equity firm, raised $500 million for Silver Oak Services Partners Fund IV, L.P.
PEOPLE
- Oak HC/FT promoted Nancy Brown to general partner; Dan Petrozzo, Matt Streisfeld, and Michelle Daubar to partner; and Ravi Singh to chief financial officer.
- Pacific Avenue Capital Partners named Jason Leach as a managing director.
- Nyca Partners promoted David Sica to partner, and Stephanie Khoo joined the firm as a principal.
- Chinta Bhagat will join L Catterton as a co-managing partner and head of L Catterton's Asia funds.
No comments:
Post a Comment