SoftBank contributed to a $700m round for sports memorablia retailer Fanatics while Drata, ShopBack and First Mode each notched up $200m.
Funds
France-headquartered venture capital firm Iris Capital reached a €110m ($115m) first close for its Iris Venture IV fund, raising cash from limited partners including telecommunications firm Orange and public relations firm Publicis. Iris has set a €150m target for its final close.
M&A
Public sector-focused cloud software provider GTY Technology Holdings paid an undisclosed amount to acquire US-based public sector bidding marketplace DemandStar, allowing Advance Venture Partners (AVP), the VC partner of media group Advance, to exit. DemandStar had raised $2m in a June 2020 seed round led by Version One Ventures that included AVP and Forefront Venture Partners.
Public Markets
X Energy Reactor Company, a US-based developer of small modular nuclear reactors, agreed a reverse takeover with Ares Acquisition Corporation, a special purpose acquisition company (SPAC) listed on the…
