Consumer credit provider FinAccel secured $140m from investors including GMO Payment Gateway while Amgen helped brain disease drug developer Neumora raise $112m.

Photo courtesy of Paul Hanaoka via Unsplash

Funds

India-based, consumer brand-focused venture capital firm Fireside Ventures has closed its third fund at $225m with backing from conglomerate ITC and consumer goods producer Emami. The limited partners also included financial services provider SBI, Self-Reliant India Fund, Investment Corporation of Dubai, Premji Invest, Waterfield-Fund of Funds and Sharrp Ventures.

M&A

Financial services firm BNP Paribas has agreed to pay €120m ($116m) to buy portfolio company Kantox, the UK-based creator of a software platform that automates currency risk management. The bank invested $8.6m in Kantox in early 2020 to take its total funding to over $26m. Its other backers include currency trading platform FxStreet and payment services provider Ingenico.

Singapore-based logistics optimisation software developer Luwjistik has been acquired by logistics technology provider Shippit for A$18m ($11.3m), allowing Telkom Indonesia’s MDI Ventures subsidiary to exit. The unit’s Arise fund took part in a seed round for Luwjistik that closed in March this year.

Ride hailing service Grab and financial services firm Kasikornbank’s Grab Ventures and Beacon Venture Capital units have exited Singapore-based on-demand staff provider Workmate through an acquisition of undisclosed size by human resources firm Persol. Workmate had raised over $20m as of mid-2020.

Investment manager Pollen Street Capital has paid an undisclosed sum for a majority stake in Pair Finance, a digital debt collection platform backed by fashion retailer Zalando. Fintech company builder Finleap will retain a minority stake in Pair having joined Zalando and various others in a $5.2m series A round in 2017.

Company name Company description Sector Country Round Round size ($) Deal date Investors
FinAccel Owner of buy now, pay later service Kredivo Financial Singapore D  140 07/10/2022 GMO (GMO Global Payment); Mirae Asset (lead), Cathay Innovation, Endeavor Catalyst, Jungle Ventures, Openspace Ventures, Square Peg
Neumora Therapeutics Brain disease drug developer Healthcare  US B 112 11/10/2022 Amgen; Abu Dhabi Growth Fund, Altitude Life Science Ventures, Arch Venture Partners, Exor (Exor Ventures), Fidelity (F-Prime Capital), Invus, Mubadala Capital, Newpath Partners, Polaris Partners, undisclosed others
Immersive Labs Workplace cybersecurity services provider Information Technology UK D 66 12/10/2022 Citi (Citi Ventures); Ten Eleven Ventures (lead), Goldman Sachs (Goldman Sachs Asset Management), Summit Partners, Insight Partners, Menlo Ventures
VectorBuilder Gene delivery system designer Healthcare  China C 57 11/10/2022 Legend Holdings (Legend Capital) (co-lead), Xiamen C&D; Suikai Investment, Yuexiu Industrial Fund, Guangzhou Industrial Investment, Capital Operation Holding Group, Wanlian Securities
Stairwell Cybersecurity software producer Information Technology US B 45 11/10/2022 Alphabet (Gradient Ventures); Section 32 (lead), Sequoia Capital, Accel, Lux Capital, Eric Schmidt, Michael Ovitz
CrowdStreet Online real estate investment platform Financial US N/A 43 10/10/2022 The Dinerstein Companies, Foulger-Pratt; TIAA (TIAA Ventures), Cypress Equity Investments, Grotech Ventures, Rally Ventures, Seven Peaks Ventures, Green Visor Capital 
Tehtris Cybersecurity software producer Information Technology France A 42.7 12/10/2022 CNP Assurances (Open CNP); Jolt Capital (lead), Tikehau Ace Capital, Nouvelle-Aquitaine Co-Investissement
AgriWebb Livestock-focused business management soft Industrial US B 29.3 (updated) 11/10/2022 Telus (Telus Ventures); Clean Energy Finance Corporation, Germin8 Ventures, iSelect Fund, Grosvenor Food & AgTech
Endor Labs Open source software management technology Information Technology US Seed 25 10/10/2022 Dell (Dell Technologies Capital); Lightspeed Venture Partners, Sierra Ventures
Insite AI  Revenue growth management software provider Services US A 19 11/10/2022 Microsoft (M12); NewRoad Capital
SettleMint Low-code blockchain product development platform Information Technology Belgium A 15.5 11/10/2022 Fujitsu (Fujitsu Ventures), Allusion; Molten Ventures (co-lead), OTB Ventures (co-lead), Bloccelerate, Medici Ventures
Didimo Avatar development platform Media Portugal  A 7.15 11/10/2022 Sonae (Bright Pixel Capital); Armilar Venture Partners (lead), Portugal Ventures, Techstars
Tyles.io Professional knowledge platform Services Germany Seed 1.4 10/10/2022 Porsche and Axel Springer (APX); Slingshot Ventures, NCA, Venista Ventures, Diaspora Ventures, Lars Kamp, Vincent Peters, Jens Jahn, Martin Sinner
Universal Hydrogen  Green aviation hydrogen distributor  Energy and Natural Resources US N/A N/A 10/10/2022 American Airlines