Spin Master has joined forces with Nørdlight while Aspen Digital and Coinhako took part in Merkle Science’s series A extension.

M&A

Game product provider Spin Master has paid an undisclosed sum to acquire portfolio company Nørdlight, a Sweden-based digital game publisher. Spin Master had disclosed its investment in the latter when it launched its corporate venturing fund, Spin Master Ventures, in October 2021.

Funds

Financial services firm Bank of America has committed an undisclosed amount to US-based venture capital firm Backstage Capital’s Opportunity Fund I.

Toyota Tsusho, the trading subsidiary of Japanese conglomerate Toyota Group, has committed an undisclosed sum to Verod-Kepple Africa Ventures, the $100m vehicle formed by Africa-focused investment firm Verod-Kepple Africa Partners. The corporate and its Mobility 54 unit intend to use Verod-Kepple’s network to identify early-stage developers of healthcare, consumer goods and carbon-neutral technologies across Africa.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Merkle Science Predictive crypto risk and intelligence platform Financial Singapore A 24 (Updated) 11/08/2022 Aspen Digital, Hako Technology (Coinhako), Wanxiang (HashKey), Kraken (Kraken Ventures); Beco Capital (lead),…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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