Legend Capital-backed clinical services provider R&G Pharmastudies floated in a $174m initial public offering while several corporates exited Pymetrics in an acquisition by Harver.
Public markets
Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, has exited China-based contract clinical services provider R&G Pharmastudies in a $174m initial public offering on Shenzhen Stock Exchange’s Chinext market. The firm did not disclosed how much funding it had provided for R&G but said it first invested through a 2017 series A round.
M&A
Recuitment software producer Harver has paid an undisclosed sum to acquire Pymetrics, a US-based skills assessment software provider backed by several corporates. Pymetrics graduated from consulting firm Accenture’s FinTech Innovation Lab and had raised a total of nearly $57m as of 2018, from investors including recruitment firm Randstad’s Innovation Fund and professional services firm Marsh & McLennan’s Mercer subsidiary as well as Salesforce Ventures and Workday Ventures, on behalf of enterprise software producers Salesforce and Workday respectively.
| Company name | Company description | Sector | Country | Round | Round Size ($) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| FundamentalVR | Surgical simulation software developer | Healthcare | US | B | 20 | 11/08/2022 | Sana Kliniken; EQT Life Sciences i(LSP Health Economics Fund 2) (lead), Downing Ventures, Tern |
| Klavi | Financial analytics software provider | IT | Brazil | A | 15 | 12/08/2022 | Vivo (Vivo Ventures); CIP SA, GSR Ventures, Iporanga Ventures, Parallax Ventures |
| Majoo | Business management software producer | Industrial | Indonesia | A | 10 | 15/08/2022 | Bank BRI (BRI Ventures), Xendit; AC Ventures, Quona Capital |
| Boxme | E-commerce logistics services provider | Services | Vietnam | N/A | 6.4 | 14/08/2022 | Nganluong; NextTech Group |
| Skipper | Remote hospitality technology developer | Services | US | Seed | 5.8 | 12/08/2022 | Alphabet (Gradient Ventures) (lead); Wayfinder, Pear.VC, Uncommon Capital, ERA, Ryan Simonetti, Neil Parikh, Aaron Frank |
| Antaris | Satellite software developer | Industrial | US | Seed | 4.2 | 09/08/2022 | Lockheed Martin (Lockheed Martin Ventures), Ananth Technologies; Acequia Capital (lead), Possible Ventures, HCVC, E2MC |
| Cardio Intelligence | Electrocardiogram analysis software developer | Healthcare | Japan | A | 3.2 | 15/08/2022 | Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), Gemseki; Anri, Daiwa (Daiwa Corporate Investment Co) |
| Ekkono Solutions | Machine learning software provider | IT | Sweden | N/A | 3.1 | 12/08/2022 | Etteplan |
| SignalPlus | Provider of crypto asset trading technology | Financial | Singapore | A | N/A | 12/08/2022 | Wanxiang (HashKey Capital) (lead); GBV Capital, Stratified Capital, Incuba Alpha, Baboon.VC, Chiron Partners, Paradigm, SNZ Holding |
| Edrone | Marketing automation software developer | IT | Poland | A | N/A | 12/08/2022 | Müller Medien; PortfoLion, Atmos Ventures |
| Handshakes | Financial analytics provider | Financial | Singapore | N/A | N/A | 15/08/2022 | S&P Global |
| GravityXR | Augmented and virtual reality chip producer | IT | China | Pre-A | N/A | 12/08/2022 | Lenovo (Lenovo Capital & Incubator Group); Gaorong Capital (co-lead), Sequoia Capital (co-lead), Jinshajiang Venture Capital (co-lead), IDG Capital (co-lead) |
| ComeBy | Retail analytics software developer | Consumer | Malaysia | N/A | N/A | 15/08/2022 | Maxis |
