Lunar Energy disclosed $300m from investors including Sunrun and SK, and acquired Honda, Itochu and Tokyo Electric Power-backed Moixa for an undisclosed amount.

M&A Homeowner-focused electrification technology provider Lunar Energy has acquired Moixa, the UK-based smart battery developer backed by carmaker Honda, conglomerate Itochu and energy utility Tokyo Electric Power Company, for an undisclosed amount. The deal enabled Itochu and Honda to become shareholders in Lunar, which emerged from stealth yesterday having raised $300m since 2020 (see below). Collaborative data operations platform Nexla has purchased Fidap, a US-based data infrastructure builder that counts internet and technology group Alphabet’s Gradient Ventures unit as an investor, for an undisclosed sum. Funds Japan-headquartered conglomerate Mitsubishi’s Southeast Asia-oriented private equity firm, AIGF Advisors, has closed a RMB17.3bn ($126m) second fund, DealStreetAsia reported today. Unnamed institutional backers from Japan and Southeast Asia were among the limited partners. Indonesian government-formed, corporate-backed incubator and investment firm Merah Putih is set to reach a $300m first close for its inaugural Dana Ventura Merah Putih Fund in the first quarter of next year, an executive told DealStreetAsia. Its LPs will include BNI Ventures, BRI Ventures and Mandiri Capital Indonesia, on behalf of financial services firms Bank Negara Indonesia, Bank BRI and Bank Mandiri, as well as MDI Ventures and Telkomsel Mitra Inovasi, the investment arms of Telkom Indonesia and Telkomsel respectively. Reverse merger Akili Interactive Labs, a US-based digital therapy developer backed by pharmaceutical firms Merck Group, Amgen and Shionogi, has listed on the Nasdaq Capital Market having completed a reverse merger with special purpose acquisition company Social Capital Suvretta Holdings Corp I. The deal was first announced in January this year and follows over $163m in venture funding. It is being boosted by $162m in private investment in public equity financing. Funding Alphabet’s Google for Startups Accelerator has unveiled its latest cohort of Women Founders, which includes three Canadian startups: mobile stock trading tool provider Blossom Social, website-focused emotion analytics service Emaww and MedEssist, the creator of a digital care delivery platform. The batch also featured nine US-based companies: Healthcare customer management service AdvocatiaHospital and clinic-focused reimbursement automation service ArinitraAI-equipped packaging recycling technology provider CIRTSmart testing tool developer CyDeploySustainable small farm builder Farm GenerationsVeterinary recruitment service HoundMachine learning-driven oncology therapy developer GenerableDigital agency notice compliance platform NoticeninjaParking garage automation service Zero5 CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsLunar EnergyHome clean energy product supplierEnergy and Natural ResourcesUSN/A30024/08/2022Sunrun (lead), SK GroupAktis OncologySolid tumour-focused radiopharmaceutical therapy developerHealthcareUSA156 (updated)25/08/2022Merck & Co (MRL Ventures Fund), Bristol Myers Squibb, Novartis; Cowen Healthcare Investments, ArrowMark Partners, Mirae Asset Venture Investment, Timefolio Capital (formerly NS Investment), Pappas Capital, MPM Capital, Vida Ventures, EcoR1…

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Edison Fu

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