FTX and Coinbase took part in a $200m round for NFT game developer Limit Break while Schaeffler, Kingspan and Marcegaglia backed H2 Green Steel’s $190m series B.

M&A

Solar energy and battery system provider Enphase Energy has agreed to acquire GreenCom Networks, a Germany-based utility industry’s software-as-a-service platform backed by energy suppliers Shell, E.On and Centrica, for an undisclosed amount. The company had raised $14.5m in a late 2020 round featuring all three corporates.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Limit Break NFT game publisher Media US N/A 200 29/08/2022 FTX, Coinbase (Coinbase Ventures); Buckley Ventures, Standard Crypto, Paradigm Ventures, Anthos Capital, SV Angel, Shervin Pishevar
H2 Green Steel Steel industry decarbonisation technology provider Industrial Sweden B 190 29/08/2022 Schaeffler Group, Kingspan, Marcegaglia; GIC (co-lead), AMF (co-lead), Altor Equity Partners (Altor Fund V), Swedbank (Swedbank Robur), Alternative Equity, Vargas, FAM, IMAS Foundation, Cristina Stenbeck, Daniel Ek
Glints Online recruitment platform Services  Singapore D 50 30/08/2022 Persol Holdings (co-lead); DCM Ventures (co-lead), Lavender Hill Capital (co-lead), Monk’s Hill Ventures, Fresco Capital, Binny Bansal, Endeavor (Endeavor Catalyst Fund)
MedGenome Genomic data analysis service  Healthcare  India N/A 50 30/08/2022 Novo; LeapFrog Investments, Sofina
Elestor Efficient battery manufacturer Energy and Natural Resources Netherlands N/A 30 30/08/2022 Equinor (Equinor Ventures) (lead), Royal Vopak (Vopak Ventures); Invest-NL, Somerset Capital Partners, EIT InnoEnergy, Enfuro Ventures
Prismlab 3D dental printing technology developer Healthcare  China C 29 30/08/2022 BASF (BASF Venture Capital); Qiming Venture Partners (lead), Jolomo Investment
Pezesha Digital lending platform developer Financial Kenya Pre-A 11 30/08/2022 Wave Financial (cFund), Input Output Global; Women’s World Banking (Women’s World Banking Capital Partners II) (lead), Verdant Frontiers (Verdant Frontiers Fintech Fund), Talanto
Banco Small business-focused financial platform Financial Singapore A 6.7 30/08/2022 SBI Group (lead), Sumitomo Mitsui Banking Corporation, R3, Savills; KZM & Company
Beam E-scooter rental service Transport Singapore N/A 3 30/08/2022 Japan Airlines (Japan Airlines & TransLink Innovation Fund)
Vuihoc Children’s e-learning platform Services Vietnam Pre-A 2 29/08/2022 Ant Group (BAce Capital) (lead), Colopl (Colopl Next)/DT&I (The Next Unicorn Fund); Vulpes Investment Management, TSP Consulting
Dental Predictio Dentist-focused metaverse platform developer Healthcare Japan N/A 1.1 30/08/2022 Mitsui Sumitomo Insurance (Mitsui Sumitomo Insurance Venture Capital); B Dash Ventures
Hsin Tung Yang Meat product retailer Consumer Taiwan N/A <1 ($270,000) 30/08/2022 Sophie’s BioNutrients
DoraHacks Web3 developer community operator IT US N/A N/A 29/08/2022 Emurgo (Emurgo Ventures), Binance (Binance Labs), FTX (FTX Ventures), Circle (Circle Ventures), Gemini (Gemini Frontier Fund), Crypto.com (Crypto.com Capital); Sky9 Capital
PriceOye Online electronics marketplace Consumer Pakistan Seed N/A 30/08/2022 Digital Garage (DG Daiwa Ventures), Fatima Group (Fatima Gobi Ventures); Jam Fund (lead), Beenext, Mantis VC, HOF Capital, Palm Drive Capital, Atlas Ventures, Peter Thiel, Immad Akhud, Asif Keshodia, SOSV, Artistic Ventures
Pixxel  Satellite monitoring technology developer Industrial India N/A N/A 30/08/2022 Accenture (Accenture Ventures)
AcialDesign Athlete career support service Services Japan N/A N/A 30/08/2022 United, AirTrip; Pegasus Tech Ventures (lead)
TradeWaltz  Trading information aggregator  Financial  Japan N/A N/A 30/08/2022 Toyoshima & Co 
Edison Fu

Edison Fu is head of Asia development at Global Corporate Venturing.
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