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…

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Edison Fu

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

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