Mitsubishi UFJ Financial provided $200m for Akulaku while various Chinese corporates participated in Freetech’s $100m series B round.

M&A Mitsubishi UFJ Bank has agreed to pay ¥20bn ($150m) to acquire a 70% stake in Kanmu, the Japan-based online payment system provider backed by another financial services firm Seven Bank, marketing group Freakout Holdings and media company Adways, Nikkei has reported. The acquisition is set to close in early 2023 and will value the company at more than $190m. It had raised a total of almost $42m as of its last funding round, in 2020. Funding CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsAkulakuDigital finance services providerFinancialIndonesiaN/A20026/12/2022Mitsubishi UFJ Financial GroupFreetechAdvanced driver-assistance system developerTransportChinaB10028/11/2022BAIC Group (BAIC Group Industrial Investment), TCL Industry Holding Corporation, Shaanxi Automobile Group, Sun Life Everbright Life Insurance, Tongxiang Chemical Corporation, Aopeng Medical (Aopeng Investment); Chaos Investment (lead), Hengxu CapitalExynAI and robotics technology developerIndustrialUSB3523/12/2022Reliance (Reliance Strategic Business Ventures) (lead)Hyphen GroupDigital financial services groupFinancial China (Hong Kong)N/A2223/12/2022PCCW (lead); unnamed existing shareholdersSiroywe (Shenliu Microintelligence)Graphics processing unit producerITChinaA14.326/12/202237Games; Shenzhen Qianhai Xingwang Investment (lead), Z&Y CapitalHaawkingGraphic image processing chip producerITChinaA+14.323/12/2022Skyworth (lead), Ginlong Technologies; UnityVC, Sequoia Capital China, Huajin CapitalDarwinAIIntelligent inspection system developerIndustrialCanadaA622/12/2022Honeywell (Honeywell Ventures); BDC (BDC Capital/Deep Tech Venture Fund) (lead), Obvious Ventures, Inovia CapitalDolamiWearable VR device developerMediaJapanN/A<1 ($730,000)25/12/2022CyberAgent (CyberAgent Capital); Now, East Ventures, F Ventures, Yoshitsune Ido, Yusuke Harima, Yuji Wakabayashi, Hiroaki WatanabeTechnoBlood eSportsEsports competition organiserMediaJapanPre-A<1 ($600,000)27/12/2022CyberStep, Hamee, Colopl (Colopl Next); Nippon Venture Capital, unnamed angel investorsGotoschoolDiversified employment support platformServicesJapanA<1 (330,000)27/12/2022Aidma Holdings; unnamed angel investorsMyth AIDesigner-focused AI software providerConsumerTurkeyN/A<1 ($200,000)26/12/2022Türk Telekom, Ituari Teknokent, Sun Tekstil, Elyaf Tekstil; Keiretsu Forum Turkey, Halit Büyükkuşoğlu, Birkan Kül, Ahmet Fırat Halıcıoğlu, Emre Kozlu, Faik Ulutaş, Ergin Erdim, Beymen Ümit ArsoyBlacklaneChauffeur services providerTransportUAEFN/A21/12/2022Gargash Group, Mercedes-Benz Group (Mercedes-Benz Mobility)AirCarbon ExchangeDecentralised carbon trading platformFinancialSingaporeN/AN/A27/12/2022Banpu (unnamed CVC unit); Trirec (lead), Mubadala Investment CompanyLemniskMarketing automation software providerMediaIndiaN/AN/A20/12/2022Airtel (Airtel Start-up Accelerator Program)EdsteinEmployee retention software providerServicesRussiaN/AN/A23/12/2022HeadHunterDoogetherFitness network operatorServicesIndonesiaPre-AN/A23/12/2022Sinar Mas (Living Lab Ventures), Prasetia Dwidharma; Asiantrust CapitalMacrotest (Hongtai Technology)Semiconductor testing system developerITChinaN/AN/A23/12/2022BYD CompanyYubobangOnline celebrity-focused streaming platformMediaChinaPre-AN/A23/12/2022Anysoft, Woji Agriculture; Hubei Shisanzhou GroupRedishAccounting and tax digitalisation serviceFinancialJapanN/AN/A28/12/2022Itochu HomulaRetailer-focused B2B marketplaceConsumerJapanN/AN/A28/12/2022Nippon Life (Nissay Capital) (lead), Money Forward (Money Forward Venture Partners/Hirac Fund); Globe Advisors VenturesMan-Machine Synergy Effectors (Jinki Ittai)Advanced robotics technology developerIndustrialJapanPre-B2N/A28/12/2022Takenaka Civil Engineering & Construction

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Edison Fu

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