GSK, Johnson and Johnson and Asahi Kasei helped take Pulmocide’s series C round to $144m while Slingshot raised nearly $41m from investors including Lockheed Martin.

Reverse merger Circle, the US-based blockchain payment platform backed by corporates FTX, Baidu, Bitmain, CreditEase and Wanxiang, has terminated a reverse merger agreement with New York-listed special purpose acquisition company Concord Acquisition Corp. The deal was first announced in July 2021, potentially valuing the merged entity at $4.5bn, before Circle managed to double its valuation seven months later. M&A Cryptocurrency group Animoca Brands has acquired a majority stake in US-based portfolio company Pixelynx, the operator of a music-focused metaverse gaming platform, for an undisclosed amount. Animoca led a $4.5m seed round for Pixelynx in December 2021, investing with Solana Ventures, a subsidiary of crypto app developer Solana, as well as quantitative trading firm Alameda Research, Alumni Ventures’ Blockchain Fund, Hyperedge Capital, Republic Realm, SevenX and Sfermion. Funding CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsPulmocideRespiratory disease therapeutics developerHealthcareUKC144 (updated)06/12/2022GlaxoSmithKline (SR One), Johnson & Johnson (Johnson & Johnson Innovation – JJDC), Asahi Kasei Pharma; Pictet Group (Pictet Alternative Advisors) (lead), IP Group, Vivo Capital, SV Health Investors, Jeito Capital, Fidelity (F-Prime Capital), Adjuvant Capital, Longwood Fund, Cystic Fibrosis FoundationSlingshot AerospaceSpace-focused data analytics technology developerIndustrialUSA240.806/12/2022Lockheed Martin (Lockheed Martin Ventures); Sway Ventures (lead), C16 Ventures, ATX Venture Partners, Valor Equity Partners, Draper Associates (equity), Horizon Technology Finance (debt)NeuRealityAI-equipped semiconductor manufacturerITIsraelA3506/12/2022Samsung (Samsung Ventures) (co-lead), XT Holdings (XT Hi-Tech) (co-lead), SK Group (SK Hynix); Cardumen Capital (co-lead), Varana Capital (co-lead), OurCrowd (co-lead), Cleveland Avenue, Korean Investment Partners, StoneBridge, Glory VenturesLongPath TechnologiesCarbon emissions detection and quantification technology producerIndustrialUSA2205/12/2022ProFrac, Williams; White Deer (lead), Buff Gold Ventures, unnamed existing investorsVirgioFast fashion brandConsumerIndiaA17.4 (updated)06/12/2022Prosus (Prosus Ventures) (lead); Accel India, Bhavish Aggarwal, Sri Harsha Majety, Kunal Shah, Vidit Atrey, Mekin MaheshCacheflowZero-code enterprise software providerITUSSeed+1006/12/2022Alphabet (GV) (lead); GGV Capital, Pelion Venture PartnersTreble TechnologiesSound simulation technology developerMediaIcelandSeed8.406/12/2022Saint-Gobain (Nova); Frumtak Ventures (lead), undisclosed angel investors (equity), European Innovation Council (grant)HighconDigital packaging equipment makerIndustrialIsraelN/A806/12/2022Sealed Air Corporation NateeCreators’ marketing support providerMediaJapanN/A307/12/2022Cuebic (Cuebic Ventures), Benesse Holdings, Shizuoka Bank (Shizuoka Capital), GMO Nikko; XTech Ventures, unnamed angel investorsSafeStackCybersecurity training platform developerITNew ZealandN/A2.505/12/2022National Australia Bank (NAB Ventures); Blackbird Ventures (lead), Jelix Ventures, Carthona Capital, K1W1, New Zealand Growth Capital Partners (Aspire NZ Seed Fund)AccaciaReal estate decarbonisation platformServicesIndiaSeed2.506/12/2022Zerodha (Rainmatter Fund); Accel, Blume Ventures, Good Capital, Loyal VC, unnamed angel investorsSollectiveOnline freelancer marketplaceServicesJapanPre-A2.307/12/2022Coconala (Coconala Skill Partners); Kusabi (lead), Chiba Dojo Fund, Kepple Capital (DX Fund), 90s, Masaki YamamotoAlgobullsAlgorithmic trading platform developerFinancialIndiaPre-A206/12/2022DSP Group; Venture Catalysts, Findoc Finvest, Nitin Shahi, Dishant Milan Parikh, Yuvraj Thakker, Sharath Kumar AbscintMolecular imaging technology developerHealthcareBelgiumN/A105/12/2022Trasis; Noshaq (co-lead), Qbic (co-lead), UZ Brussel, KazokuJetti ResourcesDeveloper of a sustainable copper extraction system Energy and Natural ResourcesUsN/AN/A01/12/2022BMW (BMW i Ventures)

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Edison Fu

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