Paypal participated in a $58m round for buy now, pay later service Tabby while Toyota backed carbon-absorbing tree developer Living Carbon’s $21m series A.

M&A An unnamed affiliate of eyecare technology provider Bausch & Lomb has acquired portfolio company AcuFocus, a US-based developer of near vision treatment equipment, in a deal of undisclosed size. AcuFocus had raised over $215m as of a 2016 series D round, from investors including medical device producer Medtronic, before adding $24m in 2018 according to a securities filing. Internet-of-things services software producer Trackunit has paid an undisclosed sum to buy Flexcavo, a Germany-based provider of construction equipment rental software, enabling machinery manufacturer Wacker Neuson to exit. Cryptocurrency-focused accounting service TaxBit has purchased Tactic, US-headquartered peer that counts finance automation software provider Ramp and cryptocurrency exchanges FTX and Coinbase as investors, for an undisclosed amount. All three participated in an $11m round in September 2022 that took the total raised by Tactic to $13.6m. Funding CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsTabbyBuy now, pay later platform developerFinancialUAEN/A5818/01/2023Paypal (Paypal Ventures), Saudi Telecom (STV); Sequoia Capital (Sequoia Capital India)(lead), Mubadala Investment Capital, Arbor Ventures, Endeavor (Endeavor Catalyst)Living CarbonGenetically engineered carbon-absorbing tree developerEnergy and Natural ResourcesUSA2117/01/2023Toyota (Toyota Ventures); Temasek (lead), Lowercarbon Capital, Felicis VenturesPeopleFundOnline lending marketplaceFinancialSouth KoreaC20 (updated)18/01/2023Kakao (Kakao Investment); Bain Capital (lead), Access Ventures, D3 Jubilee Partners, 500 Global, TBT Partners, IBX Partners, CLSA (CLSA Capital Partners Lending Ark Asia)Forum MobilityZero-emission trucking depot builderServicesUSA1517/01/2023Edison International, Amazon (Climate Pledge Fund); Homecoming Capital, Obvious Ventures, Overture, Elemental Excelerator, CBRE Group (CBRE Investment Management)Obol LabsDistributed validator technology developerITUSA12.517/01/2023IEX Group, Coinbase (Coinbase Ventures); Pantera Capital (co-lead), Archetype (co-lead), BlockTower, Nascent, Placeholder, Spartan, Ethereal VenturesIntella XWeb3 gaming subsidiary of entertainment group NeowizMediaSouth KoreaN/A1217/01/2023Polygon, Animoca Brands, XL Games, Wemix, Planetarium, Pearl Abyss (Pearl Abyss Capital), Magic Eden, JoyCity, Global Coin Research; Big Brain Holdings, Crit Ventures, unnamed othersSykyDigital fashion platformConsumerUSA9.517/01/2023Polygon (Polygon Ventures); Seven Seven Six (lead), Brevan Howard (Brevan Howard Digital), Leadout Capital, First Light CapitalSprinqueB2B payment software developerFinancialNetherlandsSeed6.516/01/2023Creative Artists Agency/NEA (Connect Ventures) (lead), Kraken (Kraken Ventures); Inference Partners, Antler, Volta Ventures, Force Over Mass, SeedXChara TechnologiesLight commercial vehicle motor developerTransportIndiaPre-A4.817/01/2023Bitexco (Big Capital), Log9 Materials; Exfinity Venture Partners (lead), Kalaari Capital, Cite.CoDoorkelDeveloper of school management platform SchooLynk ContactServicesJapanPre-A2.318/01/2023Nippon Life (Nissay Capital) (lead); Ikemori Venture Support; unnamed debt suppliersElixirCryptocurrency protocol operatorFinancialUSSeed2.117/01/2023Quantstamp, KuCoin, FalconX, Blizzard (Avalanche VC), Gate.io; Commonwealth, Arthur Hayes, Chapter One Ventures, Betaworks, OP Crypto, unnamed othersDarwinboxHuman resources software providerServicesSingaporeN/AN/A17/01/2023Microsoft

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Edison Fu

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