DaVita took part in Pathalys Pharma’s $150m round while Qualcomm and Samsung were part of Quantum Machines’ $70m series B.

A Healthcare Worker Measuring a Patient's Blood Pressure Using a Sphygmomanometer

Public markets

Hesai Technology, a China-based lidar technology developer​ backed by corporates Meituan, Xiaomi, ON Semiconductor, Robert Bosch and Baidu, has filed for a $100m initial public offering on the Nasdaq Stock Market.

Mineralys Therapeutics, a US-based hypertension therapy developer backed by pharmaceutical firm GlaxoSmithKline, has filed a $100m IPO on Nasdaq.

Funds

Sony Ventures Corporation, a corporate venturing arm of Japanese electronics conglomerate Sony, has reached a final close for a ¥26.5bn ($204m) third fund dubbed Sony Innovation Fund 3. The unit now has about ¥60bn under management.

US-based venture capital firm Courtside Ventures has launched $100m Fund III having secured capital from corporates Hypothetic, Matchday, Mojo, Xpoint, Jackpot.com, Venly, Planet Mojo, Bezel, Fliff, Fermat and Fello.

M&A

Sun Pharmaceutical Industries has agreed to acquire Concert Pharmaceuticals, a US-based alopecia areata treatment developer backed by another pharmaceutical group GlaxoSmithKline, for $576m.

Reverse merger

Aprinoia Therapeutics, a US-based neurodegenerative disease therapy developer backed by corporates Yantai Dongcheng Pharmaceutical, TaiAn Technologies and ShangPharma, has agreed to combine with New York-listed special purpose acquisition company Ross Acquisition Corp II.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Pathalys Pharma Chronic kidney disease therapeutics developer Healthcare US N/A 150 20/01/2023 DaVita (DaVita Venture Group); Carlyle (co-lead), OrbiMed (co-lead), Catalys Pacific
Quantum Machines Quantum hardware and software manufacturer IT Israel B 70 18/01/2023 Qualcomm (Qualcomm Ventures), Samsung (Samsung Next); Red Dot Capital Partners, Meron Capital, Alumni Ventures
Ulvetanna Blockchain hardware manufacturer IT US Seed 55 19/01/2022 Jump Trading Group (Jump Crypto); Bain Capital (Bain Capital Crypto) (lead), Paradigm
Exodigo Subsurface imaging platform  Energy Israel Seed 41 18/01/2023 Tidhar Construction, WXG, Israel Canada; Zeev Ventures (lead), 10D Ventures, SquarePeg Capital, Jibe Ventures
Chord Commerce infrastructure software provider Consumer US 33 (updated) 18/01/2023 GC1 Holding (GC1 Ventures); Bright Pixel Capital (co-lead), Eclipse (co-lead), TechNexus Venture Collaborative, Anti Fund VC, Imaginary Ventures, Foundation Capital, White Star Capital
Jiangsu Jideli Food Food flavouring compounds provider Consumer China B 29.48 19/01/2022 WZ Group, Wens Food Group (Wens Investment); Jiangsu Government
ClearSpace On-orbit satellite technology developer Industrial Switzerland A 28.2 19/01/2023 Swisscom (Swisscom Ventures) (co-lead); InvestEU (European Investment Fund/OTB Ventures) (co-lead), Luxembourg Future Fund, Lakestar, In-Q-Tel, Happiness Capital, 600 T Space Investments
Nil Foundation Database managemetn systems IT Cyprus N/A 22 19/01/2022 Starkware, Mina Protocol; Blockchain Capital
Dreamscope Cinematice storytelling developer Media US 20 20/01/2023 Verizon (Verizon Ventures), Cengage Group; Bold Capital Partners (lead), GSV Ventures
iLife Life insurance aggregator Financial US 17 19/01/2022 Scor (Scor Ventures); Foundation Capital, Brewer Lane Ventures 
Obligate (formerly FQX) Blockchain-based debt provider Financial Switzerland Seed 8.7 (updated) 19/01/2023 Circle (Circle Ventures), Six Group (Six FinTech Ventures); Blockchange Ventures, Earlybird Venture Capital, Photo of Carsten Thoma
Legit Group Cloud kitchen operator Consumer Indonesia 7.35 19/01/2022 Telkom Indonesia (MDI Ventures), Sinar Mas (SMDV)
HashPort Web3 and blockchain consulting firm Services Japan C1 6.9 20/01/2023 Sumitomo Mitsui Banking Corporation; University of Tokyo (Edge Capital Partners)
Core10 Lending and account opening product provider Financial US B 6.5 20/01/2023 Jam Fintop; Patriot Financial Partners (lead), Independent Community Bankers of America
KnownWell Weight-inclusive healthcare provider Healthcare US Seed 4.5 19/01/2023 Oxeon; Flare Capital Partners (lead), Flybridge LTV Operator Fund, Larry Summers, Brynn Putnam, Lydia Gilbert, Varsha Rao
Sunmaxx Combination PV-thermal solar panel developer Energy and Natural Resources US N/A 3.6 19/01/2023 Mahle (New Ventures); TGFS Technologie Gründerfonds Sachsen
Diva Labs Distributed liquid staking protocol operator Financial N/A Seed 3.5 17/01/2023 Gnosis, Bankless, OKX (OKX Ventures); A&T Capital (lead), MetaWeb Ventures, Digital Currency Group (DCV Capital), Alphemy Capital, Very Early Ventures, Staked.vc, unnamed angel investors
Share Creators Game developer-focused media asset management platform Media US N/A 3 20/01/2023 Foxit; 5Y Capital
Prixa Digital healthcare platform Healthcare Indonesia N/A 3 19/01/2023 Telcom Indonesia (MDI Ventures), Siloam Group; Trans-Pacific Technology Fund
Immunity Research Immune cell analysis technology developer Healthcare Japan N/A 2.3 20/01/2023 Towns
Hollywood Unlocked Hollywood content platform Media US Seed 1.7 18/01/2023 Hidden Empire Film Group; Brown Venture Group, Black Capital, Kevin Johnson, Bracket Capital, Intuition Capital
Higharc Property sales and construction platform Services US N/A 1.3 19/01/2023 Simpson Strong-Tie
Turing Quantum Optical quantum computing technology developer IT China A N/A 18/01/2023 Lenovo (Lenovo Capital and Incubator Group); China Internet Investment Fund (lead), Tsinghua Holdings Capital, Orient Securities (Orient Securities Innovation)
StellarAlgo Consumer data aggregator IT Canada N/A N/A 18/01/2023 National Basketball Association (unnamed investment arm)
Edison Fu

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