USAA, Samsung and UEM chipped in as Lumotive raised $13m, while Printpack and Braskem are exiting Nexus Circular in a $150m acquisition.
M&A
Cox Enterprises aqcuired US-based plastics recycling technology developer Nexus Circular for $150m. Nexus had raised undisclosed amounts from sustainable packaging producer Printpack in January 2022 and polyolefin provider Braskem the following month.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Lumotive | Beam steering chip developer | IT | US | N/A | 13 (updated) | 03/01/2023 | Samsung (Samsung Ventures) (lead), USAA, UEM Group (Uniquest Infra Ventures), Himax Technologies; Quan Funds, MetaVC Partners, Bill Gates |
| Alicia | Freelancer-focused insurance provider | Financial | Netherlands | Seed | 7.4 | 04/01/2023 | Achmea (Achmea Innovation Fund), Randstad (Randstad Innovation Fund); Volta Ventures |
| Baraja | Autmotive lidar technology developer | Transport | Australia | N/A | N/A | 03/01/2023 | Veoneer |
| Giga Storage | Energy storage project developer | Energy and Natural Resources | Netherlands | N/A | N/A | 03/01/2023 | Rabobank (Rabo Investments) |
