Google and Times Group helped boost ShareChat’s latest round to $520m while Animoca Brands has acquired a majority stake in portfolio company TinyTap for $38.9m.
Funding
India-based social networking service ShareChat has closed its latest round at $520m, having added $255m from internet technology provider Google, media conglomerate Bennett Coleman & Co and Singaporean state-owned investment firm Temasek. The round took the company’s valuation to $5bn, and included a $266m first close in December 2021 that featured Alkeon Capital, Temasek, HarbourVest, Moore Strategic Ventures and India Quotient.
M&A
Blockchain-equipped video game developer Animoca Brands invested approximately $38.9m to increase its stake in TinyTap, an Israel-based aggregator of user-generated educational content, from 3.7% to 84.1%, yesterday. TinyTap had previously raised a total of $13m from investors also including Aleph, Inimiti, Radiant Venture Capital, ReInvent VC and New York Angels.
Payment optimisation technology group Treasury Intelligence Solutions has paid an undisclosed sum to acquire Cashforce, a Belgium-based cashflow forecasting software provider backed by financial services firms Citi and Barclays through subsidiaries Citi Ventures and Barclays Accelerator respectively. Pamica and Volta Ventures were among the company’s other investors.
Other funding
Company name |
Company description |
Sector | Country | Round | Size ($m) | Deal date | Corporates; other investors |
---|---|---|---|---|---|---|---|
AlphaSense | Market intelligence and search platform | IT | US | D | 225 | 15/06/2022 | Goldman Sachs (Goldman Sachs Asset Management) (co-lead); Viking Global Investors (co-lead) |
Vendr | SaaS management platform developer | IT | US | B | 150 | 16/06/2022 | SoftBank (SoftBank Vision Fund 2) (co-lead); Fidelity (F-Prime Capital); Craft Ventures (co-lead), Sozo Ventures, Sound Ventures, Tiger Global, Y Combinator |
DataStax | Real-time data app provider | IT | US | N/A | 115 | 15/06/2022 | Goldman Sachs (Goldman Sachs Asset Management) (lead); RCM Private Markets, EDB Investments, Crosslink Capital, Meritech Capital Partners, OnePrime Capital, unnamed others |
AirSlate | Document workflow automation platform | IT | US | N/A | 51.5 | 16/06/2022 | UiPath (UiPath Ventures); G Squared (lead) |
Wahed | Islamic investment platform operator | Financial | US | B | 50 | 17/06/2022 | Saudi Aramco (Wa’ed Ventures) (lead); Paul Pogba, unnamed family offices and institutions |
Cista | Image sensor developer | IT | China | C2 | 44.7 | 17/06/2022 | Galaxy Holding Group (co-lead); Yitang Changhou Fund (co-lead), Wuxi Liantai Investment, Essence Capital, Zhangjiang Haoheng Investment |
FanClash | Esports tournament platform operator | Media | India | B | 40 | 17/06/2022 | Info Edge, Polygon; Sequoia Capital India, Alpha Wave Ventures |
Proscia | Digital and computational pathology technology provider | Healthcare | US | C | 37 | 14/06/2022 | Hitachi (Hitachi Ventures), Robo Global, Razor (Edge Ventures); Highline Capital Management (co-lead), Triangle Peak Partners (co-lead), Alpha Intelligence Capital (co-lead), Scale Venture Partners, Emerald Development Managers |
C-Zero | Natural gas decarbonisation technology developer | Energy and Natural Resources | US | N/A | 34 | 16/06/2022 | SK Group (SK Gas) (lead), Engie (Engie New Ventures), Trafigura, Eni Group (Eni Next), Mitsubishi Heavy Industries; Breakthrough Energy Ventures, AP Ventures |
Abacus Insights | Healthcare data management platform | Healthcare | US | C | 28 | 16/06/2022 | MultiPlan (lead), Blue Cross Blue Shield (Blue Venture Fund), Horizon Healthcare Services, Echo Innovation Alliance (Echo Health Ventures); CRV, .406 Ventures |
Ahana | Management service for the Presto data processing platform | IT | US | A (updated) | 27.2 | 16/06/2022 | Liberty Global (Liberty Global Ventures) (lead), Alphabet (GV); Third Point Ventures |
Tango | Workflow intelligence and automation software provider | IT | US | A | 14 | 16/06/2022 | Slack (Slack Fund), Atlassian (Atlassian Ventures); Tiger Global (lead), Wing VC, General Catalyst, GSV Ventures, Red Sea Ventures, Outsiders Fund |
Swing Therapeutics | Autoimmune and choronic pain-focused therapeutics developer | Healthcare | US | A | 10.3 | 16/06/2022 | Asahi Kasei (Asahi Kasei Corporate Ventures); Jazz Venture Partners (lead), Alumni Ventures, AME Cloud Ventures, Gaingels |
Tellie | Web3 development kit provider | IT | US | A | 10 | 14/06/2022 | Dapper Labs, South by Southwest (SXSW Innovation Fund); Malibu Point Capital, Galaxy Digital, Osage Venture Partners, Gaingels, Corazon Capital, TQ Ventures, Upfront Ventures |
Knowledge Work | Sales technology developer | IT | Japan | A2; A (updated) | 1.5; 8.9 | 17/06/2022 | Salesforce (Salesforce Ventures), Uzabase, Sansan; One Capital |
RapidFort | Developer-focused cybersecurity software developer | IT | US | Seed | 8.5 | 16/06/2022 | Bloomberg (Bloomberg Beta); Felicis Ventures (lead), ForgePoint Capital, Global Founders Capital, Plug & Play Ventures, GIT1K Club, unnamed existing backers |
Saysh | Women-focused fashion brand | Consumer | US | A | 8 | 16/06/2022 | Gap (Athleta); Iris Capital (lead), Redpoint Ventures, Springbank Collective |
Ecozen Solutions | Sustainable water pump and cold storage technology developer | Industrial | India | C | 7 | 16/06/2022 | Coromandel International (Dare Ventures) (lead); Caspian, Hivos-Triodos Fund |
BBT.Live | Network connectivity technology provider | IT | Israel | Seed | 6.8 | 16/06/2022 | Accel Solutions; Tzvi Neta Holdings, unnamed existing investors |
Connected Energy | Battery-based energy storage techology developer | Energy | UK | N/A | 4.9 | 17/06/2022 | Volvo Group (Volvo Energy) |
Earth From Another Sun | Blockchain-driven strategy video game publisher | Media | US | N/A | 4.5 | 16/06/2022 | Solana (Solana Ventures), Alameda Research; Lightspeed Venture Partners |
Bunkyr | Developer-focused cybersecurity technology provider | IT | US | Pre-seed | 1 | 16/06/2022 | Protocol Labs; Y Combinator, Soma Capital, Justin Kan, Thomas Piccirello, Robin Chan, Gianfranco Gentille, Daniel Shi |
OptiFarm | Livestock farming technology provider | Industrial | UK | N/A | N/A | 16/06/2022 | Agco |
Wakuli | Online coffee bean retailer | Consumer | Netherlands | N/A | N/A | 07/06/2022 | ABN Amro Bank; Rubio Impact Ventures, unnamed angel investors |
Safetics | Safety analytics technology developer for robotics | IT | South Korea | N/A | N/A | 16/06/2022 | Naver (Naver D2SF) |
Floatic | Logistics-focused robotics technology developer | Industrial | South Korea | N/A | N/A | 16/06/2022 | Naver (Naver D2SF) |