Illumina and Celgene could exit genome researcher Human Longevity in a reverse merger while Openly raised $75m from investors including Advance Venture Partners and Gradient Ventures.

Public markets

US-based genome researcher Human Longevity has signed a letter of intent to execute a reverse merger with special purpose acquisition company Freedom Acquisition 1. The non-binding deal would involve the combined business taking Freedom Acquisition 1’s listing on the New York Stock Exchange and would come after $330m in funding from investors including genomics technology producer Illumina, pharmaceutical firm Celgene and GE Ventures, the now shuttered investment arm of power and industrial equipment manufacturer General Electric.

M&A

Advanced materials producer Meta Materials has agreed to acquire the assets and intellectual property of Optodot, a developer of nano-composite battery technology, for $3.5m in cash and $45m of shares. Although they did not reveal the size of the investment, Optodot had raised an undisclosed amount from LG Technology Ventures, a subsidiary of conglomerate LG, as of 2019.

Propel Venture Partners, the venture capital firm funded by financial services firm BBVA, has exited US-based digital brokerage services and software provider Embed Financial Technologies in an acquisition of undisclosed size by digital currency exchange FTX. Propel took part in Embed’s $20m seed round in April 2021 alongside Y Combinator, Bain Capital Ventures, Homebrew, Acrew Capital, SWS Ventures and angel investors including Lachy Groom and Josh Buckley. The company added $60m in debt and equity financing six months later.

Automation and energy equipment maker Schneider Electric paid an undisclosed amount to buy US-based vehicle charging software provider EV Connect yesterday, enabling diversified trading group Mitsui to exit. Mitsui and Ecosystem Integrity Fund co-led the company’s $12m series B round in 2019 to take its total funding to over $25m. It added $27.2m in debt and equity financing in December 2021, according to a securities filing.

Cainthus, an Ireland-based developer of computer vision technology for dairy farms, was acquired by agricultural supply technology producer Ever.Ag in a deal of undisclosed size yesterday, providing an exit for agribusiness Cargill. The corporate had invested an undisclosed amount in Cainthus in 2018.

Other Funding

Company Description of company Sector Country Round Round Size ($) Deal date Investors
Openly Premium homeowners insurance provider Financial  US C 75 21/06/2022 Advance Publications (Advance Venture Partners), Google (Gradient Ventures); Techstars, Mtech Capital, Clocktower Ventures, Obvious Ventures, PJC Ventures
Wingcopter  Delivery drone manufacturer Industrial  Germany A 64 (updated) 21/06/2022 Rewe Group, Itochu; XAI Technologies, Salvia, Futury Capital, Xplorer Capital, Futury Regio Growth Fund, Hessen Kapital
Cyberint  Cyber threat intelligence provider Information Technology Israel C 40 21/06/2022 Intesa Sanpaolo Group (Neva); StageOne Ventures (lead), Viola Growth
Carbon Biosciences Gene therapy developer Healthcare US A 38 21/06/2022 Astellas (Astellas Venture Management); Agent Capital (lead), Cystic Fibrosis Foundation, Camford Capital
 Vidaa  Operating system developer for smart televisions Media US N/A 25 21/06/2022 Tremor International
MyOme  Genome analysis technology developer Healthcare US B 23 21/06/2022 SoftBank, Natera; Healthcare Venture Partners (lead), Sequoia Capital, Foresite Capital, Founders Fund
Deno Secure runtime developer for JavaScript and TypeScript Information Technology US N/A 21 21/06/2022 Netlify, Automattic; Sequoia Capital (lead); Four Rivers Ventures, Shasta Ventures, Insight Partners, Long Journey Ventures, Nat Friedman, Dylan Field
Idoven Therapeutics and diagnostics system developer for cardiovascular diseases Healthcare Spain A 19.8  21/06/2022 Telefónica (Wayra); Insight Partners (co-lead), Northzone (co-lead), European Innovation Council Accelerator
Scintil Photonics  Integrated circuit producer Information Technology France N/A 14.4 21/06/2022 Robert Bosch (Robert Bosch Venture Capital) (lead); Supernova Invest, Innovacom, BPIfrance (BPIfrance Digital Venture)
Evergen Energy management software provider Energy Australia N/A 10.4 21/06/2022 Fotowatio Renewable Ventures (FRV-X)
zCloak Network Proof-as-a-service provider for public blockchains Information Technology Switzerland A 5.8 17/06/2022 Coinbase (Coinbase Ventures), Bixin (Bixin Ventures), KuCoin (KuCoin Ventures) Matrixport (Matrixport Ventures); DFG, Sancus Ventures, Sanctor Capital, Hash Global, Jump Capital
Lista  Financial management software developer Financial  Philippines N/A 5.1+ 21/06/2022 Credit Saison (Saison Capital); Openspace Ventures (lead), East Ventures, 1982 Ventures, Stephen CuUnjieng, Aurelien Pichon , Roland Ros, Rexy Dorado
Outland Crypto art platform developer Media  US N/A 5 20/06/2022 OKG Ventures (lead); IMO Ventures, Dragon Roark, JDAC Capital
Augmenta Design automation software provider for the construction industry Industrial  Canada Seed 4.1 21/06/2022 Ferguson (Ferguson Ventures); Hazelview Ventures (lead), Whiteshell Group 
Datia  Sustainability analysis software developer Financial  Sweden Seed 3.4 07/06/2022 Sting; Nauta Capital (lead); Ramzi Rizk, Paul Schwarzenholz, Söderberg & Partners
Allthenticate Access control technology provider Information Technology US Seed 3.1 21/06/2022 Ping Identity; Silverton Partners (lead), Amplify
Apowiser  Chatbot developer for online medicine purchases Healthcare  Israel Seed 1.5 21/06/2022 CK Hutchinson (Longliv Ventures) (lead)
 Castler  Cross-border escrow services provider Financial  India Seed 1 22/06/2022 Zerodha (Rainmatter) (lead); Venture Catalysts, 9Unicorns, Faad Network, LetsVenture
Authentic Artists Metaverse music platform developer Media US N/A N/A 21/06/2022 Warner Music Group, Crush Music (Crush Ventures); OVO Fund, Lupa Systems, Sebastien Borget, Mike Shinoda
 Giva Direct-to-consumer jewellery provider Consumer India B N/A 22/06/2022 Aditya Birla (Aditya Birla Ventures) (co-lead); A91 Partners (co-lead), Sixth Sense Ventures
Blacknut Cloud gaming service provider Media UK N/A N/A 21/06/2022 Square Enix
NeuReality Artificial intelligence chip developer Information Technology Israel N/A N/A 21/06/2022 Samsung (Samsung Ventures)