Susquehanna Growth Equity has led a $62m series B round for speech-to-text software provider Speechmatics, while Fidelity’s Eight Roads unit led digital asset data aggregator Kaiko's $53m series B.

M&A

XM Cyber, a subsidiary of Germany-headquartered retailer Schwarz Group, has agreed to acquire Cyber Observer, an Israel-based cybersecurity management technology developer backed by cybersecurity and investment services firm Merlin International, for an amount estimated to be about $30m, according to Calcalist.

Fund

France-based financial services firm Banque Postale has formed a €150m ($158m) investment vehicle called 115K that will focus on developers of advanced technologies in areas like financial services and cybersecurity. The fund will provide between €250,000 to €5m per deal and has already backed carbon emission tracking service Carbo, expense payment software producer Joe, savings technology developer Cashbee and Cosmian, which provides data encryption software.

Funding

Company Company
description
Sector Country Round Round size ($m) Deal date Investors
Speechmatics Speech-to-text technology developer Information Technology UK B 62 28/06/2022 Susquehanna International Group (Susquehanna Growth Equity) (lead); Albion Capital Group (AlbionVC), IQ Capital
Kaiko Cryptocurrency data provider Financial  France B 53 28/06/2022 Fidelity (Eight Roads) (led); Revaia, Alven, Point9, Anthemis, Underscore
Yunsheng Group Cloud-based human resources technology developer formerly known as Shebao China Services China C 40.4 27/06/2022 58.com, 36Kr; Enlight Growth Partners, Peakview Capital, Zhiming Capital, Vision Plus Capital, Volcanics Venture, ZhenFund
Progcap SME-focused working capital provider Financial  India C 40 28/06/2022 Alphabet (Google); Tiger Global Management (co-lead), Creation Investments (co-lead), Sequoia Capital India 
HappyVore  Plant-based meat substitute provider Consumer France N/A 36.9 27/06/2022 Artal; Invus
Canada Drives Automotive e-commerce platform Transport Canada N/A 31.1 27/06/2022 Goeasy
Kauche Social commerce platform Consumer Japan B 16.2 28/06/2022 Digital Holdings (Bonds Investment Group) (lead), Susquehanna International Group (SIG Asia Investment), Mitsui Sumitomo Insurance (Mitsui Sumitomo Insurance Venture Capital), Sony (Sony Innovation Fund), Dentsu (Dentsu Ventures); Mobile Internet Capital
FreeD Group Chatbot technology provider Information Technology China N/A 15 28/06/2022 Hong Kong Science and Technology Parks (HKSTP Corporate Venture Fund), ChinaChem Group; Daiwa Securities (Daiwa ACA APAC Growth) (lead), Radiant Tech Ventures
Industrial Next Manufacturing automation technology for electric vehicles Transport US Pre-A 12 28/06/2022 Lenovo (lead), Xiaomi (Xiaomi Ventures); AlphaX Partners, Y Combinator, MiraclePlus
Bykea Bicycle sharing service Transport Pakistan N/A 10 27/06/2022 Prosus (Prosus Ventures); Middle East Venture Partners, Sarmayacar, Tharros, Ithaca Capital
Mellow Management software provider for food trucks Transport Japan B 7.3 28/06/2022 Toyota Motor (Toyota Financial Services) (lead), Sompo Holdings, Tokio Marine & Nichido Fire Insurance, Mitsubishi Estate (Bricks Fund Tokyo), Shimizu Corporation, Tokyu Fudosan Holdings Corporation (TFHD Open Innovation Program), Dentsu (Dentsu Ventures 2), Hakuhodo DY (Hakuhodo DY Future Design Fund), Pksha Technology (Pksha Sparx Algorithm 1)
EV Motors Japan  Commercial electric vehicle manufacturer Transport Japan B 6.8 28/06/2022 Iyotetsu
Geminus.AI Intelligent modelling software producer Information Technology US Seed 5.9 28/06/2022 Lam Research (Lam Capital) (lead), SK Group; SkyRiver Ventures, Sentiero Ventures, The Hive, Darling Ventures
Azuro Decentralised sports betting protocol developer Media India N/A 4 27/06/2022 Gnosis, Merit Circle; Hypersphere, Quiet Capital, Formless Capital
Cinnamon AI technology developer Information Technology Japan N/A 3.7 28/06/2022 Dai-ichi Life
GoApptiv Healthcare-focused IoT technology developer  Healthcare India N/A 3.3 27/06/2022 Cipla 
Ultrafresh Modular kitchen provider Services India N/A 2.5 27/06/2022 TTK Prestige 
Heyhack Automated web testing technology developer Information Technology Denmark Pre-seed 1.6 24/06/2022 Nvidia (Nvidia Inception), Amazon Web Services (AWS Activate); Innovation Fund Denmark, PreSeed Ventures, Bjarke Klinge Staun, Christian Jantzen, Jonathan Sanders, Marcus Krylborn, Adam Jafer
Charac Community pharmacy app developer Healthcare UK N/A 1.2 27/06/2022 Royal Mail
Xland Metaverse Twin earth-focused metaverse technology developer Media N/A N/A 1 27/06/2022 BlockAce, Blockpatch, ChainUp (ChainUp Capital); Skyline Capital, Robot Cat Capital, BitGroup Capital, Newave Capital
Keyi Technology Modular robot toy brand Consumer China N/A N/A 27/06/2022 Anker
Edison Fu

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