NCSoft invested $15m in Mysten Labs to take the latter’s series B round to $300m while Porsche backed Xanadu’s $100m series C.

Sound recognition

M&A

Business operations automation technology developer Mad Street Den has acquired Inturn, a US-based inventory sales platform backed by telecommunications firm Novel Group‘s Novel TMT Ventures, for an undisclosed amount.

Social media platform operator Meta has paid an undisclosed amount to purchase Audio Analytic, a UK-based sound recognition technology developer that counts energy supplier National Grid and aerospace and property group Marshall of Cambridge as investors, The Telegraph has reported.

Betterez, a Canada-based developer of transportation ticket management platform backed by travel technology group Amadeus IT Group and airline operator JetBlue, has been purchased by peer Busbud for an undisclosed sum.

Toy producer Mattel has acquired Caribu, the US-headquartered creator of an interactive video calling app, for an undisclosed amount allowing telecoms group AT&T to exit. It had raised over $5m in equity and crowdfunding including $1.3m through an AT&T-backed round in 2018.

Reverse merger

Profusa, a US-based digital health services provider that counts integrated circuit manufacturer Maxim Integrated, pharmaceutical firm Tasly Pharmaceutical and cybersecurity software producer Qihoo 360 among its investors, has agreed to join forces with Nasdaq-listed special purpose acquisition company NorthView Acquisition Corp in a reverse takeover deal. It gives the merged business a pro forma equity valuation of $264m.

Fund

US-based venture capital firm Wavemaker Impact has reached a $13m first close for a debut fund with a $25m target and limited partners including Kajima Ventures and JG Digital Equity Ventures, the corporate venturing arms of construction firm Kajima and conglomerate JG Summit respectively. Other LPs included Temasek’s Pavilion Capital unit, Singapore Economic Development Board’s EDB New Ventures subsidiary, Grantham Foundation, unnamed family offices and high-net-worth individuals based in Asia and Europe.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Mysten Labs Web3 infrastructure developer Financial US B 300 (updated) 08/11/2022 FTX (FTX Ventures) (lead), NCSoft, Jump Trading Group (Jump Crypto), Binance (Binance Labs), Coinbase (Coinbase Ventures), Circle (Circle Ventures), Dentsu (Dentsu Ventures); Andreessen Horowitz (A16Z Crypto), Apollo, Franklin Templeton, Lightspeed Venture Partners, Sino Global, Greenoaks Capital, O’Leary Ventures
TRM Labs Blockchain intelligence provider Financial US B 130 (updated) 9/11/2022 PayPal (PayPal Ventures), American Express (Amex Ventures), JP Morgan Chase, Citi (Citi Ventures), DRW Trading (DRW Venture Capital), Block, Visa; Thoma Bravo, Tiger Global, Jump Capital, Marshall Wace, B Capital Group, Bessemer Venture Partners, Blockchain Capital, Cap Table Coalition, Castle Island Ventures, Initialized Capital, Operator Partners
Xanadu  Photonic quantum computing platform IT Canada C 100 09/11/2022 Porsche; Georgian (lead), Forward Ventures, Alumni Ventures, Pegasus Tech Ventures, Bessemer Venture Partners, Capricorn, BDC Capital, Tim Draper, Silicon Valley Bank
Athletic Brewing Company Non-alcoholic craft beer maker Consumer US N/A 50 10/11/2022 Keurig Dr Pepper
Beekeeper Deskless work management platform  Services Switzerland C 50 09/11/2022 Edenred Group (Edenred Capital); EGS Beteiligungen, SwissCanto, Kreos Capital, Energize, Thayer, Keen Ventures, Alpana Ventures, Verve Capital
Fathom Medical coding automation company Healthcare US B 46 09/11/2022 Cedars-Sinai, ApolloMD; Alkeon Capital (co-lead), Lightspeed Venture Partners (co-lead), Vituity (Inflect Health), Founders Fund, Tarsadia
Limehome Serviced apartment provider Services Germany N/A 44.7 08/11/2022 AW Rostamani Group; Capital Four, HV Capital, Picus Capital, Lakestar
TV Tokyo Logic semiconductor maker IT Japan N/A 41 10/11/2022 NTT, Kioxia Holdings Corp, Sony, SoftBank, Toyota, Denso
Nabsys Electronic genome mapping company Healthcare US N/A 38 (updated) 09/11/2022 Hitachi (Hitachi High-Tech)
Macrometa Serverless application developer IT US N/A 38 09/11/2022 Akamai Technologies; Sixty Degree Capital, Shasta Ventures
PureFDA  Data services provider for medical devices Healthcare China B 13.7 10/11/2022 Legend Holdings (Legend Capital) (lead), Pharmaron/Legend Holdings (Bayland Capital)
Fez Retail digitalisation platform Services Japan D 12.3 10/11/2022 Dentsu (Dentsu Group), Sumitomo Corporation
Delysium AI-powered open world developer Media US N/A 10 17/10/2022 Immutable, GSR, Bitmain (Antalpha Ventures), Perion; Anthos Capital (lead), Blockchain Coinvestors, Leonis Capital, Formless Capital
Airgram  Productivity software provider Services Singapore N/A 10 09/11/2022 Pksha (Pksha Sparx Algorithm Fund); Hillhouse Capital (GL Ventures) (lead), Linear Capital, CDH Capital,
Notifi Cross-chain Web3 messaging layer Media US Seed 10 09/11/2022 Wintermute; Hashed (co-lead), Race Capital (co-lead), Struck Capital, HRT Capital, Temasek (Superscrypt)
Agent IQ Customer engagement software producer Financial US A 10 09/11/2022 First National of Nebraska; Mendon Venture Partners (lead), Acronym VC, Sierra Ventures
Sepana Decentralised Web3 search system Media Spain N/A 10 08/11/2022 Protocol Labs; Hack VC (lead), Pitango First, Lattice Capital, Balaji Srinivasan
Navignostics Immuno-oncology therapy developer Healthcare Switzerland Seed 7.7 09/11/2022 Bruker (Bruker Invest) (lead); Think.Health Ventures, Ventura Biomed Investors, Zürcher Kantonalbank
Anything World 3D animation software producer Media UK Seed+ 7.5 09/11/2022 Warner Music Group; Acrew Capital, Alumni Ventures
YonaLink Clinical trial software provider Healthcare Israel N/A 6 09/11/2022 Debiopharm (Debiopharm Innovation Fund) (lead); European Union, eHealth Ventures
Texture Solana-based decentralised finance platform Financial N/A N/A 5 04/11/2022 Wintermute, Jane Street (Jane Street Capital); P2P Capital (co-lead), Sino Global (co-lead), Semantic Ventures
Secure AI Labs  Clinical data registry provider Healthcare US Seed 4.7 08/11/2022 Mozilla (Mozilla Ventures); Asset Management Ventures (lead), Future Labs, York IE
Eterlast Web3 sports game publisher Media UK Seed 4.5 08/11/2022 ImmutableX; Supernode Global (lead), Stake Capital, Founders Factory
Electric Era Electric vehicle charging station operator Transport US Seed 4 09/11/2022 Proeza (Proeza Ventures); Remus Capital, Liquid 2 Ventures, Blackhorn Ventures
Faradai Energy-related data analytics platform Energy and Natural Resources UK A 2.4 09/11/2022 EdenBase (co-lead); Sangha Capital (co-lead), AcVentures, EthAum Venture Partners, Actai Ventures, unnamed angel investors
Nexta Operator of production management platform Smart F IT Japan Pre-A <1 ($680,000) 10/11/2022 Nippon Life (Nissay Capital); XTech Ventures
Mode Internet-of-things technology provider IT US N/A N/A 09/11/2022 Panasonic and SBI Group (Panasonic Kurashi Visionary Fund)
Uhuru Corporation Enterprise digitalisation platform IT Japan N/A N/A 10/11/2022 Kiyo Bank (Kiyo Capital Management)
Matillion Data productivity cloud provider IT UK N/A N/A 08/11/2022 Databricks (Databricks Ventures)
Elevate Security Workforce risk intelligence technology developer Services US N/A N/A 08/11/2022 Cisco (Cisco Investments)
Sendy Ecommerce logistics service Services Kenya N/A N/A 09/11/2022 Mitsui OSK Lines (MOL Plus)
Pantheon Lab Deep learning technology developer IT China Seed N/A 10/11/2022 Alibaba (Alibaba Hong Kong Entrepreneurs Fund) (lead)
Edison Fu

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