Salesforce, Nikkei and NTT Docomo exited Evernote in a Bending Spoons acquisition, while Alexandria Venture Investments-backed Acrivon went public.
Funds
Impact venture firm Sopoong raised $8m for its sixth fund, from limited partners including petroleum refiner GS Holdings, chemical producer Isu and Asan Nanum Foundation, which was set up by carmaker Hyundai Group, TechCrunch has reported. It will invest in environmentally-minded startups in South Korea and Southeast Asia.
Public markets
US-based precision oncology drug developer Acrivon Therapeutics floated on Tuesday in a $94.4m initial public offering that allowed Alexandria Venture Investments, the strategic investment arm of life sciences real estate investment trust Alexandria Real Estate Equities, to exit. The company, valued at approximately $234m in the IPO, had raised $115m as of its $100m series B round in November 2021.
M&A
Video editing tool developer bought Evernote, the note-taking app developer backed by media company Nikkei, mobile network NTT Docomo and enterprise software producer Salesforce, for an undisclosed sum. US-based Evernote had raised roughly $270m as of a $20m investment by Nikkei in 2014, and had been valued at $1bn the previous year.
Automotive manufacturer Stellantis agreed to acquire Hungary-based autonomous driving software developer AImotive in a deal of undisclosed size enabling industrial equipment maker Robert Bosch, networking technology producer Cisco, graphics chipmaker Nvidia and consumer electronics manufacturer Samsung to exit. It had raised $48.5m as of 2018, adding $20m in a June 2022 series C round.
Gene therapy developer Kriya Therapeutics is purchasing Redpin Therapeutics, a peer focusing on diseases of the nervous system, for an undisclosed sum. It closed $15.5m in series A funding from investors including Alexandria Real Estate Equities subsidiary Alexandria Venture Investments and Takeda Ventures, the investment arm of pharmaceutical firm Takeda, in early 2020.
Security deposit insurance provider Rhino agreed to buy the technology and assets of Deposify, an Ireland-based deposit management technology developer that counts Bank of Ireland and ecommerce software producer Escher Group as investors. The size of the deal has not been revealed.
Funding
| Company name | Company description | Sector | Country | Round | Round Size ($) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Cohabs | Co-living and shared home platform | Services | Belgium | N/A | 114 | 16/11/2022 | Belfius Insurance; Ivanhoé Cambridge, SFPIM (SFPIM – Real Estate) |
| Gaji Lab | Wellness curation platform | Healthcare | South Korea | N/A | 96.5 | 16/11/2022 | Kakao (Kakao Ventures); KB Financial Group (KB Investment), Digital Healthcare Partners, Base Investment, Mashup Angels |
| Syzygy Plasmonics | Manufacturing decarbonisation technology developer | Energy & Natural resources | US | C | 76 | 16/11/2022 | Saudi Aramco (Aramco Ventures), Chevron (Chevron Technology Ventures), Lotte Chemical, Toyota (Toyota Ventures), Equinor (Equinor Ventures), Pan American Energy, Sumitomo (Sumitomo Corporation of Americas); Carbon Direct Capital (lead), Evok Innovations, The Engine, Goose Capital, Horizons Ventures |
| Akeyless | Cyber authentication software producer | IT | Israel | B | 65 | 16/11/2022 | Nokia (NGP Capital); Team8 Capital, Jerusalem Venture Partners. |
| Haystack Oncology | Cancer diagnostics technology developer | Healthcare | US | A | 56 | 16/11/2022 | Bruker, Exact Sciences (Exact Ventures), Alexandria Real Estate Equities (Alexandria Venture Investments); Catalio Capital Management (lead) |
| JUCR | Vehicle charging technology developer | Transport | Germany | N/A | 33.3 | 16/11/2022 | Various German media companies (German Media Pool), Vector Informatik (Vector Venture Capital); 2bX |
| Lodgify | Business management platform | Services | Spain | B | 30 | 03/11/2022 | Medien Union Ludwigshafen (Intermedia Vermögensverwaltung); Octopus Ventures, Institut Català de Finances, Bonsai Partners, Aldea Ventures, Nauta Capital |
| Curevo Vaccine | Vaccine developer | Healthcare | US | A1 | 26 | 16/11/2022 | GC Biopharma; Janus Henderson Investors, RA Capital Management, Adjuvant Capital |
| Freshpaint | Customer data management platform | IT | US | A | 14.5 | 16/11/2022 | Intel (Intel Capital) (lead); Y Combinator |
| Atmos | Homebuilding management platform developer | Services | US | A | 12.5 | 15/11/2022 | JLL (JLL Spark); Khosla Ventures (lead), Y Combinator, Bedrock, Sam Altman, Keller Williams, Duke Angel Network, Stephen Pagliuca, Dylan Field |
| Primer | B2B marketing software producer | Media | US | A | 12 | 16/11/2022 | Slack (Slack Fund), Salesforce (Salesforce Ventures); Craft Ventures (lead), unnamed angel investors |
| Clarifruit | Supply chain management platform for fresh produce | Services | Israel | A | 12 | 16/11/2022 | Kubota; Champel Capital (lead), Firstime Ventures, NevaTeam Partners |
| Arcturus | Video editing and streaming software provider | Media | US | A | 11 | 16/11/2022 | Autodesk, Epic Games; Cloudtree Ventures (lead) |
| Goodera | Employee volunteering platform | Services | US | A | 10 | 16/11/2022 | Zoom (Zoom Ventures); Elevation Capital, Xto10X, Nexus Venture Partners, Omidyar Network, Ursula Burns, Binny Bansal |
| Virtualness | Web3 navigation platform for brands | Media | US | Seed | 8 | 17/11/2022 | Polygon (Polygon Ventures), Micron (Micron Ventures); Blockchange Ventures (lead), Impact Venture Capital, VC3 DAO, Carolyn Everson, Randi Zuckerberg, Nusier Yassin Amit Jain, Harsh Jain, Shayamal Vallabhjee, Stacy Brown-Philpot, Tom Cheung |
| 7879 | Online jewellery trading platform | Consumer | UK | Seed | 6.5 | 16/11/2022 | Anglo American Platinum (lead); Rainmaking |
| Segmed | Healthcare data imaging platform | Healthcare | US | Seed+ | 5.2 | 15/11/2022 | M3; Nina Capital (lead), iGan Partners, Mighty Capital, Expeditions Fund, Alchemist Accelerator |
| Aspivix | Gynaecology surgical instrument developer | Healthcare | Switzerland | A+ | 5 | 17/11/2022 | Hemex (lead); Zürcher Kantonalbank, 4Fox Ventures, LaunchPad APAC |
| Summer International | Beauty brand promoter | Consumer | US | Seed | 5 | 17/11/2022 | Gushcloud International; GDP Ventures, Teja Ventures, Koh Boon Hwee, Shirley Crystal Tan |
| Bruviti | Repair automation software provider | IT | US | A | 5 | 15/11/2022 | Marcone Group |
| Ayble | Digestive health platform for digestive disea | Healthcare | US | Seed | 4.6 | 16/11/2022 | Vituity (Inflect Health); Upfront Ventures (co-lead), M13 (co-lead), Founder Collective |
| PlayEmber | Web3 gaming monetisation platform | Media | UK | Pre-Seed | 2.3 | 15/11/2022 | Huobi (Huobi Ventures); Shima Capital (lead), Big Brain Holdings, Warburg Serres, Hyperithm, Lyrik Ventures |
| Woven | Business management software producer | Services | US | Seed | 1.5 | 15/11/2022 | Glow Brands (lead) |
| Aide Health | Remote healthcare platform | Healthcare | UK | Pre-Seed | 1.2 | 15/11/2022 | Porsche and Axel Springer (APX); Hambro Perks (EIS Fund) (lead), Fuel Ventures, 1818 Ventures |
| Vijya Fintech | Wealth management platform | Financial | India | Angel | 1 | 16/11/2022 | Narola Infotech Solutions; BP Wealth, Sagar Investments, GK Globas |
| HoloMatic | Autonomous driving technology developer | Transport | China | C2 | N/A | 16/11/2022 | Guangzhou Automobile Group (GAC Capital) (lead); Guangzhou Zhidou Investment Holding Group; Chaos Investment |
| Dekoruma | Online furniture marketplace | Consumer | Indonesia | N/A | N/A | 16/11/2022 | Djarum Group (lead), Siam Cement Group (Nexter Ventures); OCBC, Ondine Capital |
| Zeti | EV investment management platform | Financial | UK | N/A | N/A | 16/11/2022 | Toyota (Toyota Ventures); Powerhouse Ventures |
| Spardha | Online music platform | Media | India | N/A | N/A | 16/11/2022 | Entertainment Network India |
| Debrand | Returns management technology developer | Services | Canada | N/A | N/A | 15/11/2022 | Waste Management |
| Deep Optics | Adaptive focal glasses manufacturer | Consumer | Israel | N/A | N/A | 17/11/2022 | Fielmann (Fielmann Ventures) |
| Seedcorp|HO | Soy genetics technology provider | Industrial | Brazil | N/A | N/A | 16/11/2022 | UPL (Advanta Seeds), Bunge |
