Rakuten-backed Base Food is set to list on TSE’s Growth Market in an IPO valuing it at $329m while Mitsui was part of a $400m round for Yellow Door Energy.

Public markets

Base Food, the Japan-based nutritious bread and pasta brand backed by ecommerce firm Rakuten, has been approved to list on the Tokyo Stock Exchange’s Growth Market on November 15 in an initial public offering valuing it at ¥48.3bn ($329m). It is set to offer some 2.7 million shares with an additional 961,000 set aside for the greenshoe option. Mitsubishi UFJ Morgan Stanley Securities is lead underwriter.

M&A

Social network operator Talenthouse has acquired Coolabi Group, a UK-based brand management platform backed by commercial bank Santander Corporate & Commercial, for an undisclosed amount.

Visual collaboration platform operator Miro has paid an undisclosed amount to buy Around, a US-based videoconferencing app developer backed by workplace messaging software provider Slack. The corporate’s Slack Fund took part in a $10m series A round in March 2021 that lifted Around’s total funding to over $15m.

Aerial reality capture technology developer DroneDeploy has purchased StructionSite, a US-based ground reality capture system provider that counted conglomerate GS Group and construction firms Cemex, PCL Construction and Obayashi Corporation as investors, for an undisclosed sum. The company had raised $20m as of January this year.

Fund

Egypt-based venture capital fund Nclude has raised an undisclosed amount from payment services firm MasterCard in a bid to back financial technology developers focusing on financial inclusion.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Yellow Door Energy Solar project developer Energy and Natural Resources UAE N/A 400 13/10/2022 Mitsui; International Finance Corporation, Actis, Arab Petroleum Investments Corporation
Odyssey Therapeutics Oncology medicine developer Healthcare US B 168 13/10/2022 Alexandria Real Estate Equities (Alexandria Venture Investments), GlaxoSmithKline (SR One); General Catalyst (lead), Fidelity Management & Research Company, T Rowe Price Associates, GreatPoint Ventures, Catalio Capital Management, Walleye Capital, SVB Securities (Healthcare Innovation Investment Fund), OrbiMed, Foresite Capital, Logos Capital, Woodline Partners, HBM Healthcare Investments, Colt Ventures, Creacion Ventures, unnamed institutional investors
Inari Sustainable seed designer Industrial US E 124 05/10/2022 Hanwha (Hanwha Impact Partners); Canada Pension Plan Investment Board, Pictet Group (Banque Pictet), NGS Super, Sage Hill Investors
NorthOne Online banking app operator Financial US B 67 14/10/2022 Kaiser Permanente, Tencent; Battery Ventures (lead), Don Griffith, Drew Brees, Ferst Capital Partners, FinTLV, Next Play Capital, Operator Stack, Redpoint Ventures, Ruby Ventures, Tom Williams
GoHenry Banking service for under 18’s Financial UK N/A 55 13/10/2022 Nexi; Edison Partners, Revaia 
Cherry Street Energy Solar energy provider Energy and Natural Resources US N/A 40 13/10/2022 Ebsco Industries
Nxyz Blockchain infrastructure technology developer IT US A 40 12/10/2022 Coinbase (Coinbase Ventures); Paradigm (lead), Greylock Partners, Sequoia Capital, Balaji Srinivasan, Jaynti (JD) Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee, Ryan Selki
Vita Therapeutics Cancer and neuromuscular therapy developer Healthcare US B 31 12/10/2022 Cambrian BioPharma (lead), Cedars Sinai; Solve FSHD, Riptide Ventures 
Metalenz Sensory optics technology provider  Industrial US B 30 13/10/2022 Intel (Intel Capital), TDK (TDK Ventures), 3M (3M Ventures), Baidu Group (Baidu Ventures), Merck Group (M Ventures); Neotribe Ventures (lead), Foothill Ventures, Osage University Partners, Global Brain, Hegemon Capital, SGInnovate, Braemar Energy Ventures
SecuriThings Optimisation software provider for security devices IT Israel B 21 13/10/2022 Swisscom (Swisscom Ventures); US Venture Partners (lead), Aleph, Firstime VC, Cresson Management
Telda Consumer finance app developer Financial Egypt Seed 20 12/10/2022 Block; Global Founders Capital (lead), Sequoia Capital
Carvolution Car subscription service Transport Switzerland D 16.1 14/10/2022 Mobiliar, Ringier (Ringier Digital Ventures); Redalpine (lead), Armada Ventures
Nudge Challenger bank operator Financial Japan A 15.9 12/10/2022 KDDI (KDDI Open Innovation Fund), Itochu, Sumitomo (Sumitomo Venture Partners), Mitsubishi, Mitsubishi UFJ (Mitsubishi UFJ Innovation Partners), Hakuhodo (Hakuhodo DY Ventures), BellSystem24, Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), Mizuho Bank (Mizuho Capital), Juroku Bank (Nobunaga Capital Village); One Capital (lead)
Zerion Mobile wallet for Web3 users Financial US B 12.3 12/10/2022 Wintermute (Wintermute Ventures) (lead), Coinbase (Coinbase Ventures); Placeholder, Mosaic, Polymorphic Capital, Alchemy Ventures, Yunt Capital, Sergej Kunz, Anton Bukov, Orest Gavryliak, Grégoire Le Jeune
Spren Cardiac biomarker technology developer Healthcare US Seed 11.3 13/10/2022 DraftKings (Drive by DraftKings) (lead); Boston Seed Capital, Karlani Capital, Permit Ventures, Eli Manning, Theo Epstein
Eclipse Modular rollup developer for the Solana blockchain IT US Seed 9 12/10/2022 CoinList; Tribe Capital (co-lead), Tabiya (co-lead), Infinity Ventures Crypto, Soma Capital, Struck Crypto
Eclipse Modular rollup developer for the Solana blockchain IT US Pre-Seed 6 12/10/2022 Polygon (Polygon Ventures); Polychain (lead), Tribe Capital, Tabiya, Galileo, Accel
Waste4Change Solid waste management service Industrial Indonesia A 5 14/10/2022 Basra Corporation, Sinar Mas (SMDV); AC Ventures (co-lead), Barito Mitra Investama (co-lead), Paloma Capital, Delapan Satu Investa, Living Lab Ventures, Urban Gateway Fund
Nickels  Financial health improvement service Financial US Seed 4 12/10/2022 CUSO (Reseda Group); Flyover Capital (lead) Detroit Venture Partners, Michigan Rise
Samp Industrial project management platform Industrial France N/A 3.9 13/10/2022 Engie (Engie New Ventures); Innovacom, High-Tech Gründerfonds
Another Works Second job matching platform Services Japan B 3.1 12/10/2022 Mizuho Bank (Mizuho Capital), Oita Bank (Oita Venture Capital); QR Investment, Pegasus Tech Ventures, Shoji Yanagida, Yuma Umeda, Tatsuya Suzuki
Obatala Sciences Drug discovery and development company Healthcare US A 3 14/10/2022 Oschner Lafayette (Ochsner Lafayette General Healthcare Innovation Fund II); Être Venture Capital (lead), Benson Capital Partners, Elevate Capital Fund, Hackett-Robertson-Tobe Group
PostCoffee Online coffee retailer Consumer Japan A 2.9 12/10/2022 Mitsui Sumitomo Insurance (Mitsui Sumitomo Insurance Venture Capital), Giftee, Mitsubishi UFJ (Mitsubishi UFJ Capital), Voyage Group (Carta Ventures)
RootRez Lodging ecommerce platform Services US Seed 1.8 13/10/2022 Goodwill Group (GW Capital) (co-lead); Peak Capital Partners (co-lead)
PaylessGate Identity authentication platform IT Japan Pre-A 1.6 12/10/2022 Kajima (Kajima Ventures); University of Tokyo (University of Tokyo Edge Capital Partners)
PetVoice Pet monitoring system developer Services Japan Pre-A 1 12/10/2022 Credit Saison (Saison Ventures), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital); Future Venture Capital (co-lead), Spiral Innovation Partners (T&D Innovation Fund) (co-lead)
New Space Intelligence Satellite data provider spun out of Yamaguchi University Industrial Japan N/A <1 ($200,000) 13/10/2022 Chuden Engineering Consultants; Yamaguchi Capital (Fun Fun Drive), unnamed angel investors
NFTarts Operator of NFT project Metaidol Financial Japan Seed N/A 14/10/2022 Edia
LX Design Teacher staffing service Services Japan Seed N/A 12/10/2022 Benesse (Benesse Digital Innovation Fund)
LossZero Food waste reduction service Consumer Japan N/A N/A 13/10/2022 Asahi Broadcasting Corporation (ABC Dream Ventures); Future Venture Capital, Japan Startup Support Association, unnamed angel investors
Carmine Therapeutics Non-viral gene therapy developer Healthcare US A1 N/A 13/10/2022 Simcere Pharmaceuticals; Huagai Capital (lead), EVX Ventures, Cystic Fibrosis Foundation 
Credi2 Buy now, pay later software developer Financial Austria N/A N/A 12/10/2022 Volkswagen (Volkswagen Bank)
Intertrust Disritbuted computing service provider IT US N/A N/A 12/10/2022 JERA (lead)
Cylo Identity access technology developer IT Israel N/A N/A 12/10/2022 IBM (IBM Ventures)
Edison Fu

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