Alexandria Real Estate-backed Acrivon has filed to go public while H2 Green Steel increased its corporate-backed series B round to $255m.

Public markets Acrivon Therapeutics, the US-based oncology therapy developer backed by life sciences real estate investment trust Alexandria Real Estate Equities, has filed for an initial public offering on the Nasdaq Global Market. Its overall funding stood at over $115m as of November 2021. Reverse merger Oculis, the Switzerland-based eyesight treatment developer backed by pharmaceutical firm Novartis and property developer Nan Fung, is set to merge with Nasdaq-listed special purpose acquisition company European Biotech Acquisition Corp. The deal gives it a post-transaction enterprise value of about $220m and will be boosted by nearly $80m in private investment financing from investors including Novartis Venture Fund, Nan Fung’s Pivotal BioVenture Partners unit, Earlybird, VI Partners and funds managed by Tekla Capital Management. Funding CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsH2 Green SteelSustainable steel producerIndustrial SwedenB255 (updated)19/10/2022Hitachi Energy, Marcegaglia, Kobe Steel, Schaeffler Group, Kingspan; Kinnevik, Vargas Holdings, Swedbank Robur, Imas Foundation, GIC, FAM, Altor, Cristina Stenbeck, Daniel EkViome Life Sciences Nutrition-based health companyHealthcareUSC6718/10/2022Glico, Physician Partners; Bold Capital Group (lead), Khosla Ventures, West River Group, Ocgrow VenturesOrionis BiosciencesCancer therapeutics developerHealthcareUSN/A5519/10/2022Novartis; Cormorant Asset Management (lead)OrbexOrbital launch services provider Industrial UKC45.418/10/2022Jacobs; Scottish National Investment Bank (lead), BGF, Heartcore Capital, High-Tech Gründerfonds, Danish Green Future Fund, Octopus Ventures, Verve Ventures, Phillip and James ChambersTrendExpressChina-focused cross-border business platformServicesJapanC2219/10/2022Globis (Globis Capital Partners) (lead), Dentsu (Dentsu Ventures), MTG (MTG Ventures), AirTrip; JIC Venture Growth Investments, Japan Asia Investment Company (WM Partners), Sapphire Capital, Dream Incubator (Dimension), DNX VenturesNeuchips Deep learning recommendation platformITUSB22017/10/2022Wistron, Powerchip Group, Raydium Semiconductor Corporation; Jafco AsiaSensatEnvironmental data platform Energy and Natural ResourcesUKB18.818/10/2022National Grid (National Grid Partners) (lead); Innovate UK, Round Hill VenturesChainSafeBlockchain infrastructure firmITCanadaA18.7518/10/2022Wanxiang (HashKey Capital), Digital Finance Group; Round13 (lead), NGC Ventures, Sfermion, Jsquare, Fenbushi CapitalShardeumSmart contract platform FinancialSwitzerlandSeed18.219/10/2022CoinGecko (CoinGecko Ventures), Jane Street, Wemade, ZebPay; Struck Crypto, The Spartan Group, Big Brain Holdings, DFG, Ghaf Capital Partners, Foresight VenturesFabric SystemsCrypto hardware manufacturerFinancialN/ASeed1313/10/2022Blockchain.com; Metaplanet, 8090 PartnersSafelyShort-term rental insurance providerFinancialUSN/A1219/10/2022Greenlight Re (Greenlight Re Innovations); Lago Innovation Fund (lead), Highgate Technology Ventures, unnamed existing investorsFeelNutritional supplements providerHealthcareUKA11.318/10/2022British American Tobacco (Btomorrow Ventures), ITV (ITV AdVentures); Velocity Capital Advisors (lead), Fuel Ventures, TMT Investments, unnamed angel investorsTembiciMicro-mobility platformTransportBrazilN/A10.618/10/2022Mastercard, Vanti, Banco ItaúVitureMixed reality glasses providerMediaUSA1019/10/2022Bertelsmann (BAI Capital); Verity VenturesEcoligoRenewable energy investment platformFinancialGermanyA9.817/10/2022Abdul Latif Jameel Energy (Fotowatio Renewable Ventures – FRV-X)TSOLifeAI-equipped business intelligence platformITUSA918/10/2022Omega Healthcare Investors, Link-age (Ziegler Link-age Fund III); Arnie Whitman (lead), FreebeeElectric vehicle ride hailing serviceTransportUSA820/10/2022BP (BP Ventures) (lead); Tensile MobilityAxoftNeurological disorder treatment developerHealthcareUSSeed818/10/2022Mintz; The Engine (lead), Ab Initio Capital, Decent Capital, Alumni Ventures, Safar Partners, AIBasis, LiquidMetal VC, Taihill Venture, Amino Capital, Blindspot VenturesCoreZeroCarbon credit system developerEnergy and Natural ResourcesMexicoN/A718/10/2022Femsa (Femsa Ventures); Nazca (lead), Inter-American Development Bank…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.