AbbVie is acquiring Amgen-backed DJS Antibodies for $255m while Legend Holdings took part in a $56.6m series C round for VectorBuilder.
M&A
DJS Antibodies, the UK-based inflammatory disease-focused antibody therapy developer backed by Amgen, has been acquired by another pharmaceutical firm, AbbVie, for $255m. Amgen unit Amgen Ventures contributed to an $8.4m round for the company in late 2020.
Metaverse developer Translucia has purchased Infofed, the Thailand-based esports software platform that counts video game media group GameWith and event management portal operator EventPop as investors, for an undisclosed amount.
Naborly, the US-based credit check services provider backed by rental insurance group Assurant Insurance, has been bought by property technology company SingleKey for an undisclosed sum. Assurant took part in its $7.5m seed round in 2019.
Home automation service Alarm.com has acquired US-based personal safety app developer Noonlight for an undisclosed amount, allowing online dating platform operator Match Group to exit. The company had raised $12m before Match added an undisclosed sum in early 2020.
Fund
US-based flexible office provider Workbox has formed a corporate venturing arm called Workbox Ventures to back developers of products focusing on the future of work, covering human resources, financial and property technology. Phillip Leslie will oversee the unit as managing partner.
Public markets
Prime Medicine, the US-based curative genetic therapy developer backed by internet technology group Alphabet, has listed on the Nasdaq Global Market in a $175m initial public offering. Alphabet unit GV held a 14.6% stake prior to the IPO, which involved Prime issuing almost 10.3 million shares priced at $17.00 each.
Droom Technology, the India-based online automotive marketplace backed by multiple corporates, has cancelled a $361m initial public offering. It had filed for the IPO on the Securities and Exchange Board of India in November 2021.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| VectorBuilder | Gene delivery technology developer | Healthcare | China | C | 56.6 | 20/10/2022 | Legend Holdings (Legend Capital); Guzngzhou Industrial Investment and Capital Operation Group, Yuexiu Financial Holdings (Industrial Fund), Wanlian Securities, Suikai Investment |
| Banyan | Stock data network operator | Financial | US | A | 43 | 20/10/2022 | FIS Impact Ventures; Fin Capital (co-lead), M13 (co-lead), Western Alliance Bank (Bridge Bank), Interplay, TTV Capital |
| SubjectWell | Chronic disease diagnosis platform | Healthcare | US | B | 35 | 20/10/2022 | Bertelsmann; Asset Management Ventures (lead), Healthy Ventures, Windham Venture Partners, Geekdom Fund |
| PIC Therapeutics | Drug-resistant breast cancer treatment developer | Healthcare | US | A | 35 | 19/10/2022 | Harrington Discovery Institute; OrbiMed (lead), Lumira Ventures, Advent Life Sciences, Belinda Termeer |
| Baseload Capital | Geothermal climate investment fund | Energy and Natural Resources | Sweden | N/A | 24 | 20/10/2022 | Chevron (Chevron Technology Ventures), Baker Hughes; Breakthrough Energy (Breakthrough Energy Ventures), Sustainable Development Capital, Gullspång Invest |
| Skuaf | Digital payroll platform | Financial | Singapore | A | 15 | 19/10/2022 | Gojek (Go-Ventures) (lead), Mindlance; Beenext, Anthemis, NMVM, unnamed angel investors |
| Levidian | Graphene-based hydrogen energy provider | Energy and Natural Resources | UK | N/A | 13.4 | 20/10/2022 | Baker Hughes |
| Limber Health | Musculoskeletal care provider | Healthcare | US | A | 11 | 21/10/2022 | Blue Cross and Blue Shield (Blue Venture Fund); Glenview Capital |
| Ordo | Open banking fintech platform | Financial | UK | A | 11 | 19/10/2022 | Equinox Systems (lead) |
| Vestr | Investment management platform | Financial | Switzerland | N/A | 9.8 | 19/10/2022 | Raiffeisen Bank International (Elevator Ventures) (lead), Zürcher Kantonalbank, SIX Group (SIX Fintech Ventures); EquityPitcher Ventures |
| Mindful Care | Mental healthcare provider | Healthcare | US | B | 7 | 19/10/2022 | Venkon Group; Sopris Capital (lead), University of Chicago, Caruso Foundation |
| Ellona (formerly Rubix S&I) | Developer of industrial pollutant identification technology | Industrial | France | A | 6.9 | 19/10/2022 | Airbus (Airbus Ventures), Groupe ADP; PureTerra Ventures (lead), M Capital |
| Youvit | Gummy vitamin manufacturer | Healthcare | Indonesia | B | 6 | 21/10/2022 | Unilever (Unilever Ventures) (lead), British American Tobacco, Wipro Consumer Care (Wipro Consumer Care Ventures); DSG Consumer Partners, ACA Investments |
| Hello Divorce | Divorce finance platform | Financial | US | Seed | 3.25 | 19/10/2022 | Northwestern Mutual (Northwestern Mutual Future Ventures), Cuna Mutual Group (CMFG Ventures Discovery Fund); The Artemis Fund (lead), Gaingels, Lightbank, CEAS Investments, Jack Newton, Pitbull Ventures, Chaos Ventures, Sand Hill Angels |
| Arcade2Earn | Solana-based gaming platform | Media | US | Seed | 3.2 | 19/10/2022 | Crypto.com (Crypto.com Capital) (lead), GSR, KuCoin (KuCoin Labs), Solana (Solana Ventures); Shima Capital |
| Crewdible | Micro-warehousing startup | Consumer | Indonesia | N/A | 3.2 | 20/10/2022 | Bukalapak (lead); Ondine Capital, 500 Southeast Asia, Aldi Haryopratomo |
| Wilkinson Baking | Bread-baking robot creator | Industrial | US | Seed | 3 | 20/10/2022 | Rich Products (Rich Products Ventures); Ken Peterson |
| Generation Prime | Digital in-vitro fertilisation service provider | Healthcare | US | N/A | 3 | 18/10/2022 | Thompson Medical Group; Recharge Capital (lead), Disney Family (Shamrock Holdings) |
| Exodigo | Subsurface imaging software provider | Industrial | Israel | N/A | N/A | 20/10/2022 | National Grid (National Grid Partners) |
| Visionary.ai | AI video enhancement technology developer | Media | Israel | N/A | N/A | 20/10/2022 | National Grid (National Grid Partners) |
| ReeNT | Middle ear inflammation therapy developer spun out of Jikei University School of Medicine | Healthcare | Japan | A | N/A | 21/10/2022 | Nippon Life (Nissay Capital), Mitsubishi UFJ (Mitsubishi UFJ Life Science Fund 3) |
| Adhese | Advertising technology developer | Media | Netherlands | N/A | N/A | 19/10/2022 | Ahold Delhaize |
