General Mills was among the investors in a $120m round for GrubMarket while Polaris and Hero MotoCorp helped Zero Motorcycles raise $107m.

M&A

Livestream concert organiser Driift has acquired Dreamstage, a US-based peer that is also backed by music streaming platform Deezer. Deezer was the majority owner of Dreamstage having first invested in May 2021, and held a minority stake in Driift. It provided an additional £4m ($4.5m) in funding alongside the latest transaction.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
GrubMarket Online fresh produce wholesale platform Consumer US N/A 120 29/09/2022 General Mills (301); Squarepoint Capital, Portfolia, Grosvenor Food & AgTech, Tiger Global, Liberty Street Funds, Walleye Capital
Zero Motorcycles Electric motorcycle and powertrain
manufacturer
Transport US N/A 107 29/09/2022 Polaris, Hero MotoCorp; Exor, Invus
Cortex Big data-equipped marketing software provider IT Brazil C 49.6 30/09/2022 SoftBank; Lightrock (lead), Endeavor (Endeavor Catalyst), Riverwood, Redpoint Ventures (Redpoint eVentures), C2 Partners
Adda247 Public examination preparation platform Services  India B 35 01/10/2022 Info Edge, Asha Edu Tech, Alphabet (Google); WestBridge Capital (lead), JM Financial
Bit2Me Cryptocurrency exchange operator Financial Spain N/A 29 30/09/2022 Telefónica (lead)
Noodle.ai Corrective platform for supply chain systems Services  US C 25 29/09/2022 ServiceNow (ServiceNow Ventures), Honeywell (Honeywell Ventures)
EV Motors Electric vehicle and charging technology producer Transport Japan C 21 30/09/2022 Mizuho Leasing, Yamanashi Chuo Bank Group (Yamanashi Central Bank Management Consulting), Wistron, Fukuoka Financial Group, Kyuden International, Sumitomo Mitsui Trust Holdings; Hibiki 
OneKey Crypto hardware wallet producer Financial China A 20 28/09/2022 Coinbase (Coinbase Ventures); Dragonfly (lead), Ribbit Capital, Framework Ventures, Sky9 Capital, Folius Ventures, Ethereal Ventures, Santiago Santos, Feng Liu
Pixie Dust Technologies  Ultrasound dementia treatment developer Healthcare Japan C 15 03/10/2022 Shionogi, Suzuyo, Nomura Kougei; IF Growth Opportunity Fund I, Tohoku University (Tohoku University Venture Partners), Axiom Asia Private Capital
Blowfish  Web3 fraud prevention software provider IT N/A N/A 11.8 30/09/2022 Uniswap (Uniswap Labs Ventures), 0x (0x Labs); Paradigm (lead), Dragonfly, Hypersphere
General Prognostics  Developer of blood biomarker digitisation technology Healthcare US Seed 3.25 30/09/2022 Ideo (D4V); Pete Moran, Masao Hitotsuyanagi, Hiroaki Kitano
Cycle Group  Service for electric bikes Transport Japan A 2.1 30/09/2022 Temona, Bank of Kyoto, Minato Bank, Osaka Shinkin Bank; Japan Asia Investment Co (lead), Daishin Securities (Daishin Startup Support No. 2 Fund), Future Venture Capital/ Digiara Capital (Kobe Startup Development No. 1 Fund), Dejiara Holdings, Kita Osaka Credit Banks  
FTV Labs Owner of field service management platform Kegmil IT Singapore Pre-A 1.5 30/09/2022 Mitsubishi Electric (ME Innovation Fund); Global Brain, Origgin, GHV Accelerator, Plug and Play Indonesia
LRM Information security software provider IT Japan N/A 1.3 30/09/2022 Mynavi, Asahi Shimbun (Asahi Media Lab Ventures), Mitsubishi UFJ (Mitsubishi UFJ Capital)
Robofull Data-equipped factory automation equipment provider Industrial Japan N/A 1 03/10/2022 Aichi Bank (Aichi Capital), Juroku Bank (Nobunaga Capital Village); SBI Holdings (SBI Investment), Anri, East Ventures
Wellcy CBD wellness product provider Healthcare Japan N/A <1 ($280,000) 30/09/2022 Seeker Creative Studio
Unchorlight Kenya Operator of on-demand ride BNPL service Zaribee Financial Kenya N/A <1 ($620,000) 30/09/2022 Honda (Honda Trading), Skylight Consulting
Green Ace Agricultural product manufacturer Industrial Japan Seed N/A 30/09/2022 Mitsubishi UFJ (Mitsubishi UFJ Capital); Future Food Fund (Future Food Fund No. 1), Leave a Nest Capital
RT Contract development service Financial Japan N/A N/A 30/09/2022 Mizuho Leasing (Future Creation Fund)
Duffle Airport shopping app operator Consumer Germany N/A N/A 30/09/2022 Gebr. Heinemann
Boka Restaurant Group Chef-focused restaurant chain operator Consumer US N/A N/A 30/09/2022 Levy
Man-Machine Synergy Effectors Smart robotics technology developer Industrial Japan B2 N/A 03/10/2022 Yamato Kogyo
Edison Fu

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