Sumitomo participated in Zebra Labs’ $5m round while investors including FTX Ventures and Aptos provided $3m in pre-seed funding for Martian.

Alter metaverse avatars
Image courtesy of Alter.

M&A

Internet technology group Alphabet’s Google subsidiary has paid $100m to acquire Alter, the US-based metaverse avatar developer backed by social media platform Twitter, TechCrunch has reported.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Zebra Labs Celebrity fanbase metaverse platform Media China N/A 5 30/10/2022 Sumitomo; NetDragon
Martian  Web3 wallet platform Financial  US Pre-Seed 3 31/10/2022 FTX (FTX Ventures), Aptos; Race Capital (lead), Superscrypt, Jump Capital
LinkedAI AI skin diseases detection platform Healthcare Colombia N/A <1 ($500,00) 18/10/2022 Globant (Globant Ventures)
Moonshot Commons Gen-Z web3 engineer community operator Media China Seed N/A 31/10/2022 Mask Network, IoTex; HashKey Capital (lead), Hash Global, ChainIDE, Paeonia Ventures, RSS3
Aerialoop  Drone delivery airline Industrial  US N/A N/A 27/10/2022 Coca-Cola Argentina/Arcor/SAIC (Kamay Ventures)
Ugo DX robotics developer Industrial  Japan N/A N/A 28/10/2022 Yaskawa Electric, Kawasaki Heavy Industries, Mitsubishi UFJ (Mitsubishi UFJ Capital), Seibu Shinkin Bank (Seibu Shinkin Capital), Tsukui (Tsukui Capital); Monozukuri Ventures
Edison Fu

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