Q2 Holdings has acquired National Bank of Canada and OpenText-backed Sensibill while ArcelorMittal's XCarb unit was part of Form Energy’s $450m series E round.
M&A
Banking-focused digitalisation technology provider Q2 Holdings has acquired Sensibill, a Canada-based financial institution-focused data aggregator backed by financial services firm National Bank of Canada and enterprise software provider OpenText, for an undisclosed amount. Both corporates took part in a 2019 series B round which hiked Sensibill’s overall funding to over $46m.
Nutrition analysis software provider Esha Research has merged with FoodLogiq, a US-based food safety monitoring service backed by quality management tool manufacturer Testo, meat processor Tyson Foods and consultancy Clarkston-Potomac. FoodLogiq had raised at least $29.5m as of a $10m round in 2019.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Form Energy | Grid-scale battery technology developer | Energy and Natural Resources | US | E | 450 | 04/10/2022 | ArcelorMittal (XCarb); TPG (TPG Rise Climate) (lead), GIC, Canada Pension Plan Investment Board, Capricorn Investment Group, Coatue, Energy Impact Partners, The Engine, NGP (NGP ETP), Temasek, Prelude Ventures, VamosVentures, Breakthrough Energy (Breakthrough Energy Ventures) |
| Korea Credit Data | Merchant-focused digital financial services provider | Financial | South Korea | D | 70 | 06/10/2022 | Fiserv, LG Corporation (LG Uplus), KB Kookmin Bank, KB Securities, GS Group (GS Holdings), KT Corporation (KT Investment), Shinhan Card, Samsung (Samsung Fire & Marine Insurance), Kakao; Temasek (Pavilion Capital), Kclavis |
| Kneron | Edge AI technology developer | IT | US | B | 48 | 05/10/2022 | Liteon, Adata, Foxconn; Horizons Ventures (lead) |
| WorkSpan | Sales management software provider | IT | US | C | 30 | 05/10/2022 | Microsoft (M12); Insight Partners (lead), Mayfield |
| Patronus | Digital emergency tool developer for seniors | Healthcare | Germany | A | 26.5 | 05/10/2022 | Hubert Burda Media (Burda Principal Investments); Singular (lead), Adjacent, Cavalry Ventures, UVC Partners |
| EcoCart | Sustainable ecommerce platform | Consumer | US | A | 14.5 | 05/10/2022 | Capital One Financial (Capital One Ventures), Ryder Systems (Ryder Ventures); Fifth Wall (Fifth Wall Climate) (lead), SVB Capital, Sree Sreedhararaj, Nikila Srinivasan, Base10 Partners, SuperAngel.Fund, Ben Jabbawy, |
| Amplify Life Insurance | Digital life insurance provider | Financial | US | N/A | 10.1 | 03/05/2022 | Munich Re (Munich Re Ventures) (lead); Crosslink Capital, Greycroft, Conversion Capital |
| Qunnect | Quantum internet technology developer | IT | US | A | 8 | 05/10/2022 | Airbus (Airbus Ventures) (lead), SandboxAQ; Quantonation, Impact Science Ventures, Motus Ventures, Empire State Development (NY Ventures) |
| Olive Diagnostics | Urinary analysis device developer | Healthcare | Israel | Seed | 7.3 (updated) | 04/10/2022 | Amgen (Amgen Ventures), Mayo Clinic, Maccabi Healthcare Services; eHealth Ventures, The Israel Innovation Authority |
| Spexi | Drone imagery provider | IT | Canada | Seed | 5.5 | 05/10/2022 | InDro Robotics, Dapper Labs, Protocol Labs; Alliance DAO, FJ Labs, Adam Jackson, Vinny Lingham, CyLon (CyLon Ventures), Fort Capital |
| Halo Car | Teleoperations and car sharing service provider | Transport | US | Seed | 5 | 06/10/2022 | T-Mobile (T-Mobile Ventures); At One Ventures (lead), Earthshot Ventures, Boost VC |
| Lasso Labs | Off and on-chain record data platform | IT | US | N/A | 4.2 | 05/10/2022 | OpenSea; Electric Capital (lead), Ethereal Ventures, Village Global, Page One Ventures, Sriram Krishnan, 0x650d, Chandan Lodha, Will Papper, David Choi, Soso Sazesh |
| Hume AI | AI communication tool provider | IT | US | N/A | 3 | 29/09/2022 | Northwell Holdings (Northwell Ventures) |
| ZenQMS | Digital quality management software provider | Services | US | N/A | N/A | 04/10/2022 | Susquehanna International Group (Susquehanna Growth Equity) |
| Jingle Pay | Finance transfer app developer | Financial | UAE | N/A | N/A | 06/10/2022 | MoneyGram |
| Izumi Network Yugen Kaisha | Recruitment and translation service | Services | Japan | N/A | N/A | 06/10/2022 | SoftBank |
