Novo Holdings led a $75m series C round for Kate Farms while PayU and InfoEdge Ventures participated in DotPe’s $58m series B.

M&A

Last-mile delivery service Instabox has merged with Budbee, a Sweden-based smart lock technology provider backed by fashion retailer H&M, in a SEK18bn ($1.7bn) deal.

Fund

Italian bank Intesa Sanpaolo’s Neva unit has raised €250m ($250m) for its first fund to back Europe-based startups. In addition to Intesa Sanpaolo, other banking foundations including Compagnia di San Paolo, Cariparo and Carilucca contributed to the fund.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Kate Farms Plant-based formula provider Consumer US C 75 19/09/2022 Novo Holdings (lead), Kaiser Permanente (Kaiser Permanente Ventures); Goldman Sachs Asset Management, Main Street Advisors, unnamed existing private investors
DotPe Commerce and payment platform Financial India B 58 19/09/2022 Prosus (PayU), InfoEdge (InfoEdge Ventures); Temasek (lead), Mitsubishi & Naya Capital
Draftea Fantasy sports league platform Media Mexico A 20 01/09/2022 StepStone (lead); Kaszek, Sequoia, Bullpen and Courtside Ventures, Cristiano Ronaldo, Travis Kelce, Kevin Durant
Taqtile AR-equipped job training technology developer Services US N/A 5 16/09/2022 Mesmerise, Downer Group; Ascend, Innovation Lab
SerMorpheus Web3 brand-retail platform Consumer Indonesia Seed 2.5 16/09/2022 Bank Rakyat Indonesia (BRI Ventures); Intudo Ventures (lead), 500 Global, Febe Ventures, AlphaLab Capital, Caballeros Capital
Neutronpay Bitcoin-based payment platform Financial Canada Seed 2.25 16/09/2022 Republic; Hivemind Ventures (lead), with participation from Cavalry, Ride Wave, Studio VC, Iterative Capital Management, Fulgur Ventures, Bill Crowley, Lisa Shields
Agridesa Landowner and producer matching platform Industrial Indonesia Pre-seed <1 ($200,000) 16/09/2022 Triputra Group (Triputra Agro Persada); Multifield
Brudeli Green Mobility Electrified commercial vehicle provider Transport Norway N/A N/A 16/09/2022 Leax Group
Triternion Slasher game developer Media Slovenia N/A N/A 16/09/2022 Tencent
Salt Security API security system provider IT US N/A N/A 19/09/2022 CrowdStrike (Falcon Fund)
Edison Fu

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