M12 has co-led a $34m round for Ox Security’s while SoftBank-backed Solfácil has upped its series C to $130m.
M&A
Perch, a US-based digital display technology developer backed by visual merchandising service The Visuality Corporation and cosmetics distributor Grace Beauty, was acquired by store equipment provider Raydiant for an undisclosed amount. The company had secured at least $3.8m in funding according to press releases and securities filings.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Solfácil | Solar energy finance provider | Financial | Brazil | C | 130 (updated) | 22/09/2022 | SoftBank; Fifth Wall (Climate Fund), QED Investors, VEF, Valor Capital Group |
| Ox Security | Software supply chain security platform | IT | Israel | N/A | 34 | 29/09/2022 | Microsoft (M12) (co-lead); Evolution Equity Partners (co-lead), Team8 (co-lead), Rain Capital |
| Qnovia | Inhaled nicotine replacement developer | Healthcare | US | A | 17 | 28/09/2022 | Digital Garage Group (DG Ventures); Blue Ledge Capital (lead), Evolution VC Partners, Gaingels, TL Capital, Vice Ventures |
| EverestLabs | AI operating recycling system developer | Energy and Natural Resources | US | A | 16.1 | 28/09/2022 | NEC (NEC Orchestrating Future Fund); Translink Capital (lead), BGV, Sierra Ventures, Morado Ventures, Xplorer Capital |
| Hofy | Enterprise equipment management service | Services | UK | B | 15 | 28/09/2022 | CNP Assurances (lead); Stride, 20VC, Day One Ventures, Kindred Capital, Activum, TrueSight |
| Aikon | Web3 onboarding software producer | IT | US | A | 10 | 29/09/2022 | Blizzard (Avalanche Fund); Morgan Creek Capital (Morgan Creek Digital) (lead), Up2Invest (Up2 Opportunity Fund), Hestia Investments, Yugen Partners, Mighty Capital, Alpha Edison, Think+ Ventures |
| Maev | Human-grade raw dog food brand | Consumer | US | N/A | 10 | 28/09/2022 | Delivery Hero (DX Ventures); VMG Partners (lead), BFG Partners, Willow Growth Partners, Springdale Ventures, Contrary Capital, Good Friends, 1st Course Capital |
| Vega Cloud | Cloud optimisation automation platform | IT | US | N/A | 9 | 29/09/2022 | Cowles Company; Album VC (co-lead), Sun Mountain Capital (co-lead), Kick-Start, Incisive Ventures, Rudeen & Company, Tacoma Ventures, Tapas Capital, Seattle Alliance of Angels, unnamed new and existing investors |
| Leoparda Electric | Rechargeable battery network for motorcycles | Transport | Brazil | N/A | 8.5 | 27/09/2022 | Auteco; Construct Capital (co-lead), Monashees (co-lead), Claure Capital, K50 Ventures, Climate Capital |
| Volantio | Airline revenue optimisation platform | Services | US | A | 6 | 29/09/2022 | Alaska Airlines, JetBlue (JetBlue Technology Ventures), International Airlines Group, Amadeus (Amadeus Ventures); DiamondStream Partners (lead), Ingleside Investors |
| Minteo | Latin America-focused NFT marketplace | Financial | N/A | Seed | 4.3 | 29/09/2022 | Capital Markets Trading (CMT Digital), OpenSea (OpenSea Ventures), Susquehanna International Group (Susquehanna Private Equity Investments); Fabric Ventures, Dune Ventures, Impatient VC, SevenX Ventures, FJ Labs, Big Brain Holdings, G20 Ventures, Alliance DAO, Zero Knowledge, unnamed angel investors |
| Bloobloom | Ethical eyewear brand | Consumer | UK | N/A | 4 | 27/09/2022 | Daily Mail and General Trust (DMG Ventures); Pembroke VCT (lead) |
| Block Green | Lending protocol for cryptocurrency miners | Financial | Switzerland | Seed | 3.7 | 22/09/2022 | Coinbase (Coinbase Ventures), Blizzard; Founders Fund (lead), Dao5 |
| Verifast | Financial verification software provider | IT | Canada | Seed | 3.5 | 28/09/2022 | M3 Financial Group (lead); Scott McGillivray, Michael Sarracini, Susan White Livermore |
| Scout | Online investment platform for university athletes | Financial | US | Seed | 2.6 | 29/09/2022 | Bertelsmann (Bertelsmann Digital Media Investments), OnDeck, OneTeam Partners; Chingona Ventures (lead), Reach Capital, Gaingels, Hustle Fund, Alive VC, Broadhaven Capital Partners (Broadhaven Ventures), Chris Paul, Vernon Davis, Tim Fong, Jay Kapoor, Jimmer Fredette, Kyle Hines |
| 7Analytics | AI-equipped flood prediction technology developer | IT | Norway | Seed | 2.5 | 29/09/2022 | AF Gruppen/Obos (Construct Venture); Momentum Partners (lead), Link Capital, Obos VC |
| Ovation | Online customer feedback platform | Services | US | N/A | 2 | 27/09/2022 | Branded Strategic Hospitality; York IE (lead), Monta Vista Capital, Steve Young, 500 Startups |
| MX Global | Digital asset exchange platform | Financial | Malaysia | N/A | 1.6 | 30/09/2022 | Binance (lead), Hachiman Technology |
| Rondo Energy | Renewable electricity and heat capture technology developer | Energy and Natural Resources | US | N/A | N/A | 28/09/2022 | Siam Cement Group |
| Diabetes Reversal Group | Non-drug diabetes treatment developer | Healthcare | UK | N/A | N/A | 29/09/2022 | Cerebain Biotech |
| Megasol | Solar module producer | Energy and Natural Resources | Switzerland | N/A | N/A | 29/09/2022 | Saint-Gobain |
