Reliance Egypt participated in Trukker’s $100m series C round while Merck, Eli Lilly and Heritage Medical all backed Photys’ $75m series A.

M&A

Investment firm Francisco Partners has paid $750m to acquire a 90% stake in Kobalt, a US-based music services provider backed by media firm Hearst and internet group Alphabet, according to Music Business Worldwide.

Fund

Germany-based baking ingredient provider Martin Braun-Gruppe has formed a corporate venturing arm in a bid to back bakery technology developers, having teamed up with agritech-focused accelerator StartLife for the initiative.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Trukker Lorry-focused digital network operator Transport UAE C 100 08/09/2022 Reliance Egypt; Investcorp (lead),  Mubadala Investment Company, Riyad Valley Capital, March Holding
Photys Therapeutics Phosphorylation-inducing chimeric small molecule medicine developer Healthcare US 75 08/09/2022 Merck & Co (MRL Ventures Fund), Eli Lilly, Heritage Medical Systems; MPM Capital (lead), Omega Funds,  Longwood,  8VC, Arkin Bio, Mass General Brigham Ventures,
LiveScore Group Real-time sports updates and streaming provider Media UK N/A 50 07/09/2022 Ringier
Taranis Crop intelligence provider Industrial Isreal D 40 07/09/2022 Farglory Group, Hitachi (Hitachi Ventures), Micron (Micron Ventures) Sumitomo (Presidio Ventures), Wilbur Ellis (Cavallo Ventures), United Microelectronics Corporation (UMC Capital); Inven Capital (lead), Temasek Holdings (Vertex Growth), Viola Ventures, Vertex Ventures Israel,  La Maison Partners, K3 Ventures, OurCrowd, iAngels Ventures, Finistere Ventures, Eyal Gura, Seraphim Space (Seraphim Space Investment Trust)
Isovalent Open source technology developer IT US B 40 07/09/2022 Microsoft (M12), Alphabet (Google), Cisco; Thomvest Ventures (lead), Grafana Labs, Andreessen Horowitz, Mango Capital, Mirae Asset Capital.
PolyAI Enterprise voice assistant provider Services UK B 40 07/09/2022 Twilio (Twilio Ventures); Georgian (lead), Khosla Ventures, Point72 Ventures, Amadeus Capital Partners 
ClearMotion Proactive ride system  Transport US N/A 39 07/09/2022 Nio (Nio Capital) (lead), Bertelsmann (BAI Capital); Franklin Templeton, NewView Capital, Acadia Woods Partners
Localyze International staffing service Services Germany B 35 07/09/2022 Web Summit (Web Summit Fund); General Catalyst (lead), Visionaries Club, Frontline Ventures, Job van der Voort
SteelEye Compliance technology data platform IT UK B 21 08/09/2022 Fidelity International (Fidelity International Strategic Ventures); Ten Coves Capital (lead), Illuminate Financial,  Beacon Equity Partners,
Healthily AI-equipped symptom checking app Healthcare UK N/A 20 07/09/2022 Reckitt; Orkla Ventures, Smedvig Capital, Smedvig Capital
Arpeggio Biosciences Drug development platform Healthcare US 17 07/09/2022 Tencent; Builders VC (lead), Khosla Ventures, FundersClub, Alice Zhang, Fifty Years, ATEM Capital, Formic Ventures, Tau Ventures, Milad Alucozai, Matthew De Silva, TechU Ventures
Elise Connected engineering platform Industrial Germany 14.8 07/09/2022 BMW (BMW i Ventures); Spark Capital (lead), Cherry Ventures, UVC Partners, Venture Stars
Edupia Online English tutoring and learning platform Services Vietnam 14 08/09/2022 Alibaba/Ant Financial (eWTP Capital); Jungle Ventures (lead), ThinkZone Ventures
Gameplay Galaxy A Web3 powered gaming ecosystem Media US Seed  12.8 07/09/2022 Com2uS, Solana (Solana Ventures); Blockchain Capital (lead), Merit Circle, Mysten Labs, Hustle Fund, Yield Guild Games
Circuit On-demand electric shuttle service Transport US 11 07/09/2022 Citi (Citi Impact Fund); Tribeca Venture Partners (lead), Impact Engine, Groundswell Ventures, Gaingels, Cleantech Incubator (LACI) Impact Fund, Forefront Venture Partners
Momnt Technologies Lending and payment platform Financial US N/A 9.5 07/09/2022 Yamaha Motor (Yamaha Motor Ventures)
Ayekart Food and agri chain-focused integrated platform Industrial India N/A 5.5 07/09/2022 Siply Services; Caspian Debt
RiceWine Owner of sake brand Hinemos Consumer Japan 2 08/09/2022 Lotte (Lotte Ventures Japan), Bank of Yokohama (Yokohama Capital), Mitsubishi UFJ (Mitsubishi UFJ Capital); Dimension (lead)
GalaxySpace  Commercial aerospace firm Industrial China N/A N/A 07/09/2022 Construction Bank Corporation (CCB International) (lead), Legend Holdings (Legend Capital); Anhui Sanzhongyichuang Industry Development Fund, Hefei Industry Investment and Sincere Fund, Chaos Investment
Ori Architectural robotics-based interior designer Services US N/A N/A 07/09/2022 Eugene Group (lead), Sumitomo Corporation (Presidio Ventures), Alphabet, Ikea (Ingka Investments); Khosla Ventures, Geolo Capital
Conception X PhD deeptech venture programme Services UK N/A N/A 08/09/2022 XTX Markets (XTX Ventures)
Edison Fu

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