Corporate-backed WVV Capital helped paediatric health startup Bend Health raise $32m while Snowflake contributed to a $28m round for data collaboration platform Hex.
M&A
Collaborative product development platform Bamboo Rose has acquired US-based consumer product software provider Backbone PLM for an undisclosed amount, allowing Novel TMT Ventures, the venture capital firm formed by backed by telecommunications company Novel, to exit. Novel TMT backed the company’s $18m series A round in 2019.
Funding
Bend Health, a US-based provider of youth and family-oriented remote behavioural healthcare, has raised $32m in seed and series A fudnding, with the latter round including WVV Capital, a partnership formed by corporates Advocate Aurora Health, Foxconn, Johnson Controls and Northwestern Mutual. The series A also featured Maveron and SteelSky Ventures.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Hex | Collaborative data platform operator | IT | US | N/A | 28 | 23/03/2023 | Snowflake; Sequoia Capital (lead), Andreessen Horowitz, Amplify Partners |
| 1X (formerly Halodi Robotics) | Humanoid robot manufacturer | Industrial | Norway | A2 | 23.5 | 23/03/2023 | OpenAI (OpenAI Startup Fund) (lead), Renault/Nissan/Mitsubishi (Alliance Ventures); Tiger Global Sandwater, Skagerak Capital |
| Axios HQ | AI-driven communication software subsidiary of tech media platform Axios | Services | US | A | 20 | 24/03/2023 | Cox Enterprises; Glade Brook Capital Partners (lead), Greycroft |
| OQmented | Developer of augmented reality display and 3D sensing technology | Media | Germany | A | 20 | 27/03/2023 | Sharp; Salvia, Vsquared Ventures, unnamed others |
| Keri Medical | Hand and wrist implant developer | Healthcare | Switzerland | N/A | 19.7 | 24/03/2023 | Medartis Holding |
| Air2O | Provider of advanced thermal management software | Energy and Natural Resources | US | N/A | 14.1 | 22/03/2023 | Eren Groupe |
| Aumet | Data exchange platform for healthcare providers | Healthcare | Saudi Arabia | Pre-A | 7 | 18/03/2023 | Cigalah Group; AAIC, AIJ Holdings, Hamad Ali Sagri family office, Tijah Holdings, Shorooq Partners |
| Particle Network | Web3 authentication technology provider | Singapore | N/A | 7 | 25/03/2023 | Animoca Brands, Wanxiang (HashKey); Longhash Ventures, GSR Ventures, ArkStream Capital, OP Crypto | |
| Nav.it | Employee-focused financial health management platform | Financial | US | N/A | 3.3 | 24/03/2023 | Stena Group (lead), Sonae (Bright Ventures); TNF Capital |
| eRockit | Electric scooter producer | Transport | Germany | N/A | 1.1 | 24/03/2023 | Motovolt |
| Narwhal Finance | Decentralised cross-market trading platform | Financial | Denmark | Seed | 1 | 27/03/2023 | Animoca Brands (Animoca Ventures) (lead); Hailstone Ventures, unnamed angel investors |
| LandVault | Metaverse infrastructure developer | IT | UAE | N/A | N/A | 23/03/2023 | Animoca Brands/Softbank (The Sandbox), Gemini (Gemini Frontier Fund); Kingsway Capital, HodlCo, unnamed hedge fund |
