SoftBank and Saudi Aramco co-led Noah Medical’s $150m series B round while Domain Therapeutics and AbCellera took part in a $142m series A for Abdera.

Engineers work with medical robotic equipment

Reverse merger

Nasdaq-listed special purpose acquisition company Anzu Special Acquisition Corp I agreed to merge with Envoy Medical Corporation, a US-based developer of treatments for the hearing impaired that counts hearing aid provider Starkey Hearing Technologies as an investor. Starkey provided $10m for a $16.4m round in 2010 that lifted Envoy Medical’s total funding to $140m.

Funding

Noah Medical, a US-based developer of navigated robotic bronchoscopy technology, raised $150m in a series B round co-led by SoftBank Vision Fund and Prosperity7 Ventures, subsidiaries of telecommunications and internet group SoftBank and oil and gas producer Saudi Aramco respectively. The round included Hillhouse Capital, Sequoia China, Shangbay Capital, Uphonest Capital, Summed Capital, Lyfe Capital, 1955 Capital, AME Cloud Ventures and undisclosed other investors.

Company Company description Sector Country Round Round size($m) Deal date Investors
Abdera Therapeutics Metastatic cancer therapy developer Healthcare US A 142 20/04/2023 Domain Therapeutics Group (AdMare BioInnovations), AbCellera; VenBio Partners (lead), Northview LifeSciences (Northview Ventures), Versant Ventures, Amplitude Ventures, Viking Global Investors, Qiming Venture Partners (Qiming Venture Partners USA), RTW Investments
EdgeQ 5G semiconductor system developer IT US B 75 19/04/2023 ST Engineering; Hellenic Corporation of Assets and Participations (Phaistos Investment Fund), United Arab Emirates Tawazun Council (Strategic Development Fund), EDBI, Irongrey, Yaletown, ClearSky
Mooncard Corporate payment card and expense management software provider Financial France C 40.6 19/04/2023 Orange (Orange Digital Ventures) (lead); Portage Ventures, Blackfin Capital Partners, Partech Partners, Groupe Arnault (Aglaé Ventures), Raise Ventures
CropX Agricultural data analytics platform Industrial Israel C 30 19/04/2023 Aliaxis (lead), NTT (NTT Finance Corporation), Reinke Irrigation; Finistere Ventures, Edaphon, OurCrowd, Victrix, Yair Shamir
3D Glass Solutions Glass-equipped IT integration technology developer IT US 30 19/04/2023 Intel (Intel Capital), Lockheed Martin (Lockheed Martin Ventures), Applied Materials (Applied Ventures); Walden Catalyst Ventures (lead), Cambium Capital, Mesh
Avalor Data fabric-focused cybersecurity software provider IT Israel A 25 18/04/2023 Salesforce (Salesforce Ventures); TCV (lead)
E-magy Nano-porous silicon provider Industrial Netherlands N/A 22.4 19/04/2023 Hydro; Invest-NL, Rubio, Shift Invest, PDENH
Optable Advertising-focused data collaboration platform Media Canada A 20 19/04/2023 Hearst (Hearst Ventures), Deloitte (Deloitte Ventures); Brightspark Ventures, Desjardins Capital, AsterX
Lexion AI-driven contract and workflow management platform Services US B 20 19/04/2023 Citi (Citi Ventures), Wilson Sonsini; Point72 Ventures (lead), Khosla Ventures, Madrona Venture Labs (Madrona Venture Group)
Karate Combat Martial arts sports league Media US N/A 18 19/04/2023 Wanxiang (Hashkey Capital), Delphi Digital; Bitkraft Ventures (lead), The Operating Group, Alpha Wave Global, M13, Santiago Santos, RooxieXBT, Madrona Venture Group (Lattice Fund)
Novalith Technologies Carbon dioxide-based lithium extraction technology provider Energy and Natural Resources Australia A 15.2 19/04/2023 TDK (TDK Ventures); Lowercarbon Capital (lead), Clean Energy Finance Corporation, Grantham Environmental Trust (Neglected Climate Opportunities Fund), Investible
Santé Académie Online medical education platform Services France A 13.1 18/04/2023 Sipa Ouest France Group (Sofiouest), MAIF (MAIF Avenir); BPIfrance (Digital Venture Fund), Serena, Racine2
Quantum Source Developer of photonics quantum computing technology IT Israel N/A 12 19/04/2023 Dell (Dell Technologies Capital) (lead); 10D, Eclipse VC, Grove Ventures, Pitango First
Rally Ecommerce checkout platform developer Financial US A 12 18/04/2023 Kraken (Kraken Ventures); March Capital (lead), Felix Capital, Commerce Ventures, Afore Capital, Alumni Ventures
Dexter Energy Weather forecasting and dispatching technology provider Services Netherlands B 11.5 18/04/2023 Astelia; ETF Partners (lead), Rockstart, Newion, PDENH
Biome Biodiversity-focused big data app developer IT Japan B 2.5 20/04/2023 KDDI (KDDI Green Partners), JGC Holdings (JGC Mirai Innovation Fund); Kips (The Independents Angel Fund & The Independents Angel Fund 2), Mizuho Bank (Mizuho Capital), Kyoto Shinkin Bank (Kyoshin Innovation C2), Future Venture Capital, Kyoto Chuo Shinkin Bank (Chushin Venture Capital), Kamakura Investment Management, Mitsubishi UFJ (Mitsubishi UFJ Capital), Bank of Kyoto (Kyogin Lease & Capital), Kyoto Angel Fund (equity); Japan Finance Corporation (debt)
Prodrone Flying truck developer Industrial Japan N/A N/A 20/04/2023 Jtekt
Edison Fu

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