Actis is set to acquire a majority stake in Mitsui and Equinor-backed Yellow Door Energy while GMO, Yara International and Digital Garage all backed Jai Kisan's $50m series B round.
Fund
Germany-headquartered automotive manufacturer Audi’s innovation lab, Audi Denkwerkstatt, has teamed up with investment firm Techstars to form a pre-accelerator. It will focus on early-stage digitalisation and mobility technology developers based in Europe, the Middle East and Africa, and is accepting applications until November 1 this year for a three-month cohort starting in January 2023.
M&A
Investment firm Actis has agreed to acquire a controlling stake in Yellow Door Energy, a United Arab Emirates-based solar power provider backed by conglomerate Mitsui and energy group Equinor, for an undisclosed amount. The company’s only disclosed funding is a $65m series A round in 2019 that included both corporates.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Jai Kisan | Rural resident-oriented credit provider | Financial | India | B | 50 | 29/07/2022 | GMO (GMO VenturePartners), Yara International (Yara Growth Ventures), Digital Garage/Daiwa Securities Group (DG Daiwa Ventures); Blume Ventures, Arkam Ventures, Mirae Asset, Snow Leopard Ventures, Northern Arc, Alteria, MAS Financial |
| Novasenta | Cancer therapeutics developer | Healthcare | US | A | 40 | 29/07/2022 | UPMC Enterprises (lead) |
| Clean Energy Connect | Solar power producer | Energy and Natural Resources | Japan | B | 13.7 | 01/08/2022 | Dai-ichi Life, Shimizu Corporation, Tokyu Construction (Tokyo-Const GB Innovation Fund), Kansai Electric Power Company (K4 Ventures), Itochu, SBI Holdings (SBI Investment) |
| Stadium Live | Gen-Z-focused sports fan platform | Media | Canada | A | 10 | 28/07/2022 | Dapper Labs (Dapper Labs Ventures); KB Partners (co-lead), Union Square Ventures (co-lead), 35 Ventures, Origins Fund, Position Ventures, Valhalla Ventures, 6th Man Ventures, Alumni Ventures, Breakout Capital |
| Quasar Finance | Blockchain project | Financial | Spain | N/A | 6 | 28/07/2022 | Figment (Figment Capital), Evmos; Polychain Capital, Blockchain Capital, Lightshift Capital, Galileo, Hash CIB, Sunny Aggarwal, Collin Myers, Richard Malone, Karel Kubat, Jacob Blish, Carlo Velten, David Menard, Simon Telian |
| OrBit Markets | Crypto product-focused liquidity provider | Financial | Singapore | N/A | 4.6 | 01/08/2022 | Matrixport (lead), Westridge Markets; Brevan Howard (Brevan Howard Digital), New Form Capital, Maven 11 |
| TartanHQ Solutions | Financial product development platform | Financial | India | Pre-A | 4.5 | 01/08/2022 | Info Edge (InfoEdge Ventures); 500 Global, 9Unicorns, AngelList Quant Fund, WorldQuant Ventures, Varanium GenNext Fund |
| Hutzper | AI-equipped manufacturing robot developer | Industrial | Japan | A | 3.2 | 01/08/2022 | Senshu Ikeda Bank (Senshu Ikeda Capital), Mitsubishi UFJ (Mitsubishi UFJ Capital), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), Resona Bank (Resona Capital); Anri (lead), Future Venture Capital, unnamed existing investors |
| Antric | Delivery vehicle manufacturer | Transport | Germany | N/A | 2.5 | 29/07/2022 | Cenntro Electric |
| Soundraw | AI-powered music composing service | Media | Japan | N/A | 1.4 | 29/07/2022 | Ceres, Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), SoftBank (Deepcore); ISGS Investment Works, Mint |
| Mygol | Golf simulator provider | Media | Japan | N/A | 1.1 | 01/08/2022 | Crooz |
| Eridan Communications | 5G power transceiver developer | Telecoms | US | N/A | N/A | 26/07/2022 | Mitsubishi Chemical Group (Diamond Edge Ventures) |
| Esep | Inorganic membrane separation technology developer | Industrial | Japan | N/A | N/A | 28/07/2022 | Mitsui Mining & Smelting (CVC department) |
