SAIC Motor’s Shang Qi Capital vehicle led RT Advanced Materials’ $740m series D round while Contentsquare pulled in $600m from investors including SoftBank Vision Fund 2.

Funding

Automotive manufacturer SAIC Motor’s Shang Qi Capital subsidiary has led a RMB5bn ($740m) series D round for RT Advanced Materials, a China-based producer of materials for use in lithium-ion batteries, DealStreetAsia reported yesterday. State Development and Investment Corporation was among the state-owned groups that took part in the round, through its SDIC Unity Capital fund, and undisclosed carmakers and battery producers made up the participants.

Contentsquare, a US-based provider of digital experience analytics software, secured $400m in series F equity funding from investors including telecommunications and internet group SoftBank’s Vision Fund 2, together with $200m in debt financing, doubling its valuation to $5.6bn in the process. Sixth Street Growth led the equity portion, which also featured BPIfrance, Canaan, Eurazeo, Highland Europe, KKR, LionTree and funds and accounts managed by BlackRock, while the debt financing came from BNP Paribas, Crédit Agricole Corporate & Investment Bank, Goldman Sachs, JP Morgan and Société Générale.

M&A

Financial services provider BMO Financial Group has agreed to buy Radicle Group, a Canada-based provider of sustainability measurement technology and advisory services, in a deal of undisclosed size that will allow telecoms firm Telus to exit. The corporate’s Telus Ventures unit had invested an undislcosed sum in Radicle in September 2021.

Electric vehicle technology provider EV Technology Group has paid $55.1m to increase its stake in UK-headquartered electric carmaker Moke International from 17.6% to 67.6%. EV Technology had made its initial investment in Moke in November 2021, and the latest deal gives it the option to wholly acquire the company.

Other funding

Company name Company description Sector Country Round Round size ($) Deal date Investors
Whatnot Live shopping platform operator Consumer USA D 260 21/07/2022 Alphabet (CapitalG); Bond, Andreessen Horowitz, YC Continuity
Meati Foods Mushroom-based food producer Consumer USA C 150 21/07/2022 Chipotle Mexican Grill (Cultivate Next); Revolution Growth, CPP Investments, Grosvenor Food & AgTech, Wellington Management
IQM Quantum Computers Superconducting quantum computer producer Information Technology Finland A2 128 21/07/2022 Tencent, OpenOcean, Varma; Bayern Kapital, EIC Fund, OurCrowd, Salvia, Santo Venture Capital, MIG Fonds, Matadero QED, Tesi, Vsquared, Maki.vc, Tofino
TomoCredit Migrant-focused online lender Financial USA N/A 122 (Equity and debt) 21/07/2022 Morgan Stanley (Next Level Fund), MasterCard; GoldHouse, Asian Hustle Network, Hyphen Capital
15Five Provider of employee performance management software Services USA C 52 21/07/2022 Siemens (Next47); Quad Partners (lead) Origin Ventures, Edison Partners, Matrix Partners, Point Nine Capital, New Ground Ventures
Zededa Edge computing orchestration platform Information Technology USA B 26 21/07/2022 Chevron (Chevron Technology Ventures), Porsche (Porsche Ventures), Samsung (Samsung Next), EDF (EDF North America Ventures), Rockwell Automation, Juniper Networks; Almaz Capital, Lux Capital, Coast Range Capital, Energize Ventures
Hashflow Decentralised finance trading platform Financial USA N/A 25 21/07/2022 Coinbase (Coinbase Ventures), Kraken (Kraken Ventures), Kronos Research, GSR, Autonomy, Wintermute Trading, Jump Trading (Jump Crypto); Electric Capital, Dragonfly Capital Partners, Fabric Ventures, Evernew Capital, Spacewhale Capital, Balaji Srinivasan, Meltem Demirors, Anthony Sassano, Jason Choi
Anvilogic Cybersecurity operations platform developer Information Technology USA B 25 21/07/2022 Xerox (Xerox Ventures); Outpost Ventures, Foundation Capital, G Squared, Point72 Ventures, Cervin Ventures
Mahalo Banking Banking services provider focusing on credit unions Financial USA N/A 20 19/07/2022 Superior Credit Union (co-lead), Community Credit Union (co-lead), Dover Federal Credit Union (co-lead)
Quantifi Photonics Photonics testing and measurement equipment maker Industrial  New Zealand C 15 21/07/2022 Intel (Intel Capital); unnamed existing investors
Priori Legal Online legal staff marketplace Services USA A-1 15 20/07/2022 Thomson Reuters (Thomson Reuters Ventures), Hearst (HearstLab); Eagle Proprietary Investments (lead), The LegalTechFund, Thirty Five Ventures, Peak6 Strategic Capital, Soma Ventures, Bridge Investments, Great Oaks Venture Capital, Jambhala, Mindset Ventures 
Treble.ai WhatsApp-based customer service tool developer Services Colombia A 15 21/07/2022 Twilio (Twilio Ventures); Tiger Global Management (lead), FundersClub, Gokul Rajaram
Brill Power Battery safety technology developer Energy and Natural Resources UK A 10.5 20/07/2022 Legal & General (Legal & General Capital) (co-lead), Barclays (Barclays Sustainable Impact Capital Programme) (co-lead), Shell (Shell Ventures); Oxford Science Enterprises, Oxford Investment Consultants, Oxford University, Climate KIC
KuCoin Cryptocurrency exchange Financial Seychelles N/A 10 21/07/2022 Susquehanna International Group
Virility Medical Premature ejaculation treatment developer Healthcare Israel N/A 10 21/07/2022 Migdal Insurance and Financial Holdings (lead); Arkin Investments
Natron Energy Sodium-ion battery manufacturer Energy and Natural Resources USA N/A 7 21/07/2022 Nabors Industries 
Bloom Banking app developer Financial Sudan Seed 6.5 20/07/2022 Visa; Y Combinator, Global Founders Capital, Goodwater Capital, VentureSouq, Arash Ferdowsi, Nicolas Kopp, Blaise Matuidi, Kieran Gibbs
Fairbanc Indonesia-focused buy now, pay later service Financial Singapore Pre-A 4.8 22/07/2022 Lippo Group; Vertex Ventures (lead), Asian Development Bank, Accion Venture Lab, East Ventures, 500 Global, Michael Smapoerna
Burger Singh Fast food chain Consumer India A 3.8 20/07/2022 Old World Hospitality; Negen Capital (lead), LetsVenture, RB Investments, Rukam Capital, KCT Family Office, VM Salgaocar Family Office, Rohit Khattar, Jasleen Royal 
Geekster Online upskilling platform developer Services India Pre-A 1.3 20/07/2022 MyNavi; Inflection Point Ventures (lead), We Founder Circle, Ah Ventures
Dovetail Interior design software producer Services USA Pre-seed 0.7 21/07/2022 Lake County Technologies
Hyphen Automated meal production technology developer Industrial  USA N/A N/A 21/07/2022 Chipotle Mexican Grill (Cultivate Next); Tiger Global Management, unnamed others
BCP Global Latin America-focused banking software provider Financial USA Seed N/A 19/07/2022 Banco Bradesco
AKA Robotics Intelligent robotics technology developer Industrial  China N/A 19/07/2022 Legend Holdings (Legend Capital); Cash Capital, Beyond Capital, Qianhai FOF 
H2 Green Steel Developer of an electrified steel production process Industrial  Sweden N/A N/A 20/07/2022 Hitachi (Hitachi Energy)
KaloCyte Developer of a red blood cell substitute Healthcare USA N/A N/A 20/07/2022 New York Blood Center
First Care Clinics Rural-focused clinical care provider Healthcare USA N/A N/A 20/07/2022 Fast Pace Health
Premier Lacrosse League Professional lacrosse league owner Media USA N/A 21/07/2022 World Wrestling Entertainment, Wheelhouse Entertainment; The Chernin Group (lead), Blue Pool Capital, Brett Jefferson Holdings, Thirty Five Ventures, Pomp Investments
Fur Ball Story Ayurvedic veterinary medicine provider Healthcare India N/A N/A 21/07/2022 Emami
Ecarx Automotive technology platform developer Transport China N/A N/A 21/07/2022 Luminar