360 Security and CATL helped Hozon Auto close a $1.5bn series D while Origin Energy and Tokyo Gas backed a $550m round for Octopus Energy.
Reverse mergers
Satellite operator Eutelsat agreed yesterday to merge with portfolio company OneWeb, the UK-based developer of a satellite internet system. Eutelsat owned 22.9% of the company as of October 2021 and OneWeb’s other investors include satellite services provider Hughes Network Systems, telecommunications and internet group SoftBank and Hanwha Systems, a smart technology subsidiary of conglomerate Hanwha. OneWeb’s backers will get 230 million newly issued Eutelsat shares that will represent 50% of the enlarged share capital.
Funding
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Hozon Auto | Electric car manufacturer | Transport | China | D | 1,500 (updated) | 21/07/2022 | 360 Security Technology, CATL; Dayone Capital, Shenzhen Capital Group, Qianhai FOF, Hongtai Aplus, Insight Capital, Dianshi Zichan |
| Octopus Energy | Renewable energy supplier | Energy | UK | N/A | 550 (updated) | 26/07/2022 | Origin Energy, Tokyo Gas; Canada Pension Plan Investment Board (CPP Investments), Generation Investment Management |
| Origin Quantum | Quantum computing technology developer | IT | China | B | 148 | 26/07/2022 | Bank of China (Bank of China Group Investment); Shenzhen Capital Group (Hotland Innovation Asset Management) (lead), Citic Securities, China International Capital Corporation |
| Balance | Digital payment services provider | Financial | Israel | B | 56 | 26/07/2022 | Salesforce (Salesforce Ventures), HubSpot (Hubspot Ventures); Forerunner Ventures (lead), Lyra Ventures, Gramercy Funds Management (Gramercy Ventures), Jeff Wisener, Marcelo Cortes, Ribbit Capital, Lightspeed Ventures, Avid Ventures, Upwest, Jibe |
| Nanosys | Quantum dot and micro-LED display technology provider | IT | US | B | 50 | 25/07/2022 | SoftBank (Fortress Investment Group) (lead); Centerbridge, Kilonova |
| Finexio | Accounts payable services provider | Financial | US | N/A | 14 | 25/07/2022 | National Bank Holdings Corporation (co-lead), Discover Financial Services; Mendon Venture Partners (co-lead), Post Road Partners, The Banc Funds, EOM Investments |
| Nas Academy | Creator-focused e-learning platform | Services | Singapore | B | 12 | 27/07/2022 | FTX (FTX Ventures); Pitango, Beco Capital, HOF Capital, Jack Conte, Nikhil Kamath, Lightspeed Venture Partners |
| Terass | Real estate transaction digitalisation service | Services | Japan | B | 7.3 | 27/07/2022 | Globis (Globis Capital Partners) (co-lead), SBI Holdings (SBI Investment) (co-lead), Mitsubishi UFJ (Mitsubishi UFJ Capital); Incubate Fund, Combo |
| Atato | Licensed digital asset custodian | Financial | Singapore | A | 6 | 27/07/2022 | Babel Finance, NFT1; AlphaLab Capital (lead), Febe Ventures, NGC Ventures, January Capital, SOSV, Huashan Capital, Tom Trowbridge, Wing Vasiksiri, Dan Bertoli |
| Packworks | Micro-retail management software developer | Consumer | Philippines | N/A | 2 | 27/07/2022 | Fast Logistics Group (lead), Telkom Indonesia (Arise); CVC Capital Partners, Asian Development Bank (ADB Ventures), Techstars, Ideaspace Foundation |
| Luca Japan | Alternative investment platform developer | IT | Japan | Angel | 1.8 | 26/07/2022 | Credit Saison (Saison Ventures); East Ventures, Launchpad Fund, Headline Asia, Finolab, Plug and Play |
| Spotlite | Satellite imagery system developer | Industrial | Portugal | Seed | 1.5 | 25/07/2022 | Indico (lead), EDP (EDP Ventures); Portugal Ventures, Shilling |
| Fondi | English conversation practice-focused metaverse developer | Services | Japan | N/A | 1.2 | 27/07/2022 | Coconala (Coconala Skill Partners), Digisearch & Advertising, CyberAgent (CyberAgent Capital); Anri, Skyland Ventures, 90s, Now, Kei Nakazawa |
| PulsESG | Environmental, social and governance management services provider | Services | US | N/A | N/A | 25/07/2022 | Accenture (Accenture Ventures) |
| Solena Materials | Synthetic clothing fibre developer | Consumer | Germany | N/A | N/A | 26/07/2022 | Insempra |
| Minsetsu | Investor relations communication platform | Services | Japan | N/A | N/A | 27/07/2022 | Japan Exchange Group, JPX Market Innovation & Research |
| Ubie | AI-equipped symptom search engine operator | Healthcare | Japan | N/A | N/A | 27/07/2022 | Chubu Electric Power |
