Advance and Take-Two Interactive are exiting the mobile gaming studio in a purchase by Savvy Games, while Noventric helped smart thermostat provider Tado° boost its latest round to $60m.

Funds

Phosphate provider OCP Group joined Mohammed VI Polytechnic University to provide $200m of capital for Bidra Innovation Ventures, a US-based venture capital firm focused on energy, water, mining and agriculture technology. The same investors had supplied $50m for a Bidra agtech fund a year ago.

M&A

Savvy Games, a gaming and esports group backed by Saudi Arabia’s Public Investment Fund, agreed to acquire US-based mobile game developer Scopely for $4.9bn, a 50% premium on the valuation of its last round, a $340m series E in 2020 that took its total funding to $900m. Exiting investors include media group Advance and video game publisher Take-Two Interactive.

Funding

Germany-based smart thermostat producer Tado° increased its latest funding round to €55m ($60m) with additional funding from building digitisation technology provider Noventic and S2G Ventures, which led the second tranche, as well as Trill Impact Ventures, Bayern Kapital, Kiko Ventures, Swisscanto and Target Partners. All but S2G were part of the round’s $46.9m first close in January this year.

Company name Company description Sector Country Round Round size ($) Deal date Investors
Soft Space Digital payment technology provider Financial Malaysia B 31.5 06/04/2023 Transcosmos, JCB; Southern Capital Group (lead), KB Investment/RHL Ventures (Hibiscus Fund)
Oxos Medical Advanced X-ray system developer Healthcare US A 23 05/04/2023 Intel (Intel Capital) (co-lead); Parkway Venture Capital (co-lead)
M^Zero Labs Decentralised finance technology provider Financial Germany N/A 22.5 05/04/2023 Santander (Mouro Capital); Pantera Capital (lead), Road Capital, Standard Crypto, The Salt Fund, ParaFi Capital, Distributed Capital, Kraynos Capital, Earlybird, Airtree
Mojo Vision Micro-LED technology developer IT US A 22.4 06/04/2023 Liberty Global (Liberty Global Ventures); New Enterprise Associates (lead), Kholsa Ventures, Dolby Family Ventures, Fusion Fund, Drew Perkins, Open Field Capital, Edge VC
Birdview Creator of mobile beauty ecommerce platform Hwa-Hae Consumer South Korea N/A 17.4 05/04/2023 Poongsung Group (PS Alliance)
Seenons Waste recycling facilitator Services Netherlands Seed 10.9 05/04/2023 Swiss Post; CapitalT, Tablomonto Ventures, Invest-NL, Shamrock Ventures 
Hype (FKA Pico) Marketing and payment platform for small businesses Financial US A 10 05/04/2023 Bloomberg (Bloomberg Beta); King River Capital (lead),  Bullpen Capital, Precursor Ventures, Tapestry VC, Sterling Road
Cranium AI security technology developer IT US N/A 7 05/04/2023 KPMG (KPMG Studio); SYN Ventures
Bacu Technology-equipped restaurant chain Consumer Colombia Seed 6 29/03/2023 Kamay Ventures; Benchstrenght Capital, Hof Capital, Reshape Ventures, H20 Capital Innovation, Simón Borrero, Felipe Villamarín, Ángela Acosta 
Wamazing Japan-focused tourism services platform  Services Japan C 4.6 (updated) 04/04/2023 Sankei Building, Persol (Persol Venture Partners), Chugoku Electric Power Company; Higo Bank (Higin Capital II Investment Limited Partnership), Shiga Bank (Shigagin Local Revitalization SD Fund Investment Limited Partnership), Gogin Capital 
Zero Cow Factor Microbial dairy  Consumer India Seed 4 05/04/2023 Calidad Pascual (Pascual Innoventures); Green Frontier Capital (co-lead), GVFL (co-lead), Pi Ventures
TipHaus Provider of hospitality tip distribution software Financial US N/A 3.5 03/04/2023 Sugar Mountain; Fuse (lead), Bill Moore
Franklin Developer of cross-border crypto payroll software Financial US Seed 2.9 05/04/2023 Capital Markets Trading (CMT Digital) (co-lead), Arca; Gumi Cryptos (co-lead)
Phoska Biophar Precision cancer therapeutics developer Healthcare Singapore N/A 1.2 06/04/2023 Sprim (Sprim Ventures); Albrekca 
Tokai Rika Automotive interior technology manufacturer Transport Japan N/A N/A 05/04/2023 Tanaakk