Telstra Ventures helped savings app developer Super raise $85m while ING Ventures was part of database software producer Weaviate's $50m series B.

Person Holding Silver Iphone 7

Fund

French cosmetics producer L’Oréal’s Bold unit supplied an undisclosed sum for DSG Consumer Partners IV, a fund run by India and Southeast Asia-focused investment firm DSG Consumer Partners. The fund is reportedly sized at about $125m.

M&A

Motor insurer Direct Line Group acquired By Miles, a UK-based flexible car insurance provider backed by carmaker Jaguar Land Rover and financial services firm CommerzBank, for an undisclosed sum. The company had raised more than $26m in total, as of an $18.3m series B round led by corporate venture capital unit CommerzVentures in 2020.

Dog food provider Butternut Box paid an undisclosed amount to buy Poland-based peer PsiBufet having taken part in the company’s PLN5m ($1.3m) seed round in early 2021.

Public markets

XJet, an Israeli 3D printing technology provider that counts architectural software developer Autodesk, printing technology producer Landa Digital Printing and high-tech equipment manufacturer Spirox among its investors, filed for an $8m initial public offering on the Nasdaq Stock Exchange.

Funding

US-based savings app provider Super.com raised $85m in series C funding from investors including Telstra Ventures, the venture firm spun off by telecommunications firm Telstra. The round was led by Inovia Capital and also featured Hyphen Capital, EDC, Plaza Ventures, Acrew, Lion Capital, Full In Partners and private investors Harley Finkelstein, Deb Liu, Allen Shim, Josh Proctor, Chris Best, Neha Narkhede, Mike Lee and Stephen Curry.

Company Company description Sector Country Round Round size($m) Deal date Investors
Weaviate Open-source vector database provider IT Netherlands B 50 21/04/2023 ING (ING Ventures); Index Ventures, Battery Ventures, NEA, Cortical Ventures, Zetta Venture Partners
Avalanche Energy Micro-fusion reactor developer Energy and Natural Resources US A 40 24/04/2023 Autodesk, Toyota (Toyota Ventures); Lowercarbon Capital (lead), Founders Fund, Congruent Ventures, Grantham Foundation, Clear Path, MCJ Collective, Climate Capital Syndicate
Luup Electric kickboard developer Transport Japan N/A 33.6 25/04/2023 Chishima Real Estate, Mitsui Fudosan (31Ventures), GMO Internet Group, Zenrin (Zenrin Future Partners), Mori Trust; Mitsubishi UFJ (Mitsubishi UFJ Capital), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), Anri, Spiral Capital, Chiba Dojo (Chiba Dojo Fund), i-Nest Capital, SMBC Nikko Securities, Green Co-Invest, Mitsubishi UFJ Trust and Banking Corporation, unnamed company
Inshur Digital insurance platform Financial US N/A 26 24/04/2023 Munich Re (Munich Re Ventures); Jerusalem Venture Partners, MTech Capital, Viola Group (Viola Fintech)
Community Text message-based communications and engagement app developer IT US N/A 25 24/04/2023 Salesforce (Salesforce Ventures), HubSpot, Verizon (Verizon Ventures), Golden State Warriors (GSW Ventures); Pier 70 Ventures, Backstage Capital, Wocstar Fund, Morgan Stanley (Morgan Stanley Next Level Fund)
Haltian Provider of consumer product development services Consumer Finland N/A 24.2 24/04/2023 Varma Mutual Pension Insurance Company, Ventic; Mandatum Asset Management (Mandatum Asset Management Growth Equity II Fund) (lead), Tesi, Inventure
Katmai Cloud-based 3D video conferencing platform Services US A 22 24/04/2023 Starr Global Holdings (Starr Insurance Companies) (lead); Sidney Rice
Riverlane Quantum computing software provider IT UK B 18.6 24/04/2023 Altair; Molten Ventures (lead), Cambridge Innovation Capital, Amadeus Capital Partners, British Business Bank (National Security Strategic Investment Fund)
VoltServer Power distribution product developer Energy and Natural Resources US B 17.5 19/04/2023 Constellation Energy (Constellation Technology Ventures), Southwire Company; Marker Hill Capital (lead), RightHill Ventures, Clean Energy Venture Group
Lokal Local online classifieds listings and content platform Media India B 14.6 25/04/2023 Sony (Sony Innovation Fund); Global Brain, India Quotient, unnamed existing investors
Neteera Technologies Patient monitoring technology provider Healthcare Israel B 13 25/04/2023 Ankor Holding, Omega Healthcare Investors; Aescuvest (lead), Nanz Family Office, Esas Holding (Esas Private Equity)
MetaGravity Blockchain and metaverse gaming infrastructure developer IT UK Seed 9.5 21/04/2023 Moonpay, Project Godijra, Perridon Holdings; Sino Global, Spartan Group, Market One Capital, Gravity Fund, Pancasila, Ex-Capital,  Mulana, Cogitent Ventures, Agrippa Capital, K5 Global Ventures
InfiniDome Developer of anti-jamming software for drone and vehicle GPS systems IT Israel A 9 24/04/2023 Hanwha Group (Hanwha Aerospace) (lead), Honeywell (Honeywell Ventures); Next Gear Ventures
Bixby  Credit information provider for loan issuers Financial US A 5.5 24/04/2023 Hearst/Fitch Group (Fitch Ventures) (lead)
Teahouse Finance Decentralised asset management platform Financial Taiwan N/A 5 24/04/2023 Perpetual Protocol; AppWorks (lead), Pantera Capital, NGC Ventures
Agnavi Owner of Japanese sake brands Ichi-Go-Can and Canapi Japan Seed N/A 25/04/2023 JR East (JR East Start Up), Tokyo Seikan Group; Mitsubishi UFJ (Mitsubishi UFJ Capital), Japan Finance Corporation, Shoko Chukin Bank 
Edison Fu

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