Jielong Industry Group and Nio took part in the first close of PCG Power’s $72.7m series A round while NAB led Datamesh’s $30m series A.

Solar Technician Installing Solar Panel

M&A

IndiGG, the India-headquartered operator of an NFT-based play-to-earn platform, has been acquired by Web3 gaming technology and investment startup Kratos Studios through a token swap deal of undisclosed size allowing blockchain game publisher Animoca Brands and crypto consultancy Emfarsis to exit. Both contributed to a $6m round for IndiGG in January 2022.

Roostify, a US-based mortgage lending software developer backed by financial services firms JPMorgan Chase, Santander and USAA, has been purchased by real estate data aggregator CoreLogic for an undisclosed amount. Roostify’s total funding stood at over $65m as of a $32m series C round in early 2021.

Funding

China-based solar photovoltaic energy producer PCG Power has raised RMB500m ($72.7m) from investors including printing and real estate group Jielong Industry Group and Nio Capital, which was formed by carmaker Nio, for the first close of its series A round. Huamei International Investment Group, Eastern Bell Capital, ​​Rockets Capital and Xiaofanzhuo also participated in the round, as did unnamed solar power providers.

Company Company description Sector Country Round Round size($m) Deal date Investors
Datamesh  Payment processing technology provider Financial China A 30 22/02/2023 National Australia Bank (NAB Ventures) (lead), Deutsche Bank, ANZ Banking Group (1835i Ventures)
Vitally Customer relationship management platform  Media US B 30 22/02/2023 Siemens (Next47) (lead), HubSpot (HubSpot Ventures); Andreessen Horowitz, NewView Capital
Kratos Studios Web3 gaming product developer Media India Seed 20 23/02/2023 Prosus (Prosus Ventures), Nazara Technologies; Accel Partners (lead), Nexus Venture Partners, Courtside Ventures, unnamed others
Schoo Employee-focused learning platform Services Japan E 15.9 22/02/2023 Dai-ichi Life Insurance, Chugoku Electric Power; Incubate Fund (lead), SBI Shinsei Bank, Shoko Chukin Bank
Future Fields Developer of fruit fly-derived protein production technology Industrial Canada N/A 11.2 23/02/2023 Toyota (Toyota Ventures) (co-lead); Bee Partners (co-lead), Builders VC, AgFunder, Amplify Capital, Milad Alucozai, Green Circle Foodtech, Siddhi Capital, Climate Capital
Azra Games Web3 game developer Media US Seed 10 (updated) 21/02/2023 Coinbase (Coinbase Ventures); Andreessen Horowitz (lead), NFX, Play Ventures, Franklin Templeton
DirectID  Credit scoring and risk decision making platform Financial UK N/A 9.5 22/02/2023 Ikea (Ingka Investments)
Lemu Nature conservation support network Financial  Chile A 8 22/02/2023 Arauco (Arauco Ventures)
Swap Robotics Robotic mower producer Industrial Canada Seed 7 21/02/2023 Solv Energy (lead); SOSV (HAX)
Sentio Monitoring and log management app developer IT US N/A 6.4 21/02/2023 Wanxiang (HashKey Capital); Lightspeed Venture Partners (lead), GSR Ventures, Canonical Crypto, Essence VC
Den Cryptocurrency wallet operator Financial US Seed 2.8 22/02/2023 Ideo (Ideo CoLab Ventures) (lead); Gnosis
GovForce Government contractor compliance enforcement platform Energy  US Seed 2.5 21/02/2023 Cambrian; QED Investors (lead), Humba Ventures, NextGen Venture Partners
Polybase Privacy-focused decentralised database operator IT US Pre-seed 2 23/02/2023 Protocol Labs, Capital Markets Trading (CMT Digital); 6th Man Ventures (lead), Orange DAO, Alumni Ventures, NGC Ventures, Upfront Ventures, unnamed others
The Broadway Exchange Digital collectibles marketplace for theatre producers Media US Seed 2 22/02/2023 No Guarantees (lead)
Microverse Web3 content creation platform Media Japan Pre-A 1.5 22/02/2023 Giftee, Cygames (Cygames Capital); Genesia Ventures, B Dash Ventures, F Ventures
Vulse Social media platform Media UK N/A N/A 22/02/2023 CarbonCode
Edison Fu

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