Contemporary Amperex Technology was among the investors in Zeekr’s $750m series A round while Bank Al Jazira led a $156m series C.

A Healthcare Worker Measuring a Patient's Blood Pressure Using a Sphygmomanometer

Reverse merger

LanzaTech, a US-based carbon capture technology developer backed by corporate investors ArcelorMittal, Mitsui, Novo, Siemens and Petronas, has listed on Nasdaq, having completed a reverse merger with special purpose acquisition company AMCI Acquisition Corp II. The new entity, called LanzaTech Global, will have a market capitalisation of $2bn.

Nasdaq-listed automotive data marketplace Otonomo Technologies has agreed to merge with Urgent.ly, a US-based roadside assistance provider backed by corporates BMW, Porsche, Jaguar Land Rover, Verizon, Allianz and American Tire Distributors, helping the latter go public.

Public markets

Mineralys Therapeutics, a US-based hypertension therapy developer backed by pharmaceutical firm GlaxoSmithKline, has priced its initial public offering of 12 million shares at $16 apiece. The listing on the Nasdaq Global Select Market will give the company about $192m in proceeds.

Funds

Fubon Life Insurance, the insurance subsidiary of conglomerate Fubon Financial Holdings, has committed $70m to Platinum Equity Capital Partners VI, a buyout fund for Platinum Equity. The corporate has also agreed to invest $2m in QED Fund VIII, a fund overseen by QED Investors.

UK-based impact investment firm Ocean 14 Capital has raised €30m ($32.2m) from Ingka Investments, the investment subsidiary of Ingka Group, which is the parent firm of furniture distributor Ikea.

M&A

Diversified software producer Enghouse Systems has acquired Navita, a Brazil-based provider of enterprise mobility management platform backed by chipmaker Intel, for an undisclosed amount.

Funding

Zeekr, the luxury electric vehicle subsidiary of China-based carmaker Geely, has raised $750m in a series A round featuring battery manufacturer Contemporary Amperex Technology. Yuexiu Industrial Fund, Tongshang Fund and Xin’an Intelligent Manufacturing Fund filled out the participants.

Company Company description Sector Country Round Round size($m) Deal date Investors
Floward Online flower and gift purchasing site Consumer UAE C 156 07/02/2023 Bank Al Jazira (Aljazira Capital) (lead); Rainwater Partners, STV
Trust IQ Online loan provider Financial Singapore N/A 105 10/02/2023 Masan Group (The Sherpa Company)
Buymed B2B pharmaceutical marketplace Healthcare Singapore B 33.5 13/02/2023 Smilegate (Smilegate Investment); United Overseas Bank (UOB Venture Management) (lead), Cocoon Capital
Partior Blockchain-based payment settlement platform Financial Singapore A 31 11/02/2023 Standard Chartered (lead), DBS Bank; Temasek Holdings, JP Morgan
Migo Digital content distributor  Media Indonesia C1 20 10/02/2023 MNC Group (MNC Vision Network) (lead); unnamed other investors
Mino Games Character-driven game developer Media Canada B 15 09/02/2023 SYBO Games; Standard Crypto (lead), Boost VC, Collab+Currency, Earl Grey Capital, Konvoy Ventures, Andreessen Horowitz
Qotto Africa-focused solar kits provider Energy and Natural Resources France A 8 13/02/2023 IBL Group (lead); Lion’s Head Global Partners (Off-Grid Energy Access Fund), Cordaid, unnamed existing investors
Lemu Deep tech conservation app Industrial Chile N/A 8 04/02/2023 Celulosa Arauco y Constitución (Arauco Ventures)
CaPow Autonomous robotics power flow technology provider Industrial Isarel Seed 7.5 13/02/2023 Payton Planar Magnetics, Doral Group (Doral Energy-Tech Ventures); IL Ventures (lead), Mobilion VC, Mobilitech Capital, Ray Nissan
C3 Self-custodial decentralised crypto exchange operator Financial US Seed 6 10/02/2023 Two Sigma (Two Sigma Ventures) (lead), Jump Crypto, Hudson River Trading, Flow Traders,  DRW (Cumberland); Jane Street Capital, Golden Tree, CMS Holdings, AlphaLab Capital, C² Ventures
Habbito Mobile bancassurance platorm Financial Japan Pre-A 3.9 08/02/2023 Credit Saison (Saison Capital)(co-lead), Digital Garage/Daiwa Securities Group (DG Daiwa Ventures), Kyokuto Securities; Cherubic Ventures (co-lead), GMO Ventures, Epic Angels
VRRB Labs Decentralised protocol developer Financial US Pre-seed 1.4 13/02/2023 Jump Crypto (lead); Taureon, Big Brain Holdings
BuuPass Road travel booking platform Services Kenya Pre-seed 1.3 13/02/2023 Alphabet (Google Black Founders Fund); Founders Factory Africa, FrontEnd Ventures, Adaverse, Gullit, Five35, Renew Capital, Changecom, XA Network, Ajim Capital, Artha Ventures, Daba Finance, unnamed angel investors
Beazy Visual content marketplace operator Media Germany N/A 1.1 10/02/2023 Alphabet (Google Black Founders Fund Europe 2022); BTQ Ventures, HitchHiker Ventures
Newgen Gaming Esport game developer Media India N/A 1 13/02/2023 nCore Games
Linda Pesa Tanzanian SME-focused business management platform IT Japan N/A <1 ($230,000) 12/02/2023 Marui Group; East Ventures, Skylight Consulting, 01Booster Capital
Interon Brain diseases treatment developer Healthcare US N/A N/A 13/02/2023 HanAll Biopharma C
Edison Fu

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