Services

Undisclosed investors helped the Digital Garage, Nissen and Tokio Marine & Nichido-backed human resources software provider raise fresh funding at a $1.56bn valuation.

Crop monitoring technology developer Prospera is to be acquired by Valmont Industries in a $300m deal, giving exits to Tekfen Ventures, Cisco Investments and Qualcomm Ventures.

BioTheryX, Immuta and Pitch are among the companies that have raised fresh capital from corporates such as Intel Capital, Slack Fund, Citi Ventures and Dell Technologies Capital.

SoftBank is among the investors in line for an exit as the online tutoring platform files for an initial public offering in the US with a $100m placeholder figure.

Axa Venture Partners has helped put $60m into Virtuo, while Super collected $50m and Salto picked up $42m.

Asapp has doubled its valuation to $1.6bn in the space of a year, thanks to a $120m series C round backed by returning investor Telstra Ventures.

Checkout.com-backed Thunes has added $60m to its coffers, while Desktop Metal purchased Adaptive3D less than a year after Arkema invested.

Nexa3D has confirmed $55m in funding across several rounds, while BukuKas has added $50m to its coffers and both Label Insights and Mya Systems have been acquired.

Taraec Mohamed Hussein, head of investments, Fatima Gobi Ventures

Monthly analysis: April 2021

Spinouts always operate, by their very nature, on the cutting edge of science, but every once in a while, one comes along that could prove truly transformational by inventing an entirely new field.