✨Edición Especial: MultiVersial Research 4 Feb
Info clave de los 9 verticales en el negocio tech para ser mejor profesional
La edición de hoy es especial no solo porque es sábado sino por estas 3 cosas:
1. Recibes esta edición especial gratis de MultiVersial Research gracias a nuestro patrocinador Premium emprendemelon.com
2. Emprendemelon es una newsletter que cada día envía un consejo para que por fin lances tu propio proyecto y consigas hacer crecer tu negocio.
3. IMPORTANTE: si te apuntas antes de este martes a emprendemelon.com te llevas gratis un e-book con 12 técnicas para que generes ideas de negocio sin límite.
No es porque sea patrocinador, pero puedo decirte que sin emprendemelón, MultiVersial no sería lo que es ahora.
Para al igual que yo recibir esos consejos y además llevarte el extra apúntante aquí ahora.
https://emprendemelon.com/multiversial/
Recuerda que MultiVersial Research es un producto premium en inglés para profesionales. Si quieres saber más pincha aquí. En la edición de hoy:
14 Reportes de analistas
Noticias, startups que consiguen ronda de financiación y compraventa de empresas …
… sobre cada uno de los 9 verticales claves: IA, Big data & cloud, HW, Cibersecurity, Blockchain & cripto, BioTech, Fintech, CleanTech y SW tradicional.
Si trabajas en uno de los 9 verticales necesitas el reporte semanal de MultiVersial Research.
1º Analyst Reports available this week:
The size of private label in US retail. LINK
Less than half of consumers bother to connect their smart appliances to the internet. LINK
In the USA, 85% of orders at fast-food restaurants and 35% at full-service are for ‘off-prem’ - take-away or delivery, up from 76% and 20% before the pandemic. LINK
Twitch Metrics. ¿Flattening out?. LINK
Pinterest Predicts 2023: This annual post from Pinterest is new to me, it predicts the top 27 emerging trends for 2023. And apparently, 80% of Pinterest's predictions over the last thee years have come true. Here's some for this year:
PitchBook Q4 2022: Information Security Report
PitchBook 2022 ANNUAL: Global M&A Report
CBInsights: The 5 new retail store formats to watch in 2023
CBInsights: State of Digital Health 2022 Report
CBInsights: Global corporate venture capital (CVC) activity slowed throughout 2022, with CVC-backed funding ultimately falling 43% from 2021's record high.
CBInsights: The state of generative AI in 7 charts
eMarketer: 3 growth areas marketers should keep an eye on in 2023
eMarketer: 7 trends affecting mobile advertising in 2023
eMarketer: 5 tech trends for marketers to watch in 2022
2º IA, Robots & Automation
News:
Google researchers detail AI model MusicLM, which can generate high-fidelity music in any genre from text and was trained on a dataset of 280K hours of music (Kyle Wiggers / TechCrunch)
Sources: OpenAI hired ~1,000 remote contractors in the past six months, 60% for data labeling and 40% programmers to teach its models software engineering tasks (Semafor)
Documents and sources: Meta sees a path to recovery using AI tools that boost views of Reels, improve ad targeting even with less available user data, and more (Wall Street Journal)
Sources detail the pressure inside Meta and Google to move faster with AI amid the surge of attention around ChatGPT, potentially sweeping safety concerns aside (Washington Post)
Springer Nature, the world's largest academic publisher, doesn't let LLMs like ChatGPT be credited as an author but allows AI to help write papers, if disclosed (James Vincent / The Verge)
San Francisco asked California regulators to halt or scale back the expansion of Cruise and Waymo, after repeated incidents with stopped and idle robotaxis (David Ingram / NBC News)
Microsoft, GitHub, and OpenAI told a San Francisco federal court to dismiss a proposed class action lawsuit against Copilot, citing fair use of open-source code (Blake Brittain / Reuters)
Researchers detail how ProGen, an LLM trained on 280M proteins, designed proteins with anti-microbial properties that were tested in real life and shown to work (Karmela Padavic-Callaghan / New Scientist)
Q&A with Princeton CS professor Arvind Narayanan on why he calls ChatGPT a “bullshit generator”, his worries over its boom, developing his AI taxonomy, and more (Julia Angwin / The Markup)
A look at generative AI's history and advances before recent breakthroughs, including Nvidia's CUDA, convolutional neural networks, and Google's transformers (Haomiao Huang / Ars Technica)
A roundup of potential rivals to OpenAI's ChatGPT service: DeepMind's Sparrow, Google's LaMDA, Anthropic's Claude, and Character AI (Sharon Goldman / VentureBeat)
An AI-designed anti-microbial protein was tested in real life and shown to work. ProGen works similarly to other AIs that can create text. It was trained on the amino acid structure of 280 million existing proteins. Of the 100 molecules researchers synthesized, 66 reacted in ways that suggest that they could be effective in killing bacteria. The same approach could be used to create new medicines. (Karmela Padavic-Callaghan / New Scientist)
Startups raising funds
Anthropic, an SF-based generative AI company, is in the process of raising around $300m at around a $5b valuation, per the NY Times. Last year it raised $580m in a Series B round led by Sam Bankman-Fried, whose investment could get clawed back via the FTX bankruptcy. Link
Recycleeye, a London-based waste robotics startup, raised $17m in Series A funding led by DCVC led, and was joined by Promus Ventures, Playfair Capital, MMC Ventures, Creator Fund, Atypical and Seaya Andromeda. Link
M&A and Private equity deals
Addtronics, a New Castle, Del.-based portfolio company of Kaho Partners, acquired Missouri Tooling & Automation, a Lebanon, Mo.-based custom robotic automation systems provider. Link
3º Hardware, Chips & Quantum computing
News
RockleyPhotonics, a Pasadena, Calif.-based maker of silicon photonics chipsets that went public last year via SPAC, filed for Chapter 11 bankruptcy protection. It previously had raised around $280m from backers like Morningside Ventures, Applied Ventures and SIG-i Capital. Link
Counterpoint: China's smartphone sales fell 14% YoY in 2022 to reach their lowest level in a decade; iPhone sales fell 3% as it became the country's No. 2 brand (Ben Jiang / South China Morning Post)
The memory chip sector, known for its boom-and-bust cycles, is facing one if its worst routs ever, as an inventory glut and a market share fight crater prices (Bloomberg)
Documents: China's top nuclear weapons research lab, on the US export entity list since 1997, bought 7nm to 14nm Intel and Nvidia chips several times since 2020 (Wall Street Journal)
As memory prices plunge, SK hynix reports its biggest quarterly operating loss on record in Q4, ~$1.4B vs. estimates of ~$900M, on a 38% YoY drop in revenue (Sohee Kim / Bloomberg)
AMD reports Q4 revenue up 16% YoY to $5.6B, vs. $5.5B est., net income down 98% YoY to $21M, and Client segment revenue down 51% YoY due to weak PC chip sales (Kif Leswing / CNBC)
AMD announces its Ryzen 7000X3D pricing: 7950X3D for $699, 7900X3D for $599, both available on February 28, and 7800X3D for $449, available on April 6 (Paul Alcorn / Tom's Hardware)
Western Digital raised $900M from Apollo Global and Elliott, which sources say is a precursor to merging with Japan's Kioxia, as the memory chip sector shrinks (Bloomberg)
Sources: the UK's semiconductor plan, which missed its publication deadline last fall, has suffered from government disarray, as the US and the EU move forward (Politico)
Q&A with Chris Miller, a Tufts professor and the author of the book Chip War, on EUV lithography, ASML's global chip manufacturing role, TSMC, Intel, and more (Nilay Patel / The Verge)
Startups raising funds
Fairphone, a Dutch maker of modular consumer electronics, raised €49m from Invest-NL, ABM AMRO Sustainable Impact Fund and insider Quadia. Link
Q-CTRL, an Australian developer of quantum-sensing software, raised US$27.4m in Series B extension funding from Salesforce Ventures, Alumni Ventures, ICM Allectus and Mindrock Capital. Link
Raylo, a London-based electronic device subscription service, raised £110m in equity and debt. Lenders include NatWest and Quilam Capital. Link
Our Next Energy, a Novi, Mich.-based battery developer, raised $300m in Series B funding at a $1.2b post-money valuation. Fifth Wall and Franklin Templeton co-led, and were joined by Temasek, Riverstone Holdings, Coatue, AI Capital Partners, Sente Ventures and insiders Breakthrough Energy Ventures, Assembly Ventures, BMW i Ventures and Volta Energy Technologies. Link
NT-Tao, an Israel-based modular nuclear fusion startup, raised $22m in Series A funding co-led by Delek US and NextGear Ventures. Link
Freeform, a Hawthorne, Calif.-based metal 3D printing company founded by ex-SpaceX employees, raised $45m from Two Sigma Ventures, Founders Fund, and Threshold Ventures. Link
M&A and Private equity deals
Apollo Global Management and Elliott Management invested a combined $900m into WesternDigital (Nasdaq: WDC), per a convertible preferred stock deal at a 9% premium to yesterday’s $43.95 per share closing price. This comes amidst reports that the memory chipmaker has restarted merger talks with Kioxia, the Japanese flash memory chipmaker owned by Bain Capital. Link
Mercury Systems (Nasdaq: MRCY), an Andover, Mass.-based chipmaker whose customers include the U.S. Defense Department, said it's seeking a buyer. The news sent the company's shares up more than 12%, for a $3.26b market cap. Link
4º Cloud, Big Data & Analytics
Startups raising funds
Sentra, an Israeli cloud data security startup raised $30m in Series A funding. Standard Investments led, and was joined by Munich Re Ventures, Moore Strategic Ventures, Xerox Ventures and insiders Bessemer Venture Partners and Zeev Ventures. Link
Nobl9, a Waltham, Mass.-based service-level observability startup, raised $15.8m from ServiceNow, Cisco Investments and insiders Battery Ventures and CRV. Link
Craft, an SF-based enterprise data platform focused on supply chains, raised $32m in Series B funding, per Axios Pro. BAM Elevate led, and was joined by Greycroft, Uncork Capital, High Alpha and ServiceNow Ventures. Link
Select Star, an SF-based data catalog and management tool, raised $15m in Series A funding. Lightspeed Venture Partners led, and was joined by Bowery Capital, Sozo Ventures and Pebblebed. Link
5º Blockchain & cripto
News:
A look at crypto money laundering in 2022: illicit addresses sent nearly $23.8B, up 68% YoY, four addresses got $1B+ combined, DeFi got record funds, and more (Chainalysis)
The US Federal Reserve rejected Custodia Bank's application to become a Federal Reserve System member, citing safety risks with the bank's crypto-focused model (Hannah Lang / Reuters)
The White House publishes a roadmap for mitigating risks posed by cryptocurrencies and urges Congress to hasten efforts to create a crypto regulatory framework (Sander Lutz / Decrypt)
Court filing: the US DOJ accuses Sam Bankman-Fried of messaging FTX US' general counsel and a potential witness, and asks a judge to limit his communications (New York Times)
Independent examiner: Celsius misled its investors, sometimes used new customer funds to pay for withdrawals, CEO Alex Mashinsky made false claims, and more (Jack Schickler / CoinDesk)
A US judge says the names of the two people who posted SBF's $250M bail can be made public, but holds the ruling until at least February 7, expecting an appeal (Jonathan Stempel / Reuters)
After the market crashed, Madonna, Kim Kardashian, Tom Brady, and other celebrities have faced civil lawsuits from investors over promoting crypto projects (Wall Street Journal)
Alameda Research sues Voyager Digital for $445.8M, seeking to recover loan repayments that Alameda made after Voyager filed for bankruptcy in July 2022 (Stephanie Murray / The Block)
The UK government shares its plans to regulate crypto, including measures to strengthen rules for lending, disclosures, financial intermediaries, and custodians (Ryan Browne / CNBC)
A US judge amends Sam Bankman-Fried's bail terms, prohibiting him from contacting any current or former FTX or Alameda employees and using Signal and other apps (Cheyenne Ligon / CoinDesk)
Filing: Tesla lost ~$140M on its bitcoin holdings in 2022, taking a $204M impairment loss, nearly doubling its $101M loss in 2021, offset by $64M in profit (Jason Nelson / Decrypt)
Startups raising funds
Hypernative, a web3 cybersecurity startup, raised $9m in seed funding. Boldstart Ventures and IBI co-led, and were joined by Blockdaemon, Alchemy, Borderless, CMT Digital and Nexo. Link
Ethos Wallet, a crypto wallet based on the Sui blockchain, raised $4.2m in seed funding. Boldstart Ventures and Gumi Cryptos Capital co-led and were joined by Tribe Capital, Matrix Port and AllianceDAO. Link
Archimedes, a DeFi lending and borrowing marketplace, raised $7.3m. Hack VC led, and was joined by Uncorrelated Venture, Psalion, Truffle Ventures, Cogitent Ventures, Haven VC and Palsar. Link
6º CyberSecurity
Startups raising funds
Salv, an Estonian crime monitoring and compliance platform, raised €4m in seed extension funding. ffVC led and was joined by G+D Ventures. Link
Guardz, a Dallas-based cyber insurance startup focused on attack-as-a-service breaches, raised $10m in seed funding. Hanaco Ventures led, and was joined by with iAngels, GKFF Ventures and Cyverse Capital. Link
Gem Security, a cloud threat, detection and response platform, raised $11m in seed funding led by Team8. Link
7º BioTech & eHealth
Startups raising funds
Pearl Health, a New York-based startup helping independent physician practices participate in value-based care models, raised $75m in Series B funding. Andreessen Horowitz and Viking Global Investors co-led, and were joined by AlleyCorp and SV Angel. Link
Micah Orthopaedics, a Westborough, Mass.-based developer of an implant for ACL repair, raised $40m. Sectoral Asset Management and Endeavour Vision co-led, and were joined by Amzak Health, Smith+Nephew, DSM Venturing and the NFL Players Association. It also secured $10m in venture debt from SVB. Link
Elaborate, a New York-based platform that helps doctors communicate and contextualize lab results to patients, raised $10m in seed funding. Tusk Venture Partners led, and was joined by Founder Collective, Company Ventures, Bling Ventures and Arkitekt Ventures. Link
People Science, an LA-based R&D platform for alternative medicines, raised $5.3m in second-round funding, as first reported by Axios Pro. Acre Venture Partners led, and was joined by Bluestein Ventures, THIA Ventures and FORM Life Ventures. Link
Uptime Health, a Boston-based medical device startup, raised $4.5m in Series A funding co-led by Wavemaker 360 and Caduceus Capital Partners. Link
Free From Market, a Kansas City-based digital health startup focused on personalized food access and selection for lower-income users, raised $2.1m in seed funding. Bluestein Ventures led, and was joined by Acumen America, Beta Boom, KCRise Fund, 1st Course Capital and Asset Blue Ventures. Link
Alto Neuroscience, a Los Altos, Calif.-based developer of psychiatry drugs, raised $25m in Series B extension funding from Alpha Wave Ventures. It also secured up to $35m via a new credit facility with K2 HealthVentures. Link
Colossal Biosciences, the Austin, Texas-based "de-extinction" startup, raised $150m in Series B funding. Thomas Tull's U.S. Innovative Technology Fund led, and was joined by Breyer Capital, Bob Nelsen, Animal Capital, Victor Vescovo, In-Q-Tel, Animoca Brands, Peak 6, BOLD Capital and Jazz Ventures. Link
Spark Advisors, a retirement benefits navigation software startup, raised $15m in Series A funding, per Axios Pro. American Family Ventures led, and was joined by Primary Ventures, Torch Capital and Vine Ventures. Link
Teal Health, an SF-based provider of virtual health screenings for women, raised $8.8m in seed funding, per Axios Pro. Backers include Emerson Collective, Serena Ventures, Metrodora Ventures and Felicis Ventures. Link
VitaDAO, a DAO designed to support longevity science projects, raised $4.1m in token funding from Pfizer Ventures, Shine Capital, L1 Digital and Balaji Srinivasan. Link
Moov, a Cedar Falls, Iowa-based embedded payments processing startup, raised $45m in Series B funding. Commerce Ventures led, and was joined by Andreessen Horowitz, Bain Capital Ventures, Visa, and Sorenson Ventures. Link
Aluna, an SF-based ashma monitoring startup, raised $15.3m in Series B funding led by insider Matrix Partners. Link
Starling Medical, a Houston-based maker of urine testing devices, raised $3.4m in seed funding led by Rebel Fund. Link
Dimension Inx, a Chicago-based biomaterials platform startup, raised $12m in Series A finding. Prime Movers Lab led, and was joined by Solas BioVentures, Portal Innovation Ventures, Alumni Ventures and insiders KdT Ventures and Rise of the Rest. Link
Frontrow Health, an Austin, Texas-based DTC health startup, raised $3m in seed funding co-led by Next Coast Ventures and NextGen Venture Partners. Link
Sherlock Biosciences, a Watertown, Mass.-based CRISPR diagnostics startup that’s raised around $112m, acquired Sense Biodetection, a British point-of-care molecular diagnostics startup that had raised over $100m from backers like Koch Disruptive Technologies, Earlybird VC and Cambridge Innovation Capital. Link
M&A and Private equity deals
Capsa Healthcare, a Portland, Ore.-based portfolio company of Levine Leichtman Capital Partners, acquired Canadianmobile hospital work station provider Tryten Technologies. Link
Qiagen (NYSE: QGEN) is seeking to sell a minority stake in its bioinformatics unit, which could be valued north of $1b, per Bloomberg. Link
IPO
StructureTherapeutics, a South SF-based developer of G-protein-coupled receptors for chronic diseases, set IPO terms to 9m shares at $13-$15. The Phase 1 biotech would have a $511m fully diluted value, were it to price in the middle, and plans to list on the Nasdaq (GPCR). It has raised over $190m in VC funding from firms like Sequoia Capital China (10.3% pre-IPO stake), Biotechnology Value Fund (9.56%), Eight Roads (8.35%), F-Prime Capital Partners (7.5%) and Qiming Ventures (6.37%). Link
8º Fintech
Startups raising funds
Inscribe, an SF-based fraud detection startup, raised $25m in Series B funding. Threshold Ventures led, and was joined by Crosslink Capital, Foundry and Uncork Capital. Link
Finley, an SF-based provider of software for companies to manage private credit loans, raised $17m in Series A funding. CRV led, and was joined by Upper90 and insiders Bain Capital Ventures, Haystack, Y Combinator and Nine Four Ventures. Link
TigerBeetle, a financial accounting infrastructure startup, raised $6.4m from Amplify Partners and Coil. Link
Baobab, a Berlin-based cyber insurance startup, raised €3m from Augmentum. Link
Hnry, a New Zealand-based accounting fintech, raised A$35m in Series B funding. AirTree Ventures led, and was joined by insider Left Lane Capital. Link
Lulalend, a South African digital lender focused on underserved SMEs, raised $35m in Series B funding. Lightrock led, and was joined by DEG, Triodos Investment Management, Women's World Banking and insiders IFC and Quona Capital. Link
TrueBiz, a KYC startup for fintechs, raised $2.4m in seed funding. Flourish Ventures led, and was joined by Homebrew, YC and The Fintech Fund. Link
MNT-Halan, an Egyptian lending and payments fintech, raised $200m led by Chimera Capital, at a $1b pre-money valuation. Link
Zopa, the British neobank, raised £75m from insiders like IAG Silverstripe, Uprising and Augmentum. Link
Treasury Prime, an SF-based banking-as-a-service startup, raised $40m in Series C funding. BAM Elevate led, and was joined by Banc Funds, Invicta and insiders Deciens, QED and SaaStr. Link
Passthrough, a New York-based fund automation workflow tool for investors, raised $10m in Series A funding. Positive Sum led, and was joined by Motley Fool Ventures, Broadhaven Ventures, Company Ventures and Great Oaks VC. Link
M&A and Private equity deals
CFM, a Tempe, Ariz.-based portfolio company of OceanSound Partners, merged with NXTsoft, a Birmingham, Ala.-based provider of workflow API connectivity solutions for fintech. Link
Vencora, a Toronto-based fintech acquisition platform, acquired Quarzo Tecnología, a Costa Rica-based provider of software for savings funds, mutual funds and cooperatives. Link
Marqeta, an Oakland-based fintech valued at nearly $3.7b, agreed to buy Power Finance, a co-branded credit card provider, for $223m in cash. Power Finance last fall raised $16m in seed funding co-led by Anthemis and Fin Capital. Link
IPO
Cheche Technology, a Beijing-based auto insurance search engine, agreed to go public at an implied $841m enterprise value via Prime Impact Acquisition I (NYSE: PIAI), a SPAC led by former Western Digital execs. Cheche backers include China Capital Group, InnoVen Capital, China Broadband Capital Partners and Shunwei Capital. Link
9º Clean Energy, Transportation, Climate, Agro/Food.
Startups raising funds
Boston Metal, a Woburn, Mass.-based developer of technology to decarbonize steel production, raised $120 million in Series C funding led by steel giant ArcelorMittal. Link
Aedifion, a German provider of energy usage management solutions for commercial properties, raised €12m in Series A funding. World Fund and BeyondBuild co-led, and were joined by Hopp. Bauwens, Drees & Sommer, Momeni Venture, BitStone Capital and Phoenix Contact Innovation Ventures. Link
Atomos Space, a Denver-based developer of orbital transfer vehicles, raised $16.2m in Series A funding. Cantos Ventures and the Yamauchi No. 10 Family Office co-led, and were joined by Upheaval Investments, Dolby Family Ventures, Arden Road Investments, Elefund and Techstars. Link
Fuergy, a Slovakian energy storage and management provider, raised €16m from Pro Partners Holding. Link
Plantd, a Durham, N.C.-based developer of building materials made from grass, raised a $10m Series A led by American Family Ventures. Link
Lemu, a Chilean online community of nature lovers and environmental projects stewards, raised $8m in Series A funding led by Arauco Ventures. Link
Pigmentum, an Israeli developer of lettuce-based milk and cheese, raised $6m in seed funding. Kibbutz Yotvataand IsraeliArkin co-led, and were joined by Tnuva, Tempo, and OurCrowd. Link
Entocycle, a London-based insect farming tech provider, raised €5m in Series A funding. Climentum Capital led, and was joined by Lowercarbon Capital, Teampact Venturesm and Ace & Company. Link
BibeCoffee, a developer of connected coffee-makers to reduce waste, raised €2.1m. Eleven Ventures led, and was joined by Venture Friends and Uni.Fund. Link
Secai Marche, a Tokyo-based provider of agricultural supply chain solutions, raised $1.6m in Series A funding from The Agribusiness Investment and Consultation Co., Spiral Ventures Asia Fund I and Beyond Next Ventures. Link
Enko, a Mystic, Conn.-based crop health startup, raised $80m from Eight Roads Ventures, Nufarm, Endeavor8 and Akroyd LLC. Link
The Exploration Company, a French upstart rival to SpaceX, raised €40m in Series A funding. EQT Venturesand Red River West co-led, and were joined by Promus Ventures, Cherry Ventures, Vsquared, Omnes Capital, July Fund, Partech, Possible Ventures, Habert Dassault Finance, Schlumberger and Sista Fund.
Risilience, a British climate analytics startup, raised $26m in Series B funding. Quantum Innovation Fund led, and was joined by insiders IQ Capital and National Grid Partners. Link
Greyter Water Systems, a developer of a residential grey water reuse system, raised a $10m in Series B funding co-led by Ferguson Ventures and Lenx. Link
Recurrency, an SF-based ERP automation platform, raised $22m in Series A funding led by Bessemer Venture Partners. Link
Freightify, a Singapore-based SaaS for freight forwarders, raised $12m in Series A funding. Sequoia Capital India led, and was joined by Trail Mix Ventures, Alteria Capital and insiders Nordic Eye Venture Capital and Motion Ventures. Link
New School Foods, a plant-based seafood producer, raised US$12m in seed funding from Lever VC, Blue Horizon, Hatch, Good Startup, Alwyn Capital and Joyance Partners. Link
AnswersNow, a Richmond, Va.-based virtual autism therapy provider, raised $11m in Series A funding led by Left Lane Capital. Link
BloomX, an Israeli developer of “bio-mimicking tech” for crop pollination, raised $8m in seed funding. Ahern Agribusiness led, and was joined by Vasuki Global Tech fund, Bio Bee and the Israeli Innovation Authority. Link
Michroma, an SF-based developer of fungi-based natural food colorings, raised $6.4m in seed funding. Supply Change Capital led, and was joined by SOSV, GRIDX, Be8 Ventures, CJ CheilJedang, Fen Ventures, Boro Capital, The Mills Fabrica, Portfolia, New Luna Ventures, Siddhi Capital, Groundswell Ventures and Hack Capital. Link
M&A and Private equity deals
Energy Capital Partners completed its £2.1b acquisition of British waste management and recycling firm Biffa. Link
ArcLight Capital Partners committed $150m in new equity funding to Elevate Renewable Energy, a company it formed last year to develop utility-scale battery storage resources co-located with existing power infrastructure. Link
GI Partners agreed to buy Atlas Technical Consultants (Nasdaq: ATCX), an Austin, Texas-based provider of infrastructure and environmental solutions, for around $1.05b, or $12.25 per share (124% premium over yesterday’s closing price). Link
Northstar Recycling, an East Longmeadow, Mass.-based portfolio company of Ridgemont Equity Partners, acquired Sonoco Sustainability Solutions, a provider of waste diversion programs, from Sonoco. Link
CropX, an Anaheim, Calif.-based in-soil agricultural analytics startup that’s raised $30m in VC funding, acquired Davis, Calif.-based smart irrigation startup Tule. Link
ABB E-mobility, an EV charging solutions unit of Switzerland’s ABB Group (NYSE: ABB), raised around $355m from General Atlantic, GIC, Generation Investment Management and Porsche. The investors received a combined 12% stake in the business. Link
FM Investors agreed to buy a majority stake in GreenGasUSA, a Charleston, S.C.-based renewable natural gas developer, owner and operator. Link
A2B Development (dba NewGen Energy), a Loomis, Calif.-based solar and storage services provider received an investment from Mars Equity Partners. Link
IPO
Nextracker, a Fremont, Calif.-based developer of solar tracker systems, plans to offer 23.3m shares at $20-$23 in its IPO. It would have a $3.1b fully diluted valuation, were it to price in the middle, and plans to list on the Nasdaq (NXT). The company last year was carved out of Flex (Nasdaq: FLEX) via a $500m investment from TPG Rise Climate. Flex retains an 82% pre-IPO stake, with TPG holding 17.23%. Link
10º "Traditional” SW
News:
Shopify adjusts strategy ahead of Buy with Prime launch
Walmart adopts Amazon’s playbook to attract and maintain Walmart+ members.
Startups raising funds
Caura, a British app for drivers to manage administrative tasks, raised £4m from Lloyds Banking Group. Link
AtomicJar, a Newark, N.J.-based open source testing startup, raised $25m in Series A funding. Insight Partnersled, and was joined by insiders Boldstart Ventures, Tribe Capital and Chalfen Ventures. Link
Sovereign Labs, an interconnected rollup ecosystem, raised $7.4m in seed funding led by Haun Ventures. Link
Dalia, a Boston-based recruitment marketing automation platform, raised $5m in Series A funding. Lewis & Clark Ventures led, and was joined by SaaS Ventures, FJ Labs and Remarkable Ventures. Link
Profit.co, a Fremont, Calif.-based provider of OKR software, raised $11m led by Elevation Capital. Link
aviynt, an El Segundo, Calif.-based provider of identity and access governance solutions, raised $205m from a private credit affiliate of AllianceBernstein. It previously raised $170m in VC funding. Link
Nexus, an Austin, Texas-based creator monetization platform for live service video games, raised $10m. Griffin Gaming Partners led, and was joined by Sony Innovation Fund, Valhalla Ventures and insiders Pace Capital and S3 Ventures. Link
Cleary, an SF-based intranet startup, raised $4.5m in seed funding. Moonshots Capital led, and was joined by Liberty City Ventures, Crosslink Capital, Seachange Fund and Quiet Capital. Link
Portside, an SF-based provider of SaaS for business aviation, raised $50m in Series B funding. Insight Partnersled, and was joined by I2BF Global Ventures. Link
Freemodel, a Burlingame, Calif.-based home renovation tech company, raised $19.5m in Series A funding. QED Investors led, and was joined by LL Funds. Link
Lavender, an Atlanta-based email marketing platform, raised $13.2m in seed and Series A funding. Norwest Venture Partners led, and was joined by Signia Venture Partners, CapitalX and Position Ventures. Link
PenPot, a collaboration platform for product designers and developers, raised $12m led by Decibel. Link
Jetpack.io, a platform engineering startup, raised $10m in seed funding co-led by Coatue and GV. Link
Addressable, a digital fingerprinting startup, raised $7.5m in seed funding from Viola Ventures, Fabric Ventures, Mensch Capital Partners and North Island Ventures. Link
M&A and Private equity deals
OpenWeb, a social engagement platform for publishers that was valued by VCs at $1.5b, acquired Jeeng, a New York-based audience management platform, for $100m. Sellers include Genesis Partners, Battery Ventures and Maverick Ventures. Link
The News Movement, a video news startup with offices in London and New York, acquired The Recount, which had raised more than $30m from backers like Foundry Group and USV. Link
QAD, a Santa Barbara, Calif.-based portfolio company of Thoma Bravo, acquired Redzone, a Miami, Fla.-based provider of connected workforce software for manufacturing, from Summit Partners. Link
Standard AI, an SF-based autonomous checkout startup valued by VCs at $1b, acquired Skip, a developer of self-checkout kiosks. Link
11º Investors raising funds
Tritium Partners, an Austin, Texas-based lower midmarket PE firm, raised $684m for its third fund. Link
Volition Capital, a Boston-based growth equity firm, raised $675m for its fifth fund. Link
Convergence Partners raised $296m for a private equity fund focused on tech companies in sub-Saharan Africa. Link
Gemspring, a Westport, Conn.-based private equity firm, raised $1.7b for its third buyout fund and $400m for its first non-control fund. Link
Radical Ventures, a Toronto-based VC firm focused on AI startups, secured US$325m for a US$550m-targeted second fund. It also named Dominic Barton (ex-McKinsey) and Aaron Rosenberg as partners. Link
Warburg Pincus has secured $15.4b for its 11th flagship private equity fund, which is targeting $16b, per regulatory filings. Link
Adenia Partners, an Africa-focused private equity firm, held a $300m first close on its fifth fund. The total target is $400m. Link
BC Partners is raising $1.25b for its third credit opportunities fund, per Buyouts. Link
All Seas Capital, a London-based PE firm co-founded by KKR vets Marc Ciancimino and Cristobal Cuart, secured $400m for its debut fund (including co-investment commitments). Link
Defy.vc, an early-stage VC firm in Silicon Valley, raised $300m for its third fund. Link
Patient Square Capital, a health-focused private equity firm formed by Jim Momtazee (ex-KKR), raised $3.9b for its debut fund. Link
Sign up at https://www.multiversialresearch.es/