More International Flavor To The Deal Mix As U.S. Takes A Holiday Break

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This Thanksgiving break saw an abundance of board games, extending well beyond the usual family time. I hope you've also caught up on dinner gossip! As always, we're here to delve into the latest Acquisitions and VC Financings. Let's dive in.

John

??Last Week’s Most Popular Link??

?? Switch Maritime , a Jackson, WY-based company developing hydrogen fuel cell and battery electric zero-carbon ferries, raised $10 million in a Series A funding round led by Nexus Development Capital . (More in FinSMEs )

?? M&A ??

?? Adobe , a San Jose, CA-based publicly traded digital media and digital marketing solutions provider, acquired Rephrase.ai , a Bengaluru, India-based AI startup that provides text-to-video generation capabilities enabling influencers and video creators to make professional video clips that had raised $13.9 million from Red Ventures , Silver Lake, 8VC and other investors, for an undisclosed amount. (More in Mint )

?? Merck , a Rahway, NJ-based publicly traded pharmaceutical company, acquired Caraway Therapeutics , a Cambridge, MA-based biotech company focused on rare neurodegenerative diseases that had raised over $20 million from Amgen Ventures , AbbVie, SV Health Investors, MRL Ventures and the Dementia Discovery Fund, for upwards of $610 million. (More in FierceBiotech )

?? Aonic , a Stockholm, Sweden-based gaming company, acquired nDreams , a Farnborough, U.K.-based maker of VR games that had raised over $50 million from Mercia Asset Management , Aonic and Tech Nation, for $110 million. (More in VentureBeat )

?? Sourcing Ideas ??

(Companies that had raises reported ~1 year ago, on or around Nov 25, 2022)

???? Nymbl Science , a Denver, CO-based provider of digital balance training for older adults, raised $12 million in a Series B funding round co-led by Cobalt Ventures and Outcomes Collective Growth Capital , with participation from 450 Ventures. (More in FinSMEs )

?? Wesper , a New York, NY-based clinical-grade FDA-cleared home sleep lab company, raised $9.6 million in a Series A funding round from Valor Equity Partners , Breyer Capital and Spark Capital. (More in FinSMEs )

?? Segmed , a Palo Alto, CA-based medical imaging startup, raised $5.2 million in a Seed+ funding round led by Nina Capital , with participation from iGan Partners, M3 Inc, Mighty Capital, Expeditions Fund and Alchemist Accelerator. (More in FinSMEs )

?? VC Deals ??

?? Neuralink , a Fremont, CA-based brain-machine interface company developing implantable chips that can read brain waves, raised an additional $43 million increasing its previous tranche, led by Founders Fund , from $280 million to $323 million. (More in TechCrunch )

??? Craftwork , a Charlotte, NC-based home services platform, raised $6 million in a Seed funding round led by Forerunner Ventures , with participation from General Catalyst, Y Combinator and a number of individual investors. (More in FinSMEs )

?? Medmo , a New York, NY-based medical imaging startup focused on uninsured and underinsured consumers, raised $9 million in a funding round led by Lerer Hippeau , with participation from insiders Jerusalem Venture Partners (JVP), C2 Ventures and Stone IsraVentures. (More in Radiology Business )

?? Maia Oncology , a New York, NY-based virtual cancer care coordination startup, raised $4.25 million in a Seed funding round co-led by Yosemite and Takeda Digital Ventures , with participation from American Cancer Society's BrightEdge, BBG Ventures and Coalition Operators. (More in Axios )

?? Doccla , a London, U.K.-based virtual hospital tech provider, raised $5.5 million in a funding round from Bertelsmann Investments . (More in Digital Health )

?? Vivodyne , a Philadelphia, PA-based biotech company that tests its drug candidates on lab-grown human organs, raised $38 million in a Seed funding round led by Khosla Ventures , with participation from Kairos Ventures, CS Ventures, MBX Ventures and Bison VC. (More in MobiHealthNews )

??? DoorFeed , a London, U.K.-based company that provides a data platform and operations for investment funds to assemble and manage large scale portfolios of apartments and houses, raised $7.7 million in a Seed extension funding round led by Motive Ventures , with participation from Stride VC and Seedcamp. (More in TechCrunch )

?? Relay , a London, U.K.-based local delivery startup, raised $10 million in a Seed funding round co-led by Project A Ventures and Prologis Ventures . (More in TechCrunch )

?? FrontEdge , a Lagos, Nigeria-based startup that provides exporters and importers in Africa with capital and tools to scale, raised $10 million in a debt and equity Seed funding round led by TLG Capital , with participation from Flexport and other backers. (More in TechCrunch )

??? Vendelux , a New York, NY-based event intelligence platform, raised $14 million in a Series A funding round led by FirstMark Capital , with participation from Cervin Ventures. (More in TechCrunch )

?? Expanso , a Seattle, WA-based company providing open-source software computation power for enterprises to manage their data, raised $7.5 million in a Seed funding round led by General Catalyst and Hetz Ventures , with participation from Array Ventures. (More in FinSMEs )

?? Saga , a Los Altos, CA-based Layer-1 protocol and developer ecosystem, raised $5 million in a Seed extension round led by Placeholder , with participation from Longhash Ventures, Com2uS, Dispersion Capital, Red Beard Ventures, Tykhe Ventures and AVID3, bringing the total amount raised to date to $13.5 million. (More in FinSMEs )

?? AI21 Labs , a Tel Aviv, Israel-based provider of AI systems for enterprise, raised $208 million at $1.4 billion valuation in a Series C funding round from Intel Capital and Comcast Ventures , bringing the total amount raised to $336 million. (More in TechCrunch )

?? Indy , a Lyon, France-based tax and paperwork platform for freelancers, raised $44 million in a funding round led by BlackFin Capital Partners , with participation from La Maison and iXO. (More in TechCrunch )

?? LucidLink , a San Francisco, CA-based provider of a SaaS platform that enables teams to work on streaming files without having to download or sync them, raised $75 million in a Series C funding round led by Brighton Park Capital , with participation from Headline, Adobe Ventures and Baseline Ventures, bringing the total amount raised to $90 million. (More in TechCrunch )

We'll be back in your feed same time next Monday with a regular-sized serving of deals after a full week.

John

John Gannon // Venture5 Media // VC Deals

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