Venture Activity Feb 2023

VC DEALS

Generative AI startup Anthropic is raising a $300 million round led by Spark Capital at a $4.1 billion pre-money valuation, The Information reported.QurAlis, a clinical-stage biotech startup, has secured an $88 million Series B led by EQT Life Sciences.Envisics, a provider of holographic tech, has raised over $50 million for its Series C led by Hyundai Mobis.Electric vehicle charging startup Indra has secured more than £20 million in a Series B led by Gulf Oil International.Cado Security, a cloud forensics and incident response platform has raised $20 million in a round led by Eurazeo.Fintech startup Synctera has raised $15 million, led by NAventures, the National Bank of Canada’s corporate venture arm.AI drug discovery company Iktos has secured a €15.5 million Series A led by M Ventures and Debiopharm Innovation Fund.AI chip startup Mythic has raised $13 million from investors, including Atreides Management, DCVC, and Lux Capital.Lloyds Banking Group has invested £10 million in London-based digital identity platform Yoti.Cowboy, a Brussels-based maker of electric bikes, has raised €10 million, Tech.eu reported.ZenHub, which offers a project management platform for software development teams, has raised a $10 million Series A led by Yaletown Partners.Group travel planning app Bach has secured a $9 million Series A led by Pritzker Group Venture Capital, TechCrunch reported.Estonia-based Roofit.Solar has raised €6.45 million in a round led by BayWa r.e. Energy Ventures and Edge Capital Partners. The startup builds metal solar roofs for homeowners.QuantWare, a provider of large-scale superconducting quantum processors, has raised €6 million in a round led by Forward.one.

PE DEALS

Abu Dhabi Investment Authority is in talks to purchase a $500 million stake in Indian eyewear D2C company Lenskart, which is backed by KKR, SoftBank, Temasek, and Premji Invest, Bloomberg reported. The deal would value Lenskart at over $4 billion.KKR, MBK Partners, Brookfield Asset Management, BlackRock and Stonepeak are among possible buyers for a $1 billion minority stake in IMM Private Equity-backed industrial gas company AirFirst, Reuters reported. IMM is targeting a $3 billion valuation for South Korea-based AirFirst.Epiris has acquired UK-based fastener manufacturer LoneStar Group, whose customers include industrial and energy companies. LoneStar was previously acquired by AEA Investors in 2010.Healthcare-focused growth equity firm Cypress Ridge Capital has invested in custom software designer Semaphore Solutions. Founded in 2010, Victoria, British Columbia-based Semaphore serves life science organizations working on disease research, drug discovery and molecular diagnostics.OceanSound Partners-backed RMA Companies has acquired PRI Group, which provides testing and evaluation services to companies in the asphalt, building materials and transportation markets.Wealthtech company Masttro has secured a $43 million growth equity investment from FTV Capital and Citi Ventures, providing the firms with a minority stake. Masttro provides software designed for ultra-high-net-worth families.Solingen PE-backed Sano Physiotherapy has acquired specialist occupational health physiotherapy provider Back in Action UK. Sano Physiotherapy provides onsite occupational services and ergonomic assessments.Temasek-backed SeaTown Holdings has invested an undisclosed amount in Singapore-based Foundation Healthcare via its SeaTown Private Capital Master Fund.LDC has invested in talent analytics specialist Horsefly, providing an exit for Mercia.

EXIT & IPOS

Charterhouse Capital Partners has agreed to sell B2B events company Tarsus to Informa for $940 million.Uber is considering an IPO or a sale of its logistics arm, Uber Freight, Bloomberg reported. In 2020, Uber sold a $500 million stake in the division to an investor group led by Greenbriar Equity Group.Equistone has sold telecoms and infrastructure connectivity provider Amadys to ETC Group.
Source: Pitchbook, Cruncbase, Alphasense