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October 29, 2020

Cyndx Insights is your daily window to the business world, focusing primarily 
on M&A activities, capital markets, and important technology trends.

Daily Insights provides global business coverage and categorizes
financial news from U.S.Europe and Asia.

U.S. & Canada

The Fintech Trends for Q4 and 2021

2020 was truly a crazy year for fintech companies and 2021 will undoubtedly be another massive year of growth. DNX Ventures and Thomvest Ventures share their insights, trends and predictions. Read more on Fintechf.com

Image : Mohd KhairilX / Shutterstock.com

Scopely Raises $340M at $3.3 Billion Valuation

Scopely has raised $340 million to continue its mobile gaming growth plans as players embrace games during the pandemic. The deal values Scopely at $3.3 billion post-money. Read more on VentureBeat.com

Image: Rawpixel.com  / Shutterstock.com

Surge in Online Holiday Shopping will Pack 2 Years of Growth into One Season

Online sales this November and December are forecast to surge 33% year over year to a record $189 billion, according to from Adobe Analytics. Read more on Cnbc.com

Image: Visual Generation / Shutterstock.com

Private Equity Shifts its Attention to Renewable Energy


Private equity is watching the consolidation of the North American oil and gas sector from the sidelines, instead focusing its energy efforts on renewables. Private Equity believes that a President Biden could usher in a new era of renewable energy subsidies. Read more on  Axios.com
Image: Petovarga / Shutterstock.com

Apple Is Reportedly Creating Its Own Search Engine Amid Google’s Antitrust Woes

Apple is intensifying long-standing efforts to beat Google at its own game by building its own rival search engine technology, the Financial Times report, as U.S. antitrust regulators hone in on Google. Read more on Forbes

Image: Moab Republic / Shutterstock.com

U.S. Capital Raising and M&A Highlights

AE Industrial Partners, LP, announced it acquired PCI, a leading provider of cybersecurity, computer network operations to the intelligence and defense communities. Terms of the transaction were not disclosed. VCAonline
Bluefin, a payment and data security solutions provider, announced it has raised $25 million in growth financing led by Macquarie Capital Principal Finance. SecurityWeek
Callaway Golf Co said it would buy the rest of Topgolf Entertainment Group, giving the U.S. driving-range operator an equity value of about $2 billion. Reuters
Canvass Analytics, a global leader in industrial Artificial Intelligence advanced analytics announced a USD$6.5 million funding round for led by Yamaha Motor Ventures & Laboratory Silicon Valley, Inc. Venturebeat
Capacity, an AI-driven process automation platform, raised $11 million in a Series C round from Rice Park Capital Management and others. Venturebeat
CoStar Group Inc and a private equity consortium led by Warburg Pincus and GTCR are among the bidders seeking to acquire CoreLogic Inc. Reuters
DoubleVerify provides tools to advertisers and brands, marketplaces and publishers, has closed a monster round of $350 million, led by Tiger Global, with Fidelity. Techcrunch
Edlyft, a support platform for STEM courses, raised over $1.4 million in venture funding from investors including Kleiner Perkins, and others. Forbes
Enso Security, a pioneering Application Security Posture Management startup, today announced $6 million in seed funding led by YL Ventures. Venturebeat
Exact Sciences Corp said on it would buy cancer-screening firm Thrive Earlier Detection Corp in a cash-and-stock deal valued up to $2.15B. Reuters
Forethought, a product for triaging support tickets and resolving them using NLP and AI announced on it’s raised $17M in a Series B funding round. Forbes
GTCR, the Chicago-based PE group, is buying a majority stake in Consumer Cellular Inc., the wireless company popular with customers over age 50. The deal values the company at roughly $2 billion. Yahoo!Finance
Homethrive, a Chicago, IL-based healthtech company, raisded $18m in Series A funding. The round was led by 7wireVentures and Pitango HealthTech. Finsmes
Honor announced it has raised $140 million in Series D funding, led by Baillie Gifford. VCnewsdaily
Intuitive, a global technology leader, launched Intuitive Ventures. The $100 million fund will invest in the future leaders of minimally invasive care. VCAonline
Kandji, a mobile device management startup, announced a $21 million Series A led by Greycroft. Techcrunch
Lightyear, an NYC startup helping companies procure networking infrastructure, announced a $3.7M seed round today led by Amplo. Techcrunch
Lunchbox, a startup that allows restaurants to build ordering experiences on their own websites and apps, announced that it’s raised $20 million in Series A funding led by Coatue. Techcrunch
MachEye, a San Jose, CA-based natural search and AI-powered analytics company, raised $4.6m in seed funding led by Canaan Partners. Finsmes
Marvell Technology Group Ltd is nearing the acquisition of Inphi Corp with the deal valued at about $10 billion, the Wall Street Journal reported. Reuters
Moxie, the NY-based outfit offering subscription-based fitness platform, raised $2.1M in seed funding from Tencent, Vectr and angels. Techcrunch
Nice Healthcare, a Minneapolis video and in-home primary care provider, has raised $5 million in seed funding headed by Waterline Ventures. Mobilhealthnews
Nielsen Holdings is in talks with Advent International to sell its consumer goods data unit for $2.9 billion, the Financial Times reported on Tuesday. Reuters
Outrider, an autonomous logistics startup, closed a $65 million funding round led by Koch Disruptive Technologies. Venturebeat
Pulumi, a new startups in the ”infrastructure-as-code” space, today announced that it has raised a $37.5 million Series B funding round led by NEA. Techcrunch
Priori Legal, a NYC-based on demand legaltech marketplace, raised $6.3M in Series A funding from existing investors Hearst Corporation and others. Finsmes
Quinn, a natural foods snack company , announced it has closed additional Series D funding  from The Hershey Company, and existing investors. VCAonline
Robust.AI, a Palo Alto-based company advancing a cognitive engine for robots, closed a $15m Series A round led by Jazz Venture Partners. Finsmes
Ryder System, Inc., a leader commercial fleet management solutions, announced RyderVentures, to invest in logistics and transportation start-ups, and is targeting $50 million in investments over the next five years. VCAonline
Shotcall has raised $2.2 million in a seed funding round to build a platform to form gaming communities and marketplaces for fans. Initial Capital and New Stack led the round with contributions from Lerer Hippeau. Venturebeat
Sinai Technologies, a decarbonization software platform, raised $3.8m in seed funding round led by Afore Capital. Finsmes
StrongDM, a single sign-on company for backend infrastructure, announced that it has raised $17 million in Series A led by Sequoia Capital. Forbes
The Wanderlust Group, a tech leader in the marine and outdoor lifestyle industries, announced it closed $14.2m in Series B funding. PRWeb
Tilt Five raised $7.5m to build AR glasses, game board, and wand controller for playing board games in AR, in a round led by SIP Global Partners. Venturebeat
Vibenomics, a location-based Audio Out-of-Home™ advertising and experience company, announced $6.5 million in Series A2 funding. BIP Capital  is a follow-on investor along with Elevate Ventures. Venturebeat
Visa is to acquire payments technology firm YellowPepper in an effort to extend its influence across the region and the Caribbean. Finextra
WHOOP has closed a $100 million Series E financing at a $1.2 billion valuation led by IVP. VCnewsdaily
Yesway, a Texas-based convenience store operator, raised an additional $235m in equity funding from Brookwood Financial Partners. Finsmes.com

International News

Visa To Acquire YellowPepper To Expand Network of Networks In LATAM

Visa has inked an agreement to acquire YellowPepper, which works with startups in the Caribbean and Latin America, according to an emailed press release. Read more on Pymnts.com
Image: Tony Stock  / Shutterstock.com

TVM Capital Life Science Closes Second Fund, at US$478M

TVM Capital Life Science, a Munich, Germany and Montrwal, Canada-based life sciences venture capital firm, closed its latest fund, at US$478M. Committed capital was raised from Eli Lilly and Company and others. Read more on Finsmes.com
Image: Ahmetov Renat / Shutterstock.com

Accenture to Acquire OpusLine

Accenture is to acquire OpusLine, a Paris, France-based consulting company that provides strategic advisory and transformational services to public- and private-sector healthcare providers as well as life sciences and insurance companies in the country. Read more on Finsmes.com

Image: 360b / Shutterstock.com

India, UK to Set Up a Bilateral Sustainable Finance Forum

The finance ministry on Wednesday said India and the United Kingdom have agreed to establish a bilateral Sustainable Finance Forum. UK-India Fast-Track Startup Fund backed by SIDBI and the UK government will fund early-stage tech startups... Read more on Newindianexpress.com
Image: prabowo96 / Shutterstock.com

UK Accused of Letting Private Equity ‘Cash In’ on Loans


The government has been accused of letting private equity groups “cash in” on state-backed coronavirus loans, by allowing the companies that they own to use the funding to cover the costs of the large debts used to buy them. Read more on FinancialTimes
Image: NAR Studio / Shutterstock.com

 

International Capital Raising and M&A Highlights

AppFollow, an app management startup, has raised a $5 million Series A round led by Barcelona’s Nauta Capital, and others. Techcrunch
CodeSandbox, an Amsterdam-based startup with a rapid web development platform, raised $12.7m in Series A funding led by the EQT Ventures fund. Finsmes
Icon Solutions, a payments technology outfit, has secured an equity investment from JPMorgan. Financial terms were not disclosed. Finextra
Jaya Grocer's owners are weighing selling a controlling stake in a deal valuing Malaysia’s biggest high-end supermarket at more than $200M. Yahoo!Finance
Juganu, developing a circadian indoor lighting system that inactivates the COVID-19 virus, raised $18M in Series C led by Comcast Ventures. Crunchbase
KatKin, a pet-tech company, announced a seed round of almost €5 million led by Octopus Ventures. Eu-startups
Kaz Minerals said it has agreed to be acquired by Nova Resources in an all-cash deal that values the London-listed miner at £3 billion ($3.91b). Reuters
Kodit.io, a Helsinki-based real estate startup, raised €100M in a combination of equity and debt funding led by Nordic real estate investor NREP. Finsmes
Medici Ventures, a subsidiary of Overstock, announced today an $8 million equity purchase in the Barbados-based digital currency start-up Bitt. Forbes
Novartis is buying Vedere Bio, gene therapy technology. Novartis is paying $150M upfront and additional milestone payments for a total of $280M. Reuters
Odaseva, a French SaaS company has raised $25 million in a Series B funding round led by Eight Roads Ventures with new investor F-Prime Capital. Tech.eu
RTL Group said it had completed the sale of its majority stake in Vancouver-based BroadbandTV to BBTV Holdings for 102 million euros. Reuters
Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition. The new takeover price was set at $131.5 a share from $135. Reuters
Unicaja and Liberbank are in merger negotiations to create the country’s fifth biggest lender in terms of total assets are still ongoing. Reuters
VentureIsrael announced today the launch of a new venture capital fund, which will invest in Israel based, early stage deep-tech start-ups. Venturebeat
Vestas, the Danish wind turbine maker agreed to buy Mitsubishi Heavy Industries share in their offshore JV MHI Vestas for €709M ($838M). Reuters

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