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November 05, 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

AT&T Considers Selling Minority Stake in DirecTV, U-Verse and AT&T Now

AT&T is in discussions with PE firms, including Apollo Management, to sell a significant minority stake in its DirecTV, AT&T Now and U-Verse pay-TV businesses to shift legacy assets off the wireless carrier’s balance sheet.  Read more on CNBC

Image: Lester Balajadia / Shutterstock.com

Fast is Speeding to a 1B Valuation Just One Year After Seed

The Stripe-backed fintech is looking to raise between $50 million and $200 million in the round. It was less than a year ago that the fintech raised just $2.5 million. Read more on Fintechfutures.com
Image: rudall30 / Shutterstock.com

Pandemic to Accelerate VC Investment in Logistics

The COVID-19 pandemic will accelerate a trend of supply chain efficiency advancements that have already drawn large sums of VC and PE into the segment, according to Ben Weinberg, managing director of Susquehanna Growth Equity. Read more on Freightwaves.com

Image: COREdesign / Shutterstock.com

Can Venture Capital Be Taught?

Newton Venture Programme, launched a few weeks ago by the London Business School and VC, LocalGlobe, aims to professionalize and diversify VC. But, can it provide a shortcut into a venture career? Read more on Forbes

Image: Julia Tim / Shutterstock.com

Women Are Still a Rarity At Tech Unicorns, Survey

New research from London-based venture fund Notion Capital confirms what we already know: More startups are becoming unicorns, but few have women at the helm. Read more on Crunchbase

Image: metamorworks / Shutterstock.com

To most entrepreneurs the process of raising capital remains an opaque process.  Cyndx Insider provides transparency and insights from both sides of the table. Join us and hear the perspectives from a founder who closed a round of funding and from the VC firm who made the investment. Live on Nov 5, 4PM EST

U.S. Capital Raising and M&A Highlights

AE Industrial Partners, LP, has acquired Linkware, LLC, a leading provider of custom software to federal government organizations, and PRE, LLC d/b/a Pangiam, a security and travel consulting services provider. Yahoo!News
Battery Ventures, a global, technology-focused investment firm, has agreed to acquire the combined Cimatron and GibbsCAM software businesses from 3D Systems Corporation. Morningstar
Blooma, a leading digital underwriting solution for commercial real estate lending, announced that the venture capital firm Nyca Partners has $3M invested in the Company's latest round of funding. VCnewsdaily
Coretelligent, announced the acquisition of managed services IT firm Soundshore Technology Group. Terms were not disclosed. Coreintelligent
Goodee, a Montreal-based home and lifestyle marketplace, completed a $2m CAD ($1.5M USD) Series 2 Seed round from multiple backers. Finsmes
Q32 Bio, a Cambridge, Mass.-based biotech company, closed a $60m Series B financing co-led by OrbiMed Advisors and Acorn Bioventures. Finsmes
The Naked Market, a San Francisco-based CPG brand, closed a $6M seed funding round. Backers included Holtzbrinck Ventures, BEB Capital... Finsmes
Riverside Partners completed an investment in Mass.-based Syner-G Pharma Consulting, LLC, which provides compliance consulting services to pharmaceutical and biotechnology clients. Finsmes
Voltus, Inc., a CA-based distributed energy resources platform, raised $25m in Series B financing led by NGP Energy Technology Partners III. Finsmes
WishBone Medical, Inc., a maker of pediatric orthopedic medical devices, closed a $20m equity round funded by LKCM Headwater Investments. Finsmes

International News

Blockbuster IPO Delays, What Happens To Fintech And Ant Exactly?

Ant Group, the financial technology giant, was set to raise $34.5 billion in the Shanghai and Hong Kong stock exchange, which would have translated into a market valuation of $313 billion. The IPO would have exceeded the size of JPMorgan Chase, Goldman Sachs, and Wells Fargo. Read more on Forbes.com
Image : rafapress / Shutterstock.com

Why Alibaba is Going into Gaming

The online gaming industry can still be thought of as an equal playing field when compared to other entertainment verticals, and Alibaba’s recent success – which has been fuelled by heavy acquisitions and promotion efforts – is no accident. Read more on Techinasia.com
Image: testing  / Shutterstock.com

10D Launches $110M Venture Fund Focused on Israeli Startups

Israeli venture capital firm 10D, which previously operated under the temporary name, Ofek Ventures, announced a $110 million venture fund targeting early-stage startups. Read more on Crunchbase
Image: Natasa Azdic / Shutterstock.com

Cellnex Nears $12 Billion Tower Unit Deal with CK Hutchinson

Billionaire Li Ka-shing is closing in on a sale of his European telecommunication towers to Spain’s Cellnex Telecom SA for about 10 billion euros ($11.7 billion).  Read more on Yahoo!Finance
Image: thongyhod / Shutterstock.com

Intel Has Acquired Cnvrg.io To Manage, Build and Automate Machine Learning

Intel continues to snap up startups to build out its machine learning and AI operations, and has acquired Cnvrg.io, an Israeli company that has a platform for machine learning models.  Read more on Techcrunch
Image: Canon_photographer / Shutterstock.com

International Capital Raising and M&A Highlights

ADM Ventures, the corporate venture capital arm of ADM, invested in Seventure’s Health For Life Capital (HFLC) Fund II, based in Paris. Finsmes
All Iron Ventures closed its first fund, All Iron Ventures I, totaling commitments worth €66.5m, one of the largest debut VC funds in Spain. Eu-startups
Baker Hughes Co said it would buy Compact Carbon Capture AS as it plans to transition to a low-carbon future. Reuters
British American Tobacco p.l.c. announced that its US business has acquired the nicotine pouch product assets of Dryft Sciences LLC, a US-based Modern Oral nicotine product company. Nasdaq
Cado Security, a London-based provider of a cloud-native cyber forensics platform, closed a $1.5m seed round led by Ten Eleven Ventures. Finsmes
Corlieve Therapeutics, a Paris-based biotechnology company focused on developing novel therapeutics for severe neurological disorders, closed its seed financing round led by Kurma Partners and IDinvest Partners. Finsmes
DESFA, the Greek gas grid operator, signed a deal to buy a stake in an offshore liquefied natural gas terminal in northern Greece, DESFA said. Reuters
DesignBro, an Irish-Dutch company providing a graphic design platform, raised nearly €400k in seed funding raised partly via private investors. Finsmes
MPowder, a London-based e-commerce menopause startup raised a £500K seed round from Pink Salt Ventures, Founders Factory and others. UKTN
Nordic Capital is to acquire BearingPoint's RegTech business, a regulatory reporting platform used by more than 6000 firms including banks, insurance companies and supervisory authorities. Finextra
Reliance Retail, which serves more than 3.5 million customers each week received an investment of $1.3 billion from the sovereign wealth fund. Techcrunch
Storyclash, a Linz-based MarTech startup and social media monitoring tool, announced a €1.8n round of funding from existing investors. Eu-startups
Sugar, a financing platform created to provide capital to games and app studios, secured £1.5 million pre-seed funding led by Passion Capital. UKTN
Streamloots, a Spain-based influencer monetization platform, announced that it has raised $7.2 million from Bessemer Venture Partners, Samaipata, Adam Draper, and the Creative Investment Club. Venturebeat
Talking Medicines, a Glasgow & London-based social intelligence company for the pharmaceutical industry, raised £1.1m in funding led by Tern Plc. Finsmes
Tencent has led a $25 million investment in Lockwood Publishing, the maker of the 3D virtual world Avakin Life. Venturebeat
Typewise, a Swiss-based startup developing AI-powered text  prediction technology, has raised €1m in a seed round from Swiss investors. Eu-startups
UniSieve, a Zurich-based cleantech startup landed ~€3.9 million funding led by Wingman Ventures, GREEN DEAL Grant, and EIT Climate-KIC. Eu-startups
Vivid Money, the German fintech startup, has raised a $17.6 million Series A funding round (€15 million) led by Ribbit Capital. Techcrunch
Waterous Energy Fund, which holds a 45% stake in Canada’s Osum Oil Sands, is buying ~40% more stake for C$126m ($95.96m). Reuters

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