November 12, 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

Qualcomm Ventures Invests in Four 5G Startups

Qualcomm Ventures, Qualcomm’s investment arm, today announced four new strategic investments in 5G-related startups to help jumpstart 5G use cases in the enterprise and for consumers by investing in a wide range of companies that can build the necessary infrastructure. Read more on Techcrunch

Image: Fit Ztudio /

Palo Alto Networks Buys Expanse for $800M

Palo Alto Networks has agreed to acquire Expanse, an attack surface management vendor, for approximately $800 million. Under the terms of the agreement, Palo Alto Networks will pay $670 million in cash and stock and $130 million in replacement equity awards. Read more on

Image: Michael Vi /

SentinelOne Raises $267M in Series F Funding; Valued at Over $3 Billion

SentinelOne, a Mountain View, Calif.-based autonomous cybersecurity platform company, raised $267m in Series F funding. The round was led by Tiger Global Management, with participation from Sequoia Capital Global Equities and existing investors Read more on
Image: Michael Vi

Intrinsic Capital Partners Raises More Than $100M

Intrinsic Capital Partners, a Pa.-based private equity firm, closed a $102m growth equity fund. Intrinsic Health Partners, L.P., invests in life science and technology businesses focusing on ancillary life science and technology companies that support the broader cannabis and hemp industries. Read more on

Image: ra2 Studio /

Walmart and Cruise Partner to Test Autonomous Grocery Delivery in Arizona

Walmart and autonomous vehicle company Cruise are pairing up to test grocery delivery in Scottsdale, Arizona. Customers will be able to place an order from their local Walmart store and have it delivered via one of Cruise’s autonomous, electric cars. Read more on Techcrunch

Image: Chesky /

Cyndx Custom Comps Identifies the Right Comparable Sets For Your Deals

In seconds, you can now establish a framework for private company valuations, based on public company trading metrics.  Edit and add comps on the fly with real-time recalculations.  See it now on Cyndx

Image: Chesky /

U.S. Capital Raising and M&A Highlights

AppBrilliance, the open payment startup has raised over $3 million in a seed funding round joined by Studio VC. Finextra
Bumped, a technology company that aims to reward consumers with equity in brands they frequently shop with, raised a follow-on funding of $10.4 million for its Series A round, as well as closing on $5 million in debt financing. Crunchbase
Dimension Inx, a biofabrication company developing regenerative medical implants, has raised a $3.175M Seed round, led by KdT Ventures. VCnewsdaily
Endpoint, a digital title and escrow company, announced today an additional investment of $40 million from its parent company, First American Financial Corporation. VCAonline
Explo, a member of the Y Combinator Winter 2020 class, which is helping customers build customer-facing business intelligence dashboards, announced a $2.3 million seed round today from multiple investors. Techcrunch
Fishtown Analytics, the Philadelphia-based company behind the dbt open-source data engineering tool, announced it raised a $29.5 million Series B round led by Sequoia Capital. Techcrunch
HYZON Motors has received capital from Total Carbon Neutrality Ventures and other specialist hydrogen investors. VCnewsdaily
Inipharm, a biopharmaceutical company focused on discovering and developing therapies for severe liver diseases, closed a $35m Series A financing round. Backers included 5AM Ventures and Wu Capital. Finsmes
Intrinsic Capital Partners, a PA-based PE firm, closed a $102m growth equity fund to invest in life science and technology businesses in that area. Finsmes
Marex Spectron, a commodities broker has agreed to buy X-Change Financial Access, a U.S. specialist in exchange-traded derivatives, to boost its North American business. Reuters
Mozart Data, a modern data stack tech company, announced a $4 million seed round today led by Craft Ventures and Array Ventures. Techcrunch
R-Hauz Solutions, a Toronto-based real estate product startup, closed a C$4.5M seed funding round from BDC Capital, R-LABS, and others. Finsmes
Roots Automation, a NYC-based Digital Coworkers as a Service company, raised $3.2M in seed funding led by Vestigo Ventures. Finsmes
Signal Automotive, a technology-enabled wholesale automotive platform, today announced a $20MM investment led by Kayne Partners Fund. VCAonline
So Good So You is expanding its footprint in retail stores and online after closing on $14.5m in growth funding led by Prelude Growth Partners. Crunchbase
Spruce, an Austin, Texas-based provider of lifestyle services to the multifamily industry, announced $8m in Series A financing led by Mercury Fund. Finsmes
Trailhead Biosystems Inc., a Cleveland, OH-based biotechnology company, raised $6.6m in Series A financing.  Finsmes
TrustClarity Inc., a Chicago, IL-based B2B software as a service  storefront platform, closed a $300k pre-seed funding round from various backers. Finsmes
Vance Street Capital LLC, an LA-based PE firm, announced the acquisition of Wytech Industries Inc., a leading manufacturer of specialty core wires for the interventional medical markets. VCAonline
Zero Egg, a San Francisco, CA-based maker of a plant-based egg alternative, raised $5m in Series A funding led by Powerplant Ventures. Finsmes

International News

India Approves Google's $4.5B Deal with Reliance's Jio Platforms

India’s antitrust watchdog has approved Google’s proposed investment of $4.5 billion in the nation’s largest telecom platform Jio Platforms, it said in a tweet on Wednesday.  Read more on Techcrunch
Image: rafapress /

Peregrine Ventures Launches new $300 million Fund

Peregrine Ventures, one of Israel’s premier venture capital firms focused on the life sciences, today announced the launch of a new growth fund, Peregrine Growth, focused on late stage life science companies. Read more on
Image: Natasha Azdic /

What SoftBank Backing Tier Means for European Micromobility

SoftBank has led a $250m investment round into scooter operator Tier has been met with interminable optimism. But is it, really, such a good sign? Find out on
Image : New Africa /

BMW Weighing Options for Mobility JV with Daimler

BMW AG Chief Executive Oliver Zipse said Wednesday he is weighing options for the company’s mobility services joint venture with Daimler AG, including bringing in new partners or possibly a partial sale. Read more on
Image: Bashigo /

Rabobank Commits to New Seedcamp Fund

Seedcamp, Europe’s leading pre-seed and seed stage Venture Capital firm, today announced the £78M first and final close of its heavily oversubscribed fund to continue in its 13+ year track-record of backing Europe’s most exceptional founders. Read more on
Image: Ahmetov Renat /

International Capital Raising and M&A Highlights

Advent, the Private equity group, has shortlisted four prospective buyers in the sale of its Dutch medical supplier Mediq, which could fetch more than 1 billion euros ($1.2 billion), sources close to the matter said. Reuters
Clim8, the ethical investment app, smashed through its crowdfunding target, reaching £2.35 million from investment funds and 1900 retail investors. Finextra
Elementis has rejected Minerals Technologies Inc's all-cash buyout offer that values the specialty chemicals firm at 621.5m pounds ($819m). Reuters
Fiat Chrysler and Engie EPS, a part of French utility Engie that focuses on energy storage systems and microgrids, plan to set up a joint venture to boost electric mobility. Reuters
ilumoni, the British fintech startup helping people to borrow better, has raised more than €380K pre-seed investment backed by Move Ventures. Eu-startups
Kuda, a startup out of Nigeria that operates a popular mobile-first challenger bank for consumers announced a $10m seed round. Target Global with Entrée Capital and SBI Investment participated. Techcrunch
Qapla’, an innovative platform that enables B2C e-commerce companies to manage shipments, announces a new financing round of €950K. The round was led by Track2Marketing, CDP Venture Capital SGR and others. Eu-startups
Railsbank, a London, UK-based Banking-as-a-Service platform, raised $37m in equity funding co-led by MiddleGame Ventures and Ventura Capital. Finsmes
Smarsh®, enabling organizations to manage risk and uncover value within their electronic communications, announced the acquisition of Digital Reasoning, a global leader in natural language processing, AI, and ML. FintechF
TrustClarity Inc., a Chicago, IL-based B2B software as a service  storefront platform, closed a $300k pre-seed funding round from various backers. Finsmes

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