Business / Productivity Software – Mindshare, Cartoon, and Data Dump v20220812UTC1742

Business / Productivity Software VC Deal Activity saw 3.37B capital invested in space during July 2022. A 34.5% decrease from June 2022.

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The company raised $800 million of venture funding from Bestseller, Silver Lake, Sequoia Capital and Commonwealth Bank of Australia on July 11, 2022, putting the company’s pre-money valuation at $5.9 billion. Mubadala Investment Company and Canada Pension Plan Investment Board also participated in the round.
The company raised EUR 530.97 million of Series C venture funding in a deal led by Target Global on June 1, 2021, putting the company’s pre-money valuation at EUR 1.92 billion. CreditEase and 28 other investors also participated in the round. The funds will be used for expanding into the US and Asia within the next two years while strengthening the company’s presence in its existing markets in Germany, Austria, Switzerland, and Poland. Recently, the company raised $400 million of Series D venture funding led by Mubadala Capital-Ventures & Invest ADEurazeo, and participted by Horizons Ventures and Target Global on July 12, 2022, putting the company’s pre-money valuation at $4.1 billion. OMERS Ventures and LGT Capital Partners also participated in the round.
The company raised $220 million of Series C venture funding in a deal led by Tiger Global Management on July 27, 2022. GV, Insight Partners, Accel, and 6 other investors also participated in the round. The funds will be used to expand the capabilities of the company’s platform, toward supporting the developer ecosystem, onboard thousands of new developers, and support them in their buy-to-build journey while continuing to expand our global network of institutional partners.
The company raised GBP 165 million Series D venture funding from BNP Paribas and M&G Investments on July 6, 2022. The funds will be used in widening the company’s customer outreach to more businesses and improving on export financing services.
The company raised MYR 750 million of venture funding in a deal led by Lazada on July 25, 2022. Touch ‘n Go also participated in the round. The funds will be used to continue to expand in all areas of digital financial services and ensure that user base is served in an innovative and inclusive manner.
The company raised $122 million of Series B venture funding through the combination of debt and equity from MasterCard, Goldhouse Capital and the Asian Hustle network on July 21, 2022. Morgan Stanley and Hyphen Capital also participated in the round. A $100 million of debt financing in the form of a loan was provided by Silicon Valley Bank. The funds will be used to expand its credit product offerings including auto loans and mortgages with its innovative underwriting solutions.
The company is in talks to be acquired by Itaú Unibanco Holding (BVMF: ITUB3) for an undisclosed amount as of July 8, 2022. Also on July 8, 2022, the company raised BRL 493 million of venture funding from Itaú Unibanco Holding.

Author: JDM

Simi Private

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