Aug 7, 2024
Venture Capital:
Riverlane, a quantum computing startup specializing in error correction, raised $75M in a Series C round, bringing its valuation to over $400M. The investment was led by Planet First Partners.
Seeq, an industrial analytics startup, secured $50M in Series D funding, led by Sixth Street Growth.
Octane, a fintech company enabling recreational purchases, raised $50M in a Series E round led by Valar Ventures.
KNIME, a data analytics platform, secured $30M in funding from Invus.
H3X, a startup developing electric motors for aerospace and marine industries, raised $20M in a Series A round led by Infinite Capital.
Apromore, an AI-powered process mining startup, secured $15M in a Series B-1 round, led by Salesforce and GBTEC.
Aurascape AI, an AI cybersecurity startup, raised $12.8M in seed funding, led by Mayfield Fund.
Hyperspace, a company building cloud instances to accelerate database tasks, raised $9.5M in a seed round led by Mizmaa.
Indian space tech startup EtherealX raised $5M in seed funding, led by YourNest.
Private Equity:
Cinven will become the majority shareholder of Swedish beverage company Vitamin Well, acquiring a stake from Bridgepoint in a deal valuing the company at $3.3B.
Veritas Capital has agreed to acquire NCR Voyix’s digital banking business for $2.5B.
Thoma Bravo is exploring the sale of ESG compliance software maker Cority, valuing the company at $2B, including debt.
Canada’s OMERS and German asset manager DWS are set to acquire Italian train station operator Grandi Stazioni Retail for approximately $1.35B.
Saudi Arabia's Zahid Group is in talks to privatize Barloworld, an African distributor of Caterpillar equipment, in a deal valued at $908M.
KKR is close to securing a controlling stake in financial communications firm FGS Global in a deal worth $800M.
Media giant Ziff Davis has acquired tech news website CNET for approximately $100M.
Commodities trader Gunvor will acquire TotalEnergies's 50% stake in Pakistan's second-largest gas station network, Total Parco.
IPO:
China Resources Beverage’s Hong Kong IPO is encountering resistance regarding its $6B valuation target.
Indian EV scooter maker Ola Electric’s $734M IPO attracted $1.8B in bids.
Fintech giant Klarna is mulling a secondary sale in anticipation of a potential US IPO.
AI chipmaker Black Sesame International priced its shares at the low end of the marketed range, raising $133M in its Hong Kong IPO.
New Funds:
Infrastructure investor Stonepeak has raised $3.2B for its debut middle market fund.