Advanced Micro Devices Inc. plans to buy rival chip maker Xilinx Inc. in a $35 billion deal and Thoma Bravo Raises $22.8B for 3 funds
October 27, 2020
Cyndx Insights is your daily window to the business world, focusing primarily
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U.S. & Canada
AMD Agrees to Buy Rival Chip Maker Xilinx for $35 Billion
AMD and Xilinx on Tuesday said the companies reached an all-stock deal. The U.S. semiconductor industry is going through a seismic transformation, driven both by a wave of corporate transactions and a pandemic that has supercharged demand for some chips. Read more on WSJ.com
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Verizon, Microsoft Partner to Accelerate 5G Technology
Verizon and Microsoft have teamed up to accelerate the delivery of private 5G networks for businesses, announcing a collaboration they said will transform the retail, transportation, logistics, manufacturing and healthcare industries. Read more on PYMNTS.com
Image: GarryKillian / Shutterstock.com
What Tech is the MutliFamily Market Turning to for Solutions during COVID?
Since RET is primarily backed by multifamily players and invests in technology that is dedicated to adding value to that sector, these insights on tech trends from RET Ventures' John Helm. Read more on Forbes.com
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Direct Subscriptions May Be The Next Level Of Fan Monetization
We’ve seen numerous tech giants alter their business models from totally sales oriented to sales along with some form of subscription in an effort to maintain a steady income stream less susceptible to the whims of consumers. Read more on Forbes.com
Bain Capital Ventures: 2020 is B2B Payment's Breakout Year
There’s no doubt that 2020 will be remembered for a lot of things, most of which are painful. But Bain Capital Ventures’ partner Matt Harris tells Karen Webster that this year has also marked the tipping point for commercial payments.. Read more onPymnts.com
Image: Pavel Kapysch / Shutterstock.com
U.S. Capital Raising and M&A Highlights
Be Biopharma, a Cambridge, MA-based company developing B cells as medicines, raised $52m in Series A financing. The round was led by Atlas Venture and RA Capital Management joined by Alta Partners, Longwood Fund and Takeda Ventures. Finsmes.com
Brookfield Business Partners will buy the remaining 43% stake in Genworth MI Canada, a real estate service provider, for about C$1.6 billion ($1.21 billion). Reuters.com
Dunkin’ Brands, the parent company of the Dunkin’ and Baskin Robbins chains, has held "preliminary discussions to be acquired by Inspire Brands," FOX Business has confirmed. Foxbusiness
Eagle Eye Networks, a cloud video surveillance company, raised $40 million in Series E funding from Accel to advance its platform. Crunchbase.com
Esports Entertainment Group acquired Helix eSports and GGCircuit for $43 million in a quest to become an esports and betting powerhouse. Venturebeat.com
Floracracy, a Rockford, Illinois-based provider of sustainable, online personalized floral shopping experiences, launched Monday with $1.02 million in seed funding. Crunchbase.com
Las Vegas Sands Corp, is exploring a sale of its flagship casinos in Las Vegas for about $6 billion, a source told Reuters on Monday. Reuters.com
Lone Wolf Technologies, a residential real estate software company, received an investment from funds managed by Stone Point Capital. The amount of the deal was not disclosed. Finsmes.com
GoodCell, a Waltham, Mass.-based company decoding human health to extend and improve the quality of life through technology, raised $17.9m in a equity funding. The backers were not disclosed. Finsmes.com
Grayshift, a leading provider of mobile device digital forensics, specializing in access and extraction, announced it has raised a $47 million series A round of financing, led by PeakEquity Partners. VCnewsdaily.com
Hubilo, a virtual events platform, announced it has raised a $4.5 million seed round, led by Lightspeed. Techcrunch.com
Insurity, a Hartford, CT-based provider of cloud-based core system solutions and data analytics for large insurers, brokers, and MGAs, acquired Bill It Now, a provider of a cloud-based billing-as-a-service solution. The terms of the acquisition were undisclosed. Finsmes.com
Ketos, a San Francisco, CA-based water intelligence and analytics company, closed a $18m financing round. The round, which brought total funding raised to date to $30m, was led by Motley Fool Ventures with participation from Citi and Illuminated Funds Group as new investors. Finsmes.com
Lattice Exchange, a San Francisco, CA-based decentralized platform that aims to advance digital-asset trading, received an investment from digital-asset market firms. The round was led by GSR. Finsmes.com
NeoLight, a startup company that’s working to bring hospital-grade neonatal care technologies to the home, has raised $7 million more in financing from Dignity Health and Honor Health Systems and others. Techcrunch.com
NTTVC, a Palo Alto, Calif.-based venture capital firm formed in collaboration with NTT, launched a $500m fund. NTTVC invests across all stages and sectors, with a focus on the future of enterprise, digital health and innovations powered by AI, machine learning and data. Finsmes.com
OnSite Waste Technologies, a Newport Beach, CA-based innovator in immediate sterilization of medical waste, closed a $3.5m Series A funding round. OnSite has now raised a total of $8.5 million in capital, which has helped contribute to a 500%, quarter-over-quarter growth rate for the company. The round was led by Mark IV Capital. Finsmes.com
Revolution, a manufacturer of sustainable plastic solutions, announced it has acquired Polar Plastics Corporation from Spell Capital Partners. Finance.Yahoo!
Rune Labs, Inc., a San Francisco, CA-based developer of software that enables the development and delivery of the next wave of neuroscience therapeutics, secured $5m in seed funding led by DigiTx Partners. Finsmes.com
Salesforce, the global leader in CRM, launched a second $100m Impact Fund from Salesforce Ventures, to accelerate the growth of cloud companies. Finsmes.com
Scorpion Therapeutics, a precision oncology company, announced the closing of a $108 million Series A financing, led by Atlas Venture, Omega Funds, and Vida Ventures, with participation from Abingworth and Partners HealthCare Innovation. VCnewsdaily.com
symplr, a leading global healthcare governance, risk management, and compliance SaaS platform, backed by Clearlake Capital Group, L.P. has agree to acquire TractManager from Arsenal Capital Partners. Yahoo!Finance
TechSee, which describes itself as an “intelligent visual assistance” company, today closed a $30 million investment round co-led by OurCrowd, Salesforce Ventures, and Telus Ventures. Venturebeat.com
Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors, completed the fundraising for three funds totaling more than $22.8 billion in capital commitments. Finsmes.com
Vapotherm, Inc., a global medical technology company focused on the development of its proprietary high velocity therapy, announced a US$52 million growth capital financing CIBC Innovation Banking. Venturebeat.com
International News
Fiat, PSA to Win EU approval for $38 Billion Merger
Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world’s No.4 carmaker, people close to the matter said, as they strive to meet the industry’s dual challenges of funding cleaner vehicles and the global pandemic. Read more on Uk.reuters.com Image: Piotr Swat / Shutterstock.com
Rolls-Royce Seeks $2.6 Billion in Make-or-Break Share Issue
Aero-engine maker Rolls-Royce will ask shareholders on Tuesday for 2 billion pounds ($2.6 billion) in a make-or-break attempt to survive the COVID-19 pandemic, which has stopped planes flying and hammered its finances. Read more on Uk.reuters.com
Image: PHOTOCREO Michael Bednarek / Shutterstock.com
PrimaryBid Raises $50M in Series B Funding
PrimaryBid, a London, UK-based fintech platform that connects retail investors with public companies raising capital, closed a $50m Series B funding. Backers included London Stock Exchange Group, Draper Esprit, OMERS Ventures, Fidelity International Strategic Ventures and ABN AMRO Ventures. Read more onFinsmes.com Image: Julia Tim / Shutterstock.com
Chinese Fintech Giant Lufax Seeks up to $2.36 billion in U.S. IPO
Lufax said it will issue 175,000,000 American depositary shares (ADS) which will be priced between $11.50 and $13.50 per share. At the top end of the range, Lufax’s offering would be valued at $2.36 billion. Read more on Cnbc.com
Image: atiger / Shutterstock.com
Brazil's Caixa Mulls U.S. IPO of Its Digital Bank
Brazil’s state-owned lender Caixa Economica Federal is planning an initial public offering of its the newly created ‘digital’ arm in the U.S. as soon as next year, Chief Executive Pedro Guimaraes said in an interview. Uk.reuters.com
Image: Aleksander Malivuk / Shutterstock.com
International Capital Raising and M&A Highlights
Azura Ophthalmics Ltd., a Tel Aviv, Israel-based clinical-stage company developing innovative therapies for Meibomian gland dysfunction (MGD) and related eye diseases, raised US$20m in funding. The round was led by a syndicate of existing investors including OrbiMed, TPG Biotech, Brandon Capital’s Medical Research Commercialization Fund (MRCF) and Ganot Capital. Finsmes.com
Clementine, a Femtech startup has secured around €1.1 million and with it, a place in Fortunis Capital’s Top 20 UK Impact Investment Fund. Eu-startups.com
EQT, the buyout group, has kicked off the sale of facilities manager Apleona, previously part of industrial services group Bilfinger , for up to 2 billion euros ($2.4 billion). Reuters.com
FreshToHome, a fresh fish and meat e-commerce platform raised a $121 million Series C round of funding led by Investment Corporation of Dubai, Investcorp, Ascent Capital, U.S. International Development Finance Corp. (DFC), the Allana Group. Crunchbase.com
Genius Sports Group Ltd, a London-based data company for sports betting, said it would go public through a merger with New York-listed SPAC dMY Technology Group Inc II, valuing it at about $1.5 billion, including debt. Reuters.com
Linktree, which delivers link-centric user profiles, has closed a $10.7 million Series A led by Insight Partners and AirTree Ventures. Techcrunch.com
Munich Leukemia Laboratory, the German diagnostics firm has been put up for sale by its founders as they seek to lock in high prices for healthcare assets. Reuters.com
RAI Finance, a Seoul, South Korea-based blockchain-based decentralized finance (DeFi) protocol, raised $1.5m in funding. The round was led by crypto funds such as GBIC and Alphabit. Finsmes.com
TAIA, a Slovenian machine translation platform, has raised €1.2 million seed funding from the venture capital fund Fil Rouge Capital. Eu-startups.com
Wild Cosmetics, a London, UK-based design-led personal care startup, raised £2m in seed funding. The round was led by Jam Jar Investments. Finsmes.com
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