Austin, Texas-based supply chain management platform E2open Parent Holdings, Inc. acquired Logistyx Technologies for $185M. Logistyx’s 550 global carrier integrations, including UPS, FedEx, DHL, and other clients, will be added to E2open’s existing network. More: - E2open paid $90M of the acquisition amount in cash and will fund the remaining deal amount via cash or cash and stock combination through two additional installments.
- The installments are payable at 90 and 180 days from the deal’s closing.
- Acquiring Logistyx is key to expanding E2open’s global presence.
- The acquisition will add and scale E2open’s shipping capabilities to cater to the rising market demands.
- In 2021, Logistyx garnered $40M in revenue.
- E2open acquired cloud-based logistics platform BluJay Solution in Sept. 2021 for $1.7B.
- The acquisition helped increase E2open’s footprint in the EMEA and APAC regions.
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Griffin Gaming Partners announced a new $750M Fund II to invest in gaming content, infrastructure, social platforms, and gaming-related Web3 companies. The new fund increased the firm’s total assets under management to over $1B. More: - The company will continue to invest in gaming sector startups from seed through growth stages.
- The team claims to access over 1,300 prospective opportunities per year to identify suitable investments.
- Its past investments include Forte, Discord, AppLovin, Spyke Games, DeHorizon, SuperTeam, and more.
Zoom out: - Global gaming industry revenues topped $180.3B in 2021, per Newzoo, and are expected to continue growing by 248% over the next decade.
- Annual gaming consumer spending is forecasted to reach $256B in 2025.
- M&A deals in the industry in 2021 reached a record high of $85B in value across 1,159 deals, three times higher than the year prior.
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 A message from STAMPED.IO How Reviews & Loyalty Programs Boost Revenue for eCommerce Brands Reviews and loyalty programs are powerful tools for eCommerce merchants to establish trust and connection with their customers and increase revenue. Stamped, the leading Reviews & Loyalty platform, highlights the impact of social proof in the case study “How Stamped Helped Daily & Co. Increase VANITY TABLE’s ARR by 220%.” - Multi-channel review requests, through email and Messenger, are highly effective and resulted in 17 000+ reviews in just months
- Customers participating in the loyalty program shared twice as many reviews and their CLV is 85% higher than non-loyalty program members
- Since implementing Stamped, this merchant has doubled their ARR
Read the full case study to learn the strategies and implementation behind this brand’s success with Stamped. Learn More
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Berlin-based freight forwarding and supply chain solutions company Forto raised $250M Series D at a $2.1B valuation. The funding was led by Disruptive and saw participation from Softbank’s Vision Fund 2, G Squared, Northzone, Unbound, and A.P. Moeller Holding. More: - The firm has raised $600M in funding so far, including the recent fundraising.
- The incoming funds will be used to expand its service offerings globally.
- Plans are in place to extend services in Poland, Belgium, Sweden, and southern Europe in 2022.
- Forto’s 2,000+ customers include Home 24, Edeka, Glencore, ThyssenKrupp, and others.
- Ferry Heilemann, Erik Muttersbach, Michael Wax, and Fabian Heilemann founded Forto in 2016, earlier known as FreightHub.
- The team previously set up DailyDeal, which Google later acquired for over $100M in 2011.
Zoom out: - Logistic solution startups are witnessing an influx of funds:
- Andreessen Horowitz and MSD Partners co-led a $935M Series E funding into Flexport at an $8B valuation.
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Australia-based Immutable raised $200M Series C funding at a $2.5B valuation. Temasek, Singapore’s state-backed investment arm, led the funding in participation with Animoca Brands, Tencent, ParaFi Capital, Alameda Research, Arrington Capital, Mirae Asset, Liberty Global, and others. Existing investors King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners, Fabric Ventures, Possible Ventures, and Alameda Research also backed the latest funding round. More: - The latest fundraise increased the NFT startup’s valuation to over six times the $410M valuation of the firm in Sept. 2021.
- In Sept. 2021, it closed a $60M Series B funding co-led by BITKRAFT Ventures and King River Capital.
- Incoming funds will be diverted to double the workforce to over 200 employees, scale the platform, expand product portfolio, and finance prospective mergers and acquisitions.
- Immutable’s NFT trading platform, Immutable X, is based on the Ethereum-based Layer 2 protocol.
- The platform’s USP is high-transaction throughput, zero gas fees, instantaneous transaction and withdrawal facility, and high security of transactions.
- It co-developed GameStop’s NFT marketplace and launched a joint $100M fund to support developers.
- The company also announced the hiring of four new C-suite executives – Justin Hulog, Gill Findlay, John Boris, and Katherine Rau.
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 A message from MALWAREBYTES Secure success for 2022 with AI-powered cyberprotection. Remote workforces continue to raise security concerns for businesses. Remote workforces make easy targets for cybercriminals. - 1 out of 5 businesses experienced a remote-worker related security breach
- 28% of people admitted using their personal device for work more than their work-issued device
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UK-based Microbiotica closed a $67M (£50M) Series B. The fundraise was co-led by Flerie Invest and Tencent. British Patient Capital, Cambridge Innovation Capital, IP Group, and Seventure Partners participated in the funding. More: - The incoming funds will accelerate clinical studies and increase the discovery pipeline of biomarkers.
- The medical startup aims to be a world leader in microbiome precision medicine.
- Microbiotica’s proprietary platform creates differentiated products by analyzing clinical datasets and unique bacterial signatures.
- The company spun out of Wellcome Sanger Institute in 2016.
- The startup is supported by British Patient Capital through its Future Fund: Breakthrough program.
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AbbVie completed its Syndesi Therapeutics acquisition with the expected deal to be worth around $1B. AbbVie will pay $130M as an upfront payment. Shareholders may receive an additional $870M subject to fulfilling certain predetermined conditions and targets. More: - The acquisition is set to increase AbbVie’s neuroscience product portfolio, with access to Syndesi’s portfolio of novel modulators for potential treatment of cognitive impairment.
- The treatment has shown potential with a range of neuropsychiatric and neurodegenerative disorders, including Alzheimer’s disease and major depressive disorder.
- Syndesi last raised $3.26M (€6M) Series A in Sept. 2020 co-led by Novo Holdings and Fountain Healthcare Partners.
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Quick Hits - More than half of U.S. organizations said they currently spend $1M to $50M on AI initiatives every year, while another 15% are spending $51M or more, according to LXT’s new executive report.*
- Digital automotive sales and financing platform AutoFi raised $85M funding at a $700M valuation. Santander Holdings USA, Inc., SVB Financial Group, and Crosslink Capital participated in the financing.
- California-based health information network provider Health Gorilla raised $50M in Series C funding led by SignalFire. Epsilon Health Investors, IA Capital, and Nationwide Ventures participated in the recent fundraising. Funds are intended to be used for regional expansion, to accelerate product development, and to empower the workforce.
- Salesforce acquired British Columbia, Canada-based consulting and application development firm Traction on Demand for an undisclosed sum. The acquisition will allow Salesforce to tap into its 1,800+ customers and access its SaaS products suite, including bettr.me, Traction Guest, Traction Rec, Traction Hierarchies, and Traction Complete.
- The Middle East’s buy-now-pay-later provider, Tabby, raised $54M funding led by Sequoia Capital India and STV. Mubadala Investment Capital, Arbor Ventures, and Global Founders Capital also participated in the funding.
- Nvidia acquired software storage solution provider Excelero for an undisclosed amount.
- Indian venture capitalist Ankita Vashishta launched a $100M fund through her newly established firm, StrongHer Ventures. Ankita is expecting to launch a $1B fund to assist 1,000 women-focused startups with a focus on fintech, healthcare, consumer, and the Web3 sector.
- Ghanaian payment processing fintech Dash raised $32.8M seed funding led by Insight Venture Partners. Funds are meant to fuel expansion into new markets and invest and launch new technology.
- Not getting what you need from your payments processing company? Maybe it’s time for a new one.*
*This is sponsored content.
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 |  | Karan Chafekar is a Management Consultant, Business enthusiast, and Licensed Pilot. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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