 Japanese video game company Sega is set to acquire Angry Birds creator Rovio for $775M. The deal is structured as all cash. More: - Rovio is most known for creating Angry Birds, a mobile game created in 2009 with a combined 5 billion downloads across all of its versions.
- The game has become a media franchise with movies, merchandise, cartoons, etc.
- Sega will pay cash for the acquisition, stating that it can combine its experience with Rovio's game development capabilities to create new titles.
- According to reports, the company's primary purpose for acquiring the company is to boost its mobile gaming division.
- This deal is expected to close in Q2 2023, while the acquisition price represents a 63% premium on Rovio's current stock price.
- Rovio is based in Helsinki, Finland.
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Soundhound AI has raised a $100M debt funding round to provide customer service AI chatbots for businesses. The company works with Mercedes Benz, Kia, Snap, LG, etc. More: - Soundhound offers a voice AI platform that enables humans to interact with products and services as they interact with each other by speaking naturally.
- The company has partnerships with brands such as:
- Mercedes-Benz,
- Kia
- Pandora,
- Stellantis,
- Qualcomm,
- Snap,
- Square,
- LG, and
- Toast.
- Atlas Credit Partners led the debt funding round, adding another $25M contingent on certain milestones.
- Soundhound AI aims to use the funding to invest in product development and international expansion.
- Since being founded in 2005, the company has raised over $400M.
- The company is based in Santa Clara, California.
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Amsterdam-based Factris raised $54M to provide fintech services for European SMEs. Aegon Asset Management led the funding round. More: - Factris aims to use this funding round to expand in markets such as Estonia, the Netherlands, Belgium, Poland, Lithuania, and Latvia.
- Factris claims it had 58% YoY Growth for its pan-European market and an 83% Growth in markets like the Netherlands.
- The company has financed over $1B in invoices as of Q1 2023.
- Since its inception in 2017, the company has raised $133M.
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Orbit Fab has raised a $28.5M Series A funding round to build a network of refueling stations in space. The company has signed contracts worth $21M with the Department of Defense. More: - Orbit Fab plans to complete four launches in the upcoming three years, most of which will be for the Department of Defense.
- 8090 Industries led the funding round, with participation from Lockheed Martin Ventures, Stride Capital, Industrious Ventures, Tribe Capital, Good Growth Capital, and Massive Capital Partners.
- The company plans to use this funding to develop on-orbit fuel tanks, which can be used to fuel space-orbiting vehicles, similar to how cars get fuel in gas stations.
- Orbit Fab is based in Lafayette, Colorado.
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 A message from MONOGRAM These Robots Could Be Headed To The Operating Room Soon Monogram aims to revolutionize the $19.4B knee replacement industry by developing precision surgical robotics to install personalized, 3D printed implants. And you can invest in the company ahead of their planned Nasdaq listing. With 100,000 failed joint replacement surgeries every year, we believe that this market has been due for a realignment. Surgeons have been forced to rely on the same technology, like hand saws and generic-sized joint implants for the last 40 years. Monogram has already demonstrated how their surgical system works on cadavers in front of 5,000+ live viewers, they have 20 patents filed, and 17,000+ people have previously invested... Join Monogram ahead of their intended NASDAQ listing. Opportunity ends 5/10. Invest Now
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💵 Today's funding: Biotech - Caristo Diagnostics (U.K.), a biotechnology company that specializes in cardiac and vascular disease diagnostics: $16.3M A led by Oxford Science Enterprises, with participation from BGF, Longwall Venture Partners, Oxford Investment Consultants LLP, Oxford University, and other investors.
Fintech - Yonder (U.K.), a credit card that offers reward points for different experiences: $15.4M A led by Northzone and RTP Global.
Healthcare tech - Scan (U.K.), helps patients schedule MRI, Ultrasound, CT, and X-Ray visits: $13M A co-led by Aviva Ventures, YZR Capital, Oxford Capital, Triple Point Ventures, and Simplyhealth Ventures, with participation from Forefront Venture Partners.
Sustainability - Noya (California), a carbon capturing startup: $11M A led by Union Square Ventures and Collaborative Fund.
E-commerce -
Floodlight (U.K.), provides finance tools for e-commerce SMEs: $6.4M Seed led by Aleph, and 83 North, with participation from angel investors. Cryptocurrency/Web3 - Fractal (Switzerland), provides infrastructure digital asset trades on-chain: $6M Seed led by Hack VC, with participation from 6th Man Ventures, Archetype Ventures, Avalanche Ecosystem Fund Blizzard, Circle Ventures, CMT Digital, CoinShares, GoldenTree Asset Management, QCP Capital, and Spartan Group.
Cybersecurity -
Oblivious (Ireland), aims to help data scientists protect their sensitive data: $5.8M Seed round led by Cavalry Ventures with participation from Act VC, Atlantic Bridge, Firestreak Ventures, Expeditions Fund, and Hustle Fund. Wellness -
Cure Hydration (New York), a functional hydration brand: $5.6M A led by Lerer Hippeau with participation from Valedor Partners, Simple Food Ventures, Great Oaks Venture Capital, Joyance Partners, and Silas Capital.
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- Mobb (Massachusetts), which helps companies avoid security flaw exploits, raised a $5.4M Seed round led by Ariel Maislos, with participation from MizMaa Ventures and Cyber Club London.
- Collaborative music platform Myxt has raised a $2M Seed round led by Accel and Quiet Capital.
- Loopin has raised a $1.9M Seed round from angel investors. The company helps businesses predict employee burnout and turnover.
- Florida-based ticket platform TicketRev raised $1.1M in a Pre-Seed funding round led by 500 Startups, Soma Capital, Groove Capital, Techstars, and the Minnesota Twins.
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | 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 and 1972 Fords. | |
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Surgery won’t look the same in 10 years – invest in Monogram, the robots pioneering more precise procedures. | |
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