2021 is off to a fast start for investments by players in spaces impacted by COVID-19, headlined by Equifax’s splashy acquisition of Kount for $640
Platforms with Global Footprints: Friday Dealbook
News of the week: Notably, noyb announced that it filed two new complaints against Apple – which continues a months long saga that has the tech giant embroiled with martech and adtech providers over competing concerns around user privacy and ad delivery effectiveness.
On that note (and offering more food for thought), this week’s deals are all about creating grab bags of tools developers and enterprises alike can utilize to holistically understand their customers and consequently be able to capture a digital view of their customers, whether by identity resolution — notably highlighted this week by Experian’s acquisition of Tapad (and by Zeotap) — for the enterprise, by identity verification (Mati), or by enabling and furthering financial service use cases (Railsbank).
Top Deals This Week
Developer of global banking platform, enabling banks, businesses, and brands to prototype, build and scale any financial use-case. The company's platform simplifies onboarding services, as well as offers, access to services such as creating digital ledgers, connecting digital ledgers to real bank accounts, receiving money, sending money, converting money (FX), issuing cards, and managing credit via the API, enabling banks and corporate customers to transact digitally and in a compliant way.
The company raised $37 million of venture funding in a deal co-led by MiddleGame Ventures and Ventura Capital on November 12, 2020. Mitsui Fudosan, alongside 5 other investors also participated in the round. The funding will be used to continue to expand the company's global footprint, further strengthen its core product proposition, and launch Credit Cards as a Service.
Developer of a customer intelligence platform designed to help companies better understand their customers and predict behaviors. The company's platform meets the GDPR enterprise data privacy and security standards and incorporates independent, integrated modules including customer data unification, identity resolution, enrichment, analytics/modeling, and activation to multiple partners in the marketing ecosystem, enabling brands to build on a nucleus of first-party data to win new customers and grow their loyal base and invest in more meaningful experiences.
The company raised $60.5 million of Series C venture funding from Singtel Innov8, MathCapital, and York IE on November 16, 2020. Flight Ventures, SignalFire, Coelius Capital, Coparion, NeueCapital Partners, Capnamic Ventures, Iris Capital, New Science Ventures, IONIQ, Kathaka, Trailview Partners, and European Investment Bank also participated in the round. The funds will be used to further invest in its customer data platform (CDP) and ID+ universal marketing identity products as well as accelerate the adoption of its platform across its 14 active markets.
Developer of an identity verification platform intended to transform anonymous strangers into trustworthy individuals online. The company's platform provides a suite of identity verification tools built on regional data sources and consolidated on a global scale from local government checks to global watchlists, enabling businesses with the digital identity tools they need to provide better trust-based services to more people.
The company raised $13.5 million of Series A venture funding in a deal led by Tribe Capital on November 17, 2020. Spero Ventures, Amaranthine, Aglaé Ventures, Operator Partners, Index Ventures, Jerry Murdock, William Hockey, and Sima Gandhi also participated in the round. The funds will be used to solidify Latin American presence, fuel global expansion, and accelerate growth.
Provider of cross-platform advertising services for advertisers, agencies, and trading desks in New York, New York. The company's technology allows advertisers to view analytics of media consumption on smartphones, tablets, and home computers, provides cross-device data, digital linking, and distribution capabilities to clients.
The company, a subsidiary of Telenor Group (OTCMKTS: TELNY), was acquired by Experian (LON: EXPN) for $280 million on November 19, 2020. The acquisition will enhance Experian’s digital offerings for advertisers, agencies and publishers and particularly for Advanced Television, positioning Experian to take advantage of expansion in the market for digital-data advertising.
Founded in 1998, Global Brain is a venture capital firm based in Tokyo, Japan. The firm specializes in seed, early, and later stage investments. The firm seeks to invest in companies operating the e-commerce, software, game, disruptive technology, education, entertainment and fintech sectors.
Active Portfolio - 187
Investments (TTM) - 48
Med. Round Amount - $5.72M
Med. Valuation - $38.55M
# of Exits - 60
This period’s deals are all about buffing up the enterprise’s ability to manage digital identity, reflecting capital increasingly deployed towards managing data in a privacy
This week’s deals reflect growing investment trends for tackling different aspects of the onboarding process to create a digital identity – whether focused on identity
This week’s deals reflect growing investment trends for securing identity across the identity tech stack – both inside and out, leveraging cybersecurity, authentication, and verification
In light of the pandemic transforming the ways we access digital identity, governments — as in the case of Ontario — and private entities alike
News of the week: Notably, noyb announced that it filed two new complaints against Apple – which continues a months long saga that has the