Owler Weekly Funding Insights | August 7-13 2023
A roundup of the previous week’s large and small funding rounds from Owler.
💸 COMPANIES YOU SHOULD KNOW
+ Osano Raised $25M in Funding
Texas-based data privacy platform Osano raised $25M in a Series B funding round. Investors include Baird Capital, Jump Capital, LiveOak Venture Partners, Next Coast Ventures, TDF, and First Ascent Ventures. The funds will enable the company to expand its team.
+ PumpTech Received $25M in Funding
Founded in 1986, PumpTech distributes high-quality pumping products and systems in the Pacific Northwest. The $25M the company received will be used to aid in the acquisition of Alpha Southwest and Pipestone. Prior to the August backing, the company raised an undisclosed amount during a private equity round in 2021.
+ Simon Data Raised $54M in Series D Round
In a Series D round, analytics and marketing automation startup Simon Data, Inc. raised $54M. Investors included: Macquarie Capital, Polaris, 406 Ventures, and F-Prime. Recently, the company added another built-in feature called Connected Segmentation and plans to use the funding for the continued expansion of tools.
+ Tillman FiberCo Received $200M in Funding
Tillman FiberCo is a New York-based telecommunications company that builds and operates high-speed internet infrastructure for commercial and residential sectors. With the investment of funds, Tillman FiberCo will advance its open-access network for customers.
+ Driver Technologies Raised $6M in Equity Funding
Driver Technologies is an AI-powered mobility tech company headquartered in New York, New York. According to FINSME, The product converts drivers' phones into a dash cam designed to improve road safety and make mobility technology more accessible. The $6M funding round was led by IA Capital, and CT Innovations. Other participants include Liberty Mutual Strategic Ventures, State Auto Labs/Rev 1, as well as investors from The Social Entrepreneurs’ Fund, ID8 Investments, C2 Ventures and Kapor Capital.
💰 BIG BACKINGS
🤝 CATCH UP ON AUGUST ACQUISITIONS
+ Thomson Reuters Acquired Westlaw Japan K.K.
Thomson Reuters purchased a Japan-based company that provides law practice management, regulatory intelligence, and compliance learning for the legal industry. Thomson Reuters is a media conglomerate with more than 60 subsidiaries. Its last acquisition took place in June 2023.
+ AkzoNobel Acquired Sherwin-Williams'S Chinese Decorative Paints Business
Vehicle paint and specialty chemicals provider AkzoNobel purchased the Sherwin-Williams Chinese Decorative Paints business for an undisclosed amount. The acquisition will boost the company’s position in China and further its market segmentation according to CollisionWeek.
+ Rockstar Games Acquired Cfx.re
Video game developer and publisher Rockstar Games acquired Cfx.re, the company behind FiveM and RedM, a California-based SaaS platform that enables gamers to play multiplayer on customized dedicated servers.
+ Simon & Schuster Acquired by Kohlberg Kravis Roberts & Co.
Private equity firm Kohlberg Kravis Roberts & Co. (KKR) acquired famed publishing company Simon & Schuster along with LEAP India and Synovus Bank's Prime Auto Loans Portfolio during the month of August. The latest acquisitions bring KKR’s total to 169 subsidiaries.
+ Watershed Distillery Acquired by Marussia Beverages USA
Founded by Greg Lehman, Watershed Distillery was purchased by Cedar Knolls, New Jersey-based Marussia Beverages USA – a national importer of premium spirits, sake, and wines. Marussia Beverages USA is part of the larger global group Marussia Beverages.
Prospect with speed and get valuable insights on the companies you care about using Owler Max. Get started today with a free trial for your team of five or more!
