Funding

Tigo Energy, Inc. (Tigo), a provider of intelligent solar and energy storage solutions, signed a definitive agreement with L1 Energy for the purchase of $50m of newly issued Convertible Notes (the Notes) to support the Company's future growth opportunities through the deployment of its solar and energy storage solutions and repayment of existing debt.

Releaf, a tech company that makes it easier for consumer goods manufacturers in Africa to access high-quality ingredients for their factories, has raised $3.3m in an oversubscribed Pre-Series A funding round. The new funding will support the launch of two new technologies: Kraken II - a portable version of its award-winning palm nut de-sheller and SITE - a geospatial mapping application that informs the most profitable positioning of food processing assets.

SirionLabs, the global AI-powered contract lifecycle management (CLM), announced that its Series D funding has reached $110 million as a result of an investment by Brookfield Growth. The previously announced round was led by Partners Group with participation from existing investors Sequoia India and Tiger Global. The fresh capital will enable the firm to expand its leadership position in the rapidly growing enterprise contract lifecycle management market.

During the U.S-Africa Business Forum, Visa announced a pledge to invest $1 billion in Africa over the next five years to advance resilient, innovative, and inclusive economies across the continent. Visa’s expanded investments demonstrate the company’s long-term commitment to Africa’s growth potential and will help enable greater access to digital payments as an entry point for expanding formal financial services for individuals and merchants.

Lineage Logistics, LLC and its affiliated entities (Lineage), one of the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, has announced it has raised over $700 million in equity from new and existing strategic partners. The capital will support the completion of a global pipeline of more than 20 in-flight greenfield and expansion projects totaling over $1.25 billion as well as two new, fully automated U.S. superhub projects in core Southern Californian and Northeastern distribution markets.

As a leading women’s empowerment and innovative science firm, Mary Kay Inc. names six recipients of the 2022 Young Women in STEAM grant program for making great contributions to STEAM fields worldwide – science, technology, engineering, the arts, and mathematics.

Aussie tech company, Tic:Toc, has secured a AUD$24m strategic investment led by existing shareholder IAG Firemark Ventures, as it continues to transform the digital lending category. Tic:Toc’s AUD$24m Series-D2 round is a follow-on to the AUD$30m Series-D round in February 2022, driven by IAG Firemark Ventures to enable Tic:Toc to embed additional products and services, like insurance, into its platform and deliver seamless client journeys. Bendigo and Adelaide Bank invested alongside IAG in both the initial and follow-on Series D.

Endorsing the maturity, growth, and value of Aussie scale-up, Farmbot Monitoring Solutions, Telstra has made a $2 million investment into the firm’s continued growth and expansion. Environmental pressures and soaring input costs are seeing a new investment in digital agritech solutions, with farmers having to adapt to the challenges of changing climate and market conditions. This is the third investment from Telstra and this contribution recognises Farmbot’s proven value proposition to help farmers impactfully manage their resources.

Gorilla, the innovative energy tech scale up, announced that it has secured $9.2 million in its Series A. The investment will enable further development to its platform and help energy companies continue to adapt to the changing energy landscape with greater speed, efficiency and agility. Led by the transatlantic venture capital fund Beringea, with participation from PMV and VLAIO, Gorilla is set to dramatically expand both its team and range of solutions.

Motorists stung by road safety cameras will have the chance to profit from their misdeeds, with Australian artificial intelligence camera technology developer Acusensus announcing plans to take the company public, with a listing on the Australian Stock Exchange (ASX). Acusensus has lodged its underwritten IPO prospectus, seeking to raise $20m through the issue of 5 million shares at $4 per share, which will its indicative market capitalisation on listing to just over $100m. It is anticipated that the stock will start trading on the ASX on Jan 12, 2023. Bell Potter Securities Limited was lead manager and underwriter to the IPO.