Latest marketplace deals:
Selected this week:
🇩🇪 Berlin-based Zolar has secured €100M in a round led by Energy Impact Partners and GIC. Developer of a solar system discovery platform designed to help homeowners become energy independent. The company's platform offers solar and battery storage systems including installation for residential houses, enabling homeowners to produce their own green electricity.
🇺🇸 B2B workspace company, Industrious Office, received $100M in funding to support its global expansion. The funding round was led by UK firm CBRE. These funds add to the $230M CBRE invested in Industrious in early 2021, which represented a 40% stake in the company. At the time, Industrious also took ownership of CBRE’s own flexible workspace platform, Hana, which had 10 locations.
Other promising marketplace deals:
🇸🇬 Singapore-based private market exchange, ADDX, raised $58M in pre-Series B funding. The funds will allow ADDX to scale its operations as the company entrenches its position as Asia’s largest private market exchange.
🇩🇪 Finn, a Munich, Germany-based car subscription platform, raised $110M in equity and $720M in debt financing. The company intends to use the funds to advance its core technology, accelerate hiring across its global teams, and expand in the U.S. and Europe.
🇺🇸 Masterschool, a NYC-based B2C education provider, raised $100M seed round for its network of coding schools. The round was led by Group 11, with participation from Target Global, Pitango Ventures, Dynamic Loop Capital, Sir Ronald Cohen and a number of additional strategic investors.
Explore 74 funding rounds of the last week.
Notable exits:
🇸🇬 MatchMove, a Singapore-based fintech startup, has acquired local ecommerce enabler Shopmatic in a $200M deal. After the acquisition, Shopmatic’s merchants will be able to accept payments through MatchMove’s service.
🇫🇷🇸🇪 L’Oréal Paris is finalizing a €1.0B acquisition of Byredo perfumes from British investment fund Manzanita Capital.
Read up on 16 exits of the last week.
