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Check out the most important mergers, acquisitions and investments from Atlanta technology companies from May 2020. Did we miss a deal? Let me know at mhogan@americaninno.com.
Xalles Holdings Inc., a fintech holding company, acquired Intel365, Inc., a Cumming-based innovative background screening services company. According to a news release, Xalles Technolgoy Inc., a wholly-owned subsidiary of Xalles Holdings Inc., will acquire all the common shares of Intel365. Crispin Cruz, the founder and president of Intel365, will continue in his management role as company president for the new subsidiary.
RWDC Industries, a biodegradable plastics startup based in Athens and Singapore, raised $133M in a two-stage Series B round. The investment was co-led by Vickers Venture Partners, Flint Hills Resources, CPV/CAP Pensionskasse Coop and International SA. Existing investors Eversource Retirement Plan Master Trust and WI Harper Group also participated in the round. The company will use the funding to meet the demand for PHAs — biodegradable polyester fibers. RWDC announced plans to expand its production capacity with a new facility in Athens, according to a news release.
Illuminarium Experiences, an Atlanta-based “experimental entertainment company” is moving forward with the development of a $2M virtual reality venue on the BeltLine. The company, which discreetly raised $14.2M of a $25.4M round in November, recently filed a permit application with the City of Atlanta to build a 25K-sq.-ft. immersive entertainment venue at 820 Ralph McGill Blvd. in Poncey-Highland. According to What Now Atlanta, the venue is one of several planned worldwide. In December, the Atlanta Business Chronicle reported initial news about the venue, “Illuminarium,” that would use a 360-degree digital projection and sound experience to immerse audiences. The project is planned for the Common Ground development along with Two Urban Licks, New Realm Brewery and Bazati Hall.
Agilysys, Inc., an Alpharetta-based provider of hospitality software solutions and services, received a $35M investment from MAK Capital One, LLC, an investment management firm that has been a significant shareholder of the company since 2007. The funding will primarily be used for product and customer service focus, according to a news release.
Featurespace, an Atlanta and U.K.-based fraud protection and risk management startup, raised a $37.4M round led by Merian Chrysalis Investment Company Limited. According to a news release, the funding will be used to support Featurespace’s growth as it continues to launch in foreign markets, such as the recent release of its anti-fraud and risk management platform into the Singapore market.
Vennfi, an Atlanta-based fintech technology company for tax-exempt payments, closed a pre-seed funding round of $1.1M. According to a news release, the company “will use the investment to expand the platform’s capabilities and increase its growth.” The company designed Charityvest, a platform that lets companies and individuals donate tax-deductible offerings to charities, free of charge.
Apptega, Inc., an Atlanta-based cloud computing firm that helps companies build, manage and report on their cybersecurity programs, raised more than $153K of a $750K round, according to a filing with the SEC. In 2018, the startup raised $575K of equity funding.
PadSplit, an Atlanta-based affordable housing tech startup, raised $5.7M of a $10M round, according to a filing with the SEC. The company declined to comment on the funding. To date, the startup has raised about $10.3M in total equity. Check out our story on their last funding in 2019.
Point Broadband, a West Point, Ga.-based internet service provider, raised $26.5M of a $35M round, according to a filing with the SEC. The company has previously raised about $16.3M, according to Crunchbase.
Activ Technologies, Inc., an Alpharetta-based digital supply chain platform, raised about $350K of a $1M round, according to a filing with the SEC. Crunchbase data shows the startup has raised $7.3M prior to this round.
Oncology Analytics, an Atlanta-based data-driven utilization management company with a focus on oncology, raised $28M in a Series C round led by Baird Capital. Existing investors Oak HC/FT, McKesson Ventures and The Blue Venture Fund joined the round. The funding will primarily be used to expand the company’s oncology capabilities, grow analytics solutions and increase the market share of its solution. In addition to the funding, Michael Liang, partner at Baird Capital, has joined Oncology Analytics’ board of directors.
Sonar, an Atlanta-based change management platform that brings DevOps tools to operations teams, raised $1.6M in funding led by Parade Ventures, with participation from Craft Ventures, Slack Fund, the VC fund for business communication platform Slack, and Marketwake Ventures.
FullStory, an Atlanta-based customer experience software company, closed $10M in funding, according to a filing with the SEC. Not much else is known about the sale, recorded on May 11, other than five investors were involved in the round. The raise is smaller than the Series C the company raised in April 2019 — a $32M round led by Stripes and Dell Technologies Capital. The new investment brings the company’s total funding to $67M.
GROUNDFLOOR, an Atlanta-based investment and lending platform for real estate loans, is raising a $10M round through crowdfunding platform SeedInvest. As of 1:30 p.m. May 29, the startup had raised more than $637K of the $10M round in its first week of opening the investment. The new funding would bring GROUNDFLOOR’s total raise to about $28.3M. CEO and co-founder Brian Dally said the funding will be used for expanding product categories and customer acquisition.
