CORPORATE VENTURE CAPITAL (CVC) NEWSLETTER CVC in Numbers Key News 12- MAY - 2 0 2 1 CVC Deals Overview Total count of investors CloudWalk obtains $190 million in series B funding (CVC involved: FIS Ventures) • Brazil-based open payment networking platform CloudWalk has received $190 million in a series B funding round, bringing the company's total funds raised to $206 million • The funding was led by Coatue Management with participation from DST Global, FIS Ventures, 282 218 The Hive Brazil and Valor Capital • The obtained fund will largely be used for business expansion in Brazil. The platform has processed payments worth more than $1 billion and has a network of ~70,000 merchants in Largest deal size 3,300 cities accessible to more than 4.6 million consumers 12 MAY 2 0 2 1 Health technology start-up Huma secures $130 million funding (CVC involved: Hitachi $610 million Ventures, Leaps by Bayer, Sony Innovation Fund and Unilever Ventures) • Huma Therapeutics Limited has announced series C venture funding of $130 million, which includes $100 million as equity and $30 million in credit • The funding round was led by Leaps by Bayer and Hitachi Ventures. Other investors that Leading Targets and Investors participated in the round include Samsung Next, Sony Innovation Fund by IGV (one of Sony’s investment funds), Unilever Ventures and HAT Technology & Innovation Fund, Nikesh Arora (the former president of SoftBank and ex-Google exec) and Michael Diekmann (Chairman of Allianz) • Huma uses AI, digital biomarkers and real-time data to monitor patients. It also assists Leading companies Leading investors researchers and pharmaceutical companies in running clinical trials. Huma's digital "hospital-at- home" service has helped reduce hospital readmissions by over a third; and has over 90% patient adherence level. The service supports government's pandemic responses on a not-for-profit basis • The raised fund will be used for the expansion of its digital platform in the US, Asia and the Middle East 11 MAY 2 0 2 1 Resale fashion start-up Vinted bags $303 million in series F venture funding (CVC involved: Burda Principal Investments) • Vinted, an online platform for second-hand clothes, has confirmed funding of $303 million, raising its pre-money valuation to $4.2 billion • The series F funding was led by EQT Growth with participation from Burda Principal Investments, Sprints Capital, Insight Partners, Accel and Lightspeed Venture Partners • The online C2C platform is one of the largest in Europe and has 45 million users. It plans to use the fund for further expansion of its operations in Europe 08 MAY 2 0 2 1 China-based Weilong Delicious Global Holdings receives $549 million funding, raising its valuation to $9.4 billion (CVC involved: Tencent Industry Win-Win Fund) • Weilong Delicious Global Holdings, a manufacturer of snacks, has secured funding of $549 million from multiple investors including Hillhouse Capital Group, CPE Funds Management, Tencent Industry Win-Win Fund, Skycus Capital, Hosen Capital, Yunfeng Capital, Oceanpine Capital and Sequoia Capital China • The raised amount will be invested in six areas – capacity expansion, channel exploration, mergers and acquisitions, brand building, enhancement of R&D skills and for strengthening business intelligence capabilities Geographical Breakdown of CVC Deals by Volume • The company is largely known for producing spicy snacks. It has also filed for IPO on The Stock Exchange of Hong Kong 06 MAY 2 0 2 1 Einride pulls $110 million series B funding (CVC involved: Ericsson Ventures, Maersk Growth) • Sweden-based developer of electric, autonomous trucks Einride has secured a funding of $110 North Europe million, cumulating its total funding to $150 million to date America 48 • The series B financing round was backed by new investors including Temasek, Soros Fund Asia Management LLC, Northzone, Maersk Growth and Build Capital. Existing investors EQT UK 127 19 Ventures, Plum Alley Investments, Norrsken VC, Ericsson Ventures and NordicNinja VC also 91 participated in the funding US Israel China • It will use the additional fund for business expansion in Europe and the US. Its customer 120 6 portfolio includes Oatly, Coca-Cola, Lidl and Electrolux MEA 51 11 03 MAY 2 0 2 1 South America Wealthsimple secures funding of $610 million, raising its valuation to $4 billion (CVC Brazil 5 4 involved: Allianz X) • Canada-based provider of digital financial products Wealthsimple has received series D venture funding of $610 million, tripling its post-valuation from its last funding round in October 2020 to ~$4 billion • The funding round was led by Greylock Partners and Meritech Capital Partners. Other investors that participated in the round include Allianz X, Dragoneer Investment Group, Sagard, Base10 Partners, Redpoint Ventures, STEADFAST Capital Ventures, DST Global, TCV, Plus Capital, Inovia Capital, Ryan Reynolds, Drake, Michael J. Fox, Kelly Olynyk, Dwight Powell, Patrick Marleau, ICONIQ Capital and Alkeon Capital Management. As per the transaction, Meritech’s general Industry-wise breakdown of CVC Deals by Volume partner Max Motschwiller will join Wealthsimple's board of directors • According to company officials, the prime reason for the drastic increase in the company's valuation is significant growth of two of its platforms – Wealthsimple Trade (commission-free Number of CVC Deals retail investment platform) and Wealthsimple Crypto (crypto trading platform) – during the Information Technology 140 COVID-19 pandemic • The company will use the fund for market and team expansion and for strengthening its Software 113 product portfolio 29 APRIL 2 0 2 1 Healthcare 53 Blockchain infrastructure platform Paxos receives $300 million worth series D funding (CVC Pharmaceuticals and involved: PayPal Ventures) 24 Biotechnology • Paxos has attained a series D venture funding worth $300 million, putting the company's pre- money valuation at $2.1 billion Business Products and Services • The deal was led by Oak HC/FT with participation from Declaration Partners, PayPal Ventures, 30 Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap and more (B2B) • The company plans to leverage the fund to boost the growth of its financial market Commercial Services 20 infrastructure platform by hiring resources across all functions, scaling operations, increasing platform capacity and investing in innovation. The added liquidity across the platform will help Consumer Products and enhance customer experience and increase the utilization of its tokens 30 • Moreover, Paxos will continue to invest in the evolution of enterprise-grade infrastructure while Services (B2C) amplifying its commitment to regulation, reliability and security Consumer Non-Durables 9 19 APRIL 2 0 2 1 Adagio Therapeutics attains $336 million funding for advancing COVID-19 drug (CVC Financial Services 19 involved: Bain Capital Life Sciences, GV) Insurance 3 • US-based Adagio Therapeutics, Inc., a biotechnology company, has grabbed $336 million in a series C funding round led by RA Capital Management. With this transaction, the company's pre- money valuation rose to $1.4 billion • The funding round was also backed by GV, Federated Hermes, Adimab, Foresite Capital Energy 7 Management, Omega Funds, OrbiMed, Polaris Partners, Mithril Capital Management, Population Energy Equipment 3 Health Partners, Redmile Group, Fidelity Management & Research, Bain Capital Life Sciences, Prime Industries ArrowMark Partners and Premji Invest Sub Industries • The company plans to leverage the fund for the advancement of its lead drug ADG20, which can be used for the prevention and treatment of COVID-19 (infection from SARS-CoV-2) and potential Materials and Resources 3 future coronaviruses. The company claims that the drug is better than other antibody-based treatments, as it neutralises the number of sarbecoviruses and holds high potency rate Agriculture 1 • Adagio Therapeutics is partnering with third-party contract manufacturers for the production of the drug https://phronesis-partners.com/.