Top 5 Venture Deals of February.

Even though February is a short month, we still saw some big rounds. Let’s look at the most interesting ones.

Dreamscape, $850M.

The sector Is real estate.
Dreamscape, a real estate development and investment company, completed an $850 million capital raising. It is unclear what was debt and what was equity capital. What is known is that Wells Fargo led the debt syndicate and Raymond James led the private equity offering. The company will use the proceeds to create two new platforms, Dreamscape Entertainment Properties and Dreamscape Entertainment Integrated Resorts, both related to gaming, hospitality and entertainment.

ZEEKR Intelligent Technology, $750M.

Sector – Electric Vehicles.
ZEEKR is a premium electric vehicle brand from Geely Holding Group. ZEEKR aims to create a fully integrated user ecosystem with innovation as the standard. The brand uses a sustainability architecture (SEA) and includes proprietary battery technology, battery management systems, electric motor technology and an electric vehicle supply chain.On February 13, 2023, it entered into a $750 million investment agreement with leading industry partners, including Prof. Amnon Shashua, Contemporary Amperex Technology Ltd (CATL), Yuexiu Industrial Foundation, Tongshang Foundation and Xin’an Smart Manufacturing Foundation, whose proceeds will go towards the continued technological research and global expansion of the ZEEKR brand. ZEEKR is currently valued at $13 billion.

SandboxAQ, $500M.

Artificial Intelligence.
Nearly a year after becoming independent from tech giant Alphabet, SandboxAQ, an artificial intelligence and quantum computing company, has raised a $500 million round.
SandboxAQ is studying the interconnected effects of artificial intelligence and quantum computing — to develop commercial products for telecommunications, financial services, health care, security and other computing industries.
According to a Reuters report, SandboxAQ has already signed contracts with more than 15 corporate and government clients.

Spreetail, $208M.

Sector: Retail.
Spreetail serves more than 500 brands, helping them drive their e-commerce sales – with analytics, insight and logistics – to major platforms like Amazon, Walmart.com and other sites.Spreetail closed a $208 million funding round last week, with McCarthy Capital, internal management and other investors as the main investors.

Deepwatch, $180M.

Sector: Cybersecurity.
Deepwatch, a managed attack detection and response company, raised $180 million in “equity investments and strategic funding.” The funding came from several investors, including Vista Credit Partners, “Vista Equity Partners’ credit and investment strategy that offers flexible, customized debt and structured equity financing,” according to the company’s website. However, the company declined to offer a breakdown of the round into equity and debt/credit investments. The Tampa, Florida-based startup reported 100 percent sales growth in 2022 when it announced the financing.

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We have summarized the results of the past month and hope you found the information helpful. Stay tuned for more information.