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By Taylor Pierce - Monday, July 29
The Recap
The best information on capital raises and financing activity in under 5 minutes:
Sony Group Corporation (NYSE: SONY) via Sony Music Group Raises $700 Million Led By Apallo
Unite Group (LON: UTG) Raises $580 Million For New Investments
Serve Robotics (NASDAQ: SERV) Announces Closing of $15 Million Private Placement
Apollo Leads $700,000,000 “capital solution” for Sony Music Group. According to Apollo, the capital will be used for Sony to pursue additional investments in the music industry. “We are pleased to provide a bespoke capital solution to an affiliate of one of the world’s leading companies. This investment allows our clients to invest in high grade securities while helping Sony to execute its business plans,” said Apollo Partner Jamshid Ehsani.
The Unite Group PLC raises $580,000,000 through a share placement backed by diverse investors and directors, setting the stage for a new acquisition spree. The Company is a United Kingdom-based owner, manager, and developer of purpose-built student accommodation (PBSA) serving the country's higher education sector. The Company provides homes to approximately 70,000 students across 152 properties in 23 university towns and cities. It partners with over 60 universities across the United Kingdom.
Serve Robotics announced the closing of its $15,000,000 private placement completed by a single institutional investor. Backed by Uber and NVIDIA, Serve Robotics Inc. develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets.
Weekly Money Moves
Company | Money Raised ($USD) | Sector |
Sony Music Group | $700,000,000 | Consumer Electronics |
QXO | $620,000,000 | Technology |
Allegro Microsystems | $600,000,000 | Manufacturing |
Unite Students | $579,878,973 | Education |
Archrock | $223,000,000 | Service Industry |
ProMIS Neurosciences | $122,700,000 | Biotechnology |
SFL Corporation | $100,000,000 | Shipping |
Kobayashi Pharmaceutical | $56,226,405 | Pharmaceutical |
Verastem Oncology | $55,000,000 | Biotechnology |
ChoiceOne Bank | $34,500,000 | Banking |
Gabelli Multimedia Trust | $24,000,000 | |
Serve Robotics | $15,000,000 | Robotics |
Global Atomic Corporation | $14,531,135 | Mining |
Windtree Therapeutics | $12,900,000 | Biotechnology |
CEL-SCI | $10,845,000 | Biotechnology |
Azitra | $10,000,000 | Biotechnology |
Chemomab | $10,000,000 | Biotechnology |
Rani Therapeutics | $10,000,000 | Biotechnology |
Correlate | $8,000,000 | Energy |
Medical Developments International Ltd. | $6,552,148 | Health Care |
OneMedNet | $4,600,000 | Health Care |
Abcourt Mines | $4,500,000 | Mining |
Mobix Labs | $4,000,000 | Manufacturing |
NovaBay Pharmaceuticals | $3,500,000 | Biotechnology |
Nova Minerals | $3,251,886 | Mining |
Transcode Therapeutics | $3,000,000 | Biotechnology |
VCI Global | $3,000,000 | Consulting |
Aztec Minerals | $1,889,048 | Mining |
Southern Silver Exploration | $1,519,939 | Mining |
Cheetah Net Supply Chain Service | $1,490,000 | Logistics |
Nature’s Miracle | $1,200,000 | Agriculture |
Motorsport Games | $1,000,000 | Video Games |
Sony Music Group | $700,000,000 | |
QXO | $620,000,000 | |
Allegro Microsystems | $600,000,000 | |
Unite Students | $579,878,973 |
Lead Investors
Sony Music Group: $700,000,000 | Consumer Electronics | Lead Investor: Apollo
Abcourt Mines: $4,500,000 | Mining | Lead Investor: Mahmood Mosaddeghi
Kobayashi Pharmaceutical: $56,226,405 | Pharmaceutical | Lead Investor: Oasis Management
QXO: $620,000,000 | Technology | Lead Investor: Affinity Partners
Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]
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