Australia: iCandy portfolio acquisition; Parkd IPO; Car Next Door Series B

KWAP sells Sydney building for $264m
The entrance to the Australian Securities Exchange (ASX).

ASX-listed iCandy has acquired the games portfolio of Animoca while Parkd has raised funding through an IPO on the ASX. In a venture investment, Car Next Door has closed a Series B round.

iCandy acquires games portfolio from Animoca

ASX-listed mobile games & entertainment group iCandy Interactive (ICI) is to acquire a portfolio of 318 casual games from ASX-listed Animoca Brands Limited for a purchase consideration of A$5 million, in a combination of cash and shares.

iCandy will fund the acquisition from internal resources and operational cash flow.

This acquisition is expected to add more than 325 million games across the iOS and Android platforms. It claims to have a portfolio of about 23 million gamers.

The deal will  see the gamer community base grow to an estimated 348 million internationally.

Parkd raises $4.55m in ASX IPO

Perth-based construction technology startup Parkd has raised A$6 million ($4.55 million) via an initial public offering (IPO) following its inception in October 2016 by founding directors McGregor Thom, David Thomas, and Peter McUtchen.

It completed an A$720,000 seed round in December 2016.

It expects to list on the ASX by 11 December. The firm provides a modular construction offering for car parks that permits it to pre-build and easily construct and adapt car park structures.

Car Next Door raises $1.74m Series B round

Car-sharing startup Car Next Door has raised A$2.3 million ($1.74 million) in a Series B round from existing investors that include Caltex and Investible.

It also plans to complement this with an equity crowdfunding exercise through Equitise with a target of A$1.5 million and a minimum target of A$500,000.

Founded in 2012, it permits users to lease out their cars to other customers and has previously raised A$2.5 million from Caltex Australia. Most of the investment proceeds will be used for growth with the venture currently counting a user base of 50,000 people, which it aims to grow to 700,000 users.

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