Nearly 9% of decision-makers at U.S. venture capital firms are women, according to a new Axios analysis.
• Trade wars: Gary Cohn is out as President Trump's top economic advisor, which also means there won't be a White House meeting tomorrow among CEOs who fear their companies will be hurt by the proposed steel and aluminum tariffs.
• Hold your fire: Remington has delayed its bankruptcy filing for at least a week, and also said that Ankura Trust has replaced BofA Merrill Lynch as the restructuring's term loan agent.
• Chip chat: Broadcom this morning fought back against charges that its prospective purchase of Qualcomm would cause the later to lose its 5G leadership position, thus creating a national security risk.
• Last picture show: Maria Contreras-Sweet and Ron Burkle last night bailed on their $500 million deal for Weinstein Co., after claiming to have discovered new liabilities. The Weinstein board insists that it had been transparent about its "dire financial condition."
• Come correct: On Monday I claimed that the SEC had not penalized a private equity firm since Jay Clayton took over, which neglected a $13 million fine against TPG in late December for misleading investors. Also: Yesterday's issue incorrectly stated that the new HQ round was at a $100 million pre-money valuation, when it was a $100 million post-money. Apologies on both counts.
S&P Global has agreed to acquire Kensho, a Cambridge, Mass.-based provider of AI-powered analytics for traders, for around $550 million in cash and stock.
• Magic Leap, a Plantation, Fla.-based mixed-reality company, has raised $461 million in new Series D funding, including $400 million from Saudi Arabia's Public Investment Fund. The round total is now $963 million.
• 17zuoye.com, a Beijing-based online education platform, reportedly has raised $200 million in Series E funding led by Toutiao.
• Nubank, a Brazilian digital credit card upstart, has raised $150 million in sixth-round funding. Existing shareholder DST led, and was joined by Dragoneer Investment Group, Thrive Capital and return backers Founders Fund, Redpoint Ventures, Ribbit Capital and QED. http://axios.link/OOKE
• Ecobee, a Toronto-based maker of smart home technologies, has raised US$61 million in Series C funding. Energy Impact Partners led, and was joined by Thomvest, Relay Ventures and the Amazon Alexa Fund. www.ecobee.com
• Atomwise, a San Francisco-based startup that uses AI to discover new medicines and agricultural compounds, has raised $45 million in new funding. Monsanto Growth Vetures, Data Collective and B Capital Group co-led, and were joined by Baidu Ventures, Tencent, Dolby Family Ventures and return backers YC, Khosla Ventures and DFJ. www.atomwise.com
• Qualia, a San Francisco-based real estate tech startup aimed at streamlining the home closing process, has raised $33 million in Series B funding. Menlo Ventures led, and was joined by from 8VC, Bienville Capital and Barry Sternlicht. www.qualia.com
🚑 Medial EarlySign, an Israeli developer of AI-based patient management software, has raised $30 million in Series B funding. aMoon Fund led, and was joined by Horizons Ventures. http://axios.link/hQHT
• Upskill, a Tysons Corner, Va.-based enterprise AR startup, has raised $17.2 million in new funding. Accenture and Cisco Investments were joined by return backers Boeing, GE Ventures and NEA. http://axios.link/477p
• True Botanicals, a Mill Valley, Calif.-based luxury skincare startup, has raised $8.5 million in Series A funding. Sonoma Brands led, and was joined by Unilever Ventures and Cue Ball Capital. http://axios.link/TKOX
• Snyk, a London-based cybersecurity startup focused on vulnerabilities in open source libraries,, has raised $7 million in Series A funding. Boldstart Ventures and Canaan Partners co-led, and were joined by FundFire and HeavyBit. http://axios.link/80Lp
• Camera IQ, a Santa Monica, Calif.-based “camera experience manager,” has raised $4.3 million in seed funding. Shasta Ventures led, and was joined by Betaworks, Homebrew and WndrCo. www.cameraiq.co
• Corvus Insurance, a Boston-based commercial insure-tech startup initially focusing on the cargo market, has raised $4 million in funding led by Bain Capital Ventures. http://axios.link/zXsl
• Blockdaemon, a New York-based blockchain nodes deployment service, has raised $3.3 million in seed funding led by Comcast Ventures. www.blockdaemon.com
• ELSA, a San Francisco-based developer of a language-learning app, has raised $3.2 million in seed funding led by Monk’s Hill Ventures. http://axios.link/UReU
• Automox, a Boulder, Colo.-based developer of a “patching system of record,” has raised $2 million in funding led by Blue Note Ventures. www.automox.com
⛽ Ace Gathering, a Katy, Texas-based portfolio company of Rock Hill Capital, has acquired Recoil Energy Systems, an Abilene, Texas-based provider of crude oil reclamation services. www.acegathering.com
⛽ The CapStreet Group has sold its stake in Gulf Stream Marine, a Houston-based cargo handling company, to Logistec Corp. (TSX: LGT) for $65.7 million. http://axios.link/7aAS
• Flexpoint Ford has backed a management-led buyout of Dash Financial Technologies, a Chicago-based advanced multi-asset trading technology and execution services platform, from GTCR. www.dashfinancial.com
• Satori Capital has acquired a majority stake in Zorch International, a Chicago-based branded merchandise distributor. www.zorch.com
• Temasek and GIC are in talks to buy D.ream Group, operator of high-end restaurants like Nusr-Et steakhouse (known for that Salt Bae video) for upwards of $1.5 billion, per the FT. http://axios.link/2DTX
• TPG Capital is seeking a buyer for its 43% control stake in BFI Finance, an Indonesian consumer finance company, per Bloomberg. First-round bidders include Baring Private Equity Asia, Warburg Pincus, Cathay Financial (Taiwan) and Shinhan Financial Group (S Korea). http://axios.link/ReAB
🚑 UnitedHealth Group (NYSE: UNH) is the latest bidder for the ambulatory services unit of Envision Health (NYSE: EVHC), per Bloomberg. Other suitors include The Carlyle Group and a consortium comprised of Clayton Dubilier & Rice, Onex Corp. and Hellman & Friedman. http://axios.link/XVCl
• Wild Sports, a Chicago-based maker of branded tailgating and outdoor games, has acquired KanJam, a maker of backyard and beach games. Wild Sports backers include Expedition Capital Partners, Centerfield Capital Partners and Cardinal Equity Partners. www.wildsports.com
• Wynnchurch Capital has acquired Heartland Automotive Services, an Irving, Texas-based operator of 523 Jiffy Lube service centers. The company will be merged with existing Wynnchurch portfolio company Mid Atlantic Lubes, with the combined entity renamed Team Car Care. www.heartland.jiffylube.com
• Univision has withdrawn registration for an IPO that was originally filed in 2015. Shareholders in the Spanish-language broadcaster include Madison Dearborn, Thomas H. Lee Partners, Haim Saban, Providence Equity Partners and TPG.
• Vrio, a Dallas-based digital entertainment services in South America owned by AT&T, has filed for a $100 million IPO. It plans to trade on the NYSE under ticker VRIO, with Goldman Sachs listed as lead underwriter. It reports $48 million of net income on over $5.5 billion in revenue for 2017.
🚑 Inovalon (Nasdaq: INOV) has agreed to acquire Ability Network, a Minneapolis-based provider of healthcare management and administration SaaS, from Summit Partners for $1.2 billion in cash and restricted stock. http://axios.link/cfLf
• Penske Media has acquired SheKnows Media, a network of female-focused websites and conferences whose backers had included Great Hill Partners and Comcast Ventures. http://axios.link/CPxI
• SK Telecom has submitted a non-binding bid to acquire ADT Caps, a South Korean security systems maker currently owned by The Carlyle Group, per local news reports. The deal could be valued at around $2.8 billion. http://axios.link/IKAX
• Bayer said that it is in exclusive talks to sell its vegetable seed business to BASF, in order to help smooth its regulatory path to buying Monsanto. http://axios.link/ssVe
• The Chicago Stock Exchange said it is seeking new buyers, after the SEC blocked a planned $25 million sale to a group of China-based investors. http://axios.link/ec1h
• Ventech, a Paris-based VC firm, has held a €140 million first close on its fifth flagship fund, which is targeting a total of €200 million. http://axios.link/swHm
• Kristine Koren has joined Mayer Brown as a partner. The fund formation attorney previously was with Skadden Arps. www.mayerbrown.com
• James Maloney, former VP of public affairs for the American Investment Council, has joined Edelman as a VP of financial comms and capital markets.
• Sorenson Capital has promoted Bert Roberts to managing director, with a continuing focus on biz dev and investor relations. www.sorensoncapital.com
• StepStone Group has promoted six to partner: Ian Aaker (PE), Rebecca Ajavananda (IR/marketing), Kate Budiselik (infrastructure/real assets), Tracy Harris (PE), Jay Morgan (real estate) and John Walters (real estate). www.stepstoneglobal.com