• OTT IPO: Roku shares yesterday closed up a whopping 68% on their first day of trading. Via a quick chat with CFO Steve Louden (no, the photo above is of CEO Anthony Wood):
• Afterlife: Former 500 Startups partners Elizabeth Yin and Eric Bahn are raising up to $50 million for something called Hustle Fund, according to an SEC filing. They're not commenting, but Kia reports that the focus is pre-seed. In a related note, I wasn't really aware that pre-seed was a thing.
• Gender imblance: Research firm Preqin next month will release a gender report on the alternative investment industry, and has sent Axios a preview. Get ready to be depressed:
• Crypto crunch: NYSE Arca has pulled its request to list Grayscale Investments' Bitcoin Investment Trust, although it hopes to refile when regulatory conditions are more conducive. A related S-1 filing with a $1 billion cover price remains on file, and BIT will continue to trade over-the-counter.
• Have a great weekend... Go Pats!
Ikea has acquired TaskRabbit, a San Francisco-based on-demand platform for everyday chores. No financial terms were disclosed, although a source close to the deal puts the price tag south of $75 million (unclear if that's to be paid in cash, stock or modular shelving units). TaskRabbit had raised around $50 million in VC funding, from backers like 500 Startups, Baseline Ventures, Collaborative Fund, Floodgate, Founders Fund, Lightspeed Venture Partners and Shasta Ventures.
🚑 Analytics 4 Life, a Toronto-based AI platform for diagnosing coronary artery disease, has raised C$25 million in Series B funding. No investors were identified. http://axios.link/xmWb
• BuildingConnected, a San Franciscio-based preconstruction platform, has raised $22 million in Series B funding. Lightspeed Venture Partners led the round, and was joined by return backers Crosslink Capital, Homebrew, Freestyle, Bee Partners and Brick & Mortar. http://axios.link/QQ6m
🚑 EchoNous (d.b.a. Signostics), a Palo Alto, Calif.-based maker of an ultrasound tool for bladder and kidney care, has raised $35 million in new funding from KKR. http://axios.link/mcjw
🚑 Magenta Medical, an Israeli medical device startup focused on transcatheter heart failure therapy, has raised $15 million in Series B funding from Abiomed, Pitango Venture Capital and Jafco. http://axios.link/KCtd
🚑 LNC Therapeutics, a French developer of gut microbiota-directed drugs for the treatment of obesity, has raised €6.5 million in Series C funding led by Seventure Partners. http://axios.link/MENx
• Yunwen Technology, a Chinese developer of customer service robots, has raised $4.5 million in Series A funding. Green Pine Capital Partners led the round, and was joined by Landray.
• Alpine Investors has invested in Bill4Time, a Bellevue, Wash.-based provider of cloud time and billing software for professional services firms. No financial terms were disclosed. www.bill4time.com
• Campus Labs, a Buffalo, N.Y.-based portfolio company of Leeds Equity Partners, has acquired CoursEval, a provider of online course evaluation software for higher education institutions. No financial terms were disclosed. www.campuslabs.com
• GI Partners has acquired stake in Access, a Livermore, Calif.-based records and information management services provider, from Berkshire Partners (which now will be an equal shareholder to GI). http://axios.link/7mAL
• Hammond, Kennedy, Whitney & Co. has acquired Protect Plus Air Holdings, a Hickory, N.C.-based manufacturer and distributor of retail air filters and related products for home HVAC systems. No financial terms were disclosed. www.protectplusair.com
🚑 MeriCal, an Orange, Calif.-based nutritional supplements maker owned by Linden Capital Partners, has agreed to acquire Global Health Industries, an Ogden, Utah-based probiotic contract manufacturer. No financial terms were disclosed. www.merical.com
• Siigo, a Bogota-based provider of accounting and administrative software for SMEs in Colombia, has raised an undisclosed amount of funding from Accel-KKR. www.siigo.com
• Rovio, the Finnish maker of mobile games like Angry Birds, priced its IPO at 11.50 per share (top of its range), which valued the company at around $1.1 billion. Shareholders include Accel Partners and Atomico. It is now trading on the Nasdaq Nordic exchange. http://tcrn.ch/2ywMARW
• PQ Group Holdings, a Pennsylvania producer of silica-based inorganic chemicals that is owned by CCMP Capital Advisors, raised $508 million in its IPO. The company priced 29 million shares at $17.50 (below $21-$23 range), and will trade on the NYSE under ticker symbol PQG. Morgan Stanley was listed as left lead underwriter. It reports a $2.3 million net loss on $333 million in revenue for the first quarter of 2017. www.pqcorp.com
• Lion Capital has hired Credit Suisse to find a buyer for Dutch homeware retailer Hema, which has more than 700 stores in seven countries. Hema's first half EBITDA was €42 million. https://bloom.bg/2ftZLLE
• Vision Capital has hired Rothschild to find a buyer for British rent-to-own retailer Brighthouse, which has £220 million of debt coming due next year, according to The Telegraph. http://axios.link/sDH5
• Bayer AG (DB: BAYN) has sold a 6.9% stake in German plastics business Covestro (DB: 1COV) for €1 billion, just weeks after a €1.2 billion sale. Its stake is now below 25%. http://reut.rs/2yxAd7R
• Clubessential, a Blue Ash, Ohio-based provider of membership and club management solutions to the private club industry, has acquired PrestoSport, a Rockville, Md.-based provider of SaaS solutions for building athletics-related websites. No financial terms were disclosed. Clubessential backers include Battery Ventures. www.prestosports.com
• Happigo Home Shopping Co., a China-listed television shopping platform, has acquired Mango TV, a Chinese online video platform, for around $1.4 billion. This is below the $2 billion post-money valuation Mango TV reportedly received in a mid-2016 Series B round from unidentified backers. http://axios.link/aRVd
• M Group Services has acquired Magdalene, a British telecom infrastructure services provider. No financial terms were disclosed. www.mgroupservices.com
🚑 Novartis (Swiss: NOVN) is considering a takeover bid for Advanced Accelerator Applications (Nasdaq: AAAP), a French radiopharmaceutical company valued at nearly $2.9 billion, according to Bloomberg. https://bloom.bg/2k3JuCh
• Leerink Transformation Partners, a growth equity firm focused on healthcare IT and services, has raised its debut fund with $313 million in capital commitments. www.LTPequity.com
• MidOcean Partners has held a $692 million first close on its fifth flagship private equity fund, per an SEC filing. A source says that the book target is $750 million with a $1 billion hard cap.
• Piper Jaffray Merchant Banking is raising up to $150 million for its second fund, per an SEC filing. www.piperjaffray.com/merchantbanking