Happy Friday — hope everyone's looking forward to the weekend! I sure am because HBO's excellent show "Succession," about a fictitious (but not really) media empire and the family that runs it, comes back for a second season on Sunday.
Alright, let's do this...
Illustration: Lazaro Gamio/Axios
A tale of two ride-hailing companies...
Yesterday, Uber posted its Q2 earnings and investors were not happy: Its stock price took an immediate 12% dip in after-hours trading.
• SEC updates: The Securities and Exchange Commission yesterday proposed some changes to disclosure rules for public companies in S and K filings. Chairman Jay Clayton has been an advocate for modernizing the listing process and subsequent requirements.
• IPO watch: Saudi Aramco is reportedly ramping up its plans to go public as soon as early next year, according to the WSJ. It would likely be the biggest listing in history.
🎧Podcast: Corporate America has an opportunity to make meaningful changes to the firearms industry while Congress dithers. But, so far, businesses are staying on the sidelines. Dan chats with Axios's Erica Pandey about Walmart's gun policies. Listen here.
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Broadcom officially announced it will acquire Symantec's enterprise security business for $10.7 billion in cash. It recently ended talks to acquire Symantec in its entirety.
• Viva Republica, a South Korea-based parent company of mobile financial service platform Toss, has raised $64 million in new funding at a valuation of $2.2 billion led by Aspex Management. http://axios.link/AFAa
• ScaleFactor, an Austin, Texas-based maker of online financial software for SMBs, has raised $60 million in Series C funding led by Coatue led the round, with Vulcan, Stripes Group, NextPlay Capital, Bessemer Venture Partners, Canaan, Broadhaven Ventures, and Firebrand Ventures also participating. http://axios.link/9ckC
• Securiti.ai, a San Jose, Calif.-based maker of tools to automate cybersecurity and compliance processes, has raised $31 million in new funding led by Mayfield, with General Catalyst also participating. http://axios.link/Xb6m
• Lendingkart, an India-based lender for small businesses, has raised $30 million as part of its Series D financing round from Fullerton Financial Holdings, Bertelsmann India Investments, and India Quotient. www.lendingkart.com
⛽️ Sunverge, a San Francisco-based maker of energy management systems for utilities, has raised $11 million in funding led by Ecosystem Integrity Fund, with Equinor Energy Ventures and Evergy Ventures also participating. www.sunverge.com
• Opsani, a Redwood City, Calif.–based maker of tools for the continuous optimization of cloud applications, has raised $10 million in Series A funding led by Redpoint Ventures, with Zetta Ventures and Bain Capital also participating. www.opsani.com
• Ramp Financial, a New York-based company that offers credit to other startups, has raised $7 million from Founders Fund, BoxGroup and Coatue Management, according to TechCrunch. http://axios.link/LnlA
• Curbio, a Potomac, Md.-based real estate technology startup, has raised $7 million in Series A funding co-led by Camber Creek and Brick & Mortar. www.curbio.com
• Capsule8, a New York-based startup that offers cybersecurity protection for Linux production environments, has raised raised an estimated $6.5 million in funding from Intel Capital, according to VentureBeat. http://axios.link/fHSn
• Statespace, a New York-based company that helps assess and train esports athletes, has raised $2.5 million in seed funding led by FirstMark Capital, with Expa, Lux Capital and WndrCo also participating. http://axios.link/bCg3
• Voxel51, an Ann Arbor, Mi.-based startup making video analysis tools, has raised $2 million in seed funding from eLab Ventures. http://axios.link/FcZD
• Glow, a Seattle-based company that provides tools to podcasters, has raised $2.3 million in seed funding led by Greycroft, with Norwest Venture Partners, PSL Ventures, WndrCo and Revolution’s Rise of the Rest Seed Fund also participating. http://axios.link/dwdE
• Beynd, a Draper, Utah-based startup making software for customer onboarding, has raised $2 million in seed funding led by Peak Ventures, with Prelude Ventures also participating. http://axios.link/I1B7
• Henley Investments has acquired five Water Works carwash locations in the Greenboro, N.C. area. www.waterworkscarwashes.com
🚑 CapStreet Group LLC has recapitalized Surgical Notes, a Dallas-based company that provides software for ambulatory surgical centers. www.surgicalnotes.com
🚑 DW Healthcare Partners has acquired CEFALY Technology SPRL, a Belgium-based maker of devices for preventing and treating migraines. www.cefalytechnology.com
🚑 Care Advantage, backed by BelHealth Investment Partners, has acquired Allegiance Home Care, a Virginia-based provider of in-home personal care services. www.allegianceva.com
• 9F, a Chinese online consumer lending platform in China, plans to raise $76 million by offering 8.9 million ADSs (24% insider) at a price range of $7.50 to $9.50. At the midpoint of the proposed range, 9F would command a fully diluted market value of $1.7 billion. It plans to list on the NYSE under the symbol JFG. Credit Suisse, Haitong International, CITIC CLSA, China Investment Securities International, and 9F Primasia Securities are the joint bookrunners on the deal. www.9fgroup.com
• Thunder Bridge Acquisition II, a blank check company led by Gary Simanson targeting the fintech industry, raised $300 million by offering 30 million units at $10. Each unit consists of one ordinary share and one-half of one warrant exercisable at $11.50 per share. It plans to list on the Nasdaq under the symbol THBRU. Morgan Stanley and Cantor Fitzgerald acted as joint bookrunners on the deal. http://axios.link/TL4t
🚑 BioVie, a Los Angeles-based early stage biotech developing therapies for cirrhosis, revised terms for its upcoming IPO on Thursday. It now plans to raise $15 million by offering 1.3 million shares at a price of $11.44, the as-converted last close of its shares on the OTC. It has issued additional shares, causing its fully diluted market value to increase to $77 million. It previously would have commanded a fully diluted market value of $63 million. The company plans to list on the Nasdaq under the symbol BIVI. ThinkEquity is the sole bookrunner on the deal. It is expected to price during the week of August 12, 2019. www.biovieinc.com
• Thoma Bravo has agreed to sell iPipeline, an Exton, Penn.-based provider of cloud-based software for insurance and financial services, to Roper Technologies for $1.625 billion. www.ipipeline.com
• Assured Guaranty US Holdings has agreed to acquire BlueMountain Capital Management, a New York-based alternative assets management firm, for about $160 million. www.bluemountaincapital.com
• A. Capital Partners, founded by Ronny Conway, is targeting $140 million for its third fund, according to an SEC filing.
• Katherine Wu has joined Notation Capital as a principal. Previously she ran business development at Messari. www.notation.vc
• Neil Constable has joined CircleUp as its first chief investment officer. He was previously at Grantham, Mayo, Van Otterloo & Co where he was head of global equity and quantitative research. www.circleup.com