"Funding secured" may become the two costliest words ever tweeted.
• Sidewalk wars: VC backers of unicorn e-scooter companies like Bird and Lime aren't too worried about regulatory crackdowns in cities like San Francisco, Kia reports.
• Newsstand: Yesterday we noted that motivation guru Tony Robbins is reportedly part of a buyer group for magazine titles Fortune, Money and Sports Illustrated. A few readers pointed out that Robbins is tight with Salesforce CEO Marc Benioff, who just agreed to buy Time for $190 million. In fact, Fortune detailed their relationship in 2014.
• Tech protectionism arrives in Europe, according to Reuters:
The German government is taking steps to counter a surge in Chinese bids for stakes in German technology companies, including the creation of a billion-euro fund that could rescue such firms in financial trouble.
• Even bedfellows: Bain Capital is working with Elliott Management on a joint takeover offer for health-tech company AthenaHealth, which has pushed back its bid deadline by a few weeks, per Bloomberg.
Zekelman Industries, a Chicago-based maker of steels pipes and tubes, canceled an IPO that had been set to raise upwards of $793 million.
• WayRay, a Zurich-based developer of holographic AR hardware, raised $80 million in Series C funding. Porsche led, and was joined by Hyundai and return backers like Alibaba and China Merchants Capital. http://axios.link/OLLf
• Livspace, an Indian e-commerce company in the home interiors and renovation sector, raised $70 million in Series C funding. TPG and Goldman Sachs co-led, and were joined by return backers Jungle Ventures, Bessemer Venture Partners and Helion Ventures. http://axios.link/fDve
• Bread, a New York-based provider of customized financing solutions for brands, raised $60 million. Kinnevik led, and was joined by return backers Bessemer Venture Partners, Menlo Ventures, RRE Ventures, Colle Capital Partners, and Cue Ball. www.getbread.com
🚑 Ooda Health, a San Francisco-based healthcare payments startup that pledges to cut administrative waste, raised $40.5 million in new funding co-led by Oak HC/FT and DFJ. http://axios.link/ybUX
🚑 Immune-Onc, a Palo Alto, Calif.-based cancer immunotherapy company, raised $33 million in Series B funding from Northern Light VC, Vivo Capital and the Stanford-StartX Fund. www.immune-onc.com
• Singular, a San Francisco-based unified marketing data intelligence platform, raised $30 million in Series B funding. Norwest Venture Partners led, and was joined by General Catalyst, Method Capital, Telstra Ventures, Translink Capital and Thomvest. http://axios.link/04RN
• Scratch, a San Francisco-based loan serving platform, raised $17 million. Index Ventures led, and was joined by Ribbit Capital, Founders Fund, Nyca Partners and CFSI JPMorgan Chase. www.scratch.fi
• YouDo.com, a Russian online platform for finding home repair professionals, raised $17 million led by Russian telecom company PJSC MTS.
• Illumix, a Menlo Park-based mobile AR gaming studio, raised $8.6 million in seed funding. Maveron and Lightspeed Venture Partners co-led, and were joined by Radar Partners, Unusual Ventures and 451 Media. http://axios.link/S8bo
• Allplants, a British deliverer of plant-based meals, raised £7.5 million in Series A in Series A funding. Octopus Ventures led, and was joined by Felix Capital and Otiva. http://axios.link/9BAf
• Domicile, a Seattle-based business hospitality startup, raised $5 million from Crosscut Ventures and Madrona Venture Group. http://axios.link/PDL1
• Saykara, a Seattle-based virtual assistant for physicians, raised $5 million. SpringRock Ventures led, and was joined by NY-Presbyterian Hospital, Elevate Innovation Partners and Madrona Venture Group. http://axios.link/W0mx
⛽ Kayrros, a Paris-based data analytics sector for the energy sector, raised €21 million in Series B funding. Cathay Innovation led, and was joined by Index Ventures, AtlasInvest, Primwest and Korelya Capital. http://axios.link/gjOC
• DataGrail, a San Mateo, Calif.-based personal data privacy startup, raised $4 million in Series A funding led by Cloud Apps Capital Partners. www.datagrail.io
• Sigstr, an Indianapolis-based SaaS platform for employee email signature marketing, raised $4 million led by Edison Partners. www.sigstr.com
• Accel-KKR invested in TEAM Software, an Omaha-based provider of cloud software for contractors in the janitorial and security industries. www.teamsoftware.com
⛽ Argo Infrastructure Partners agreed to buy Hudson Transmission Partners, a 660 MW electric transmission line running under the Hudson River, from Ares Management and Starwood Energy Group. http://axios.link/t8Ed
• Center Rock Capital Partners acquired two companies in separate transactions: LINC Systems, a Westfield, Ind.-based distributor of fastener, packaging and MRO tools, and American Piping Products, a St Louis-based distributor of steel pipe, fittings and valves. http://axios.link/LXov
• Certify, a Portland, Maine-based portfolio company of K1 Capital, acquired Captio, a Spanish provider of expense management software. Captio had raised VC funding from Sabadell VC, Venturecap, Bankinter, Telegraph Hill Capital and Kibo Ventures. http://axios.link/QMuF
⛽ Drillinginfo, an Austin, Texas-based portfolio company of Genstar Capital, acquired Oildex, a Denver-based provider of financial automation software to the North American oil and gas sector, from Accel-KKR. http://axios.link/grMF
• Endeavor, the Hollywood talent agency backed by Silver Lake, is in talks to buy UK-based TV production company Endemol Shine from 21st Century Fox and Apollo Global Management, according to The Daily Telegraph. The deal could be worth around £2 billion.
• Five G Capital Partners invested in Perennial Companies, a provider of commercial landscape design and exterior property maintenance services in the Midwest.
• Linde (DE: LING) and Praxair (NYSE: PX), which continue to await U.S. regulatory approval for their $79 billion merger, are in talks to divest around $200 million in assets to a consortium that includes CVC Capital Partners and Messer Group, per Reuters.
• Long Ridge Equity Partners acquired a majority strake in ProcessUnity, a Concord, Mass.-based provider of risk management SaaS. www.processunity.com
• TPG has agreed to buy Pan Asia Majestic Eagle, the third-largest mobile tower owner in Myanmar, and merge it with existing portfolio company (and #1 operator) Apollo Towers Myanmar, per Nikkei.
🚑 Entasis Therapeutics, a Waltham, Mass.-based developer of anti-infective products, set IPO terms to 4.4 million shares at $16-$18. It would have a fully-diluted market value of around $225 million, were it to price in the middle. The pre-revenue company plans to trade on the Nasdaq (ETTX) with Credit Suisse as lead underwriter, and raised around $82 million, and lists such shareholders as AstraZeneca (21.6% pre-IPO stake), Clarus Ventures (14.7%), Novo (13.7%), Frazier Life Sciences (12.2%), Pivotal BioVenture Partners (10.9%), Sofinnova Ventures (10.9%), TPG Biotech (10.9%) and Eventide Funds (6.1%). www.entasistx.com
• Tencent has confidentially filed for a U.S. IPO of its music streaming service, but has halved the float's target from $4 billion to $2 billion, according to Reuters.
⛽ Riverstone Holdings is seeking a buyer for Abaco Energy Technologies, a Houston-based oilfield services company that could fetch $900 million, per Bloomberg. http://axios.link/E6Vx
• Bank of America (NYSE: BAC) agreed to sell a business that manages around $20 billion of alternative investment feeder funds to iCapital Network. http://axios.link/LcMJ
• Coca-Cola (NYSE: KO) acquired Organic & Raw Trading Co., an Australian maker of kombucha tea under the Mojo brand. http://axios.link/C3Fa
🚑 GlaxoSmithKline (LSE: GSK) received bids for its India-focused health nutrition business Horlicks from Nestle, Unilever and Coca-Cola, per Reuters. http://axios.link/lnvO
• Thor Industries (NYER: THO), maker of Airstreams, agreed to buy German motorhome maker Hymer for €2.1 billion. http://axios.link/5IbQ
• Steve Bierschenk joined Paine Schwartz, a private equity firm focused on “sustainable food chain investing,” as a managing director. He previously was a global strategy lead at Monsanto. www.paineschwartz.com
• Caroline Chayot joined venture firm Atomico as a partner focused on portfolio company hiring. She previously led EMEA HR for Twitter. http://axios.link/sedV
• Ken Park has left Oaktree Capital to join H.I.G. Capital as a Hong Kong-based principal focused on fundraising and investor relations. www.higcapital.com
• Karen Simeone joined HarbourVest Partners as a Boston-based managing director in the firm’s credit group. She previously was with TCW Direct Lending. www.harbourvest.com