The Supreme Court yesterday struck down a federal ban on sports betting, which makes me want to short Las Vegas and go long on most everything else:
• Narrow optimism: Trump economic advisor Larry Kudlow this morning said at an Axios event that the odds of getting a better NAFTA deal were only 51/49. More highlights.
• Gender gap: It's not just that female founders are less likely than male peers to raise any venture capital. It's that even when female founders raise a first round, they're much less likely than are men to raise follow-on funding. Kia digs into the data.
• Secondaries: The WSJ reports that VC firm NEA is planning to sell up to $1 billion of portfolio assets to a new direct secondaries firm being launched by longtime general partner Ravi Viswanathan (who will leave NEA). Notes per sources:
• Next act: Recode reports that longtime Kleiner Perkins partner Beth Seidenberg is leaving to launch her own VC firm. Not a huge surprise, as Seidenberg has been on a life sciences island within tech-focused KP for years. Some additional details on her plans, per a source familiar:
Good Eggs, a San Francisco-based online grocery for fresh products, has raised $50 million in new VC funding. Benchmark Capital led, with partner Bill Gurley joining the company's board of directors.
🚑 Celsius Therapeutics, a Cambridge, Mass.-based drug developer focused on single-cell genomic sequencing, raised $65 million in Series A funding from Third Rock Ventures, GV, Heritage Provider Network, Casdin Capital and Alexandria Venture Investments. http://axios.link/t2k2
• Saildrone, an Alameda, Calif.-based provider of ocean data collected via an unmanned vehicle fleet, raised $60 million in Series B funding from Capricorn's Technology Impact Fund, Lux Capital, Social Capital and The Schmidt Family Foundation. www.saildrone.com
🚑 Qventus, a Mountain View, Calif.-based provider of operations management software for health systems, raised $30 million in Series B funding. Bessemer Venture Partners led, and was joined by New York-Presbyterian Hospital, Mayfield Fund and Norwest Venture Partners. www.qventus.com
• Auvik Networks, a Canadian provider of network monitoring and management software for managed service providers, raised C$20 million in Series C funding led by return backer OpenView. www.auvik.com
• TruValue Labs, a San Francisco-based provider of “AI-driven” ESG data, has raised $13.6 million in Series A funding. Katalyst Ventures led, and was joined by Hearst Financial Venture Fund, The Entrepreneurs’ Fund and Sun Hung Kai Strategic Capital. www.truvaluelabs.com
• Beautiful.ai, a San Francisco-based provider of AI-driven visual design solutions, raised $11 million in Series B funding. Trinity Ventures led, and was joined by return backers Shasta Ventures and First Round Capital. www.beautiful.ai
• Welcome to the Jungle, a French job recruitment enabler, has raised around €7 million in VC funding from several firms that had the money, honey: XAnge, Bpifrance and Kima Ventures. http://axios.link/I9p7
• AnyDesk, a German provider of demote desktop software, raised €6.5 million in Series A funding led by EQT Ventures. http://axios.link/YGl8
• VidMob, a New York-based video creation platform, raised $6.4 million in new Series A funding (round total now $13.9m). You & Mr Jones was joined by return backers investors Manifest Growth, Interlock Partners, Acadia Woods and Macanta Investments. www.vidmob.com
• Choosy, an on-demand social shopping platform, raised $5.4 million in seed funding. NEA led, and was joined by Forerunner Ventures, Innovation Global Capital, Entrepreneurs Roundtable Accelerator, XFactor Ventures and Supernode Ventures. www.getchoosy.com
• Prisma, a Berlin and San Francisco-based startup focused on GraphQL, raised $4.5 million in seed funding led by Kleiner Perkins. http://axios.link/obtI
👞 Charlesbank Capital Partners has agreed to acquire shoemaker Rockport Co. via a Chapter 11 bankruptcy process. http://axios.link/jF0Z
• Core Capital Partners has invested in Alpine Fire Engineers, a UK-based active fire suppression systems company. www.alpinefire.co.uk
• ESR, an Asia-focused logistics real estate company backed by Warburg Pincus, has raised $306 million in new equity funding from JD.com (Nasdaq: JD). http://axios.link/NjQ8
🚑 Manipal Hospitals and TPG Capital sweetened their offer for a stake in Indian hospital group Fortis Healthcare. This comes just days after Fortis agreed to a $268 million deal with Hero Enterprise Investment Office and Burman Family Office. http://axios.link/NvP7
• Ebang, a Chinese maker of telecom and Bitcoin mining equipment, reportedly is prepping a Hong Kong IPO. http://axios.link/9CtW
• GEMS Education, a Dubai-based for-profit education company backed by The Blackstone Group, is prepping a London IPO instead of pursuing inbound private equity interest, per Bloomberg. http://axios.link/h14C
🚑 Kiniksa Pharmaceuticals, a Lexington, Mass.-based biotech company focused on inflammatory disease, set its IPO terms to 7 million shares at $17-$19. It would have a fully-diluted market value of around $905 million, were it to price in the middle. The pre-revenue company plans to trade on the Nasdaq (KNSA) with Goldman Sachs as lead underwriter, and has raised $320 in VC funding from firms like Baker Brothers and Arrowpoint Funds. www.kiniska.com
• Pluralsight, a Farmington, Utah-based professional learning platform, raised its IPO price range from $10-$12 to $12-$14. It still plans to offer 20.7 million shares and price later this week.
🚑 Polyphor, a Swiss cancer drug company, raised around $165 million in its Swiss IPO. Pre-IPO shareholders included Novartis Venture Funds, HBM Partners and Core Capital Partners. http://axios.link/sCaH
• Trinity Merger, a real estate-focused SPAC formed by Trinity Investments, raised $300 million in its IPO. http://axios.link/TVHa
• Avril of France has acquired a majority stake in Italian olive oil maker Costa d’Oro. http://axios.link/NFwa
• Hella, a listed German auto parts company, is in talks to sell its wholesale business. http://axios.link/O7KX
• Worldline (Paris: WLN) has agreed to acquire the payments unit of Swiss stock exchange operator SIX Group for $2.75 billion. http://axios.link/qRXs
• Ardian raised $800 million for its first infrastructure fund focused on the U.S. and other OECD American countries.
• Silverton Partners, an Austin, Texas-based VC firm, has closed its fifth fund with $108 million. www.silvertonpartners.com
• Ted Eliopoulos is stepping down as chief investment officer at CalPERS, after a four-year run. http://axios.link/ebjl