Situational awareness: Intel CEO Brian Krzanich is out, following an investigation into a "consensual relationship with an Intel employee." CFO Bob Swan steps in on an interim basis.
Colony Capital has agreed to buy several of the Abraaj private equity funds, just a week or so after it passed on buying the Dubai-based group's entire investment management business.
This is a bit unexpected. Not only because Colony didn't want the larger deal, but also because it's mostly a real estate investment firm that doesn't really have any experience in emerging markets private equity. On the other hand, Colony founder Tom Barrack — a close friend of President Trump — has longstanding business ties to the Middle East, including in UAE.
• Sidewalk wars: Kia has obtained a confidential fundraising deck circulated by Lime, the e-scooter company that is raising $250 million in new funding led by GV. If you want to know how an e-scooter leader thinks about expansion and financial metrics, check out her post.
• IPO trendline: Five pre-revenue biotech companies priced IPOs last night, with four of them doing so at up-sized terms.
• Coming attractions: Don't be surprised to see at least one more high-profile departure from Social Capital in the coming weeks.
• Crypto: Fortune reported yesterday that cryptocurrency company Stellar is in advanced talks to acquire Chain, a VC-backed startup that develops blockchain-based technologies for the financial markets, for "$500 million in Stellar’s digital currency Lumens."
Tilray, a Canadian cannabis cultivation and distribution company owned by Privateer Holdings, filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker TLRY with Cowen as lead underwriter.
• Vipkid, a Chinese K-12 online education platform, raised $500 million in new Series D funding at a $3 billion post-money valuation from Coatue Management, Tencent, Sequoia Capital China and Yunfeng Capital. http://axios.link/64mv
• Swiggy, an Indian food delivery startup, raised $210 million in new funding. Return backer Naspers led, and was joined by DST Global, Meituan Dianping and Coatue Management. http://axios.link/QJ5e
🚑 Helian Health, a Chinese hospital WiFi provider, raised $75 million in Series B funding. SenseTime led, and was joined by Wanxiang Investment and Hangzhou Lianchuan Investment Management. http://axios.link/zOk3
🚑 iTeas Therapeutics, a Belgium-based immune-oncology startup, raised €64 million in Series B funding. MPM Capital led, and was joined by HBM Partners, 6 Dimensions Capital and Curative Ventures and return backers Fund +, VIVES II, SRIW and SFPI. http://axios.link/FygK
• Nginx, a San Francisco-based operator of an open source web server, raised $43 million in Series C funding. Goldman Sachs Growth Equity led, and was joined by return backer NEA. http://axios.link/Ohb8
• Seal Software, a London-based content discovery and analytics company, raised $30 million from Toba Capital. www.seal-software.com
• Bossa Nova, a San Francisco-based maker of in-store inventory robots, raised $29 million in new funding. Cota Capital led, and was joined by China Walden Ventures and LG Electronics. www.bnrobotics.com
• Beamery, a London-based recruiting software startup, raised $28 million in Series B funding. EQT Ventures led, and was joined by return backers Angelpad, Edenred Capital Partners and Index Ventures. http://axios.link/BbfX
🚑 Calm, a San Francisco-based meditation app, raised $27 million in Series A funding at a $250 million pre-money valuation. Insight Venture Partners led, and was joined by Sound Ventures ans singer Harry Styles. http://axios.link/nrxB
• Urban Airship, a Portland, Ore.-based provider of mobile push messaging software, raised $25 million in Series F funding. Foundry Group led, and was joined by return backers True Ventures, August Capital, Intel Capital, Verizon Ventures, QuestMark Partners and Franklin Park Associates. www.urbanairship.com
• Blinkist, a Berlin-based condensed reading platform for non-fiction books, raised $18.8 million led by Insight Venture Partners. http://axios.link/f3mS
• Silexica, the German developer of SLX programming tools, raised $18 million in Series B funding. EQT Ventures led, and was joined by return backers Merus Capital, Paua Ventures, Seed Fonds Aachen and DSA Invest. http://axios.link/xAnu
• SharesPost, a San Francisco-based secondary share exchange, raised $15 million in Series C funding co-led by LUN Partners and Kenetic Capital. www.sharespost.com
• Grove, a San Francisco-based financial advisory startup, raised $8 million in new funding. Defy Ventures led, and was joined by Tusk Ventures, Bullish, Winklevoss Capital and angels like Kevin Durant. http://axios.link/e5Ze
• Truepic, a San Diego-based provider of image authenticity software, raised $8 million in Series A funding from backers like Dowling Capital Partners. http://axios.link/SIiY
• Stensul, a New York-based email marketing startup, raised $7 million in Series A funding. Javelin Venture Partners led, and was joined by Arthur Ventures, First Round Capital, Uncork Capital and Lowercase Capital. http://axios.link/jcPL
• Universe, an iOS app for building simple websites, raised $4 million in Series A funding from Javelin Venture Partners, General Catalyst, Box Group, YC and Eniac Ventures. http://axios.link/dLPw
• Finless Foods, a Berkeley, Calif.-based developer of lab-grown seafoods, raised $3.5 million led by Draper Associates. http://axios.link/EyfH
🚑 Mightier, a Boston-based kids behavioral health startup, raised $2.4 million in seed funding led by Slow Ventures. www.mightier.com
• Altice has agreed to sell a 49.99% stake in its French telecom towers business to KKR and a 75% stake in its Portugal telecom towers business to Morgan Stanley Infrastructure Partners and Horizon Equity Partners. The combined deals are worth around €2.5 billion in cash. http://axios.link/nfTF
⛽ OKEA, a Norwegian oil and gas company backed by Seacrest Capital, agreed to pay $566 million for Norway oil and gas assets from Royal Dutch Shell (LSE: RDS). http://axios.link/45ri
• TPG Capital agreed to acquire a minority stake in cosmetics company Anastasia Beverly Hills. No terms were disclosed, but an earlier report was that the deal would value ABH at just under $3 billion (including debt).
🚑 Aptinyx, an Evanston, Ill.-based developer of drugs for neurologic disorders, raised $102 million in its IPO. It priced 6.4 million shares at $16 (upsized from 5.3m at $14-$16), and will trade on the Nasdaq (APTX). J.P. Morgan was lead underwriter. Aptinyx had raised around $135 million in VC funding, from firms like Adams Street Partners (14.85% pre-IPO stake), New Leaf Ventures (11.63%), Longitude Venture Partners (11.63%), Frazier Life Sciences (11.63%), Bain Capital Life Sciences (6.98%) and LVP Life Science Ventures (5.71%). www.aptinyx.com
🚑 AvroBio, a Cambridge, Mass.-based gene therapy company, raised $100 million in its IPO. The pre-revenue company priced 5.25 million shares at $19 (upsized from 4.4m at $16-$18), and will trade on the Nasdaq (AVRO). Morgan Stanley was lead underwriter. AvroBio had raised $87 million from firms like Atlas Venture (27% pre-IPO stake), Claris Ventures (17%), SV Life Sciences (15%) and Cormorant (8%). www.avrobio.com
• i3 Verticals, a Nashville-based provider of payment processing solutions to SMBs, raised $86 million in its IPO. The company priced 6.7 million shares at $13, for an initial market cap of $332 million. It will trade on the Nasdaq (IIIV), while Cowen & Co. was lead underwriter. Shareholders include First Avenue Partners and Harbert Management. www.i3verticals.com
🚑 Kezar Life Sciences, a San Francisco-based developer of drugs to treat autoimmune diseases, raised $75 million in its IPO. The pre-revenue company priced 5 million shares at $15 (upsized from 4.7m at $14-$16), and will trade on the Nasdaq (KZR). Jefferies was lead underwriter. Kezar had raised around $78 million from firms Cormorant Asset Management and Morningside Ventures (15.5% pre-IPO stake), Cormorant (9.9%), Cowen Healthcare (7.6%), EcoR1 Capital (5.5%) and Omega Funds (5.2%). www.kezarlifesciences.com
🚑 Magenta Therapeutics, a Cambridge, Mass.-based developer of bone marrow transplant therapeutics, raised $100 million in its IPO. The pre-revenue company priced 6.7 million shares at $15 (midpoint), and will trade on the Nasdaq (MGTA). J.P. Morgan was lead underwriter. It had raised around $150 million from firms like Third Rock (28.91% pre-IPO stake), Atlas Venture (17.48%), GV (12.05%) and Casdin Capital (5.9%). www.magentatx.com
🚑 Xeris Pharma, a Chicago-based developer of injectable hypoglycemia treatments, raised $86 million in its IPO. The pre-revenue company sold 5.7 million shares at $15 (upsized from 5m at $14-$16), and will trade on the Nasdaq (XERS). Jefferies was lead underwriter. Xeris had raised $145 million from firms like Palmetto Partners (13.88% pre-IPO stake), Deerfield Management (12.32%), Redmile Group (12.3%) and Mérieux (6.18%). www.xerispharma.com
🚑 Vitruvian Partners is seeking a buyer for CRF Health, a Pennsylvania-based clinical trial software company, per the WSJ. http://axios.link/IXgQ
• Match Group (Nasdaq: MTCH) has acquired a 51% stake in dating app Hinge, with an option to buy the remainder. New York-based Hinge had raised around $26 million from firms like Shasta Ventures and Great Oaks Venture Capital. http://axios.link/87UV
⛽ BP (LSE: BP) has terminated it’s a $1.8 billion agreement to purchase the gas stations business of Woolworths (ASX: WOW), following objections from Australian regulators. http://axios.link/EvnJ
• JCDecaux (Paris: JCDX) has offered to buy Australian outdoor advertising firm APN Outdoor Group (ASX: APO) for A$1.1 billion. http://axios.link/tBb4
• Microsoft (Nasdaq: MSFT) agreed to acquire Bonsai, a Berkeley, Calif.-based AI startup that helps non-programmers develop machine-learning tools for industrial applications.
• WalkMe, a San Francisco-based digital adoption platform that has raised over $160 million in VC funding, has acquired DeepUI, a developer of machine learning tech to understand business software and the graphical user interface level. www.walkme.com
• Micah Baldwin is joining Madrona Venture Group to launch a new innovation center. He previously was a biz dev and product manager with Amazon Web Services. www.madrona.com
• Paul Greff is being promoted to chief investment officer from deputy CIO at the $100 billion Ohio Public Employees Retirement System (OPERS). http://axios.link/nsBg
• Katie Hughes as joined General Catalyst as a partner. She previously was a talent partner with DFJ. www.generalcatalyst.com
• Lexington Partners has named Wil Warren, who leads the firm’s US secondaries practice, as firm president. He succeeds firm founder Brent Niklas, who will become non-executive chairman. www.lexingtonpartners.com
• Ramzi Ramsey has joined SoftBank Vision Fund as a director. He previously was a VP with Technology Crossover Ventures.
• Katsunori Sago was named chief strategy officer of SoftBank, just days after retiring as an EVP of Japan Post Bank. http://axios.link/adhs