Illustration: Sarah Grillo/Axios
Venture Capital
• IQM, a Finnish quantum computing startup, is in talks to raise over €200m, per Bloomberg. Go deeper
• SchoolAI, a Lehi, Utah-based learning platform for teachers, raised $25m in Series A funding. Insight Partners led, joined by insiders NextView Ventures, The General Partnership, and Peterson Ventures. www.schoolai.com
⚡️Syzygy Plasmonics, a Houston-based low-carbon chemicals and fuels producer, raised $24.5m of a planned $35m bridge round, per Axios Pro. Go deeper
⚡️Fourier, a Palo Alto-based modular hydrogen production startup, raised $18.5m in Series A funding led by General Catalyst and Paramark Ventures, joined by Airbus Ventures, GSBackers, Borusan Ventures, Positive Ventures and MCJ. Go deeper
• Actively AI, a New York-based GTM superintelligence startup, raised $17.5m in Series A funding led by Bain Capital Ventures and a $5m seed led by First Round Capital. Go deeper
• Roam, a New York-based assumable mortgage platform, raised $11.5m in seed funding led by Khosla Ventures. Go deeper
🚑 Airvet, an LA-based pet telehealth provider, raised $11m in Series B-2 funding led by HighlandX with participation from HIPstr. airvet.com
• Lumai, a startup focused on cutting AI processing costs, raised $10m. Constructor Capital led and was joined by PhotonVentures, Journey Ventures, LIFTT, Qubits Ventures, State Farm Ventures, and TIS Inc. lumai.ai
• Atomic, a Utah-based financial connectivity startup, raised $10m led by Capital One Ventures, Citi Ventures, and FNB, with participation from Greylock, Portage Ventures, ATX Venture Partners, Mercato Partners, and Core Innovation Capital. Go deeper
🚑 Deacon Health, a Nashville-based specialty care provider, raised $7m in seed funding from HealthSpring CEO Herb Fritch, former Community Health Systems CFO Larry Cash, and former Ardent Health CEO David Vandewater. Go deeper
• Cambrian, an SF-based AI infrastructure startup, raised $5.9m in seed funding led by a16z, with participation from Blockchain Builders. Go deeper
🚑 Youlify, an SF-based automation startup for health care, raised $4.3m in seed funding led by Bonfire Ventures with participation from Top Harvest, Illia Polosukhin, and Dan Roth. youlify.ai
• TrialKit, an NYC-based discovery platform for criminal defense attorneys, raised $4.25m in seed funding led by UpWest, with participation from 97212 Ventures, Kaedan Capital, and NYU. Go deeper
• Ropes, an NYC-based platform for engineering talent evaluations, raised $3.1m in seed funding led by GSV Ventures with participation from Box Group. Go deeper
🚑 Vopemed, a Montreal-based surgical vision tech startup, raised C$2.3m in pre-seed funding led by Genson Capital and Investissement Québec. Go deeper
• Experial, a German market research startup, raised €2m in pre-seed funding led by Capnamic, with participation from xdeck. Go deeper
🌎 Northwind Climate, a Boston-based climate demographics data startup, has raised a $1.05m pre-seed round from angel investors like Tom Steyer, former Massachusetts governor Deval Patrick, and Alexander Hoffmann of Susty Ventures. Go deeper
• Replit, an AI coding platform, is in talks to raise funding at a $3b valuation, per Bloomberg. Go deeper
Private equity
• Centerbridge Partners is seeking to terminate its acquisition of Banca Progetto from Oaktree Capital Management, citing allegations that the bank provided loans to mafia-linked borrowers. Go deeper
• Pollen Street Group is in advanced talks to buy Spanish real estate firm Hipoges Iberia from KKR, per Bloomberg. Go deeper
• Summit Partners bought a majority stake in Simply.TV, a Copenhagen-based video metadata provider. www.simply.tv
Public offerings
• SmartStop Self Storage REIT, a California-based storage operator, raised $810m in its IPO. Go deeper.
• Soulpower Acquisition, a New York-based SPAC targeting insurance services and retirement savings businesses, raised $220m in its IPO. Go deeper.
Liquidity Events
• I Squared Capital is weighing a sale of Amsterdam-based trailer-leasing business TIP Group, which could fetch more than €3b, per Bloomberg. Go deeper
• PDI Technologies, an Alpharetta, Ga., convenience store software provider backed by Insight Partners, acquired P97 Networks , a provider of mobile commerce and digital marketing solutions that had raised over $100m from Emerald Technology Ventures, Portage, and Accenture Ventures. www.p97.com
M&A
• Eni (Milan: ENI) could get a €13b valuation (including debt) for a minority stake in renewables arm Plentitude, per Bloomberg. Go deeper
• Nayax (Nasdaq: NYAX), an Israeli payments platform, acquired Dutch payments company Inepro Pay. Go deeper
• Bradford White, an Ambler, Pa., water heater manufacturer, acquired Madison, Wis.-based peer Bock Water Heaters. bradfordwhitecorporation.com
Fundraising
• Revaia raised €20m for its second growth fund from British Business Bank. Go deeper
It's Personnel
• John O'Brien was promoted to CEO of JERA Americas, a Houston-based low-carbon infrastructure energy developer. jeraamericas.com
