Illustration: Tiffany Herring/Axios
Venture Capital
• Redpanda, an SF-based data streaming startup, raised $100m in Series D funding. GV led, joined by Lightspeed. redpanda.com
• Hydrolix, a Portland, Ore., streaming data lake startup, raised $80m in Series C funding. QED Investors led, joined by Blumberg Capital, Frontline Ventures, Pruven Capital, Sozo Ventures and insiders Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, Uncorrelated Ventures and Wing VC. Go deeper
Sateliot, a Barcelona-based satellite company, raised €70m from Hyperion Fund in Madrid, Spanish Society for Technological Transformation and European Investment Bank. Go deeper
Félix, a platform for cross-border remittances, raised $75m in Series B funding led by QED Investors. Go deeper
• Ethic, an NYC-based personalized investing platform, raised $64m Series D funding led by State Street Global Advisors. Go deeper
🚑 Solace, a Redwood City, Calif.-based provider of health care navigation solutions for patient advocates, raised $60 million in Series B funding. Menlo Ventures led, joined by SignalFire and insiders Craft Ventures, Inspired Capital, and Torch Capital. Go deeper
🚑 Thatch, an SF-based ICHRA provider, raised $40m in Series B funding led by Index Ventures, and joined by Andreessen Horowitz (a16z), General Catalyst, SemperVirens, PeopleTech Partners, The General Partnership, and ADP Ventures. Go deeper
• Ecoat, a French low-carbon paints startup, raised €21m in funding from Yotta Capital Partners, European Circular Bioeconomy Fund (ECBF), and Starquest Capital. Go deeper
• Validation Cloud, a crypto infrastructure startup, raised $15m in Series A funding. True Global Ventures led, joined by Cadenza, Blockchain Founders Fund, Side Door Ventures, and AP Capital. validationcloud.io
• Fairly Made, a French fashiontech scaleup, raised €15m in funding from BNP Paribas, GET Fund, ETF Partners, and Frenchfounders. Go deeper
• Hi Auto, a Dayton, Ohio-based AI voice tech startup for the QSR industry, raised $15m Series A funding led by Delek Motors, the Zisapel Family, and Vasuki Tech Fund. Go deeper
• Ultra, a British gaming and developer platform, raised $12m in funding led by NOIA Capital. Go deeper
• Kurrent (fka Event Store), an "event-native" data platform, raised $12m. Crane Venture Partners led, joined by Creandum. Kurrent.io
🚑 Daymark Health, a Philadelphia-based cancer care startup, raised $11.5m in seed funding from Maverick Ventures, Yosemite Ventures, and Oncology Ventures. Go deeper
• Vivere Partners, a Laguna Beach, Calif.-based specialty insurance platform, raised $7.5m Series A funding led by General Catalyst, Pathlight Ventures, and Greenlight Re. Go deeper
• Unravel, a British AI video commerce platform, raised a $7m Series A round led by Nauta Capital, with participation from Active Partners, Slingshot Ventures, Olivier Bisserier, Antler, Nodes, Upscalers, Brook Bay Capital, and The Players Fund. Go deeper
• Grace, a French fintech for luxury loss protection, raised €5.9m in seed funding led by FinTech Collective and Speedinvest, with participation from Firstminute Capital, Kima Ventures, and Bpifrance. Go deeper
• HeroWear, a Nashville-based developer of occupational exosuits, raised $5m in Series A funding from White Road Investments and Engage. Go deeper
• Phonic, a Foster City, Calif.-based AI-generated voice technology provider, raised $4m in seed funding led by Lux. Go deeper
• AutonomyAI, an NYC-based AI devtools startup, raised $4m in pre-seed funding from backers that include Inbound Capital. Go deeper
• TwinKnowledge, an NYC-based AI real estate platform, raised a $3.7m seed round led by Camber Creek, with participation from Great Wave Ventures. Go deeper
• Grid Edge, a British carbon emission reduction startup, raised £2.8m in funding from Midlands Engine Investment Fund II, Mercia Ventures, Centrica, and bp Ventures. Go deeper
• UniteLabs, a Swiss biotech automation startup, raised €2.8m in pre-seed funding led by NAP, with participation from PUSH, Acurio Ventures, OMA Business Angels, and LANA Ventures. Go deeper
• Klipy, a Georgian meme monetization API, raised a $1.2m seed round backed by Sturgeon Capital. Go deeper
Private Equity
• General Atlantic led an investment in Frazier & Deeter, an Atlanta-based accounting and business transformation firm. PSP Capital Partners and Aksia participated. frazierdeeter.com
• Hidden River Strategic Capital invested in Miles Ahead Brands, a portfolio of aggregate distribution companies in the Southeast and Southwest. milesaheadbrands.com
• Soundcore Capital Partners acquired two tree-care companies — Princeton Tree Care of New Jersey and Clauser Tree Care of Pennsylvania — to launch a new acquisition platform called TreeServe. Go deeper
• TA Associates acquired a stake in SmartTrade, a French provider of multi-asset electronic trading and payments, from Hg. Go deeper
M&A
🚑 ATA Action, the D.C.-based lobbying arm of the American Telemedicine Association, acquired Digital Therapeutics Alliance, an Arlington, Va.-based lobbying group for digital therapeutics companies. Go deeper
• The Hershey Company (NYSE: HSY) will reportedly pay $750m to acquire LesserEvil, a Danbury, Conn.-based organic snack maker that raised about $45m from Aria Growth Partners, Valor Equity Partners, and InvestEco Capital. Go deeper
Liquidity Events
• Castillo Hermanos agreed to buy Harvest Hill Beverage Co., the maker of Sunny D and Juicy Juice, from Brynwood Partners. harvesthill.com
• WPP (LSE: WPP) acquired InfoSum, a U.K. data collaboration platform that had raised over $90m from Upfront Ventures, IA Ventures, ITV and Chrysalis Investments. Go deeper
Fundraising
• Trive Capital, a Dallas-based PE firm, closed its fifth fund with $2.7b in commitments. Go deeper
Credit
• Silicon Ranch, a Nashville-based solar developer, secured a $500m commitment from AIP Management. Go deeper
- Erin Brodwin, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, and Aaron Weitzman contributed to this report.
