Illustration: Shoshana Gordon/Axios
Venture Capital
• Rippling, the payroll software company, is in early talks to raise hundreds of millions of dollars at a $16b valuation, per Bloomberg. Go deeper
🚑 RayThera, a San Diego, Calif.-based immunology biotech, raised $110m in Series A funding led by Foresite Capital and OrbiMed Advisors and joined by TTM Capital. raythera.com
• SandboxAQ, a Palo Alto, Calif.-based Alphabet spinoff developing AI models for enterprises, raised $150m from Google, Nvidia, and BNP Paribas at a $5.8b valuation. Go deeper
• Scapia, an Indian banking services provider, raised $40m in Series B funding led by Peak XV Partners. Scapia.cards
🚑 restor3d, a Durham, N.C.-based maker of 3D orthopedic implants, raised $38m from Summers Value Partners. restor3d.com
• Linus, an Oakland, Calif.-based SAT prep gaming startup, raised $5m in seed funding led by Owl Ventures. Go deeper
Private Equity
• DFW Capital Partners acquired a stake in Kept Companies, a Fairfield, N.J.-based cleaning and maintenance company, from Acon Investments. Go deeper
M&A
• Indosuez Wealth Management, a subsidiary of the Crédit Agricole Group, agreed to acquire Banque Thaler, a Swiss bank. Go deeper
It's Personnel
• Laureen Thompson joined Pivot Bio, a Berkeley, Calif.-based agtech company, as its head of people and human resources. Go deeper
