Illustration: Axios Visuals
Venture Capital
⚡ Base Power, a Texan home battery maker, raised $200m in Series B funding co-led by Andreessen Horowitz, Lightspeed Venture Partners, and Valor Equity Partners. Thrive, Altimeter, Terrain, and Trust Ventures participated. Go deeper
• Nuro, a Mountain View, Calif.,-based developer of autonomous driving tech, raised $106m in Series E funding at a $6b valuation from T. Rowe Price, Fidelity, Tiger Global, Greylock, and XN. Go deeper
• Tessell, an SF-based developer of multi-cloud database-as-a-service, raised $60m in Series B funding. WestBridge Capital led, joined by B37 Ventures, Rocketship.vc, and Lightspeed Venture Partners. Go deeper
• NexGen Cloud, a British AI cloud solutions provider, raised $45m in Series A funding at a $354m valuation led by Moore & Moore Investment Group. Go deeper
🚑 Solu Therapeutics, a Boston-based maker of cancer immunology therapies, raised $41m in Series A funding from Eli Lilly, Biovision Ventures, Pappas Capital, and Hengdian Group Capital. Go deeper
• Easebuzz, an Indian payments infrastructure startup, raised $30m in Series A funding led by Bessemer Venture Partners, with participation from 8i Ventures and Varanium Capital. Go deeper
• Artisan, a SF-based AI sales agent company, raised $25m in Series A funding. Glade Brook Capital led, joined by YC, Day One Ventures, HubSpot Ventures, Oliver Jung, and Fellows Fund. Go deeper
• Outtake, an automation platform for cybersecurity, raised $16.5m in Series A funding. CRV led, joined by Nikesh Aurora and Bill Ackman. outtake.ai
• Solve Intelligence, a London-based in-browser document editor, raised $12m in Series A funding led by 20VC. Go deeper
• Alinea Invest, a Gen Z-focused investing platform, raised $10.4m in Series A funding led by Play Ventures, with participation from GFR Fund, Y Combinator, Gaingels, FoundersX, F7, and Visible Ventures. Go deeper
• Neuranics, a Scottish semiconductor company, raised $8m in seed funding. Blackfinch Ventures led, joined by Archangels, Par Equity, the University of Glasgow, and Old College Capital. Go deeper
• SecondWave Systems, a St. Paul, Minn.-based medical device startup, raised $7m in Series A funding led by Treo Ventures. Go deeper
• Ryft, a British decentralized payments provider, raised £5.7m in Series A funding led by EdenBase, with participation from GPOS Investments, British Business Bank, Pembroke VCT, Sidebyside and Ingenii VC. Go deeper
• DIAMO, a NYC-based revenue platform for hotels, raised $4m in seed funding led by Thayer Ventures and Inovia Capital, with participation from Avalon Capital Group. Go deeper
• Dosen, an Irish HR tech platform, raised $2.3m in pre-seed funding led by Affinity Ventures, with participation from Unshackled Ventures and Fuel Ventures. Go deeper
Private Equity
• Abu Dhabi Investment Authority and Canada Pension Plan Investment Board acquired a €3b stake in IFS, a Swedish enterprise software company, from EQT in a deal that values it at €15b. Go deeper
• Ari Emanuel won the auction for assets including the Miami Open and Madrid Open tennis tournaments from Endeavor Group, per Bloomberg. Apollo and RedBird Capital Partners also participated. Go deeper
• Duetto, backed by GrowthCurve Capital, acquired HotStats, a U.K.-based financial benchmarking tool for hotels. duettocloud.com
• LongueVue Capital invested in Daedalus Industrial, a Bradenton, Fla.-based maker of management and control systems for data centers and industrials. Go deeper
M&A
• Ancora dropped its activist campaign against U.S. Steel (NYSE: X). Go deeper
• ThyssenKrupp is weighing the sale of its materials trading unit, which could fetch up to €2b, per Bloomberg. Go deeper
• DNSFilter, a cybersecurity company backed by Insight Partners and Arthur Ventures, acquired Zorus, a Connecticut-based endpoint security startup backed by General Catalyst. Go deeper
• Urbint, a risk software company backed by Piva Capital, acquired StormImpact, an Illinois-based provider of weather impact modeling tools. Go deeper
Public Offerings
• Titan Acquisition (Nasdaq: TACHU), a SPAC targeting finance and tech-enabled services, raised $240m in its IPO. Go deeper
Fundraising
• Eagle Venture Fund raised $18m for a fund focused on tech to fight human trafficking. Go deeper
It's Personnel
🚑 Mikael Dolsten, Pfizer's former chief scientist, joined Blackstone Life Sciences as a senior advisor. Go deeper
• Andrew Rosato joined placement agent FIRSTavenue as a partner. He previously was a partner with Triago. Go deeper
• Jacques Sisteron, Kesar Varma, and Peter Zakin have been promoted to partner at Upfront Ventures. Go deeper
- Erin Brodwin, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, and Aaron Weitzman contributed to this report.
