Illustration: Axios Visuals
Venture Capital
• Flow, the residential real estate startup from former WeWork CEO Adam Neumann, raised $100m from insiders like a16z, per Bloomberg. Go deeper
💊 Avidicure, a Dutch biotech focused on multifunctional antibody modality, raised $50m in seed funding. EQT Life Sciences led, joined by Kurma Partners, BioGeneration Ventures, BOM, Curie Capital, and V-Bio Ventures. Go deeper
• Push Security, an identity threat detection startup, raised $30m in Series B funding. Redpoint Ventures led, joined by Datadog Ventures. Go deeper
• Listen Labs, an SF-based autonomous user interview tool, raised $27m in funding led by Sequoia Capital. Go deeper
• SquareX, a Palo Alto, Calif.-based browser detection and response startup, raised $20m in Series A funding. SYN Ventures led, joined by Peak XV Partners. Go deeper
• Theo, a NYC-based trading infrastructure startup, raised $20m led by Hack VC and Anthos Capital, with participation from Manifold Trading, Mirana Ventures, Metalayer Ventures. Go deeper
🌎 RepAir Carbon, an Israeli carbon capture startup, raised $15m in extended Series A funding. Taranis Carbon Ventures and Extantia Capital led, joined by Ormat Technologies and Repsol. Go deeper
🚑 Kiwi, a Miami-based BNPL company for health care expenses, raised $2m in seed funding and $8m in debt from Tyler Johnson (GP at MVRK Capital) and Beau Woodward (director at HFD). kiwipay.lat
• ALT Sports Data, a San Diego-based betting data startup, raised $5m in seed funding led by Relay Ventures and Eberg Capital, with participation from Motley Fool Ventures and Scrum Ventures. Go deeper
🚑 Nuclivision, a Belgian PET imaging startup, raised €5m led by LUMO Labs and Heran Partners. Go deeper
Private Equity
• Authentic Brands Group, backed by private equity, is weighing a takeover of clothing brand Guess (NYSE: GES), which previously received a $677m take-private bid from WHP. Go deeper
• Bain Capital, KKR and Pimco each are bidding on NewDay Group, a British financial services firm that could fetch $2.3b, per Sky News. Go deeper
• Commercial Bakeries, a Canadian portfolio company of Graham Partners, acquired local peer Hollandia Bakeries. Go deeper
🚑 Reveleer, a Glendale, Calif.-based health insurance risk management SaaS backed by Oak HC/FT, acquired Novillus, a Portland, Ore., workflow platform for health plans. Go deeper
• Peak Capital Partners invested in Kaira Technologies, a Canadian digital financial coaching company. kaira.ai
• PSG invested in Glasswall, a London-based file protection company. Go deeper
Liquidity Events
• Morgan Stanley Infrastructure Partners is weighing a sale of its majority stake in Permian pipelines project Brazos Midstream II, which could fetch more than $2b (including debt), per Reuters. Go deeper
Public Offerings
• New Providence Acquisition III, a consumer SPAC led by former soft drink execs, raised $261m in its IPO. Go deeper
• Yuanbao, a Chinese insurance broker, plans to raise around $28m in a U.S. IPO at a $676m valuation. Go deeper
M&A
• S&P Global (NYSE: SPGI) agreed to acquire the Automatic Identification System data services business of Orbcomm. Go deeper
Fundraising
• Clearlake Capital Group is extending fundraising for its eighth flagship fund to November, having so far only secured $13b of its $15b target, per Bloomberg. Go deeper
• HealthCap IX, a Swedish life sciences venture fund, secured a €48m investment from Novo Holdings and Export and Investment Fund of Denmark (EIFO). Go deeper
Debt
• Dataminr, a NYC-based risk alert system, raised $100m in convertible financing from Fortress Investment Group. Go deeper
It's Personnel
• Morgan Cheatham joined Breyer Capital as a partner and head of health care and life sciences. He previously was with Bessemer Venture Partners. Go deeper
• Maximilian Crown, co-founder of MoonPay, joined TON Foundation as CEO. Go deeper
• Granite Creek Capital Partners promoted Ken Kruger and Andrew Kearney to principals. granitecreek.com
- Erin Brodwin, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Dan Primack, and Aaron Weitzman contributed to this report.
