Illustration: Sarah Grillo/Axios
Venture Capital
• Atlas Data Storage, a South San Francisco-based DNA data storage company, raised $155m in seed funding from investors including ARCH Venture Partners, Deerfield Management, Bezos Expeditions, Tao Capital Partners, Rsquared VC, Earth Foundry, and In-Q-Tel. Go deeper
🚑 Hilo, a Switzerland-based blood pressure intelligence platform, raised $42m in Series B funding. Earlybird Health and Wellington Partners led with participation from Kfund and naturalX Health Ventures. Go deeper
🚑 ChiroHD, a Marietta, Ga.-based provider of practice management software for chiropractic clinics, raised $26m in a round led by Mainsail Partners. Go deeper
🚑 HealthPlan Data Solutions, a Columbus, Ohio-based provider of pharmacy payment and benefit optimization tools, raised $15m in a round led by MK Capital and joined by Tamarind Hill, JobsOhio, and Rev1 Ventures. Go deeper
• RightRev, a Roseville, Calif.-based automated revenue management company, raised $13m in Series A funding co-led by Cheyenne Ventures and Innovius Capital. RightRev.com
• AltaResource Technologies, a Boulder, Colo.-based mineral separation startup, raised an additional $4.4m for its seed round, bringing the total to $10m, co-led by DCVC and Voyager Ventures, and including Orion Industrial Ventures and In-Q-Tel. Go deeper
💊 Gestalt Diagnostics, a Spokane, Wash.-based AI-powered provider of digital pathology tools, raised $7.5m in Series A funding from Cowles Ventures, TVF Funds, Inland Imaging Investments, and KickStart Funds. Go deeper
• IPercept, a Swedish developer of predictive maintenance software for industry, raised €5m led by Luminar Ventures, joined by RunwayFBU, Backstage Invest, AI.Fund, and J12. Go deeper
🌎 Goparity, a Portuguese startup helping facilitate sustainable financing, raised €2.9m led by 3XP Global, joined by Mustard Seed Maze, Schneider Electric, Energy Access, Regenerative.eco and InvestEco Capital Corp.
🌎 3D Spark, a German manufacturing and procurement SaaS with a focus on sustainability, raised €2m in seed funding led by Triplefair, joined by Fraunhofer Technologie-Transfer Fonds and Innovationsstarter Fonds Hamburg. Go deeper
• ChurchSpace, a Detroit-based startup making churches into event spaces, raised $1.2m led by Emmanuel Brown. Go deeper
Private Equity
• GI Partners launched Managing General Agency, an insurance business. Go deeper
• Jennmar, a portfolio company of FalconPoint Partners, acquired Rohrig Heavy Equipment Maintenance, an Ohio County, W.V.-based equipment maintenance and repair services business. Go deeper
• NexPhase Capital acquired Behavior Frontiers, an El Segundo, Calif.-based provider of treatment for those with autism and other special needs. Go deeper
M&A
🌎 Blue Yonder, a Scottsdale-based supply chain management provider, acquired Pledge, a U.K.-based supply chain sustainability software developer backed by Ace Ventures, Base Partners, Globivest, To VC, Breyer Capital, and Lowercarbon. Go deeper
Odds and Ends
⚡️ CustomCells, a German battery cell supplier, filed for insolvency for two of its entities, citing the insolvency of its largest customer, German eVTOL developer Lilium. Go deeper
• JPMorgan Chase axed its startup-VC platform Capital Connect more than two years after launching the unit. Go deeper
Fundraising
• Deerfield Healthcare Innovations Fund III closed with $600m. Go deeper
⚡Cypress Creek Renewables, a Santa Monica, Calif.-based solar developer, closed $150m from MUFG Bank, BNP Paribas, DNB Bank ASA, Santander and U.S. Bank. Go deeper
It's Personnel
• Duncan Aldred was appointed GM's president of North America. Aldred was head of Buick-GMC. Go deeper
• Colette Hirstius was appointed president, Shell USA, effective Aug. 1. Hirstius will remain EVP, Gulf of America. She succeeds Gretchen Watkins, who is stepping down July 31. Go deeper
🚑 Hims & Hers (NYSE: HIMS) named former Amazon VP Nader Kabbani COO. Go deeper
- Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Dan Primack, and Aaron Weitzman contributed to this report.
