Illustration: Sarah Grillo/Axios
Venture Capital
💊 NewLimit, a longevity pharma startup, raised $130m in Series B funding at an $810m valuation led by Kleiner Perkins. Khosla Ventures, Human Capital, and Valor Equity Partners participated. Go deeper
• Parloa, a German agentic AI customer service business, raised $120m in Series C funding at a $1b valuation. Durable Capital Partners, Altimeter Capital, and General Catalyst led. Go deeper
• Statsig, a product development software company, raised a $100m Series C round at a $1.1b valuation, led by ICONIQ Growth and joined by Sequoia and Madrona. Go deeper
⚡ ReNew Energy Global, an Indian solar company, raised $100m from British International Investment. Go deeper
🌎 Orca AI, a U.K.-based maritime intelligence provider, raised $72.5m in Series B funding led by Brighton Park Capital, joined by Ankona Capital and Hyperlink Ventures. Go deeper
• XY Miners, a London-based crypto miner, raised $70m in Series B funding. Go deeper
💊 PAQ Therapeutics, a Burling, Mass.-based drug developer, raised $39m in Series B from Merck, Johnson & Johnson, Bayland Capital, LAV Fund, BioTrack Capital and Sherpa Healthcare Partners. Go deeper
💊 Trailhead Biosystems, a Beachwood, Ohio-based drug discovery company, raised $20m led by MAK Capital. Go deeper
• Onebeat, a New York City-based provider of a dynamic inventory platform, raised $15m led by Schooner Capital with participation from Magenta Venture Partners, Surround Ventures, AnD Ventures, J-Ventures, and INcapital Ventures. Go deeper
💊 QbDVision, an Austin, Texas-based drug development and manufacturing startup, raised $13m in Series A funding led by Northpond Ventures and S3 Ventures. Go deeper
💊 Paradigm Therapeutics, a Mount Pleasant, S.C.-based rare disease biopharma company, raised $12.5m from Eshelman Ventures. Go deeper
🚑 Trilobio, an SF-based lab automation company, raised $8m in seed funding led by Initialized Capital. Argon Ventures and Lowercarbon Capital participated. Go deeper
• Agree, an SF-based invoicing and payments platform, raised $7.2m in seed funding led by Pelion Venture Partners, and joined by Blank Ventures and Gokul Rajaram. Go deeper
🚑 Pulse Charter Connect, an organ transplant logistics startup, raised $2m in seed funding. Ivy Ventures and Simplex Ventures led, with participation from Cedars Sinai Health Ventures, Belal Badat Ventures, and Techstars. Go deeper
Private Equity
• CVC Capital Partners is exploring an $8b takeover of Avolta, a Swiss duty-free retailer, per Sky News. Go deeper
• Dick's Sporting Goods (NYSE: DKS) led an $120m investment in Unrivaled Sports, an operator of youth sports destinations and programming. Other investors included Dynasty Equity, LionTree, Miller Sports & Entertainment and existing investor The Chernin Group. Go deeper
• Arthur J Gallagher & Co. acquired Aspera, a Turkey-based insurance and reinsurance brokerage firm. Go deeper
⚡ E Source, backed by Align Capital Partners, acquired ILLUME Advising, a research and strategy consultancy specializing in the energy sector. Go deeper
• Healthcare Holding Schweiz, backed by Winterberg, acquired Aestheticbedarf, a German aesthetic treatments firm. Go deeper
• Lubrication Engineers, backed by Aurora Capital Partners, acquired RSC Bio Solutions, a maker of biodegradable lubrication solutions. Go deeper
Public Listings
• Flynas, the Saudi low-cost carrier backed by Prince Alwaleed bin Talal, is seeking $1b for an IPO in Riyadh. Go deeper
M&A
🚑 Viemed Healthcare, a Lafayette, La.-based respiratory health care equipment provider, acquired DeKalb, Illinois-based Lehan's Medical Equipment for $26 million. Go deeper
Odds and Ends
🌎 Bolder Foods, a Belgian alt-dairy ingredients developer, shut down. Investors include Oya Seed, EIT Food, and Biotope by VIB, per PitchBook. Go deeper
🚑 Synthego, a gene editing business, has filed for bankruptcy and plans to sell itself to an affiliate of Perceptive Advisors, one of its lenders. It's raised $392m from investors including SoftBank and Founders Fund. Go deeper
Fundraising
• Monroe Capital, Sumitomo Mitsui Banking Corporation and MA Asset Management formed a JV that will invest up to $1.7b in senior secured loans to U.S. middle market borrowers. Go deeper
Debt
• FiberLight, a Cambridge, Mass.-based fiber-optic network firm, raised $500m in an ESG-linked loan underwritten by JPMorgan Chase Bank and SMBC. Go deeper
It's Personnel
• Warburg Pincus named Phil Venables as a senior advisor in the technology group. He was previously CISO at Google Cloud. Go deeper
- Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Dan Primack, and Aaron Weitzman contributed to this report.
