Venture Capital
• Haya Therapeutics, a Swiss precision medicines startup focused on the dark genome, raised $65m in Series A funding. Sofinnova Partners and Earlybird Venture Capital co-led, joined by Eli Lilly, Athos, +ND Capital, Alexandria Venture Investments, LifeLink Ventures, Apollo Health Ventures, Longview Ventures, 4see ventures, Bernina Bioinvest, and Schroders Capital. Go deeper
⚡ mPower Technology, an Albuquerque, N.M.-based space solar company, raised a $21m Series B led by Razor's Edge Ventures and joined by Shield Capital. Go deeper
• Fastino AI, a Palo Alto, Calif.-based developer of task-focused language models for the enterprise, raised $17.5m in seed funding. Khosla Ventures led, joined by Insight Partners and Valor Equity Partners. Go deeper
🚑 Kouper, an NYC-based startup focused on transitions of care, raised $10m from General Catalyst, 25Madison, and CVS Health Ventures. Go deeper
🌎 Uviquity, a Raleigh-based developer of pathogen-killing UVC lights, raised $6.6m in seed funding led by Emerald Development Managers, joined by AgFunder and Mann+Hummel. Go deeper
🚑 Medmain, a Japanese digital pathology startup, raised $3.3m led by One Capital with participation from Niremia Collective and Plug and Play. Go deeper
• Savea, a fintech focused on tokenized, real-world assets, raised $2.5m in pre-seed funding from investors including EmergentX. savea.com
• Sequoia Capital is leading a secondary tender for portfolio company Clay, a sales automation software firm, at a $1.5b valuation. Go deeper
Private Equity
• Altas Partners invested in Redwood Services, a Memphis, Tenn.-based platform for home services contractors. redwoodservices.com
• Azimut Group agreed to increase its stake in private equity firm HighPost Capital to 56% from 15%. Go deeper
• Contour Design, majority-owned by Polaris Private Equity, agreed to acquire the Active Key business from Cherry SE. Active Key, based in Germany, creates specialized keyboards and mice. Go deeper
• Hyve, an events group owned by Searchlight Capital Partners and Providence Equity Partners, acquired annual supply chain and logistics conference Manifest from Connectiv. Go deeper
• MiddleGround Capital acquired Zoerkler, an Austrian maker of transmission components. zoerkler.at
• Tyto Athene, an Arlington Capital Partners portfolio company, acquired StackArmor, a Reston, Va.-based cloud migration and managed security services firm. gotyto.com
• Vertu Capital led a $35m round in Amilia, a Canadian payments and management software maker for the recreation industry. Go deeper
Public Listings
• Grupo Financiero Banamex, Citi's Mexican retail bank, is preparing for an IPO as soon as the end of this year. Go deeper
M&A
• Recurly, a VC-backed subscription management platform, acquired both Shopify-first subscription platform Prive and subscriber engagement personalization tool Redfast. recurly.com
• Nestle has hired Rothschild to sell a stake in its water business (which includes Perrier) later this year. The unit could be valued at $5.6b, per Reuters. Platinum Equity, Blackstone and One Rock Capital Partners have held conversations. Go deeper
• Smiths Group (LSE: SMIN) hired Goldman Sachs and JPM to sell its electrical connectors unit, which could fetch £1b, per the FT. Go deeper
🌎 Faircraft, a French biotech, acquired assets from VitroLabs, a California lab-grown leather developer. Go deeper
• UBS is in talks to sell O'Connor, its hedge fund unit, to Cantor Fitzgerald, per Bloomberg. Go deeper
Fundraising
🌎 Microsoft invested in Portland, Oregon-based forest investment company EFM's $300m Fund IV and also signed an agreement to buy 700,000 carbon removal credits. Go deeper
• Southfield Capital, a Greenwich, Conn.-based lower middle market private equity firm, closed Southfield Capital IV with $560m. Go deeper
Odds & Ends
⚡A federal judge placed Bollinger Motors, an Oak Park, Mich., EV developer, in court receivership after founder Robert Bollinger sued owner Mullen Automotive for allegedly breaching repayment terms of a $10m loan. Go deeper
Debt
⚡Redaptive, a Denver-based energy-as-a-service provider, closed a $650m credit facility from CDPQ and Nuveen. Go deeper
🌎 Beyond Meat (NASDAQ: BYND), the El Segundo, Calif.-based plant-based meat producer, closed a $100m senior secured debt facility with Unprocessed Foods as it reported a 9.1% decline in net revenues. Go deeper
Personnel
• Rob Allard joined Starwood Capital Group as CIO of insurance strategies. He previously was with Rothesay Asset Management North America. Go deeper
• John Mulflur was named managing director at Coalesce Capital. He was previously a managing director in the services sector at Permira. Go deeper
• Mark Solakian and Jake Gatof joined law firm Orrick as partners focused on life sciences VC and tech VC, respectively. Both were previously with Wilson Sonsini. orrick.com
