Illustration: Axios Visuals
Venture Capital
• AI21 Labs, an Israeli enterprise AI business, raised $300m in Series D funding from Google and Nvidia. Go deeper
💊 Azafaros, a Dutch biotech focused on rare lysosomal storage disorders, raised €132m in Series B funding led by Jeito Capital and Forbion Growth, with participation from Seroba, Pictet Group, Forbion Ventures, Schroders Capital and BioGeneration Ventures. Go deeper
• Bestow, a Dallas-based insurance tech company, raised $120m in Series D funding led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital. Bestow.com
• Owner.com, a Palo Alto, Calif.-based software maker for restaurants, raised $120m at a $1b valuation. Meritech and Headline co-led, joined by Alt Capital. Go deeper
🌎 Saildrone, an Alameda, Calif.-based developer of autonomous ships, raised $60m led by the Export and Investment Fund of Denmark. Go deeper
• Ascendx Cloud, a London-based CRM SaaS, raised €53m led by Osprey Investors and Columbia Lake Partners. Go deeper
💊 Tilt Biotherapeutics, a Finnish cancer biotech, raised $25m in Series B funding from European Innovation Council Fund, Lifeline Ventures, Finnish Industry Investment and Stephen Industries. Go deeper
🌎 Heura, a Spanish producer of plant-based meats, raised €20m from the European Investment Bank. Go deeper
• Flock Exchange, an exchange for retiring real estate owners, raised $20m in Series B funding. Renegade Partners led, joined by existing investors Andreessen Horowitz, Primary Venture Partners, Susa Ventures, and 1Sharpe. Go deeper
💊 Remedy Plan Therapeutics, a Gaithersburg, Md.-based developer of hyperbolic NAMPT inhibitors, raised $18m from insiders like Schooner Capital and Alexandria Venture Investments. Go deeper
🚑 Complement 1, an NYC-based cancer care startup, raised $16m in seed funding led by Owl Ventures and Blume Ventures. compliment1.com
• FlexPoint, an NYC-based payments platform for managed service providers, raised $12m in Series A funding. Foundry Group led with participation from Haymaker Ventures, Garuda Ventures, Techstars, Far Out Ventures, and Cascade Seed Fund. Go deeper
• Scription Maintenance, a Canadian subscription equipment maintenance startup, raised $7.9m in seed funding led by IA Capital with participation from Markd. Go deeper
• Hyperbots, a Dover, Del.-based finance and accounting startup, raised $6.5m in Series A co-led by Arkam Ventures and Athera Venture Partners. Go deeper
• Blank Beauty, a Knoxville, Tenn.-based beauty customization startup, raised $6m in Series A funding led by Evolution VC Partners, Kirker Enterprises, and Epson. Go deeper
• Nirvana Labs, an NYC-based startup going up against AWS and Google Cloud in Web3, raised a $6m seed extension co-led by Crucible Capital and Jump Crypto. Go deeper
• Pluto Bio, a Denver computational biology startup, raised $3.6m from Kickstart and Silverton Partners. Go deeper
• Plakar, a French open‐source backup and restore platform, raised $3m in pre-seed funding led by Seedcamp. plakar.io
Private Equity
⚡Arclight Capital Partners acquired a 25% interest in natural gas infrastructure company Natural Gas Pipeline Company of America. Go deeper
• Caymus Equity Partners acquired Valley Lighting, a Linthicum Heights, Md.-based lighting and shading business. Go deeper
• Coupa, backed by Thoma Bravo, acquired Cirtuo, an Austrian spend management company. Go deeper
• GIC is taking a minority stake in asset-serving business Citco. Go deeper
⚡️ Saber Power Services, backed by Greenbelt Capital, agreed to acquire inoLECT, a Baton Rouge, La.-based electrical engineering and field services firm. Go deeper
• Silversmith Capital Partners invested in Rentsync, a Canadian provider of rental housing industry software. rentsync.com
🌎 True Environmental, backed by Halle Capital, acquired Padre Associates, a natural resources and geoenvironmental services business. Go deeper
M&A
• Alsea (MX: ALSEA) acquired a 30% stake in Colombia's Starbucks franchise operator from Nutresa (CN: NCH). Go deeper
• Paul Allen's estate put the NBA's Portland Trail Blazers on the market. Go deeper
• Tullow Oil (LSE: TLW) agreed to sell its Gabon operations for $300m in cash to Gabon Oil Co. Go deeper
Debt
💊 Axsome Therapeutics, an NYC-based biotech developing central nervous system disorder treatments, secured a $570m term loan and revolving credit facility from Blackstone. Go deeper
Odds and Ends
🌎 Silfab Solar, a Fort Mill, S.C.-based solar modules maker, sold $110m of Section 45X Advanced Manufacturing Production Tax Credits. Go deeper
Fundraising
• AE Industrial Partners closed its second aerospace leasing fund with $418m. Go deeper
• Blackstone is in talks to raise at least $5.6b for its latest GP stakes fund, per Bloomberg. Go deeper
• Kayne Anderson raised $2.3b for its third energy income fund. Go deeper
• Northleaf Capital Partners raised $2.6b for its latest infrastructure fund. Go deeper
- Ryan Barwick, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Dan Primack, and Aaron Weitzman contributed to this report.
