Illustration: Allie Carl/Axios
Venture Capital
🌎 ZeroAvia, a hydrogen aviation startup, is raising $150m, per Bloomberg. Go deeper
🚑 Akido Labs, developer of an AI assistant for doctors, raised $60m in Series B funding. Oak HC/FT led, joined by Greco, SNR, YC, Future Communities Capital, Jeff Dean, and the Comprehensive Blood & Cancer Center. Go deeper
💊 Alpheus Medical, a Chanhassen, Minn.-based developer of sonodynamic therapy for treating solid body cancers, raised $52m in Series B funding. HealthQuest Capital and Samsara BioCapital co-led, joined by OrbiMed, Action Potential VC, BrightEdge, the Brain Tumor Investment Fund, and Sontag Innovation Fund. alpheusmedical.com
🚑 Sprinter Health, a Menlo Park, Calif.-based provider of at-home health services, raised $55m in Series B funding. General Catalyst led, joined by a16z, UC Regents, GV, and Accel. Go deeper
• Arkestro, an SF-based enterprise procurement platform, raised $36m co-led by Altira Group and Aramco Ventures, with participation from insiders NEA, KDT and Activant. Go deeper
• Cognichip, an SF-based startup using genAI to develop new chips, raised $33m in seed funding led by Lux Capital and Mayfield, with participation from FPV and Candou Ventures. Go deeper
🌎 Solestial, a Tempe, Ariz.-based space solar business, raised $17m in Series A funding round led by AE Ventures, with participation from Crosscut Ventures, Zeon Ventures, and Mitsubishi Electric. Go deeper
• Doji, a clothing try-on app, raised $14m in seed funding. Thrive Capital led, joined by Seven Seven Six Ventures. Go deeper
• Tern, a back-office platform for travel agencies, raises $13m in Series A funding. Viewpoint Ventures led, joined by insider Upfront Ventures. tern.travel
• Prediction Guard, a Lafayette, Ind.-based data privacy platform for AI, raised $3.7m in seed funding. Sovereign's Capital led, joined by Blu Ventures, Noblis Ventures, WaterStone Impact Fund, Ringbolt Capital, and M25 Ventures. predictionguard.com
• Plakar, a Paris-based open-source backup and restore platform, raised $3m in pre-seed funding led by Seedcamp. HelloWorld, IrregularExpression, Galion.exe, Kima Ventures, and OPRTRS participated. Go deeper
• Pronto, a platform for booking laundry and other domestic services, raised $2m in seed funding led by Bain Capital Ventures. Go deeper
Private Equity
• MediaMint, backed by Everstone Capital and Recognize Partners, acquired DataBeat, a Hyderabad, India-based data engineering and analytics firm. Go deeper
Liquidity
• Thoma Bravo sold its remaining 7.4% stake in Nasdaq (Nasdaq: NDAQ) for around $3.4b, per Bloomberg. Go deeper
M&A
• Acorns, an Irvine, Calif.-based savings and investment app valued by VCs at $1.8b, acquired EarlyBird, an investment gifting app for families. Go deeper
• The San Francisco 49ers are selling a 6% stake at an $8.5b valuation, which would be an all-time record for a pro sports franchise, per Bloomberg. The buyers are venture capitalists Vinod Khosla (Khosla Ventures), Byron Deeter (Bessemer Venture Partners), and Will Griffith (Iconiq). Go deeper
Debt
âš¡ Solar Landscape, an Asbury Park, N.J.-based commercial solar developer, raised $175m in a debt facility from PGIM Private Capital. Go deeper
Fundraising
• Blue Owl Capital raised $7b for its third digital infrastructure fund. Go deeper
• Firebrand Ventures raised $40m for The Hill Fund, focused on Kansas University-connected startups. Go deeper
- Ryan Barwick, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Chris Metinko, Dan Primack, and Aaron Weitzman contributed to this report.
