Illustration: Maura Losch/Axios
Venture Capital
• Gravitee, an API management startup, raised $60m in Series C funding. Sixth Street Growth led, joined by Riverside Acceleration Capital and AlbionVC. Go deeper
💊 PHASE Scientific, a Hong Kong-based urine diagnostics biotech, raised a $34m Series A led by Value Partners Group. Go deeper
• Blues, a Boston-based IoT connectivity firm, raised $25m led by Sequoia Capital. Go deeper
• Keep, a Canadian small business banking startup, raised $24m led by Tribe Capital. Go deeper
• Sweep, a New York-based agentic workspace for business systems, raised $22.5m in Series B funding led by Insight Partners with participation from fellow insider Bessemer Venture Partners. Go deeper
• Lendflow, an Austin, Texas-based embedded credit infrastructure provider, raised $15m from Trinity Capital. Go deeper
🚑 Reperio Health, a Portland, Ore.-based home health screening startup, raised $14m led by Caduceus Capital. Go deeper
• Barndoor AI, a New York-based enterprise AI governance startup, raised $13.6m in seed funding led by Crosslink Capital, with participation from Preface Ventures, Precursor Ventures, and Gaingels. Go deeper
• True Markets, a DeFi trading platform, raised $11m in Series A funding co-led by Accomplice and RRE Ventures, with participation from Reciprocal Ventures, Variant Fund, and PayPal Ventures. Go deeper
• Seeds, a New York-based personalized investment startup, raised $10m in Series A funding led by Portage. useseeds.com
🚑 Rad AI, an SF-based radiology AI startup, raised $8m from Advocate Health, Memorial Hermann Health System, Corewell Health, and Atlantic Health System. Go deeper
• XP, a Solana-based ticketing platform, raised $6.2m in seed funding led by Blockchange, with participation from L1D and Reflexive. Go deeper
• Ontik, a British provider of B2B trade credit automation, raised $3.7m in seed funding led by Firstminute Capital. Go deeper
Private Equity
• Bain Capital led a $2.1b investment in Acrisure, a Grand Rapids, Mich.-based insurance broker, valuing it at $32b. Go deeper
• Blackstone is the frontrunner to buy Indian revenue cycle management provider AGS Health from EQT for at least $1b, per Bloomberg. Go deeper
• Alba Wheels Up, a Southfield Capital portfolio company, acquired The Perishable Specialist, a Doral, Fla.-based provider of produce logistics. albawheelsup.com
• EQT offered to inject €220m into its French portfolio company Colisée as part of a proposed debt restructuring. Go deeper
• Textainer, a Stonepeak portfolio company, agreed to acquire Global Sea Containers from Bohai Leasing for $1.75b. textainer.com
Liquidity
• BC Partners is weighing the sale of a minority stake in British insurance services firm Davies Group, after talks to sell the entire company failed, per Bloomberg. Go deeper
M&A
• Intel is considering divesting its network and edge businesses, per Reuters. Go deeper
Fundraising
• Dementia Discovery Fund, managed by SV Health Investors, raised $269m for its second VC fund focused on dementia therapies. Go deeper
• Invictus Growth Partners, a lower mid-market growth buyout firm, raised $574m for its second fund. Go deeper
• South Loop Ventures of Houston raised $21m for its debut fund. LPs included Rice Management Co. and Chevron Technology Ventures. Go deeper
Odds and ends
💊 RegenXBio, a Rockville, Md.-based biotech company, closed a non-dilutive, limited recourse royalty bond agreement worth up to $250m with Healthcare Royalty to monetize gene therapies. Go deeper
⚡ Clarios, a Brookfield-owned battery maker and recycler based in Glendale, Wis., says it plans to invest $1b into a minerals processing and recovery plant in the U.S. Go deeper
Debt
⚡ Ameresco, an energy developer based in Framingham, Mass, is raising $78m in debt through a note purchase and another planned $300m through a private shelf facility to finance grid battery projects. Go deeper
It's personnel
• Katherine Taylor joined Crayhill Capital Management as a managing director and head of marketing and IR. She previously was with First Eagle Alternative Credit. crayhill.com
