Illustration: Rebecca Zisser/Axios
Venture Capital
💊 Grin Therapeutics, a Blackstone-backed neurodevelopmental biotech, raised $140m in a Series D from Blackstone and Angelini Industries. Go deeper
• Amplitude Studios, a French gaming studio, raised €12m in Series A funding led by Griffin Gaming Partners, with participation from Bpifrance. Go deeper
• Sequence, an Israeli financial management platform for consumers and small businesses, raised $7.5m. Aleph and Emerge co-led, joined by Yasmin Lukatz and ICON. Go deeper
🚑 Brooklyn Health, an NYC-based provider of mental health assessment tools, raised $6.5m in seed funding. HealthX led, joined by Metrodora Ventures, Story Ventures, RiverPark Ventures, Laconia Capital, Everywhere Ventures, Hypothesis Studio, and Blue Falcon Capital. Go deeper
• Unibeam, an Israeli developer of SIM-based authentication solutions, raised $6m in seed funding led by NFX. unibeam.com
• Frinks AI, a Bangalore, India-based quality control system for manufacturers, raised $5.4m pre-Series A funding led by Prime Venture Partners. Go deeper
• Asigna, a multi-signature vault operator for Bitcoin, raised $3m co-led by Hivemind Capital and Tykhe Block Ventures. Go deeper
🚑 Alba Health, a European gut health startup for children, raised $2.5m led by Unconventional Ventures. Go deeper
🌎 Norwegian Mycelium, a Norwegian fungi fermentation startup, raised €1.3m led by Nippon Beet Sugar Manufacturing, joined by TD Veen, EIT Food, and Farvatn. Go deeper
Private Equity
🚑 Hologic (Nasdaq: HOLX) rejected an unsolicited $16b buyout offer from Blackstone and TPG, per the FT. Go deeper
🚑 Alongside, backed by Fletch Equity and NewSpring, acquired San Diego ABA, a provider of autism services in the San Diego region. Go deeper
🌎 Aventia, a Lakewood, Colo.-based environmental consultancy backed by Bernhard Capital, acquired Habitat Management, a Colorado-based natural resource management and ecological consulting firm. Go deeper
Fundraising
• Cathay Innovation of Paris raised $1b for its third fund, which will focus on AI investments. cathayinnovation.com
• RCP Advisors of Chicago raised $313m for its 14th fund-of-funds. rcpadvisors.com
It's personnel
• Mark Hantho is joining Bow River Capital as executive chairman. He previously was Citi's vice chair of banking, capital markets, and advisory. Go deeper
• Hongjie Hu joined Novo Holdings as a partner focused on growth investments. He previously was managing partner of health care at Cathay Capital. Go deeper
⚡️Bill Larkins was appointed CTO of AiGent, a Houston-based distributed power plant developer. Go deeper
Odds & Ends
• Biogen will pay City Therapeutics $16m upfront and invest another $30m in convertible notes in a research collaboration deal worth up to $1b to develop RNAi drugs. Go deeper
🌎 Plagazi, a Swedish waste-to-hydrogen developer, received a €29.5m grant from the EU Innovation Fund. Go deeper
