Illustration: Shoshana Gordon/Axios
Venture capital
• Anysphere, an AI coding assistant, raised $900m at a $9.9b valuation. Thrive Capital led the round, joined by Andreessen Horowitz, Accel and DST Global. Go deeper
💊 Allay Therapeutics, a San Jose, Calif.-based developer of analgesic pain relief products, raised $57.5m in a Series D led by Lightstone Ventures and ClavystBio. Go deeper
💊 Qure Biotechnology, a Chinese developer of antibodies and protein therapeutics company, raised $14m in a Series C1 led exclusively by Efung Capital. qurebio.com
• Flank, a German AI legal agent, raised a $10m round led by Insight Partners, with participation from Gradient Ventures, 10x Founders and HV Capital. Go deeper
🌎 Great Northern Salmon, a Cape Elizabeth, Maine-based sustainable salmon producer, raised $8m toward a targeted $14m, per an SEC filing. Go deeper
🌎 Chemfinity Technologies, a Brooklyn, N.Y.-based sustainable materials developer, raised $7m, per an SEC filing. Go deeper
🌎 Cala Systems, a Somerville, Mass.-based developer of smart heat-pump water heaters, raised $4.8m toward a targeted $7m, per an SEC filing. Go deeper
⚡️ Swtch Energy, a Canadian EV charging provider for multi-unit buildings, added $4m from Constellation Technology Ventures to the $27.2m Series B it raised last year. Go deeper
🌎 Seascape Aquatech, an East Hampton, N.Y.-based developer of robotic shellfish farming tech, is raising $2.5m, per an SEC filing. Go deeper
⚡️ HData, a Birmingham, Ala.-based software developer for combing grid regulator filings, raised $2.1m toward a targeted $4.5m, per an SEC filing. Go deeper
🌎 Voltrac, a Spanish electric autonomous tractor developer, raised €2m from FoodLabs and Antler. Go deeper
🌎 FarmSense, a Riverside, Calif.-based pest-monitoring tech developer, raised $1.7m, per an SEC filing. Go deeper
🌎 FortressFire, a San Mateo, Calif.-based wildfire data and monitoring startup, is raising $1.5m, per an SEC filing. Go deeper
⚡️Twindo, a Dutch renewable energy software developer, raised €1m led by Volve Capital, joined by Rockstart Energy Fund and INH. Go deeper
Debt
💊 Elicio Therapeutics, a Boston clinical-stage biotech developing immunotherapies for cancer, took a $10m senior secured promissory note from existing investor GKCC to support operations into the first quarter of 2026. Go deeper
Public markets
⚡Wallbox, a Spanish EV charging company, raised $15m through two private placements from the Government of Spain, Inversiones Financieras Perseo, Orilla Asset Management, and Wallbox CEO and co-founder Enric Asunción. Go deeper
Odds & ends
🌎 SF-based Wildtype received FDA approval to begin selling its lab-grown salmon, the first time cultivated seafood has received such approval, and the third for lab-grown protein. Go deeper
🌎 Bel Group, the French cheesemaker whose products include Baby Bel, is discontinuing its plant-based cheese brand Nurishh. Go deeper
