Axios
Venture Capital
⚡Standard Nuclear, an Oak Ridge, Tenn.-based nuclear fuel startup, raised $42m. Decisive Point led, joined by a16z, Washington Harbour Partners, Welara, Fundomo, and Crucible Capital. Go deeper
• OneBalance, a British cross-chain UX infrastructure startup, raised $20m in Series A funding. Cyber•Fund and Blockchain Capital co-led, joined by Mirana Ventures and L2IV. Go deeper
• Outset, an SF-based AI for market research interviews, raised $17m in Series A funding. 8VC led, joined by Future Back Ventures and Bain & Co. Go deeper
• Aethero, a defense-focused space computing startup, raised $8.4m led by Kindred Ventures, with participation from Neo, Giant Step, O'Shaughnessy Ventures, and Alumni Ventures. Go deeper
• Sauz, an LA-based tomato sauce brand, raised $12m. CAVU Consumer Partners led, joined by Coefficient Capital, Palm Tree Crew and Strand Equity. Go deeper
• Try Your Best, a digital rewards platform for brands, raised $11m in Series A funding. Offline Ventures and Strobe Ventures (fka Blocktower VC) co-led, joined by Coinbase Ventures, Castle Island Ventures, and Unusual Ventures.
• Bolo AI, a developer of AI tools for heavy industry, raised $8.1m in seed funding. True Ventures led, joined by Benchstrength, Accomplice, J Ventures, and Beat Ventures.Go deeper
🚑 OrisDX, a University of Chicago spinout that developed a saliva test for detecting oral cancers, raised $4m. Revere Partners led, joined by CareQuest Innovation Partners. www.orisdx.com
🚑 Lembas, an Israeli food-as-medicine startup, raised $3.6m in pre-seed funding. Flora Ventures led, joined by Bluestein Ventures, Fresh Fund, Longevity Venture Partners, Maia Ventures, Siddhi Capital, Mandi Ventures, and SDH. Go deeper
🚑 Perci Health, a British virtual cancer clinic, raised £3m from Guinness Ventures, Conduit Fund, and Octopus Ventures. Go deeper
Private Equity
• Advent International is in exclusive talks to acquire Essential Home, the consumer goods unit of Reckitt (LSE: RKT), per Reuters. Underlying assets include Air Wick fresheners. Go deeper
🚑 Conquest Research, a portfolio company of Reynolda Equity Partners, acquired Sana Research, an Arlington, Va., clinical trials firm focused on neurologic, cardiovascular, and metabolic diseases. www.conquestresearch.com
🚑 Great Point Partners acquired a majority stake in Eutecma, a German maker of temp-controlled pharma packaging. Go deeper
Liquidity
• Brookfield picked BNP Paribas and UBS to manage a sale of French towers business TDF Infrastructure, which could fetch around €10b (including debt), per Bloomberg. Go deeper
• Securonix, a security analytics and operations management platform whose backers include Vista Equity Partners, acquired ThreatQuotient, an Ashburn, Va.-based threat intelligence startup that's raised around $85m from firms like NEA and Adams Street Partners. Go deeper
• Stripe agreed to acquire crypto wallet startup Privy, which has raised over $40m from firms like Ribbit Capital, Coinbase Ventures, Definition, Sequoia Capital, and Paradigm. Go deeper
Odds & Ends
⚡Fervo Energy, a Houston-based geothermal startup, raised $206m, including $100m of project-level preferred equity from Breakthrough Energy Catalyst, $60m in a corporate term loan facility from Mercuria, and $45.6m in bridge debt financing from an affiliate of X-Caliber Rural Capital. Go deeper
It's Personnel
• Karina Lubell, the DOJ antitrust unit's former chief of competition policy and advocacy, is joining Brunswick Group as a Washington, D.C.-based partner. Go deeper
