Illustration: Sarah Grillo/Axios
Venture Capital
• Juniper Square, an SF-based provider of connected fund software for private markets, raised $130m in Series D round funding at a $1.1b valuation. Ribbit Capital led, joined by Fifth Wall, Redpoint Ventures, HighSage Ventures, and Blue Owl Capital. Go deeper
🚑 Nimbus Health, an Atlanta-based virtual pulmonary care provider, raised $12m led by 2048 Ventures, with participation from 8VC and K50. Go deeper
⚡️Voltfang, a German battery storage installer, raised €15m in Series B funding led by Forward.One, joined by Interzero, PT1, Helen Ventures, Daphni, Aurum Impact, Fiege Ventures and Newberry Investments. Go deeper
• Lumion, a Salt Lake City-based operating platform for trade and technical schools, raised $10.7m in seed funding. TTV Capital led, joined by Tusk Venture Partners, CreativeCo Capital, and Nine Four Ventures. joinlumion.com
🌎 Vegdog, a German vegan dog food brand, raised €9m in Series A funding led by the European Circular Bioeconomy Fund and Green Generation Fund, and joined by Select Alternative Investments and SFO. Go deeper
⚡️Vecmocon Technologies, an Indian battery management tech developer, raised $18m in Series A funding led by Ecosystem Integrity Fund, joined by Aavishkaar Capital. Go deeper
• Digger, an SF-based maker of dev tools for infrastructure, raised $3.6m in seed funding led by Initialized Capital, with participation from Olivier Pomel (CEO, Datadog), David Cramer (Co-founder, Sentry), Michael Grinich (CEO, WorkOS), Zeno Rocha (CEO, Resend), Ben Porterfield (Co-founder, Looker), Peter Zaitsev (Co-founder, Percona), Eran Sandler (Co-author, oauth), Oana Olteanu (motiveforce VC), and Palumni VC. Go deeper
⚡️Engrate, a Swedish distributed energy resource management provider, raised €2.5m in seed funding led by Maniv, and joined by Eviny Ventures and Course Corrected. Go deeper
Private Equity
• AE Industrial Partners acquired Air Transport Components, a Gilbert, Ariz.-based provider of aircraft component MRO services. atcphx.com
• Aerial Machine & Tool, an Argosy Private Equity portfolio company, acquired Hazard Protection Systems, an Anchorage, Alaska-based provider of passive fire suppression solutions for military, industrial, and commercial vehicles. aerialmt.com
• Goldman Sachs acquired Danish telematics firm Trackunit from Hg (which retains a minority stake). trackunit.com
• Integris, an OMERS Private Equity portfolio company, acquired TechMD, an Endicott, N.Y.-based managed service provider. integrisit.com
• Paine Schwartz Partners invested in Chex Finer Foods, a Mansfield, Mass.-based food distributor to grocery stores. chexfoods.com
🚑 Welsh, Carson, Anderson & Stowe invested in Constitution Surgery Alliance, an Avon, Conn.-based operator of ambulatory surgery centers. csasurgery.com
Public Listings
• Kilcoy Global Foods, an Australian protein products supplier, filed for a $100m IPO. It reports US$2.2b in revenue for its most recent fiscal year and plans to list on the Nasdaq (KGF). Shareholders include Hosen Capital and Asia Alternatives Management. Go deeper
• Tron, the crypto company from Justin Sun, will go public via reverse merger with SRM Entertainment, a toymaker. The SEC put its case against Sun on hold earlier this year. Go deeper
Liquidity
• DoorDash (Nasdaq: DASH) completed its $1.2b acquisition of Sevenrooms, a New York-based restaurant ordering platform that had raised around $75 million from firms like PSG and Comcast Ventures. Go deeper
M&A
⚡️Mitsubishi Corp. (Tokyo: 8058) is in advanced talks to buy the portfolio assets of Dallas-based energy investment firm Aethon Energy Management for nearly $8b, per Bloomberg. Go deeper
🌎 Yasir Abdul, founder of infomercial company InveTel, is seeking to buy Meati, a Thornton, Colo., plant-based meat producer that's undergoing assignment for the benefit of creditors. Go deeper
• Coty (NYSE: COTY) is weighing a sale of its luxury and consumer divisions in separate pieces, per Women's Wear Daily. Interparfums is said to be interested in its high-end fragrance brands Burberry and Hugo Boss. Go deeper
Fundraising
• Advent International is prepping an APAC-focused fund, per PE International. Go deeper
It's Personnel
• Joseph Cassanelli, former co-head of Lazard's financial institutions group, joined Blackstone Tac Ops as a managing director, per Bloomberg. Go deeper
• Erik Hansen joined Drake Star as a managing director. He previously was with Menalto Advisors. Go deeper
• Rob Rosin joined VC firm Antler as an SF-based partner. He previously was with Defy.vc. Go deeper
Odds & Ends
💊 AstraZeneca, a British-Swedish pharma company, is paying Chinese biotech CSPC Pharmaceutical $110m upfront in a licensing deal to develop oral drugs for chronic disease. Go deeper
🌎 JetZero, a Long Beach, Calif.-based developer of efficient blended-wing aircraft, plans to break ground next year on a nearly $5b manufacturing plant in Greensboro, N.C., targeting commercial production by 2032. Go deeper
⚡️ Critical Metals, an NYC-based miner, received a letter of interest from the U.S. Export-Import Bank to provide up to $120m in financing for a proposed rare earths mining project in Greenland. Go deeper
- Erin Brodwin, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Alan Neuhauser, and Dan Primack contributed to this report.
