Illustration: Shoshana Gordon/Axios
Venture Capital
• Teamworks, a Durham, N.C.-based sports software startup, raised $235m in Series F funding led by Dragoneer at a pre-money valuation north of $1b. It's a mix of primary and secondary capital. Go deeper
• Eigen Labs, a Seattle-based Ethereum restaking platform, raised $70m through a token sale led by a16z. Go deeper
🚑 HOPPR, a Chicago-based medical imaging startup, raised $31.5m in Series A funding. Kivu and Greycroft led, joined by PSG Equity, Morningside Capital, Fortitude Ventures, and Health 2047. hoppr.ai
🚑 Materna Medical, a Mountain View, Calif.-based women's pelvic health company, raised $20m in Series B2 funding from GLIN Impact Capital, Wealthing VC Club, and Citrine Angels. Go deeper
• Extend, an SF-based document processing platform, raised $17m in seed and Series A funding. Innovation Endeavors led, joined by YC, Homebrew, and Character. Go deeper
• PrismaX, an SF-based robotics intelligence platform, raised $11m in seed funding. a16z led, joined by Stanford Blockchain Builder Fund, Symbolic, Volt Capital, and Virtuals Protocol. Go deeper
• Ubyx, an NYC-based stablecoin clearing platform, raised $10m in seed funding. Galaxy Ventures led, joined by Coinbase Ventures, Founders Fund, VanEck, Mirana Ventures, LayerZero, Paxos, Boku, Payoneer, and Monerium. Go deeper
• Root, a new social media platform, raised $9m in seed funding led by Headline Ventures and Konvoy Ventures. rootapp.com
• Diskover, a Reno, Nev., unstructured data management startup, raised $7.5m in seed funding from Park Capital Partners, The Hive, Snowflake Ventures, and NetApp. It also acquired data intelligence and orchestration platform company CloudSoda. Go deeper
🚑 Quilt Health, a Boston-based clinical trial optimization software company, raised $6m in seed funding led by MaC Venture Capital and Underscore Ventures and joined by Meridian Street Capital, BoxGroup, Watershed VC and Coalition Operators. quilthealth.com
• Other Half, a Chicago-based pet wellness brand, raised $3m in seed funding. Willow Growth led, joined by Habitat Ventures and Chicago Pacific Founders. Go deeper
Private Equity
• DÔEN, a California apparel brand projecting over $100m in revenue this year, raised growth equity from Silas Capital. Go deeper
• Lee Equity Partners acquired a majority stake in U.K. financial consultancy Shackleton Advisers from Sovereign Capital Partners. Go deeper
• SolomonEdwards, a Renovus Capital Partners portfolio company, acquired Pencek Advisors, a consultancy focused on PE portfolio company transformation. solomonedwards.com
M&A
• Daimler Truck and Toyota finalized plans to merge their commercial truck subsidiaries, Mitsubishi Fuso and Hino Motors. Go deeper
• Sabadell (Madrid: SAB) is exploring a sale of British bank TSB, per the FT. Go deeper
• Motive, an SF-based fleet software provider, acquired battery software startup InceptEV. Go deeper
Fundraising
• Aurelius raised over 800m euros for its newest fund. Go deeper
⚡ Post Oak Energy Capital raised $600m for its fifth fund. Go deeper
It's Personnel
• Luca de Meo is stepping down as CEO of French automaker Renault Group to become CEO of Kering. Go deeper
• Priya Prasad was named interim CEO of Syra Health following former CEO Deepika Vuppalanchi's termination. Go deeper
🚑 Sheila Tran was appointed chief communications officer at Maven Clinic. Also, Katie Rooney was named CFO. Go deeper
• Marty Neese joined Ballard Systems as CEO. He previously was CEO of Verdagy. Go deeper
• Rahul Bammi is being promoted to the CEO of Verdagy. Bammi was previously Verdagy's president. Go deeper
Odds & ends
• Budderfly, a Shelton, Conn.-based startup upgrading commercial buildings, raised $100m in debt financing from Nuveen. Go deeper
🌎 ZeroAvia, a Hollister, Calif.-based hydrogen-electric aircraft developer, received a £10.8m grant from the U.K. government to develop a liquid hydrogen management system. Go deeper
- Erin Brodwin, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Alan Neuhauser, and Dan Primack contributed to this report.
