Illustration: Sarah Grillo/Axios
Venture Capital
• Kalshi, a New York-based predictions market, raised $185m at a $2b valuation led by Paradigm. Go deeper
• Centific, a Seattle-based AI data foundry, raised $60m in Series A funding led by Granite Asia. Go deeper
💊 Mandolin, an AI automation platform for specialty drug access, raised $40m from Greylock, SignalFire, SV Angel, and Maverick. Go deeper
• Zama, a French cryptography startup, raised $57m in Series B funding led by Pantera Capital and Blockchange Ventures at a valuation north of $1b Go deeper
💊 Centivax, a San Francisco universal flu vaccine maker, raised $45m, per StatNews. Go deeper
🚑 Jaan Health, a Cincinnati-based patient engagement software startup, raised $25m from Level Structured Capital. Go deeper
• Eventual, an SF-based AI data platform, raised $20m in Series A funding. Felicis led, joined by M12 Ventures, Citi, and insider CRV. eventual.ai
• AllSpice.io, an SF-based collaboration platform for electronics teams, raised $15m in Series A funding led by Rethink Impact, joined by L'attidude Ventures, GingerBread Capital, and DNX Ventures. Go deeper
• Clarify, a Seattle-based autonomous CRM, raised $15m in Series A funding led by USVP and Gradient, with participation from Madrona, Recall, Ascend, Essence, New Normal Fund, and Fika. clarify.ai
⚡Ignis Energy, a Houston-based geothermal startup, raised $13.6m in Series A funding from Nabors Industries, The Twynam Group, and Geolog. Go deeper
• Qunnect, a Brooklyn-based startup deploying quantum entanglement-based protocols over commercial fiber, raised $10m in Series A extension funding led by Airbus Ventures, with participation from Cisco Investments and Quantonation. Go deeper
Private Equity
• Bow River Capital acquired Topia, a San Mateo, Calif.-based distributed workforce compliance company. topia.com
• Foundation Source, a philanthropic solutions provider owned by GTCR, acquired Pacific Foundation Services, an SF-based foundation management organization. foundationsource.com
• Sound Growth Partners recapitalized BARS, a Lakewood, Colo.-based provider of in-store ID check compliance services. Go deeper
• STG agreed to acquire Yodlee, a Raleigh, N.C.-based finance data platform, from Bain Capital portfolio company Envestnet. Go deeper
Liquidity
• Wolters Kluwer Legal & Regulatory acquired Brightflag, a provider of legal spend and matter management software, for €425m in cash, from backers like Tribal.vc and Sands Capital. Go deeper
Public Offerings
• Oxley Bridge Acquisition, a consumer and tech SPAC led by Jonathan Lin (L2 Capital), raised $220m in its IPO. Go deeper
M&A
• Best Buy (NYSE: BBY) sold British remote care management platform Current Health to Current cofounder Chris McGhee, four years after its acquisition. Go deeper
• Oliver Wyman, a Marsh McLennan (NYSE: MMC)-owned consultancy, agreed to acquire Validate Health, a Chicago-based health care analytics business. oliverwyman.com
Odds & Ends
💊 Gilead (Nasdaq: GILD), a Foster City, Calif.-based biopharma company, agreed to pay up to $750m to Boston-area biotech Kymera Therapeutics (Nasdaq KYMR) to develop breast cancer treatments. Go deeper
