Illustration: Brendan Lynch/Axios
Venture Capital
• Tacta Systems, a Palo Alto-based developer of robotics software for delicate tasks, raised $64m in Series A funding. America's Frontier Fund and SBVA led, joined by Matter Venture Partners, and B Capital. tactasystems.com
🚑 Handspring, a NY-based virtual mental health therapy provider, raised $12m in Series A funding. Cobalt Ventures led, joined by NextView Ventures, nvp capital, 25madison, Arkitekt Ventures, VamosVentures, Hyde Park Angels, and Cornucopian Capital. Go deeper
• Klutch, a Seattle-based maker of AI agents for construction, raised $8m in seed funding led by Bling Capital and Bain Capital Ventures. Go deeper
• PoliCloud, a French cloud infrastructure startup, raised €7.5m in seed funding. Global Ventures led, joined by MI8, OneRagtime, Inria, and France's National Institute for Research in Digital Science & Technology. Go deeper
• Claira, a New York-based deal intelligence platform, raised $7m led by Barclays, Citi, and Reimagine Tech Ventures, with participation from Activant Capital, KDX, OPCO Ventures, and Glezbeck Ventures. Go deeper
• Foresight, a New York City-based private market data provider, raised $5.5m in seed funding led by NEA with participation from KDX Ventures. Go deeper
• Jarsy, an SF-based digital investment platform, raised $5m in pre-seed funding led by Breyer Capital, with participation from Karman Ventures. Go deeper
🚑 CalmWave, a Seattle-based provider of tools to reduce hospital alarm fatigue, raised $4.4m from insiders Third Prime, Bonfire Ventures, Catalyst by Wellstar, and Silver Circle. calmwave.ai
⚡ Nascent Materials, a Newark, N.J.-based battery materials startup, raised $2.3m in seed funding. SOSV led, joined by The New Jersey Innovation Evergreen Fund and UM6P Ventures. Go deeper
Private Equity
• Argano, a portfolio company of Trinity Hunt Partners, acquired Minneapolis-based Twelve Consulting Group. argano.com
• Bregal Sagemount invested in Extra Duty Solutions, a provider of off-duty program administration services and scheduling software to law enforcement and public safety agencies. extradutysolutions.com
• STG agreed to acquire Movable Ink, a NY-based personalized content platform that raised around $100m from firms like Contour Venture Partners, Silver Lake, Intel Capital, Dunnhumby Ventures, Celtic House Venture Partners, Ventured Synergy, and Stage 1 Ventures. Go deeper
• Volo Sports, a Bluestone Equity Partners portfolio company, agreed to buy ZogSports, a rival recreational league organizing platform. Go deeper
Liquidity
• Capchase acquired Vartana, an SF-based vendor financing platform whose investors include Mayfield, Xerox Ventures, Flex Capital and Audacious Ventures. Go deeper
• HIG Capital is seeking to sell Interpath, the former KPMG restructuring and advisory business, for about £800m, per the FT. Go deeper
• Meta (Nasdaq: META) reportedly is in talks to acquire PlayAI, a Palo Alto, Calif.-based voice replication startup, backed by Kindred Ventures, YC, and 500 Global. Go deeper
⚡ Ontario Teachers' Pension Plan and PSP Investments shelved the auction of London renewables operator Cubico, per Reuters. Go deeper
• Wynnchurch Capital agreed to sell Northstar Aerospace, a Bedford Park, Ill.-based maker of parts for military and commercial aircraft, to GE Aerospace (NYSE: GE). nsaero.com
M&A
• Revolut, most recently valued at $45b in the private markets, agreed to acquire small Argentinian lender Banco Cetelem from BNP Paribas (Paris: BNP). Go deeper
Fundraising
• Kiara Capital of Miami held a first close for its inaugural fund, targeting $30m to back B2B fintech startups operating in Latin America. Go deeper
- Ryan Barwick, Natalie Breymeyer, Erin Brodwin, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Alan Neuhauser, and Dan Primack contributed to this report.
