Illustration: Sarah Grillo/Axios
Venture Capital
• MaintainX, an SF-based asset management platform, raised $150m in Series D funding from Bessemer Venture Partners, Bain Capital Ventures, D.E. Shaw Ventures, Amity Ventures, August Capital, Founders Circle Capital, Sozo Ventures, and Fifth Down Capital. Go deeper
• ServiceUp, a Los Gatos, Calif.-based vehicle repair management platform, raised $55m in Series B funding led by PeakSpan Capital, with participation from Hearst Ventures, Trestle Partners, Capital Midwest Fund and Litquidity Ventures. Go deeper
• Inshur, a Phoenix-based on-demand insurer, raised $35m led by Trinity Capital. Go deeper
⚡ Unblock, an Argentinian energy infrastructure company, raised $13.5m led by Goldcrest Capital and Collaborative Fund, with participation from Pampa Energia, Grupo Sielecki, FJ Labs, NYDIG, Luxor Technology, and Sunna Ventures. Go deeper
• Augmentus, a Singaporean no-code robotics automation company, raised $11m in Series A+ funding. Woori VP led, joined by EDBI, Sierra Ventures, and Cocoon Capital. Go deeper
• AirMDR, a Menlo Park, Calif.-based managed detection and response startup, added $10.5m to its initial $5m June seed round. Race Capital led, joined by Foundation Capital and Storm Ventures. Go deeper
• Ryft, an Israeli data infrastructure startup, raised $8m in seed funding. Index Ventures led, joined by Bessemer Venture Partners. Go deeper
• Welli, a Colombian medical credit platform, raised $8m in Series A funding from Costanoa Ventures, Animo VC, and Crestone. welli.com.co
• Layer, an SF-based embedded accounting platform, raised $6.6m in seed funding led by Emergence Capital, with participation from Better Tomorrow Ventures. Go deeper
• Circuit, an NYC-based digital asset recovery platform, raised $4.5m in seed funding led by Nyca Partners, with participation from Soma Capital, New Form Capital, The Venture Dept, Silicon Badia, Druid Ventures, and Belvedere Strategic Capital. Go deeper
• ZeroEntropy, an AI search infrastructure startup, raised $4.2m in seed funding led by Initialized Capital, with participation from YC, Transpose Platform and 22 Ventures. Go deeper
• Yplasma, a Newark, N.J.-based developer of plasma actuators for data center cooling, raised $2.5m in seed funding. Faber led, joined by SOSV. Go deeper
Private equity
• Aquiline Capital Partners hired Goldman Sachs to pursue a potential sale of Quicken, the personal software maker, for over $1.5b. Go deeper
• Monogram Capital Partners reacquired meat snack maker Western Smokehouse Partners from AUA Private Equity. wspartners.com
🌎 Stonepeak agreed to acquire a 50% stake in IFCO, a German provider of reusable packaging for fresh foods, from ADIA. It will share control with Triton. ifco.com
• Valor Exterior Partners, a portfolio company of Osceola Capital, acquired Kirkin Exteriors, a New Castle, Del.-based provider of residential roofing and other exterior home services. valorexteriorpartners.com
M&A
• Monad Foundation acquired embedded stablecoin wallet platform developer Portal Labs. Go deeper
⚡ EnergyX, a Puerto Rico-based lithium developer backed by GM, plans to acquire a 35,000-acre lithium deposit in the Smackover formation for $26m from Australian firm Pantera Lithium. Go deeper
• OpenAI completed its $6.5b acquisition of io Products, the hardware company from former Apple designer Jony Ive. Go deeper
Public Offerings
• Globa Terra Acquisition, an agribusiness and water SPAC led by Agustin Tristan Aldave (Lexington Capital), raised $152m in its IPO. Go deeper
Fundraising
• Levine Leichtman Capital Partners raised $3.6b for its seventh flagship fund. llcp.com
🌎 Sandbrook Capital is raising a second climate infrastructure fund, per an SEC filing. Go deeper
• Wndrco is raising a $500 million venture capital fund, per an SEC filing. Go deeper
It's Personnel
• Lawson Gow has joined Greentown Labs as its head of Houston. Gow was previously founder of The Cannon and managing partner with Helium Capital. Go deeper
• Updata Partners promoted Ryan Brady to principal and head of value creation. Go deeper
- Ryan Barwick, Natalie Breymeyer, Erin Brodwin, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, George Moriarty, and Dan Primack contributed to this report.
