Illustration: Brendan Lynch/Axios
Venture Capital
• Vanta, an SF-based compliance automation platform, raised $150m at a $4.15b valuation in funding led by Wellington Management, with participation from GS Alternatives, Sequoia Capital, JPMorgan and Craft Ventures. Go deeper
🚑 Aidoc, a NYC-based developer of clinical decision support tools, raised $110m. General Catalyst and Square Peg led, joined by NVentures and Sutter Health, Hartford, Mercy and WellSpan. It also received a $40m revolving credit facility. aidoc.com
• Reka, a Sunnyvale, Calif.-based multi-modal model builder, raised $110m from investors including Snowflake and Nvidia. reka.ai
• Swift Navigation, an SF-based robotics and autonomous vehicle positioning company, raised $50m in Series E funding led by Crosslink Capital, with participation from NEA, Eclipse Ventures, EPIQ Capital Group, First Round Capital, TELUS Global Ventures, and Potentum Partners. Go deeper
• BetterComp, an SF-based compensation management platform, raised $33m in funding from Ten Coves Capital. Go deeper
🚑 Respiree, a Singapore and Texas-based developer of disease progression management tools, raised $11.6m in Series A funding. We Venture Capital and ClavystBio led, joined by Adaptive Capital Partners, Greenwillow Capital Management, Seeds Capital, and she1K angel investment. The raise also included a conversion of note securities from Mayo Clinic's Mayo Foundation for Medical Research. respiree.com
• Hypernatural, a New York-based AI video creator, raised $9.2m in two rounds. AIX Ventures and Underscore VC each led one, with participation from Adverb, Character.vc and 43 VC. Go deeper
🌍 Mara Renewables, a Nova Scotia maker of fish-free omega-3s derived from algae, raised $9.1 million from S2G Investments. Go deeper
🚑 Bitfount, a British provider of clinical research collaboration tools, raised $8m in Series A funding from Parkwalk Advisors, Ahren Innovation Capital, Pace Ventures, Foresight Group, and Portfolio Ventures. Go deeper
• Freename, a Swiss domain registrar bridging DNS and blockchain, raised $6.5m in Series A funding led by Entrée Capital, with participation from Polymorphic Capital, Sparkle Ventures, Blockchain Founders Fund and Golden Record Ventures. Go deeper
• Relativity Networks, an Orlando-based fiber-optic startup, raised a $6.1m seed round from investors including Prysmian and GOVO Venture Partners. Go deeper
• Olto, an SF-based b2b sales product demo automation company, raised $5.1m in pre-seed funding co-led by Nexus Venture Partners and The General Partnership, with participation from Afore Capital, Recall Capital, Ligature and FirstHand. Go deeper
• Gixel, a German developer of optical displays for AI/AR glasses, raised €5m in seed funding from investors including SPRIND and LEA Partners. Go deeper
• Win-Win, a British company making cocoa-free chocolate, raised £3m in Series A funding from the Oetker Collection, FoodLabs, Mustard Seed Maze, Gota Ventures, Paulig and Kapital. Go deeper
• Credibur, a German SaaS platform automating debt facilities, raised $2.2m in pre-seed funding led by Redstone, with participation from MS&AD Ventures and Inovia. Go deeper
• Starseer, a Knoxville, Tenn.-based AI exposure management and compliance company, raised $2m in seed funding led by Gula Tech Adventures. Go deeper
• Mariana Minerals, a San Francisco-based minerals AI startup, says it's raised a Series A led by a16z and including Breakthrough Energy Ventures and Khosla Ventures. Go deeper
• Gupshup, an India-based conversational AI company, raised more than $60m in funding. The round was a mix of equity and debt financing, and included participation from Globespan Capital Partners and EvolutionX Debt Capital. Go deeper
Private Equity
• Azimut Group agreed to acquire North Square Investments, a Chicago-based asset manager. Go deeper
• Brookfield Asset Management led the equity investment in 5C Group, a Montreal-based AI infrastructure and data center firm, as part of a $835m capital raise. The funding also involves debt backing from Deutsche Bank. Go deeper
• GovCIO, backed by Welsh, Carson, Anderson & Stowe Company, agreed to acquire SoldierPoint Digital Health, a maker of digital health solutions for veterans, from Iron Bow Technologies. Go deeper
• Private Equity at Goldman Sachs Alternatives made a majority investment in Mace Consult, an infrastructure advisory, via carve-out from Mace Group. Go deeper
• TA Associates acquired KX, a real-time analytics company in capital markets, aerospace & defense, and high-tech manufacturing. It also acquired a majority stake in FD Technologies, KX parent company. Go deeper
Public Offerings
• Innovative Rocket Technologies, a New York-based reusable rocket company, has agreed to go public via merger with Wilbur Ross' BPGC Acquisition — a SPAC. The deal values it at $400m. iRocket is backed by Village Global. Go deeper
M&A
• Corpay (NYSE: CPAY), an Atlanta-based payments firm, agreed to acquire U.K. financial services provider Alpha Group (London: ALPH) for $2.2b in cash. Go deeper
• Exxon (NYSE: XOM) is reportedly interested in seven deepwater blocks off the coast of Trinidad and Tobago, per Reuters. The blocks are north of the Staebroek block that Exxon was recently in a legal fight with Chevron over. Go deeper
• Hub Group, an Oak Brook, Ill.-based carrier, acquired the temperature-controlled intermodal unit of Marten Transport for $51.8m in cash. Go deeper
• Sony is exploring the sale of its unit that makes cellular chipsets for connected devices, per Reuters. A deal could value it at about $300m. Go deeper
It's Personnel
🚑 Karoo Health named Pia Shivdasani COO. She was previously VP of operations at Boulder Care. Go deeper
