Illustration: Brendan Lynch/Axios
Venture Capital
💊 MapLight Therapeutics, a Redwood City, Calif.-based biotech focused on CNS disorders, raised $373m in Series D funding. Forbion and Goldman Sachs Alternatives co-led, joined by Sanofi, T. Rowe Price, Avego BioScience Capital and insiders Novo Holdings, 5AM Ventures, and Blue Owl Healthcare Opportunities. Go deeper
💊 VelaVigo, a Chinese developer of biospecific antibodies and antibody drug conjugates, raised $60m. Shunwei Capital led, joined by Northern Light Venture Capital, Han Kang Capital, Everest VC, Songqing Capital, and Lingang Lanwan Capital. Go deeper
• Dropzone AI, a Seattle-based provider of AI SOC analysts, raised $37m in Series B funding. Theory Ventures led, joined by Madrona, Decibel Ventures, Pioneer Square Labs, and IQT. Go deeper
• Fable Security, a SF-based human risk management platform, raised $31m from firms like Greylock and Redpoint Ventures. Go deeper
• E2B, an SF-based open-source cloud infrastructure company, raised $21m in Series A funding. Insight Partners led, joined by Decibel, Sunflower Capital, and Kaya. Go deeper
• Julius AI, an SF-based dataset and visualization platform, raised $10m from Bessemer Venture Partners, YCombinator, Horizon, AIGrant, and 8VC. Go deeper
• Tonic Security, an Israeli cybersecurity startup focused on vulnerability data, raised $7m in seed funding. Hetz Ventures led, joined by Vesey Ventures. Go deeper
• Overwatch Imaging, a Hood River, Ore.-based airborne imaging system, raised $6m. Squadra Ventures led, joined by SEMCAP AI, Elevate Oregon Venture Direct Fund, and Edo Capital. overwatchimaging.com
⚡Lyten, a San Jose, Calif.-based developer of lithium-sulfur batteries, raised $200m from current investors. Go deeper
Private Equity
• KKR will invest A$500m to form Australian solar and storage developer CleanPeak Energy. Go deeper
🍩 Levine Leichtman Capital Partners acquired Shipley Do-Nuts, a Houston-based donut and coffee shop franchisor, from Peak Rock Capital. Go deeper
🚑 TA Associates invested in HealthMark Group, a clinical information exchange solution for health care providers. Management and Ridgemont Equity Partners will roll ownership stakes. Go deeper
• Transom Capital Group completed its $83m take-private buyout of SigmaTron International, an Illinois-based electronic manufacturing services company. Go deeper
• Turri's Italian Foods, a portfolio company of Benford Capital Partners, acquired gourmet pasta brand Joseph's from LaSalle Capital. Go deeper
• Warburg Pincus agreed to acquire FlavorSum, a Kalamazoo, Mich.-based provider of natural flavor solutions for food and beverage companies, from The Riverside Company. Go deeper
M&A
• Gamefound, a board game maker, will acquire Indiegogo, the crowdfunding platform whose backers include Kleiner Perkins, Insight Venture Partners, Institutional Venture Partners, and Khosla Ventures. Republic previously was in talks to buy Indiegogo, per Axios Pro.
• Warner Bros Discovery's previously announced split will have its movie properties, streaming, and studio properties housed under "Warner Bros." Its global network segment, including entertainment, sports, and news networks, will fall under "Discovery Global." Go deeper
Debt
• Scala Data Centers, a Brazilian data center developer, raised $254m from banks MUFG, SMBC, BNP Paribas, and Natixis to build three data centers and a power substation in Chile. Go deeper
Fundraising
• 50 South Capital, an alt assets unit of Northern Trust, raised $1.2b for its fifth private equity secondaries fund and $893m for its 11th direct PE fund. 50SouthCapital.com
