Illustration: Natalie Peeples/Axios
Venture Capital
• Fal, an SF-based AI infrastructure company, raised $125m a in Series C. Meritech led, and Salesforce Ventures, Shopify Ventures, Bessemer Venture Partners, Kindred Ventures, Andreessen Horowitz, Notable Capital, First Round Capital, Unusual Ventures and Village Global. Go deeper
• Noma Security, an Israeli developer of AI agent security, raised $100m in Series B funding. Evolution Equity Partners led, joined by insiders Ballistic Ventures and Glilot Capital. Go deeper
• Oxide, a cloud server startup, raised $100m in Series B funding led by USIT. Go deeper
• SAFE, a Palo Alto, Calif.-based cyber risk company, raised $70m in Series C funding led by Avataar Ventures, with participation from SIG Venture Capital, NextEquity Partners, and Prosperity7 Ventures. safe.security
• Saphyre, a Hoboken, N.J.-based finance ops and trading workflow software provider, raised $70m from FTV Capital. Go deeper
• Good Job Games, a Turkish mobile games publisher, raised $60m in Series A funding. Menlo Ventures and Anthos Capital led, joined by Bessemer Venture Partners. Go deeper
• Augmodo, a Seattle-based real-time inventory company, raised $37.5m. TQ Ventures led, with participation from Lerer Hippeau, NewFare, WIN, Interlace, Arena Holdings and Tony James' family office. Go deeper
• Unmind, a workplace mental health platform, raised $35m led by TELUS Global Ventures, with participation from Project A, Felix Capital, and Sapphire Ventures. Go deeper
• Cline, an SF-based AI coding agent, raised $32m in seed and Series A funding. Emergence Capital led, joined by Pace Capital, 1984 Ventures, Essence VC, and Cox Exponential. cline.bot
• Stable, a Tether-focused layer-1 blockchain, raised $28m in seed funding co-led by Bitfinex and Hack VC, with participation from Franklin Templeton, eGirl Capital, Mirana, Castle Island Ventures, Susquehanna International Group, Nascent, and Blue Pool Capital. Go deeper
• Metaforms, an AI startup for market research, raised $9m in Series A funding. Peak XV Partners led, joined by Nexus Venture Partners and Together Fund. metaforms.ai
• Taceo, an Austrian encrypted data infrastructure provider, raised $5.5m in seed funding led by Archetype VC, with participation from a16z CSX, Cyber.Fund, A.Capital Ventures, and Polymorphic. Go deeper
• Grass League, a par-3 golf league, raised $2.8m in seed funding led by Creator Sports Capital and Old Tom Capital. Go deeper
Private Equity
• Genesys, a Menlo Park, Calif.-based customer engagement automation company owned by Hellman & Friedman, secured a pair of $750m investments from Salesforce and ServiceNow. Go deeper
🐂 L Catterton acquired Kisshokichi, a Tokyo-based Kobe beef restaurant chain. Go deeper
• Midland Industries, a portfolio company of Gemspring Capital, acquired Cerro Brass, a St. Louis-based distributor of brass components. midlandindustries.com
Public Listings
⚡️ Eagle Energy Metals, a Reno, Nev.-based uranium miner, agreed to go public at a $312m value via merger with Spring Valley Acquisition Corp. II (Nasdaq: SVII), a SPAC formed by Pearl Energy Investment Management. Go deeper
M&A
🚑 AbbVie (NYSE: ABBV) is in talks to buy Gilgamesh Pharmaceuticals, a New York-based mental health drugmaker that could fetch around $1b, per Bloomberg. Gilgamesh has raised over $70m from firms like Prime Movers Lab, Satori Capital, and Route 66 Ventures. Go deeper
• Fox (Nasdaq: FOXA) acquired a one-third stake in Penske Entertainment, owner of the IndyCar series and the Indianapolis Motor Speedway. Go deeper
🌎 Iberdrola (Madrid: IBE) agreed to sell its Mexico assets for $4.2b (including debt) to Spanish water and renewable energy company Cox (Madrid: COXGA). Go deeper
It's Personnel
• Mark Cho joined Bluestone Equity Partners as a partner, COO and general counsel. He previously was with Willow Tree Credit Partners. Go deeper
