Illustration: Brendan Lynch/Axios
Venture Capital
• GeoWealth, a Chicago-based asset management platform, raised $38m in Series C funding led by Apollo, with participation from BlackRock, J.P. Morgan Asset Management, and Kayne Anderson Capital Advisors. Go deeper
• Streamline AI, a Burlingame, Calif.-based customer success solutions provider, raised $8.6m in Series A funding led by Blumberg Capital, with participation from Tribeca Venture Partners, Acronym Venture Capital, Great Oaks Venture Capital, and Scribble Ventures. Go deeper
• Approov, a Scottish mobile app and API security startup, raised £5m in Series A funding. Maven Capital Partners led, joined by Souter Investments, Lanza TechVentures and Scottish Enterprise. approov.io
🌎 EVeez, an Indian electric two-wheeler subscription service, raised $5.4m in Series A funding led by the Michael & Susan Dell Foundation, joined by Caret Capital, ThinKuvate, Ev2 Ventures, Barbershop With Shantanu, SailThru Ventures, and Ah Ventures Fund. Go deeper
• Cafeteria, a consumer insights platform focused on Gens Z and Alpha, raised $3m at a $22m valuation from Marquee Ventures, Listen Ventures, and Thayer Investment Partners. teamcafeteria.com
• Resolvd AI, a startup for reconciliation workflows, raised $1.6m in pre-seed funding from Spice Capital, Betaworks and Factorial Capital. resolvd.ai
Private Equity
• Audax and Parthenon Capital invested in Elevate Patient Financial Solutions, a Spring, Texas-based revenue cycle management company. elevatepfs.com
• BDT & MSD Partners invested in Summit Cos., a provider of fire and life safety services. summitcompanies.com
• Graham Partners acquired Smithstown Light Engineering, an Irish medical device contract manufacturer. www.sle.ie
• LGT Capital Partners invested in communications firm Teneo at a $2.3b valuation, per Bloomberg. Go deeper
• Valence Surface Technologies, an ATL Partners portfolio company, acquired C.I.L., a provider of surface treatment for products in the North American aerospace and defense market. Go deeper
Public Listings
• Avidbank (Nasdaq: AVBH), a San Jose, Calif.-based corporate and real estate-focused bank, plans to raise $60m by offering 2.6m shares at $22–$24, valuing the company at $242m. Go deeper
• Miami International Holdings (NYSE: MIAX), which operates the MIAX Exchange marketplace, plans to raise $300m by offering 15m shares at $19–$21, valuing the company at $1.9b. Go deeper
• New America Acquisition I, a SPAC whose advisers include Eric Trump and Donald Trump Jr., filed for a $300m IPO. Go deeper
M&A
• Bling, a Berlin-based family money management app, acquired Finstep, a Hamburg-based financial learning app for teenagers and young adults. Go deeper
• Global‑e Online (Nasdaq: GLBE) acquired ReturnGo, an Israeli return and exchange solutions provider. Go deeper
Liquidity
• Genstar Capital is seeking to sell OEConnection, an auto software provider that could fetch up to $5b, per Reuters. Go deeper
• Employee Navigator, a Bethesda, Maryland-based HR software developer, raised a $100m round from JMI Equity and Spectrum Equity and used it in a subsequent $120m tender offer to existing shareholders. Go deeper
Odds & ends
🌎 Joby Aviation, a Santa Cruz, Calif.-based eVTOL developer, signed an agreement with defense contractor L3Harris Technologies to potentially develop gas-turbine hybrid autonomous aircraft. Go deeper
🌎 Vertical Future, a U.K.-based vertical farming startup, is for sale on an insolvency market after disclosing £10m+ in pre-tax losses, per AgFunderNews. Investors include SFC Capital and Pula Investments. Go deeper
🌎 FlyBlast, a Belgian startup genetically engineering black soldier flies to produce insulin and other proteins, filed for bankruptcy, per AgFunder News. Go deeper
🌎 Matson, a Honolulu-based maritime shipping service, said it will stop transporting EVs and plug-in hybrids due to fire risk. Go deeper
🌎 Volkswagen postponed plans to bring Spanish brand Cupra, and a pair of debut EVs, to the U.S. Go deeper
🌎 Ford confirmed it will share details next Monday about its forthcoming low-cost EVs, starting with a mid-size pickup truck. Go deeper
⚡️ Ore Energy, a Dutch developer of multi-day iron-air batteries, connected what it says is the first such battery to an electric grid. Go deeper
