Illustration: Maura Losch/Axios
Venture Capital
🌎 Aira, a Swedish home heat-pump producer, raised €150m from Altor, Kallskär, Kinnevik, Lingotto and Temasek. Go deeper
🚑 SetPoint Medical, a Valencia, Calif.-based chronic autoimmune disease therapies developer, raised a $115m Series D and a $25m Series C extension. Elevage Medical Technologies and Ally Bridge Group led, joined by Northwell Health, SPRIG Equity, Norwest, NEA, Viking Global Investors, Action Potential Venture Capital, Abbott, Boston Scientific, Euclidean Capital, Richard King Mellon Foundation, Morgenthaler Ventures, ShangBay Capital, Ascendum Capital, Catalio Capital Management, Gilmartin Capital, and Midas Capital. Go deeper
• Softwear Automation, an Atlanta-based autonomous sewing tech company, raised $20m in Series B1 funding. Bestseller led, with participation from CTW Venture Partners, SRI Capital, and MacDonald Ventures. Go deeper
• Certivity, a Munich-based technical compliance regtech, raised €13.3m in Series A funding. Almaz Capital and UVC Partners led with participation from Earlybird X, High-Tech Gründerfonds (HTGF), and Plug and Play. Go deeper
🌎 Green Steel Environmental, a Boulder, Colo.-based developer of wastewater and biogas treatment tech, raised $1.7m led by The Central Texas Angel Network, joined by Cowtown Angels. Go deeper
🌎 Swirltex, a Canadian wastewater treatment tech developer, raised $1.2m in seed funding led by The Central Texas Angel Network. Go deeper
• Laurel, an SF-based time intelligence startup, raised an undisclosed amount of funding from Workday Ventures. laurel.ai
Private equity
• Apollo is in advanced talks to acquire German cooling equipment maker Kelvion from Triton, per Bloomberg. Go deeper
• The Cook & Boardman Group, backed by Platinum Equity, acquired the assets of A.J. Labourdette, a New Orleans-based telecommunications and integration security contractor. Go deeper
• EIG agreed to buy nearly a 50% stake in TgP, operator of Peru's main natural gas and natural gas liquids pipelines, from CPP Investments. Go deeper
• Life Safety Inspection Vault, an Idaho-based fire safety compliance company, raised $28.7m from Mainsail Partners. livsafe.com
• Pennington Creek Capital acquired Rite in the Rain, a Tacoma, Wash.-based maker of water-resistant writing and field organization gear. riteintherain.com
Fundraising
• JMI Equity raised $3.1b for its 12th software-focused growth equity fund. It also promoted Preston Horner and Andy Knox to principals, and Will Priestley to VP. Go deeper
It's Personnel
• Maggie Anderson, former division president at DaVita, joined JLL Partners as an operating partner. Go deeper
• Harsh Govil was promoted to partner within the ventures group at Motive Partners. Go deeper
• Namsun Kim, executive chairman at Poshmark, will be CEO effective in October. Manish Chandra will transition from CEO to the board. Poshmark was acquired by Naver in 2023. Go deeper
