Illustration: Natalie Peeples/Axios
Venture Capital
• Cerebras, a Sunnyvale, Calif.-based chipmaker, is in talks for Fidelity to lead a $1b round, per Bloomberg. Go deeper
• Titan, a New York-based IT services holding company, raised $74m led by General Catalyst and announced its acquisition of managed service provider RFA. Go deeper
• 1Kosmos, an Iselin, N.J.-based passwordless authentication platform, raised $57m in Series B funding led by Forgepoint Capital and Oquirrh Ventures. Go deeper
💊 Gameto, an Austin, Texas-based developer of stem cell-derived therapies for reproductive health, raised a $44m Series C. Overwater Ventures led, joined by Insight Partners, RA Capital, Two Sigma Ventures, Bold Capital Partners, Future Ventures, Ingeborg Investments, Arcadia Investment Partners, PAGS Group, Pontiva Healthcare Partners, and Portfolia. gametogen.com
• Jump, a sports fan experience startup, raised a $23m Series A round. Seven Seven Six led, joined by Courtside Ventures, Will Ventures, and Forerunner Ventures. Go deeper
⚡ NRN, a Australian virtual power plant operator, raised A$17m Series A funding and A$50m in debt. Backers include Investible, Virescent Ventures, Electrifi Ventures, Planet Fund, and Australian Ethical Infrastructure Debt Fund. Go deeper
• Mako, a NYC-based maker of agents to generate and optimize GPU kernels, raised $8.5m in seed funding. M13 led, joined by Torch Capital and Parable VC. Go deeper
• Inclined Technologies, an SF-based fintech that lends against whole life insurance policies, raised $8m in Series B funding. HSCM Ventures led, joined by Northwestern Mutual. Go deeper
• Riva Money, a blockchain-based cross-border money transfer startup, raised $3m in a pre-seed round led by Project A. Go deeper
Private Equity
• A consortium led by TPG and the Qatar Investment Authority has offered to buy out Kangji Medical Holdings, a Chinese medical device maker listed in Hong Kong, for about $1.4b. Go deeper
• J.S. Held, a Jericho, N.Y.-based consulting firm backed by Kelso & Co. and Harvest Partners, acquired GHL Consultants, a Canadian fire engineering and building code consultancy. jsheld.com
• Milrose Consultants, a Southfield Capital portfolio company, acquired ARC, a permitting and code compliance services provider in Florida. www.milrose.com
• Race Communications, backed by Oak Hill Capital, agreed to acquire Atherton Fiber, an Atherton, Calif.-based provider of fiber-to-the-home. www.race.com
• Westland Insurance, a Canadian portfolio company of Ontario Teachers, acquired Ontario-focused Paul Ayotte Insurance Brokers. Go deeper
Public Listings
• Navoi Mining & Metallurgical, an Uzbekistan state-backed gold producer, has picked banks to lead a potential IPO in London and Tashkent, Uzbekistan. Go deeper
• Fractal Analytics, dubbed India's first AI unicorn, filed for a Mumbai IPO that could value it at over $3.5b. Backers include TPG and Apax Partners. Go deeper
Debt
🚑 Amalgam Rx, a Wilmington, Del.-based provider of health care decision-making support tools, secured $20m in debt from Catalio Capital Management. Go deeper
It's Personnel
• Will Lay joined Simpson Thacher & Bartlett as a Boston-based partner in the law firm's M&A practice. He previously was with Kirkland & Ellis. Go deeper
Odds & ends
⚡The Department of Energy selected 11 companies to participate in its nuclear test reactor program. Go deeper
- Ryan Barwick, Natalie Breymeyer, Erin Brodwin, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Alan Neuhauser, Dan Primack, and Brock E.W. Turner contributed to this report.
