Illustration: Natalie Peeples/Axios
Venture Capital
• Midas, an Istanbul-based investment platform, raised $80m in Series B funding. QED Investors led with participation from International Finance Corporation, HSG (formerly Sequoia China), QuantumLight, Spice Expeditions, and George Rzepecki. Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris also participated. Go deeper
• Pylon, an SF-based B2B support platform for post-sales teams, raised $31m in Series B funding led by Bain Capital Ventures and a16z. usepylon.com
• Casca, an SF-based loan origination platform, raised $29m in a Series A led by Canapi Ventures, with participation from Live Oak Bank, Huntington National Bank, Bankwell Bank, Y Combinator, Peterson Ventures, and Alliance Funding Group. Go deeper
🚑 Sensorium Therapeutics, a Boston biotech developing psychoactive medicines, raised $25m in a Series A. Mission BioCapital, Hatteras Venture Partners, Mockingbird Capital Partners and Dolby Family Ventures participated. Go deeper
Private Equity
• Charlesbank Capital Partners invested in Centegix, an Atlanta-based provider of workplace safety solutions. Existing backer Gauge Capital will roll over some of its stake. centegix.com
• CSI, backed by TA Associates, Bridgeport Partners, Centerbridge Partners, and CFT Capital Partners, agreed to acquire Apiture, a provider of digital banking solutions to U.S. financial groups. Apiture has raised $70m from Live Oak Ventures, Truist Ventures, Live Oak Bank, and Pinnacle Bank. csiweb.com
• Quadrant Private Equity agreed to buy Carlisle Health, an Australian network of outpatient imaging centers, for over A$130m. Go deeper
🚑 Residex, an Accel-KKR portfolio company that provides records management to senior communities, acquired Kevala, a Kirkland, Wash.-based staffing startup focused on healthcare facilities. Kevala had raised around $16m from such firms as Costonoa Ventures, Cercano Management, and PSL Ventures. Go deeper
• SuperHero Fire Protection, a Hidden Harbor Capital Partners portfolio company, acquired Strategic Connections, a Raleigh-based provider of commercial fire protection and low-voltage systems. superherofireprotection.com
• TrussPoint Roofing & Exterior Renovations, backed by Soundcore Capital Partners, acquired Mario's Roofing, a provider of residential roofing and exterior home improvement services in the Greater Boston area. Go deeper
Liquidity
🚑 Custom Health, a West Hollywood, Calif.-based medication management company, acquired PatchRx, a Tulsa, Okla.-based maker of smart pill bottle caps that had raised $12m from firms like Atento Capital, Cortado Ventures, Forum Ventures, Plains Ventures, and Vast Ventures. Go deeper
• Daikin Applied, a subsidiary of Japan's Daikin Industries, acquired DDC Solutions, a San Diego-based provider of GPU cabinet cooling solutions, from Thompson Street Capital Partners and Cequel III. Go deeper
• Klaviyo (NYSE: KVYO) acquired Gatsby, a social automation product for brands that had been seeded by firms like 10X Capital and Capital Factory. Go deeper
• MC Machinery Systems acquired Canadian machine tools maker Ferro Technique from Argyle and Sharno Group. mcmachinery.com
• Starling Bank, a London-based neobank that's raised nearly $1b, agreed to buy U.K. accounting startup Ember, which had raised $14m from backers like Valar Ventures, Viola Fintech, and Shapers. Go deeper
M&A
• Salesforce has agreed to acquire San Francisco-based agentic workflow startup Regrello. Go deeper
• Mercuries Life Insurance (Taiwan: 2867) is exploring a possible sale, per Bloomberg. Go deeper
Funds
• Anchorage Capital Advisors raised $1.5b for its ninth credit opportunities fund. anchoragecapital.com
• Neuberger Berman is nearing a first close on its next flagship PE secondaries fund, which is targeting $5b, per Bloomberg. Go deeper
Odds and ends
• Vantage Data Centers, a Denver-based data center operator, plans to invest $25b in developing a 1.4 GW data center campus in Shackelford County, Texas. Go deeper
It's Personnel
• Vishal Hanjan, formerly at Appian, was named COO at Cardinality.ai. Go deeper
• Gary Hobart was named CFO at Mach Industries. Go deeper
• Gaurav Malhotra (ex-British International Investment) was named partner at Lightrock. Aayush Parwal (Eversource Capital) and Himanshu Kashyap (Apollo) were named principals, and Manoj Kohli (SoftBank) joins as a senior advisor. lightrock.com
• Paul Slavin, former senior executive at ABC News, joined Skillshare as CEO, succeeding Matt Cooper, who was CEO for eight years. Go deeper
• Jean Laurent Poitou, an engineer at École Polytechnique, will join Ipsos as CEO effective Sept. 15, succeeding Ben Page. 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.
