Illustration: Aïda Amer/Axios
Venture Capital
🚑 Arnatar Therapeutics, a San Diego-based therapies maker for severe and underserved diseases, raised $52m in Series A funding. Eight Roads and 3E Bioventures led with participation from F-Prime Capital, Zhuhai Huajin Capital, Legend Star, Transfar Capital, New Alliance Capital, Yijing Capital, Gaorong Ventures, Jifeng Ventures and Hongsheng Capital. Go deeper
🚑 Vaxxas, an Australian biotech focused on needle-free vaccine delivery, raised $31.9m in Series D funding. SPRIM Global Investments led. Go deeper
• Holo, a Dubai-based home buying platform, raised $22m in Series A funding. Impact46 led with participation from Mubadala Investment Company, Rua Growth Fund, anb seed, and MoreThan Capital. Go deeper
🚑 Nest Health, a New Orleans-based whole-family care provider for families on Medicaid, raised $12.5m in Series A funding co-led by 8VC and Blue Venture Fund, with participation from Amboy Street Ventures, Alumni Ventures, Health 2047, and Nicholas Jarboe. Go deeper
🚑 Incyclix Bio, a Research Triangle Park, N.C.-based cell cycle control company developing INX-315, raised $11.3m in extended Series B funding. Investors include Eshelman Ventures, Eli Lilly and Company, Pharmacosmos, and Cape Fear BioCapital. Go deeper
• Irys, a London-based programmable datachain, raised $10m in Series A funding led by CoinFund, with participation from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group, and WAGMI Ventures. Go deeper
⚡Yottar, a London-based electric grid mapping startup, raised a $1m pre-seed round led by Haatch with participation from Cape Capital and angel investors, per TechCrunch. Go deeper
Private Equity
🚑 Advent International agreed to acquire health marketing and engagement firm PatientPoint from L Catterton, Littlejohn & Co., and Transformation Capital. Flashback.
• Bain Capital is backing the formation of Crestwell Underwriters, a commercial and residential managing general agent. Go deeper
• Fruition Partners acquired The Memory Company, a maker and licensee of sports and consumer-branded merchandise. Go deeper
• Thoma Bravo agreed to buy call-center software maker Verint Systems (Nasdaq: VRNT) for around $2b (including debt), or $20.50 per share. Go deeper
Public Listings
OTG Acquisition I, a digital infrastructure SPAC, filed for a $200m IPO. Go deeper
M&A
💊 MannKind (Nasdaq: MNKD) agreed to acquire cardiorenal drugmaker scPharmaceuticals Inc. (Nasdaq: SCPH) for upwards of $360m. Go deeper
• The Pinault family of France is considering a sale of its 29% stake in listed German sneaker maker Puma, per Bloomberg. Go deeper
It's Personnel
• John Doran has been appointed to co-lead TCV's U.S. headquarters in Menlo Park, Calif. TCV general partners Michael Kalfayan and Muz Ashraf will assume leadership for TCV in Europe. 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.
