Illustration: Natalie Peeples/Axios
Venture Capital
• Attio, a London-based CRM startup, raised $52m in Series B funding. GV led, joined by insiders Redpoint Ventures, 01A, Point Nine, and Balderton. Go deeper
• OpenLight, a Santa Clara, Calif.-based maker of a PASIC chip design, raised $34m in Series A funding co-led by Xora Innovation and Capricorn Investment Group. Mayfield, Juniper Networks, Lam Capital, New Legacy Ventures and K2 Access participated. Go deeper
💊 Leal Therapeutics, a Worcester, Mass.-based developer of neurology drugs, raised a $30m Series A. SV Health Investors' Dementia Discovery Fund led, and was joined by OrbiMed and Newpath Partners. Go deeper
💄 Debut, a San Diego-based biotech beauty company, raised $20m from Fine Structure Ventures, EDBI, Wealthberry, BOLD, GS Futures, Sandbox Industries and Material Impact. Go deeper
• Sola, an Atlanta-based property insurance company, raised $8m in Series A funding led by Fintop Capital and JAM Fintop, with participation from 10vc and Georgia Tech. Go deeper
• Kira, a Miami-based payments infrastructure platform, raised $6.7m in seed funding led by Blockchange Ventures, Vamos Ventures, Stellar Blockchain, Grit Ventures, Credibly Neutral Ventures, Michael Seibel, and Oso Trava. Go deeper
⚡ AiGent, a Houston-based generator management startup, raised $6m in seed funding from ZIP and CIV. Go deeper
• Sleep.ai, a sleep intelligence platform, raised $5.5m from Treasure Coast Ventures, Nurture Ventures, and the HBS Alumni Angels of Greater New York. Go deeper
• Loman AI, an Austin-based voice AI platform for restaurants, raised a $3.5m seed round led by Next Coast Ventures with participation from TenOneTen Ventures and Antler. loman.ai
⚡ mPower Technology, an Albuquerque-based space solar startup, added Lockheed Martin Ventures to its Series B, lifting the round over $24m. Go deeper
Private Equity
• Bow River Capital acquired the asset-based financing business of Park Cities Asset Management, a Dallas-based asset manager. Go deeper
• Bron Tapes, a Denver-based portfolio company of Rotunda Capital Partners, acquired NSL Aerospace, a Magnolia, Texas-based distributor of liquid adhesives and sealants to aerospace. brontapes.com
🚑 Eversana, backed by Water Street Healthcare Partners and JLL Partners, acquired Waltz Health, which helps employers and health insurance companies purchase cheaper drugs. The deal values the combined company at $6b. Waltz has raised $55m from investors including GV. Go deeper
• Kaltroco and Five V Capital invested in BlastOne, a surface preparation solution for the infrastructure and defense end markets. Go deeper
• Pacific Avenue Capital Partners agreed to buy Pick Your Part, a self-service business for used auto parts, from LKQ Corp. (Nasdaq: LKQ) for $410m. Go deeper
⚡ TPG agreed to acquire Irth Solutions, a Columbus, Ohio-based provider of enterprise software for energy and infrastructure companies, from Blackstone. Go deeper
Going Public
• Klarna, the Swedish BNPL player, is reportedly eyeing a $14b valuation for its IPO next month. Go deeper
• Galata Acquisition II, a SPAC formed by Callaway Capital Management, filed for a $150m IPO. Go deeper
M&A
• Apple (Nasdaq: AAPL) reportedly weighed acquisitions of French foundational model Mistrial and SF-based Ai search company Perplexity, per the Information. Go deeper
• Pentagon officials are weighing acquiring a stake in defense contractors including Lockheed Martin (NYSE: LMT), Commerce Secretary Howard Lutnick told CNBC. Go deeper
• Mercedes-Benz (ETR: MBG) plans to sell its 3.8% stake in Nissan Motor (Tokyo: 7201). Go deeper
Odds & Ends
⚡ X-energy and Amazon said they've partnered with Korean energy groups Korea Hydro & Nuclear Power and Doosan Enerbility to deploy X-energy's nuclear reactors in the U.S. Go deeper
💊 Novartis agreed to pay $30m upfront and up to $772m in a deal with Stockholm-based BioArctic to develop a blood-brain barrier drug. Go deeper
🌎 Frontier, the carbon removal buyers group, said it's buying $31.3m worth of carbon removal credits from seawater restoration startup Planetary. 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.
