Illustration: Aïda Amer/Axios
Venture Capital
• Framer, a no-code website builder, raised $100m in Series D funding at a $2b valuation led by insiders Meritech and Atomico. Go deeper
• Rain, a stablecoin infrastructure platform for enterprises, raised a $58m Series B. Sapphire Ventures led, joined by Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, Lightspeed, and Norwest. Go deeper
🚑 ALIGNMT AI, a New York-based health care compliance platform, raised $6.5m in seed funding led by AIX Ventures, with participation from Sancus Ventures, Alumni Ventures and Dent Capital. Go deeper
Private Equity
• Beringer Capital acquired Bold Orange, a Minneapolis-based customer experience agency, from Mountaingate Capital. boldorange.com
🚑 SGD Pharma, a PAI Partners portfolio company, agreed to acquire Alphial, an Italian maker of glass vials, from Capital Dynamics and Entangled Capital. Go deeper
M&A
• Desjardins Global Asset Management agreed to acquire Canadian investment management firm Guardian Capital Group (TSX: GCG) for C$1.67b. Go deeper
• Altice International is fielding offers for its Israeli business Hot Telecommunication Systems. Go deeper.
• Barclays (LSE: BARC) agreed to sell its stake in Nordics consumer credit business Entercard Group to joint venture partner Swedbank (STO: SWED) for around $273m. Go deeper
It's Personnel
• Joanne Bennett has been named incoming CFO at Apollo-backed Ingenico. She was previously CFO at McCarthy Stone. Go deeper
• Zev Garell is joining Barclays as head of EMEA leveraged finance, per Bloomberg. He previously spent more than two decades with JPMorgan. Go deeper
• Brooke Trammell has joined FirstEnergy Corp as vice president, transmission strategy and engagement. Trammell was previously regional vice president of regulatory & pricing for Xcel's Southwestern Public Service Company. firstenergycorp.com
- 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.
