Illustration: Gabriella Turrisi/Axios
Venture Capital
💊 Charm Therapeutics, a London biotech making AI-designed cancer drugs, raised $80m in Series B funding led by NEA and SR One, and joined by Nvidia, OrbiMed, F-Prime and Khosla Ventures. Go deeper
• Cyted Health, a U.K.-based gastrointestinal diagnostics startup, raised $44m in Series B funding from EQT Life Sciences, Advent Life Sciences, British Business Bank, Morningside, and BGF. Go deeper
• Kite, a crypto AI startup, raised $18m in Series A funding. PayPal Ventures and General Catalyst led, joined by 8VC, Samsung Next, Alumni Ventures, SBI US Gateway Fund, Vertex Ventures, Dispersion Capital, Avalanche Foundation, GSR Markets, LayerZero, Hashed, HashKey Capital, Animoca Brands, Essence VC, and Alchemy. Go deeper
• LightYX, a NYC-based construction technology startup, raised $11m in Series A funding led by NOVA by Saint-Gobain and joined by Yachad Capital Partners, Shibumi International and Somersault Ventures. lightyx.com
Private Equity
• Corient, a Mubadala Capital portfolio company, agreed to buy U.K. wealth managers Stonehage Fleming and Stanhope Capital. Go deeper
🚑 Gifthealth, an Eir Partners portfolio company, acquired Occam Health Services, a Plano, Texas-based drug manufacturing support company. gifthealth.com
🚑 Quasar Medical, a Boyu Capital portfolio company, acquired Ireland and Mexico-based CDMO facilities from Nordson Corporation (Nasdaq: NDSN), a Westlake, Ohio, precision manufacturing company quasarmedical.com
• STG completed its previously announced buyout of Yodlee, a Raleigh-based finance data platform, from Bain Capital portfolio company Envestnet. Go deeper
• Transaction Network Services, a Reston, Va.-based portfolio company of Koch Equity Development, agreed to buy financial information network operator Radianz from BT Group (LSE: BT). Go deeper
• VEMO, a developer of EV charging infrastructure in Mexico, secured a $250m equity commitment from Vision Ridge Partners. Go deeper
Liquidity Events
• OpenAI agreed to acquire Statsig, a Bellevue Wash.-based product development platform, for $1.1b in stock. Statsig had raised over $150m, including a $100m Series C round earlier this year at a $1.1b valuation, from Iconiq, Sequoia Capital, and Madrona. Go deeper
• Zopa, a British neobank unicorn whose backers include SoftBank, acquired payments platform Rvvup, a U.K. payments platform that raised a small amount of capital from firms like HV Capital. Go deeper
M&A
• Marsh McLennan Agency, a subsidiary of NYC-based insurance broker Marsh McLennan (NYSE: MMC), acquired Robins Insurance, a Nashville, Tenn.-based independent insurance agency. marshmma.com
• Empower Media, a Chicago-based independent media agency, acquired Ocean Media, a Huntington Beach, Calif.-based independent media agency. Go deeper
• Metronet, an Evansville, Ind.-based fiber-optic internet company owned by T-Mobile and KKR, acquired US Internet, a Minneapolis-based fiber internet provider. metronet.com
âš¡GridX, a Walnut Creek, Calif.-based utility software startup, acquired startup Innowatts for an undisclosed amount. Go deeper
Public Listings
• KNDS NV, a Franco-German tankmaker, is prepping a potential IPO and could seek a €20b valuation, per Bloomberg. Go deeper
Fundraising
• Venturi Partners, a Singapore-based consumer growth fund, announced the first close of its second fund at $150m. Go deeper
Odds & Ends
🚑 Femasys, an Australian maker of fertility and reproductive health products, raised $8m. femasys.com
It's Personnel
• Jim Forbes, most recently Morgan Stanley's vice chair of investment banking, joined Vesey Street Capital Partners as a senior adviser. Go deeper
• Anil Kuruganti joined GP Bullhound as a partner. He previously was a tech investment banker with Canaccord Genuity. Go deeper
