Illustration: Sarah Grillo/Axios
Venture Capital
• Diana Health, a New York-based network of women's health practices, raised $55m in Series C funding. HealthQuest Capital led, joined by Norwest Venture Partners, .406 Ventures, LRVHealth, and AlleyCorp. Go deeper
🌎 Scintil Photonics, a French photonic tech developer for more efficient AI compute, raised €50m in Series B funding led by Yotta Capital Partners and NGP Capital, joined by Nvidia, BNP Paribas Développement, Supernova Invest, Bpifrance Digital Venture, Innovacom, Bosch Ventures, and Applied Ventures ITIC Innovation Fund. Go deeper
• Brain Co., a startup that helps large organizations incorporate AI, raised $30m in Series A funding. Elad Gil's Gil Capital and Jared Kushner's Affinity Partners led, joined by Andrej Karpathy, Aravind Srinivas, Fidji Simo, Patrick Collison, Brian Armstrong, Reid Hoffman, and Mark Weinberger. Go deeper
• Penguin Ai, a Palo Alto, Calif.-based provider of health care administration solutions, raised $29.7m in Series A funding. Greycroft led, joined by UPMC Enterprises, SemperVirens, Snowflake Ventures, Watershed Ventures, Horizon Mutual Holdings, ManchesterStory, Overwater Ventures, California Health Care Foundation, Canvas Prime, and Plug and Play. Go deeper
• AxonIQ, a Dutch development platform, raised more than $18m in seed and Series A funding from AVP, Volta Ventures, and Trifork. Go deeper
• Goodpath, a Boston-based virtual provider of whole-person care for chronic conditions, raised $18m in Series A funding led by MassMutual Ventures with participation from Healthy Ventures. Go deeper
💊 Medra, a laboratory robot startup, raised $11m in pre-seed and seed funding. Neo and Lux Capital led. Go deeper
🌎 Messium, a U.K. startup using satellites to monitor crop soil health, raised €3.8m in seed funding led by UK Innovation & Science Seed Fund and Expansion Aerospace Ventures, joined by Mudcake, Laconia, GRDC GrainInnovate, Clear Current Capital, Moonstone Venture Capital and SuperSeed. Go deeper
⚡️ Standab, a Swedish micromobility charging provider, raised €3.6m led by Spintop Ventures, joined by Almi Invest GreenTech. Go deeper
• OpenHealth, a German lab data infrastructure startup, raised $3m in seed funding from GoHub Ventures, xdeck ventures, Edenbase, Exceptional Ventures, YZR Capital, Octopus Ventures, and Calm/Storm Ventures
• Hive Robotics, a German collaborative robotics startup, raised €2m led by b2venture. Go deeper
Private Equity
•Aperture, a Genstar Capital portfolio company, acquired Bryant Consultants Operating, a Carrollton, Texas-based provider of geotechnical engineering and forensic consulting services. Go deeper
• Bow River Capital acquired meQuilibrium, a Boston-based provider of workforce mental health and performance management solutions that had raised over $40m from firms like HLM Investment Partners, Chrysalis Ventures and Safeguard Scientifics. Go deeper
• Interlock Equity invested in VeloSource, a St. Louis-based provider of locum tenens staffing solutions. velosource.com
• Norea Capital acquired a majority stake in Motrec International, a Canadian maker of industrial EVs. Go deeper
• Station Partners invested in First Children Services, a behavioral health and special education services provider in New Jersey and Pennsylvania. Go deeper
Liquidity
• F5 (Nasdaq: FFIV) will pay $180m to buy CalypsoAI, a New York-based AI testing and security startup that had raised over $30m from Paladin Capital Group, Lockheed Martin Ventures, Hakluy Capital, Expeditions Fund, Auren Hoffman and Anne Wojcicki. Go deeper
• PAI Partners sold part of its stake in Belgian infrastructure services provider Infra Group to an investor group that includes current backer ICG, per Bloomberg. Infra was valued around €3b. Go deeper
