Illustration: Maura Losch/Axios
Venture Capital
• Divergent Technologies, a Los Angeles-based maker of missile airframes and other parts for defense companies, raised $290m in Series E funding ($250m in equity) at a $2.3b valuation led by Rochefort Asset Management. Go deeper
• Remedio, an Israeli cybersecurity startup, raised $65m. Bessemer Venture Partners led, joined by TLV Partners and Picture Capital. Go deeper
• MarqVision, an LA-based brand protection startup, raised a $48m Series B. Peak XV Partners led, joined by Salesforce Ventures, HSG, Coral Capital, Michael Seibel, YC, Altos Ventures, and Atinum Investment. Go deeper
• Rodatherm Energy Corp, a Salt Lake City-based geothermal startup, raised a $38m Series A led by Evok Innovations and including TDK Ventures, Toyota Ventures, TechEnergy Ventures, MCJ, Active Impact Investors, Renewal Funds, Grantham Foundation for the Protection of the Environment, and Giga Investments. Go deeper
• Sharp Performance, a provider of personal coaching for those in high-risk jobs, raised $12m in seed funding. A16z led, joined by A*, Commonweal Ventures, Formation, SV Angel, and Liquid 2 Ventures. Go deeper
• Feld.energy, a German developer of agricultural photovoltaics, raised more than €10m led by HV Capital, with participation from Future Energy Ventures, AENU, and Angel Invest. Go deeper
Private Equity
• ATIS, an elevator and escalator inspection firm owned by Thompson Street Capital Partners, acquired the U.S. elevator inspection business of Technical Inspection Agency USA. Go deeper
• Blackstone agreed to acquire Hill Top Energy Center, a 620-megawatt natural gas power plant in Western Pennsylvania, for nearly $1b from Ardian. Go deeper
• CVC Capital Partners agreed to acquire Carma, a Canadian submetering firm, from TerraNova Partners. Go deeper
• Verlinvest acquired a majority stake in Boulders, a Danish chain of bouldering gyms. Go deeper
Public Listings
• Verisure, a Swiss fire and security alarm maker owned by Hellman & Friedman, could IPO in Sweden as soon as this week and seek to raise about €3 billion, per Bloomberg. Go deeper
Fundraising
• Advent has raised $20b for its flagship fund since the start of the year, per Bloomberg. Go deeper
It's Personnel
🚑 Oral BioLife named Greg Ambra CEO. He was previously COO. Also at Oral BioLife, Tim Glennon was named chief commercial officer. He was previously CEO of Illuminations Strategy Group. Go deeper
• QED Investors promoted Victoria Zuo to partner. She was previously a principal. Go deeper
Odds & Ends
🌎 Ram halted development of a full-size electric pickup truck. It's still developing a battery-equipped extended-range model. Go deeper
💊 Cadrenal Therapeutics, a Ponte Vedra, Fla.-based anticoagulant developer, agreed to pay up to $15m in a deal to acquire three drug assets from eXIthera Pharmaceuticals. 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.
