Illustration: Natalie Peeples/Axios
Venture Capital
• Figure, a San Francisco-based humanoid robotics company, raised over $1b in Series C funding at a $39b valuation led by Parkway Venture Capital. Brookfield Asset Management, NVIDIA, Macquarie Capital, Intel Capital, Align Ventures, Tamarack Global, LG Technology Ventures, Salesforce, T-Mobile Ventures, and Qualcomm Ventures participated. Go deeper
🌎 Chestnut Carbon, a New York City-based carbon removal developer, raised an additional $90m for its Series B from existing investor Canada Pension Plan Investment Board. Go deeper
• Entouch, a Richardson, Texas-based energy management company, raised a $50m funding round led by Respida Capital. Go deeper
• PayNearMe, a Santa Clara, Calif.-based payments fintech, raised a $50m Series E led by AVP. Go deeper
• Nofence, a Norway-based virtual fencing company, raised $35m in Series B funding. European Circular Bioeconomy Fund led, joined by Capagro, Nysnø Climate Investments, Climate Innovation Capital, and Speedinvest. Go deeper
⚡️ Fourth Power, a Cambridge, Mass.-based long-duration energy storage developer using thermal batteries, raised $20m in Series A+ funding led by Munich Re Ventures, joined by Breakthrough Energy Ventures and DCVC, per TC. Go deeper
⚡ Sympower, a Dutch grid flexibility services provider, raised €19m in Series B extension funding led by PGGM. Go deeper
• Nutrium, a Portugal-based platform for patients to create personalized meal plans and manage chronic diseases, raised $12m in Series A funding. Vesalius Biocapital led the round; Lince Capital, Indico Capital Partners, and Beta Capital participated. Go deeper
• F2 AI, a New York-based private market AI data tool, spun out from Arc and raised $10m from investors including NFX, Left Lane Capital, and Y Combinator. Go deeper
• Eve Security, an Austin, Texas-based agentic AI observability and policy enforcement platform, raised $3m in seed funding led by LiveOak Ventures with participation from Tau Ventures. Go deeper
• Rulebase, a London-based fintech operations startup, raised $2.1m in pre-seed funding led by Bowery Capital, with participation from Y Combinator, Commerce Ventures and Transpose Platform VC. Go deeper
🚑 OnTracx, a Belgian developer of a smart sensor for runners, raised €1.2m in seed funding from imec.istart Fund, PMV, and KBC. Go deeper
Private Equity
• Ara Partners acquired Microtec Development & Holdings, a Naples, Fla.-based company turning waste glass into ground glass pozzolan for concrete. Go deeper
• Firms including BlackRock and Blackstone have been in preliminary talks to invest in a potentially multibillion-dollar partnership to invest in AI infrastructure with Humain, Saudi Arabia's AI company, per Bloomberg. Go deeper
• DigiCert, backed by Clearlake Capital Group, Crosspoint Capital Partners, and TA Associates Management, acquired Valimail, a zero-trust email authentication company. Go deeper
• General Atlantic invested an undisclosed amount in Osea Malibu, a Malibu, Calif.-based skin care company. Cavu Partners will fully exit the brand. Go deeper
• MGX revealed it joined Silver Lake's 51% acquisition of Intel's Altera. The deal had valued Altera at $8.8b. Go deeper
• Mitchell Family Office acquired Cos Bar, a luxury multibrand beauty retailer. Go deeper
• SageLink Capital and Genesis Park invested in Perfect Feast, a Pleasant Grove, Utah-based provider of corporate gifting solutions. Go deeper
• Senske Family of Companies, backed by GTCR, will acquire Green ER Lawns, Trees & Pest, a Houston-based lawn care provider. Go deeper
M&A
• Ebury, a London-based cross-border payments company, completed its acquisition of Lithuania-based ArcaPay, which will operate as Ebury Partners Lithuania. Go deeper
Fundraising
• LCM Partners held the first close of its flagship Credit Opportunities 5 strategy with €3.8b. It's seeking €6b total. Go deeper
It's Personnel
• Clifford Chance has hired Shellka Arora-Cox as a partner from Pillsbury Winthrop Shaw Pittman to work on infrastructure financing deals. Go deeper
• Cooley hired Sean Brownridge to chair its activism defense practice. He comes from Schulte. Go deeper
• Energize Capital hired Alan Glass as partner and co-head of Endurance, Energize's growth buyout investment strategy. He hails from Vista Equity Partners. Go deeper
🚑 Insulet (Nasdaq: PODD) named Flavia Pease successor to Ana Maria Chadwick as EVP and chief financial officer, effective Sept. 30. Chadwick will become a senior advisor to the company. 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.
