Illustration: Brendan Lynch/Axios
Venture Capital
• Colossal Biosciences, the Texas-based startup looking to bring back the mammoth, raised $120m, valuing it at $10.3b. USIT, Bob Nelsen, and Peter Jackson participated. Go deeper
⚡️EV Realty, an SF-based truck charging provider, raised $75m led by NGP. Go deeper
⚡️Hydrostor, a Toronto-based long-duration energy storage developer and operator of advanced compressed air energy storage projects, raised $55m from Export Development Canada. Go deeper
🚑 Sevaro Health, a NYC-based neurological care company, raised $39m in Series B funding. Valtruis and Intermountain Ventures led, with participation from APA and Catalyst. Go deeper
• Numeral, an SF-based sales tax automation startup, raised $35m in Series B funding. Mayfield led, joined by Benchmark, Uncork Capital, YC, and Mantis VC. Go deeper
• Finary, a French wealth management platform, raised €25m in Series B funding. PayPal Ventures led, joined by LocalGlobe, Hedosophia, Shapers, and existing investors Y Combinator and Speedinvest. Go deeper
• Bwatech, a Saudi startup focused on corporate financial solutions, raised $16m(SAR 60m) led by Sharaka Financial. Go deeper
• Centari, an NYC-based deals insights platform, raised $14m led by Sentinel Global with participation from GTMfund, South Park Commons, Alt Capital, RiverPark Ventures, and Recall Capital. Go deeper
• ShopVision, a Vancouver-based analytics agent for merchants, raised $4.1m in seed funding led by Brightspark Ventures, joined by BDC Capital and Rhino Ventures. Go deeper
🚑 Moodwork, a French workplace mental health platform, raised €3.1m led by Newfund. Go deeper
⚡️WeaveGrid, an EV charging software company, raised funds from LG Technology Ventures. Go deeper
Private Equity
• Arbor Investments acquired Acxion Foodservice, an Odenton, Md.-based sales and marketing platform, from Prospect Hill Growth Partners. Go deeper
• Aspen Surgical, a portfolio company of Audax Private Equity, acquired Cygnus Medical (health care infection control) and Flagship Surgical (OR safety). Go deeper
• Astira Capital Partners acquired Altus Commercial Receivables, the commercial services division of ARMStrong Receivable Management, from BharCap Partners. Go deeper
• BRV Capital invested in Zettabyte, an SF-based GPU infrastructure solutions provider. Go deeper
• Counsel Press, a portfolio company of Align Capital Partners, acquired Firefly Legal, a Mokena, Ill.-based provider of process serving and other litigation services. Go deeper
• Onex Partners is buying Integrated Specialty Coverage, a California-based insurance platform, from KKR & Co. Go deeper
• PowerTransitions, a Partners Group portfolio company, completed its acquisition of a 226 MW seed portfolio of natural gas-fired power generation assets from Talen Energy (Nasdaq: TLN). Go deeper
• Regent agreed to buy Avon's non-Latin America business from listed Brazilian cosmetics maker Natura. Go deeper
• Spa Medicca, backed by Seven Hills Capital, acquired Skin Science Aesthetics, a Tallahassee, Fla-based aesthetics practice. Go deeper
• Vista Equity invested in Akuvo, a Malvern, Pa.-based provider of collections software. akuvo.com
Liquidity
• Ariel Alternative acquired Groome Industrial Service, a Denville, N.J.-based provider of specialty maintenance services, from Argosy Private Equity. Go deeper
• Atlassian (Nasdaq: TEAM) agreed to acquire DX, a developer productivity insights platform, for $1b in cash and stock. DX had been seeded by such firms as Preface Ventures, Prototype Capital and Iconiq. Go deeper
M&A
• Acuity Knowledge Partners, a London-based financial services provider, said it would acquire Ascent, a European digital services provider. Acuity was broken off from Moody's in 2019 and maintains the private equity firm Permira as a minority shareholder. Go deeper
• Advanced Drainage Systems (NYSE: WMS) is in advanced talks to buy the water management unit of Germany's Norma Group for around €850m, per Bloomberg. Go deeper
💊 Biogen, a Cambridge, Mass.-based biotech company, acquired spinal drug delivery startup Alcyone Therapeutics for $85m. Go deeper
• BMG Rights Management, a unit of Germany's Bertelsmann, paid a reported $250m for the catalog of country musician Jason Aldean. Go deeper
• GOJO, the Akron, Ohio-based maker of Purell hand sanitizer, is weighing a full or minority stake sale at nearly a $2b valuation, per Reuters. Go deeper
• Dow Jones acquired Eco-Movement, a Dutch EV charging station data company. Go deeper
• newtrul, a VC-backed, Chicago-based digital freight exchange, has been acquired by logistics fraud and compliance firm Highway. Go deeper
• South Korea's HD Hyundai Heavy Industries, the world's largest shipbuilder, is in talks to buy a U.S. shipyard in the hopes of tapping into President Trump's plan to revive the industry stateside. Go deeper
Going Public
• CloudKitchens, founded by former Uber CEO Travis Kalanick, has picked additional banks for an IPO of its Middle Eastern operations, per Bloomberg. Banks including JPMorgan Chase, SNB Capital and First Abu Dhabi Bank are set to join. Go deeper
Fundraising
• Glilot Capital, focused on cybersecurity, enterprise and AI software, raised $500m for Glilot Seed and Glilot Plus. glilotcapital.com
It's Personnel
• Ropes & Gray has hired Michael Brueck as an M&A partner. He previously worked at Kirkland & Ellis. Go deeper
Odds & Ends
⚡Octopus Energy Group, a British energy company, spun off its tech arm Kraken. Go deeper
⚡Nissan is halting production of its U.S.-model Ariya electric SUV. 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.
