Illustration: Allie Carl/Axios
Venture Capital
• Zero Hash, a Chicago-based crypto and stablecoin infrastructure provider, raised a $104m Series D extension at a $1b valuation. Interactive Brokers led and was joined by Morgan Stanley, Apollo, SoFi, Jump Crypto, Northwestern Mutual Future Ventures and Liberty City Ventures. Go deeper
• Obot AI, an SF-based open-source software company building for the Model Context Protocol standard, raised a $35m seed led by Mayfield Fund and Nexus Venture Partners. Go deeper
🚑 Manas AI, a NYC-based AI drug discovery and development company, raised $26m in seed extension funding. The General Partnership, Wisdom Ventures, Blitzscaling Ventures, Westbound Equity Partners, and Mosaic Ventures invested. Go deeper
🚑 Caregility, a Wall, N.J.-based telehealth company, raised $25m. Star Mountain Capital led the round. Go deeper
• Greptile, an SF-based code review platform, raised a $25m Series A led by Benchmark. Go deeper
🌎 Revyve, a Dutch yeast-based proteins developer, raised €24m led by ABN Amro Sustainable Impact Fund and Invest-NL, joined by BOM, Lallemand Bio-Ingredients, Grey Silo Ventures, Oost NL and Royal Cosun. Go deeper
⚡️ Telo Trucks, a San Carlos, Calif.-based electric truck maker, raised a $20m Series A led by tech designer Yves Behar and Tesla co-founder Marc Tarpenning, joined by To VC, E12 Ventures, Neo, Marc Benioff, Uncorrelated Ventures, Nova Threshold, and MCJ. Go deeper
• Raiku, a Solana-based payments platform, raised $13.5m led by Pantera Capital. Jump, Lightspeed, and Big Brain participated. Go deeper
• Epic Padel, a Virginia-based padel club operator, raised $10 million to expand in the U.S. The round was led by NowaisWorld and Stryde Ventures and joined by 305 Ventures, High Water Venture Partners, Lane Holdings, Off Court Ventures, and Silverback Capital Group. Go deeper
• InCountry, a Singapore-based data protection company, raised $10m in funding. Arbor Ventures led with participation from Caffeinated Ventures and Accelerator Ventures. Go deeper
• Phia, a New York-based AI-powered shopping agent, raised $8m in seed funding led by Kleiner Perkins. Go deeper
🌎 ArkeaBio, a Boston-based vaccine developer to cut livestock methane emissions, raised $7m in Series A+ funding led by Breakthrough Energy Ventures and AgriZeroNZ. Go deeper
🌎 Scindo, a U.K.-based enzyme-discovery and design startup, raised $5.4m in seed funding led by Kadmos Capital and Clay Capital, joined by Pinc, Synbioven, AgFunder, SOSV, Farvatn Venture and Savantus Ventures. Go deeper
• Superpanel, a legal intake automation startup, raised $5.3m. Outlander VC and Field Ventures led, joined by LOI Venture, Zenda Capital, 8-Bit Capital, and Behind Genius Ventures. Go deeper
• Workfully, a Spanish recruitment startup, raised €4m. Shilling VC led, joined by Indico, Pitchdrive, and Secways. Go deeper
• DaltonTx, a British drug discovery tech startup, raised £4m in seed funding from Redalpine, IQ Capital Partners, and Seedcamp. Go deeper
• Lifeguard, an Austin, Texas-based consumer scam prevention platform, raised $1.3m in seed funding from ScOp Venture Capital. Go deeper
Private Equity
🌎 Actis is acquiring 800 Super, a Singaporean environmental management firm, from Keppel Asia Infrastructure Fund and Keppel. Go deeper
• BellTower Partners, led by former Carlyle CEO Kewsong Lee, invested in the United Soccer League. Go deeper
• Blue Mantis, backed by Recognize, acquired Coreio, a Canadian IT services firm specializing in ServiceNow consulting. Go deeper
⚡ E Source, an Align Capital Partners portfolio company, acquired CF Power, a power systems engineering firm focused on grid modernization and interconnection studies. Go deeper
🚑 HCAP Partners invested in Real Diagnostics, a clinical laboratory specializing in rapid testing across UTIs, toxicology, respiratory conditions, and women's health. Salt Creek Capital backs RealDx. Go deeper
🚑 PAX Health, backed by HCAP Partners and Hamilton Lane, acquired Neuropsychology and Counseling Associates, a N.J.-based outpatient mental health practice serving children, adolescents, adults, and families. Go deeper
• Pivotal Growth acquired Believe Money Group, a U.K.-based mortgage company. Go deeper
• R.L. James, a Hidden Harbor Capital Partners portfolio company, acquired Bradenton, Fla.-based building services provider Commercial Plastering USA. rljames.com
Liquidity
• Axcel is seeking to sell Danish IT consultant Emagine at a €700m valuation, per Bloomberg. Go deeper
M&A
• Bank of Montreal (TSX: BMO) is seeking to sell a group of U.S. branches that have around $6b of deposits, per the WSJ. Go deeper
• DallasNews (Nasdaq: DALN) shareholders approved a $16.50 per share takeover offer from Hearst, rejecting a $20 per share bid from Alden Global. Go deeper
• Glooko, a Palo Alto, Calif.-based provider of remote patient monitoring and chronic care management for diabetes, acquired Monarch Medical Technologies, developer of glucose management solutions. Glooko has raised over $500m from firms like Georgian, Health Catalyst Capital, and Canaan Partners. glooko.com
It's Personnel
• Yvonne Hao is joining Flagship Pioneering as a general partner and COO. She previously led economic development for Massachusetts and before that co-founded Cove Hill Partners. Go deeper
• Rohit Dhake and Ryan Aprill were promoted to partner at Rotunda Capital Partners. 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.
