Illustration: Sarah Grillo/Axios
Venture Capital
🚑 Inspiren, a New York-based senior living technology company, raised a $100m Series B led by Insight Partners. Avenir, Primary Venture Partners, Scale Venture Partners, Story Ventures, Third Prime and Studio VC joined the round. Go deeper
🚑 Thyme Care, a Nashville, Tenn.-based value-based cancer care company, raised $97m in Series D funding, valuing it at over $1b. CVS Health Ventures, Foresite Capital, a16z, Concord Health Partners, Town Hall Ventures, and AlleyCorp invested. Go deeper
• Factory, an SF-based software development platform, raised $50m in Series B funding at a $300m valuation. Investors included NEA, Sequoia Capital, Nvidia, and JPMorgan. factory.ai
• Valence, an NYC-based enterprise AI coach, raised $50m in Series B funding led by Bessemer Venture Partners. Go deeper<br/><br/>• Beroe, an India- and N.C.-based procurement decisioning company, raised $34m from investors including Relativity Resilience Fund, Mukul Agrawal, Ashish Kacholia, Lashit Sanghvi and Alchemy Long Term Ventures Fund. beroeinc.com
• Axon Therapies, an NYC-based clinical-stage medical device company focused on heart failure, raised $32m led by Earlybird Venture Capital and Santé Ventures, with participation from Deerfield Management, CD Capital and KOFA Healthcare. Go deeper
🚑 Daymark Health, a Philadelphia-based cancer care company, raised $20m in Series A funding led by Healthier Capital and Blue Venture Fund, with participation from insiders Yosemite, Maverick Ventures, and Oncology Ventures. Go deeper
• Prelude Security, an NYC-based endpoint protection platform, raised $16m led by Brightmind Partners, with participation from Sequoia Capital and Insight Partners. Go deeper
• Resbiotic Nutrition, a Birmingham, Ala.-based maker of dietary supplements, raised $8m in Series A funding from Sororibus Capital and Biostack Ventures. Go deeper
🚑 Bonsai Health, a Santa Monica, Calif.-based health care workflow automation company, raised $7m in seed funding led by Bonfire Ventures and Wonder Ventures. Go deeper
• FREDsense, a Canadian rapid water testing tech maker, raised $7m in Series A funding led by HG Ventures, with participation from Emerald Technology Ventures. Go deeper
• Burnt, an SF-based food supply chain automation startup, raised $3.8m in seed funding. Penny Jar Capital led, joined by Scribble Ventures and Formation VC. Go deeper
• Ardent AI, an SF-based data engineering agentic company, raised $2.2m in pre-seed funding led by Crane Venture Partners, with participation from Active Capital, Zach Wilson, and a group of operator-angels. Go deeper
Private Equity
• Acadia Capital Group invested in Trailmix Labs, a Portland, Maine-based AI and workflow automation company. trailmixlabs.com
💊 Archimed acquired a majority stake in ExcellGene, a Swiss biotech contract manufacturer. excellgene.com
🚑 Blackstone is weighing a potential sale or IPO of Ancestry.com, per Reuters. Go deeper
• Blackstone, Warburg Pincus and Nordic Capital are among those looking to invest in Sebia, a French diagnostics provider that could be valued around €5b, per Bloomberg. Go deeper
• BNP Associates, a Godspeed Capital Management portfolio company, acquired Studdiford Technical Solutions, an airport systems and transportation security consultant. Go deeper
• Goldman Sachs Infrastructure Fund has acquired the Texas-based waste management Liquid Environmental Solutions, a portfolio company of the Audax Group. Go deeper
• The Integration Group, a portfolio company of Maxwell Street Capital Partners, agreed to acquire PDM, a Boone, Iowa-based packaging, warehousing, and transportation provider. Go deeper
• Mark Ein is taking a minority stake in MLB's Baltimore Orioles. Go deeper
• Shore Capital Partners invested in Comfort Temp Company, a Gainesville, Fla.-based provider of commercial and residential HVAC, refrigeration, and plumbing services. Go deeper
Going Public
💊 Drugs Made In America Acquisition II, a pharma SPAC led by Lynn Stockwell, raised $500m in the year's largest SPAC IPO. Go deeper
• Exzeo Group, an insurance underwriting and analytics platform being carved out of HCI Group (NYSE: HCI) filed for a $100m IPO. It reports $40m of net income on $108m in revenue for the first half of 2025 and plans to list on the NYSE (XZO). Go deeper
• Emmis Acquisition, a SPAC targeting services, manufacturing, and distribution businesses, raised $100m in its IPO. Go deeper
Fundraising
• Razor's Edge, a national security-focused VC firm, raised $560m for its fourth fund. Go deeper
• Touring Capital, an SF-based venture firm, raised $330m for its first fund. Go deeper
It's Personnel
• KKR & Co (NYSE: KKR) added Craig Arnold to its board. He was previously CEO of Eaton Corp. Go deeper
Odds & Ends
⚡️ Acura halted production of its only electric model, the ZDX crossover SUV. Go deeper
💊 Merck & Co. is paying $7.5m and up to $592m to license an AI platform-based vaccine candidate from Danish biotech Evaxion. Go deeper
🌎 GHGSat, a Canadian emissions monitoring tech developer, raised C$47m in convertible notes (Yaletown Partners, Fonds de solidarite FTQ and BDC Capital) and debt (led by National Bank of Canada). 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.
