Illustration: Aïda Amer/Axios
Venture Capital
💊 Periodic Labs, an "AI scientist" startup, raised $300m in seed funding. A16z led, joined by DST, Nvidia, Accel, Elad Gil, Jeff Dean, Eric Schmidt, and Jeff Bezos. Go deeper
💊 Crystalys Therapeutics, an SF-based biotech focused on gout, raised $205m in Series A funding. Novo Holdings, Catalys and SR One led, joined by Lightstone VC, Longwood Fund, and Alexandria Venture Investments. Go deeper
• Viamericas, a Coral Gables, Fla.-based provider of remittance and international money transfer services, raised $113.6m. Old National Bank led with participation from Bank of Oklahoma Financial, Axos Bank and U.S. Bank. Go deeper
• Firehawk Aerospace, a Dallas-based defense tech, raised $60m. 1789 Capital led. Go deeper
💊 Full-Life Technologies, a Shanghai-based radiotherapeutics company, raised $50m in Series C funding and $27m in debt financing. Junson Capital led, joined by Lapam Capital, Plaisance and TruMed Investment. Go deeper
• RunBuggy, a Tempe, Ariz.-based platform connecting car shippers and haulers, raised $37m in Series B funding. Centana Growth Partners led, joined by OMI Capital. Go deeper
🚑 Visana Health, a Minneapolis-based provider of virtual-first women's care, raised $24m in Series A funding led by Noro-Moseley Partners with support from new backers The Cigna Group Ventures and Intermountain Ventures, plus insiders Flare Capital Partners and Frist Cressey Ventures. Go deeper
🚑 SureCo, a Santa Ana, Calif.-based individual coverage health reimbursement arrangement (ICHRA) administrator, raised $23m in Series A funding led by Health Velocity Capital with participation from Kaiser Permanente Ventures. Go deeper
• Alex, a startup developing AI-powered recruiting tools, raised $17m in Series A funding led by Peak XV Partners. Y Combinator and Uncorrelated Ventures participated. Go deeper
• Lastro, a Brazilian residential proptech, raised $15m in Series A funding led by Prosus Ventures. lastro.co
• Datawizz, an SF-based developer of specialized language models, raised a $12.5m seed round. Human Capital led, with participation from BGV and 91VC. Go deeper
• ConCntric, an SF-based preconstruction platform, raised $10m in Series A funding. 53 Stations led, joined by Argonautic Ventures. concntric.com
• StackGuardian, a Belgium-based infrastructure automation startup, raised $10m in seed and Series A funding. TIN Capital led the Series A, with participation from Volta Ventures and InvestLink. Go deeper
• InOrbit.AI, a Mountain View, Calif.-based provider of robot orchestration software, raised $10m in Series A funding led by L'attitude Ventures and Globant Ventures. Go deeper
🚑 BeSound, a breast cancer imaging startup, raised $6.8m in seed funding from Overwater Ventures, Kindred Ventures, Muse Capital, Lux Capital, Wisdom.VC, Retron VC, Mana Ventures, Pave Health Ventures, and SSC Venture Partners. Go deeper
• Tato, a Montreal-based project intelligence platform, raised $5m in seed funding. Ridge Ventures led, joined by Myriad Venture Partners, Betaworks, and RRE Ventures. Go deeper
🚑 DataJoint, a Houston-based computational database and AI platform for neuroscience, oncology and systems biology, raised a $4.9m seed round. It was led by Nina Capital, Inoca Capital Partners and Capital Factory. Go deeper
🚑 NoBACZ Healthcare, a British veterinary wound-care startup, raised £4.8m. The Yield Lab led, joined by Adjuvo, ACF Investors, the University of Cambridge, Parkwalk, The FSE Group, and Cambridge Enterprise Ventures. Go deeper
⚡️ Boldr, a London-based residential power plant startup, raised $3.2m from Ada Ventures, Unconventional Ventures, Inclimo Climate Tech Fund, Prosegur, Techstars, S20 Fund, and Viva Holdings. Go deeper
• Hupside, a Washington, D.C.-based developer of tech to measure human creativity, raised $1.7m in pre-seed funding led by Ruxton Ventures. Go deeper
Private Equity
• Artemis Capital Partners acquired Millrock Technology, a freeze-drying instrumentation and ancillary products company. Go deeper
⚡️ BDC Capital acquired a minority stake in PMC Energy, a provider of energy-efficiency retrofits and services. Go deeper
⚡️ MidOcean, an LNG company backed by EIG, agreed to buy a 20% stake in certain Canadian entities of Brazil's Petronas. Go deeper
• Njord Partners acquired Red Funnel, a U.K. ferry operator. Go deeper
🚑 Revelstoke invested in Griffin Concierge Medical, a Tampa-based 24/7 primary care firm. Go deeper
⚡Nuveen acquired a majority interest in industrial energy services company Ally Energy Solutions. Go deeper
Going Public
• LG Electronics will launch an IPO for its India arm next month, with hopes of an $8.7b valuation. Go deeper
Liquidity
💊 Permira is weighing a sale of Neuraxpharm, a German CNS biotech that could fetch €3b to €4b, per Bloomberg. Go deeper
M&A
• Banco Sabadell (Madrid: SAB) rejected a sweetened €17b takeover offer from BBVA (M: BBVA). Go deeper
• Berkshire Hathaway is in talks to acquire Occidental Petroleum's petrochemical business for around $10 billion, per WSJ. Go deeper
• Meta is acquiring Rivos, a chipmaker backed by Dell and Intel reportedly seeking funding at a $2 billion valuation last month, for an undisclosed price. Go deeper
Fundraising
💊 Mission BioCapital, an early-stage biotech investor, raised $134m for its sixth fund. Go deeper
It's Personnel
• Emerald Lake Capital Management added Eric Rea as principal and Bobby Jahrling as associate. 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.
