Illustration: Brendan Lynch/Axios
Venture Capital
💊 Trogenix, a Scottish brain cancer immunotherapy company, raised £70m in Series A funding. IQ Capital led, joined by Eli Lilly, 4BIO Capital, Cancer Research Horizons, and the Brain Tumour Investment Fund. Go deeper
💊 NanoPhoria Biosciences, an Italian biotech focused on heart failure, raised €83.5m in Series A funding from XGEN Venture, Sofinnova Partners, CDP Venture Capital, and Panakès Partners. Go deeper
• Bee Maps, an SF-based map data company, raised $32m from Pantera Capital, LDA Capital, Borderless Capital, and Ajna Capital. Go deeper
⚡️OpenSolar, an SF-based provider of solar installer software, raised $20m from Titanium Ventures, Google, and 2150. Go deeper
🌎 SwarmFarm Robotics, an Australian ag robots developer, raised A$30m. Edaphon led, joined by Clean Energy Finance Corporation and QIC. Go deeper
• Bettani Farms (fka Climax Foods), a Berkeley, Calif.- based food tech startup focused on cheese, raised $6.5m in Series A funding. S2G Investments led, joined by At One Ventures, Gratitude Railroad, Manta Ray Ventures, and Toba Capital. Go deeper
• Supermemory, a memory solution for AI, raised $2.6m from Susa Ventures, Browder Capital, and SF1.vc. Go deeper
🌎 Terra Robotics, a Greek developer of laser-weeding robots, raised €1.8m led by Uni.Fund, joined by Genesis Ventures, Helidoni Group, and the Hellenic Business Angels Network. Go deeper
Private Equity
• Advent International and Corvex Private Equity will buy exec search firm Heidrick & Struggles (Nasdaq: HSII) for $1.3b, or $59 per share (19.2% premium to Friday's close). Go deeper
• Cadogan Tate, backed by TSG Consumer, acquired Trefethen & Co Bader & Olson, a Seattle-based furniture receiving, warehousing, delivery, and installation company. Go deeper
• Carlyle is emerging as the frontrunner to acquire BASF's coatings business, which could fetch $7b, per Bloomberg. A consortium led by KPS Capital Partners dropped out. Go deeper
• HGGC invested in Sterling Brokers, a Canadian benefits brokerage and third-party administrator backed by True Wind Capital. Go deeper
• Plusgrade, a Canadian ancillary revenue optimization company owned by General Atlantic, acquired Oaky, a Dutch upselling platform. Go deeper
• Terramont Infrastructure Partners acquired a majority interest in Bull Moose Capital, a Canadian provider of natural gas compression solutions, from TriWest Capital Partners. Go deeper
M&A
🌎 Farmers Business Network, a San Carlos, Calif.-based ag marketplace, spun off its crop-protection products supplier, Global Crop Solutions. Go deeper
Public Offerings
• GigCapital8, a SPAC led by Avi Katz, raised $220m. Go deeper
Fundraising
• TCG Crossover closed its third fund with $1.3b. Go deeper
It's Personnel
• Richard Eddison joined Third Point as a managing director of private credit. He previously was with Apogem Capital. Go deeper
• Gabriel Petcu joined Societe Generale to work on health care M&A. He previously was with HSBC. Go deeper
• Ricardo C. Rodriguez joined Amprius as CFO. He previously was CFO and treasurer of Aspen Aerogels. 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.
