Illustration: Sarah Grillo/Axios
Venture Capital
• Ecorobotix, a Switzerland-based smart pesticide spraying system, raised $150m in a $45m Series C in 2024 and a $105m Series D in 2025. Highland Europe, The European Circular Bioeconomy Fund, and McWin Capital Partners led. Go deeper
🚑 MD Integrations, a New York-based telehealth platform, raised $77m from Updata Partners and Denali Growth Partners. Go deeper
• Dreamdata, a B2B marketing platform, raised $55m in Series B funding. PeakSpan Capital led, joined by InReach Ventures, Angel Invest, Curiosity Venture Capital and Crowberry Capital. Go deeper
🚑 ABK Biomedical, a Halifax, N.S.-based maker of imageable embolic medical devices, raised $35m in Series D funding. J.P. Morgan Life Sciences Private Capital led with participation from F-Prime, Santé Ventures, and Eight Roads Ventures. Go deeper
• Basis Theory, an SF-based payments infrastructure company, raised $33m in Series B funding led by Costanoa, with participation from Stage 2 Capital, Moneta VC, Bessemer Venture Partners, Kindred Ventures, Box Group, and Offline Ventures. Go deeper
🚑 MediView, a Cleveland, Ohio-based developer of AR surgical navigation and image fusion tech, raised $24m in Series A funding led by GE HealthCare with participation from Cleveland Clinic, Mayo Clinic, Edge Ventures, and JobsOhio Growth Capital Fund. Go deeper
🚑 Marble Health, a New York-based pediatric mental health company, raised $15.5m led by Costanoa. Town Hall Ventures and Khosla Ventures joined. Go deeper
🚑 Medmo, a NYC-based provider of radiology appointment management tools, raised $15m in Series A funding led by Covera Health with participation from insiders Origin Ventures, Lerer Hippeau, Digital Health Venture Partners, and Toppan Global Venture Partners. Go deeper
🚑 WellTheory, a remote provider of nutrition and lifestyle coaching to reduce autoimmune disease symptoms, raised $14m in Series A funding led by General Catalyst with participation from 7wire Ventures, Ingeborg Investments, Accel, Box Group, and Up2 Opportunity Fund. Go deeper
🚑 Zingage, a NYC-based provider of virtual home care delivery tools, raised $12.5m in seed funding led by Bessemer Venture Partners with participation from TQ Ventures, South Park Commons, WndrCo, and Ramp execs. Go deeper
• Ascribe Bio, an Ithaca, N.Y.-based biofungicide startup, raised a $12m Series A round co-led by Corteva and Acre Venture Partners and including Syngenta Group Ventures, Trailhead Capital, Silver Blue LLC, Cultivation Capital, and The Yield Lab. Go deeper
⚡ NxLite, a Canton, Mich.-based energy-efficient window coatings startup, raised a $9.2m Series A round led by Crabtree Lane Alt and including Earth Foundry, MUUS, New Climate Ventures, and ACT Venture Partners. Go deeper
🚑 Sibel Health, a Chicago-based provider of patient remote monitoring tools, raised $9m in Series C extension funding from Maruho Co. and Samsung Next. Go deeper
🚑 Pear Suite, an LA-based operating system for community health workers, raised $7.6m in Series A funding led by Rock Health Capital and Nexxus Holdings with support from Mucker Capital, Enable Ventures, The SCAN Foundation, Acumen America, Impact Engine, the California Health Care Foundation, Open Venture Capital, Incisive Ventures, and 7BC Venture Capital. Go deeper
🚑 Everbright Health, an SF-based provider of mental health advanced intervention tools, raised $7m in seed funding from W Health Ventures and Sanos Capital. Go deeper
🚑 Altitude, a remote clinician upskilling company focused on nurse practitioners, raised $5.4m in seed funding led by Lerer Hippeau. Go deeper
🚑 Smartlens, a glaucoma monitoring device maker, raised $5.2m led by Ambit Health Ventures, with participation from Graphene Ventures, Boutique Venture Partners, and Harvard Business School Alumni Angels GNY. Go deeper
🚑 Alleviate Health, a Durham, N.C.-based patient recruitment company for clinical research sites, raised $4.3m in seed funding led by Andreessen Horowitz. Go deeper
Private Equity
• Astira Capital Partners acquired CallRevu, a Towson, Md.-based call intelligence platform for the auto industry. Go deeper
• Excelitas Technologies Corp., a portfolio company of AEA Investors, plans to acquire Luxium Solutions, a Hiram, Ohio-based provider of single crystal scintillation materials for radiation detection, from SK Capital Partners and Edgewater Capital Partners. Go deeper
• Main Capital Partners acquired TrustArc, a Walnut Creek, Calif.-based provider of risk management software, from Bregal Sagemount. trustarc.com
🚑 Marlin Equity Partners invested in Intelligent Locations, a Raleigh, N.C.-based provider of real-time location system software for health care enterprises. Go deeper
• Norlee Group, a Heartwood Partners portfolio company, acquired Beaumont Electric Co., a Naples, Fla.-based electrical services firm. Go deeper
• Northrim Horizon invested in Solutions360, a Canadian provider of ERP software for systems integrators. Go deeper
• Serent Capital invested in Edulog, a Missoula, Mont.-based provider of student transportation software for K-12 school districts. Go deeper
Public Offerings
• Cardinal Infrastructure Group, a Raleigh, N.C.-based provider of wet utility services, filed for an IPO. It reports $13m of net income on $188m in revenue for the first half of 2025 and plans to list on the Nasdaq. Go deeper
• General Purpose Acquisition, a SPAC targeting maritime businesses and digital infrastructure, filed for a $200m IPO. Go deeper
Liquidity
• GIC is in talks to sell its 32% stake in French gas transmission firm Terega to Spain's Engas (Madrid: ENAG), per Reuters. Go deeper
M&A
🚑 R1, a Murray, Utah-based provider of health care revenue cycle management tools, agreed to acquire Phare Health, a New York-based provider of inpatient coding and clinical documentation improvement tools. The previously British company had raised a €2.8 million seed round led by General Catalyst. Go deeper
⚡ Citadel acquired German power trading company FlexPower for an undisclosed amount. Go deeper
Fundraising
• RCP Advisors raised $1.26b for its fifth PE secondaries fund. Go deeper
• Shore Capital Partners raised $625m for its sixth flagship PE fund focused on health care, and $225m for its second search fund. Go deeper
It's Personnel
🚑 Bennett Blau, former managing director in Goldman Sachs' health care investment banking group, joined Evercore in June as a senior managing director focused on medtech. Go deeper
• Chris DiOrio and Kieran Ryan left Goldman Sachs to join Wells Fargo as head of industrials M&A and head of sponsor M&A, respectively. Go deeper
• Todd Eagle left Goldman Sachs to join Jefferies as managing director and head of U.S. real estate. Go deeper
• Gabe Gelman, former head of Americas equity capital markets at Goldman Sachs, joined Baker Brothers Advisors as head of capital solutions in June. Go deeper
• Geddes Johnson, a former managing director at Goldman Sachs, joined FIS as head of strategy and M&A in March. Go deeper
• Brett Miller and Eric Quanbeck left Goldman Sachs in May to join JPMorgan as co-head of software investment banking and head of applied technology, respectively. Go deeper
• Ryan Nolan, former tech banker at Goldman Sachs, joined BDT & MSD Partners as managing director and global co-head of software in January. Go deeper
• Jonathan Slaughter left Goldman Sachs to join JPMorgan in February as managing director of business services. Go deeper
• Devin Wilde left Goldman Sachs to join Morgan Stanley as managing director. Go deeper
Odds & Ends
• General Motors says it will take a $1.6b earnings charge from a slower rollout of EVs. Go deeper
• ESS, a Wilsonville, Ore.-based flow battery maker, has raised $40m in one-year promissory notes from Yorkville's YA II PN fund. 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.
