Illustration: Sarah Grillo/Axios
Venture Capital
• Vantaca, a Wilmington, NC-based housing association management software developer, raised more than $300m in a minority investment at a $1.25b valuation. Cove Hill Partners led, with participation from JMI Equity. Go deeper
💊 Kardigan, a cardiovascular drug developer, raised a $254m Series B. Fidelity, T. Rowe Price, ARCH Venture Partners and Sequoia Heritage invested. Go deeper
• Reducto, an SF-based AI document company, raised $75m in Series B funding. A16z led, joined by Benchmark, First Round Capital, BoxGroup, and Y Combinator. Go deeper
• Campfire, an SF-based ERP for finance teams, raised a $65m Series B co-led by Accel and Ribbit. Foundation Capital and Y Combinator participated. Go deeper
• Starship Technologies, a San Francisco-based autonomous delivery startup, raised a $50m Series C led by Plural. Karma.vc, Latitude, Coefficient Capital, SmartCap and Skaala joined. Go deeper
• Viven, a San Francisco-based digital twin platform, raised a $35 million seed round. Khosla Ventures, Foundation Capital, FPV Ventures, Operator Collective, and angel investors participated. Go deeper
⚡️Prisma Photonics, a Tel Aviv-based infrastructure monitoring platform, raised $30m led by Protego Ventures. Adara Ventures, Insight Partners, Chione Switzerland, and SE Ventures joined. Go deeper
• MatrixSpace, a Burlington, Mass.-based radar counter drone sensing company, raised $20m in Series B funding. The Raptor Group and OTB Ventures led. L3Harris joined. Go deeper
🚑 OutcomesAI, a Boston-based provider of virtual nursing tools to help scale care, raised $10m in seed funding led by Santé Ventures. Go deeper
• Matters.AI, an SF-based data security company, raised $6.3m. The Kalaari Capital and Endiya Partners led the $4.8m seed, and Better Capital and Carya Venture Partners led the $1.5m pre-seed. Go deeper
• Woz, an SF-based AI app-building company, raised $6m in seed funding. Cervin Ventures led, joined by Burst Capital, Y Combinator, Untapped Ventures, MGV, and the Lacob Family. Go deeper
🌎 Sonic Fire Tech, a Rocky River, Ohio-based fire suppression startup, raised $3.5m from investors including Khosla Ventures and Third Sphere, per TechCrunch. Go deeper
🚑 IO Health Technologies, a Pasadena, Calif.-based health documentation company, raised $2m in seed funding led by Nina Capital. Go deeper
Private Equity
• Active Thermal Solutions, backed by LDR Partners, invested in D&B Heat Transfer Products, a Michigan-based provider of radiator and heat-exchanger services. Go deeper
🚑 GTCR invested $200m in Solmetex, a provider of dental products to practices. Go deeper
• Oakley Capital invested in NOX, a premium padel equipment brand. GPF Partners retains a minority stake. Go deeper
🚑 Oakley Capital invested in ONHC, an Italian health care insurance services company. Go deeper
• Saothair Capital Partners acquired GatesAir, a Mason, Ohio-based over-the-air content delivery and public safety communications equipment company. Go deeper
⚡️Quinbrook acquired a majority stake in Victoria, British Columbia-based Elemental Clean Fuels. Go deeper
Liquidity
• S&P Global (NYSE: SPGI) agreed to acquire With Intelligence, a London-based asset management data company, for $1.8b in cash from investors led by Motive Partners. Go deeper
M&A
• ARCHIMED bought DermaPharm A/S, a Denmark-based developer and manufacturer of skin care products. DermaPharm operates within the consumer health sector, one of ARCHIMED's priority sectors. Go deeper
It's Personnel
• Anthropic has hired investors and bankers to do more M&A. In recent months, it has hired Andrew Zloto (former Softbank's Vision Fund) to lead corporate development and James Black (fmr partner at IVP, per the Information. Go deeper
🚑 Byron Crowe joined Doctronic AI as chief medical officer. He was previously CMO at Solera Health. Go deeper
• Electric Capital added Ren Crypto Fish as a general partner. 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.
