Illustration: Aïda Amer/Axios
💊 Veradermics, a New Haven, Conn.-based hair-loss biotech, raised $150m in Series C funding. SR One led, joined by Viking Global, Marshall Wace, Invus, Columbia Threadneedle, Infinitium, and LifeSci Venture Partners. Go deeper
• General Intuition, an AI lab using gaming content for training, raised $133.7m in seed funding led by Khosla Ventures and General Catalyst. Go deeper
💊 Peptilogics, a Pittsburgh-based developer of treatments for medical device infections, raised $78m in Series B2 funding. Presight Capital, Thiel Bio and Founders Fund led, joined by AMR Action Fund, Narya Capital, and Beyond Ventures. Go deeper
💊 Step Pharma, a French cancer therapy biotech, raised €38m in Series C funding. V-Bio Ventures led, joined by Pontifax, Bpifrance, Kurma Partners, Hadean Ventures, Sunstone Life Science Ventures, and Inserm Transfert Initiative. Go deeper
💊 Liberate Bio, a Boston-based lipid nanoparticle startup, raised a $31m seed round from Khosla Ventures. Go deeper
💊 BridGene Biosciences, a San Jose, Calif-based oncology and autoimmune disease biotech, raised $28m in Series B+ funding. Bayland Capital led, joined by GTJA Investment Group, Proxima Ventures, Lapam Capital, and Grains Valley VC. Go deeper
• OneLayer, an Israeli zero trust security startup, raised $28m in Series A funding. Maor Investments led, joined by McRock Capital, Chevron Technology Ventures, Viola Ventures, Grove Ventures, and Koch Disruptive Technologies. Go deeper
🚑 Counsel Health, a New York-based clinical chatbot, raised $25m in Series A funding. A16z and GV led, joined by insiders Asymmetric, Floodgate, and Pear VC. Go deeper
💊 Omnix Medical, an Israeli developer of infection treatments, raised $25m in Series C funding. Harel Insurance & Finance and EIC Fund led, joined by Entree Capital, Tal Ventures, Xenia Ventures, Oriella Limited, Prevail Partners, and OurCrowd. Go deeper
💊 Bexorg, a New Haven, Conn.-based startup that tests drugs on donated human brains, raised $23m in Series A. Engine Ventures led, joined by Connecticut Innovations, E1 Ventures, Amplify Partners, and Starbloom Capital. Go deeper
⚡Daylight Energy, a distributed energy resources startup, raised $15m from Framework Ventures, a16z, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital. It also secured $60m in project development capital led by Turtle Hill Capital. Go deeper
• Strella, a New York-based customer research platform, raised $14m in Series A funding led by Bessemer Venture Partners and joined by Decibel Partners, Bain Future Back Ventures, MVP Ventures, and 645 Ventures. Go deeper
• Armstrong, an SF-based restaurant kitchen robot developer, raised $12m from Lerer Hippeau, Bloomberg Beta, Next Play Ventures, Transmedia Capital, and WestWave Capital. Go deeper
🚑 Triplemoon, an Austin, Texas-based pediatric mental health startup, raised $3.5m in seed funding led by LiveOak Ventures and Activate Venture Partners. Go deeper
💊 Graph AI, an SF-based regulatory safety monitoring company, raised $3m in seed funding led by Bessemer Venture Partners. Go deeper
🚑 Every Health, a virtual health clinic focused on the LGBTQ+ community, raised $1.3m in seed funding led by Czech Founders. every.health/en
Private Equity
• Bonterra, an Apax Partners portfolio company, acquired OneCause, a Carmel, Ind.-based provider of digital fundraising software for nonprofits. OneCause had raised around $16m from MK Capital, Wintrust Ventures, Collina Ventures, and Allos Ventures. Go deeper
• Codis, a St. Louis-based commercial spray drying company, raised funding from 1315 Capital, BroadOak Capital Partners and Research Corporation Technologies. Go deeper
• Edge Industrial Technologies, backed by Falfurrias Management Partners, acquired Carbonomics, a British manufacturer of precision-ground machine knives. Go deeper
• LFM Capital acquired Vintage Air, a San Antonio-based maker of AC systems for classic cars and trucks. Go deeper
Liquidity
• Lennox International (NYSE: LII) acquired the HVAC unit of Sentinel Capital Partners portfolio company NSI Industries. Go deeper
Going Public
• Exzeo Group, an insurance underwriting and analytics platform being carved out of HCI Group (NYSE: HCI), set IPO terms at 8m shares for $20-$22. That represents a $1.9b market cap at the midpoint. It plans to list on the NYSE (XZO). Go deeper
It's Personnel
• Sara Graziano joined ArcLight as a partner. She was previously a partner and CIO at SER Capital Partners. Go deeper
Odds & Ends
💊 AstraZeneca agreed to pay up to $85m to New York-based Immunai to develop an inflammatory bowel disease therapy. 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.
