Illustration: Allie Carl/Axios
Venture Capital
• Reflectiz, a Boston-based web exposure management startup, raised a $22m Series B. Fulcrum Equity Partners led, joined by Capri Ventures, YYM Ventures, AFG Partners, and others. Go deeper
• Uluu, an Australian seaweed materials maker, raised A$16m in Series A funding. Burda Principal Investments led, joined by Main Sequence, Novel Investments, Startmate, Fairground and Trinity Ventures. Go deeper
🚑 Sparrow BioAcoustics, a Canadian cardiac technology startup, raised $10m led by Killick Capital and Klister Credit and joined by Pelorus VC, 98827 Newfoundland & Labrador and Brinex Capital. Go deeper
• TestSprite, a Seattle-based agentic testing tool, closed a $6.7m seed round. Trilogy Equity Partners led, joined by Techstars, Jinqiu Capital, MiraclePlus, Hat-Trick Capital, Baidu Ventures, and EdgeCase Capital Partners. Go deeper
• Marleybones, a London-based premium dog food brand, raised £2.5m led by TAW Ventures. Go deeper
Private Equity
• Abry Partners invested in AA Ireland, a provider of roadside assistance and insurance products. Go deeper
• Bain Capital agreed to buy a minority stake in Innocap, a Canadian managed accounts provider. Go deeper
• Nortera Foods, a portfolio company of La Caisse and Fonds de solidarite FTQ, acquired the Green Giant and Le Sieur brands in Canada from B&G Foods (NYSE: BGS). Go deeper
• Peak Toolworks, a Jasper, Ind.-based portfolio company of Granite Creek Capital Partners, acquired Southern Carbine, a Shreveport, La.-based tooling and sharpening company. Go deeper
• Platinum Equity closed its acquisition of Anuvu, a Lombard, Ill.-based provider of entertainment and high-speed connectivity for airlines. Sellers included Apollo. Go deeper
M&A
⚡️ Hitachi Energy acquired a minority stake in energy grid services provider Shermco, owned by Blackstone. Go deeper
• Porsche is considering an investment into Volkswagen's Everllence diesel engine unit, per the FT. Porsche already is one of VW's largest shareholders. Go deeper
Debt
• Closed Loop Partners issued a multimillion-dollar loan to a materials recovery facility called Superior Fine Grind in Connellsville, Penn. Go deeper
• The Department of Energy's Loans Program Office announced it has finalized a $1.5b loan to Wabash Valley Resources to finance a coal and ammonia fertilizer facility in West Terre Haute, Ind. Go deeper
It's Personnel
• Anton Tomchenko, former chief revenue and solutions officer at Hexaware Technologies, was named CEO of FullStack. Go deeper
• Chris Aguemon and Bill Strobel joined AE Industrial Partners as vice presidents in Washington, D.C. Aguemon previously was with Arlington Capital Partners, while Strobel was at Liberty Strategic Capital. www.aeroequity.com
• Kruti Patel Goyal, president and chief growth officer at Etsy (NYSE: ETSY), will be promoted to CEO effective Jan. 1, 2026. CEO Josh Silverman will transition to executive chair. Go deeper
• Mala Murthy, former CFO of Teladoc Health (NYSE: TDOC), joined TriNet (NYSE: TNET) as EVP and CFO, effective Nov. 28. Go deeper
🚑 Matthew Nour joined Microsoft AI as clinical lead for behavioral health. He was previously senior clinical researcher in computational psychiatry at the University of Oxford. Go deeper
• Takis Georgakopoulos, current COO of technology and merchant solutions, and Dhivya Suryadevara, former CEO of Optum Financial Services, were named co-presidents of Fiserv (NYSE: FI), effective Dec. 1. Paul Todd, former CFO of Global Payments, joined as CFO. Go deeper
🚑 Taylor Justice became CEO of Unite Us, succeeding Dan Brillman, who is leaving the company. Go deeper
