Illustration: Maura Losch/Axios
Venture Capital
💊The Every Company, a precision fermentation company making egg proteins, raised a $55m Series D. McWin Capital Partners led, joined by Main Sequence, Bloom8, TO.VC, Minerva Foods, Grosvenor Food & Ag, New Agrarian, and SOSV. Go deeper
• DeepJudge, a Swiss AI search startup for law firms, raised $41.2m in Series A funding. Felicis led, joined by Coatue. Go deeper
• Sunflower Labs, a Stallikon, Zurich-based drone security system company, raised $16m in Series B funding led by Sequoia Capital. Alarm.com, DRONE FUND, Gentian Investments, Wakestream Ventures, Atlas Ventures, and Daybreak Ventures joined. Go deeper
🚑 IgniteData, a New Castle, Del.-based clinical trial data automation company, raised an $11m Series A round. FCA Venture Partners led, joined by Labcorp Venture Fund, Epsilon, SpringTide and Oncology Ventures. Go deeper
• Parable, a NYC-based observability platform for enterprises, raised $11m in seed funding. HOF Capital led, joined by InMotion Ventures and Story Ventures. Go deeper
• Portal26, a San Jose, Calif.-based startup helping companies protect employees from risky AI applications, raised a $9m Series A round. Shasta Ventures led, joined by Fusion Fund. Go deeper
• Ruli.ai, an Austin, Texas-based legal intelligence platform, raised $6m in seed funding. Album VC led, joined by SignalFire, PJC, Foothill Ventures, Mana, and Genius Ventures. Go deeper
• Fit Collective, a London-based fashion-tech startup using AI to "fix" sizing, raised £3m in pre-seed funding from AlbionVC, Superseded, True and January Ventures. Go deeper
• Planbase, an SF-based employee management platform for health care, raised $2.1m. Y Combinator and LocalGlobe invested. Go deeper
• C.Scale, a San Francisco-based low-carbon building marketplace startup, raised a $2m preseed funding co-led by Active Impact Investments and Wireframe Ventures. Go deeper
Private Equity
⚡ Apollo Global Management agreed to invest $6.5b into an Orsted offshore wind farm in the U.K. Go deeper
💊 Blackstone Life Sciences will pay $700m to Merck to develop an experimental cancer therapy. Go deeper
• ClickHouse, a portfolio company of Adams Street Partners, acquired LibreChat, an open-source AI chat platform. Go deeper
• JT Thorpe, an H.I.G. Capital portfolio company, acquired ThorCan, a Canadian refractory services company. Go deeper
• L Squared invested in Ergo, a NYC-based geopolitical and strategic intelligence firm. Go deeper
• PennAero, a Tinicum portfolio company, agreed to acquire the aerospace assets of TriMas Corp. (NYSE: TRS) for around $1.45b. Blackstone also participated on the buy-side. Go deeper
💊 Royalty Pharma acquired a royalty interest in Alnylam's (Nasdaq: ALNV) Amvuttra drug, which treats ATTR amyloidosis, from Blackstone for $310m. Go deeper
• SkyKnight Capital invested in Wasteology Group, a Louisville, Ky.-based waste management services company. Go deeper
• Sound Point Capital Management invested $150m in Alleviate Financial Solutions, an Irvine, Calif.-based debt relief company. Go deeper
🌍 TPG agreed to acquire a 70% stake in Kinetic, the largest bus operator in Australasia, from Canadian pension OPTrust at a A$4b valuation. Foresight retains its 30% position. Go deeper
Public Offerings
• Cantor Equity Partners V, the 15th SPAC formed by Cantor Fitzgerald, raised $220m in an upsized IPO. Go deeper
Liquidity
⚡ CBRE Group acquired Pearce Services, a Paso Robles, Calif.-based provider of technical services for digital and power infrastructure, from New Mountain Capital for $1.2b in cash (plus up to $115m in earnouts). Go deeper
💊 Qiagen (NYSE: QGEN), a Netherlands-based molecular diagnostics company, agreed to acquire Parse Biosciences, a Seattle-based single-cell sample-prep company, for about $225m in cash plus up to $55m in milestones. Parse had raised about $100m from Saras Capital, Janus Henderson Investors and Logos Capital, among others. Go deeper
M&A
• Arctic Wolf, a Minnesota-based cybersecurity operations company, acquired Oregon-based UpSight Security, an endpoint detection and response startup. Go deeper
• Coast Counties Truck & Equipment Co., a San Jose, Calif.-based subsidiary of The Jim Pattison Group, acquired the business assets of Golden State Peterbilt, a Bakersfield, Calif.-based Peterbilt trucking dealership. Go deeper
• Colossal Biosciences, a "de-extinction" company valued by VCs at $10.2b, acquired Viagen Pets & Equine, a Cedar Park, Texas-based animal cloning company. Go deeper
• Frazier & Deeter, an Atlanta-based accounting and advisory firm, acquired Pesta Finnie & Associates, a Charlotte, N.C.–based tax and accounting firm. Go deeper
• Huron Consulting Group (NASDAQ: HURN), a Chicago-based professional services firm, acquired the payor consulting services division of AXIOM Systems, a Frederick, Md.–based health care IT firm. Go deeper
• ID5, backed by S4S Ventures, acquired TrueData, a Los Angeles-based identity graph company. Go deeper
• Midas Foods International, an Oak Park, Mich.-based culinary product development firm, acquired Georgia Spice, an Atlanta, Ga.-based spice and seasonings manufacturer, and The Doug Jeffords Company, a Mount Pleasant, Tenn.-based spice and seasoning blender. Go deeper
• Molson Coors CEO Rahul Goyal said the company would pursue deals "beyond beer" during the company's quarterly earnings. Go deeper
• Opteon, an Australian valuation and property services firm, acquired Equity Valuation Partners, a Fairhope, Ala.–based appraisal management company. Go deeper.
• Ripple, backed by investors including Lightspeed and Pantera, acquired Palisade, a crypto wallet and custody company. Go deeper
Odds & Ends
• BBRC International, which holds a 13% stake in Victoria's Secret, is calling for the removal of its chair and is asking for a board seat. It's the firm's first activist campaign. Go deeper
It's Personnel
• Tom Eacobacci, former president and COO of BlackBerry, joined Guidepost Growth Equity as an operating partner. Go deeper
