Illustration: Tiffany Herring/Axios
💊 AAVantgarde Bio, an Italian maker of gene therapies for eye disease, raised $141m in Series B funding Atlas Venture, Forbion and Schroders led, joined by Amgen Ventures, Athos Capital, CDP Venture Capital, Columbia IMC, Neva SGR, Sixty Degree Capital, XGen Venture, and Willett Advisors. Go deeper
💊 Neok Bio, a Palo Alto, Calif.-based cancer drug developer, raised $75m in Series A funding led by ABL Bio. Go deeper
• Fomo, an NYC-based social crypto trading app, raised $17m in Series A funding led by Benchmark. Go deeper
💊 Accipiter Biosciences, a Seattle-based immunology and oncology protein developer, raised $12.7m in seed funding. Takeda and Flying Fish Partners led, joined by Columbus Venture Partners, Cercano Capital, Washington Research Foundation, Alexandria Investments, Pack Ventures, and Argonautic Ventures. Go deeper
💊 Hepta Bio, a Foster City, Calif., liver disease testing company, raised $6.7m in seed funding. Felicis Ventures and Illumina Ventures led, joined by SeaX Ventures, Alumni Ventures, and AME Cloud Ventures. Go deeper
• Arx Research, a POS terminal developer for crypto and fiat payments, raised $6.1m in seed funding. Castle Island Ventures led, joined by Inflection, Placeholder, Seed Club Ventures, and 1kx. Go deeper
• Avallon, an NYC-based developer of insurance AI agents, raised $4.6m in seed funding. Frontline Ventures led, joined by YC, 1984, Liquid2, and Booom. Go deeper
Private Equity
• Bonaccord Capital Partners made a minority investment in Kingswood Capital Management, an LA-based private equity firm focused on midmarket buyouts. Go deeper
• Canopy Aerospace & Defense, backed by Trive Capital, acquired Tods Technology, a British maker of composite structures and acoustic materials for maritime defense. Go deeper
• Five Arrows acquired a majority stake in NetVendor, a Tualatin, Ore.-based provider of vendor compliance management software, from Greenridge Growth Partners (which retains a minority stake). Go deeper
🚑 Nexphase Capital Partners acquired Always Best Care, a Rocklin, Calif.-based in-home senior care company, from Gemini Investors. Go deeper
• Webster Industries, backed by MPE Partners, acquired Renold, a U.K. maker of industrial chain and torque transmission products. Go deeper
M&A
💊 Celltrion, a South Korean biosimilar manufacturer, agreed to pay up to $744m to Washington, D.C.-area biotech Kaigene for two autoimmune drug candidates. Go deeper
• Comcast (Nasdaq: CMCSA) is in talks to acquire ITV's (LSE: ITV) media and entertainment division, per Bloomberg. Go deeper
• MEG Energy (TSX: MEG) shareholders agreed to a takeover of the Canadian oil producer by Cenovus Energy (TSX: CVE) after a five-month bidding war. Go deeper
Fundraising
🌎 Generate Capital, an SF-based sustainable infrastructure firm, raised over $1B for its credit business. 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.
