Illustration: Tiffany Herring/Axios
Venture Capital
• Lambda, an SF-based cloud infrastructure provider, raised a more than $1.5b Series E. TWG Global led, joined by US Innovative Technology Fund and several existing investors. Go deeper
• Federato, an SF-based insurance workflow software developer, raised a $100m Series D. Goldman Sachs Alternatives led, joined by returning investors Emergence Capital, Caffeinated Capital, StepStone Group, and Pear VC. Go deeper
⚡️ Nanoramic, a Boston-based advanced battery company, raised $54m from investors including PEP Capital, Samsung Ventures, Top Material, General Motors Ventures, Catalus Capital, Itochu Corp., Fortistar Capital, and WindSail Capital Group. Go deeper
💊 Avanzanite Bioscience, an Amsterdam-based rare diseases company, raised a €32m Series A led by MVM Partners. Go deeper
• Apono, a NY-based cloud identity-security company, raised a $34m Series B led by U.S. Venture Partners, joined by Swisscom Ventures, Vertex Ventures, and 33N Ventures. Go deeper
🚑 VahatiCor, a Santa Clara, Calif.-based cardiac medtech company, raised a $23m Series B led by S3 Ventures with support from Intuitive Ventures. Go deeper
🌎 Flocean, a Norwegian underwater desalination startup, raised a $22.5M Series A round from Xylem, Burnt Island Ventures, Freebird Capital, Katapult Ocean, Nysnø Climate Investments, Ari Emanuel, Orion, Rypples and Water Unite Impact Fund. Go deeper
• Hummink, a Paris-based precision manufacturing startup, raised €15m from Elaia Partners, Sensinnovat, Beeyond, the French Tech Seed fund, Cap Horn and KBC Focus Fund, and the European Innovation Council Fund. Go deeper
🚑 FamilyWell Health, a Boston-based women's mental health company, raised an $8m Series A led by New Markets Venture Partners and joined by .406 Ventures, GreyMatter Capital, The Alix Foundation, The Donna Fund, and The Lee Foundation. Go deeper
💊 Chromologics, a Danish biotech developing fermentation-based natural colors, raised €7m from Novo, EIFO, Döhler Ventures, Collateral Good Ventures and Synergetic. Go deeper
• Voltrac, a Spanish agricultural robotics maker, raised €7m in seed funding led by Extantia and joined by FoodLabs, Antler, PUSH, and Prototype Capital. Go deeper
⚡Moment Energy, a Canadian second-life battery developer, raised $5m from The Toronto-Dominion Bank's TD Innovation Partners. Go deeper
• Barker, an NY-based insurance-backed instruments company, raised $3.5m led by Walkabout VC. Go deeper
🚑 Thrivory, an NY-based claims settlement software provider, raised $3.5m from Redesign Health and secured up to $25m in credit funding anchored by Trinity Capital. Go deeper
• Big Rentals, an LA-based equipment rental platform, raised $2.8m in seed funding. SNAK Venture Partners led, joined by Ironspring Ventures, Forum Ventures, Jason Calacanis' LAUNCH Fund, and NuFund Venture Group. Go deeper
• Poppy, a Charlottesville, Va.-based wedding flowers platform, raised a $2.7m Series A led by Michigan Capital Network. Virginia Venture Partners, Wakestream Ventures, IDEA Fund Partners, and Front Porch Ventures joined. Go deeper
Private Equity
💊 Ardian has tapped Morgan Stanley and Macquarie Group to weigh a sale of GBA Group, a German lab services company that could be worth about €1.5b, per Bloomberg. Go deeper
• BGF invested €34m in TMT ID, a Romanian mobile data and identity company. Go deeper
• Frontenac acquired Beckway Consulting, a NY-based consulting firm focused on financial sponsors. Go deeper
• Reliable Energy Partners, a portfolio company of Soundcore Capital Partners, acquired Nashville Propane Exchange, a La Vergne, Tenn.-based propane distributor. Go deeper
⚡️ Tiger Infrastructure Partners invested in ELM Utility Services, an outsourced public utility locating services company. Go deeper
M&A
• GlobalFoundries (Nasdaq: GFS) acquired Advanced Micro Foundry, a Singapore-based silicon photonics foundry. Go deeper
It's Personnel
🚑 Austen Asadorian was named chief revenue officer of VideaHealth. He was previously CRO of FranConnect. Go deeper
• Gary Guo joined Trane Technologies as chief integrated supply chain officer. Guo was previously president of global supply chain at The Coca-Cola Company. Go deeper
💊 Megan Scheffel has been named head of Life Science and Healthcare Banking at Silicon Valley Bank. Go deeper
• Will Price joined Cemex as senior vice president of mergers & acquisitions. Price was previously vice president of corporate development and integration at Cornerstone Building Brands. Go deeper
Odds & Ends
• Elliott Management has built a stake in Barrick Mining, the world's second-largest gold producer. Go deeper
💊 Eli Lilly will pay $40m upfront and up to $2.56b to Seoul-based ABL Bio for biospecifics, a platform to develop immune modulators, T-cell engagers and other modalities. Go deeper
🌎 Toyota plans to invest $912m in hybrid vehicle manufacturing in the U.S. 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.
