Illustration: Aïda Amer/Axios
Venture Capital
• Skild AI, a Pittsburgh-based AI robotics company, is in talks to raise more than $1b in Series C funding at an approximately $14b valuation from SoftBank and Nvidia, per Reuters. Go deeper
• Airwallex, an Australia-based payments firm, raised US$330m in Series G funding at an $8b valuation. Addition led, joined by T. Rowe Price, Lingotto, Robinhood Ventures, and TIAA Ventures. Go deeper
⚡ Blue Current, a Hayward, Calif., developer of silicon solid-state batteries, raised $81m in Series D extension funding. Amazon led, joined by Koch Disruptive Technologies, Piedmont Capital, Rusheen Capital Partners, and Allen & Company. Go deeper
• Resemble AI, a deepfakes detection startup, raised $13m from Google's AI Future Fund, Okta Ventures, Taiwania Capital, Gentree Fund, IAG Capital Partners, Berkeley Frontier Fund, and KDDI. Go deeper
💊 Convergen, a developer of targeted protein degradation therapies, raised $10m in seed funding from Qiming Venture Partners. Go deeper
• Rotostitch, an SF-based textile manufacturing tech startup, raised $1m in pre-seed funding led by Boost VC and Nova Threshold. Go deeper
Private Equity
🚑 BioMatrix Infusion Pharmacy, a Frazier Healthcare Partners portfolio company, acquired Total Infusion Care, a Henderson, Nev.-based infusion therapy provider. Go deeper
• Cinven is in talks to buy a majority stake in U.K. advisory firm Flint Global for £190m, per Bloomberg. Go deeper
🚑 Lanter Delivery Systems, a portfolio company of Audax, acquired 1st Choice Delivery, a St. Louis-based last-mile health care logistics company, from Northern Pacific Group. Go deeper
• Proofpoint, owned by Thoma Bravo, completed its acquisition of Hornetsecurity, a German cloud security and compliance SaaS, from TA Associates, PSG Equity, and Verdane. Go deeper
• School Specialty acquired Nasco Education, a Fort Atkinson, Wis.-based instructional materials company. School Specialty backers include Cerberus Capital Management, Lantern Asset Management, Leggett Ventures, and TCW Group. Go deeper
Liquidity
• ContextLogic (OTCMKTS: LOGC), formerly an e-commerce firm known as Wish.com, will acquire US Salt, an evaporated salt products provider, from Emerald Lake Capital Management for $907.5m. Go deeper
• Main Post Partners sold hunting gear brand KUIU to a group of "conservation-minded families and businesses." Go deeper
⚡ NextEra Energy's infrastructure group plans to buy Symmetry Energy Solutions from Energy Capital Partners. Bloomberg previously reported the deal valuing Symmetry at about $800m. Go deeper
M&A
• Boeing (NYSE: BA) completed its $4.7b acquisition of Spirit AeroSystems, a plane parts maker it spun out two decades ago. Go deeper
• Enterprise Holdings, a St. Louis-based car holding company, acquired Hogan, a St. Louis-based commercial transportation services provider. Go deeper
• The German government is close to acquiring a 25% stake in the German business of the Dutch grid operator Tennet, although an announcement might not come until January. Go deeper
• Harbor IT, a Brazilian managed IT services provider, acquired ZAG Technical Services, a San Jose, Calif.-based cybersecurity services company. Go deeper
• Jade Global, a San Jose, Calif.-based consulting and technology services company, acquired D4M International, a Troy, Mich.-based IT consultancy. Go deeper
• Mars' $36 billion bid for Kellanova has been approved by the European Union, which found "no evidence" of a risk to consumers. Go deeper
• Millman, a Seattle-based consulting firm, acquired MorVest Capital, a Port O'Connor, Texas-based mortgage servicing rights analytics company. Go deeper
Public Offerings
• Andersen Group, an SF-based tax advisory formed by former Arthur Andersen partners, set IPO terms to 11m shares at $14-$16. It would have a $1.7b fully diluted valuation, were it to price in the middle, and plans to list on the NYSE (ANDG). Go deeper
• Future Money Acquisition, a SPAC led by Siyu Li (FutureMoney Group), filed for a $100m IPO. Go deeper
• Helix Acquisition Corp. III, a health care SPAC formed by Cormorant Asset Management, filed for a $125m IPO. Go deeper
Personnel
⚡ Christopher Heasley joined Latham & Watkins as a Houston-based partner in the law firm's M&A and private equity practice. He previously was with Kirkland & Ellis. Go deeper
• Ronnie Wiessbrod joined Trousdale Ventures as chief investment officer. He previously was chief strategy officer at the Milken Family Office. Go deeper
⚡ Daniel Gross joined X-energy as CFO. He previously was a corporate development director at Amazon's Climate Pledge Fund. Go deeper
