Illustration: Shoshana Gordon/Axios
Venture Capital
• D3 Bio, a Chinese oncology company, raised $108m. IDG Capital and SongQing Capital led, joined by WuXi AppTec's Corporate Venture Fund, Temasek, HSG, MPCi, and Medicxi. Go deeper
• Bobyard, a SF-based platform helping contractors perform estimates, raised $35m in Series A funding. 8VC led, joined by Pear VC, Primary Venture Partners, Tishman Speyer, RXR, Caffeinated Capital, and Merrick Ventures. Go deeper
• Qargo, a U.K.-based transport management system, raised $33m in Series B funding. Sofina led, joined by Balderton Capital. qargo.com
🚑 Parallel, an NYC-based teletherapy and special ed provider for K-12 schools, raised $20m in Series B funding. Valspring Capital led, joined by Rethink Impact. Go deeper
• Kilo Code, an SF-based coding assistant led by Gitlab cofounder Sid Sijbrandij, raised $8m. Cota Capital led, joined by Breakers, General Catalyst, Quiet Capital, and Tokyo Black. Go deeper
• Channel3, an NYC-based developer of a connected database of products available online, raised $6m in seed funding led by Matrix Partners. Go deeper
• BoodleBox, a collaborative AI platform for higher ed, raised $5m in seed funding. Dogwood Ventures and Osage Venture Partners led, joined by JFFVentures, ECMC Group, Hivers and Strivers, Service Provider Capital, the UVU Wolverine Fund, and City Light Capital. Go deeper
Private Equity
⚡ Blackstone agreed to acquire MacLean Power Systems, a Fort Mill, S.C.-based utility parts maker, from Centerbridge Partners and CFT Capital Partners. MacLean will be merged with Blackstone portfolio company Power Grid Components. Go deeper
• Brailsford & Dunlavey, a Bernhard Capital Partners portfolio company, acquired Project Management Advisors, a Chicago-based real estate consultant. Go deeper
• Entangled Publishing, a romance publisher, received a minority investment from The Chernin Group. Go deeper
• Great Point Partners acquired a majority stake in Lenis Group, a Slovenian pharma commercialization and distribution firm. Go deeper
• Oak Hill Capital agreed to acquire Hunter Communications, a fiber-optic internet provider in Oregon and Northern California, from Grain Management. Go deeper
• The Rapid Group, a Hidden Harbor Capital Partners portfolio company, acquired Pumping Solutions, a Clifton, N.J.-based provider of pump repair and other services for commercial and residential high-rise buildings. Go deeper
• WorkWise, a CriticalPoint portfolio company, acquired Bizhaven, a Sacramento, Calif.-based provider of HR and safety solutions. Go deeper
Liquidity
• Compass Diversified hired Raymond James to sell feminine care company The Honey Pot, which it acquired last year for $380m. Go deeper
• Finastra Group, a Vista Equity Partners portfolio company, hired PJT Partners to sell its U.S. banking software unit, which could fetch more than $200m, per Bloomberg. Go deeper
• The Riverside Co. agreed to sell CertaSite, an Indianapolis-based fire protection and life safety company, to APi Group (NYSE: APG). Go deeper
• Stripe acqui-hired the team of Valora, a digital wallet startup that raised $20m from a16z, Polychain Capital, SV Angel, Nima Capital, NFX, and Valor Capital. The Valora app will be acquired by cLabs, which spun out Valora four years ago. Go deeper
M&A
• AppDirect, an SF-based B2B subscription commerce platform valued by VCs at over $1.7b, acquired vCom Solutions, a San Ramon, Calif., provider of IT lifecycle management for midsized companies, for over $100m. Go deeper
• Church & Dwight agreed to sell the VitaFusion and L'il Critters multivitamin brands to Piping Rock Health Products. Go deeper
🚑 Handspring Health, a VC-backed telemental health care company, acquired Joon, a Seattle-based provider of telemental health care for teens and young adults. Go deeper
🚑 Intermountain Health, a Utah-based health system, made a strategic investment in Testmate Health, a Swiss provider of STI tests. Go deeper
• Volkswagen agreed to sell a majority stake of its Italdesign Giugiaro design firm to California-based UST. The automaker's Lamborghini brand will retain a stake. Go deeper
It's Personnel
• Nick Clegg, Meta's former head of global affairs, is joining London-based VC firm Hiro Capital as a general partner. Hiro also is adding Meta's outgoing chief AI scientist, Yann LeCun, as an advisor. Go deeper
• Kenan Saleh joined a16z as an investment partner. He previously co-founded Stable Finance, which was acquired by Aave. 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.
