Illustration: Aïda Amer/Axios
Venture Capital
• Digantara, an Indian space surveillance startup, raised $50m in Series B funding. 360 ONE Asset and SBI Investments of Japan led, joined by insiders Peak XV Partners and Kalaari Capital. Go deeper
• Nanit, an NY-based baby monitor developer, raised a $50m round. Springcoast Partners led, joined by Upfront Ventures and JVP. Go deeper
💊 Allink Biotherapeutics, a Chinese clinical-stage biotech focused on ADCs and multi-specific antibodies for cancer and immune disorders, raised a $47m Series A extension led by Legend Capital and Meituan Long-Z Investment. Go deeper
• Thread, a Nashville, Tenn.-based embedded and digital banking services company, raised $30.5m led by Portage Ventures, with participation from Rockmont Partners. Go deeper
🚑 Ember LifeSciences, an LA-based cold chain technology company, raised a $16.5m Series A led by Sea Court Capital, with participation from Cardinal Health and Carrier Ventures. Go deeper
• YSE Beauty, an LA-based skin care company, raised a $15m Series A led by Silas Capital, with participation from L Catterton, Willow Growth Partners and Halogen Ventures. Go deeper
• EraDrive, an SF-based satellite autonomy software company, raised $5.3m in a seed round led by Hackstack Ventures. Harpoon Ventures, Brave Capital, Point Nine, 2100 Ventures and Entropy Industrial Capital joined. Go deeper
Private Equity
• Arctos invested in Prospector Baseball Group, an investment platform focused on minor league and independent baseball teams. Go deeper
• The Colt Group, a Capstreet portfolio company, acquired Garrison Enterprise, a Vineland, N.J.-based provider of critical line intervention services. Go deeper
• Crux Capital acquired Houston-based Pool Works and Austin, Texas-based Freedom Pool Plastering to form Veridian Service Partners. Go deeper
• Founders Row invested in Hot Box Pretzels, a direct-to-consumer pretzel brand. Go deeper
•Invictus Growth Partners invested $63m in Informed.IQ, an SF-based loan verification and fraud prevention company. Go deeper
• Jordan Partners invested in Vanguard Claims Administration, a Woodbury, N.J.-based third-party administration and independent adjusting platform for property and casualty insurance. Go deeper
• Levine Leichtman Capital Partners agreed to acquire USA Industries, a Houston-based manufacturer of industrial flow control and testing products, from Sky Island Capital. Go deeper
• Luckin Coffee, a Chinese chain backed by Centurium Capital, is weighing a bid for Blue Bottle Coffee, owned by Nestle, per Bloomberg. Go deeper
⚡ One Equity Partners agreed to acquire Montanhydraulik, a German maker of ultra-large-scale hydraulic cylinders, aggregates and hydraulic systems. Go deeper
🚑 SharpVue Capital led a consortium's investment in Curalta Foot & Ankle, a Rochelle Park, N.J.-based foot and ankle company. NewSpring Capital, BPEA Private Equity, North Haven Capital, and Bluwave Capital participated. Go deeper
• StoneTree Investment Partners acquired Reel Power International, an Oklahoma City-based provider of engineered winding, spooling, and material-handling equipment, from Praesidian Capital. Go deeper
• The Vomela Companies, backed by The Riverside Company, acquired Moss, a Franklin Park, Ill.-based producer of premium event and retail graphics. Go deeper
Fundraising
• S3 Ventures raised $250m for its eighth fund. Go deeper
Public Offerings
• Crane Harbor Acquisition II, a SPAC led by William Fradin (HEPCO), raised $300m in an upsized IPO. Go deeper
Odds & Ends
• MidOcean Partners will buy up to $600m in home equity investment assets from Point Digital Finance. Go deeper
⚡ Soltage, a Jersey City, N.J.-based renewables developer and operator, closed an $80m syndicated development revolver led by First Citizens Bank, with EastWest Bank as coordinating lead arranger. Go deeper
It's Personnel
💊 Ashley Keller, former SVP of people at Skilljar by Gainsight, was named chief people officer at rare disease pharmacy Orsini. Go deeper
• Hubert Joly, former CEO at Best Buy, was appointed to the board of S&P Global (NYSE: SPGI). Go deeper
• Mike Dargan, former chief operations and technology officer at UBS, was named CEO of N26, effective April 2026. Go deeper
⚡ Tailwater Capital promoted Doug Prieto and Drew Winston to partner. Go deeper
• Shannon Reid, former president of Raymond James' independent contractor division, was named president and head of advisor growth and engagement at Osaic. Go deeper
• Steve Cahillane, president and CEO of Kellanova, will be CEO of Kraft Heinz (Nasdaq: KHC) effective Jan. 1. 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.
