Illustration: Brendan Lynch/Axios
Venture Capital
💊 Atavistik Bio, a Cambridge, Mass., blood cancer biotech, raised $120m in Series B funding. Nextech Invest and The Column Group led, joined by Lux Capital and Regeneron Ventures. Go deeper
• Nirvana Insurance, a trucking industry insurtech, raised $100m in Series D funding at a $1.5b valuation. Valor Equity Partners led, joined by Lightspeed and General Catalyst. Go deeper
🚀 EtherealX, an Indian maker of reusable launch vehicles, raised $21m from backers like TDK Ventures and Accel, per TechCrunch. Go deeper
• NextFoods, a Boulder, Colo.-based healthy drinks company, raised $10m in funding led by ECP Growth. Go deeper
• Speed, a bitcoin Lightning and stablecoin payments platform, raised $8m from Tether and Ego Death Capital. Go deeper
• Feanix, an Asheville, N.C.-based livestock management startup, raised $5.3m in seed funding. Initialized Capital led, joined by Overwater Ventures, General Catalyst, and Collab Fund. Go deeper
• InfiniteWatch, an NYC-based AI observability startup, raised $4m in pre-seed funding. Base10 Partners led, joined by Sequoia Capital, a16z, Kfund, Kibo Ventures, and LifeX. Go deeper
• Peripheral Labs, a Toronto-based startup focused on spatial intelligence for live sports broadcasting, raised US$3.6m led by Khosla Ventures. Go deeper
• Ciphero, an AI verification layer for enterprises, raised $2.5m in pre-seed funding led by Sovereign's Capital and Chingona Ventures. Go deeper
Private Equity
• Boatsetter and GetMyBoat, both Airbnb-type companies for boats, have agreed to merge. Boatsetter is backed by Level Equity and Centerbridge Partners, while GetMyBoat is owned by Japan's Yanmar. Go deeper
• McNally Capital acquired Airforce Turbine Service, a Tynan, Texas-based aviation MRO focused on PT6A turboprop engines. Go deeper
• Salt Creek Capital acquired Northrock Industries, a Bohemia, N.Y.-based manufacturer of industrial construction tools. Go deeper
• Tikehau Capital acquired ScioTeq, a Belgian provider of ruggedized displays for the aviation and defense industries, from OpenGate Capital. Go deeper
•TPG's €1b bid to buy Italy-based Nexi's digital banking unit was rejected. Go deeper
Liquidity
• Monzo, a U.K. digital bank, agreed to acquire Habito, a London-based digital mortgage broker backed by Augmentum Fintech, SBI Investment, Volution Ventures, Mosaic Ventures, and Ribbit Capital. Go deeper
M&A
Kering (Paris: KER) plans to acquire Raselli Franco Group, a family-owned jewelry producer, with an initial €115m investment for a 20% stake. 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.
