Illustration: Natalie Peeples/Axios
⚡️Noveon Magnetics, a San Marcos, Texas-based rare earth magnets manufacturer, raised $215m in Series C funding led by One Investment Management. Go deeper
• Upscale AI, a Santa Clara, Calif.-based networking startup, raised $200m at an over $1b valuation. Tiger Global, Premji Invest, and Xora Innovation led, joined by Maverick Silicon, StepStone Group, Mayfield, Prosperity7 Ventures, Intel Capital, and Qualcomm Ventures. Go deeper
• Datarails, an Israeli financial planning and analytics platform, raised $70m in Series C funding. One Peak led, joined by Vertex Growth, Vintage Investment Partners, Zeev Ventures, Innovation Endeavors, Joey Low, Qumra Capital, and ClalTech. Go deeper
• Benepass, an NYC-based benefits management platform, raised $40m in Series B funding. Centana Growth Partners led, joined by FoW Partners, Portage Ventures, and Threshold Ventures. Go deeper
🚑 AnswersNow, a Richmond, Va.-based provider of virtual applied behavioral analysis therapy, raised $40m in Series B funding. HealthQuest Capital led, joined by insiders Left Lane Capital and Owl Ventures. Go deeper
💊 ErVimmune, a French vaccine biotech, raised €17m in Series A funding from Seventure Partners and SPRIM Global Investments. Go deeper
🌎 One.five, a German packaging software startup, raised €14m in Series A funding. Hans Riegel Holding led, joined by 212 Next, Symbia VC, Btomorrow Ventures, Kimpa Impact, Zubi Capital, Speedinvest, Planet A, Green Generation Fund, Climentum Capital, Revent, and WEPA Ventures. Go deeper
🌎 Equitable Earth, a French certification provider for nature-based climate solutions, raised €12.6m from AENU, Noa, and LocalGlobe. Go deeper
🚑 One to One Health, a Chattanooga, Tenn.-based provider of employer-sponsored onsite and virtual primary care tools, raised $12m from Frist Cressey Ventures. onetoonehealth.com
🚑 PraxisPro, a Houston-based virtual coaching service for medical sales reps, raised $6m in seed funding. AlleyCorp led, joined by FlyBridge, South Loop Ventures, and Zeal Capital Partners. Go deeper
• Cork, a tokenized risk infrastructure startup, raised $5.5m in seed funding. Road Capital and a16z CSX led, joined by 432 Ventures, BitGo Ventures, IDEO Ventures, Stake Capital, and WAGMI Ventures. Go deeper
• Antidote, a British billing and compliance automation startup, raised $5m in seed funding led by Lakestar, with participation from Concept Ventures, The LegalTech Fund, and angel investors. Go deeper
• Plutus, a Seattle-area investing advisory marketplace, raised $1.2m from Rocketship and Visse Capital. Go deeper
Private Equity
🚑 Aquitaine Capital acquired KidsChoice, an Oklahoma City-based provider of autism and pediatric therapy services. Go deeper
• BV Investment Partners acquired the managed repair program of PE-backed insurance claims manager Alacrity Solutions. Go deeper
• Fengate Private Equity invested in Sussex Strategy Group, a Canadian public affairs and strategic communications firm. Go deeper
• Resurgens Technology Partners invested in OrgChart, a Novato, Calif.-based provider of organizational chart automation and workforce planning software. Go deeper
• RLH Equity Partners invested in Valent Partners, a Dallas-based tech strategy and transformation consultancy. Go deeper
• Shore Capital Partners acquired Together Women's Health, a Detroit-based network of gynecologic and obstetric care providers. Go deeper
• TDR Capital agreed to acquire Escode, a provider of escrow and verification software, from NCC Group (LSE: NCCG) for £275m. Go deeper
🚑 Victoria Park Medispa, a Peloton Equity portfolio company, acquired Calgary-based PHI Medical Aesthetics. Go deeper
🚑 Water Street Healthcare Partners invested in MedSpeed, an Elmhurst, Ill.-based provider of same-day logistics to the health care industry. Go deeper
Public
• KNDS, a European tankmaker, picked banks for an IPO that's possible this summer in Frankfurt and Paris, per Bloomberg. Go deeper
M&A
• Airwallex, valued by VCs at $8b, acquired Paynuri, a South Korean payments gateway and prepaid e-money provider. Go deeper
• Payoneer (Nasdaq: PAYO) acquired Boundless, an Irish employment and contractor management platform that raised funding from firms like Nine Dots Recruitment, Seedcamp, and Fyrfly Venture Partners. Go deeper
Fundraising
• Galaxy Digital (Nasdaq: GLXY) is planning to launch a $100m crypto hedge fund, per the FT. Go deeper
💊 Crossroads Health Ventures of Indianapolis raised a $21m life sciences fund from Eli Lilly, Corteva, Elanco Animal Health, Indiana University, and Parkview Health. Go deeper
It's Personnel
🚑 Linda Anegawa joined Calibrate as chief medical officer. She was previously chief medical advisor at Ognomy Sleep. joincalibrate.com
• Brad Levy, former CEO of Symphony, joined ThetaRay as CEO, succeeding outgoing CEO Peter Reynolds. Go deeper
• A16z promoted Matt Bornstein and Alex Immerman to general partners of its infrastructure and growth funds, respectively. a16z.com
• Anu Bharadwa, president of Atlassian, joined Iconiq as a go-to-market advisor. Go deeper
• Kevin Callahan joined the American Investment Council as VP of state government affairs. He previously was StubHub's head of North American government relations. Go deeper
• Anand Govind joined Citigroup as a managing director of tech investment banking, per Bloomberg. He previously was CFO of o9 Solutions. Go deeper
• Aliisa Rosenthal, former head of sales at OpenAI, joined Acrew Capital as a general partner. Go deeper
Odds & Ends
⚡️French automaker Renault is reintegrating its EV arm, Ampere, after canceling plans in 2024 for a public listing. Go deeper
💊 GSK, through its oncology subsidiary Tesaro, agreed to pay $20m upfront and up to $265m to Korean biotech Alteogen for global rights to a novel hyaluronidase enzyme. Go deeper
Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Chris Metinko, Dan Primack, Erin Brodwin, Natalie Breymeyer and Brock E.W. Turner contributed to this report.
