Illustration: Gabriella Turrisi/Axios
Venture Capital
• GenLogs, an Arlington, Va.-based freight intelligence startup, raised $60m in Series B funding. Battery Ventures led, joined by IVP, Cathay Innovation, 9Yards, Venrock, Steel Atlas, HOF Capital, TitletownTech, and Autotech Ventures. Go deeper
🌎 GrubMarket, an SF-based food supply chain startup, raised $50m in Series H funding at a $4.5b pre-money valuation from Future Food Fund, Portfolia Funds, Liberty Street Funds, RD Heritage Group, Flume Ventures, and MY Securities. Go deeper
• Sixfold, a New York-based AI underwriting insurtech, raised $30m in Series B round funding. Brewer Lane led, joined by Guidewire, Bessemer Venture Partners, and Salesforce Ventures. Go deeper
⚡️ Additive Drives, a German electric motor maker, raised €25m from Nordic Alpha Partners. Go deeper
• Day AI, a Boston-based developer of "Cursor for CRM," raised $20m in Series A funding. Sequoia Capital led, joined by Sound Ventures, Permanent Capital, Conviction, and Greenoaks. Go deeper
• Linq, a Birmingham, Ala.-based communication platform for AI agents, raised a $20m Series A. TQ Ventures led, joined by Mucker Capital and angel investors. Go deeper
⚡️ Critical Loop, an LA-based on-demand power developer, raised $12.4m toward a targeted $37.4m, per an SEC filing. Go deeper
Private Equity
• Conga, backed by Thoma Bravo, completed its purchase of the B2B business of PROS Holdings, also a Thoma Bravo portfolio company that provides revenue management software to airlines. Go deeper
🚑 Red Nucleus, backed by THL Partners, acquired Bridge Medical Consulting, a London-based health economics and outcomes research consultancy. Go deeper
• Rocket Software, a Bain Capital portfolio company, agreed to buy analytics database platform Vertica for $150m in cash from Open Text (TSX: OTEX). Go deeper
• RoundTable Healthcare Partners invested in Colorescience, a Carlsbad, Calif.-based skin-care and sun protection brand. Axios Flashback
• TA Associates invested in The Forge Cos., an Atlanta-based provider of financial services to personal injury law firms and their clients. Go deeper
Liquidity
• Marvell Technology (Nasdaq: MRVL) completed its $3.25b purchase of Celestial AI, a Santa Clara, Calif.-based developer of optical interconnect solutions that had raised nearly $600m from Fidelity, USIT, AMD Ventures, Koch Disruptive Technologies, Temasek, Tiger Global, IAG Capital Partners, Samsung Catalyst, Smart Global Holdings, Porsche, Engine Ventures, M-Ventures, and Tyche Partners. Go deeper
M&A
• Brookfield Asset Management agreed to buy industrial REIT Peakstone Realty Trust (NYSE: PKST) for around $1.2b in cash. Go deeper
• Fifth Third Bancorp (Nasdaq: FITB) closed its all-stock acquisition of Comerica for $10.9b. Go deeper
• Hain Celestial (Nasdaq: HAIN) agreed to sell its North American snack business to Canadian snack manufacturer Snackruptors. Go deeper
IPOs
💊 AstraZeneca (NYSE: AZN) started trading on the NYSE Monday following a listing upgrade. Go deeper
Fundraising
• Hamilton Lane raised over $1.5b for its second infrastructure opportunities fund, plus another $400m for related vehicles. Go deeper
It's Personnel
• Anna Barber joined Everywhere Ventures as a general partner. She previously was with M13, where she'll remain a board partner. Go deeper
🚑 Bill Kopitke, former head of health care for Amazon Business, joined Health Enterprise Partners as an executive-in-residence. Go deeper
• Gordon McKemie joined Lazard Asset Management as a managing director and head of leveraged loans and high yield. He previously was with Blackstone. Go deeper
• Josh Seidenfeld joined DLA Piper as chair of its Northern California corporate and securities practice. He previously was with Cooley. Go deeper
💊 Jill Sommers, formerly a CFTC commissioner, and William Wiley, formerly head of the equities and latency sensitive business unit at DRW, joined the board of Tharimmune (Nasdaq: THAR). Go deeper
• Mary Massad, formerly with Insperity, joined AllianceHCM as chief customer officer. Go deeper
• Ron Allen, formerly global head of transformation, Aladdin at BlackRock, joined OnCorps AI as CEO. Go deeper
🚑 Ruben Amarasingham joined Smarter Technologies as chief medical officer. He was previously CEO of Pieces, which was acquired by Smarter Technologies in 2025. Go deeper
• Ryan Bowes, formerly chief investment officer at FirstKey Homes, joined Authority Brands as chief growth and transformation officer. Go deeper
🌎 Peter McGuiness is stepping down as CEO of Impossible Foods, per AgFunder News. COO and chief legal officer Jason Gao, chief demand officer Meredith Madden, and chief supply officer Robert Haas are assuming his duties. Go deeper
Odds & Ends
⚡️ Rolls-Royce canceled a U.K.-backed plan to build a mini nuclear reactor on the moon. Go deeper
🌎 Japan's government is advancing a plan to explore the ocean floor for rare earth minerals. Go deeper
Ryan Barwick, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Chris Metinko, Dan Primack, and Aaron Weitzman contributed to this report.
