Illustration: Aïda Amer/Axios
Venture Capital
• Tomorrow.io, a weather intelligence platform, raised $175m from Stonecourt Capital and HarbourVest. Go deeper
• Ares Interactive, a game developer, raised $70m in Series A funding led by General Catalyst. Go deeper
• Kindred, a home-swapping platform, announced $85m in Series C funding led by Index Ventures and a $40m Series B led by NEA and Figma's Dylan Field. Go deeper
• Veremark, a London-based employee background check platform, raised $26m in Series B funding. Gresham House Ventures led, joined by Samaipata, ACF Investors, and Stage 2 Capital. Go deeper
• Phylo, an SF-based applied AI research lab, raised $13.5m in seed funding led by Menlo Ventures and a16z. Go deeper
🚑 Graici, a Cleveland-based startup using AI to facilitate Medicaid renewal and redetermination, raised a $7.5m Series A led by Santé Ventures. Go deeper
⚡️ Derapi, an SF-based grid software startup, raised $7m in seed funding. Earthshot Ventures led, joined by Tuesday Capital, Susquehanna Sustainable Investments, WYVC, Breakthrough Venture Capital, WovenEarth Ventures, Radicle Impact, Raisewell Ventures, E8 Angels, GreenSky Capital, and Aurora Venture Investments. Go deeper
• Airrived, a Dublin, Calif.-based enterprise AI agents developer, raised a $6.1m seed round. Cannage Capital led, joined by Plug and Play Ventures, Rebellion Ventures, and Inner Loop Capital. Go deeper
• CloudForge, an NYC-based metals supply chain startup, raised $3.95m from Zero Infinity Partners, Resolute Ventures, and Bienville Capital. Go deeper
• Kairos, a cross-platform tool for prediction market traders, raised $2.5m in seed funding led by a16z. Go deeper
• Haelixa, a Swiss provider of DNA-based product traceability, raised €2m. Verve Ventures and Zurich Kantonalbank led, joined by 212 NexT Fund. Go deeper
Private Equity
• AEA Investors acquired Magna5, a Pittsburgh-based managed services provider, from backers like NewSpring Capital. Go deeper
• Arax Investment Partners acquired GFP Private Wealth, a Cleveland-based RIA with $1.5b in AUM. Go deeper
• ILS Gummies, a McKinney, Texas-based nutritional supplement company, received an investment led by Edgehill Management and joined by ECP Growth, Patriot Capital, and Providence Investment Partners. Go deeper
• Littlejohn & Co. acquired 80/20, a Columbia City, Ind.-based provider of modular framing solutions. Go deeper
• Precision Door Tri-State, a Monogram Capital Partners portfolio company, acquired Foris Solutions, a Plymouth, Mich.-based garage repair group. Go deeper
• Veritiv, a Clayton, Dubilier & Rice portfolio company, acquired Pack4, a Boston-based protective packaging manufacturer. Go deeper
🚑 Vivo Capital agreed to acquire French medical research equipment manufacturer Dutscher Group from LBO France. Go deeper
Liquidity
• Colliers (Nasdaq: CIGI) agreed to acquire Spain's Ayesa Engineering from A&M Capital Europe for $700m. Go deeper
• Wynnchurch Capital sold Team Car Care, the largest Jiffy Lube franchisee, to JJJ Lube. Go deeper
M&A
• Abrigo, a commercial lending software provider backed by Accel-KKR, acquired Journey Technology Solutions, a Sioux Falls, S.D.-based banking data firm. Go deeper
• Pendo, a Raleigh, N.C.-based customer analytics platform that raised over $450m, acquired Chisel Labs, a product management platform seeded by Array Ventures, Ridge Ventures, Contour Venture Partners and BluePointe Ventures. Go deeper
• Banco Santander (NYSE: SAN) agreed to acquire Webster Financial (NYSE: WBS) for $12.3b in cash and stock. Go deeper
• Polestar, the Swedish and Chinese EV maker, raised $400m in equity from Sumitomo Mitsui Banking Corporation and Standard Chartered Bank. Go deeper
It's Personnel
• ATL Partners promoted Lauren DiBartolomeo to COO and Josh Raj and Daniel Wu to vice presidents. Go deeper
• Franco Danesi, formerly a partner at Korelya Capital, joined Molten Ventures as senior partner, while Inga Deakin and George Chalmers were promoted to partner. Go deeper
• Suzanne Donohoe joined Vista Equity Partners as COO and chief commercial officer. She previously was with EQT, KKR, and Goldman Sachs. Go deeper
• Cedric Powell joined law firm Squire Patton Boggs as a private equity partner. He previously was with Sheppard Mullin. Go deeper
• Rob Keen joined Yellow Wood Partners' beauty platform Future Beauty Brands as CEO. Go deeper
Odds & Ends
• Atlanta-based e-commerce fulfillment startup Stord acquired a Dallas facility and the customer base of Quiet Logistics, which American Eagle is shuttering. Go deeper
Ryan Barwick, 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.
