Illustration: Rebecca Zisser / Axios
Venture Capital
• Goodfire, an SF-based AI interpretability startup, raised a $150m Series B at a $1.25b valuation. B Capital led, joined by Menlo Ventures and Lightspeed Venture Partners. Go deeper
• Bound, a London-based automated FX risk management platform, raised $24.5m in a Series A round led by AlbionVC, with participation from Notion Capital and GoHub Ventures. Go deeper
• Spire, a Dallas-based pay-by-bank provider, raised a $10m Series B led by Continental Investment Partners. Go deeper
• Pluto.markets, a Danish neobroker and investment platform, raised $6m in a seed round led by Seed Capital. Go deeper
• Willo, a Finnish wireless power startup, raised €2.9m in a pre-seed round led by byFounders, with participation from Interface Capital, Unruly Capital and Wave Ventures. Go deeper
• Valeria, a Spanish payroll platform for frontline workers, raised $2m in funding led by Venture Friends, with participation from Fortino Capital and 10k Ventures. Go deeper
• Fintower, a Swedish FP&A platform, closed a €1.5m seed round from investors including Chalmers Ventures and Akka. Go deeper
Private Equity
• Accela, a San Ramon, Calif.-based government cloud provider backed by Berkshire Partners and Francisco Partners, bought Novotx, an infrastructure asset and work management platform. Go deeper
• H.I.G Capital has completed its acquisition of the supply chain manufacturer CargoTuff. Go deeper
• Igneo Infrastructure Partners, a U.K.-based asset manager, has agreed to acquire the data center portfolio belonging to a joint venture between CVC DIF and Northleaf Capital. Go deeper
• PrimeFlight Aviation Services, a portfolio company of Capitol Meridian Partners and The Sterling Group, acquired Gat Airline Ground Support, a Peachtree City, Ga.-based airline ground handling and catering company, from Atlantic Street Capital. Go deeper
• Woven Solution, a Reston, Va.-based national security software company backed by Falfurrias Management Partners, has acquired Apira Technologies, a McLean, Va.-based software platform. Go deeper
M&A
• Blue Ridge Associates, a Charlottesville, Va.-based retirement plan administrator, is buying Ambrose Advisors' ESOP third-party administration services. oneblueridge.com
• Homestead Road, a Minnesota-based single-family home flipper, bought Twin Cities Home Buyers. Go deeper
• Pearl Meyer, a Wellesley, Mass.-based executive comp and consulting firm, bought boutique consulting firm Ampersand Leadership Group and expanded its leadership advisory practice. Go deeper
• Rio Tinto and Glencore are no longer looking at a tie-up, killing a deal that would have created a mining company with a market cap over $200b. Go deeper
It's Personnel
• Kyle Samani, co-founder and managing partner at Multicoin Capital, is stepping back from the firm. Go deeper
• Jennifer LaClair, former head of merchant solutions at Fiserv, joined Spire as CEO. Go deeper
