Illustration: Lindsey Bailey/Axios
Venture Capital
• Temporal, a Bellevue, Wash.-based open-source AI platform, raised a $300M Series D at a $5B valuation, led by a16z. Amplify Partners, Sequoia Capital, Madrona Venture Group, Index Ventures, Tiger Global Management, Lightspeed Venture Partners, Sapphire Ventures, and GIC Private joined. Go deeper
💊 Korsana Biosciences, a Waltham, Mass.-based Alzheimer's biotech, emerged from stealth with $175m raised across seed and Series A rounds. The Series A was led by Wellington Management and TCGX, joined by J.P. Morgan Life Sciences Private Capital, Janus Henderson Investors, Sanofi Ventures and Foresite Capital. Go deeper
• Cogent Security, an SF-based vulnerability management company, raised a $42m Series A led by Ban Capital Ventures, with participation from Greylock Partners, Definition and individual investors. Go deeper
• Selector, a Santa Clara, Calif.-based observability and network intelligence company, raised $32m at a $375m valuation. AVP led, joined by Ansa Capital, Two Bear Capital, and Sinewave Ventures. selector.ai
• Avantos, an NY-based operating system for financial institutions, raised a $25m Series A led by Bessemer Venture Partners. Go deeper
• Kombo, a data infrastructure company, raised $25m in Series A funding. Volition Capital led, joined by Acadian Ventures, 468 Capital and Y Combinator. Go deeper
• Stable Money, an Indian fixed-income investment startup, raised $25m led by Peak XV Partners, with participation from existing investors Fundamentum Partnership, Z47 and RTP Global. Go deeper
• Skydrops, a Qatari water harvesting startup, raised £20 million from GEM Global Yield. Go deeper
• Venice, an NY-based privileged access security platform, raised a $20m Series A. IVP led, joined by Index Ventures. Go deeper
🚑 Rainfall Health, an SF-based medical provider reimbursement platform, raised $15m in Series A funding. Two Bear Capital led. Go deeper
• Monark Markets, an NYC-based private markets infrastructure startup, raised $8.1m led by F-Prime, with participation from The Treasury, Commerce Ventures, Grit Capital Partners, and BBAE Holdings. Go deeper
• Synchrony Medical, an Israeli respiratory care technology company, raised $5m led by Edge Medical Ventures, with participation from the New Jersey Economic Development Authority, Broadfin Holdings, Consensus Business Group. Go deeper
💊 Sift Biosciences, a San Carlos, Calif., peptide-based immunotherapy company, raised a $3.7m pre-seed round co-led by Lifespan Vision Ventures and Freeflow Ventures, with participation from Valuence Ventures, Eisai Innovation and SBI US Gateway Fund. Go deeper
Private Equity
• Ariel Alternatives acquired Front Line Power Construction, a Houston-based electrical construction and power infrastructure company. Cherokee Nation Businesses took a minority stake. Go deeper
• BayPine agreed to acquire Relation, a Chicago-based insurance broker, from Aquiline Capital Partners. Go deeper
• Flow Control Management, a portfolio company of Audax Partners, acquired Kingston Valve Co, a Torrance, Calif.-based industrial valve maker, from Storm Manufacturing Group. Go deeper
• The Heritage Group acquired Forta, a Minneapolis-based manufacturer of synthetic fibers for asphalt and concrete, from Riverarch Equity Partners. Go deeper
• Leonard Green will take Mister Car Wash private, buying the remaining 33% of the company's outstanding stock and valuing it at $3.1b. Go deeper
Liquidity
• Nexfibre, a joint venture from Liberty Global and Telefonica, agreed to acquire Netomnia, a U.K.-based alternative fibre provider, for £2b. Netomnia is backed by Advencap, DigitalBridge and Soho Square Capital. Go deeper
• Kraken, a crypto exchange most recently valued at $20b, acquired Magna, a token management platform that had raised $18m from investors that include Tiger Global, Tusk Venture Partners, Shima Capital, Circle Ventures, Solana Ventures, Polygon Ventures, Avalanche Labs, Alchemy Ventures and Galaxy Digital. Go deeper
M&A
🏈 The estate of Paul Allen hired Allen & Company and Latham & Watkins to lead the sale of the Seattle Seahawks. Go deeper
💊 Sensei Biotherapeutics, a Rockville-Md.based immune biotech, purchased SF-based cancer metabolism company Faeth Therapeutics in an all-stock deal that aims to take the company public. Go deeper
• TitanX, a phone-intent platform for sales teams, acquired FrontSpin, a cloud-based sales communication provider, in an eight-figure deal. Go deeper
Fundraising
🚑 Frist Cressey Ventures, founded by former U.S. Senate Majority Leader Bill Frist, raised $425m for its fourth fund. Go deeper
• Guardian Capital Partners raised $441m for its fourth fund. Go deeper
• Quantonation, an NYC and Paris-based VC firm, raised €220m for its second quantum-focused fund. Go deeper
It's Personnel
• Francesco Trisolini, former CEO of Hospitex, was named group CEO at Aliko Scientific. Go deeper
• Jason Hirsch, former SVP of corporate real estate and investment support services at American Tower Corporation, was named president and COO at Symphony Towers. Go deeper
🚑 Kieran Chacko joined Primary Venture Partners as biotech and health care incubation venture partner. He was previously principal at Flagship Pioneering. Go deeper
• Maggie Rodney was promoted to partner, and Matthew Klein was named partner at Massive Capital Partners, a Boulder, Colo.-based VC firm. Go deeper
💊 Nicole Daley, former A&O Shearman partner, joined White & Case as partner in its life sciences and health care M&A practice. Go deeper
• Paul Kappelman, former CEO of Ovation Fertility, was named independent chairman at Fellow Health. Go deeper
• Sam Bakhshandehpour, former CEO of José Andrés Group, joined Bilt as president of local merchants. Go deeper
• Symmetry Anesthesia named Aaron Stewart CFO and Jennifer Grover COO. Go deeper
• Todd McAtee, a former SVP at Exponential Technology Group, was named global chief revenue officer at Flip Electronics. Go deeper
Ryan Barwick, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Lucinda Shen, Ryan Lawler, Alan Neuhauser, Chris Metinko, Erin Brodwin, Natalie Breymeyer and Brock E.W. Turner contributed to this report.
