Illustration: Sarah Grillo/Axios
Venture Capital
• LanzaJet, a Deerfield, Ill.-based sustainable aviation fuel maker, raised $47m in the first close of a round at a $650m pre-money valuation, co-led by IAG and Shell, with participation from Groupe ADP, LanzaTech, and Mitsui. Go deeper
• Freeform, a Hawthorne, Calif.-based 3D-printing metal manufacturing company, raised a $67m Series B. Apandion, AE Ventures, Founders Fund, Linse Capital, NVentures, Threshold Ventures, and Two Sigma Ventures participated. Go deeper
• Ownwell, an Austin, Texas-based residential property taxes appeals platform, raised a $30m Series B led by Alpha Edison and Mercato Partners, joined by Intuit Ventures, Left Lane Capital, First Round Capital, Long Journey Ventures, Proof Fund and Wonder Ventures. Go deeper
• Badge, an SF-based digital wallet platform, raised $17.1m led by TTV Capital, with participation from Stripe, Synchrony Ventures, Infinity Ventures and QED Investors. Go deeper
• Rapidata, a Zurich-based data labeling startup, raised a $8.5m seed round. Canaan Partners and IA Ventures co-led, joined by Acequia Capital and BlueYard. Go deeper
• Happyhotel, a German hotel revenue management software provider, raised a €6.5m Series A led by Reimann Investors, with participation from Start-up BW Innovation Fund, seed + speed Ventures and Wecken & Cie. Go deeper
• Adronite, a Seattle- and New York-based AI codebase intelligence platform, raised a $5m Series A led by Gatemore Capital Management. Go deeper
• Rizon, a Delaware-based neobank, raised a $2M pre-seed round from Market One Capital. Go deeper
• TrueLayer, a British open banking fintech, received an undisclosed strategic investment from eBay Ventures. Go deeper
Liquidity
• Advent International has agreed to sell Prisma Medios de Pago and Newpay, two Argentinian payments platforms, to Visa (NYSE:V). Go deeper
Private Equity
• Amberjack Capital Partners acquired CIMA Services, a Houston-based waste management, environmental remediation and industrial services company. cimaserviceslp.com
• Bregal Sagemount invested in Harbor Compliance, a Lancaster, Pa.-based entity compliance solutions company. Go deeper
• Center for Social Dynamics, a portfolio company of Goldman Sachs Alternatives, acquired Behavior Change Institute, an Albuquerque, New Mexico-based autism services provider. Go deeper
• HKW acquired Handling Systems and Conveyors, a provider of crane, hoist, conveyor and tooling solutions. Go deeper
• Nokken, a London-based portfolio company of Brook Capital, acquired Finland's Space of Mind, a specialist cabin company. Go deeper
• OceanSound Partners acquired Automated Financial Systems, an Exton, Pa.-based commercial loan servicing company. Go deeper
• Palisade Infrastructure and SER Capital Partners invested in MicroGrid Networks, a New York-based battery energy storage systems company. Go deeper
• Somersault, backed by Hidden River Strategic Capital, acquired six The Little Gym locations across the South Bay and San Jose, Calif. Go deeper
• Superior Environmental Solutions, a portfolio company of Palladium Equity Partners, acquired ChemWorx, a Decatur, Ala.–based provider of specialized chemical cleaning services. Go deeper
• WestView Capital Partners invested in Benefits All In, a Cincinnati-based healthcare benefit navigation company. benefitsallin.com
M&A
• Amca, a Los Angeles-based aerospace and defense company backed by a16z, acquired Payne Magnetics, a Covina, Calif.–based aerospace supplier. Go deeper
• Generac, a Waukesha, Wis.-based generator maker, agreed to acquire power equipment maker Enercon Engineering. Go deeper
• Johnson & Johnson (NYSE: JNJ) is preparing a potential sale of its orthopedics unit DePuy Synthes, which could be valued at more than $20b, per Bloomberg. Go deeper
Fundraising
• Palm Peak Capital, a Boca Raton-based firm, raised $374m for its debut fund. Go deeper
• Star Mountain Capital, an NY-based lower middle-market investment firm, raised $286m for its second SBIC fund. Go deeper
It's Personnel
• Adam Hallquist, formerly a principal, was promoted to partner at FTV Capital. Go deeper
• Anson Martin, formerly CEO and board president of Burroughs, joined Diamond Landscaping as CEO. Go deeper
• Chris Lansing, formerly CEO of Health-Ade Kombucha, joined Gimme Seaweed as CEO. Go deeper
• Emily Tabak was appointed chief legal officer, Jordan Schlachter was named chief partnership officer and Craig Tello was named SVP of content at Enhanced. Go deeper
• Helmut Binder joined Broadpin as CEO, succeeding Sebo Wijnberg. Go deeper
• Jim Parkinson, formerly a chief technology and information officer in the credit card processing industry, joined AcquireUp as chief technology and information officer. Go deeper
• Matt Oppenheimer stepped down as CEO of Remitly (NASDAQ: RELY) and will be succeeded by Sebastian Gunningham, former chairman of consumer finance at Banco Santander. Go deeper
• Mike Wachholz was appointed managing partner at Outside General Counsel LLP, where he will lead business development and growth strategy. Go deeper
• Nancy Nelson, formerly assistant VP of coding operations, was promoted to VP of coding operations at Advantum Health. Go deeper
• Salim Hirji, a partner in private equity at Apollo, joined the board of PetSmart Charities. Go deeper
• Zack Nagelberg, co-founder of Derivative Path, was promoted to president. 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.
