Illustration: Brendan Lynch/Axios
Venture Capital
• Humand, an SF-based HR platform for virtual workforces, raised a $66m Series A. Kaszek and Goodwater Capital led with participation from Y Combinator and the founders of Dropbox, Vercel, Overture and Lyft. humand.co
• Hypercore, a Tel Aviv-based management platform for private credit funds, raised a $13.5m Series A led by Insight Partners. Go deeper
• 7Rivers, a Milwaukee, Wis.-based data analysis company, raised a $5m Series A led by Inoca Capital Partners. Go deeper
• Sherpas, a Kansas City, Mo.-based wealth management software maker, raised $3.2m in seed funding led by 1248, joined by AUA Private Equity Capital and GoHub Venture. Go deeper
• Maazah, a Minneapolis-based dip and sauce brand, raised a $2m seed round backed by Minnesota-based offices. Go deeper
Private Equity
• An Affinius Capital-led consortium including Vista Hill Partners agreed to acquire Veris Residential (NYSE: VRE), a Northeast-focused multifamily REIT for about $3.4b. Go deeper
• GHK Capital Partners acquired CPL, a Rochester, N.Y.-based architecture, engineering, and consulting services firm. Go deeper
• Green Heron Partners invested in Regency Plumbing Contractors, a Houston-based commercial plumbing contractor. Go deeper
• Hamilton Lane, Braemont Capital and Delta-v Capital invested $500m in VFN Holdings, a Boulder, Colo.-based fiber infrastructure and broadband internet company. Go deeper
• Haveli Investments completed its majority investment in Sirion, an Austin, Texas-based contract lifecycle management software maker. Go deeper
• L Squared has acquired Functional Devices, a Sharpsville, Ind.-based building systems manufacturer. Go deeper
• Scale Microgrids, an EQT-backed energy developer, has acquired Reload, a Chicago-based data center management platform. Go deeper
Liquidity
• Myriad360, an AI networking firm, acquired AI infrastructure company Advizex, a Fulcrum IT Partners portfolio company. Go deeper
• Turning Rock Partners is exiting its investment in AmeriQual, an Evansville, Ind.-based shelf-stable food producer, through a recapitalization. Go deeper
M&A
• Cadence Design (Nasdaq: CDNS) completed its acquisition of the design and engineering unit of Hexagon (Stockholm: HEXA) for €2.7b. Go deeper
• Citigroup is in talks to sell some of its Mexican retail bank, Grupo Financiero Banamex, to groups including General Atlantic, Blackstone and BTG. Go deeper
⚡️ Chinese energy company CN Energy will acquire Alberta-based oil trader Blessing Logistics for $2m. Go deeper
• Estée Lauder CEO Stéphane de La Faverie said the company was open to acquisitions. Go deeper
• The Pokémon Company International will acquire its largest U.S. distributor, Excell Brands. Go deeper
It's Personnel
• AM Batteries hired Franz Fink as chief commercial officer. Fink was formerly the CEO of Maxwell Technologies. Go deeper
• Evercore appointed Ben Hart as a senior managing director and head of its Asia Private Capital Advisory division. Go deeper
• Xcel Energy added Rob Cain as senior vice president, chief technology officer. Cain was previously a partner in the Minneapolis office of consulting firm McKinsey. 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.
