Illustration: Sarah Grillo/Axios
Venture Capital
• MatX, a Mountain View, Calif.-based AI chip developer, raised more than $500m in new funding. Jane Street and Situational Awareness led, joined by Marvell Technology, NFDG, Spark Capital, and Stripe co-founders Patrick and John Collison. Go deeper
• Basis, a New York-based agent platform for accountants, raised a $100m Series B at a $1.2b valuation. Accel led, joined by GV, Lloyd Blankfein, and Khosla Ventures. Axios Pro Flashback
• Nimble, a New York-based web search and data platform, raised a $47m Series B led by Norwest. Databricks Ventures, Target Global, Square Peg, Hetz Ventures, Slow Ventures, R-Squared Ventures, J-Ventures, and InvestInData joined. nimbleway.com
• Based, a Singapore-based Web3 consumer app for crypto, raised a $11.5m Series A led by Pantera, with participation from Coinbase Ventures, Wintermute Ventures and Karatage. Go deeper
🚑 MedScout, an Austin, Texas-based commercial enterprise medtech tool developer, raised $10m led by Fulcrum Equity Partners, joined by insiders Live Oak Venture Partners and Stage 2 Capital. Go deeper
• Sophia Space, an SF-based company developing orbital data centers, raised a $10m seed round from Alpha Funds, KDDI Green Partners Fund and Unlock Venture Partners. Go deeper
• Neural Earth, a Miami-based geospatial risk intelligence platform, raised a $9.3m seed round from undisclosed investors. Go deeper
• Circadian Risk, an Ann Arbor, Mich.-based enterprise risk analysis company, raised a $6m Series A led by Arthur Ventures, joined by Roll Tack Ventures, 11 Tribes and Tamiami Angel Funds. Go deeper
• Mogul, a West Hollywood, Calif.-based music industry revenue tracking platform, raised $5m. Yamaha Music Innovations Fund led, joined by the Urban Innovation Fund, Mindset Ventures, Fairway Capital Partners, Amplify LA and Wonder Ventures. Go deeper
• Evoke Security, a Washington-based cybersecurity company, raised a $4m pre-seed round led by Crosspoint Capital Partners, with participation from Red Cell Partners. Go deeper
• Jampack AI, an NYC-based wholesale operations automation platform, raised a $3.2m seed led by Maveron, joined by Timber Grove Ventures. Go deeper
Private Equity
• Arcline Investment Management agreed to buy Hydraulics International, a provider of ground support equipment, mobile test systems, and specialized pumps. Go deeper
• CampusWorks, backed by Atlantic Street Capital, merged with Dynamic Campus, a higher education IT services firm. dynamiccampus.com
• Capital Constellation, backed by Wafra, invested in Gallatin Point Capital, a private investment firm. Go deeper
• Kava Equity Partners acquired The Berg Group, a Minnesota-based drywall contractor, from the Southern Ute Indian Tribe Growth Fund. Go deeper
• Morgan Stanley Capital Partners acquired Security 101, a West Palm Beach, Fla.-based provider of commercial security integration services. Gemspring backed Security 101. Go deeper
• On Track Partners, backed by NorthCurrent Partners, acquired Carey's Seamless Gutters & Overhead Doors, a Wisconsin-focused gutter systems and garage door installer. Go deeper
• OneMagnify, backed by Crestview Partners, acquired the performance marketing business of Optimal, a digital marketing company. Go deeper
• Shamrock Capital acquired Mutiny, an LA-based creative agency for gaming. Go deeper
• Topspin Consumer Partners invested in Grid, a Dallas-based maker of lockers and flooring solutions for fitness facilities. Go deeper
• Victor Capital Partners invested in Specialty Fenestration Group, a maker of high-security windows and doors. River Associates Investments exited. Go deeper
🚑 QC Capital Group invested in My Pediatric Doctor, a 24/7 urgent care pediatric telemedicine company. Go deeper
M&A
• ADT, a Boca Raton, Fla.-based home security company, acquired Origin Wireless, an AI company that can analyze and track motion without cameras, for $170m. Go deeper
• Brookfield Asset Management bought U.K.-based Ori, an AI cloud provider, and merged it with its newly formed Radiant. Ori's backers include Fortitude Capital, Wa'ed Ventures, 6 Degrees Capital, Atempo Growth and NextEra Energy. Go deeper
Public Offerings
🚑 MiniMed Group, a diabetes management device business being carved out of Medtronic (NYSE: MDT), plans to raise $742m in an offering of 28 million shares priced between $25 to $28. Go deeper
💊 Salspera, a Cambridge, Mass.-based cancer biotech, plans to raise $85m by offering 5.7 million shares priced between $14 and $16. Go deeper
It's Personnel
• Anthony Kontoleon, former partner and CEO of the Americas at Azura Partners, joined The Raine Group as partner. Go deeper
⚡️ Ara Partners promoted James Chiu to partner in its energy strategy. Go deeper
• Daniel Klier, former CEO of South Pole, was named CEO of Pur, subject to regulatory approval. Go deeper
💊 John A. Orwin, former CEO of Relypsa, was appointed to the board of Synthekine. Go deeper
• Jaser Faruq joined ChargePoint as chief product and software officer. Faruq previously led the North American electrification businesses at Schneider Electric. Go deeper
Odds & Ends
💊 Astellas, a Tokyo pharma giant, agreed to pay $335m in upfront and near-term payments, and up to $1.37b, to San Francisco-based Vir Biotechnology (NASDAQ: VIR) to advance a T-cell engager for prostate cancer. Go deeper
💊 GSK (NYSE: GSK) agreed to pay $40m upfront and up to $963m to Chinese biotech company Frontier Biotechnologies to license and develop a pair of oligonucleotide therapies. Go deeper
• Spirit Airlines has reached a deal with its creditors to exit Chapter 11, reducing its fleet costs by more than $550m. Go deeper
• LongPath Technologies, a Denver-based methane monitoring startup, says it received the first advance of a $162m loan from the Department of Energy's loan program office. Go deeper
• Investors in the TransAmerica building in downtown SF have agreed to sell the building to Yoda Plc, a Cyprus-based investment firm. Investors in the building include Deutsche Finance America and the developer Michael Shvo. 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.
