Illustration: Aïda Amer/Axios
Venture Capital
• Nominal, an Austin, Texas-based industrial software startup, raised an $80m Series B extension at a $1b valuation. Founders Fund led, joined by Sequoia Capital, Lux Capital and General Catalyst. Go deeper
• Silverflow, an Amsterdam-based card payments processing startup, raised a $40m Series B led by Picus Capital. Rabo Investments, Inkef, Global PayTech Ventures, Crane Venture Partners and Coatue joined. Go deeper
🚑 Minnesota Medical Technologies, a Stewartville, Minn.-based continence care company, raised $20.6m in Series A funding co-led by HM Venture Partners and Southeast Minnesota Capital Partners. Go deeper
• Levitate, a Raleigh, N.C.-based relationship marketing platform, raised $16m led by Harbert Growth Partners, with participation from Bull City Venture Partners and Northwestern Mutual Future Ventures. Go deeper
• Denki, an SF-based AI audit automation startup, raised $4.1m led by Base10 Partners and Shine Capital and joined by Y Combinator and 20VC. Go deeper
• Cheer Games, a Barcelona-based mobile puzzle game studio, raised $4.5m in pre-seed funding. Makers Fund led, joined by Play Ventures. Go deeper
⚡️ Vor Systems, a San Francisco-based AI clean energy deal startup, raised $3m in pre-seed funding led by Gigascale Capital and including Virta Ventures and angels Christopher Payne, Hank Couture, Badrul Farooqi, Joe Song, Paul Grana, and Titiaan Palazzi. Go deeper
• Vivox AI, a U.K.-based builder of AI agents for AML and KYB/KYC, raised £1.3m. Investors include Axel Weber (former president of Germany's central bank) and Dan Cobley (former managing director at Google UK). Go deeper
Private Equity
• Ardurra, a Miami-based engineering and consulting firm backed by LittleJohn, acquired Remington & Vernick, a Cherry Hill, NJ-based engineer consulting firm. Go deeper
• Goldman Sachs Alternatives carved out Mace Consult, a program and project management services provider, from London's Mace Group. Go deeper
• Sundance Growth invested in Guardhouse, an Australian security workforce management platform. Go deeper
• Tributary Group of Chicago invested in Softworks, a Canadian regulatory and workforce management software provider. Go deeper
• Victor Capital Partners acquired Specialty Fenestration Group, a Houston-based specialty fenestration platform whose brands include Quikserv and United States Bullet Proofing, from River Associates Investments. Go deeper
Liquidity
• Seal Shield acquired Vioguard, a maker of sanitization products for keyboards and devices. Sellers include Imagen Capital Partners. Go deeper
M&A
• Informa (LSE: INF) is weighing a sale of its Monaco-based luxury events, including the Monaco Yacht Show, per Reuters. Go deeper
• Netflix (Nasdaq: NFLX) acquired InterPositive, a filmmaking tech startup founded by Ben Affleck. Go deeper
• Six Flags (NYSE: FUN) agreed to sell seven of its amusement parks to EPR Properties (NYSE: EPR) for $331m. Go deeper
Fundraising
• a16z crypto, the blockchain venture arm of Andreessen Horowitz, is targeting around $2b for its fifth fund, per Fortune. Go deeper
• Synergy Sports Capital, a private equity firm focused on high-growth emerging leagues outside the traditional Big 4, raised $150m. Go deeper
• Axiom Partners, an early-stage firm founded by Sandhya Venkatachalam (ex-Khosla Ventures), raised $52m for its debut fund. Go deeper
It's Personnel
⚡️ Ross Niebergall has joined QuantumScape's board of directors. Niebergall was previously chief technology officer of L3Harris. Go deeper
- Ryan Barwick, Natalie Breymeyer, Erin Brodwin, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Chelsea Naso, Alan Neuhauser, Dan Primack, and Brock E.W. Turner contributed to this report.
