Illustration: Brendan Lynch/Axios
Venture Capital
• Axiom Math, a mathematical superintelligence startup, raised $200m in Series A funding at a $1.6b valuation. Menlo Ventures led, joined by Greycroft, Madrona, and B Capital. Go deeper
• Sunday, a Mountain View, Calif.-based home robotics startup, raised $165m in Series B funding at a $1.15b valuation. Coatue Management led, joined by Bain Capital Ventures, Tiger Global, Benchmark, and Conviction Partners. Go deeper
• Wonderful, an Israeli agentic AI developer, raised a $150m Series B at a $2b valuation. Insight Partners led, joined by Index Ventures, IVP, Bessemer Venture Partners, and Vine Ventures. Go deeper
• Oro Labs, a Palo Alto, Calif.-based procurement software startup, raised $100m in Series C funding. Goldman Sachs and Brighton Park Capital led, joined by Norwest Venture Partners, B Capital, XYZ Capital, and Felicis. Go deeper
• Gumloop, an SF-based no-code AI agent building platform, raised a $50m Series B. Benchmark led, joined by Nexus VP, First Round Capital, Y Combinator, Box Group, The Cannon Project, and Shopify. Go deeper
• Cryptio, a digital asset ERP platform, raised $45m in Series B funding. BlackFin Capital Partners and Sentinel Global led, joined by 1kx, Alven, BlueYard Capital, and Ledger Cathay Capital. Go deeper
• Bold, an Israeli cybersecurity startup, raised $40m from Bessemer Venture Partners, Picture Capital, and Red Dot Capital Partners. Go deeper
• Onyx Security, an Israeli cybersecurity startup, raised $35m in Series A funding led by Conviction. Go deeper
🚑 Monteris Medical, a Minnetonka, Minn.-based neurosurgery company, raised $28m in Series E funding from InnovaHealth Partners, Birchview Capital, OSF Ventures, and Colorado University Healthcare Innovation Fund. Go deeper
• Delfos Energy, a developer of applied AI for renewable and energy infrastructure operators, raised €3m in seed funding from Vox Capital/COPEL. Go deeper
Private Equity
• Ridgewood Infrastructure acquired a controlling stake in Sierra Railroad Co., an Oakdale, Calif.-based shortline rail platform. Go deeper
Going Public
🚀 MDA Space, a Toronto-listed provider of satellite systems and space robotics, raised $330m in a float on the NYSE (MDA), pricing shares below the as-converted last close in Toronto ($30.50 vs. $33.41). Go deeper
• Metals Acquisition II, a metals and mining SPAC, raised $200m in its IPO. Go deeper
• SUMA Acquisition, a tech SPAC led by Naseem Saloojee (Carbon6 Technologies), raised $150m in its IPO. Go deeper
Liquidity Events
• Azzurri Group, owned by TowerBrook, is weighing a sale of the UK and European franchises of Dave's Hot Chicken, a fast-food brand owned by Roark Capital, per Bloomberg. Go deeper
• Bilt, an NYC-based loyalty and payments platform, acquired Sion, a travel commission management platform, for $30m. Sion had raised over $8m in seed funding from firms like TIA Ventures. Go deeper
• Ripple is running a tender offer to buy back up to $750m in shares at a $50b valuation, per Bloomberg. Go deeper
M&A
💊 Enodia Therapeutics, a French biotech, agreed to pay up to $128m to South San Francisco-based Kezar Life Sciences for its preclinical protein degradation program. Go deeper
It's personnel
⚡️ Teddy Flatau, CEO of Wevo Energy, an Israeli EV charging software developer acquired by SolarEdge Technologies, is departing the company. Go deeper
• Stephen Gregory, former U.S. CEO of Currency.com, joined Binance.US as CEO, replacing Norman Reed. Go deeper
💊 Zach Henderson, former chief commercial officer at Rune Labs, joined MindMaze Therapeutics as CEO. Go deeper
• Rainer Stiller joined DG Matrix as CMO, having previously been with Vertiv. 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.
