Illustration: Sarah Grillo/Axios
Venture Capital
• Standard Template Labs, an NYC-based service management platform, raised a $49m seed round led by Iconiq and CRV. Go deeper
💊 Mestag Therapeutics, a Cambridge, U.K.-based cancer and inflammatory disease biotech, raised $40m from SV Health Investors, Johnson & Johnson Innovation, Forbion, GV, and Northpond Ventures. Go deeper
• WorkFlex, a Dutch cross-border workforce compliance platform, raised €37m led by Spectrum Equity. Go deeper
• TransFi, a Lithuanian stablecoin infrastructure startup, raised $14.2m in Series A equity and $5m in debt led by Turing Financial Group. Go deeper
⚡ Niv-AI, an Israeli AI power capacity company, raised $12m from Glilot Capital, Grove Ventures, Arc VC, Encoded VC, Leap Forward, and Aurora Capital Partners. Go deeper
⚡ GridBeyond, an Irish distributed energy software developer, raised €12m from Samsung Ventures and insiders Alantra, Klima, Energy Impact Partners, Mirova, ABB, Constellation Technology Ventures, and Act Venture Capital. Go deeper
• Wikifarmer, a Greek B2B food marketplace, raised $7.7m led by Brighteye Ventures and Piraeus Bank, with Point Nine Capital and Metavallon VC participating. Go deeper
🌎 Rubi, an SF-based carbon manufacturing startup, raised $7.5m led by AP Ventures and FH One Investments, with participation from Talis Capital, CMPC Ventures, H&M Group, and Understorey Ventures. Go deeper
• Candex, an NYC-based vendor payment and onboarding platform, raised a $7m Series C extension from HSBC. Go deeper
• BambooBox, an Indian provider of enterprise marketing automation software, raised $6.6m. Peak XV's Surge led, joined by Emergent Ventures, Arc180, Uncorrelated, and HAF. Go deeper
• Steward, an AML and compliance platform, raised $5m led by Motive Partners, with Outward VC and Cooley participating. Go deeper
• Webel, a Spanish home services marketplace, raised €4.3m in seed funding led by Trind Ventures, with Decelera Ventures and Tiburon participating. Go deeper
🌎 Level Nine, a German developer of catalysts for sustainable chemical production, raised €4m in seed funding led by Visionaries Tomorrow. Go deeper
• Laminar, a London-based agent debugging startup, raised $3m in seed funding. Atlantic.vc led, joined by YC and AAL.vc. Go deeper
⚡️ V-Glass, a Waukesha, Wis.-based vacuum-insulated glass startup, raised $3m in seed funding from the Grantham Foundation for the Protection of the Environment and its affiliate, Neglected Climate Opportunities. Go deeper
• CiaoDott, an Italian voice AI for health care, raised €1.5m in pre-seed funding. The Techshop led, joined by Vento, Club degli Investitori, Growth Engine, and Alpha Venture. Go deeper
• Republic, an NYC-based private markets investment platform, received a strategic investment from Hamilton Lane. Go deeper
Private Equity
• Audax Private Equity acquired AKAM, an NYC-based property management and real estate firm, from Nautic Partners. Go deeper
• Icelandirect, a portfolio company of New Heritage Capital, acquired Soma Labs, a Middlesex, N.J.-based supplements manufacturer. Go deeper
• James River Home Health, a portfolio company of RiverGlade Capital, acquired Golden Rule Hospice, an Atlanta-based hospice operator. Go deeper
• Nexus Health, a subsidiary of Ares Management portfolio company The Lockwood Group, acquired Stratis Group, a Palm Beach, Fla.-based pharmaceutical consulting firm. Go deeper
• Solugen, a Houston-based biochemical startup, raised $50m from Idealist Capital and Canada Growth Fund. Go deeper
Liquidity
• HIG is seeking to sell JT Thorpe, a Pennsauken, N.J.-based industrial services company, per PE Hub. Go deeper
• iCapital, an NYC-based alternative investment platform last valued at $7.5b, acquired Hexure, an insurance and annuity software provider backed by Thomas H. Lee Partners and NexPhase Capital. Go deeper
• Ramp, an NYC-based corporate card and expense management platform, acquired Juno, a travel and expense management company backed by Xfund and Impression Ventures. Go deeper
M&A
• GSR, an NYC-based crypto trading firm, acquired crypto advisory firms Autonomous and Architech for $57m. Go deeper
• Rogers Communications (NYSE: RCI) may sell off nearly one-third of Maple Leaf Sports and Entertainment, a C$25b holding company that includes the Toronto Maple Leafs and Toronto Raptors, in a debt-reduction effort, per TD Securities analysts. Go deeper
Fundraising
⚡️ Partech Impact Fund, a French venture and growth firm, raised a €300m debut fund targeting B2B tech. Go deeper
⚡️ GVC Gaesco Alternative Investments, the investment arm of Spanish financial group GVC Gaesco, launched a €70m infratech fund. Go deeper
It's Personnel
• Christine Plummer, former global controller at Coinbase, joined Streamex as CFO. Go deeper
• James Garvey, founder of Self, returned as CEO. Go deeper
• InTandem Capital Partners promoted IR head Lauren Mangino to managing director. Go deeper
• John Rikhtegar joined Northleaf Capital Partners as VP of VC and PE. He previously was with RBCx. Go deeper
Odds and Ends
⚡️ GS Power, an NYC-based independent power producer, raised $250m from Deutsche Bank. 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.
