Illustration: Eniola Odetunde/Axios
Venture Capital
• SyberJet, a Phoenix-based jet startup led by Nikola founder Trevor Milton, is seeking to raise $1b at a $4b valuation, per the WSJ. Go deeper
• RedotPay, a Hong Kong-based stablecoin payments startup, is in talks to raise up to $150m, per Bloomberg. Go deeper
🚑 Latent Health, a startup automating pharmacy workflows, raised $80 million in Series A funding at a $600m valuation. Spark Capital and Transformation Capital led, joined by Conviction, McKesson Ventures, General Catalyst and Y Combinator. Go deeper
• RunSybil, an AI cybersecurity startup, raised $40m. Khosla Ventures led, joined by S32, Anthropic's Anthology Fund, Menlo Ventures, Conviction, and Elad Gil. Go deeper
• BusRight, an NYC-based student transportation startup, raised more than $30m led by Volition Capital. Go deeper
• Corridor, an AI coding security startup, raised $25m in Series A funding at a $200m valuation. Felicis led, joined by Conviction, Timeless, Artisanal Ventures, Lux Capital, Sunflower Capital, Datadog, and SV Angel. Go deeper
• Meadow, an NYC-based online funeral planning startup, raised $9m in a Series A round led by Lachy Groom and Haystack. Go deeper
Private Equity
• Aldine invested in The Rack Group, a maker and online retailer of billiards equipment. Go deeper
• Bain Capital made a growth investment in Duravent, a Detroit-based provider of venting and air movement solutions. Go deeper
• SouthernCarlson, a Truelink Capital portfolio company, acquired Greenwald Supply Direct, a Hyattsville, Md.-based building products distributor. Go deeper
• Tech24, a portfolio company of Vestar Capital Partners and HCI Equity Partners, acquired Pacific Standard Service, an Albany, Calif.-based provider of commercial cooking equipment. Go deeper
Public Offerings
• Kraken, a crypto exchange valued at $20b, has paused its IPO plans, per CoinDesk. Go deeper
Personnel
🚑 Sameer Mathur (ex-Chicago Pacific Founders) and Bridie Gahan (Astrana Health) joined Kain Capital as a partner and VP of strategy, respectively. Go deeper
• Jennifer Roach joined Manna Tree as a managing director. She previously was with Yellow Wood Partners. Go deeper
• Stax Payments added Andrew Monroe (ex-Bluefin) as chief commercial officer. It also promoted David Winters to COO. Go deeper
