Illustration: Aïda Amer/Axios
Venture Capital
• Gimlet Labs, a developer of AI inference software, raised $80m in Series A funding. Menlo Ventures led, joined by Factory, Eclipse, Prosperity7, and Triatomic. Go deeper
• Above Security, an Israeli insider threat platform, raised $50m from Ballistic Ventures, Merlin Ventures, Norwest, Jump Capital, and QPV Ventures. Go deeper
💊 Amani Therapeutics, an NYC-based neuropsychiatric biotech, raised $25m in Series A funding from backers like RTW Investments. Go deeper
💊 Oryon Cell Therapies, a Belmont, Mass.-based developer of stem cell therapies for Parkinson's, raised $21m in a Series A extension from Neuro.VC and Byers Capital. Go deeper
• SPARK Microsystems, a Canadian semiconductor startup, raised C$17m in Series B extension funding. Idealist Capital and Real Ventures led, joined by Cycle Capital, ND Capital, and EDC. Go deeper
• Interloop, an enterprise memory developer for AI agents, raised $16.5m in seed funding. DN Capital led, joined by Bek Ventures and insider Air Street Capital. Go deeper
• Littlebird, an SF-based developer of software that captures context from user computers, raised $11m led by Lotus Studio. Go deeper
Private Equity
• AEA Investors acquired Trinamix, a San Jose, Calif.-based provider of cloud and ERP solutions. Go deeper
• Blackstone is considering a $200m-$300m investment in one of two Indian Premier League cricket teams up for sale — the Rajasthan Royals or the Royal Challengers Bengaluru — per Bloomberg. Go deeper
• Eureka Education, a French portfolio company of Naxicap Partners, acquired U.K. vocational education firm Knovia from Sovereign Capital. Go deeper
• Relation Insurance Services, backed by Aquiline Capital Partners, acquired Chinook Insurance Group, a Seattle-based commercial insurer. Go deeper
• Rootstock, a Gryphon Partners portfolio company, acquired Ascent Solutions, a Minneapolis-based provider of Salesforce-native ERP and operational applications. Go deeper
Liquidity
• Gilead Sciences (Nasdaq: GILD) is in talks to acquire T-cell engager biotech Ouro Medicines for around $2b, per the FT. Ouro raised a $120m Series A round last year from TPG, NEA, Norwest Venture Partners, and Monograph Capital (which co-founded the company with GSK). Go deeper
• Moniepoint, an African payments and banking startup, acquired Orda, a Nigerian restaurant management platform backed by FinTech Collective, Quona Capital, and LoftyInc Capital Management. Go deeper
M&A
• Molson Coors (NYSE: TAP) agreed to acquire Atomic Brands, the Miami-based maker of ready-to-drink Monaco Cocktails. 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.
