Illustration: Rebecca Zisser/Axios
Venture Capital
• Rebellions, a South Korean fabless AI chip startup, raised $400m at a $2.34b valuation led by Mirae Asset Financial Group and the Korea National Growth Fund. Go deeper
• ScaleOps, an Israeli computing resource allocation startup, raised $130m in Series C funding at an $800m valuation. Insight Partners led, joined by Lightspeed, NFX, Glilot Capital Partners, and Picture Capital. Go deeper
• Qodo, an NYC-based AI coding startup, raised $70m in Series B funding. Qumra Capital led, joined by Maor Ventures, Phoenix Venture Partners, S Ventures, Square Peg, Susa Ventures, TLV Partners, and Vine Ventures. Go deeper
• IQM Quantum Computing, a Finnish quantum computer developer, raised €50m led by BlackRock. Go deeper
• Midas, a tokenization protocol, raised $50m in Series A funding. RRE and Creandum led, joined by Framework Ventures, HV Capital, Ledger Cathay, North Island Ventures, Coinbase Ventures, Franklin Templeton, GSR, and Anchorage Digital. Go deeper
• Valinor, a blockchain-based private credit infrastructure startup, raised $25m in seed funding. Castle Island Ventures led, joined by Susquehanna and Maven11. Go deeper
• Create Wellness, a NYC-based gummy maker, raised $20m in Series B funding led by Alliance Consumer Growth and Impact Capital, with participation from Unilever Ventures. Go deeper
Private Equity
• Apollo and GIC are nearing a deal to acquire Atlantic Aviation, a Plano, Texas-based private jet fixed-base operator, from KKR for an almost $10 billion valuation, per Bloomberg. Go deeper
• Archer Foodservice Partners, backed by Wynnchurch Capital, agreed to acquire the food service business of SternoCandleLamp from Compass Diversified (NYSE: CODI). Go deeper
• Del Monte Capital acquired DLG Infrastructure Services, a Houston-based municipal water infrastructure company. Go deeper
• Galls, a portfolio company of Charlesbank, acquired CMS Uniforms and Equipment, a Nashville-based maker of uniforms for first responders. Go deeper
🚑 Kain Capital invested in White Wilson Medical Center, a multi-specialty physician group in Florida. Go deeper
• Michelli Weighing & Measurement, a portfolio company of Summit Park, acquired industrial weighing companies Florida Industrial Scale Company and Industrial Scale and Measurement. Go deeper
• Nxtra Data, an Indian data center operator, secured $1b from Alpha Wave Global, Carlyle, Anchorage Capital, and Bharti Airtel. Go deeper
• Osprey Landscape Group, a Southfield Capital portfolio company, acquired Palm Gardens, a Dallas-area commercial landscaper. Go deeper
🚑 Prescient Healthcare Group, a portfolio company of Bridgepoint, acquired Dolon, a London-based pricing and market access consultancy. Go deeper
Liquidity
• Uber Technologies agreed to buy Blacklane, a German chauffeur booking app maker that had raised more than $220m from TASARU Mobility Investments, Gargash Group and Mercedes-Benz Mobility. Go deeper
M&A
💊 Aurinia Pharmaceuticals (Nasdaq: AUPH) agreed to acquire Kezar Life Sciences (Nasdaq: KZR), a South SF-based autoimmune biotech, for $51.3m. Go deeper
It's Personnel
💊 Emil deGoma, formerly SVP of medical research at Tourmaline Bio, joined Braveheart Bio as chief medical officer. Go deeper
⚡️Mitch Risner was appointed chief revenue officer of Convey, a Denver-based utilities software developer. He previously was with Cyara and succeeds Scott McClintock, who was named chief customer officer. Go deeper
⚡️Josh Stiling was promoted to principal at Anzu Partners, a San Diego-based VC firm focused on low-carbon, industrial and life sciences tech. Go deeper
Odds & Ends
💊 Eli Lilly agreed to pay $115m upfront and up to $2.75b to Hong Kong-listed Insilico Medicine to develop a drug portfolio across undisclosed therapeutic areas. Go deeper
