Illustration: Gabriella Turrisi/Axios
Venture Capital
• Blank Street Coffee is in talks to raise at least $100m at a $1b valuation, per the FT. Go deeper
• Cognichip, an SF-based chip design startup, raised $60m. Seligman Ventures led, joined by Walden Catalyst Ventures. Go deeper
• Monarch Quantum, a San Diego-based photonics hardware developer, raised $55m. Serendipity Capital led, joined by 55 North and Global Innovation Labs. Go deeper
• Linx Security, an NYC-based identity security and governance company, raised $50m in Series B funding. Insight Partners led, joined by Cyberstarts and Index Ventures. Go deeper
• Manna Air Delivery, an Irish consumer drone delivery startup, raised $50m from ARK Invest, Ireland Strategic Investment Fund, Schooner Capital, Coca-Cola HBC, and Molten Ventures. Go deeper
💊 TippingPoint Biosciences, an SF-based drug discovery platform targeting epigenetic proteins, raised $4.5m. SOSV and LKS Fund led, joined by Sazze Partners, Freeflow Ventures, StoryHouse Ventures, Sontag Innovation Fund, American Cancer Society BrightEdge, XEIA, and WeCAN. Go deeper
🚑 Audicin, a Finnish neurotech startup, raised $1.9m from backers like Business Finland's Deep Tech Accelerator. Go deeper
Private Equity
• Cook & Boardman Group, backed by Platinum Equity, acquired the assets of Assurance Media, a structured cabling, A/V systems, and premise security company. Go deeper
• Godspeed Capital invested in GALT Aerospace, a San Diego-based defense tech startup. Go deeper
• Oak Hill Capital acquired Guild Garage Group, an NYC-based residential garage door service provider. Go deeper
⚡️ PK Cos., backed by DC Capital Partners, acquired Pro-Surve Technical Services, a provider of technical inspection for the industrial and energy sectors. Go deeper
• Stride Consumer Partners invested in Peachy, an NYC-based beauty services brand focused on preventative skin care. Go deeper
• TA Associates invested in iBase-t, a Lake Forest, Calif.-based provider of manufacturing operations software. Go deeper
Liquidity
• BASF acquired AgBiTech, an Australian biological crop protection solution company, from Paine Schwartz Partners. Go deeper
🌎 GFL Environmental acquired Frontier Waste Solutions, a Dallas-based non-hazardous solid waste and recycling services company, from Concentric Equity Partners and Summer Street Capital Partners. Go deeper
• Intel (Nasdaq: INTC) agreed to acquire the 49% it doesn't own in an Irish fab JV from Apollo for $14.2b. Go deeper
M&A
• Franklin Templeton agreed to acquire 250 Digital, a crypto investment firm. The deal will be paid in part using BENJI tokens, which represent shares of its blockchain-based mutual fund. Go deeper
Debt
⚡Mesabi Metallics, a Nashwauk, Minn.-based iron ore producer, raised $520m in a senior secured credit facility from Breakwall Capital. Go deeper
Fundraising
• L Squared Capital Partners has closed a single-asset CV for BTX Precision, an Elk Grove, Ill.-based metal manufacturer. Go deeper
• New Vintage Partners raised $82m for its debut secondaries fund. Go deeper
It's Personnel
• Jacob Lindberg, former CEO of Vinter, was named CRO of Valour. Go deeper
• Kurt Sievers, former CEO of NXP Semiconductors, was appointed to the board of Booking Holdings (Nasdaq: BKNG). Go deeper
• Rafael Oliveira, CEO of JDE Peet's, was named CEO of Global Coffee Co. following Keurig Dr Pepper's acquisition. Go deeper
🚑 Richard Reynolds, former president of Olympus America Medical Systems Group, was named regional president. Go deeper
