Illustration: Annelise Capossela/Axios
Venture Capital
💊 Stipple Bio, a cancer biotech, raised a $100m Series A. RA Capital, a16z Bio+Health and Nextech Invest led, joined by Emerson Collective Investments, GV, LoLa Capital Partners and GordonMD Global Investments. Go deeper
• Beacon Biosignals, a Boston-based brain data startup, raised an $11m extension to its Series B round. Investors included JSL Health, Palo Santo VC, Kicker Ventures, and Samsung Next. Go deeper
• Covalo, a Zurich-based personal care industry data platform, raised €3.5m. Hi Inov led, joined by existing investors HTGF and seed+speed Ventures. Go deeper
• Ridge AI, a Seattle-based dashboard and AI data agent developer, raised a $2.6m pre-seed. Madrona led, joined by TheFounderVC and angel investors. Go deeper
Private Equity
• Beacon Communications, a Littleton, Colo.-based provider of communications and security tech solutions, received an investment from Kelso & Co. and ARA Services Partners. Go deeper
• Frontenac acquired Bill Gosling Outsourcing, a business process outsourcing platform, from Owner Resource Group. Go deeper
• GenNx360-backed Heartland Business Systems, a Little Chute, Wisconsin-based IT services provider, has agreed to acquire Applied Tech, an IT services provider prominent in the Midwest and Rocky Mountains. Go deeper
• Optimove, backed by Summit Partners, agreed to acquire Smartico, a Bulgaria-based iGaming CRM. Go deeper
• Partners Group acquired a majority interest in a shallow bay industrial portfolio located across the Dallas-Fort Worth market from CanTex Capital. Go deeper
• Supplier.io, backed by Norwest, has acquired Tealbook, a supplier data management company backed by Ten Coves Capital. supplier.io
🚑 SV Health Investors invested in EpiVax, a Providence, R.I.-based bioanalytical CRO. Go deeper
M&A
⚡️ AZZO acquired Qubits Energy, a Nashville, Tenn.-based data center-focused power and energy management company. Go deeper
• Bureau Veritas will acquire Lotusworks, an Irish quality control business, at €375m in enterprise value. Go deeper
• Eat Happy Group's merger with Hana Group SAS' European operations will be financed with nearly $867m of loans and credit from Deutsche Bank AG, RBC Capital Markets and UniCredit SpA. Go deeper
Public Offerings
🚑 National Healthcare Properties, a health care REIT for outpatient medical and senior housing, filed for an IPO that Renaissance Capital estimates could raise $200m. It plans to list on the Nasdaq (NHP). Go deeper
It's Personnel
• Barclays has rehired Nick Fall from Goldman Sachs to co-head the firm's leveraged finance capital markets business. Go deeper
- Ryan Barwick, Natalie Breymeyer, Erin Brodwin, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Alan Neuhauser, Dan Primack, Lucinda Shen, and Brock E.W. Turner contributed to this report.
