Illustration: Maura Kearns/Axios
Venture Capital
🚑 Chapter, a Medicare navigation platform, raised $100 million in Series E funding. Generation Investment Management led, joined by Fifth Down Capital, 8VC and insiders Stripes, XYZ Venture Capital, Addition, Narya Capital, Susa Ventures, and Maverick Ventures. Go deeper
🚑 Luminai, an SF-based enterprise health care automation platform, raised a $38m Series B. Peak XV Partners led, joined by Define Ventures and insiders General Catalyst and YC. Go deeper
• Paysend, a U.K.-based international money transfer company, raised $25m from Claret Capital Partners. Go deeper
• Juno, an SF-based tax prep automation startup, raised a $12m seed round led by Bonfire Ventures, with participation from Impression Ventures and Xfund. Go deeper
🚑 TeiaCare, an Italian care monitoring startup, raised €7m led by P101. Go deeper
• Taurus, a company using AI to build consumer brands, raised $4.3m in seed funding led by General Catalyst. Go deeper
• Flashpass, a Cincinnati-based reskilling platform focused on AI job displacement, raised $4.1m led by J2 Ventures. Go deeper
• Edmund, a Czech debugging platform for industrial maintenance, raised €2.5m led by FORWARD.one, with participation from University2Ventures and Tensor Ventures. Go deeper
• Sigma Automate, an Atlanta-based IT automation startup, raised $2.75m led by Glasswing Ventures. Go deeper
• Sybol, a Spanish corporate digital identity startup, raised €1m from SETT, Repsol, Grupo Synaptia, Bolboreta Innova Group, Tritemius, Venturade, and Chromata Invest. Go deeper
• Portal Space Systems, a Bothell, Wash.-based orbital warfare spacecraft developer, raised funding from Booz Allen Ventures. Go deeper
Private Equity
• Baymark Partners acquired Katydid, a Dallas-based clothing, accessories, and gifts brand. Go deeper
• Charlesbank Capital Partners reinvested in Bridgepointe Technologies, a San Mateo, Calif.-based tech advisory and enablement services platform. Go deeper
🚑 Council Capital acquired MedicalServiceQuotes, a medical services procurement tool. Go deeper
• Mission Critical Group acquired TxLa Systems, a Huffman, Texas-based maker of electrical switchgear and modular systems. MCG is backed by CFT Capital Partners, Capital Southwest, Emerald Lake Capital Management, and Main Street Capital. Go deeper
• ZRG, backed by RFE Investment Partners, acquired Howard Fischer Associates, an executive and board search firm. Go deeper
Public
• Aevex, a Solana Beach, Calif.-based drone maker owned by Madison Dearborn Partners, set IPO terms to 16m shares at $18-$21. It would have a $2.18b market cap at the midpoint and plans to list on the NYSE (AVEX). Go deeper
Liquidity
• EQT agreed to sell a 30% stake in Nordic Ferry Infrastructure to a group that includes Gotlandsbolaget, Interogo Infrastructure and Lægernes Pension. EQT will retain a majority stake. Go deeper
M&A
• Corient, a Miami-based wealth management firm, acquired Vivaldi Capital Management, a Chicago-based RIA with $5.6b in AUM. Go deeper
• Numa, a VC-backed AI platform for auto dealership customer ops, acquired sales platform Ficus. Go deeper
• Terra Quantum, a Swiss developer of hybrid quantum algorithms, agreed to merge with Mountain Lake Acquisition Corp. II (Nasdaq: MLAAW), a SPAC led by Paul Grinberg, at a $3.25b valuation. Terra Quantum backers include Lakestar and Anders Indset. Go deeper
It's Personnel
🌎 Evaline Tsai was promoted to partner at Gigascale Capital, a Palo Alto, Calif.-based climate-focused VC firm. Tsai was previously principal. Go deeper
• Luke Dauch joined Transom Capital Group as a principal focused on biz dev. He previously was an industrials banker at JPMorgan. Go deeper
⚡️ Terawatt Infrastructure, an EV charging infrastructure developer, added Sujoy Haldar as CFO, Titiaan Palazzi as chief product and strategy officer, and Nadeem Sheikh as chief business officer. Go deeper
Odds & Ends
⚡️ Energy Vault Holdings (NYSE: NRGV) acquired an 850 MW battery project pipeline in Japan. 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.
