Illustration: Sarah Grillo/Axios
Venture Capital
💊 Tortugas Neuroscience, a Framingham, Mass.-based neurology-focused biotech, raised $106m in seed and Series A funding. Cure Ventures led the seed and will be joined in the Series A by The Column Group and AN Venture Partners. tortugasneuro.com
🚑 Courier Health, a NYC-based patient engagement software maker, raised a $50m Series B led by Oak HC/FT with participation from insiders Norwest and Work-Bench. Go deeper
🌎 Afresh, an SF-based grocery software developer, raised $34m led by Just Climate and High Sage Ventures. Go deeper
• Atmos Space Cargo, a German orbital transport and re-entry vehicle developer, raised a €25.7m Series A led by Balnord and Expansion Venture Capital. Keen Defence and Security, the European Innovation Council, OTB Ventures, High-Tech Gründerfonds, APEX Ventures, Seraphim, Faber, E2MC, Kirch Ventures, Lennertz & Co., Mätch VC, MBG Baden-Württemberg, and Tech Horizons joined. Go deeper
• Mosaic, a NYC-based deal modeling platform, raised an $18m Series A led by Radical Ventures. Go deeper
🚑 Amperos Health, an NY-based insurance revenue recovery startup, raised a $16m Series A led by Bessemer Venture Partners and joined by Uncork Capital and Neo. Go deeper
• C-Infinity, a Mountain View, Calif.-based process planning automation startup, raised $16m. Canaan Partners led, joined by Inventus Capital, Bee Partners, and Radius Capital. Go deeper
• Scatr, a Cleveland-based data protection startup, raised a $12.6m Series A led by First In. Go deeper
• Octen, an AI search infrastructure company, raised a $10m seed. SquarePeg led, joined by Argor. Go deeper
⚡️ Nox Mobility, a German night-train manufacturer, raised €2m in pre-seed funding led by IBB Ventures. Go deeper
Private Equity
• EQT has submitted a £9.7bn takeover bid for Intertek, a British testing company. Go deeper
• First Legal, a Monterey Park, Calif.-based litigation services provider backed by Aurora Capital Partners, bought eFileMadeEasy, an electronic legal filing service. Go deeper
• Mphasis, an Indian IT services provider backed by Blackstone and others, bought Theory and Practice Business Intelligence, a Canadian data intelligence platform, for up to C$20m. Go deeper
M&A
• Air-France KLM and Deutsche Lufthansa AG are competing for a minority stake in the Portuguese airline TAP SA. Go deeper
• An heir to EssilorLuxottica SA is in advanced talks to buy out two of his siblings for nearly $12 billion. Go deeper
Liquidity
• SK Capital Partners completed the acquisition of Brothers International Food Holdings, a Rochester, N.Y.-based food product company, from Benford Capital Partners, which had acquired Brothers in 2020. Go deeper
It's Personnel
⚡️ Yuliya Kravtsov has joined CarbonCure as CEO. Kratsov was previously head of integration at CRH. Go deeper
