Illustration: Aïda Amer/Axios
Venture Capital
🚑 Iterative Health, a Cambridge, Mass., and New York-based clinical trial infrastructure company, raised a $77m Series C led by Intrepid Growth Partners and GV. EDBI, Insight Partners and Obvious Ventures also joined. Go deeper
• Standard Intelligence, a model that trains on video rather than text, raised $75m at a $500m valuation. Sequoia Capital and Spark Capital led. Go deeper
• Versana, a New York-based loan market infrastructure company, raised $43m led by BNP Paribas and joined by Fitch Ventures, MassMutual Ventures, Motive Partners and Apollo. Existing shareholders Bank of America, Barclays, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley, U.S. Bancorp and Wells Fargo joined. Go deeper
⚡️ DISA Technologies, a Casper, Wyo.-based mineral processing, domestic uranium remediation and resource recovery company, raised $33m led by Galvanize and supported by BHP Ventures. Go deeper
• Sahi, an Indian stock trading platform, secured $33m from Accel Growth, with participation from Elevation Capital and Accel India. Go deeper
• Creati Gen AI, an SF-based AI video editor, raised a $20m round led by Redpoint Ventures. Go deeper
• Fence, a Spanish finance infrastructure startup for asset-backed markets, raised $20m led by Galaxy Ventures, with participation from ParaFi Capital and Crane Ventures Partners. Go deeper
💊 Moleculent, a Stockholm-based cell communication mapping company, raised $20m led by Rubicon Healthcare Partners, joined by ARCH Venture Partners and Eir Ventures. Go deeper
• Belo, an Argentine crypto app, raised a $14m Series A led by Tether, with participation from Titan Fund, The Venture City, Mindset Ventures, and G2. Go deeper
• StudentCrowd, a U.K.-based student housing startup, raised a £7m Series A. YFM Equity Partners led, joined by the Midlands Engine Investment Fund II. Go deeper
Private Equity
• ADW Capital offered to buy Driven Brands (Nasdaq: DRVN), a Charlotte, N.C.-based automotive services company that owns Meineke, for nearly $3b, per the WSJ. The activist hedge fund is trying to remove Driven's majority owner, Roark Capital. Go deeper
• Arcus Infrastructure Partners bought a majority stake in TrueNoord, an Amsterdam-based regional aircraft lessor. Go deeper
⚡️ Clearlake Capital Group acquired Qualus, a Lake Mary, Fla.-based grid modernization advisory, from New Mountain Capital. qualuscorp.com
• GTCR formed Avelis Holdings, a platform building out data and analytics for the global commodity and industrial markets. Go deeper
Liquidity
🚑 Medisolv, a Columbia, Maryland-based health care data management company, bought Health Elements AI, a Bend, Ore.-based AI tool for clinical registries backed by AI2 Incubator, Bend Venture Conference and Pack Ventures. Go deeper
Funds
• Boyne Capital, a Miami-based middle-market private equity firm, raised $355m for BCM Fund III. Go deeper
Odds & Ends
• Jana Partners is urging Markel Group, a Virginia-based conglomerate best known for its specialty insurance operations, to divest Markel Ventures, which invests outside of specialty insurance. The activist also called for a $2b share buyback. Go deeper
