Illustration: Allie Carl/Axios
Venture Capital
🌎 Iceye, a Finnish satellite startup, is in talks to raise €250m at a roughly €5b valuation, per Bloomberg. Go deeper
• Blitzy, a Cambridge, Mass.-based autonomous software development startup, raised $200m at a $1.4b valuation. Northzone led, joined by PSG, Battery Ventures, Jump Capital, NFX, Link Ventures, Flybridge, Liberty Mutual Strategic Ventures, Erie Strategic Ventures and BAL Ventures. Go deeper
• Enter, a Brazilian legal tech startup, raised $100m at a $1.2b valuation. Founders Fund led, joined by Sequoia Capital and Ribbit Capital. Go deeper
💊 Cytospire Therapeutics, a U.K. developer of next-gen immune cell engagers, raised a £61m Series A. 4BIO Capital led and was joined by Servier Ventures, British Business Bank, Sound Bioventures, Criteria Bio Ventures, Abingworth, LifeArc Ventures. Modi Ventures, Medical Incubator Japan and Pathway Bioventures. Go deeper
• Zyg, an Israeli platform for scaling e-commerce businesses, raised $60m at a $500m valuation. Accel led, joined by Bessemer Venture Partners and Lightspeed Venture Partners. Go deeper
• CopilotKit, a Seattle-based agentic AI applications infrastructure developer, raised a $27m Series A from Glilot Capital, NFX, and SignalFire. Go deeper
⚡️ Lithosquare, a French metals-discovery software developer, raised $25m in seed funding led by World Fund and Kindred Capital, joined by Daphni, Omnes Capital and Ovni Capital. Go deeper
🌎 Trillium Renewable Chemicals, a Knoxville, Tenn.-based bio-based chemicals manufacturer, raised a $13m in Series B led by HS Hyosung Advanced Materials, joined by Capricorn Partners. Go deeper
⚡️ WaiV Robotics, a British VTOL maritime drone developer, raised €6.4m in seed funding. Go deeper
• Davis, a Paris-based real estate design startup, raised $5.5m in pre-seed funding. Heartcore Capital and Balderton Capital led, joined by Yellow, Evantic and Entrepreneurs First, and angel investors. meetdavis.com
• Corvera, a London agentic supply chain platform for CPG brands, raised a $4.2m seed round. 6 Degrees Capital led, joined by 20VC, Rebel Fund, Duke Capital Partners, and Multimodal Ventures. Go deeper
🚑 XCaliber Health, an Andover, Mass.-based health care AI company, raised a $6.5m seed led by ManchesterStory. Benhamou Global Ventures and Arka Venture Labs participated. Go deeper
💊 MSICS Pharma, an Israeli psilocybin biotech, raised $3.6m from Fusion VC, GlenRock, Gooday Investments and Shani Investments. Go deeper
🌎 Sugarox, U.K. crop biostimulant developer, raised £2.5m from The Mosaic Company. Go deeper
• Jurisphere.ai, a legal AI startup, raised $2.2m in funding from InfoEdge Ventures, Flourish Ventures, Antler and 8i Ventures. Go deeper
🌎 Pacific Hybreed, a Honolulu-based aquaculture biotech, raised $1m from Hawai'i Angels and Blue Startups. Go deeper
Private Equity
• Alcami, a CDMO backed by GHO Capital, Vistria, and Ampersand Capital Partners, completed its acquisition of Tjoapack, a Dutch contract packaging organization, from Ampersand. Go deeper
• Boyne Capital invested in H&B Facility Services, a Lake Hiawatha, N.J.-based commercial cleaning and facility services company. Go deeper
⚡️Cerberus agreed to invest in S+S Industries, a Houston-based power equipment manufacturer and supplier for data centers. Go deeper
🚑 CQ Medical, a portfolio company of Blue Wolf Capital Partners, acquired .decimal, a Sanford, Fla.-based precision manufacturer of cancer treatment technology. Go deeper
🚑 Healthcare Linen Services Group, a portfolio company of The Sterling Group, acquired Texas Textile Services, a Houston-based health care linen and laundry services company. Go deeper
💊 JLL Partners invested in CAI, an Indianapolis-based professional services firm for life sciences. Go deeper
• Leap Partners, a portfolio company of Concentric Equity Partners, acquired Air Hawk Heating & Cooling, an Odessa, Fla.-based HVAC provider. Go deeper
• Miller Environmental Group, a portfolio company of Coalesce Capital, acquired Central Ohio Oil, a Columbus, Ohio-based provider of non-hazardous waste treatment services. Go deeper
⚡️ Platinum Equity acquired Infratech, a Gardena, Calif.-based infrared electric heating company. Go deeper
• Virginia Green, a portfolio company of Golden Gate Capital and Golub Capital, acquired Turf Solutions, a Harbeson, Del.-based residential lawn care company. Go deeper
🌎 TerraBlaster, a Redwood City, Calif.-based startup developing tech to measure soil nutrients, is raising $10-15m in seed funding, per AgFunder News. Go deeper
Liquidity
⚡️EDP Renovaveis, a Portuguese renewables firm, is considering selling its U.S. distributed generation business, which has about 500 MW of assets in operation or under construction, with another 1 GW in development. Go deeper
🚑 Elsevier, a subsidiary of British multinational information and analytics provider Relx, acquired Mytonomy, a Bethesda, Md.-based video-based patient engagement company that raised around $34m from Level Equity and others. Go deeper
⚡️ Epic Charging, an EV charging software company, completed its acquisition of Bluedot Technologies, a Palo Alto, Calif.-based EV fleet charging management and payment company backed by YC, Leap Forward, Samsara Ventures, Operator Stack and others. Go deeper
⚡️ G&W Electric, a Bolingbrook, Ill.-based electrical equipment provider, acquired Safegrid, a Finnish grid monitoring tech developer. Safegrid's investors include Energy Laboratory, Ajanta, Entrada Oy, KBI Klaus Berner Invest, Tesi, UST, Grid.vc and Aalto Start-Up Center, per Pitchbook. Go deeper
• MoonPay, a Miami-based crypto payments network, acquired DFlow, a Chicago-based crypto startup that raised $7.5m from Framework Ventures, Circle Ventures, Coinbase Ventures and others. Go deeper
• IT Assist, a Newtown, Pa.-based TeamLogic IT franchisee, was sold by Salt Creek Capital to TeamLogic, the franchisor. Salt Creek acquired IT Assist in 2020. teamlogicit.com
M&A
• AKCG – Public Relations Counselors, a Philadelphia-based communications firm, acquired Hennes Communications, a Cleveland-based crisis communications agency. Go deeper
⚡️ Colonial Oil Industries, a division of diversified energy and industrial company Colonial Group, acquired Atkinson Oil, a Sandersville, Ga.-based distributor of fuel and lubricants. Go deeper
• Infoblox, a Santa Clara, Calif-based cloud security company, completed its acquisition of Axur, a Miami-based network software management company whose investors included Igah Ventures, DGF Investimentos and Spectra Investments. Go deeper
Fundraising
• Twin Bridge Capital Partners raised more than $855m for its sixth lower middle market fund, Pacific Street Fund VI LP. Go deeper
It's Personnel
• Bill Koefoed joined Harness, an AI software delivery company, as CFO. He was most recently CFO of OneStream Software. Go deeper
• Carl Rivera, former chief design officer at Shopify, joined Nubank (NYSE: NU) as chief product officer. Go deeper
⚡️Gaby Poirier was named president of the global operating plants unit at Westinghouse Electric Company, the Cranberry Township, Pa.-based reactor developer. He joins the company from Alcoa. Go deeper
• Jessi Marshall is joining private equity firm Weatherford Capital as partner and COO. She was previously at Vista Equity Partners. Go deeper
• Jonathan Hamilton is joining SQ Capital as managing director of investment opportunities. He was previously with Blackstone. sqcapital.com
⚡️Ken Sanocki joined Wilson Sonsini Goodrich & Rosati as partner in the law firm's energy and climate solutions practice, focused on energy infrastructure financing. Sanocki was VP of legal at Sunrun. Go deeper
• Rob Albritton is joining Enlightenment Capital as managing director, focusing on AI. He joins from Tyto Athene. enlightenment-cap.com
💊 Theodora "Doretta" Mistras, former Viatris CFO, joined Edwards Lifesciences (NYSE: EW) as CFO. Go deeper
Odds & Ends
⚡️ American Electric Power, the Columbus, Ohio-based utility, threatened to remove itself from PJM Interconnection, the country's largest regional grid, citing connection delays for AI data centers. Go deeper
⚡️ The California Public Utilities Commission rejected Southern California Gas' proposal to collect $266m from customers to build a hydrogen pipeline network in Southern and Central California. Go deeper
🌎 Germany's government pressed ahead with €5b in subsidies to help heavy industry cut carbon emissions. Go deeper
