Illustration: Maura Losch/Axios
Venture Capital
• Corgi, an SF-based insurance platform for startups, raised a $160m Series B at a $1.3b valuation. TCV led, joined by Oliver Jung, Leblon Capital, Kindred Ventures, Repeat VC, Zone 2 Ventures, Audeo Ventures, Quadri Ventures, First Order Fund, Vocal Ventures, Maiora Ventures, Nordstar, Seven Stars Ventures, Hexa Capital, Alpha Square Group, GSBackers, OurCrowd, Alumni Ventures, and Global Growth Fund. Go deeper
• Tessera Labs, a San Jose, Calif.-based ERP systems and data platform, raised $60m led by Andreessen Horowitz. Foundation Capital, Myriad Venture Partners and Osage University Partners joined. Go deeper
💊 Kanvas Biosciences, a Princeton, N.J.-based precision microbiome therapeutics company, raised a $48m Series A co-led by DCVC and Lions Capital. Gates Foundation, ATHOS KG, Germin8, Ki Tua Fund and Pangaea Ventures joined. Go deeper
💊 LTZ Therapeutics, a Redwood City, Calif.-based clinical-stage immunotherapy biotech, raised $38m led by GL Ventures. Go deeper
• Vori, an SF-based operating system for grocery stores, raised a $22m Series B led by Cherryrock Capital. Greylock Partners and The Factory joined. Go deeper
• Scout Space, a Reston, Va.-based space domain awareness sensor and software company, raised an $18m Series A led by Washington Harbour Partners. Go deeper
• OpenTrade, a stablecoin yield infrastructure platform, raised $17m. Mercury Fund and Notion Capital led, joined by a16z Crypto, AlbionVC and CMCC Global. Go deeper
• SageOx, a Seattle-based AI native infrastructure company, raised a $15m seed led by Canaan Partners. A.Capital, Pioneer Square Labs and Founders' Co-op joined. Go deeper
• District, an LA-based AI commerce platform, raised a $14.7m seed led by Andreessen Horowitz and Kindred Ventures, with participation from Greylock Partners. Go deeper
• Mosh, an LA-based nutrition brand cofounded by Maria Shriver and Patrick Schwarzenegger, raised a $13m Series A led by Main Street Advisors. Great Circle Ventures, Rogers Healy and Morrison Seger, PCG, and Tonic Ventures joined. Go deeper
💊 Signadori Bio, a French preclinical-stage immunotherapy company, raised an €11.1m seed from Taiho Ventures and existing investors Sofinnova Partners and Invivo Partners. Go deeper
• Modicus Prime, an Austin, Texas-based AI compliance platform, raised $8m. Frist Cressey Ventures led, joined by Silverton Partners and Oncology Ventures. Go deeper
🚑 Rosarium Health, a Denver-based startup helping enable aging at home, raised a $6m seed. Kalos Ventures led, joined by ResilienceVC and existing investors Rock Health Capital, Symphonic Capital, American Family Insurance Institute for Corporate and Social Impact, Black Tech Nations Ventures, and The Council. Go deeper
• InstaSwitch, an NYC-based bank account activation infrastructure startup, raised a $4.7m seed led by Chicago Ventures. Go deeper
• Boost Security, a Montreal-based software development firm, raised $4m from White Star Capital, Amiral Ventures, Accelia Capital, and Sorensen Capital. Go deeper
- The company also acquired code-analyzing platform SecureIQx and security vulnerabilities startup Korbit.ai.
• Astrada, an SF-based data layer for autonomous finance, raised a $3.8m seed from Bain Capital Ventures, QED Investors, Nyca Partners, Mastercard and Visa. Go deeper
Private Equity
• Colorado Premium, a portfolio company of Kainos Capital, acquired Old Hickory Smokehouse, a Lewisburg, Tenn.-based smoked meat maker. Go deeper
🚑 Med Tech Solutions, a portfolio company of Silversmith Capital Partners, acquired Avarion, a Dunmore, Penn.-based advisory firm for hospitals, health systems and care networks. Go deeper
M&A
• Aprio, an Atlanta-based business advisory and accounting firm, will buy Price Kong, a Phoenix-based advisory and accounting firm with cannabis experience. aprio.com
• Bel Group, the French maker of Babybel cheese, acquired Ingenuity Foods, a Burlingame, California-based maker of better-for-you kids' food. Go deeper
• Shippeo, a Paris and Chicago-based transportation and logistics company, acquired Logward, a German AI-driven supply chain startup. Go deeper
Liquidity
• Aircall, an SF-based provider of cloud phone systems, acquired Vogent, an AI voice agent company backed by XG Ventures, Global Founders Capital and Soma Capital. Go deeper
• Optro, a Los Angeles-based risk and compliance platform, acquired Midship, an SF-based compliance automation startup backed by YC, Costanova Ventures and Seguin Ventures. Go deeper
Fundraising
• Corbin Capital Partners closed its Corbin Litigation Finance Fund I at $342m. Go deeper
• Global Millennial Capital raised $100m for its first IPO Opportunities Fund. Go deeper
It's Personnel
🌎 Angela Brown was promoted to CEO at climate and nature analytics firm Risilience. Go deeper
• Heath Tilley was named CEO of Eppinger Technologies, a portfolio company of ZCG Private Equity. Go deeper
🚑 Jeff Schlossnagle was promoted to CEO from president of pharmacy automation and CCO of Capsa Healthcare. Go deeper
💊 Timothy P. Walbert, managing partner of HRZN Partners and a senior advisor to Amgen, joined Patient Square Capital as a senior advisor. Go deeper
• Umesh Subramanian, Citadel chief technology officer, will join Motive Partners as a partner, effective July 1. Go deeper
