Illustration: Brendan Lynch/Axios
Venture Capital
• DayOne Data Centers may upsize its Series C to more than $4b and raise a $1b credit facility, per Bloomberg. The Singapore-based firm raised a $2b Series C led by Coatue Management in January. Go deeper
• Elliptic, a London-based blockchain analytics firm, raised $120m at a $670m valuation. One Peak Partners led, joined by Deutsche Bank, Nasdaq Ventures, British Business Bank, JPMorgan and AlbionVC. Go deeper
⚡️ Gridcare, a Redwood City, Calif.-based software developer for underused energy detection, raised a $64m Series A led by Sutter Hill Ventures. National Grid Partners, Future Energy Ventures, Emerson Collective, Stanford University, Xora, Aina Ventures, Overture, Acclimate Ventures, and Clearvision Ventures also participated. Go deeper
• Fasset, an LA-based stablecoin neobank, raised $51m in a Series B backed by SBI Group, Investcorp and Arz Portföy. Go deeper
🚑 BlueWind Medical, a Salt Lake City-based urinary incontinence technology company, closed a $47.8m debt and equity financing. Go deeper
• Crew Carbon, a Brooklyn-based wastewater carbon dioxide removal provider, raised $25m in equity and grant funding. Burnt Island Ventures led, joined by AP Ventures, Sony Innovation Fund, Builders Vision, Kibo Invest, Idemitsu Ventures, New York Ventures, Counteract, ANIMO Ventures, Connecticut Innovations, Ponderosa Ventures, and Echo River Capital. Go deeper
• Stitch, a Saudi OS for financial institutions, raised a $25m Series A. A16z led in its first GCC investment, joined by insiders Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. Go deeper
🚑 Tokaido Health, a San Mateo, Calif.-based medication benefits navigation startup, raised $25m from Norwest, Primary Venture Partners, Next Ventures, Constellation, and Scrub Capital. Go deeper
• Wirestock, a San Jose, Calif.-based multi-modal data provider to AI labs, raised a $23m Series A. Nava Ventures led, joined by SBVP, Formula VC, and I2BF Ventures. Go deeper
🚑 Butterfly Medical, a Boston-based non-surgical BPH treatment developer, raised a $21m Series C from the European Innovation Council, Junson Capital, MedVenture, and New Rhein Healthcare Investors. Go deeper
• Osero, a stablecoin yield infrastructure startup, raised $13.5m. Sky Ecosystem and Plasma led, joined by RedStone, The Rollup, and Kairos Research. Go deeper
🚑 Urologic Health, a Jersey City, N.J.-based urodynamics medical device company, raised an $11m seed from Edge Medical Ventures, SHD Partners, and Longevity Venture Partners. Go deeper
• Twin Prime, a frontier lab for national defense, raised $10m in pre-seed funding led by Expeditions. Go deeper
• Origin Lab, an SF-based video game data marketplace for AI world-model builders, raised $8m in seed funding. Lightspeed Ventures led, joined by SV Angel, Eniac, Seven Stars and FPV. Go deeper
• Ouinex, a Paris-based crypto asset exchange, raised $3.5m from traders on its platform. Go deeper
🚑 Saile, an NYC-based workforce platform for clinicians, raised a $2.2m pre-seed round led by Matchstick Ventures, with participation from Headwater Ventures. Go deeper
🚑 Chromie Health, an NYC-based scheduling and management platform for hospitals, raised $2m in pre-seed funding led by AIX Ventures. Go deeper
• Envoke, a U.K. startup providing virtual training and support software for laboratory equipment, raised £1.6m from NPIF, Finance Yorkshire's Seedcorn Fund and Foresight Group. Go deeper
Private Equity
• General Atlantic invested in PowerGEM, a Clifton Park, N.Y.-based grid reliability company backed by TA Associates.
- PowerGEM also acquired Telos Energy, a Saratoga Springs, N.Y.-based power system planning company. Go deeper
• Integrated Water Services, a portfolio company of Sciens Capital Management, acquired Complete Filtration Resources, a Marshfield, Wis.-based industrial wastewater services company. Go deeper
• NoblQ, a portfolio company of Yellow Stripes Capital, acquired a majority stake in QBrainX, a Troy, Mich.-based enterprise tech services firm. Go deeper
• Relevant Solutions, a Fusion Capital Partners portfolio company, acquired Automation Werx, an Idaho Falls-based systems integrator. Go deeper
• Sylmar Group, a portfolio company of Balance Point Capital, acquired Butler Water Corrections, a Hamilton, N.J.-based water treatment company. Go deeper
It's Personnel
• Bridget Meller joined Mosaic Capital Partners as VP of biz dev. She previously was with Capitala Group. Go deeper
• Gavin Christensen, founder and general partner at Kickstart, was appointed to the board of directors at NVCA. Go deeper
