Illustration: Aïda Amer/Axios
Venture Capital
• Radar, an NYC-based retail intelligence platform, raised a $170m Series B at a $1b valuation. Gideon Strategic Partners and Nimble Partners led, joined by Align Ventures. Go deeper
🚑 Vi, an NYC-based company developing AI agents for health care, raised $145m at a $1.64b valuation from General Atlantic, Revelstoke, 1902 Capital, Square Peg, Savano Capital, and Island Green. Go deeper
• SendCutSend, a Reno, N.V.-based custom sheet metal and parts business, raised $110m valuing it at $1b led by Sequoia, Paradigm and Stripe co-founders Patrick and John Collison. Go deeper
🚑 Commure, a Mountain View, Calif.-based health care workflow platform, raised $70m at a $7b post-money valuation. General Catalyst led, joined by Sequoia Capital, Morgan Stanley and Kirkland & Ellis. Go deeper
• Brami, a Carlsbad, Calif.-based protein pasta maker, raised a $33m Series B round led by VMG Partners. La Molisana, Pentland Ventures, Lerer Hippeau, and Gather Ventures joined. Go deeper
• Ocean, an NYC and Tel Aviv-based agentic email security startup, raised $28m. Lightspeed led, joined by Picture Capital and Cerca Partners. Go deeper
• Status AI, an SF-based gamified social media app, raised $17m in combined seed and Series A funding from Abstract Ventures, General Catalyst, USV, YC, and LightShed Partners. Go deeper
• Stilta, a Sweden-based research and analysis platform for IP cases, raised $10.5m in seed funding. A16z led, joined by YC. Go deeper
🚑 Century Health, an NYC-based real-world evidence data analysis company, raised a $5m seed round led by Origin Ventures. InnovateHealth Ventures, 25madison, and Next Play Ventures, 2048 Ventures and Alumni Ventures joined. Go deeper
• Rasa Legal, a Salt Lake City-based legal tech startup that helps people clear criminal records, raised a $1m investment from NextLadder Ventures. Go deeper
Private Equity
• Boyne Capital acquired Local Boy Outfitters, a Columbia, S.C.-based consumer apparel and lifestyle brand inspired by Southern outdoor culture. Go deeper
• KKR and Energy Capital Partners are considering increasing their offer for DCC, a Dublin-based energy provider. The company currently has a market cap of about $7b, per Bloomberg. Go deeper
• Learning Pool, a Marlin Equity Partners portfolio company, acquired Confirm HR, an SF-based performance management platform whose VC backers included Western Technology Investment and Spero Ventures. Go deeper
• Leonard Green & Partners completed its $3.1b take-private buyout of Mister Car Wash. Go deeper
• Novvia Group, a Kelso & Co. portfolio company, acquired APC Packaging, a Fort Lauderdale, Fla.-based provider of luxury beauty packaging. Go deeper
• True North, a Glen Mills, Penn.-based fleet operator backed by Garnett Station Partners, is acquiring Miles Truck Services, a Niles, Mich.-based trucking services company. Go deeper
Liquidity
• Doug Ostrover, cofounder of Blue Owl Capital, is selling his remaining stake in the NFL's Washington Commanders to current majority owner Josh Harris. Go deeper
⚡ PSP Investments is selling First Light USA, an energy portfolio of 1.4 GW of installed capacity in the Northeast, to Hull Street Energy. Go deeper
M&A
• ArcelorMittal, the largest European steelmaker, sold a partial stake in Vallourec, a French steel manufacturer, for $667m. Go deeper
• Cohere, expected to be valued around $20b, acquired Reliant AI, a biopharma AI company with operations in Montreal and Berlin. Inovia Capital and Tola Capital back Reliant. Go deeper
💊 InMed Pharmaceuticals (NASDAQ: INM), a Canadian small-molecule therapy biotech, agreed to a reverse merger with Mentari Therapeutics, a Waltham, Mass.-based biotech developing migraine therapies. The deal was backed by a $290m private placement led by Fairmount, and joined by Blackstone Multi-Asset Investing, Wellington Management, a16z Bio + Health and Perceptive Advisors. Go deeper
Fundraising
• David Group, a Herzliya, Israel-based private equity firm, launched with an undisclosed amount of capital raised. Led by general partner Stella Cohen, the firm will invest in mature Israeli businesses. Go deeper
• Stellus Capital Management raised $1.5b for its fourth midmarket direct lending fund. Go deeper
It's Personnel
• Aatish Nayak joined Kleiner Perkins as a partner. He was the first product manager and VP of product at legal-tech unicorn Harvey. Go deeper
• Joe Diamond was named CEO of NYC-based Axonius, a cyber asset management platform. Diamond has served as president since August 2025 and as interim CEO since February 2026. Go deeper
Odds and ends
💊 Hansa Biopharma, a Swedish biotech, struck a €115m licensing agreement with SERB Pharmaceuticals, a Belgian specialty pharmaceutical company. Go deeper
