Illustration: Aïda Amer/Axios. Stock: Getty Images
Venture Capital
• DriveNets, an Israeli networking startup, raised $410m round at a $8.5b valuation. Bessemer Venture Partners and Atreides Management led, joined by Pitango, D1 Capital Partners, AMD, and Red Dot Capital Partners. Go deeper
⚡️Spiro, a Dubai and Nairobi, Kenya-based electric mobility provider, raised $215m from investors like Impact Fund Denmark and Equitane. Go deeper
• Blulabs, a Miami-based global supply chain platform, raised $7m at a $160m pre-money valuation led by Lodestone Capital. Go deeper
• SpeedLabs, an NYC-based live sports prediction market, raised $6.5m in seed funding. Parlay Capital led, joined by Bullpen Capital, TA Ventures, and EdgeEquity. Go deeper
🌎 Borro, a Belgian digital deposit system for reusable cups, raised €1.3m from Seeder Fund, Imec.istart, Bluesnipe, PMV, and Butterfly & Elephant. Go deeper
Private Equity
• Decks & Docks, a CCMP Growth portfolio company, acquired J&W Lumber, a provider of outdoor building materials in Southern California. Go deeper
⚡️ Maxwell Power, a San Diego-based solar and storage financing firm, received a $750m commitment from Fairtide Partners. Go deeper
• Reichmann Segal Capital Partners acquired Green Circuits, a San Jose, Calif.-based electronics manufacturing services provider. Go deeper
• Shamrock Capital and EnOne Ventures made a growth investment that will merge card collectables media and retail companies CardsHQ and Sports Card Investor. Go deeper
• Thoma Bravo completed its $5b acquisition of Dallas-based logistics firm WWEX Group, the parent company of Worldwide Express, and merged it with existing portfolio company Auctane (fka Stamps.com). Prior WWEX backers rolling over some of their equity are: CVC Capital, Partners, Providence Equity Partners, PSG, and Ridgemont Equity Partners. Go deeper
M&A
• Velosio, an Atlanta-based cloud solutions partner, acquired Las Vegas-based Domain 6, a Microsoft consultancy company. Go deeper
Fundraising
• DCVC is raising up to $500m for its second energy and climate fund, per an SEC filing.
It's Personnel
• Mike Hoffmann joined Permira as a tech-focused partner in Menlo Park. He previously was with Thoma Bravo. Go deeper
⚡️Anthony Oni joined Georgia Power, the Atlanta-based power company, as VP of corporate affairs. He previously was a managing partner at Energy Impact Partners. Go deeper
Odds & ends
⚡️ Toyota canceled its planned Lexus LF-ZC electric sedan, citing shifting demand. Go deeper
