Illustration: Eniola Odetunde/Axios
Venture Capital
• Cyera, a NYC-based data security company, raised a $300m round at a $12b valuation. Evolution Equity Partners led, joined by Georgian, Greenoaks, Lightspeed Venture Partners, Sequoia Capital, Sapphire Ventures, Redpoint Ventures, Cyberstarts, Coatue, Accel, and Spark Capital. Go deeper
💊 NewLimit, a longevity pharma startup co-founded by Coinbase CEO Brian Armstrong and former GV partner Blake Byers, raised $435m at a $3.1b post-money valuation. Founders Fund led, joined by Thrive Capital, Greenoaks, Quiet Capital, Kleiner Perkins and Eli Lilly Ventures. Go deeper
• Layup Parts, a Huntington Beach, Calif.-based composite parts company, raised $42m in Series A funding. Marlinspike led, joined by Cerberus Ventures, Pinegrove Venture Partners, Founders Fund and Lux Capital. Go deeper
• Centrical, a NYC-based performance management software developer, raised a $39m Series D. Leeds Illuminate and Kingfisher Investment led, joined by JVP. Go deeper
• Findigs, a NYC-based developer of residential lease underwriting, raised $32m in Series C funding. RPM Ventures led, joined by Nyca Partners, Frontier Venture Capital, and Western Technology Investment. Go deeper
💊Advanced NanoTherapies, a Santa Clara, Calif.-based developer of treatments for coronary and peripheral artery diseases, raised $31m in Series B funding. S3 Ventures and an undisclosed strategic led, joined by the T45 Fund. Go deeper
💊Tavo Biotherapeutics, a Laguna Beach, Calif.-based biotech targeting glaucoma and retinal diseases, raised $17m in Series A funding led by Pureos Bioventures, with participation from Polaris Partners and Tau Capital. Go deeper
• Plot, a NYC-based social video marketing platform, raised a $10m seed. XYZ Venture Capital and Mischief Ventures led, joined by Seven Seven Six and Acme Capital. Go deeper
• Alitheon, a Bellevue, Wash.-based optical AI developer, raised an $8m Series A1. Emerald Technology Ventures led, joined by eBay Ventures. Go deeper
• NP Co., a French AI simulation startup, raised €6m in seed funding. Partech led, joined by 1st Kind and the Peugeot family office. Go deeper
• StratusGrid, a Chattanooga, Tenn.-based cloud infrastructure optimization company, raised $3m in seed funding led by Dogwood Ventures, with participation from Market Square Ventures, LaunchTN, VentureSouth, and Service Provider Capital. Go deeper
Private Equity
• Hellman & Friedman agreed to acquire B2B events group Hyve from Searchlight Capital Partners and Providence Equity Partners for around $1.8b. Go deeper
• LaunchPad Home Group, backed by RFE Investment Partners, acquired Pro-Spect Inspection Services, a Dover, Del.-based home inspection service. Go deeper
• RTC Aerospace, backed by Stellex Capital Management, acquired Automatic Products Co., a Sumner, Wash.-based precision milling and turning components company. Go deeper
• Triton is in advanced talks to buy Flender, a German provider of industrial couplings, from Carlyle for around €3b, per Bloomberg. Go deeper
• Valiant Solutions, backed by Bluestone Investment Partners, acquired BreakPoint Labs, a Falls Church, Va.-based cybersecurity company. Go deeper
• Vobis Ventures acquired the advisory, consulting and transformation unit of Optiv, a KKR portfolio company. Go deeper
• VU Custom, a Greybull Stewardship portfolio company, acquired YR ID, an NYC-based product customization software company. Go deeper
Liquidity
⚡️Trillium Flow Technologies, a First Reserve portfolio company, sold its French valves operations to French nuclear energy firm Framatome. Go deeper
M&A
• Genco Shipping & Trading (NYSE: GNK), an NYC-based dry bulk shipping company, rejected a sweetened $1.08b takeover bid from competitor Diana Shipping (NYSE: DSX). Go deeper
Fundraising
• Massive Tech Ventures, an early-stage firm led by Eric Woersching, is raising up to $25m for its second fund, per an SEC filing.
• Trinity Hunt Partners, a Dallas-based PE firm, is raising up to $1b for its eighth fund, per an SEC filing.
It's Personnel
• Casey Berger joined Latham & Watkins as a Houston-based partner in its securities and M&A litigation practice. He previously was with Winston & Strawn. Go deeper
