Illustration: Sarah Grillo/Axios
Venture Capital
• Supabase, an SF-based Postgres database management system, raised $500m in Series F funding at a $10.5 billion post-money valuation. GIC led, joined by insiders Accel, YC, Craft Ventures, Felicis, Peak XV Partners, and Coatue. Go deeper
• Generalist AI, a San Mateo, Calif.-based robotics startup, raised $400m at a $2b post-money valuation. Radical Ventures led, joined by 8VC, Union Square Ventures, Hanabi Capital, Nvidia, and Bezos Expeditions. Go deeper
💊 CereVasc, a Charlestown, Mass.-based maker of medical devices for neurological diseases, raised an $85m Series C. Piper Sandler Merchant Banking led, joined by JJDC, Medtronic, Bain Capital Life Sciences, and Perceptive Xontogeny Venture Funds. Go deeper
• Opal Security, an SF-based identity security and access management company, raised $23m. Greylock and Battery Ventures led, joined by Cambium Capital. Go deeper
• Red Metals, a Charleston, S.C.-based maker of copper from waste, raised $10m in seed funding. Gigascale Capital led, joined by Future Ventures, MCJ, and JB Straubel. Go deeper
🚑 Scispot, a Canadian startup helping life sciences labs automate functions, raised an US$8m Series A led by Avenue Growth Partners. Go deeper
• Willow, an Israeli agentic security platform, raised a $7m seed led Hetz Ventures. Go deeper
• Kalogon, a Melbourne, Fla.-based smart seat maker, raised $5.75m. Enable Ventures led, joined by Florida Opportunity Fund, Castellan Group, DeepWork Capital, Sawmill Angels, and Black Opal. Go deeper
Private Equity
• Air Transport Components, backed by AE Industrial Partners, acquired Aero Controls, a provider of aerospace component MRO services. Go deeper
• Guardian Infrastructure Services, backed by Energy Impact Partners, acquired E2 Consulting Engineers, a provider of engineering and technical consulting to electric and gas utilities. Go deeper
• White Wolf Hybrid Capital invested in AccuCast, a supplier of waterworks infrastructure products, in partnership with Investly Capital. Go deeper
M&A
🚑 Clarify Health, an SF-based tech-enabled services company, acquired health care patient activation platform Loyal Health Holdings. Go deeper
• Mercuria Energy Group, a Switzerland-based commodity trading company, has agreed to acquire an Argentinian refinery and network of gas stations from Raizen, a Brazilian energy company, for $1.42b. Go deeper
• Pathstone, a Pennsylvania-based wealth management firm, combined with Mill Creek Capital Advisors, an RIA that advises on roughly $12b in assets. Go deeper
• York Space Systems (NYSE: YSS) acquired space solar technology company Solestial Go deeper
Liquidity
• Airwallex, an Australia-founded payments firm, acquired financial data automation platform Leapfin, which had raised over $20m from firms like Crosslink Capital, Artisan Venture Capital, Uncorrelated Ventures, Work-Bench, and Counterpart Ventures. Go deeper
🚑 Dexcom (Nasdaq: DXCM) agreed to acquire Nutrisense, a health and nutrition tracking company that raised about $31m from 1315 Capital, Techstars and Tribe Capital. Go deeper
It's Personnel
• Bodo Krug von Nidda, former managing director in the real estate group at PJT Park Hill, joined Houlihan Lokey (NYSE:HLI) as managing director in its capital solutions group. Go deeper
