Photo illustration: Greg Ruben/Axios
Venture Capital
• Baseten, an SF-based inference computing company, is finalizing a $1.5b round that will give some investors a $11b valuation and others a $13b, per the WSJ. Go deeper
• Castelion, a San Mateo, Calif.-based hypersonic missile maker, is aiming to raise at a $12b or more valuation, per the Information. Go deeper
• American Perpetuals Exchange, a perpetual futures startup, raised $30m at a $300m valuation led by Lux Capital. Go deeper
• Architect Labs, a Palo Alto, Calif.-based designer of custom chips, raised $24m in seed funding. Kindred Ventures led, joined by TQ Ventures, Race Capital, and Together Fund. Go deeper
⚡️ Cuprum Metals, a copper extraction company, raised $19.4m in Series A funding. Lundin Family Office led, joined by Woodline Partners and BHP Ventures. Go deeper
🚑 Channel Robotics, a San Diego-based handheld endoscopic robotic platform, raised a $2.5m seed round led by True Ventures. Go deeper
Private Equity
• Brenton Point Capital Partners invested in Merit Restorations, a Purcellville, Va.-based general contractor. Go deeper
• CertifID, backed by Arthur Ventures and Centana Growth Partners, acquired CloseSimple, a communication and automation platform, from Straylight Capital. Go deeper
🚑 EBI, backed by Avista Healthcare Partners, acquired Xstim, a division of Precision Medical Products focused on bone growth stimulation solutions. Go deeper
• Forged Solutions, a J.F. Lehman & Co. portfolio company, acquired Custom Alloy, a High Bridge, N.J.-based forged components maker. Go deeper
• Infoshare, backed by Omni Partners, bought DEF Software, a U.K.-based government software developer. Go deeper
• Ridgeline Roofing & Restoration, backed by Bertram Capital, acquired Freedom Roofing & Construction, a Champaign, Ill.-based provider of roofing and exterior services. Go deeper
🚑 Singlepoint Healthcare, backed by DFW Capital Partners, acquired Healix, an infusion services provider, from TA Associates. Axios Flashback
🚑 Thoreau, Matt Holt's health investment fund, confirmed plans to acquire Ensemble, a Blue Ash, Ohio-based revenue cycle management company. Berkshire Partners, Warburg Pincus, and Bon Secours Mercy Health will continue as investors. Go deeper
Liquidity
🌎 Döhler, a German ingredients maker, acquired Nukoko, a British alt-chocolate developer backed by EIT Food, Innovate UK, Oyster Bay, The Mills Fabrica, IndieBio, SOSV, Kickstart Innovation, and Shakeup Factory. Go deeper
Fundraising
• Conifer closed its debut energy and critical materials fund at its $900m hard cap. Go deeper
It's Personnel
• Braemont Capital hired Daniel Grinnan as managing director and Will Olson as vice president of biz dev. Grinnan previously was with The Riverside Co., and Olson was with Braemont portfolio company Vixxo Facility Solutions. Go deeper
