Illustration: Natalie Peeples/Axios
Venture Capital
• Etched, a San Jose, Calif.-based developer of frontier inference clusters, came out of stealth with $800m raised over multiple rounds — including $500m late last year at a $5b post-money valuation. Backers include VentureTech Alliance, Peter Thiel, Jane Street, Two Sigma, Stripes, Andrej Karpathy, Geoffrey Hinton, and Fei-Fei Li. Go deeper
• Dominion Dynamics, a Canadian developer of an Arctic surveillance network and drone systems, raised a C$139m Series A. Georgian led, joined by Valor Equity Partners, Expeditions, Lakestar, OMERS, BDC, RBC, Deloitte Ventures, JDY Capital, and insiders BCI, Bessemer Venture Partners, Garage Capital, Golden Ventures, and Silent Ventures. Go deeper
💊 Beeline Medicines, a Boston-based precision immunology startup, raised $126m in Series A extension funding from insiders Bain Capital and CPPIB. Go deeper
• Premier Lacrosse League raised a $100m Series E led by Ares Management and Joe Tsai. Go deeper
• Higharc, a Durham, N.C.-based cloud platform for homebuilding, raised a $95m Series C. Insight Partners led, joined by Wellington Management, Fifth Wall, Spark Capital, Lux Capital, and SE Ventures. Go deeper
• Build, an SF-based infrastructure due diligence platform, raised $8.5m in seed funding. Index Ventures led, joined by Pebblebed, Puzzle Ventures and Tiny vc, Sarah Friar, and John Stecher. Go deeper
• Arcturus, an LA-based carbon materials company, raised an $8m seed round. Initialized Capital led, joined by 1517, Breakthrough Energy Discovery, Toyota Ventures, and Wireframe Ventures. Go deeper
• Hypefy AI, a Croatia-founded influencer marketing platform, raised $7.2m in Series A funding. AYMO Ventures led, joined by insiders Interactive Venture Partners, Oktogon Ventures, and Euroventures. Go deeper
• pH7 Technologies, a Canadian metals processing startup, was awarded $5m from Natural Resources Canada. Go deeper
• Digiclean, a Swedish industrial cleaning and maintenance optimization startup, raised €2.5m in seed funding led by Unconventional Ventures and Almi Invest GreenTech. Go deeper
Private Equity
• Acon Investments acquired YumEarth, a Stamford, Conn.-based maker of organic and allergen-free candies, from The Riverside Company. Go deeper
⚡ Enverus, a Blackstone portfolio company, acquired four exchange platforms from PDS Energy Information. Go deeper
• Greenwood Industries, a Dunes Point Capital portfolio company, acquired Diamond Roofing, a Syracuse, N.Y.-based roofer. Go deeper
🚑 Headlands Research, a THL portfolio company, acquired Clinical Trials Research, a Sacramento, Calif.- and London-based clinical research organization. Go deeper
• Partners Group invested $250m into Avenue Capital Group's commercial aviation leasing portfolio. Go deeper
• Pave America, backed by AEA Investors and British Columbia Investment Management Corp., acquired Bennett Paving, a Roebuck, S.C.-based commercial and residential paving company. Go deeper
• SummitIG, a SDC Capital Partners portfolio company, acquired Dark Fiber & Infrastructure, a dark fiber infrastructure provider in Virginia, from Blue Owl Capital. Go deeper
M&A
• Deutsche Bank sold its India retail, private banking, and wealth management unit to Kotak Mahindra Bank for around $30m. Go deeper
⚡ Houlihan Lokey agreed to acquire oil and gas-focused investment bank Intrepid Financial Partners. Go deeper
⚡ Oklo (NYSE: OKLO) acquired chemical engineering firm Creative Engineers. Go deeper
💊 SteriMax, a Canadian drugmaker, acquired Andone Pharmaceuticals, a Canadian pharmaceutical and medical device company. Go deeper
Fundraising
• Flexpoint Ford raised a $460m single-asset CV for SageSure, a managing general underwriter specializing in catastrophe-exposed markets. Go deeper
