Illustration: Eniola Odetunde/Axios
Venture Capital
• Venice AI, a privacy-focused AI platform, raised $65m in Series A funding at a $1b valuation. Dragonfly led, joined by Coinbase Ventures and North Island Ventures. Go deeper
• CarbonSix, an SF-based manufacturing technology company, raised $40m in Series A funding. DSC Investment and LB Investment co-led, joined by IMM Investment, Korea Development Bank, SV Investment, Cortentia, ASQ, Foothill Ventures, Storm Ventures, Zeitgeist Capital, Xquared and CarbonBlack Fund. Go deeper
• Wultra, a Czech digital identity software company for banks and fintechs, raised €6.8m in Series A funding led by Seventure Partners and joined by J&T Ventures and Elevator Ventures. Go deeper
• Materna Medical, a Mountain View, Calif.-based OBGYN platform company, raised a $5m B3 round from InnovaHealth Partners, Wavemaker360 Health, and Band of Angels. Go deeper
Private Equity
• Automotive Color & Supply, a portfolio company of WILsquare Capital, acquired Ohio Paint Supply, a Greenfield, Ohio-based automotive and industrial paint products company. Go deeper
• Experity, a GTCR-backed on-demand health care tech company acquired Exdion Healthcare, an AI-driven revenue cycle management company. Go deeper
• Harvest Partners acquired Integra, a Mentor, Ohio-based provider of commercial HVAC testing, adjusting and balancing services, from Keystone Capital. Go deeper
• Solina, a portfolio company of Astorg, acquired Epicurean Butter, a Denver, Colo.-based manufacturer of flavored compound butters, from HC Private Investments. Go deeper
• Sunrise Produce, an Investcorp portfolio company, acquired Anaheim, Calif.-based Family Tree Produce. Go deeper
• Truelink Capital acquired Horwitz, a Minneapolis-based provider of MEP services for commercial and industrial facilities. Go deeper
• Vendavo, a pricing and rebate software company backed by Francisco Partners and Accel-KKR, is acquiring the high-tech business unit of Model N, a Vista Equity Partners portfolio company. Go deeper
• Volpi Capital acquired a majority stake in KGS Software, a German provider of archiving software. Go deeper
Public Listings
• Plaid, an SF-based financial data connectivity company, is in talks for a potential U.S. IPO, per Bloomberg. Go deeper
• Three Lions Acquisition, a SPAC formed by Three Lions Capital Management, filed for a $100m IPO. Go deeper
Liquidity
• Ipsen (Paris: IPN) agreed to buy Memo Therapeutics, a Swiss biotech focused on BK polyomavirus, for €200m upfront and up to €500m in earnouts. Memo had raised over $90m, from firms like Pureos Bioventures, Fresenius Medical Care Ventures, GF Group Holding, Redalpine, Ysios Capital, Kurma Partners, Vesalius Biocapital Partners, Verve Ventures, Swisscanto Holding, Schroders Capital, Kinled Holding and Adjuvant Capital. Go deeper
• Monomoy Capital Partners completed its acquisition of auto services chain Jiffy Lube from Shell (LSE: SHEL) for $1.3b. Go deeper
• Nexar, an NYC-based physical AI intelligence company, is merging with Nauto, a Sunnyvale, Calif.-based vehicle safety software company. Nexar raised nearly $150m from LionTree, Alibaba Capital Partners, Google Accelerator, and Valor Equity Partners. Nauto raised around $211m from AC Ventures, Stellantis Ventures, SoftBank, Greylock, BMW i Ventures, Toyota Ventures, and GM Ventures. Go deeper
• Qualcomm (Nasdaq: QCOM) acquired Israeli connected devices cybersecurity company SAM Seamless Network. SAM had raised approximately $37m from Blumberg Capital, NightDragon, Ericsson, Telefónica, Intel Capital, Kickstart Ventures, Blackberry, Verizon Ventures, ADY, Mindset Ventures, and SparksLab Group. Go deeper
It's Personnel
• Venessa Generelli joined Blue Wolf Capital as CFO. She previously was with a family office. Go deeper
