Illustration: Shoshana Gordon/Axios
Venture Capital
• Moonshot, the Chinese AI company behind Kimi K3, is in talks to raise at a valuation of at least $50b, per Bloomberg. Go deeper
• Meshy, a Sunnyvale, Calif.-based company building foundation models for 3D generation, raised about $400m in a Series B round at a $1.5b valuation, from undisclosed investors. Go deeper
• Augustus, an NYC-based banking startup, raised $180m in Series B funding at a $1b valuation. Tiger Global led, joined by Hummingbird, QED, and Brevan Howard. Go deeper
• Humanoid, a London-based humanoid robotics company, raised $152m in Series A funding at a nearly $1.4b valuation. Prime Movers Lab led, joined by Schaeffler, Bosch, Fubon Financial Holding Venture Capital, and Aglaé Ventures. Go deeper
• Cashea, a Venezuelan banking and payments fintech, raised $100m in equity and debt. Spice Expeditions led the $40m Series A, which included $20m in debt from Architect Capital, and FinSight Ventures led the $60m Series B. Go deeper
• Gritt, an SF-based machine construction robotics company, raised $32.4m in Series A and pre-seed funding. Obvious Ventures led the A, joined by Union Square Ventures, Active Impact Investments, investors First Round Capital, Climactic, Congruent Ventures, and VSC Ventures. Go deeper
🚑 TYBR Health, a Houston-based surgical technology company, raised a $30m Series A round led by Vensana Capital and Mutual Capital Partners, and joined by Neovate Capital Partners. Go deeper
• Eurodia Industrie, a French liquid extraction and purification company, raised €18m from Starquest Capital and Yotta Capital Partners. Go deeper
• Cordant, an NYC-based fintech and banking platform, raised $8m in seed funding co-led by Motive Partners and Oak HC/FT. Go deeper
• Mach42, a U.K.-based analog circuit simulation startup, raised a £7m round. IP Group led, joined by BGF and Foresight Group. Go deeper
• Vikk AI, a Long Beach, Calif.-based legal discovery platform, raised $4.2m from MagnaSci Ventures and individual investors. Go deeper
Private Equity
• ITE Management acquired North American Chassis Pool Cooperative, a Nashville, Tenn.-based intermodal chassis supplier for the U.S. container freight network. Go deeper
🚑 Knox Lane completed its $473m acquisition of Cross Country Healthcare, a Boca Raton, Fla.-based health care workforce solutions company. Go deeper
• Leap Partners, backed by Concentric Equity, acquired Central Heat & Air, a Cleveland, Tenn.-based HVAC provider. Go deeper
• Mavis Tire Express Services, backed by BayPine and TSG Consumer Partners, is acquiring auto-service chain Pep Boys for roughly $700m from Carl Icahn's Icahn Enterprises. Go deeper
🚑 Mindoula, backed by Equality Asset Management, acquired Janus Healthcare Partners, a Duxbury, Mass.-based psychiatric care provider, and Valera Health, an NYC-based virtual mental health company. Go deeper
• Searchlight Capital Partners and Abry Partners completed their acquisition of Kore (NYSE: KORE), an Atlanta-based IoT company, for $726m. Go deeper
• Stone Point Capital completed its investment in Amber River, a U.K.-based financial planning business. Go deeper
Liquidity
• BasicBlock, a Lincoln, Neb.-based truck cargo payments platform, acquired TrueNorth Technologies, an SF-based fleet logistics company that raised nearly $73m from 137 Ventures, Fifth Down Capital, and Flexport. Go deeper
• Iberdrola (Madrid: IBE) agreed to acquire a majority stake in Finnish electricity distributor Caruna Group for $2.29b, from an entity controlled by Ontario Teachers' Pension Plan and funds managed by KKR. Go deeper
🚑 Wildflower Health, an SF-based women's digital health company, acquired Every Mother, an NYC-based digital pelvic floor health platform that raised $1.85m from Courtside Ventures. Go deeper
M&A
• Altana Technologies, an NYC-based logistics network platform last valued at around $1b by VCs, acquired Cervo AI, an NYC-based customs entry agentic company. Go deeper
• Cabana, a San Diego, Calif.-based pool service company backed by Atlantis Ventures, Interlock Capital, Contrarian Thinking Capital and Asymmetric Capital Partners, acquired H&H Pool Services, an SF-based residential pool service and repair company. Go deeper
• GrubMarket, an SF-based food e-commerce company valued by VCs at $4.5b, acquired SPUD, a Canadian online grocery service. Go deeper
• Right Traffic, a Canadian traffic control technology company, acquired Expert Traffic Control, a Tualatin, Ore.-based traffic management company. Go deeper
Fundraising
• Avenue Growth Partners closed its second fund at $155m. Go deeper
• Clipway closed its debut secondaries fund at $6.4b. Go deeper
• TruArc Partners closed TruArc Partners Fund V with $1.2b. truarcpartners.com
It's Personnel
• Connor Love joined the American Dynamism team at a16z as a general partner. He was previously a partner at Lightspeed Venture Partners. axios.link/4gKOAyc
• Herb Yeh was named CFO and chief strategy officer at Ottawa, Ontario-based supply chain management software firm Kinaxis (TSE: KXS). He was previously a senior managing director at Evercore. Go deeper
