Illustration: Eniola Odetunde/Axios
Venture Capital
• Atoms, an LA-based robotics company led by former Uber CEO Travis Kalanick, raised a $1.7b round led by Andreessen Horowitz. Bain Capital, Fifth Wall and Uber joined. Go deeper
• Arrakis, a London-based industrial agentic AI startup, raised a $30m Series A led by Blossom Capital and a $7.5m seed led by Accel. Go deeper
💊Transcripta Bio, a Palo Alto, Calif.-based AI-powered drug discovery company focused on neurological and neuromuscular diseases, raised $24m from Mayo Clinic, Omnimed, JAZZ Venture Partners and BlueYard Capital. Go deeper
• Passionfroot, an N.Y.-based creator-brand partnership and marketing platform, raised a $15m Series A. Insight Partners led, joined by Creandum, Supernode Global, and s16vc. Go deeper
• 1872, a Cincinnati-based AI-native manufacturing startup, raised a $15m seed round from private funds advised by The O.H.I.O. Fund. Go deeper
• Yope, a Middletown, Del.-based private social network, raised a $12.3m seed round led by Northzone. Go deeper
🌎 Circular Materials, an Italian cleantech company, raised €11.8m from CDP Venture Capital, the European Innovation Council Fund, EIT RawMaterials, 360 Capital, Corbites and Lumar S.r.l. Go deeper
• Digital Asset, developer of the Canton Network, raised an additional $10m from Shinhan Financial Group and SC Ventures. Go deeper
💊Cheiron, a Los Altos, Calif.-based drug development operating system and software, raised an $8m seed round led by Menlo Ventures. Go deeper
• Plantopia, an Israeli dairy protein developer, raised $9m. Schreiber Foods led, joined by Siddhi Capital. Go deeper
• Petra Labs, an NYC-based search optimization firm, raised a $5.2m seed round led by Work-Bench and joined by Afore and Pathlight. Go deeper
• StrongestLayer, an SF-based email security company, raised a $4.1m seed extension. Inovia Capital led, joined by Sorenson Capital, LaunchPod, Alumni Ventures. Go deeper
• pQCee, a Singapore-based quantum-safe cybersecurity company, raised $3.9m in seed funding. SGInnovate and Lotus One Investment co-led, and were joined by In Group Holdings, Wavemaker Ventures, SUTD Venture Holdings and Apsara Investments. Go deeper
• Ossprey, a London-based software supply chain security startup, raised $2.65m in pre-seed funding. Episode 1 Ventures led, joined by Osney Capital and Octopus Ventures. Go deeper
🚑 Bioscan Research, an Indian medical-device company, raised $1m in seed funding led by Unicorn India Ventures. Go deeper
Private Equity
• Butterfly Equity and Graham Partners invested in Custom Flavors, a San Clemente, Calif.-based flavor maker for bakery items, snack foods, supplements, drinks and dairy products. Go deeper
• Platinum Equity is nearing a deal to acquire a stake in Nestlé's European water business that would value the company at close to €5bn, per Financial Times. Go deeper
• Vybe Urgent Care, backed by NewSpring Capital, acquired Horsham and Hatfield, Penn.-based Liberty Urgent Care Centers. Go deeper
Liquidity
• Cinven agreed to acquire Boston-based Salsify, a Boston-based product management software developer backed by Crosswork, Ensemble VC, Permira, TPG, Warburg Pincus, StepStone Group, Underscore VC, and Venrock. Go deeper
🚑 Focus, a Chicago-based managed IT services company for health care, plans to acquire GuideIT, a Plano, Texas-based managed technology services company backed by Perot Investments. Go deeper
• Monomy is looking to sell Cast-Crete, a Seffner, Fla.-based concrete manufacturer, with comps suggesting a deal could value it at up to $850m, per PE Hub. Go deeper
• Tindall Corporation, a Spartanburg, S.C.-based precast concrete company, completed its acquisition of Atlanta Structural Concrete, previously backed by EnCon Euro Partners. Go deeper
M&A
• Garmin (NYSE: GRMN) acquired TrainingPeaks and TrainHeroic, two endurance and strength training platforms for athletes and coaches. Go deeper
• Origin Merchant Partners, a Canadian investment bank, plans to buy Consensus, a U.S.-based investment bank with a consumer focus. Go deeper
• Penske Corp. and Mitsui proposed a buyout of the Penske Automotive Group in a deal that could be worth $3.78b. Go deeper
• Public Storage (NYSE: PSA) completed its acquisition of rival National Storage Affiliates (NYSE: NSA) for $10.5b in stock. Go deeper
