Illustration: Aïda Amer/Axios
Venture Capital
• Volta Infra, a Singaporean AI cloud company, raised $300m at a $2.4b valuation and secured an additional $5b in financing. A16z and Altimeter Capital led, joined by Nvidia, Michael Dell, and Azora. Go deeper
• Decade, a Brazilian wealth advisory startup, raised $85m in seed funding from Greenoaks, Benchmark and Diffusion. Go deeper
• 10x Banking, a U.K. core banking platform, raised £40m from AshGrove Capital. Go deeper
🌎 Ambrook, a bookkeeping startup for agriculture, raised $30m in Series B funding. Lachy Groom led, joined by Thomson Reuters Ventures, Thrive Capital, Field Ventures, and Cameron Ventures. Go deeper
• RWX, a Columbus, Ohio-based software dev cloud platform, raised $12m in Series A funding. Hyde Park Venture Partners led, joined by Quiet Capital, The O.H.I.O. Fund, R1 Capital, and Deora Ventures. Go deeper
• Throne Science, an Austin, Texas-based maker of AI toilet sensors, raised $10m in Series A funding. Will Ventures led, joined by Emerson Collective, Workshop, LEAD VC, Salt VC, and Accomplice. Go deeper
🚑 Wellinks, a New Haven, Conn.-based cardiopulmonary care provider, raised $10m Series B funding from UMass Memorial Health and insiders. Go deeper
🌎 InsectBiotech, a Spanish startup using fly larvae to convert ag byproducts into protein, oil, and fertilizer, raised €7.2m from investors like Arcano Partners. Go deeper
• Vaaree, an Indian home decor and furnishings marketplace, raised $6.6m in Series A funding led by Hero Enterprise and Cap Alpha Ventures. Go deeper
• Superleap, an Indian enterprise CRM startup, raised $3.7m led by Peak XV. Go deeper
🚑 Claryx, an NYC-based hospital infection monitoring platform, raised $3.5m in pre-seed funding. Outlander led, joined by Company Ventures, Boost VC, Neon, Mana Ventures, 640 Oxford, and Precursor Ventures. Go deeper
⚡️ LoopX, a Canadian developer of mining intelligence software, raised C$4.1m in seed funding led by BDC Seed Venture Fund and Orion Industrial Ventures. Go deeper
• Rivo, an SF-based fintech building autonomous cash management on top of existing bank accounts, raised $2.7m in seed funding from South Park Commons, Wisdom Ventures, Script Capital, 645 Ventures, and 20VC. rivofi.com
🌎 SCO2, a Little Canada, Minn.-based startup capturing carbon emissions from food waste, says it raised $2.7m in seed funding from undisclosed investors. Go deeper
• Aavalynx, a London-based dispute resolution legal platform, raised a £1.5m pre-seed. European Omega Ventures led, joined by Two Ravens and angel investors. Go deeper
Private Equity
• Advent International and HarbourVest agreed to acquire FNZ Bank, a German wealth manager with €155b in assets under custody. Go deeper
💊 AsymBio, a Shanghai-based biologics CDMO, raised $184m from parent company Asymchem Group, Hillhouse Qirui and other investors. Go deeper
• BlueAlly, backed by Source Capital, acquired GigaNetworks, a Miami-based provider of enterprise IT and network security solutions. Go deeper
• Convey, backed by EIP and OceanSound, acquired Selectron, a provider of government and utility software. Go deeper
• Francisco Partners acquired a 55% stake in Command Alkon, a Hilliard, Ohio-based construction software maker, from Thoma Bravo. Germany's Heidelberg Materials retains a minority stake. Go deeper
💊 Sheridan Capital Partners invested in Carolina Components Group, a Durham, N.C.-based provider of bioprocessing assemblies and components for drugmakers. Go deeper
• Trimlite, a Wynnchurch Capital portfolio company, acquired Barnett Millworks, a Theodore, Ala.-based distributor of residential door products. Go deeper
• Vector Building Products, a Centre Lane Partners portfolio company, acquired Prestige Distribution, a Northbrook, Ill.-based building products distributor. Go deeper
• Veritas Capital agreed to acquire Steampunk, a McLean, Va.-based provider of federal contracting software that will be merged with existing Veritas portfolio company MetroStar Systems. Go deeper
• Waterland invested in Danish industrial services group Norisol. Go deeper
Liquidity
⚡️ Schneider Electric (Paris: SU) agreed to acquire AIdash, a Palo Alto, Calif.-based utility asset monitoring provider, for $350m in cash. AIdash had raised $91.5m from Duke Investments, G2 Venture Partners, Lightrock, Lightsmith Group, Marubeni, National Grid Partners, and Shell Ventures. Go deeper
• Walmart (Nasdaq: WMT) completed its acquisition of Vibe.co, a streaming ad platform that had raised nearly $80m from firms like Hedosophia, Revolut, Elaia and Singular. Go deeper
M&A
• Abercrombie & Fitch (NYSE: ANF) is weighing options for its China business, including a possible stake sale, per Bloomberg. Go deeper
It's Personnel
• Alexander Addario left SVB, where he was a senior managing director focused on fintech. Go deeper
• Paceline Equity Partners promoted Jonathan Rosen to partner. Go deeper
Odds & Ends
🌎 80 Acres Farms, a Hamilton, Ohio-based indoor farmer, is shutting down, per AgFunder News. It had raised nearly $400m from firms like Siemens Financial, Barclays Climate Ventures, Blue Earth Capital, BeyondNetZero, General Atlantic, and S2G Investments. Go deeper
