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Venture Capital
• Iceye, a Finnish satellite observation provider, raised €1b in Series F funding led by Scaleup Europe Fund. Go deeper
💊 Pathos AI, a Chicago-based AI drug developer, is raising up to $300m in Series E funding at an approximately $3b valuation, per Endpoints News. Go deeper
• P-1 AI, an SF-based developer of AI engineering software, raised $50m in Series A financing led by NEA. Go deeper
• Aurelius Systems, an SF-based developer of counter-drone tech, raised $40m in Series A fundiung. Draper Associates and KAS Venture Partners led, joined by General Catalyst, Hanwha Defense USA, Outlander, Alumni Ventures, Bravo Victor Venture Capital, Detroit Venture Partners, and Decisive Point. Go deeper
🌎 WindBorne Systems, a Palo Alto-based maker of smart weather balloons, raised $37m in Series B funding led by Khosla Ventures and Galvanize. Go deeper
• Sapiom, an SF-based startup that helps agents buy their own tech tools, raised $35m in Series A funding. Dragonfly led, joined by Accel, Gradient, Coinbase Ventures, Operator Collective, Formus Capital, and VanEck Ventures. Go deeper
• Maximum, a developer of core banking software, raised $30m in seed funding. CRV led, joined by Pear VC, Restive, Plug and Play Ventures, and Anthemis. Go deeper
• InRisk Labs, a risk and reinsurance platform, raised $27m in Series A funding led by Bessemer Venture Partners and Northpoint Capital. Go deeper
• Ordway, a Washington, DC-based monetization and billing platform, raised $20m in equity and debt funding. Harbert Growth Partners led the equity and Western Alliance Bank provided the debt. Go deeper
🚑 Assured, an NYC-based platform for health-care provider ops, raised $19m in Series A funding. Insight Partners led, joined by First Round Capital and Kindred Ventures. Go deeper
• Pinegap, an equity research platform, raised $8m in Series A funding. Stellaris Venture Partners led, joined by insiders Inventus, Silicon Valley Quad, and DeVC. Go deeper
• Avatar Robotics, a maker of industrial labor robots, raised $6.5m in seed funding. AlleyCorp led, joined by Defy VC, and Headline. Go deeper
• Proxy Foods AI, a food and beverage R&D platform, raised $6m in seed funding. Ted Leonsis led, joined by Robert Hisaoka and Swan & Legend Venture Partners. Go deeper
🚑 SkinBit, an LA-based maker of whole-body scanners for skin cancer, raised a $6m pre-seed from Boost VC, Cleo Capital, Manna Ventures and Profluent Capital. Go deeper
• Shelfmark, a Pittsburgh-based manufacturing monitoring startup, raised $3.5m in seed funding. Armory Square Ventures led, joined by Grand Ventures, Hyde Park Angels, Argon Ventures, and Cultivation Capital. Go deeper
• RevealDx, a Seattle-based startup focused on AI characterization of lung nodules, raised $3.4m from 4DMedical (ASX: 4DX). Go deeper
• Hulp, an Indian personal assistance and concierge platform, raised $2.6m in seed funding. Sparrow Capital and Bitkraft Ventures led, joined by DeVC. Go deeper
Private Equity
• Arcwood Environmental, a portfolio company of EQT and Ardian, acquired Environmental Management Services, a Rockland, Md.-based waste management company. Go deeper
• CVC Capital Partners and Veritas Capital each bid around £1.6b to buy British heat treatment firm Bodycote (LSE: BOY). Go deeper
• Gorgeous Collective, a portfolio company of MPK Equity Partners, acquired Clean Your Dirty Face, a Chicago-based skin care and spa franchise. Go deeper
• Mortgage Automator, a BVP Forge portfolio company, acquired Lendr, a Chicago-based provider of working-capital and invoice-factoring programs for small businesses. Go deeper
• Tortuga Growth Partners invested in Advanced eClinical Training, a Boston-based clinical certification and training company. Go deeper
Fundraising
• South Park Commons raised $575m for its fourth flagship VC fund. Go deeper
• White Star Capital, a London-based VC firm, raised $250m for its fourth flagship fund. Go deeper
