Illustration: Sarah Grillo/Axios
Venture Capital
• Acrab, a Singapore-based developer of agentic AI compute infrastructure, raised $130m in Series B funding from insiders Vertex Ventures SEA & India and Vertex Growth. Go deeper
• Omilia, a Greek agentic CX company, raised $67m in Series B funding led by Expedition Growth Capital. Go deeper
💊 Vedanta Biosciences, a Cambridge, Mass.-based developer of oral therapies for gastrointestinal diseases, raised $40m led by AMR Action Fund and BNP Paribas Asset Management Alts. It also secured $20m under its contract with BARDA. Go deeper
• Multiplier, a Singaporean professional services platform, raised $35m in Series B funding. The General Partnership led, joined by Ribbit Capital and Lightspeed. Go deeper
• Naïve, an infrastructure provider for agentic business operations, raised $28.5m in Series A funding. Nexus Venture Partners led, joined by YC, Zetta and Liquid 2. Go deeper
⚡️Chargepoly, a French company focused on electrifying heavy-duty and commercial vehicle fleets, raised €23m. Meridiam led, joined by Fideve Groupe. Go deeper
• HomeRun, an Indian quick-commerce platform for construction and interior materials, raised $12m in Series A+ funding. Nexus Venture Partners led, joined by Sorin Investments, Titan Capital, Sparrow Capital, and Consumer Collective by Atrium. Go deeper
⚡️Naked Energy, a U.K.-based solar thermal developer for businesses, raised €10.4m. Great British Energy led, joined by Barclays Climate Ventures. Go deeper
🌎 Plantible Foods, a San Marcos, Calif.-based plant protein producer, raised $10m from RA Capital and insiders. It also closed a $25m loan from X-Caliber Rural Capital. Go deeper
• Malachyte, an NYC-based ecommerce analytics company, raised $10m in seed funding. Bessemer Venture Partners and Gradient Ventures led, joined by Harpoon Ventures. Go deeper
• SiteVue AI, a Nashville-based manufacturing video analytics company, raised $7.5m. Penny Jar Capital and Overture led, joined by Silence, Spring Bank, Mana Ventures, Outset Capital, WaterStone, and Untapped Ventures. Go deeper
• Inevitable AI Group, an Israeli startup studio for AI-native software, raised $6m in pre-seed funding led by Aleph. Go deeper
⚡️Perceptual Robotics, a U.K.-based developer of wind turbine inspection and maintenance solutions, raised over £4m from Investing for Purpose, Loggerhead Ventures, and One Planet Capital. Go deeper
🚑 Meduloc, a West Chester, Pa.-based orthopedic medical device company, raised $4m in Series B funding. GenHenn Capital led, joined by Life Sciences Greenhouse Investments, Ben Franklin Technology Partners of Southeastern Pennsylvania, and Broad Street Angels. Go deeper
Private Equity
• AIR Control Concept, backed by Blackstone, acquired Vertical Systems, a Santa Fe Springs, Calif.-based HVAC company. Go deeper
• BNP Group, backed by Godspeed Capital, acquired U.S. Cost, an Alpharetta, Ga.-based cost management and project controls firm for the construction industry.
🚑 ClaimsBridge, backed by Eir Partners, acquired DialysisPPO, a Malvern, Pa.-based cost containment company for end-stage renal disease and chronic dialysis treatment. Go deeper
• Eckoh, backed by Bridgepoint, acquired Quality Xperience, a U.K. provider of conversational AI solutions. Go deeper
⚡️NavVis, a German digital twin platform for construction and industrial customers, raised $85m led by The Jordan Company. Yttrium, Kozo Keikaku Engineering, and Cipio Partners also joined. Go deeper
• Pregis, backed by Warburg Pincus, acquired MP Global Packaging, a Norfolk, Neb.-based cold chain and thermal packaging business. Go deeper
• Verdane invested in Factbird, a Danish IoT manufacturing software developer. Existing backers Expedition Growth Capital and EIFO also reinvested. Go deeper
Liquidity
• NetApp (Nasdaq: NTAP) acquired JetStream Software, a San Jose, Calif.-based cyber resilience technology company that had raised around $13m from firms like Digital Alpha Advisors and Illuminate Ventures. Go deeper
• Spencer Spirit Holdings, parent company of Spencer's Gifts and Spirit Halloween, agreed to acquire retailer Hot Topic from Sycamore Partners for a reported $350m. Go deeper
It's Personnel
• GreyLion promoted Drew Darling and Sean Gormley to principals, Jack McMillin to senior associate, and Matt Kawko to controller. Go deeper
