Illustration: Annelise Capossela/Axios
Venture Capital
• InKind, an Austin, Texas-based restaurant commerce enablement platform, raised $414m. Citi and Cross River led, joined by Sagard, Varadero Capital, and Trinity Capital. Go deeper
• Point2 Technology, a San Jose, Calif.-based maker of data center interconnect solutions, raised $60m in a Series B extension led by LB Investment and joined by Arm and Maverick Silicon. Go deeper
• Corma, a frontier AI lab for defensive cybersecurity, raised $60m in seed funding. Sequoia Capital led, joined by Khosla Ventures and Coatue. Go deeper
• Gravity, an agent-to-agent ads product, raised $30.5m in Series A funding. Lightspeed and Committed Capital led, joined by Basis Set, Caffeinated Capital, GGF, Haystack, and Logos Fund. Go deeper
💊 Bios Life, a virtual cancer surveillance startup, raised a $25m seed round from Redmile, Vsquared Ventures, and Kindred Capital. Go deeper
💊 Remedium Bio, a Boston-based protein therapeutics biotech, held a first close on a planned $10m Series A round. Lifespan Vision Ventures led, joined by Eli Lilly and HKX Capital. Go deeper
• Discovered Materials, an SF-based startup helping discover new materials for semiconductor chips, raised a $9m seed round led by Lightspeed India Partners and joined by YC and Peak XV Partners. Go deeper
🌎 BioScout, an Australian developer of sensors that alert farmers to fungal pathogens, raised A$6.75m in seed funding. Demea Sustainable Investment and Astanor led, joined by GrainInnovate, GrainCorp Ventures, Hort Innovation Venture Fund, Artesian, and Division Q. Go deeper
• WashWise, an NYC-based clothing care startup, raised a $1.2m pre-seed round from FJ Labs and Singh Capital. Go deeper
• Echovane, an SF-based market research platform, raised a $1m pre-seed round led by Titan Capital and Neon Fund. Go deeper
Private Equity
• Amberjack Capital Partners completed its acquisition of PMV Automation, a Houston-based water management parts maker, from Flowserve (NYSE: FLS). Go deeper
• Bernhard Capital Partners agreed to acquire Bowman Consulting Group (Nasdaq: BWMN), a Reston, Va.-based engineering services and program management firm, for around $1b, or $43 per share. Go deeper
• New Mountain Capital agreed to acquire Jensen Hughes, a Columbia, Md.-based fire protection engineering and nuclear risk engineering firm, from Gryphon Investors. Go deeper
• OpenGate Capital agreed to acquire Maersk Training, a provider of safety training and gas safety services, from A.P. Møller - Maersk. Go deeper
• Second Nature Brands, backed by CapVest Partners, completed its purchase of Oregon-based jerky brand Tillamook Country Smoker from Insignia Capital Group. Go deeper
• Velocity FBO Network, backed by Tallvine Partners, acquired SkyPlace FBO, a San Antonio provider of fixed-base operator services for aviation. Go deeper
M&A
⚡️ BP (LSE B) agreed to sell a 20% stake in the Venezuelan part of the Cucina-Manakin natural gas field to National Gas Company, a state-owned entity in Trinidad and Tobago, per Reuters. Go deeper
🚑 Teledyne Technologies (NYSE: TDY) agreed to acquire Varex Imaging (Nasdaq: VREX), a Salt Lake City-based X-ray imaging component maker, for $1.1b. Go deeper
🚑 Skylight Health, a Nashville-based multi-specialty care coordination platform, acquired Saffron Health, a YC-backed referral automation company. Go deeper
Public Offerings
• Eaglesky Acquisition, a mid-market SPAC led by Mia Jiang (ex-CFO of Aurelion), filed for a $100m IPO. Go deeper
• Inflection Point Acquisition VIII, a SPAC led by Michael Blitzer (Kingstown Capital Management), filed for a $250m IPO. Go deeper
Liquidity
💊Jazz Pharmaceuticals (Nasdaq: JAZZ) agreed to acquire Actio Biosciences, a San Diego-based neurological biotech, for $820m upfront (plus up to $500m in earnouts). Actio had raised $121m from Regeneron Ventures, Deerfield, Canaan Partners, Droia Ventures, and Euclidean Capital. Go deeper
It's Personnel
• Adam Kweskin is joining Morgan Stanley's global industrials investment banking group, per Reuters. He was most recently a managing director in BofA's industrials investment banking business. Go deeper
• Nik Johnston is joining Morgan Stanley as its new global head of consumer retail M&A, per Due Diligence. Johnston was previously with JPMorgan. Go deeper
• Nikhil Goel, formerly at UBS Group, will join Wells Fargo as managing director of health care M&A. Go deeper
Odds & Ends
⚡️BlocPower, a Brooklyn-based startup that retrofits buildings to cut energy consumption, is negotiating an asset sale and considering restructuring to repay debt, per Latitude Media. Go deeper
🌎 ClimateAi, an SF-based developer of climate-resilience software for the food and ag sectors, ceased operations, per AgFunder News. It'd raised $38m from investors including AIN Ventures, Blackhorn Ventures, Four Rivers Group, the Footprint Coalition, and Radical Ventures. Go deeper
⚡️ Niron Magnetics, a Minneapolis-based developer of rare-earth-free permanent magnets, received a conditional commitment from the U.S. Department of Defense's Office of Strategic Capital for a loan of up to $150m for a manufacturing plant in Sartell, Minn. Go deeper
