Illustration: Shoshana Gordon/Axios
Venture Capital
• HubX, a Turkish mobile app builder, raised $50m at a $1.2b pre-money valuation from Point72 Private Investments, which has an option to invest an additional $25m. Go deeper
• Reframe Systems, an Andover, Mass.-based home construction platform, raised $40m. Energy Impact Partners led, joined by Counterpart Ventures, E12 Ventures, Global Brain, Thin Line Capital, Up Partners, LACI Impact Fund and insiders Eclipse, VoLo Earth, Cubit Capital, RA Capital Management, MassMutual Catalyst, and Nor'easter. Go deeper
• Easy Aerial, an NYC-based drone developer, raised $20m in Series B funding from Insight Partners and Entrée Capital. Go deeper
• Clipto, an SF-based video search startup, raised $15m at a $250m valuation from HSG, GL Ventures, EnvisionX Capital, Palm Drive Capital, Hans Tung, Lu Zhang, and 522 Ventures. Go deeper
⚡️Molten Salt Solutions, a Santa Fe-based lithium enrichment startup, raised $7m in seed funding. Dolby Family Ventures led, joined by Vanedge Capital Partners, Alumni Ventures, Gaingels, True Ventures, and Future Ventures. Go deeper
⚡️Leanwatts, an Indian developer of power electronics and EV charging infrastructure, raised $2m in seed funding led by Trivest Partners. Go deeper
Private Equity
• Corridor Capital invested in Titan Investors, a Miami-based producer of investment events. Go deeper
• Dansons Capital Group, Accrual Equity Partners, and Hydro Construction acquired Shasta Pools, a Phoenix-based pool builder. Go deeper
• Envestnet, a Bain Capital portfolio company, is in advanced talks to buy Vestmark, a Wakefield, Mass.-based provider of wealth management software that's backed by Summit Partners, per CityWire. Go deeper
• Levine Leichtman Capital Partners acquired Colt Group, a Pasadena, Texas-based provider of specialty industrial services. Go deeper
• Pye-Barker Fire & Safety, backed by ADIA and GIC, acquired Suppression Systems, a Tacoma, Wash.-based fire suppression company. Go deeper
M&A
• Deloitte acquired Wavicle Data Solutions, a data and AI engineering organization with a Databricks practice. Go deeper
⚡️ePointZero of Abu Dhabi agreed to acquire a 90% stake in Azura Power, a pan-African independent power producer. Go deeper
Public Listings
• Shein, the fast-fashion retailer, raised $1.74b in its Hong Kong IPO after pricing in the middle of its range. Go deeper
• Shanghai Enflame Technology, a Chinese AI chipmaker backed by Tencent, is seeking to raise about $911m in a Shanghai IPO. Go deeper
Fundraising
• Carrick Capital Partners raised $600m for a single-asset CV focused on identity security company Saviynt, including a new $255m investment. Coller Capital and HSBC Asset Management led. Go deeper
It's Personnel
⚡️Erik Elsea joined Simpson Thacher & Bartlett as a partner in the law firm's energy and infrastructure practice. He previously was with Skadden Arps. Go deeper
• Jonathan Healy joined Equal Ventures as a principal. He was previously a VP at Cathay Innovation. Go deeper
Debt
⚡️JetZero, a Greensboro, N.C., developer of a fuel-efficient aircraft, closed up to $100m in financing from Pinegrove Credit Partners and SVB. Go deeper
