Illustration: Natalie Peeples/Axios
Venture Capital
• Mirendil, an SF-based self-improving AI model developer launched by former Anthropic researchers, is reportedly in talks to raise at a $5b valuation led by Kleiner Perkins. Go deeper
• Snorkel AI, an AI data development platform, raised $350m at a $3.5b post-money valuation. Insight Partners and S32 led, joined by Addition, March Capital, Blumberg Capital, Allegis Capital, Frontline, Standard, and Third Point Ventures, along with existing investors Greylock, Lightspeed, GV, Factory, Prosperity7, Walden Catalyst, and Wells Fargo. Go deeper
• The Horowitz Andreessen Academy, a school launched by a16z that aims to train aspiring founders out of high school, raised $42m. Go deeper
⚡First American Nuclear, an Indianapolis-based nuclear reactor developer, raised $1m of a planned $25m, per a filing. Go deeper
💊 Dialybrid, an Italian medical device startup, raised €15m in Series A funding. XGEN Venture led, joined by CDP Venture Capital. Go deeper
• Nexstrom, a Singaporean wafer-scale platform for 2D semiconductor materials, raised $12m in seed funding. Xora Innovation led, joined by Foothill Ventures and Seeds. Go deeper
• Terasi, a Swedish developer of battlefield communications tech, raised €11m. NATO Innovation Fund and Join Capital led, joined by In-Q-Tel, D3, Navigare Ventures, Almi Invest, Onsight Ventures, Further Than Capital, and KTH Ventures. Go deeper
• Beagle Labs, an NYC-based property intelligence platform for commercial insurers, raised $4.1m in pre-seed funding. Chingona Ventures led, joined by Sovereign's Capital, Remarkable Ventures, C2 Ventures, South Loop Ventures, and Red Bike Capital. Go deeper
• Snag, a Brooklyn-based platform for housing renters, raised $4m. Slow Ventures led, joined by Precursor Ventures, Long Journey Ventures, and Chamaeleon. Go deeper
• SOL, an AI chief of staff, raised $4m from General Catalyst, Nexus Venture Partners, DeVC, and Peercheque. Go deeper
• Dash Dog Food, a premium fresh and frozen dog food brand, raised $1.5m in seed funding led by Voltage Ventures. Go deeper
Private Equity
• Blackstone and EQT completed their $6.6b buyout of Spanish waste management firm Urbaser from Platinum Equity. Go deeper
🚑 Command Medical Products, an Argosy Healthcare Partners portfolio company, acquired IMATS, a Costa Rican provider of injection molding and tooling services. Go deeper
• CD&R and Warburg Pincus are in talks to acquire Canaccord Wealth from Canaccord Genuity (TSX: CF), per Reuters. Go deeper
• Granite Creek Capital Partners invested in Climalock, a Warsaw, Mo.-based provider of insulation panel systems for aboveground storage tanks. Go deeper
• Lone View Capital invested in HappyCo, a Carlsbad, Calif.-based property operations platform for multifamily housing. Go deeper
• Peakline Partners acquired Kalon, a Stamford, Conn.-based mid-ticket equipment finance platform. Go deeper
⚡️ SMT Energy, a Boulder, Colo.-based developer of battery energy storage systems, secured up to $268m from Climate Adaptive Infrastructure. Go deeper
• Tamarix Equity Partners invested in Halal Shack, an Albany, N.Y.-based operator of fast casual restaurants on college campuses. Go deeper
• Verdence, a Hunt Valley, Md.-based wealth advisor backed by Wealth Partners Capital Group, acquired Harvest Investment Consultants, an RIA with $564m in AUM. Go deeper
It's Personnel
• Suzanne Flannery joined Grafine Partners as a managing director and head of strategic initiatives. She was previously at Neuberger Berman. Go deeper
Odds & Ends
• Google signed a deal with Georgia Power to finance and buy power from boosted nuclear power plants in Georgia. Go deeper
• Nth Cycle, a Burlington, Mass.-based metal refining startup, announced a $1b supply deal with Glencore. Go deeper
