Illustration: Lazaro Gamio/Axios
Venture Capital
💊 Soufflé Therapeutics, a Boston-based developer of RNA therapies, raised $135m in Series B funding. Juvia Group led, joined by TCG Crossover Management, BB Biotech, Fidelity, Balyasny Asset Management, Amgen Ventures, Arch Venture Partners, Bessemer Venture Partners, Breyer Capital, The Invus Group, Janus Henderson, Leaps by Bayer, Polaris Partners, Safar Partners, TAS Partners, Temasek, and Vida Ventures. Go deeper
⚡ Switched Source, a Chicago-based grid automation startup, raised $17m. Cubit Capital led, joined by ABB, Emerald Technology Ventures, Red Cedar Ventures, Southern States, and Southwire. Go deeper
⚡ Mana Battery, a Broomfield, Colo.-based sodium battery startup, raised $10.5m. Voyager Ventures led, joined by USV and Buff Gold Ventures. Go deeper
⚡ NEU Battery Materials, a Singaporean battery material recycling company, raised $7.6m led by Shift4Good and SGInnovate. Go deeper
💊 Giraffe Bio, a Buenos Aires-based developer of biomolecules to recover critical minerals like copper, raised $6.4m in seed funding. Orion Industrial Ventures led, joined by BHP Ventures and Twynaz. Go deeper
• Dapta, a sales automation platform, raised $6m in seed funding. Chingona Ventures led, joined by Crew Capital, Broom Ventures, Cometa VC, 500 Global, and Fen Ventures. Go deeper
• Alchera, a U.K.-based transport data and analytics platform, raised £2.7m in seed funding from Maven Capital Partners, Bayes Entrepreneurship Fund, The FSE Group, Cambridge Applied Research, and Innovate UK's Investor Partnerships. Go deeper
Private Equity
⚡ Copenhagen Infrastructure Partners acquired a 25% stake in the Five Estuaries Offshore Wind Farm. Go deeper
• Fengate Private Equity acquired a majority stake in Clinical Research of West Florida, a Tampa-based clinical research site network. Go deeper
🌎 Godspeed Capital bought GreenVest, a Bowie, Md.-based ecological restoration and resilience company. Go deeper
🚑 Healthpoint Capital invested in Ospitek, a San Diego-based surgical software company. Go deeper
• Northrim Horizon bought Cressy Door and Fireplace, a Seattle-based installation and repair company. Go deeper
• ORS Nasco, an industrial maintenance products wholesaler backed by Wynnchurch Capital, is buying Techniweld & PowerWeld and several brands from Sycamore Partners-owned Essendant. Go deeper
• Terminus Capital acquired PickTrace, a Glendale, Calif.-based workforce management and compliance platform for agriculture. Go deeper
Liquidity
🚑 Agilent Technologies (NYSE: A) agreed to acquire Philadelphia pathology software company Proscia for $240m in cash and up to $30m in earnouts. Proscia had raised around $130m from firms like Razor's Edge Ventures, Highline Capital, Flybridge, and Scale Venture Partners. Go deeper
• Workday (Nasdaq: WDAY) agreed to acquire C1.ai, a Portland, Ore.-based agentic identification startup that had raised $111m from Alumni Ventures, CrowdStrike, Greycroft, Felicis, Glynn Capital, ASDF Ventures, Accel, Active Capital, Fathom Capital, and Fuel Capital. Go deeper
M&A
• Mesh acquired Bluvo, an SF-based developer of exchange connectivity technology backed by Alliance and Vento. Go deeper
It's Personnel
⚡️ Josh Zoffer and Mitchell Brady were promoted to partners at CIV, an LA-based VC firm focused on energy and advanced manufacturing. Go deeper
