Illustration: Aïda Amer/Axios
Venture Capital
• Mueon, a Portland, Ore.-based semiconductor systems startup, raised $65m in Series A funding. Maverick Silicon led, joined by Intel Capital, IQT, M-Ventures, and Oregon Venture Fund. Go deeper
⚡️ Rabot Energy, a German platform for turning homes into virtual power plants, raised $50m in Series B funding. Endeit led, joined by DTCF and insiders HV Capital, HTGF, Bosch Ventures, CNI, Acurio Ventures and Vent.io. Go deeper
⚡️Holyvolt, a Swedish AI battery materials discovery startup, raised $45m from Fifth Wall, Zone II, and CC.VC. Go deeper
🚑 Sirona Medical, an SF-based provider of radiology software, raised $40m in Series D funding. Avidity Partners led, joined by 8VC, GreatPoint Ventures, and KLT Holdings. Go deeper
💊 Seragy, a German biomarker startup, raised €12m from Commerzbank, the MB, and the State of Lower Saxony. Go deeper
• Fission, a NYC-based provider of liquidity infrastructure for tokenized investment funds, raised $10m in Series A funding. Pantera Capital led, joined by Circle Ventures, Borderless Capital, Ari Rubenstein, New Form, gumi Cryptos Capital, Anthony Scaramucci, Manhattan Venture Partners, Reflexive Capital, and Lattice Capital. Go deeper
• Solvera, an Oslo-based AI construction engineering firm, raised $6.3m in pre-seed funding. Seedcamp led, joined by Construct Venture, Inception Fund, Momentum, Obos Ventures, PSV Tech, Sondo, and The Nordic Web Ventures. Go deeper
• Shamrock AI, an Indian data testing platform for agentic AI, raised $5m in seed funding. Endiya Partners led, joined by Capria Ventures. Go deeper
Private Equity
• First Class Air, backed by O2 Investment Partners, invested in Vertical Aerospace, an aircraft MRO. Go deeper
• GHK Capital Partners acquired USA Hometown Experts, a Memphis-based residential services company. Go deeper
⚡️Integrated Power Services, backed by Searchlight, acquired Bold Renewables, a Windsor, Colo.-based maintenance and parts provider for solar inverters. Go deeper
• Lone Star and Atlas Holdings are among the potential bidders for International Paper's IPO-bound European packaging business, which could be valued near $6b, per the FT. Go deeper
• Mubadala Capital completed its $6.2b take-private buyout of Clear Channel Outdoor. Go deeper
• Proofpoint, a Thoma Bravo-backed enterprise cybersecurity firm, agreed to buy data security company Varonis Systems (Nasdaq:VRNS) in an all-cash deal valued at approximately $6.3b. Go deeper
• Transaction Network Services, backed by Koch Equity Development, acquired Netnumber, a Marlborough, Mass.-based provider of phone number intelligence and registry services, from Abry Partners. Go deeper
M&A
• Richemont, the luxury group that owns Cartier, is considering joining a consortium bidding for diamond giant De Beers, per Reuters. Go deeper
⚡️Sakuu, a San Jose, Calif.-based battery machine manufacturer, plans to go public at an implied $600m valuation via a reverse merger with Pyrophyte Acquisition Corp. II (NYSE: PAII). Go deeper
Fundraising
⚡️Aligned Climate Capital secured $387m for community solar projects led by Apollo's Apterra Infrastructure Capital. Go deeper
It's Personnel
🌎 Lucie Hankin joined Overture, an LA-based climate-focused VC, as a partner. She previously was with True Vectors. Go deeper
• Rich Peacock is joining JPMorgan as global head of consumer and retail M&A. He was previously with Bank of America. Go deeper
Odds & Ends
💊 AstraZeneca will pay $40m upfront and up to $1.5b to drug discovery startup Insitro to explore new cardiometabolic disease treatments. Go deeper
