Illustration: Aïda Amer/Axios
Venture Capital
⚡️ Harbinger, a Garden Grove, Calif.-based EV truck maker, raised a $240m Series D. Tiger Global, Capricorn, and Ridgeline led, joined by FedEx, Fidelity, Squarepoint Capital, Xantium, Maniv, Greycroft, Australian Gulf Capital, PanaceaVC, ArcTern Ventures, Leitmotif, TechNexus, and BuildGroup. Go deeper
• Humble Robotics, an SF-based autonomous electric trucking startup, raised $51m in Series A funding from Obvious Ventures, Eclipse, and EIP. Go deeper
💊 Anaheim Bio, a Dutch arthritis biotech, raised a €40m Series A from Droia Ventures, Frazier Life Sciences, RTW, Novartis Venture Fund, RV Invest, and Thuja Capital. Go deeper
⚡️ RadianX, a Redwood City, Calif.-based maker of perovskite solar modules for edge energy, raised $9m in seed equity and project financing. The seed round was led by SOSV and Twynam. Go deeper
• Arena.io, a Baltimore-based analytics platform for career success, raised $4.5m from World Education Services, Sherman Family Foundation, France-Merrick Foundation, and the Maryland Department of Housing and Community Development. Go deeper
• Lombard Systems, a provider of financing infrastructure for tokenized assets, raised $4m in pre-seed and seed funding. Ethereal Ventures led, joined by Alps Capital, First Commit Capital, Veris Ventures, and Atka. Go deeper
Private Equity
🚑 Curewell Capital agreed to acquire a majority stake in ECA Medical, a Thousand Oaks, Calif.-based manufacturer of single-use instruments and surgery-ready solutions, from LongueVue Capital. Go deeper
⚡️ Levine Leichtman Capital Partners made a growth investment in Concentric Energy Advisors, a Marlborough, Mass.-based consulting and advisory firm serving the North American utility and energy industry. Go deeper
• Permira acquired Flint Group, a Kansas City-based home services firm, from General Atlantic. Go deeper
• The Riverside Co. acquired Hoover Circular Solutions, a Houston-based reusable packaging rental firm, from First Reserve. Go deeper
Liquidity
• Dropbox plans to acquire Sunnyvale, Calif.-based localized data storage startup Tigris Data for $350m. Tigris had raised $39m from backers including Spark Capital, a16z, General Catalyst, and Materialized View Capital. Go deeper
Going Public
• Kartoon Studios Acquisition, a children's media and entertainment SPAC formed by Kartoon Studios, filed for a $300m IPO. Go deeper
💊 Rezera, a Boston-based cardio biotech, set IPO terms to 16.7m shares at $11-$13. It would have a $254m valuation at the midpoint and plans to list on the Nasdaq (RZRA). The Phase 3-ready company has raised over $151m from firms like 5AM Ventures, Blue Owl Capital and Novo Holdings. Go deeper
M&A
⚡️ DTE Energy agreed to sell DTE Vantage, its non-utility business, for about $3b to institutional investors. Go deeper
• Enhanced Group (NYSE: ENHA) agreed to acquire a 77% stake in DEAG Deutsche Entertainment, a listed German live entertainment and ticketing company, for around $89m. Go deeper
• General Mills (NYSE: GIS) is considering separating its Häagen-Dazs ice-cream business outside of North America, per the WSJ. Go deeper
Fundraising
• Sagard Private Equity raised €520m for its third fund-of-funds focused on emerging managers. Go deeper
It's Personnel
• Armory Ventures promoted Anthony Santaro to principal. Go deeper
• David Shields joined Transom Capital Group as EVP of operations and finance. He previously was CFO for Any Hour Group. Go deeper
Odds & Ends
💊 Evommune, a Palo Alto, Calif.-based inflammatory disease biotech, will pay $30m upfront and up to $1.1b to Chinese drugmaker Hinova Pharmaceuticals to in-license a molecular glue degrader. Go deeper
