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Dec. 4 — 👀 Exclusive: AM Batteries raised a $30m Series B; Microsoft's big climate tech Q3; and Alterra has $30b to sprinkle around. Read the newsletter

Dec. 5 — 👀 Exclusive: Carbon removal market Pachama added $9m to its Series B from the venture arm of Deutsche Telekom; and Circular plastics grow despite challenges. Read the newsletter

Dec. 6 — Hybrids having a moment; X-energy closed an $80m Series C; and what's driving the renewable diesel boom. Read the newsletter

Dec. 7 — Investors are building war chests to fund new sources of critical metals; Congruent Ventures raised $275 million for its third flagship fund; and Congruent managing partner Abe Yokell (above) sees institutional investors holding the key to the energy transition. Read the newsletter

1. 🌎 Climate Tech 🌈

Photo illustration of Abe Yokell and a Congruent Ventures pattern.

Photo illustration: Lindsey Bailey/Axios. Photo: Courtesy of Congruent Ventures

Dec. 4 — 👀 Exclusive: Intuitive Ventures raised $150m for its second health care startup fund; 👀 Exclusive: Imaware acquired the consumer testing division of sexual health startup Binx Health in an all-cash deal; and the state of play for in-home testing. Read the newsletter

Dec. 5 — 👀 Exclusive: Neurolens received $45m in venture debt funding from Trinity Capital; and CVS' drug price push. Read the newsletter

Dec. 6 — 👀 Exclusive: Ladder pulls up $12m for remote workouts; and Danaher closes $5.7b Abcam deal. Read the newsletter

Dec. 7 — 👀 Exclusive: InpharmD raised a $6.05m seed to make on-demand drug information accessible; and the Senate Budget Committee targets PE. Read the newsletter

2. 💊 Health Tech 💉

Illustration of a pipette dropping droplets of coins into a test tube.

Dec. 4 — 🚨 Scoop: Neiman Marcus and Saks are far apart on deal terms; e-commerce's growing pains; and Blackwells wants a bite out of Wendy's. Read the newsletter

Dec. 4 — Shein gets ready for its close-up. Go deeper

Dec. 5 — 🚨 Scoop: Diageo seeks to offload Harp and other beer brands (Go deeper)

Dec. 6 — Solvento keeps money flow trucking with new capital. Go deeper

Liberation Labs plans to close $50m Series A in Q1. Go deeper

Cash is king as Saks pursues Neiman (part 2) Go deeper

Dec. 8 — Harry's building a CPG powerhouse; and Arizona Iced Tea co-founder's encore. Read the newsletter

3.  🛒 Retail 💰

Illustration of a bull slipping on a floor covered in banana peels. 

Dec. 4 — 👀 Exclusive: Debt collection startup January raised $12m in Series B; and Robinhood takes a third bite at the U.K. apple. Read the newsletter 

Dec. 5 — A brief history of Apple Card; and Bitcoin's rally. Read the newsletter

Dec. 6 — 👀 Exclusive: Canapi Ventures raises $750m; and the founders of Warbler Labs launched a blockchain-based robo-adviser. Read the newsletter

Dec. 7 — 👀 Exclusive: Embedded insurer Mulberri closes its Series A; and overseas banks make on-chain moves. Read the newsletter 

4. 💸 Fintech 🧑‍💻

Illustration of a magnet attracting hundred dollar bills

Dec. 4 — Verizon pushes content bundles; and Range Media Partners is on a mission to challenge the top Hollywood talent agencies. Read the newsletter

Dec. 5 — 👀 Exclusive: Turning TikTok into TV; What's Trending founder Shira Lazar talks trends with Kerry; and Ancora has built a stake in Disney and is calling on the company to put Trian co-founder Nelson Peltz on the board. Read the newsletter

Dec. 6 — 👀 Exclusive: Morning Brew's new ad chief; Enrique can be your catalog, baby; and what Tim and Kerry overheard at UBS Global Media and Communications. Read the newsletter

Dec. 7 — Deep Dive: The growing world of sports teams as VCs. Read the newsletter

5. 📺 Media 🎦

Illustration of a board room table made from a soccer field.

Ken Moelis Sees "Huge Backlog" of Deals (Bloomberg)

Signs of a weakening job market, in five charts (WSJ)

How the "big five" airlines came to dominate the skies (Axios)

PitchBook's Q3 2023 ag tech report (PitchBook)

Western startups seek to break China's grip on rare earths refining (Reuters)

Doctors and pharmacists are in revolt (New York Times)

Nashville's startup scene is booming (CNBC)

Behind the tragic, Instagram-perfect life of the ex-Disney executive (Wall Street Journal)

The persistent myth that most Americans are miserable at work (The Atlantic)

Calls grow for a crackdown on U.S. gambling (The Guardian)

Inside a Beijing-linked Chinese help center in Tanzania (Axios)

Brentford (my PL team) is open to investors Bloomberg

Taylor Swift is Time's Person of the Year (Time)

6. Weekend reading: Worthy of your time

Illustration of two books forming the Axios logo in between other books.

Axios Media Trends author Sara Fischer checks in from her sabbatical. "This is me climbing the steps of Angkor Wat in Cambodia."

7. Postcard from Cambodia

1 big thing: 🚀 Deals Tracker content links are live! The 53,000+ unique deals (and counting) available in Axios Pro: Deals Tracker now link to the original coverage in Pro Deals and Pro Rata.

Try it now to enhance your deals research with context on why they matter.

Have questions or feedback? Submit them here, or email me at george.moriarty@axios.com.

🎵 That wild ride Spotify gave me last week unearthed some names I don't listen to enough. Enjoy some time with Creedence Clearwater Revival over your weekend. 

December 09, 2023

1. 🌎 Climate Tech 🌈