Energy and climate deals of the week

Venture Capital

• Atlas Atomics, a nuclear startup cofounded by Vivek Ramaswamy, reportedly raised $400m at a $1.9b valuation. General Catalyst led, joined by a16z. Go deeper

• Icon, an Austin, Texas-based robotic construction startup, raised $200m in Series D funding. Baillie Gifford and BlackRock led, joined by Capital Factory, CAZ Investments, Moderne Ventures, Moonshots Capital, Norwest, Overmatch, The Syndicate, and Tiger Global. 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

• Scimplify, a chemicals production platform, raised $25m at a $250m post-money valuation. Hitachi Ventures led, joined by Henkel, Teknor Apex, Accel India, Bertelsmann India Investments, Omnivore, and 3one4 Capital. 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

• Epyr, a French industrial heat storage startup, raised €15m in Series A funding. SlateVC led, joined by AENU, Daphni, WEPA Ventures, OVNI Capital and Aurum Impact. 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

• CarbonFarm, a French rice-farming decarbonization startup, raised €7m in Series A funding. Colom Impact led, joined by Proparco, Suma Capital, elea, Working Capital Fund, Albo and Bpifrance, Serena, Makesense, and Techmind. Go deeper

• Pathways, an NYC-based environmental reporting platform for manufacturers, raised $6m in seed funding. Sorenson Capital led, joined by Pi Labs, Zacua Ventures, Blue Lion, Positive Ventures, Great Wave, Titan Ventures, and Heidelberg Materials. Go deeper

• Molagri, a Canadian developer of biopesticides, raised US$5.8m in pre-seed and seed funding. Convective Capital led, joined by Superorganism, YC, and Julian Capital. Go deeper

• Ambio, a Finnish plastics procurement startup, raised €5.1m in seed funding. B2venture led, joined by Montis and Lifeline Ventures. Go deeper

• OlsAro, a Swedish developer of resilient wheat, raised €5m in seed funding. Industrifonden and Nordic Foodtech VC led, joined by Future Food Fund, PINC, AgFunder, and GU Ventures. Go deeper

• KP Labs, a Polish satellite data processing startup, raised €4.4m from Momentum Capital Partners. Go deeper

• Skeleton Technologies, an Estonian fast energy storage startup, raised new funding from insider Siemens at a valuation north of $1b. Go deeper

Private Equity

• Archimed agreed to acquire Genetica, a Brazilian provider of bio-based industrial wastewater treatment, biogas generation and bio-based crop protection. Go deeper

• Blackford Capital acquired E.G. Middleton, a Norfolk, Va.-based electrical contractor. Go deeper

• Copenhagen Infrastructure Partners acquired a 25% stake in the Five Estuaries Offshore Wind Farm. Go deeper

• Godspeed Capital bought GreenVest, a Bowie, Md.-based ecological restoration and resilience 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

• Ambienta acquired a majority stake in Energreen, an Italian maker of vegetation management machines, from 21 Invest. Go deeper

• Ardian and Hy24 agreed to buy Hynamics, a developer of clean hydrogen projects in France and the U.K., from EDF. Go deeper

• Ara Partners acquired a majority stake in Pacific Ag, a Hermiston, Ore.-based crop residue supply and logistics company. Go deeper

• Advantage Distribution Holdings, an HVAC platform backed by Tigertail Capital Partners and D1 Capital Partners, acquired Badger Metals, a distributor of HVAC equipment, parts, and supplies in Wisconsin. Go deeper

• Innovative Refrigeration Systems, backed by CCMP Growth, acquired QuickFreeze, a Fort Wayne, Ind.-based maker of blast-chilling products. Go deeper

• One Equity Partners agreed to buy IT group Nexora from Ireland's DCC Energy (LSE: DCC) for $725m. Go deeper

M&A

• Shell (LSE: SHEL) agreed to sell its Nigeria business to Vaaris Energy. Go deeper

• Drilling Tools International (Nasdaq: DTI) agreed to acquire Saltire, a Scottish provider of rental drilling tools, for around $80m in cash and stock. Go deeper

Public Offerings

• 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

• Base Electron, a power infrastructure company, said that it confidentially filed for an IPO. Go deeper

Fundraising

• Aligned Climate Capital secured $387m for community solar projects led by Apollo's Apterra Infrastructure Capital. Go deeper

• Pear VC, a Menlo Park, Calif.-based seed-stage investor, raised $333m for its fifth fund. Go deeper

• SLM Partners, an NYC-based natural asset manager, received a €150m commitment for its second fund from Dutch pension investor APG. Go deeper

• Waterous Energy Fund plans to seek $1b for a single-asset fund focused on Canada's oil patch, per the WSJ. Go deeper

• H.I.G. Capital is targeting $2.6b for its second infrastructure fund, per Bloomberg. Go deeper

• SoftBank is in talks to raise a $100b fund focused on AI, per the FT. Go deeper

It's Personnel

• Chris Aguemon and Bill Strobel were promoted to principals at AE Industrial Partners. Go deeper

• Josh Zoffer and Mitchell Brady were promoted to partners at CIV, an LA-based VC firm focused on energy and advanced manufacturing. Go deeper

• Lucie Hankin joined Overture, an LA-based climate-focused VC, as a partner. She previously was with True Vectors. Go deeper

• Bucky Moore is stepping down as a partner with Lightspeed Venture Partners, which he joined early last year from Kleiner Perkins, to launch his own VC firm (smaller scale than Lightspeed). Go deeper

• Go Suzuki joined I Squared Capital as a principal at the firm's new Tokyo office. He previously was with BlackRock's Global Infrastructure Partners. Go deeper

• CIV promoted Josh Zoffer and Mitchell Brady to partners. Go deeper

Odds & Ends

• Ezo, an Irish EV charging infrastructure developer, closed €150m in financing from Aberdeen Investments and Standard Life. Go deeper