/2025/05/12/1747079853688.gif?w=3840)
Illustration: Brendan Lynch/Axios
Venture Capital
• Stash, a New York-based investing and savings platform, raised $146m in Series H funding. Goodwater Capital led, joined by insiders USV, StepStone, Serengeti, University of Illinois Foundation, and T Rowe Price. Go deeper
• Optimal Dynamics, a New York-based decision intelligence platform for logistics, raised $40m in Series C funding. Koch Disruptive Technologies led, joined by Bessemer Venture Partners, The Westly Group, and Activate. Go deeper
• Glass Imaging, a Los Altos, Calif., digital imaging startup, raised $20m in Series A funding. Insight Partners led, joined by GV, Future Ventures, and Abstract Ventures. Go deeper
• iAltA, a private markets infrastructure startup, raised $20m from WestCap. ialta.com
• Theom, a San Jose, Calif.-based AI security and data governance startup, raised $20m in Series A funds led by Wing VC, with participation from S Ventures, Snowflake Ventures and Databricks Ventures. Go deeper
🌎 Exterra Carbon Solutions, a Montreal-based startup changing mining waste into sustainable materials, raised C$20m in Series A funding co-led by Clean Energy Ventures and BDC Capital. Go deeper
• EventWood, a Norwegian developer of super-strong woods, raised $15m in a first close of its Series A round. Grantham Foundation led, joined by Baruch Future Ventures, Builders VC, and Muus Climate Partners. Go deeper
🚑 Olio, an Indianapolis care coordination platform, raised $11m in Series B funding led by Fulcrum Equity Partners with participation from Mutual Capital Partners. Go deeper
• Haast, an Australian compliance automation startup, raised US$6m in seed funding. AirTree led, joined by Defy.vc, Aura Ventures, and Black Sheep Capital. Go deeper
• Zendo, a British energy optimization software startup, raised £1.75M in pre-seed funding led by Fly Ventures, with participation from Octopus Ventures and Pact VC. Go deeper
Private Equity
• Arctos is in talks to buy a stake in the NFL's Los Angeles Chargers, per Bloomberg. Go deeper
⚡ Blackstone is in talks to buy TXNM Energy (NYSE: TXNM), New Mexico's largest utility, per Reuters. A March report from Bloomberg had KKR circling. Go deeper
Public Listings
• Klarna, the Swedish BNPL player, is delaying its IPO until at least the fall, per DI. Go deeper
Liquidity
⚡ LS Power agreed to sell a portfolio of power generation assets to NRG Energy (NYSE: NRG) for $12b. Go deeper
• Towerbrook Capital Partners is looking for a buyer for a bio-refinery in the Austrian Alps. Go deeper
M&A
• SavvyMoney, a Dublin, Calif.-based credit score platform for banks and credit unions, acquired CreditSnap, a San Jose, Calif.-based digital lending and pre-qualification software provider. Go deeper
Fundraising
⚡ Aypa Power, an Austin, Texas-based solar and storage developer, raised $535m in debt to develop a solar battery project in San Bernardino, Calif. Go deeper
It's Personnel
• Nicole Glaros joined Matchstick Ventures as a venture partner. She previously was a partner and chief investment strategy officer at Techstars. Go deeper
• Madhu Namburi is joining General Catalyst as a managing director to co-run the VC investor's Creation fund. He is global chair of technology investment banking at JPMorgan. Go deeper
• Jon Swope joined Morgan Stanley as head of health-care investment banking. He previously was with Barclays. Go deeper
- Ryan Barwick, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Dan Primack, and Aaron Weitzman contributed to this report.
