Illustration: Natalie Peeples/Axios
Venture Capital
• Navi, an Indian fintech founded by Flipkart's Sachin Bansal, raised $100m from Prosus at a $1.3b valuation. Go deeper
• Rillet, an NYC-based AI ERP startup, raised $100m in Series C funding. Iconiq led, joined by insiders a16z and Sequoia Capital. Go deeper
• Queen One, an NYC-based CRM, raised $25m from insiders Mercury Fund, Full In, CT Innovations, CP Overture, Charge Ventures, and Inspired Capital. Go deeper
• Palona AI, a Palo Alto, Calif.-based AI operating layer for physical businesses, raised $20m in Series A funding from Ardenwood Ventures, CrimsonOx, UpHonest, Turbo, Llama Ventures, Neo, Fusion Fund, Defy, and Maynard Webb. Go deeper
• Quartr, a Swedish data layer for institutional finance, raised $18m. Altos Ventures led, joined by SEB. Go deeper
• Beldex, a Seychelles-based blockchain infrastructure startup, raised $8m. Sigma Capital led, joined by NTC, Nxgen, Digital Consensus Fund, and EAK Ventures. Go deeper
• Peeko, an Indian baby care e-commerce platform, raised over $7m in Series A funding. Chiratae Ventures led, joined by Stellaris Venture Partners. Go deeper
• Amber, a German business knowledge platform, raised €7m in Series A funding led by Ventech and NRW Venture. Go deeper
• Quantizr, a Park City, Utah-based financial ops platform for the live entertainment industry, raised $5m in seed funding led by TTV Capital. Go deeper
Private Equity
• CVC Capital Partners invested in OpenRent, a U.K. property rental platform. Go deeper
• Genstar Capital is investing in Ascensus, a Dresher, Pa.-based retirement and savings account provider it sold to Stone Point Capital in 2021. Genstar and Stone Point will now be co-owners. Go deeper
• Uplift Investors is acquiring Engage Fi, a financial services tech consultant, from Falfurrias Management Partners. Go deeper
Public Offerings
• General Atlantic refreshed its confidential IPO paperwork with the SEC, nearly three years after the private equity firm's original submission, per the WSJ. Go deeper
• Thunder Bridge Capital Partners V, a fintech SPAC, raised $261m in its IPO. Go deeper
• Upstox, an Indian online trading platform, is planning to raise up to $400m in a domestic IPO, per Bloomberg. It's raised over $50m from firms like Kalaari Capital and Tiger Global. Go deeper
Liquidity Events
• Checkr, valued by VCs at $4.6b, acquired Truv, a Las Vegas-based financial verification tech company that had raised $30m from Kleiner Perkins, Abstract Ventures, Soma Capital, and Nyca Partners. Go deeper
• Munich Re agreed to acquire At-Bay, an Israeli cyber insurance and services startup, for $575m. At-Bay had raised over $290m from Lightspeed, Khosla Ventures, M12, Acrew Capital, RPS Ventures, Icon Ventures, and Samsung Venture Investment. Go deeper
More M&A
• Goldman Sachs (NYSE: GS) will pay up to $410m to acquire LCN Capital Partners, an investment manager specializing in real estate sale-leasebacks, build-to-suit, and triple net leases. Go deeper
• HomeTrust (NYSE: HTB) agreed to buy Richmond, Va.-based Blue Ridge Bank for $448m in stock. Go deeper
• MAI Capital Management acquired Waypoint Wealth Counsel, an Atlanta-based RIA with $490m under management. Go deeper
Fundraising
• Floating Point, an early-stage VC firm, raised $125m for its third fund. Go deeper
• Jefferies Credit Partners is targeting €1b for a secondaries fund, per Bloomberg. Go deeper
• Ninety One raised $404m for its third Africa credit opportunities fund. Go deeper
• QuantumLight, a London-based VC firm founded by Revolut CEO Nik Storonsky, raised $500m for its second fund. Go deeper
• Reach Capital, an SF-based venture firm, raised $265m for its fifth fund. Go deeper
• Third Mind, a VC effort led by Antoine Nivard (ex-Blank Ventures), is raising up to $25m for its debut fund. Go deeper
It's Personnel
• Manish Patel joined XYZ Venture Capital as a general partner. He previously was with Nava Ventures. Go deeper
• Nathaniel Robertson joined StartEngine as a managing director and head of capital markets. He previously was with Hiive. Go deeper
• Scale Venture Partners promoted Sidd Ramakrishnan to partner. Go deeper
• Tim Hsu and Chris Todisco joined H.I.G. Capital as managing directors of capital formation. Hsu previously worked at Oaktree Capital, while Todisco worked at Schroders Capital. Go deeper
• Tim Luke is leaving Barclays to become vice chair of tech investment banking at Morgan Stanley, per Bloomberg. Go deeper
