Illustration: Sarah Grillo/Axios
Venture Capital
• Levelpath, an SF-based procurement platform, raised $55m in Series B funding. Battery Ventures led, joined by Redpoint Ventures, Benchmark, 01A, New View Capital, and World Innovation Lab. levelpath.com
• Campfire, an SF-based enterprise resource planning software developer, raised $35m in Series A funding. Accel led, joined by Foundation Capital, YC, and Capital 49. Go deeper
💊 Portal Biotech, a London-based single-molecule protein sequencing biotech, raised $35m in Series A funding. NATO Innovation Fund and Earlybird Venture Capital led, joined by SCVC, Pillar VC, 8VC, Amino Collective, Outsized, We Venture Capital, British Business Bank, and WS Investment. Go deeper
• Tailor, an SF- and Tokyo-based ERP platform, raised $22m in Series A funding from ANRI, JIC Venture Growth Investments, NEA, Spiral Capital, and YC. Go deeper
💊 Gallant, a San Diego-based animal health biotech working on off-the-shelf stem cell therapies, raised $18m in Series B funding. Digitalis Ventures led, joined by Bold Capital, Hill Creek Partners, NovaQuest Capital Management. Go deeper
• Aircon, an air cargo tech startup, raised $5m of seed funding led by Blumberg Capital and Las Olas VC. airconai.com
⚡ Woodchuck, a Grand Rapids, Mich.-based biomass developer, raised $3.75m in seed funding. Mason Fink led, joined by CMS Energy's NorthStar Clean Energy, Alloy Partners, and Beckett Industries. Go deeper
🚑 LogicFlo AI, a Boston-based developer of AI agents for life sciences teams, raised $2.7m in seed funding led by Lightspeed. logicflo.ai
Private Equity
⚡ Advent International agreed to acquire a majority stake in LayerZero, an Ohio-based maker of static transfer switches and power distribution units for data centers. layerzero.com
• Secur-Serv, backed by Transom Capital Group, acquired Arrowhead Technologies, a Fort Worth, Texas-based provider of managed IT and security services. Go deeper
• Valsoft, a Montreal-based software acquisition platform backed by Coatue and Viking Global Investors, acquired CollectionHQ, a U.K. provider of collection performance improvement software for libraries. valsoftcorp.com
Public Listings
🎲 Cirsa Enterprises, a Spanish casino operator owned by Blackstone, will seek to raise €453m in its domestic IPO at a €2.5b valuation. Go deeper
Liquidity
⚡Rehlko, a power equipment company owned by Platinum Equity, agreed to sell its Curtis Instruments business to Parker Hannifin (NYSE: PH) for around $1b in cash. Go deeper
M&A
• Onto Innovation, a Wilmington, Mass.-based maker of chipmaking software, agreed to acquire Semilab International's material analysis business for $545m in cash and stock. ontoinnovation.com
• TransDigm (NYSE: TDG) agreed to acquire Simmonds Precision Products, a Vermont-based provider of fuel and proximity sensing solutions for aerospace and defense, from RTX (NYSE: RTX) for $765m in cash. Go deeper
• The San Francisco Standard, backed by VC Michael Moritz, acquired Charter, a digital publication focused on the future of work. Charter founder Kevin Delaney will become EIC of both publications. Charter raised $4m from Bloomberg Beta, Precursor Ventures, FT Ventures, Everywhere Ventures and Old Town Media. Go deeper
It's Personnel
• Onur Goker (ex-Anthelion Capital) and Sonali Aggarwal (H.I.G. Capital) joined decarbonization-focused PE firm Ara Partners as a managing director and principal, respectively. arapartners.com
• Mary D'Onofrio left Bessemer Venture Partners to join Crosslink Capital. Go deeper
Odds & ends
• Westinghouse Electric Company has signed a $180m contract to build the vacuum vessel for the ITER fusion facility. Go deeper
