Illustration: Brendan Lynch/Axios
Venture Capital
• Accelsius, an Austin, Texas-based provider of direct-to-chip liquid cooling solutions, raised a $65m Series B from Johnson Controls and Legrand. Go deeper
💊 Trailhead Biosystems, a Cambridge, Mass.-based regenerative medicine biotech, raised $20m led by MAK Capital. Go deeper
• VelaFi, a Dallas-based stablecoin financial infrastructure provider, raised $20m in Series B funding. XVC and Ikuyo led, joined by Alibaba, Planetree, and BAI Capital. Go deeper
💊 Avenue Biosciences, a Finnish protein engineering technology company, raised $5.7m in seed funding. Balnord and Tesi led, joined by Voima Ventures, Inventure, and the University of Helsinki. Go deeper
🚑 Allos AI, a U.K. startup focused on applying causal AI to drug reformulation, raised $5m in seed funding. Oxford Science Enterprises led, joined by Habico Invest and Berkeley Skydeck. Go deeper
• Neuramint, a Denver-based developer of an AI agent platform, raised $5m in seed funding from Maelstrom, Borderless Capital, Selini Capital, Symbolic Capital, Lattice Fund, and Node Capital. Go deeper
Private Equity
• Arlington Capital Partners acquired Pond & Co., a Peachtree, Ga.-based engineering and architecture consultancy, from DC Capital Partners. Go deeper
• Aurex, a Godspeed Capital portfolio company, acquired Alpha 2, a provider of cryptographic engineering and cybersecurity services for the U.S. space, defense and intelligence communities. Go deeper
• Sole Source Capital acquired Brite, a Swedish cybersecurity and managed services provider. Go deeper
Liquidity
🚑 Boston Scientific (NYSE: BSX) agreed to acquire Valencia Technologies, a Santa Clarita, Calif.-based maker of implantable bladder devices. Valencia had raised over $60m from firms like Brooks Management Group, Inspire Global Ventures, and Blackbrook Management Group. Go deeper
M&A
• DSV agreed to sell Arkansas-based freight carrier USA Truck to a group of company executives. Go deeper
• Hippocratic AI, valued by VCs at $3.5b, acquired Grove AI, an SF-based developer of AI agents for pharma that raised nearly $5m in a seed round led by A*. Go deeper
• Syspro, a London-based manufacturing and distribution software provider, acquired Evocon, an Estonian production and equipment monitoring solutions firm. Go deeper
Fundraising
• Clayton Dubilier & Rice is seeking $26b for its next flagship fund, per Bloomberg. Go deeper
• Dharana Capital raised $250m for its second India-focused growth equity fund. Go deeper
It's Personnel
• Brighton Park Capital promoted Logan Gregoire to principal and Michael Everett to vice president. Go deeper
• Marian Fowler joined Gibson Dunn as a partner in the law firm's investment funds practice. She previously was general counsel and chief compliance officer at Thrive Capital. Go deeper
• HighPost Capital promoted David Weston to senior managing director of the firm's buyout and late-stage growth efforts. Go deeper
• Clare Kennedy, former global chief operating officer at Maples Group, was named CFO at Spencer Stuart. Go deeper
• Jeff Kozloff, former CEO of Verilogue, was named CEO at RealTime eClinical Solutions. Go deeper
• Leeds Equity Partners promoted Olivia Caccia and William Teplitz to vice presidents and Danielle Klimchak to chief administrative officer. Go deeper
• Dominik Simler joined All Seas Capital as a senior advisor. He previously was a partner and head of DACH at L-GAM Advisors. Go deeper
Ryan Barwick, Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Chris Metinko, Dan Primack, and Aaron Weitzman contributed to this report.
