Illustration: Brendan Lynch/Axios
Venture Capital
• Anchorage Digital, an SF-based crypto custodian and bank, is seeking $200m to $400m ahead of a potential IPO next year, per Bloomberg. Go deeper
💊 Think Bioscience, a Boulder, Colo.-based cardiac and lymphatic genetic syndrome biotech, raised a $55m Series A. Regeneron Ventures, Innovation Endeavors and Janus Henderson Investors led, joined by T.A. Springer, CE-Ventures, MBX Capital, and YK Bioventures. Returning investors include AV8 Ventures, CU Innovations and Buff Gold Ventures. Go deeper
🌎 Jetson, a Canadian heat-pump manufacturer, raised US$50m in a Series A led by Eclipse, joined by 8VC, Activate Capital, and insiders Garage Capital and Active Impact. Go deeper
🚑 VieCure, a Greenwood Village, Colo.-based oncology care software provider, raised $43m co-led by Danaher cofounder Mitch Rales and Northpond Ventures. Durable Capital Partners, Socium Ventures, and Sator Grove also participated. Go deeper
• Stoïk, a French cyber risk insurtech, raised €20m in Series C funding co-led by Impala and Opera Tech Ventures, with Alven and a16z participating. Go deeper
• Statusphere, a "micro-influencer" marketing platform, raised $18m in Series A funding. Volition Capital led, joined by HearstLab, 1984 Ventures, and How Women Invest. Go deeper
• Veera, a Singaporean crypto financial services platform, raised $10m in pre-seed and seed funding from Sigma Capital, CMCC Titan Fund, 6th Man Ventures and Ayon Capital. Go deeper
💊 Biomakers, an SF-based precision medicine and oncology intelligence biotech, raised $8m from Labcorp Venture Fund, Oncology Ventures, Endurance28, Zentynel, Sonen Capital, and Sky High Fund. Go deeper
• Legato, a Tel Aviv-based app creation automation company, raised $7m in seed funding. S Capital led, joined by Cerca Partners. Go deeper
• Mave, a Toronto-based real estate platform for brokers, raised a $5m seed round from Staircase Ventures, Relay Ventures, N49P, and Alate Partners. Go deeper
• Formulary, an AI-powered private fund manager software startup, raised $4.6m in seed funding led by Khosla Ventures, with Human Ventures participating. Go deeper
🚑 Xella Health, an SF-based women's precision health and telemedicine company, raised $3.7m in pre-seed financing led by Precursor Ventures with participation from Capital F and Ulu Ventures. Go deeper
🌎 Senseup, a German biopesticide developer, raised €3m in seed funding led by Capnamic, joined by Simon Capital, Rockstart, Check24 Impact and HBG Ventures. Go deeper
Private Equity
• Argano, a portfolio company of Trinity Hunt Partners, acquired Advantco International, a Charlotte, N.C.-based provider of integration software solutions, from Montage Partners. Go deeper
• Arora Engineers, a portfolio company of Jacmel Partners, acquired J.A. Watts, a Chicago-based program and construction management firm. Go deeper
• ConnectWise, a Thoma Bravo portfolio company, acquired zofiQ, a Toronto-based service desk automation company. Go deeper
• GTCR formed Ascent Sports Group, a sports-focused tech platform, in partnership with former Match Group exec Gary Swidler. Go deeper
• Highlander Partners acquired hot sauce brand Tapatio from the Saavedra family, with The Arnold Cos. participating as a minority investor. Go deeper
• Marksman Security Services, a part of Quad-C-backed Marksman Titan Security Group, acquired Priebe Security Services, a Texas-based private security services provider. Go deeper
• Sundance Growth invested in b2wise, a U.K. supply chain demand planning platform. Go deeper
Liquidity
• Advent International hired UBS and Rothschild to sell Irca, an Italian industrial confectioner that could fetch around €3b, per Bloomberg. Go deeper
⚡ Blackstone is weighing the sale of Beacon Offshore Energy, a Gulf of Mexico driller that could fetch $5b, per Bloomberg. Go deeper
Fundraising
• Horizon Capital raised over 50% of its targeted €300m Horizon Capital Catalyst Fund, focused on Ukraine. Go deeper
It's Personnel
•Harvest Partners promoted Lucas Rogers to partner, Matthew Bruckmann and Ian Singleton to principals, and Connor Scro to vice president. Go deeper
⚡️Mariko McDonagh Meier was named CEO of Unison Energy, a Greenwich, Conn.-based on-site power supplier and microgrid developer. Meier was chief revenue officer of Convergent Energy and Power. She succeeds Andy Cooper and Tim Lukes. Go deeper
⚡️Michael Picchi was appointed CFO and treasurer of Soluna Holdings (Nasdaq: SLNH). Picchi was CFO and chief accounting officer at TECFusions. He succeeds interim CFO David Michaels. Go deeper
🌎 Phil Thornborrow was promoted to president-U.S. of British meat brand Quorn. He was global foodservice director. He's succeeded by Damian McLoughlin, who joined from Flora Food Group. Go deeper
Odds & Ends
💊 Pfizer (NYSE: PFE) agreed to pay $30m upfront and as much as $500m to Novavax for access to its vaccine enhancement technology. Go deeper
Colin Campbell, Katherine Davis, Katie Fehrenbacher, Ryan Lawler, Alan Neuhauser, Chris Metinko, Dan Primack, Erin Brodwin, Natalie Breymeyer and Brock E.W. Turner contributed to this report.
