Illustration: Aïda Amer/Axios
Venture Capital
• Xona, a Burlingame, Calif., network of small satellites for navigation, raised $170m in Series C funding. Mohari Ventures Natural Capital led, joined by Craft Ventures, Iconiq, Woven Capital, NGP Capital, Samsung Next, Hexagon, and others. Go deeper
• ORAN Development, a radio access networks company, raised $45m in Series A funding from Booz Allen, Cisco Investments, Nokia, Nvidia, AT&T, MTN, and Telecom Italia. Go deeper
• Tazapay, a Singaporean cross-border payment infrastructure provider, raised $36m in Series B funding led by Circle Ventures, with participation from Coinbase Ventures, CMT Digital, Peak XV Partners, GMO Venture Partners, and January Capital. Go deeper
• Worth, an Orlando, Fla.-based SMB onboarding platform for financial institutions, raised $30m in Series A funding led by Fulcrum Equity Partners, with participation from Amex Ventures and TTV Capital. Go deeper
🚑 Blossom Health, an NYC-based platform for psychiatrists, raised $20m in Series A and seed funding from Headline, Village Global, and TA Ventures. Go deeper
• Conntour, an SF-based AI search engine for security video systems, raised $7m in seed funding from General Catalyst, YC, SV Angel, and Liquid 2 Ventures. Go deeper
• Payy, a stablecoin startup, raised $6m in seed funding. FirstMark Capital led, joined by Robot Ventures and DBA Crypto. Go deeper
🌎 Aurora Hydrogen, a Canadian clean hydrogen technology startup, raised C$3m from Oldendorff Overseas Investments. Go deeper
• Galdera Labs, a Swedish financial modeling platform, raised €1.5m in pre-seed funding led by J12 Ventures, with Antler participating. Go deeper
• CurrentClient, a Salt Lake City-based communication platform for financial advisors, raised $1.3m in seed funding led by Thicket Ventures. Go deeper
Private Equity
• Allvia, backed by Trinity Hunt Partners, acquired HR Pals, an LA-based provider of outsourced HR administration and employee support services. Go deeper
• Blackstone invested $250m into ADGT, a UAE-based payments infrastructure platform whose other backers include Raya Holding, NRT Technology, and Sightline Payments. Go deeper
• Bonaccord Capital Partners acquired a minority interest in Prime Finance, a commercial real estate credit platform. Go deeper
• Bow River Capital acquired TrackVia, a federal contracting compliance platform. Go deeper
• Synergy Sports Capital, recently launched by ex-NFL players Terrence Murphy and Reggie Bush, is investing in League One Volleyball to acquire operating rights for LOVB Salt Lake. Go deeper
• Terminus Capital Partners acquired a majority stake in Andesa, an Allentown, Pa.-based provider of policy lifecycle administration of insurance and annuity products. Go deeper
Going Public
⚡New West Data, a Canadian energy company and bitcoin miner, is exploring a U.S. IPO, per Bloomberg. Go deeper
Liquidity
• Herbalife (NYSE: HFL) agreed to pay $150m for the assets of Bioniq, a London provider of personalized supplements using blood testing that had raised $30m from backers like HV Capital, Unbound, and Cristiano Ronaldo. Go deeper
M&A
• Mastercard (NYSE:MA) is weighing a sale of the payments unit it acquired from Nets for $3.2b, its largest-ever acquisition, per the FT. Go deeper
• Pernod Ricard (Paris: RI) is weighing a bid for Jack Daniel's whiskey maker Brown-Forman (NYSE: BF), per Bloomberg. Brown-Forman shares jumped on the news, pushing its market cap past $12b. Go deeper
It's Personnel
🚑 Missy Jerome joined ConcertAI as chief people officer. She formerly was with Commonwealth Financial Network. Go deeper
