Illustration: Eniola Odetunde/Axios
Venture Capital
• Kashable, an NYC-based employee financial wellness program provider, raised $60m in Series C funding. Goldman Sachs led, joined by Revolution and EJF Ventures. Go deeper
• Manifest OS, a NY-based immigration-focused legal tech startup, raised a $60m Series A at a $750m valuation from Menlo Ventures, Kleiner Perkins, First Round Capital, and Quiet Capital. Go deeper
• OpenLight, a Goleta, Calif.-based silicon photonics startup, raised $50m in an extended Series A. Matter Venture Partners led, joined by Acclimate Ventures, Catapult Ventures and insiders Xora Innovation, Capricorn Investment Group, Mayfield, and New Legacy. Go deeper
⚡️ CleanDesign, a Canadian software-controlled battery maker, raised US$20m led by Edison Partners. Go deeper
• Liquid, an NYC-based multi-asset trading platform, raised $18m. Left Lane Capital and Neo led, joined by Paradigm, General Catalyst, Haun Ventures, K5 Global, SV Angel, AntiFund, and Sunflower Capital. Go deeper
• Fermeate, an SF-based ag-tech company, raised $2m in seed funding. Newfund Capital led, joined by SOSV, Ajinomoto Group Ventures, Ki Tua Fund, Heuristic Capital Partners, Momentum Capital, Plug & Play, Tesserakt Ventures, and Ag Startup Engine. Go deeper
• Tapaya, a Czech payments infrastructure startup, raised €1m in pre-seed funding. Passion Capital and Depo Ventures led, joined by BADideas.fund. Go deeper
Private Equity
• Acron Technologies, a TJC portfolio company, agreed to acquire Sightline Intelligence, Portland, Ore.-based processor of videos for defense purposes, from Artemis. Go deeper
🚑 Corporate Technologies, a portfolio company of Tonka Bay Equity Partners and Northstar Capital, acquired RPM Technologies, an Indianapolis-based managed services company for life sciences. Go deeper
• Hg invested in Teamworks, a Durham, N.C.-based provider of sports operating software, valuing it over $1.5b. Go deeper
• Integrity, a Dallas-based insurance and wealth management company backed by Harvest Partners, HGCC, and Silver Lake, acquired Minneapolis-based health and life insurance company TC Financial. Go deeper
• I Squared Capital agreed to acquire Brazil's Elea Data Centers. Go deeper
⚡️ I Squared Capital acquired Pittsburgh-based renewable energy developer Oriden from Mitsubishi Power Americas. Go deeper
• O2 Investment Partners invested in Steffl Drilling & Pump, a Willmar, Minn.-based provider of water well drilling and repair services. Go deeper
• Valor Exterior Partners, an Osceola Capital portfolio company, acquired Associate Roofing, a Braintree, Mass.-based roofer. Go deeper
Liquidity Events
• Adyen (Amsterdam: ADYEN) will pay €750m to acquire Talon.One, a German loyalty and incentives platform that's raised over $140m from firms like Silversmith Capital Partners, Meritech Capital Partners, and CRV. Go deeper
• Protective Life Insurance, a U.S. subsidiary of Daiichi Life Group (TSE:8750), agreed to acquire Obsidian Insurance Holdings, a property, casualty and specialty insurance platform, from Genstar Capital. Go deeper
• RELIX Group, the UK-based owner of legal software provider LexisNexis, agreed to acquire AI legal platform Doctrine from Summit Partners. Go deeper
M&A
• Carson Group acquired Harbor Wealth Management, a Green Bay, Wis.-based firm overseeing $396m. Go deeper
• Fundamental Brands, a Delray Beach, Fla.-based beauty and personal care holding company, will buy Great American Beauty and its licensing subsidiary Palm Beach Beauté. Go deeper
Public Listings
⚡️Compass Gas e Energia's shareholders are seeking to raise $622m in what could be the first Brazilian IPO in nearly five years. Go deeper
Fundraising
• Northwestern Mutual committed $150m to its third fintech VC fund. Go deeper
It's personnel
• Lauren Goodwin joined KKR as a managing director and chief investment strategist for global wealth solutions. She previously was with New York Life Investments. Go deeper
Odds & Ends
• FreshRealm, which provides meal-kits for Blue Apron, filed for Chapter 11 bankruptcy amid food-recall disputes. GIC Private backed the company. Go deeper
