Illustration: Tiffany Herring/Axios
Venture capital
• Kalshi disclosed via an SEC filing that it added around $120m to a Series F round that originally closed on $1b at a $22b valuation back in April. The prediction market platform is also in market with a Series G offering.
• Ajaib, an Indonesian online stock trading platform, raised $270m in Series C funding from Japan's SBI Holdings. Go deeper
• Owner, an AI platform for restaurants and small businesses, raised $240m at a $2.3b valuation. Goldman Sachs led, joined by Meritech Capital Partners, Redpoint Ventures, and Jack Altman. Go deeper
• RQD, an NYC-based clearing and custody firm, raised $74m. Bain Capital led, joined by ABN Amro Clearing Bank and Nyca Partners. Go deeper
• Fasset, an LA-based stablecoin neobanking platform, raised $68m in Series C funding at a $1b valuation led by SBI Group. Go deeper
• Helcim, a Canadian payment processing startup, raised C$53m in Series C funding. BDC Capital led, joined by Curql Collective, Gold House Ventures and insiders Headline, Aquiline, Information Venture Partners, Vesey Ventures, Clocktower Ventures, and Alberta Accelerate Fund. Go deeper
• Standard Metrics, an SF-based portfolio management platform, raised $20m in Series B funding. 8VC led, joined by Salesforce Ventures, Spark Capital, January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Ventures, and Gaingels. Go deeper
• Hivemind, a New York-based tokenization infrastructure company, raised $17m. M&G Investments led, joined by CPIC Investment Management, ZA Bank, FalconX, and Sonic Boom Ventures. Go deeper
• Rezolv, an Indian debt collection startup, raised $12.5m in Series A funding. Norwest led, joined by Vertex Ventures Southeast Asia and India and 3one4 Capital. Go deeper
• NeoSoul, a Malaysian decentralized AI and web3 infrastructure platform, raised $11m in seed funding. MH Ventures led, joined by Amber Group, ArkStream Capital and the 0G Foundation. Go deeper
• Repodo, a Danish auditing platform, raised €8.2m in pre-seed funding led by Hedosophia and Seed Capital. Go deeper
• Neno, a Dutch financial services platform for SMEs, raised €6.6m in seed funding. AlleyCorp led, joined by Motive Partners and Firstminute Capital. Go deeper
• Itoflow, an investment research and portfolio management platform, raised $2.5m in pre-seed funding led by Balderton Capital. Go deeper
Private equity
• Basware, a Finnish portfolio company of Accel-KKR, acquired Trustpair, a French provider of invoice lifecycle management solutions. Go deeper
• CapSpire, a Falfurrias Management Partners portfolio company, acquired FinTark, a London-based commodity trading and risk management consultancy. Go deeper
• FTV Capital invested in wealth manager Kingsview Partners. Go deeper
• TMF Group, backed by CVC Capital Partners, acquired Navigator Partners, a Helsinki-based fund administrator. Go deeper
• Vistria Group agreed to buy a majority stake in Curi Capital, a Chicago-based RIA with over $14b in assets under advisement. Go deeper
Public offerings
• Haymaker Acquisition V, a SPAC led by Christopher Bradley (Mistral Equity), filed for a $250m IPO. Go deeper
• Live Oak Acquisition VI, a SPAC formed by Live Oak Merchant Partners, filed for a $200m IPO. Go deeper
Liquidity events
• Vista Equity Partners is weighing a sale of Allvue Systems, a Coral Gables, Fla.-based data provider for asset managers and credit investors that could fetch up to $3b (including debt), per Reuters. Go deeper
More M&A
• BitGo (NYSE: BTGO) acquired the institutional trading business and related assets of NYDIG. Go deeper
• Nexa Lending acquired Philadelphia-based brokerage UMortgage. Go deeper
• Virtu Financial (NYSE: VIRT) is weighing a sale of its agency brokerage and tech unit for between $3.5b and $4b, per Bloomberg. Go deeper
• YipitData, a data provider for alternative investments, hired Goldman Sachs to find a buyer for between $2.5b and $3b, per PrivateEquityWire. It's raised over $500m from firms like Carlyle and Norwest. Go deeper
It's Personnel
• David Fishman is leaving BofA to join JPMorgan as a vice chair and head of North American tech M&A. He succeeds Vineet Seth, who becomes vice chair of investment banking. Go deeper
• David Shim joined Lincoln International as a director of capital advisory. He previously was with Houlihan Lokey. Go deeper
• Jason Fiedler has stepped down as a managing partner at Left Lane Capital, where he remains a venture adviser. Go deeper
• Julia White joined law firm Cooley as an SF-based capital markets partner. She was previously at Goodwin Procter. Go deeper
• Paul Murphy, former CEO of Cadence Bank, joined LDR Partners as a partner. Go deeper
• Russell Mason joined Moelis & Co. as a managing director of capital structure advisory. He previously was with Houlihan Lokey. Go deeper
