Illustration: Sarah Grillo/Axios
Venture Capital
• Euclyd, a Dutch chipmaker, raised over €200m in Series A funding from Samsung Electronics, Somerset Capital Partners, and Scaleup Europe Fund. Go deeper
• Factory, an SF-based AI coding startup, raised $200m at a $5b valuation from Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital, Sound Ventures, NEA, Mantis VC, and Clearlake. Go deeper
• Thatch, a health benefits company, raised $108m in Series C funding at a $1b valuation from The General Partnership, Index Ventures, Scale Venture Partners, General Catalyst, and a16z. Go deeper
• Delos Data, a Palo Alto, Calif.-based semiconductor and software startup, raised more than $100m from Matrix, Playground, Socratic Partners, Capricorn, Matter Venture Partners, and IAG. Go deeper
⚡️ Polaris Electro-Optics, an optical interconnects developer, raised $50m. Walden Catalyst Ventures led, joined by Socratic Partners, Cambium Capital, Knollwood and Hudson River Trading, Koch Disruptive Technologies, M Ventures, Rhapsody Venture Partners, Buff Gold Ventures, and Blue Sky Capital. Go deeper
• Fin, an NYC-based financial infrastructure company, emerged from stealth with a $20m seed round. Expa led, joined by Coinbase Ventures, Tenet Fund, and Second Sight Ventures. Go deeper
🚑 ReEmerge, an Edina, Minn.-based cognitive impairment medtech startup, raised $37m in Series A funding. USVP and Santé led, joined by Oxford Sciences Enterprises, 415 Capital, IAG Capital Partners, the Vertical Group, and Dendrion Ventures. Go deeper
• Keewano, an Israeli database startup, raised $12m in seed funding. Hetz Ventures led, joined by a16z speedrun, Remagine Ventures, and DIG Ventures. Go deeper
• Eve Security, an Austin, Texas-based runtime security startup, raised $4.5m. Run Ventures led, joined by Dreamit Ventures, Blu Ventures, and LiveOak Ventures. Go deeper
Private Equity
• Brookfield is reportedly recapitalizing Center Parcs, a U.K.-based park operator, which will value the company at around $6 billion. New backers include the Australian Retirement Trust and Mercer Super. Go deeper
🚑 Centauri, an Abry Partners portfolio company, acquired Benny the Benefits Navigator, an Iowa-based platform for streamlining public benefits applications. Go deeper
• Vortex, a Quad-C Management portfolio company, acquired CLH & Son, an Auburn, Maine, infrastructure contractor. Go deeper
• Verlinvest agreed to invest in HomeExchange, an NYC-based home-swapping platform. Go deeper
M&A
• Arthur J Gallagher & Co. (NYSE: AJG) acquired McMillan Insurance & Bonding (dba Innovise Business Consultants), an Englewood, Colo.-based commercial insurance brokerage. Go deeper
• Becklin Holdings acquired Chief Avionics, a Grants Pass, Ore.-based avionics repair services company. Go deeper
• DoorDash (Nasdaq: DASH) will pay $300m to buy GrubHub Campus Dining from Wonder and invested $125m in the food technology platform's Series D, as part of a broader partnership. Go deeper
• Hawk Ridge Systems, a Mountain View, Calif.-based engineering and manufacturing tech company, bought the manufacturing division of South Carolina's TPM. Go deeper
• Waystar (Nasdaq: WAY) hired Evercore and Barclays to advise on a potential sale process, per Reuters. Go deeper
Public Listings
• Oceanhawk Acquisition II, a SPAC formed by investment firm OceanHawk, filed for a $150m IPO. Go deeper
• Syngenta, a Swiss seeds and pesticides giant owned by China National Chemical, filed confidentially for a Hong Kong IPO that could raise around $5b, per Bloomberg. Go deeper
Liquidity
⚡️ Ichthys Energy Partners, backed by Post Oak Energy Capital, sold part of its Permian Basin assets to multiple buyers. Go deeper
It's Personnel
🚑 Ed Jones joined RoundTable Healthcare Partners as an operating partner. He previously was president and CEO of HealthTrust Performance Group. Go deeper
