Illustration: Allie Carl/Axios
Venture Capital
• Basecamp Research, a Cambridge, Mass.-based developer of AI models for therapeutic design, raised $140m in Series C funding. S32 led, joined by Anthropic, Catalio, European Tech Collective, Firebrand River Capital, Inception Fund, King Philanthropies, NATO Innovation Fund, Nvidia, PostScriptum, Redalpine, The Rockefeller Foundation, Singular, Sovereign AI, and True Ventures. Go deeper
🚑 HighLife SAS, a French developer of transcatheter treatments for heart diseases, raised $90m from Andera Partners, Sofinnova Partners, Supernova Invest, Mérieux Equity Partners, European Investment Bank, BNP Paribas Développement, Capricorn Partners, Critical Path Ventures, Pro Benefis Familiae, and SPRIM Global Investments. Go deeper
🌎 Ultraviolette, an Indian developer of EV platforms, raised $85m. Yali Capital and TDK Ventures led, joined by Lip Bu Tan. Go deeper
• Pilgrim, a Redwood City, Calif.-based biological threat detection platform, raised $25m at a $150m valuation led by Buckley Ventures. Go deeper
🚑 UltraSight, a Boston-based developer of cardiac workflows, raised $24m in Series B2 funding. Alive HealthTech Growth Fund led, joined by Deep Insight, Star51 Capital, Connecticut Innovations, eHealth Ventures, Mayo Clinic Ventures, NYU, and Iron Nation. Go deeper
• Soteris, an SF-based platform for the P&C insurance industry, raised over $8m in seed funding. Spider Capital led, joined by Intact Private Capital, Amplify Partners, DCVC, the Webb Investment Network, Overlook Ventures, Clocktower Ventures, and Foundation Capital. Go deeper
• Fearn, an SF-based patent drafting and prosecution platform, raised $5.5m from Kindred Ventures, a16z Speedrun, Designer Fund, and Essence VC. Go deeper
Private Equity
🌎 Copeland, a Blackstone portfolio company, acquired Addison, Ill.-based environmental monitoring and compliance firm Dickson from May River Capital. Go deeper
• Ember Infrastructure Management offered to acquire British subsea tech company Ashtead Technology (LSE: ATAS) for about £498m. Go deeper
🚑 Forge, backed by Apollo, acquired Becker's Healthcare, a Chicago-based health care industry events business, from Pamlico Capital. Go deeper
🚑 Haelan Capital invested in NuView Health, a Boca Raton, Fla.-based virtual care provider. Go deeper
⚡️ LLR Partners invested in EnergyCAP, a Boalsburg, Pa.-based utility and energy management platform backed by Resurgens Technology Partners. Go deeper
• WSB, a GHK Capital Partners portfolio company, acquired Poly, a Dothan, Ala.-based architecture and engineering firm. Go deeper
M&A
• MoonPay, a VC-backed fintech, is buying North Capital, a Utah-based private markets infrastructure platform. Go deeper
Fundraising
• Bessemer Venture Partners raised $4b for a new growth fund and $1.75b for a new seed and early-stage fund. Go deeper
• Ibex Investors raised $87m for an Israel-focused fund specializing in secondary investments. Go deeper
Debt
• MyComplianceOffice, an NYC-based compliance management software developer, secured $100m in debt from Accel-KKR Credit Partners. Go deeper
