VENTURE DEALS
- Xaira Therapeutics, a San Francisco-based developer of AI technologies designed for drug discovery and development, raised $1 billion in funding. ARCH Venture Partners and Foresite Labs led the round and were joined by F-Prime, NEA, Sequoia Capital, Lux Capital, Lightspeed Venture Partners, Menlo Ventures, Two Sigma Ventures, and others.
- Tines, a Boston, Mass. and Dublin, Ireland-based platform workflow builder for technical teams, raised $50 million in a Series B extension. Accel and Felicis led the round and was joined by Addition, CrowdStrike Falcon Fund, and SVCI.
- Nagomi Security, a New York City-based proactive security platform for cybersecurity teams, raised $30 million in funding. TCV led the round and was joined by CrowdStrike Falcon Fund, Okta Ventures, and others.
- Framework, the San Francisco-based developer of the Framework laptop, raised $17 million in Series A-1 funding. Spark Capital led the round and was joined by Buckley Ventures, Anzu Partners, Cooler Master, and Pathbreaker Ventures.
- BforeAI, a New York City and Montpellier, France-based predictive security platform, raised $15 million in Series A funding. SYN Ventures led the round and was joined by Karma VC, Karista, Addendum Capital, and the Partnership Fund for New York City.
- Turnkey, a New York City-based developer of secure wallet infrastructure for crypto wallets, raised $15 million in Series A funding. Lightspeed Faction and Galaxy Ventures led the round and were joined by Sequoia, Coinbase Ventures, Alchemy, Figment Capital, and Mirana Ventures.
- Outpost, an Austin, Texas-based network of managed semi-truck parking facilities, raised $12.5 million in Series A funding. GreenPoint Partners led the round and was joined by Speedwagon Capital Partners.
- Summer Health, a New York City-based text-based pediatric care platform for families, raised $11.7 million in Series A funding. Alyssa Jaffee at 7wire Ventures and Deena Shakir of Lux Capital led the round and were joined by Sequoia Capital and Metrodora Ventures.
- Prophet Security, a Palo Alto, Calif.-based AI-powered security operations platform, raised $11 million in seed funding. Bain Capital Ventures led the round and was joined by others.
- Octomind, a San Francisco and Karlsruhe, Germany-based AI-powered web testing platform, raised $4.8 million in funding. Cherry Ventures led the round and was joined by angel investors.
- Amplifier Security, an Atlanta, Ga. and San Francisco-based AI-powered security pilot, raised $3.3 million in pre-seed funding. Cota Capital led the round and was joined by Westwave Capital, Shift Left Ventures, and angel investors.
- UserHub, a New York City-based billing platform designed for B2B SaaS businesses, raised $3.2 million in pre-seed funding. 468 Capital led the round and was joined by Mischief Capital, Tokyo Black, GTMfund, Lorimer Ventures, Nomad Cap, and Alumni Ventures.
- Bump, a Los Angeles, Calif.-based wealthtech and financing platforms designed for creators, raised $3 million in seed funding from Impact X Capital, Capitalize VC, Serac Ventures, Tristan Walker’s Heirloom Ventures, Plug and Play, Symphonic Capital, Gaingels, and others.
- Sorted, a London, U.K.-based recycling tech business, raised £1.7 million ($2.1 million) in seed funding. Pi Labs led the round and was joined by Archipelago Ventures, Circular Plastics Accelerator, Conduit Connect, Antler, and angel investors.
- Keep Company, a Bethesda, M.D.-based employer-offered benefit designed to prevent burnout and attrition for working parents and caregivers, raised $1.4 million in funding from Techstars, Idea Fund Partners, VEST Her Ventures, 100KM, Pixel Perfect Ventures, and TEDCO.
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PRIVATE EQUITY
- Celebrity Coaches, backed by Allied Industrial Partners, acquired Moonstruck Leasing, a Nashville, Tenn.-based entertainment coach leasing company. FInancial terms were not disclosed.
- General Atlantic led a minority investment in LiveMode, a São Paulo, Brazil-based distribution solutions, content creation, and revenue generation partner for sports entities. They were joined by XP Private Equity. Financial terms were not disclosed.
- MidOcean Energy, backed by EIG, acquired a 20% stake in Peru LNG, a San Isidro, Peru-based liquified natural gas company. Financial terms were not disclosed.
EXITS
- Gamut Capital Management agreed to acquire DEX Imaging, a Tampa, Fla.-based provider of printers, copiers, and other office technology, from Staples, backed by Essling Capital, HarbourVest Partners, and Sycamore Partners Management. Financial terms were not disclosed.
- PAI Partners agreed to acquire a majority stake in Audiotonix, a Surrey, U.K.-based provider of professional audio mixing console and ancillary products market, from Ardian. Financial terms were not disclosed.
- Thunes agreed to acquire Tilia, a San Francisco-based provider of payment solutions for online games, virtual worlds, creator economies, and in-app purchases, from Linden Lab, backed by Waterfield Group. Financial terms were not disclosed.
OTHER
- JD Sports agreed to acquire Hibbett (NASDAQ: HIBB), a Birmingham, Alabama-based sports fashion retailer, for approximately $1.1 billion.
- Descartes (NASDAQ: DSGX) acquired Aerospace Software Developments, a Dublin, Ireland-based provider of customs and regulatory compliance software for logistics companies and shippers, for $61 million.
IPOS
- Viking Holdings, a Pembroke, Bermuda-based cruise line, plans to raise up to $1.1 billion in an offering of 44 million shares priced between $21 and $25 on the New York Stock Exchange. The company posted $4.7 billion in revenue for the year ending December 31, 2023. Viking Capital Limited, Canada Pension Plan Investment Board, and TPG.
FUNDS + FUNDS OF FUNDS
- Vestar Capital Partners, a New York City-based private equity firm, raised a $1.2 billion continuation fund vehicle for its stake in Circana, a Chicago, Ill.-based market research firm.
PEOPLE
- Anzu Partners, a Washington, D.C.-based venture capital firm, promoted Patrick Harrington, Kyle McQuighan, and Wendy Papakostandini to principal.
- CoVenture Management, a New York City and Miami, Fla.-based alternative asset management firm, promoted Michael Breitstein to partner.
- Diagram, a Montreal, Quebec-based venture capital firm, hired Vanessa Karras as a principal. Formerly, she was with McKinsey & Company.
- Lead Edge Capital, a New York City and Santa Barbara, Calif.-based growth equity firm, hired Aaron Darr as a principal. Formerly, he was with A&M Capital.
- Playground VC, a Palo Alto, Calif.-based venture capital firm, promoted Justin Ernest to principal and Rahul Meka to senior associate