VENTURE DEALS
- Ramp, a New York City-based fintech platform focused on corporate cards and expenses, closed a $150 million Series D-2 round. Khosla Ventures and Founders Fund led the round, with participation from new investors Sequoia Capital, Greylock, and 8VC.
- NeuBird, a San Mateo, Calif.-based developer of AI software designed to help IT, DevOps, and site reliability ops teams identify and resolve software and infrastructure issues, raised $22 million in seed funding from Mayfield.
- Xfactor.io, a San Francisco, Calif.-based AI-powered revenue platform designed for B2B organizations, raised $16 million in Series A funding. Accel and Xfactor.io CEO and founder Mike Carpenter led the round and was joined by Lightspeed and others.
- Clazar, a San Francisco-based platform designed to help software businesses sell on cloud marketplaces like Amazon Web Services and Azure, raised $10 million in Series A funding. Ridge Ventures and Ensemble VC led the round, with participation from Saurabh Gupta, Managing Partner at DST Global, and existing investors The General Partnership and Twin Ventures.
- The Rights, a Montclair, N.J.-based music sync clearance platform, raised $7.5 million in funding from Spyglass Media Group, Endeavor Entertainment, Borderless Capital, Algorand, Grit Capital Partners, and others. The company was created out of a recent merger between The Rights and Dequency.
- Usual Labs, a Paris, France-based DeFi startup and developer of the USD0 stablecoin, raised $7 million in funding. IOSG Ventures and Kraken Ventures led the round and was joined by GSR, Mantle, StarkWare, Flowdesk, Avid3, and others.
- Momentick, a Tel Aviv-based emissions data platform, raised $6.5 million in seed funding. Chartered Group Japan and TAU Ventures led the round and were joined by others.
- Diagon, a San Francisco, Calif.-based sourcing platform for manufacturing equipment, raised $5.1 million in seed funding. The Westly Group led the round and was joined by Valia Ventures, Techstars, Foster Ventures, Foxe Capital, Anthemis Group, and others.
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PRIVATE EQUITY
- Meet The People, backed by Innovatus Capital Partners, acquired True Independent Holdings, a Columbia, Mo.-based media marketing group and owner of the True Media, Coegi, and RADaR media agencies. Financial terms were not disclosed.
- Precision Pipeline, backed by MPE Partners, acquired SabCon Underground, a Winter Haven, Fla.-based provider of repair, installation, and maintenance services for natural gas companies. Financial terms were not disclosed.
EXITS
- Incline Equity Partners acquired a minority stake in VMG Health, a Dallas, Texas-based health care advisory firm, from Northlane Capital Partners. Financial terms were not disclosed.
IPOS
- Loar Holdings, a White Plain, N.Y.-based manufacturer of niche components for aircraft and aerospace and defense systems, plans to raise up to $286 million in an offering of 11 million shares priced between $24 and $26 on the New York Stock Exchange. The company posted $317 million in revenue for the year ending December 31, 2023. Abrams Capital Management, GPV Loar, Blackstone Alternative Credit Advisors, Dirkson Charles, and Brett Milgrim back the company.
- Centuri Holdings, a Phoenix, Ariz.-based provider of infrastructure services to energy and utility firms, raised $260 million in an offering of 12.4 million shares priced at $21 on the New York Stock Exchange. The company posted $2.9 billion in revenue for the year ending December 31, 2023.
PEOPLE
- Arsenal Capital Partners, a New York City-based private equity firm, hired Raymond H. Hill as an operating partner. Formerly, he served as chairman and CEO of CorEvitas.
- Headline, a San Francisco-based venture capital firm, promoted Taylor Brandt and Jacob Conger to principals.
- One Rock Capital Partners, a New York City-based private equity firm, hired Sudeep Shetty as an operating partner. Formerly, he served as chief information & transformation officer at Britvic Soft Drinks.
- Performance Equity Management, a Greenwich, Conn.-based private equity investment firm, hired Anita Sonawane as a principal and Sarah Condon as a senior associate. Formerly, Sonawane was with Bessemer Trust and Condon was with Goldman Sachs.
- Permira, a London, U.K.-based private equity firm, hired Steve Goldberg as an executive in residence. Formerly, he served as chief revenue officer at Salesloft.