Applied Intuition Secures $200M Secondary Sale Led by Fidelity, Following $250M Series E Round

Venture Capital

• Applied Intuition, a Mountain View, CA-based startup specializing in software tools for autonomous vehicles and driver-assistance systems, secured a $200 million secondary sale led by Fidelity, just four months after a $250 million Series E round.

• Chainguard, a Kirkland, WA-based startup focused on securing the software supply chain for open-source software users, raised $140 million in a Series C round. Redpoint Ventures, Lightspeed Venture Partners, and IVP co-led, with Amplify, Mantis VC, Sequoia Capital, and Spark Capital also participating.

• Kestra Medical Technologies, based in Kirkland, WA, which develops wearable defibrillators for patients at risk of sudden cardiac arrest, raised $196 million. Andera Partners, Ally Bridge Group, Longitude Capital, and Omega Funds co-led, with T. Rowe Price, Eventide Asset Management, and Gilmartin Capital participating. Total funding now stands at $496 million.

• Micropep, a French startup using tiny proteins for safer and more efficient pesticides, raised $429 million in a Series B round. Zebra Impact Ventures and BPI Green Tech Investment co-led, with Fall Line Capital, FMC Ventures, and Sofinnova Partners also involved.

• Payt, a Dutch company offering accounts receivable management software, raised $59.7 million, led by Partech.

• Addionics, a London-based startup enhancing battery performance and lifespan through internal structure improvements, raised $39 million in a Series B round co-led by GM Ventures and Deep Insight, with Scania also contributing.

• Archera, a Seattle-based startup helping companies manage cloud costs and secure discounts without long-term commitments, raised $17 million in a Series B round led by HighSage Ventures, with Ridge Ventures, Amplify Partners, and PSL Ventures also participating. Total funding is $27.5 million.

• Bunch, a Berlin-based startup that assists fund managers, investors, and founders in managing investment vehicles, raised $15.5 million in a Series A round led by FinTech Collective. Total funding is $22 million.

• Deepc, a Munich-based startup enhancing radiology workflows with AI tools, raised $13 million in a Series A extension. Sofinnova Partners and Bertelsmann Investments co-led, with KHP Ventures, SwissHealth Ventures, and Winning Mindset Ventures participating.

• Jarvis, a London-based startup offering tools for tracking contributions, managing investments, and ensuring pension compliance, raised $2.3 million in a seed round co-led by Ascension VC and Cornerstone VC, with Tokio Marine Future Fund also participating.

• Powder, a Los Altos, CA-based wealth and investment management platform founded this year, raised $5 million in a seed round with Y Combinator, General Catalyst, Funder’s Club, Elefund, and Litquidity Ventures investing.

Private Equity

• KKR will acquire edtech company Instructure for $4.8 billion, including debt.

• Hedge fund Standard General will acquire casino and gaming company Bally's Corporation in a $4.6 billion deal, including debt.

• Apollo will acquire UK parcel delivery company Evri from PE owner Advent International for approximately $3.5 billion.

• Oilfield services firm Helmerich & Payne will acquire UK peer KCA Deutag International for $1.97 billion in cash.

• Indian drugmaker Mankind Pharma will acquire Bharat Serums and Vaccines in a $1.6 billion deal, including debt.

• Non-bank mortgage originator Mr. Cooper will acquire NYCB's residential mortgage servicing business for $1.4 billion.

• Oil company Permian Resources is in talks to acquire Occidental Petroleum's assets in the Barilla Draw region of Texas for approximately $1 billion.

• Singaporean offshore wind farm operator Cyan Renewable acquired MMA Offshore for $726 million in cash.

• French advertising giant Publicis Groupe will acquire marketing brokerage Influential for $500 million.

IPO

• Adani Energy Solutions is considering raising $597 million through a share sale.

• Concentra, Select Medical’s occupational health services provider, fell 6% in its trading debut after a $529 million IPO.

• Latam Airlines raised $456 million in its US IPO.

New Funds

• Bill Ackman’s Pershing Square's IPO of a closed-end fund is set to raise $2.5 billion to $4 billion, significantly less than the originally planned $25 billion.

• Galaxy Asset Management raised $113 million for a new crypto VC fund.