Aug 1, 2024
Venture Capital:
Boost Insurance, an infrastructure platform catering to MGAs and digital insurance providers, secured $40M in funding from BHMS.
Spring Health, a mental health platform for employers and health plans, raised $100M in a Series E round led by Generation Investment Management, pushing its valuation to $3.3B.
Ema, a GenAI startup, secured $36M in a Series A round led by Accel and Section 32.
Graphyte, a leader in durable carbon removal technology, raised $30M in a Series A round led by Prelude Ventures and Carbon Direct Capital.
Checkly, a platform for developers to monitor software development tasks, raised $20M in a Series B round led by Balderton Capital.
Onepak, a digital supply chain and reverse logistics platform, raised $20M in funding from Nuveen.
Lightrun, an AI debugger startup, secured $18M through a SAFE round with investments from GTM Capital and Glilot Capital.
Sybill, an AI assistant for sales professionals, raised $11M in a Series A round led by Greycroft.
Layer2 Financial, a regulated payments infrastructure startup, secured $10.7M in a Series A round led by Galaxy Ventures.
Tezi, an AI-driven hiring assistant for managers, raised $9M in seed funding led by 8VC and Audacious Ventures.
Shot Scope, a golf improvement startup, raised $8.5M in a Series B round led by Guinness Ventures.
Private Equity:
Paramount Global and its parent, National Amusements, received a dubious $43B bid from Apex Capital Trust.
Astorg, a PE firm, is considering selling its fund services business IQ-EQ, which could be valued at $4.3B.
Marcum, an accounting firm, plans to acquire the US’s only listed accountancy, CBiz, in a $2.3B cash and stock deal.
Bain, Cinven, Blackstone, and others are contemplating a $2.2B bid for Forgital, an Italian aerospace components manufacturer owned by Carlyle.
Eurazeo, a PE firm, is exploring the sale of its supply-chain SaaS firm Elemica for over $1B.
Société Générale acquired a 75% stake in energy-focused asset manager Reed Management and plans to invest $270M into the company.
Kylian Mbappé's Interconnected Ventures is set to acquire a majority stake in the Ligue 2 football club Stade Malherbe Caen from Oaktree.
Dolce & Gabbana is reportedly seeking a minority investor rather than pursuing an IPO.
Bending Spoons, an Italian mobile app developer, has acquired Dutch file-sharing service WeTransfer.
IPO:
Bill Ackman has withdrawn plans to IPO Pershing Square's US fund.
IQE, a UK chip components manufacturer, is considering an IPO for its Taiwanese unit in Taiwan.
Fidelidade, an insurer controlled by China’s Fosun, is exploring an IPO for its Portuguese hospital operator unit, Luz Saúde.
New Funds:
Ares raised $15B as part of its record $34B third private credit fund.