Jul 17, 2024
Venture Capital
Botrista, a data-driven automated beverage platform, secured $120M in Series C funding led by JFC.
OCN, a fintech company providing financial services for gig workers, raised $86M in a round led by Caravela Capital, Collide Capital, and Great North Ventures.
Huma, a healthcare AI startup, garnered $80M in Series D funding from AstraZeneca, Hitachi Ventures, and others.
DreamBig, an AI chiplet platform for inference and training, raised $75M in Series B funding led by Samsung Catalyst Fund and the Sutardja Family.
LevelTen Energy, a provider of transaction infrastructure for the energy transition, raised $65M in Series D funding led by B Capital.
DataCore, an edge data management platform, secured $60M in funding led by Vistara Growth.
One Data, a data management startup, raised a $36.7M Series B extension led by Vsquared Ventures, Molten Ventures, and HV Capital.
Infinitum, a creator of sustainable air-core motors, extended its Series E with $35M from Marunouchi Innovation Partners and Rice Investment Group.
Vectara, a GenAI product platform, raised $25M in Series A funding led by FPV Ventures and Race Capital.
Heimdall Power, a startup optimizing power grids for utilities, secured $25M in Series B funding led by Orlen and NRP Zero.
Cubbit, a geo-distributed cloud storage startup, raised $12.5M in a round led by LocalGlobe and ETF Partners.
Namma Yatri, an Indian ridesharing startup, secured $11M in pre-Series A funding led by Blume Ventures and Antler.
Mira, a decentralized infrastructure platform for AI, raised $9M in seed funding led by BITKRAFT Ventures and Framework Ventures.
itselectric, an EV curbside charging startup, raised $6.5M in seed funding led by Failup Ventures and Uber.
Private Equity
Blackstone, CVC, and Veritas are considering bids for Carlyle-backed aircraft maintenance provider StandardAero, potentially valuing the company at ~$10B, including debt.
Verizon is exploring the sale of 5,000 to 6,000 mobile-phone towers across the US, which could fetch over $3B.
Malaysian telecom Maxis is contemplating buying out mobile telecom provider U Mobile, which is seeking a $2.1B valuation.
KBR has agreed to acquire defense engineering contractor LinQuest from PE firm Madison Dearborn Partners in a $737M cash deal.
Blue Owl Capital has agreed to purchase $10B AUM credit manager Atalaya Capital Management for up to $800M in cash and stock.
UK scientific instruments maker Spectris has agreed to acquire US-based Micromeritics Instrument for $630M.
IPO
Cold storage REIT Lineage is seeking to raise $3.85B at a $19.2B valuation in its US IPO.
Trump Media has agreed to a $2.5B equity issuance from investment firm Yorkville Advisors.
Indian mining company Vedanta is planning to raise $1B through an upsized share sale.
Indian billionaire Gautam Adani and Wilmar International are in talks to sell a 13% stake in their consumer JV, Adani Wilmar, valued at $670M.
SoftBank-backed Indian e-scooter maker Ola Electric's India IPO is expected to achieve a $4.5B valuation.
Philippine casino operator Hann is aiming to raise approximately $200M in a local IPO.
Abu Dhabi National Hotels has selected Morgan Stanley and First Abu Dhabi Bank for an IPO of its catering unit.
SymphonyAI, a predictive AI enterprise SaaS company, is preparing for an IPO in the second half of 2025.
Swedish fintech Klarna is arranging banks for a highly anticipated US IPO.
New Funds
Goldman Sachs is establishing an open-ended fund focused on the Middle East.