Jul 30, 2024
Venture Capital
Flo Health, a fertility tracking app, secured $200M in a Series C funding round, pushing its valuation beyond $1B, with General Atlantic leading the round.
Gradient AI, a company offering AI-driven solutions for insurance firms, raised $56.1M in its Series C round, led by Centana Growth Partners.
Type One Energy, a startup focused on building a fusion reactor, extended its seed funding by $53.5M, with Breakthrough Energy Ventures taking the lead.
Rhombus, a cloud-based physical security company, successfully raised $45M in Series C funding, led by NightDragon.
FAYE, a travel insurance startup, raised $31M in a Series B funding round, spearheaded by Portage.
Axiad, an identity-first enabler of zero-trust enterprises, secured $25M in funding from Invictus Growth Partners.
Perchwell, a modern data and workflow platform for residential real estate, raised $25M in a Series B round led by Lux Capital.
Credo AI, a SaaS platform for AI governance, raised $21M from investors including CrimsoNox Capital, Mozilla Ventures, and FPV Ventures.
Intelmatix, an AI startup serving businesses in the MENA region, secured $20M in a Series A round led by Shorooq Partners.
Lineaje, a software supply chain security management platform, raised $20M in Series A funding, led by Prosperity7, Neotribe, and Hitachi Ventures.
Tset, a carbon accounting software startup, secured $13.9M in Series A funding from Carbon Removal Partners, Brose Ventures, and Ingenics.
Monto, an AI connector for ERP systems, raised $9M in seed funding, with Scale Venture Partners leading the round.
Powder, a startup providing AI agents for precise document analysis, raised $5M in a seed round with participation from Litquidity, YC, General Catalyst, and others.
FranShares, a platform enabling users to invest in franchises, raised $4.2M in a seed round led by Chicago Ventures.
Private Equity
Tenable, a publicly listed cybersecurity firm valued at $5.6B, is exploring a potential sale after receiving takeover interest.
Vista Outdoor is now considering a sale of its outdoor sporting gear business, Revelyst.
Edgar Bronfman Jr., the former Warner Music chair, is in discussions to bid for National Amusements, the parent company of Paramount Global.
Blackstone is in preliminary talks to acquire Retail Opportunity Investments, a REIT with a market cap of $2B.
Private credit giant HPS Investment Partners will acquire Chorus Aviation's regional aircraft leasing business for $1.4B, including debt.
Indigenous communities are set to acquire a 5.3% stake in TC Energy's Canadian natural gas pipeline system for $722M.
Canva is planning to acquire the image generation startup Leonardo.ai.
AI finance firm Pagaya Technologies has agreed to purchase the ML-enabled asset manager Theorem Technology.
Viaro Energy has reached an agreement to acquire North Sea gas field assets from Shell and Exxon.
AXA IM has agreed to acquire a 20% stake in Rivage Investment, an infrastructure lender with $8.3B in assets under management.
EQT is exploring the sale of the U.S. operations of Spanish amusement park operator Parques Reunidos.
IPO
Specialty Building Products, a construction products firm, is aiming to raise $750M through a U.S. IPO.
99 Speed Mart Retail, Malaysia's leading mini-market chain, plans to raise $509M in a September IPO, marking the country's largest listing in seven years.
New Funds
Pershing Square is planning an IPO for a U.S. closed-end fund, expected to raise $2B.
RBC BlueBay Asset Management is aiming to raise $300M for an emerging markets private credit fund.
European growth equity firm Kennet has raised $288M for its sixth fund, targeting investments in B2B SaaS companies.