Jul 23, 2024
Venture Capital
GenAI startup Cohere secured $500M in funding at a $5.5B valuation, with investments from Cisco, AMD, and Fujitsu.
German tech rental platform Grover raised $55.6M in a funding round from Cool Japan Fund and others.
Lithuanian crowdfunding platform Finbee Verslui raised $37.8M, led by Pollen Street Capital.
Linx Security, an AI-driven identity management startup, raised $33M across two rounds led by Index Ventures and Cyberstarts.
Egyptian fintech Dopay raised $13.5M in a Series A round led by Argentem Creek Partners.
CarbonBlue, a startup specializing in water-based CO2 removal technology, secured $10M in seed funding led by Ibex Investors and FreshFund.
Fragment, a digital ledger API, raised $9M in seed funding from Stripe, BoxGroup, and others.
Heeler Security, an application security startup, secured $8.5M in seed funding led by Norwest Venture Partners.
Private Equity
PE firm L Catterton has made an acquisition offer for $6.6B-listed toy maker Mattel.
Manufacturing firm Terex agreed to acquire Dover’s garbage-truck manufacturing business in a $2B all-cash deal.
L Catterton acquired a stake in luxury outlet operator Value Retail from UK shopping center landlord Hammerson in a $1.9B deal.
Fairfax Financial will acquire retailer Sleep Country Canada in a $1.2B cash deal.
Australia's Woodside Energy agreed to acquire US LNG developer Tellurian for $1.2B, including debt.
Natural gas compression provider Archrock agreed to acquire Total Operations and Production Services from Apollo for $983M.
Agilent Technologies agreed to acquire CDMO BIOVECTRA for $925M.
Japan's Yokohama Rubber will acquire Goodyear's OTR tire business for $905M.
Ex-UK finance minister Nadhim Zahawi is assembling a $776M bid for The Daily Telegraph.
French PE firm Ardian acquired a majority stake in Italian biotech Masco in a $762M deal.
PE firm Stonepeak will buy New Zealand aged care provider Arvida Group for $746M, excluding debt.
QXO, a construction-materials distribution business, raised $620M in a private placement and appointed Jared Kushner as an independent director.
PE firms Verlinvest and Mistral Equity Partners acquired a majority stake in Insomnia Cookies for $127M.
UPS will acquire Mexican delivery firm Estafeta.
Amazon acquired UK-based Bray Film Studios.
New York Life Investment Management acquired six muni funds with $1.2B total AUM from Aquila Investment Management.
IPO
Vodafone sold a 10% stake in Europe's Vantage Towers for $1.4B.
Latvian carrier AirBaltic's potential H2 IPO may face delays.
French media giant Vivendi plans to list its Canal+ broadcasting business in London and its Havas advertising agency in Amsterdam.
Anglo American Platinum is considering a second listing in London following its spinoff from miner Anglo American.
New Funds
ICONIQ Capital raised approximately $5.8B for its seventh venture fund.
European credit specialist AlbaCore Capital is seeking to raise over $2.2B for a new senior direct-lending fund.