Jun 11, 2024
Venture Capital
Amber Therapeutics, a three-year-old London startup, raised a $100 million Series A round led by NEA, with additional participation from F-Prime Capital, Lightstone Ventures, and Intuitive Ventures, as well as previous investors Oxford Science Enterprises and 8VC.
Space Pioneer, a five-year-old Beijing startup developing reusable rockets, raised a $207 million Series C extension round with investors including Wuxi Chuangfa, CCTV Fund, CITIC, Hefei Ruicheng, SDIC Taikang, Bohua Capital Management, Guoyu Gaohua, and Deyue Investment.
Anterior, a two-year-old New York startup that developed an AI tool for handling various administrative workflows for healthcare professionals, raised a $20 million Series A round at a $95 million post-money valuation led by NEA, with previous investors Neo and Sequoia Capital also participating.
Relay, a Raleigh, NC-based startup providing hardware and cloud software for real-time communication and safety alerts for frontline workers, raised a $35 million Series B round led by G2 Venture Partners, with previous investors Wind River Ventures and Sovereign's Capital also contributing.
Stake, a four-year-old Dubai startup with a platform that allows users to buy shares in income-generating properties for as little as AED 500 (≈ $136), raised a $14 million Series A round led by Middle East Venture Partners, with Wa’ed Ventures and Republic also participating. The company has raised a total of $26 million.
ARX Robotics, a three-year-old Munich startup building autonomous robots for defense and commercial use cases, raised a $9.7 million seed round led by NATO Innovation Fund, with Discovery Ventures and Project A Ventures also participating.
Kelvin, a one-year-old Paris startup using AI to provide energy efficiency recommendations for home renovations, raised a $5.1 million round led by Racine², with Bpifrance, Seedcamp, Raise Capital, Kima Ventures, and Motier Ventures also participating.
Squads Labs, a crypto startup claiming its smart wallet helps users securely manage their digital assets, raised a $10 million Series A round led by Electric Capital, with RockawayX, Coinbase Ventures, L1 Digital, and Placeholder also participating.
Tomato.ai, a two-year-old Danville, CA-based startup developing an AI-powered voice filter to improve the intelligibility of call center agents' speech, raised a $2.1+ million seed extension round with investors including Gaingels, Cardumen Capital, and Recursive Ventures.
Visibly, a three-year-old London startup providing training and compliance management for employees in infrastructure sectors like construction and utilities, raised a $7.5 million round led by Creandum, with previous investors Seedcamp, Brighteye Ventures, and Triple Point also participating.
Private Equity
Stonepeak-owned container firm Textainer is in advanced talks to acquire Seaco, a peer company, from the failed Chinese conglomerate HNA Group for approximately $5 billion, including debt.
Apollo Global and IBM's IT spinoff Kyndryl are negotiating a joint bid to acquire IT company DXC Technology, which has a market cap of $3.3 billion.
Vista Outdoor has rejected a sweetened takeover offer exceeding $3 billion from investment firm MNC Capital.
Billionaire Hildebrand’s family office, JDH Capital, is leading a $2 billion cash takeover bid for Vista Outdoor’s ammunition unit, Kinetic.
Media executive Edgar Bronfman Jr. and Bain Capital are contemplating a bid exceeding $2 billion for National Amusements, the parent company of Paramount Global.
Offshore rig contractor Noble plans to acquire its smaller rival, Diamond Offshore Drilling, in a $1.6 billion cash-and-stock deal.
Blackstone and Mexican developer MRP Group have joined a bidding war for industrial REIT Terrafina with an all-cash tender offer for 100% of its shares.
IT consultant Cognizant has agreed to acquire engineering firm Belcan from PE firm AE Industrial Partners in a $1.3 billion cash-and-stock deal.
Bain Capital has made an offer to acquire Australian automotive parts retailer Bapcor for $1.2 billion.
Ambar Energia will acquire a portfolio of thermoelectric power plants from Brazilian utility giant Eletrobras for $878 million.
UAE investor Magellan Group has agreed to pay over $754 million for lender Danish Ship Finance.
Home repair company Frontdoor will acquire 2-10 Home Buyers Warranty from PE firm Genstar Capital in an all-cash deal worth $585 million.
Real estate fund ARA Korea will acquire the Conrad hotel in Seoul from Brookfield Asset Management for $302 million.
US-listed company Critical Metals has agreed to buy a 92.5% stake in the Tanbreez rare earth deposit in Greenland for $211 million.
The Netherlands is considering a private sale or IPO for state-owned bank De Volksbank.
UTA will acquire Representatives of Outstanding Footballers.
Australian mining giant Rio Tinto plans to buy Mitsubishi Corp's 11.65% stake in JV Boyne Smelters.
Japanese investment bank Daiwa Securities will purchase a stake in Aozora Bank from a prominent activist fund.
Bitcoin miner Bitfarms has adopted a poison pill strategy to prevent a hostile takeover by rival Riot Platforms.
IPO
Media network Newsmax is considering a $225 million private placement followed by a potential $75 million IPO in Q4.
Ticketing platform operator StubHub is preparing for a US IPO as soon as July.
New Funds
Montreal-based VC Inovia Capital raised $300 million for its third growth equity fund, which has a target of $450 million.
Collaborative Fund, a 14-year-old New York VC firm that invests in climate, health, and food sectors, raised $125 million for its sixth fund.