May 8, 2024
Venture Capital
Wiz, a cloud security platform, secured a $1 billion Series E funding round at a $12 billion valuation, led by a16z, Lightspeed Venture Partners, and Thrive.
Stonal, an AI proptech platform for real estate, obtained a $107 million investment from Aeron. TXOne Networks, a cybersecurity startup specializing in cyber-physical systems security, completed a $51 million Series B extension led by TGVest Capital.
Legion Technologies, a workforce management startup, garnered $50 million in a funding round led by Riverwood Capital.
Honeycomb Insurance, a property and casualty insurance startup, raised $36 million in a Series B led by Zeev Ventures.
Daloopa, an AI startup streamlining financial analysts' workflows, secured $18 million in a Series B led by Touring Capital.
Nudge Security, a SaaS security and governance provider, completed a $16.5 million seed round led by Forgepoint Capital.
Neurable, a neurotech company democratizing BCI technology, secured $13 million from Ultratech Capital Partners, TRAC, and others.
Numeric, an AI-driven accounting automation startup, obtained $10 million in seed funding from Founders Fund, Menlo Ventures, 8VC, and others.
PAXAFE, a B2B software platform for supply chain risk management, closed a $9 million Series A round led by Framework Venture Partners.
Niobium, a custom silicon provider, raised $5.5 million in seed funding led by Fusion Fund.
Electricity Maps, a data visualization startup, secured $5.4 million from Transition and Revent. Swypex, an Egyptian corporate cards platform, raised $4 million in a seed round led by Accel.
DwellFi, an AI and blockchain solutions provider for private funds, secured $3 million in seed funding led by E1 Ventures, Stanford Blockchain, and others.
Private Equity
The U.S. government backed Colorado's effort to block Kroger's $24.6 billion acquisition of supermarket rival Albertsons.
Suzano, a Brazilian pulp and paper company, expressed interest in acquiring U.S.-based International Paper in a potential $15 billion all-cash deal.
Germany's largest electricity producer, RWE, is evaluating options for its minority stake in transmission operator Amprion, which could be worth around $1.7 billion.
Santos and Repsol, oil and gas producers, are considering selling a minority stake in their jointly operated Alaskan oil fields, a deal potentially valued at around $1 billion.
KKR is set to acquire Perpetual's brand, corporate trust, and wealth management businesses in a $990 million deal.
China Merchants Group, a state-owned conglomerate, is nearing a deal to buy a 40% stake in PCCW's fiber unit for $850-$900 million.
BigCommerce, an e-commerce software maker valued at $532 million, is exploring a potential sale after drawing takeover interest.
Browns Group, a Sri Lankan conglomerate, will purchase CVC's struggling Kenyan tea estates, which it acquired from Unilever in 2021.
Peloton, an exercise equipment company, has attracted interest from private equity firms for a potential takeover.
IPO
Thai beverage company General Beverage is preparing to launch a $222 million IPO for its international distribution unit, IFBH, on the Singapore Stock Exchange.
New Funds
Saga Ventures, led by Max Altman, has raised a $125 million fund to invest in early-stage software startups.