May 17, 2024
Venture Capital
Vercel, a startup focused on building a cutting-edge frontend cloud platform, has secured $250 million in a Series E funding round, reaching a valuation of $3.25 billion. The round was led by Accel.
Sigma, a cloud analytics platform, has raised $200 million in a Series D funding round, with Spark Capital and Avenir Growth Capital leading the investment.
CRMBonus, a marketing automation platform provider, has garnered $75 million in a Series B funding round led by BOND.
PolyAI, a company specializing in enterprise voice assistants, has raised $50 million in a Series C funding round led by Hedosophia, NVentures, and Zendesk.
Agora, a provider of real estate investment management solutions, has secured $34 million in a Series B funding round led by Qumra Capital.
Voxel51, a visual AI startup, has raised $30 million in a Series B funding round led by Bessemer Venture Partners.
CoLab Software, which offers collaboration solutions for engineering and hardware development teams, has secured $21 million in a Series B funding round led by Insight Partners.
Aeropay, a company providing Pay-By-Bank solutions for businesses, has raised $20 million in a Series B funding round led by Group 11.
Harbor Lab, a maritime software startup, has secured $16 million in a Series A funding round led by Atomico.
Gamma, an AI-powered presentation platform, has raised $12 million in a Series A funding round led by Accel.
NuLink, a provider of data privacy solutions for Web3 dApps, has secured $11.3 million in funding led by DWF Labs, Poolz, and ViaBTC.
Leya, a Swedish legal tech startup, has raised $10.5 million in a seed funding round led by Benchmark.
Honey Homes, a home upkeep membership service, has secured $9.3 million in a Series A-1 funding round led by Era Ventures.
Bedrock Materials, a battery technology startup, has raised $9 million in a seed funding round led by Trucks Venture Capital, Refactor Capital, and Version One Ventures.
GoodShip, a freight orchestration and procurement platform, has secured $8 million in a Series A funding round led by Bessemer Venture Partners.
ULEMCo, a startup converting commercial vehicles to run on hydrogen fuel, has raised $6.5 million in a funding round led by Mercia Ventures.
Laws of Motion, an AI sizing technology startup, has raised $5 million in a seed funding round from Corazon Capital, Sequoia Capital, and others.
Private Equity
Dutch grid operator Tennet plans to seek other buyers for its $23.9 billion German business after negotiations with the German government fell through.
China’s Ping An Insurance Group is considering options to reduce its $13 billion, 8% stake in HSBC.
Nippon Life Insurance has agreed to acquire a 20% stake in Corebridge Financial from AIG for approximately $3.8 billion in cash.
Waste management firm WM is exploring the sale of its renewable natural gas business, which could be valued at around $3 billion.
Crescent Energy, an oil and gas producer, has agreed to acquire rival SilverBow Resources in a $2.1 billion all-stock deal.
Private equity firm Roark Capital is exploring the sale of Primrose Schools at an estimated $2 billion valuation, including debt.
Citrix Systems is considering the sale of its content-collaboration platform ShareFile, which could fetch around $1.5 billion.
Johnson & Johnson will acquire biotech company Proteologix in an $850 million cash deal.
Blackstone has agreed to purchase a majority stake in Israeli enterprise SaaS company Priority Software, valuing the company at $800 million.
Brookfield India REIT will acquire a 50% stake in four Bharti Enterprises properties for $719 million, including debt.
Lufthansa’s $348 million bid to buy a stake in Italian airline ITA is set to be vetoed by the EU.
Private equity firm MBK Partners is considering the sale of Chinese spa and beauty clinic operator Siyanli in a deal potentially worth several hundred million dollars.
Palo Alto Networks will acquire IBM’s QRadar cloud software assets for an undisclosed sum.
IPO
Istanbul is planning to privatize its $10 billion Igdas gas grid, potentially making it Turkey’s largest ever IPO.
KKR-backed software company OneStream has confidentially filed for a US IPO, seeking a valuation of up to $6 billion.
GSK has sold its remaining 4.2% stake in consumer healthcare company Haleon, raising approximately $1.26 billion.
Chinese restaurant operator Super Hi raised $52.7 million in its US IPO, reaching a valuation of $1.26 billion.
New Funds
TrueBridge Capital Partners, a Chapel Hill, NC-based fund of funds, has raised $1.6 billion across five investment vehicles focusing on venture funds and technology companies: TrueBridge Capital Partners Fund VIII, TrueBridge Seed & Micro-VC II, TrueBridge Direct Fund III, TrueBridge Secondaries I, and TrueBridge Blockchain I. With stakes in Founders Fund, Accel, Pear, and Craft Ventures, among other venture funds, TrueBridge now manages over $7.5 billion in assets.