Startups raise over $1.4B, Investors raise over $1.38B for New Funds, & Over $65B in M&A.

Venture Capital

• AltruBio San Francisco-based AltruBio, a four-year-old startup developing innovative therapies for autoimmune and inflammatory diseases, secured a $225 million Series B round. The funding was led by BVF Capital Partners, with RA Capital Management, Cormorant Asset Management, and Soleus Capital also participating.
• DeepL Cologne-based DeepL, a seven-year-old startup offering AI-driven translation services for clients like Nikkei and Zendesk, raised $300 million at a $2 billion valuation. The round was led by Index Ventures, with Iconiq Growth and Teachers’ Venture Growth also joining in.
• Tuesday Health Tuesday Health, a one-year-old Chicago startup delivering value-based supportive care for seriously ill patients and their caregivers, raised $60 million. Valtruis led the round, with contributions from Blue Venture Fund, Mass General Brigham Ventures, and CareSource.
• Aerodome New York-based Aerodome, a one-year-old startup providing automated drone response systems for public safety agencies, raised $21.5 million in a Series A round. CRV led the funding, with Andreessen Horowitz, Karman Ventures, Immad Akhund, and Ford Street Ventures participating.
• Boulder Care Boulder Care, a seven-year-old Portland, OR-based startup offering telehealth addiction treatment services, raised $35 million in a Series C round led by Advance Venture Partners. Stripes, First Round Capital, Qiming Venture Partners, and Laerdal Million Lives Fund also invested, bringing the total raised to approximately $85 million.
• Footprint Footprint, a two-year-old New York startup that verifies personal identification documents against official databases, raised $13 million in a Series A round. QED Investors led the funding, with Neo, Animal Capital, and previous investors Index Ventures, Lerer Hippeau, Operator Partners, BoxGroup, Palm Tree Capital, and Definition also joining.
• Hydrolix Hydrolix, a startup providing a cloud-based data platform for managing and querying large volumes of log data efficiently, raised $35 million in a Series B round. S3 Ventures led the round, with contributions from Nava Ventures, Wing Ventures, AV8 Ventures, and Oregon Venture Fund. The company has raised a total of $68 million.
• MAJORITY Miami-based MAJORITY, a five-year-old startup developing a mobile banking platform for immigrants, raised $12.5 million in equity and $7.5 million in debt. Victor Jacobsson and Hjalmar Winbladh co-led the round, with Valar Ventures, Heartcore Capital, and Avid Ventures also investing.
• Nory Dublin-based Nory, a four-year-old startup using AI to help hospitality businesses predict demand and manage expenses, raised $16 million in a Series A round led by Accel. Previous investors Cavalry, Playfair, Samaipata, and Triplepoint also participated.
• Praktika Praktika, a two-year-old Palo Alto startup with an AI-powered language learning app featuring realistic avatars for English practice, raised $35.5 million in a Series A round led by Blossom Capital.
• Reactive Reactive, a 14-year-old company from Oxford, UK, providing real-time data on grid performance to help utility companies balance energy supply and demand, raised $31.4 million in a Series D round. M&G led the funding, with BGF and Breakthrough Energy Ventures also contributing.
• SamaCare San Francisco-based SamaCare, a six-year-old startup aiding health providers in obtaining prior authorizations for specialty drugs, raised $17 million in a Series B round. Questa Capital led the round, with previous investors Vive Collective and South Park Commons also participating.
• UnifyApps UnifyApps, a one-year-old San Francisco startup offering tools for rapid app development, business process automation, and data integration, raised $11 million in a seed round led by Elevation Capital.
• Vaxess Technologies Cambridge, MA-based Vaxess Technologies, a 12-year-old company developing a patch for gradual medicine release, raised $12 million. Investors included RA Capital Management, Engine Ventures, GHIC, and Mission Bio Capital, bringing the total raised to over $90 million.
• Verse Verse, a two-year-old San Francisco startup optimizing businesses' electricity management and increasing renewable energy usage, raised $20.5 million in a Series A round led by GV, with Coatue, CIV, and MCJ Collective also participating.
• WitnessAI San Mateo-based WitnessAI, a startup managing and monitoring AI-generated content to prevent harmful outputs and ensure ethical compliance, raised $27.5 million in a Series A round co-led by Ballistic Ventures and Google Ventures.
• Ore Energy Ore Energy, a two-year-old Amsterdam startup developing large-scale batteries for renewable energy storage, raised $10.8 million in a seed round led by Positron Ventures.
• Stack AI Cambridge, MA-based Stack AI, a two-year-old startup enabling non-technical users to build custom AI assistants, raised $3 million in a seed round. Gradient Ventures, Beat Ventures, True Capital, Lambda Labs, Y Combinator, Soma Capital, and Epakon Capital invested in the round, which closed about a year ago.
• Superpower Superpower, a two-year-old Los Angeles startup offering a digital health platform for improving health and longevity, raised $4 million in a seed round led by Susa Ventures. Long Journey Ventures, Family Fund, Atman VC, 24 Carrot VC, Focalpoint Partners, Seaside Ventures, and notable investors Cameron & Tyler Winklevoss, Balaji Srinivasan, and Scott & Cyan Banister also participated.
• Traction Ag Traction Ag, a four-year-old Auburn, IN-based startup providing software for farmers to manage business entities, track expenses and revenue by fields and crops, and integrate banking and financial data, raised $10 million in a Series A round led by Cooperative Ventures, with Plymouth Growth also participating.
• Volt Volt, a five-year-old Tulsa, OK-based startup offering a platform for marketers to manage and optimize SMS campaigns, raised $3 million in a seed round led by Mercury Fund, with Atento Capital, Uncorrelated Ventures, Stout Street Capital, and Yellow Rocks also investing.
• WeatherXM Athens-based WeatherXM, a three-year-old startup creating weather stations that use blockchain technology to collect and share data, raised $7.7 million in a Series A round led by Lightspeed Faction. Protocol Labs, Borderless Capital, Arca, Alumni Ventures, Placeholder VC, Metaplanet, and Red Beard Ventures also invested.

Private Equity

• Anglo American and BHP Group Miner Anglo American has agreed to enter talks with larger rival BHP Group after rejecting a third proposal valued at approximately $49 billion.
• Deutsche Bahn and DB Schenker German railway Deutsche Bahn has received several confirmatory bids for its DB Schenker logistics unit, which could fetch $16 billion, making it one of Europe’s largest deals this year.
• Eni and Enilive Eni is exploring the sale of a 20% stake in its biorefining unit, Enilive, following interest from potential buyers. The entire business is valued at approximately $10.8 billion.
• Hargreaves Lansdown UK investment platform Hargreaves Lansdown rejected a $5.9 billion takeover proposal from a consortium comprising CVC Capital and Abu Dhabi's ADIA.
• Vulcan Materials US-based Vulcan Materials has reportedly rejected Mexico's offer to purchase its Caribbean coast assets for $2 billion.
• Biogen and Human Immunology Biosciences Biogen has agreed to acquire Human Immunology Biosciences for up to $1.8 billion, with an upfront payment of $1.15 billion.
• Firefly Aerospace Investors in Firefly Aerospace are considering a sale that could value the company at approximately $1.5 billion.
• Tata Group and Tata Play Tata Group will acquire Disney’s minority stake in Tata Play in a deal that values the subscription television broadcaster at approximately $1 billion.
• KKR, TPG, and PropertyGuru KKR and TPG are exploring options, including a buyout, for the Southeast Asian online real estate platform PropertyGuru.

IPO

• ADNOC Drilling State-owned ADNOC plans to sell a 5.5% stake in its drilling unit, ADNOC Drilling, for $900 million.
• Carlyle and Rede D'Or Carlyle sold its minority stake in the Brazilian hospital chain Rede D'Or for $427 million.
• Rasan Information Technology IPO Saudi fintech Rasan Information Technology's $224 million local IPO attracted $29 billion in orders.
• DuPont Chemicals giant DuPont announced it will split into three separately listed companies.
• Oyo Softbank-backed Indian budget hotel chain Oyo, once valued at $10 billion, has withdrawn its IPO application for the second time.

New Funds

• Permira Permira is seeking $814 million for a new debt fund aimed at financing mid-market firms.
• Valor Ventures Peter Thiel-founded Valor Ventures raised $300 million for its ninth fund.
• Peterson Partners Investment firm Peterson Partners closed its PE business’ Fund X at $265 million to invest in growth-oriented companies.
• Temasek's VC Arm Temasek’s venture capital arm is set to launch its first Japan-focused fund.