Startups Raise Over $526M, Investors Launch $781M in New Funds, and Firms Engage in Over $9.6B in M&A

Venture Capital

• Rippling: Workforce management software startup, raised $200M in Series F at a $13.4B valuation, led by Coatue.
• Skyports: Develops infrastructure for eVTOLs, secured $109.5M in Series C from ACS and Groupe ADP.
• Givebutter: Nonprofit fundraising and CRM platform, raised $50M, led by Bessemer Venture Partners.
• Pomelo: 'Send now, pay later' service, raised $35M in Series A, led by Vy Capital.
• Smart Reporting: Munich-based medical reporting startup, raised $25.4M in Series C, led by TVM Capital Life Science.
• Nominal: Provides data analysis solutions for industrial engineering, raised a combined $27.5M: $7.5M seed round led by Lux Capital and $20M Series A led by General Catalyst.
• Exowatt: Modular energy platform for data centers, raised a $20M seed round from a16z, Atomic, and Sam Altman.
• HappySignals: Finnish IT experience management company, raised $12M, led by Mandatum Asset Management.
• Accacia: Decarbonization platform for real estate and infrastructure, raised $6.5M in pre-Series A led by Illuminate Financial.
• Auxa Health: Provides AI-powered benefit navigation tech, raised a $5.2M seed round led by Zeal Capital Partners.
• Pelvital: Women’s health startup, raised a $2.4M seed plus round led by Boomerang Ventures.
• BettrData: Platform for data operators and developers, raised a $2.2M seed round led by Range Ventures.

Private Equity

• C&S Wholesale Grocers: To acquire an additional 166 stores from Kroger and Albertsons, totaling 579 stores for approximately $2.9B in cash.
• Bridgepoint: UK PE firm exploring sale options for Vitamin Well, a Swedish drinks business potentially valued over $2.1B.
• CoStar Group: To acquire Matterport, a provider of 3D property virtual tours, in a $1.6B cash-and-stock deal.
• Saudi Aramco: Initiated talks to purchase a 10% stake in China’s $15B Hengli Petrochemical.
• Crescent Midstream: Carlyle-backed oil pipeline company considering a sale, potentially valued at $1.3B after receiving takeover interest.
• Quanex Building Products: Agreed to acquire UK-based Tyman, a construction solutions provider, in a $976M cash-and-stock transaction.
• Permira: Started the sale process of its 50% stake in Asian aquatic food provider Grobest, aiming for a $1B valuation.
• TotalEnergies: Set to acquire a 50% stake in SapuraOMV from Malaysian oil company Sapura Energy for $705M.

IPO

• Vodafone Idea: Indian telecom's $2.2B Follow-on Public Offer (FPO) attracted $10.6B in bids.
• CVC Capital Partners: Seeking to raise up to $1.7B at a $16B valuation in an Amsterdam IPO.
• Viking Holdings: Aiming to raise up to $1.1B at a $10.8B valuation in a US IPO.

New Funds

• Khazanah Nasional: Malaysia's sovereign wealth fund will establish a $627M venture capital fund focused on Southeast Asian startups.
• TLcom Capital: Raised $154M for its TIDE Africa Fund II, positioning it as Africa’s largest early-stage venture capital fund.

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