Startups Raise Over $840.1M, Investors Raise $3.428B for New Funds, and $13.22B in M&A

Private Equity

Gildan Activewear, a Canadian clothing manufacturer with a valuation of $6.3B and owner of American Apparel, is considering potential bids from private equity firms, including Sycamore Partners.

Macy's is set to open its financial books to Arkhouse and Brigade Capital, advancing a $6.6B bid to privatize the company.

Nordstrom's founding family is exploring take-private deals for the $3B U.S. department store, revisiting a similar attempt made six years ago.

Roquette, a French plant-based ingredients manufacturer, is set to acquire International Flavors & Fragrances’ pharma solutions business in a deal worth $2.9B.

AstraZeneca plans to acquire Canadian drug developer Fusion Pharmaceuticals in a $2B cash transaction.

Butterfly Equity, the private equity owner of Chosen Foods, is considering a sale that could value the avocado-based food company at over $600M.

Carlisle, a building products company, will acquire commercial roofing company MTL for $410M in cash from private equity firm GreyLion Partners.

Boeing is looking into selling at least two of its defense businesses.

Masdar, a UAE clean-energy firm, agreed to acquire a 50% stake in U.S. renewable electricity producer Terra-Gen Power Holdings II.

TP ICAP, a UK broker, will acquire New Zealand-based gas, power, and carbon brokerage firm Aotearea Energy.

Venture Capital

BigID: An eight-year-old startup from New York offering AI-powered data security software for enterprises to manage sensitive information, raised $60 million in funding at a $1+ billion valuation. The round was led by Riverwood Capital, with Silver Lake Waterman and Advent also participating. Total funding: $320 million.

Engrail Therapeutics: A five-year-old San Diego startup focusing on drugs for neurological conditions, secured $157 million in a Series B round. The round was co-led by F-Prime Capital, Forbion, and Norwest Venture Partners, with RiverVest Venture Partners, Red Tree Venture Capital, Abrdn, Ysios Capital, Longwood Fund, Eight Roads Ventures, and Pivotal Life Sciences participating. Total funding: $220+ million.

Moove: A four-year-old Lagos-based startup providing vehicle financing for gig drivers, raised $100 million in Series B funding at a $750 million valuation. Uber led the round, with Mubadala also participating. Total funding: $250 million in equity and $210 million in debt.

Solaris: An eight-year-old Berlin startup enabling businesses to integrate banking services, raised $104.3 million in Series F funding led by SBI Group. Total funding: $490+ million.

Anima: A three-year-old London startup automating healthcare processes, raised $12 million in Series A funding. Molten Ventures led the deal, with Hummingbird Ventures, Amino Collective, and Y Combinator participating.

Candela: A ten-year-old Stockholm company selling electric hydrofoiling boats, raised $26.6 million. Participants included Groupe Beneteau, EQT Ventures, Ocean Zero, and Kan Dela AB. Total funding: $76+ million.

Ingrid: A nine-year-old Stockholm startup optimizing e-commerce processes, raised $22.8 million. The round was led by Verdane, with Schibsted Ventures participating. Total funding: $34.8 million.

NeoTaste: A three-year-old German startup offering an app for restaurant discovery, raised $16.3 million in Series A extension funding led by Earlybird VC, with Burda Principal Investments participating.

NeuReality: A six-year-old Israeli startup providing server-on-a-chip and software for AI applications, raised $20 million. Investors included European Innovation Council Fund, Varana Capital, Cleveland Avenue, XT Hi-Tech, and OurCrowd. Total funding: $70 million.

TigerEye: A three-year-old San Francisco startup offering AI-powered strategic planning software, raised $35 million. Y Combinator, Initialized Capital, and Next47 participated.

D2X: A four-year-old Amsterdam startup with a crypto derivatives exchange for institutions, raised $10 million in Series A funding. Point72 Ventures led, with GSR Markets, Tioga Capital, Fortino Capital, Jabre Capital Partners, Picus Capital, and TRGC joining.

FlexPoint: A three-year-old Minneapolis startup automating payment collection for service providers, raised $5 million. Haymaker Ventures led, with Garuda Ventures, Far Out Ventures, Cascade Seed Fund participating, plus $30 million in debt from Tacora Capital.

Keyring: A two-year-old London startup building an on-chain compliance platform, raised $6 million co-led by Gumi Cryptos Capital and Greenfield Capital, with Motier Ventures and Kima Ventures joining.

Mallard Bay: A five-year-old Baton Rouge startup connecting sports enthusiasts with hunting and fishing guides, raised $4.6 million in Series A funding led by Soul Venture Partners, with Acadian Capital Ventures participating.

MarineLabs: A seven-year-old Victoria, Canada startup monitoring weather and ocean conditions, raised $3.3 million in seed funding led by BDC Capital, with Seaspan Shipyards participating.

SingleFile: A five-year-old Seattle startup streamlining state filings and compliance processes, raised $6.5 million led by Foundry Group, with PSL Ventures, The LegalTech Fund, and Underdog Labs participating. Total funding: $15+ million.

Superlinked: A four-year-old San Francisco startup converting data into vector embeddings for AI applications, raised $9.5 million in seed funding led by Index Ventures, with Theory Ventures, 20Sales, and Firestreak participating.

IPO

Pfizer reduced its stake in UK consumer healthcare company Haleon by $3.5 billion to 22.6%.

Galderma, a skincare company, is expected to price its $2.6 billion IPO at the upper end of its range.

Borse Dubai decreased its stake in Nasdaq by $1.6 billion, moving from 15.5% to 10.8%, as part of a Nasdaq secondary share offering.

Douglas, a German perfume retailer backed by CVC, priced its IPO at $967 million, the lower limit of its targeted range.

Fundraising

Ballistic Ventures: This San Francisco-based VC, cofounded by Ted Schlein, raised $360 million for its second fund to invest in cybersecurity companies.

B Capital: Co-founded by Facebook's Eduardo Saverin, this global investment firm closed its second Opportunities Fund with $750 million, targeting tech, healthcare, and climate tech sectors.

Ethos Fund: A cross-border venture firm connecting U.S. and Vietnam startup communities, closed its inaugural fund with $12 million in capital commitments.

IVP: A veteran late-stage venture fund, closed its 18th flagship fund with $1.6 billion, following a $1.8 billion 17th fund in May 2021.

World Fund: Based in Berlin, Germany, this venture capital fund raised €300 million ($326 million) for its debut fund focusing on climate technology companies.

Apollo?is seeking to raise over $6B for its third hybrid value fund that provides financing that sits between debt and equity