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Venture Capital
• Iceye, a Finnish satellite observation provider, raised €1b in Series F funding led by Scaleup Europe Fund. Go deeper
💊 Pathos AI, a Chicago-based AI drug developer, is raising up to $300m in Series E funding at an approximately $3b valuation, per Endpoints News. Go deeper
• P-1 AI, an SF-based developer of AI engineering software, raised $50m in Series A financing led by NEA. Go deeper
• Aurelius Systems, an SF-based developer of counter-drone tech, raised $40m in Series A fundiung. Draper Associates and KAS Venture Partners led, joined by General Catalyst, Hanwha Asset Management Venture Fund, Outlander, Alumni Ventures, Bravo Victor Venture Capital, Detroit Venture Partners, and Decisive Point. Go deeper
🌎 WindBorne Systems, a Palo Alto-based maker of smart weather balloons, raised $37m in Series B funding led by Khosla Ventures and Galvanize. Go deeper
• Sapiom, an SF-based startup that helps agents buy their own tech tools, raised $35m in Series A funding. Dragonfly led, joined by Accel, Gradient, Coinbase Ventures, Operator Collective, Formus Capital, and VanEck Ventures. Go deeper
• Maximum, a developer of core banking software, raised $30m in seed funding. CRV led, joined by Pear VC, Restive, Plug and Play Ventures, and Anthemis. Go deeper
• InRisk Labs, a risk and reinsurance platform, raised $27m in Series A funding led by Bessemer Venture Partners and Northpoint Capital. Go deeper
• Ordway, a Washington, DC-based monetization and billing platform, raised $20m in equity and debt funding. Harbert Growth Partners led the equity and Western Alliance Bank provided the debt. Go deeper
🚑 Assured, an NYC-based platform for health-care provider ops, raised $19m in Series A funding. Insight Partners led, joined by First Round Capital and Kindred Ventures. Go deeper
• Pinegap, an equity research platform, raised $8m in Series A funding. Stellaris Venture Partners led, joined by insiders Inventus, Silicon Valley Quad, and DeVC. Go deeper
• Avatar Robotics, a maker of industrial labor robots, raised $6.5m in seed funding. AlleyCorp led, joined by Defy VC, and Headline. Go deeper
• Proxy Foods AI, a food and beverage R&D platform, raised $6m in seed funding. Ted Leonsis led, joined by Robert Hisaoka and Swan & Legend Venture Partners. Go deeper
🚑 SkinBit, an LA-based maker of whole-body scanners for skin cancer, raised a $6m pre-seed from Boost VC, Cleo Capital, Manna Ventures and Profluent Capital. Go deeper
• Shelfmark, a Pittsburgh-based manufacturing monitoring startup, raised $3.5m in seed funding. Armory Square Ventures led, joined by Grand Ventures, Hyde Park Angels, Argon Ventures, and Cultivation Capital. Go deeper
• RevealDx, a Seattle-based startup focused on AI characterization of lung nodules, raised $3.4m from 4DMedical (ASX: 4DX). Go deeper
• Hulp, an Indian personal assistance and concierge platform, raised $2.6m in seed funding. Sparrow Capital and Bitkraft Ventures led, joined by DeVC. Go deeper
Private Equity
• Arcwood Environmental, a portfolio company of EQT and Ardian, acquired Environmental Management Services, a Rockland, Md.-based waste management company. Go deeper
• CVC Capital Partners and Veritas Capital each bid around £1.6b to buy British heat treatment firm Bodycote (LSE: BOY). Go deeper
• Gorgeous Collective, a portfolio company of MPK Equity Partners, acquired Clean Your Dirty Face, a Chicago-based skin care and spa franchise. Go deeper
• Mortgage Automator, a BVP Forge portfolio company, acquired Lendr, a Chicago-based provider of working-capital and invoice-factoring programs for small businesses. Go deeper
• Tortuga Growth Partners invested in Advanced eClinical Training, a Boston-based clinical certification and training company. Go deeper
Fundraising
• South Park Commons raised $575m for its fourth flagship VC fund. Go deeper
• White Star Capital, a London-based VC firm, raised $250m for its fourth flagship fund. Go deeper
