Illustration: Gabriella Turrisi/Axios
Venture Capital
• Ramp, a corporate spend management platform, raised $1.85b at a $60b valuation. Dragoneer Investment Group led, joined by Thrive Capital, Founders Fund, Sands Capital, Avenir Growth, Capital International, Fidelity, T. Rowe Price, D1 Capital Partners, Greenoaks, Iconiq, GIC, 8VC, 1789 Capital, Alpha Wave Global, Ontario Teachers, Coatue, D.E. Shaw, Definition Capital, FirstMark, General Catalyst, Generation Investment Management, Glade Brook Capital Partners, Khosla Ventures, Lightspeed, Pinegrove Opportunity Partners, Soma Capital, and Stripes. Go deeper
• Stand, an SF-based startup that insures homes in catastrophe-exposed regions, raised $70m in Series C funding at a $1b valuation. Saga Ventures led, joined by Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe, and Jackson Square Ventures. Go deeper
• North, an NYC-based cloud spend startup, raised $60m in Series B funding, per Axios Pro. PeakSpan Capital led, joined by Litquidity, Companyon Ventures, Alpaca, Uncommon Denominator, Gaingels, and Mana Ventures. Go deeper
• Sunbound, a Phoenix-based provider of back-office solutions for senior living operators, raised $24m in Series A funding and acquired billing firm Richter Healthcare Consultants, per Axios Pro. TTV Capital led, joined by Bling Capital, Fika Ventures, Live Oak Bank, and Ziegler Linkage Fund. Go deeper
• Causa Prima, a German autonomous finance platform for businesses, raised $20m in seed funding. Base10 Partners led, joined by QED Investors, FJ Labs, Creandum, Kfund, and Borusan Ventures. Go deeper
• Zippy, a Beaverton, Ore.-based originator and servicer for manufactured housing finance, raised $20m in Series C funding from Saluda Grade. Go deeper
• CarbonAI, a CRE loan underwriting platform, raised $12m from Cowboy Ventures, Bling Capital, Max Ventures, and Timber Grove Ventures, per Axios Pro. Go deeper
• Fission, a NYC-based provider of liquidity infrastructure for tokenized investment funds, raised $10m in Series A funding. Pantera Capital led, joined by Circle Ventures, Borderless Capital, Ari Rubenstein, New Form, gumi Cryptos Capital, Anthony Scaramucci, Manhattan Venture Partners, Reflexive Capital, and Lattice Capital. Go deeper
• Chariot Claims, an NYC-based consumer protection claims platform, raised $10m in Series A funding. Silverton Partners led, joined by Indicator Ventures, Lightbank, Neon Fund, ZVC, Rosecliff Venture Partners, Alumni Ventures, FJ Labs, Graph Ventures, and Vermilion Ventures. Go deeper
• Harbor, a provider of software to assess agentic AI risk at financial institutions, raised $10m in seed funding from Base10 Partners, Abstract, and 8VC, per Axios Pro. Go deeper
• Zaria, a Bitcoin loan servicing startup, raised $5.2m, per Axios Pro. Lightspeed led, joined by Refract Ventures and Epoch VC. Go deeper
Private Equity
• BBH Capital Partners made a minority investment in Goal Solutions, a San Diego-based provider of loan servicing, asset management, and SPV administration. Go deeper
• GTCR and Elliott Investment Management agreed to buy car insurance software provider CCC Intelligent Solutions (Nasdaq: CCC) for $6.1b. Go deeper
• Lewis & Ellis, backed by Novacap, acquired Boston-based consultancy Alan Gray from Premia. Go deeper
• PACT Capital Partners acquired a passive minority stake in midmarket PE firm Sterling Investment Partners. Go deeper
• Terminus Capital Partners agreed to acquire Eventus, an Austin, Texas-based provider of trade surveillance and financial risk solutions. Eventus had raised around $60m from firms like Jump Capital, LiveOak Venture Partners, Coinbase Ventures, Chimera Securities, and Cadenza Capital. Go deeper
Public Offerings
• OPay, an Africa-focused payments company founded by Norway's Opera, filed for an IPO that Renaissance Capital estimates could raise $500m. It plans to list on the NYSE (OPAY) and reports $91m of net income on $467m in revenue for the first half of 2026. The Lagos-based company has raised over $270m from firms like SoftBank, IDG Capital, HSG, GSR Ventures, and Source Code Capital. Go deeper
Liquidity Events
• Intuit (Nasdaq: INTU) agreed to acquire Sequence, a U.K. revenue and payroll management platform, for around $200m. Sequence backers include 645 Ventures, a16z, Firstminute Capital, Passion Capital, DIG Ventures, Mischief, and Vor Capital. Go deeper
• Permira is in talks to sell credit platform Octus to London Stock Exchange Group (LSE: LSEG) for around $3.5b. Go deeper
More M&A
• EQT agreed to buy Stockbridge, a U.S. real estate investment manager with approximately $16.5b in fee-generating AUM. Go deeper
• Fairfax Financial (TSX: FFH) of Canada agreed to buy a majority stake in India's IDBI Bank for around US$5.43b. Go deeper
• Piper Sandler (NYSE: PIPR) ended talks to buy advisory firm Perella Weinberg Partners (Nasdaq: PWP), per Reuters. Go deeper
Fundraising
• Rich Peacock is joining JPMorgan as global head of consumer and retail M&A, per Reuters. He previously was with Bank of America. Go deeper
