Key Takeaways
- • Anduril is in talks to sell $1.3b of insider shares at a $90b valuation, according to Bloomberg, as reported by Axios.
- • Pear VC, a Menlo Park, Calif.-based seed-stage investor, raised $333m for its fifth fund.
- • Harmonic Security raised $50m in Series B funding led by Crosspoint Capital Partners, while ZenZap raised $44m from Bessemer, Lightspeed, and The Garage.
- • Altay Therapeutics raised $37m in Series A funding led by Sound Bioventures and HealthCap, with participation from Biogen New Ventures and others.
- • SLM Partners received a €150m commitment for its second fund from Dutch pension investor APG.
Summary
Anduril is in talks to sell $1.3b of insider shares at a $90b valuation, according to Bloomberg, as reported in Axios's daily venture capital roundup. The transaction would provide liquidity to existing insiders at a valuation that places the defense technology company among the most highly valued private companies in the market.
In fundraising, Pear VC, a Menlo Park, Calif.-based seed-stage investor, closed $333m for its fifth fund. SLM Partners, an NYC-based natural asset manager, received a €150m commitment for its second fund from Dutch pension investor APG, a notable institutional allocation for a natural capital strategy.
Across venture deals, Harmonic Security, a workforce AI security platform, raised $50m in Series B funding led by Crosspoint Capital Partners. ZenZap, a NYC-based workplace messaging app, raised $44m from Bessemer, Lightspeed, and The Garage. Altay Therapeutics, a San Carlos, Calif.-based maker of transcription factor small molecule inhibitors, raised $37m in Series A funding led by Sound Bioventures and HealthCap, joined by Fountain Healthcare Partners, Biogen New Ventures, Pappas Capital, and Global BioAccess Fund. Skeleton Technologies, an Estonian energy storage startup, raised new funding from insider Siemens at a valuation north of $1b.
In private equity, Archimed agreed to acquire Genetica, a Brazilian provider of bio-based industrial wastewater treatment, biogas generation and bio-based crop protection. CohnReznick, backed by Apax, acquired the Aldrich group of companies, and Vivify Specialty Ingredients, a Gryphon Investors portfolio company, acquired AuNutra Industries. In M&A, Endeavor Health and Rush University System for Health, both Chicago-based, are merging to form a 12-hospital nonprofit with nearly $11b in annual revenue.
In fundraising, Pear VC, a Menlo Park, Calif.-based seed-stage investor, closed $333m for its fifth fund. SLM Partners, an NYC-based natural asset manager, received a €150m commitment for its second fund from Dutch pension investor APG, a notable institutional allocation for a natural capital strategy.
Across venture deals, Harmonic Security, a workforce AI security platform, raised $50m in Series B funding led by Crosspoint Capital Partners. ZenZap, a NYC-based workplace messaging app, raised $44m from Bessemer, Lightspeed, and The Garage. Altay Therapeutics, a San Carlos, Calif.-based maker of transcription factor small molecule inhibitors, raised $37m in Series A funding led by Sound Bioventures and HealthCap, joined by Fountain Healthcare Partners, Biogen New Ventures, Pappas Capital, and Global BioAccess Fund. Skeleton Technologies, an Estonian energy storage startup, raised new funding from insider Siemens at a valuation north of $1b.
In private equity, Archimed agreed to acquire Genetica, a Brazilian provider of bio-based industrial wastewater treatment, biogas generation and bio-based crop protection. CohnReznick, backed by Apax, acquired the Aldrich group of companies, and Vivify Specialty Ingredients, a Gryphon Investors portfolio company, acquired AuNutra Industries. In M&A, Endeavor Health and Rush University System for Health, both Chicago-based, are merging to form a 12-hospital nonprofit with nearly $11b in annual revenue.
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