Startups Raise Over $67.9M, Investors Raise $205M for New Funds, and $54B in M&A
November 6, 2023's biggest news in the private markets.
Gynesonics, a minimally invasive solutions startup for uterine fibroids, raised a $42.5M round led by Amzak Health, Endeavor Vision, Kaiser Permanente Ventures, and Runway Growth Capital.
Cyber defense startup Wraithwatch raised an $8M seed round led by Founders Fund.
Ambercycle, a molecular regeneration technology company for the fashion industry, raised $5M in funding led by Drive Catalyst.
HeartBeat.bio, a biotech startup providing a human organoid and AI-supported drug discovery platform for heart disease, raised a $4.8M pre-series A led by i&i Biotech Fund, Invest AG, and Tensor Ventures.
Carepatron, a healthcare management platform, raised a $4M seed round from Blackbird and TQ Ventures.
Ophthalmic medical device startup Pantheon Vision raised a $2.5M seed round led by KeraLink International.
GlassFlow, a Berlin-based data streaming platform, raised a $1.1M pre-seed round led by High-Tech Gründerfonds, TinyVC, Roosh Ventures, and others.
Pan-African VC Norrsken22 closed its debut fund, Norrsken22 African Tech Growth Fund, at $205M
Telecom Italia’s board approved the sale of its landline network to KKR in a $23.6B deal backed by the Italian government.
Origin Energy’s top investor AustralianSuper boosted its stake in the energy company by 1.2% to 15% after rejecting an improved $12.5B takeover offer from a Brookfield Asset Management-led consortium; AusSuper declined further talks with Brookfield.
British regulators cleared Cameco and Brookfield Renewable Partners' $7.9B acquisition of nuclear power plant equipment maker Westinghouse Electric.
Saudi Arabia expressed interest in investing up to $5B for a stake in $30B Indian Premier League, international cricket’s most lucrative event.
PE firm Platinum Equity is in advanced talks to purchase Kohler’s generators division for over $3B.
Polywood, a maker of recycled plastic outdoor furniture, is exploring options including a sale that could value the PE-backed company at ~$1B.
Buyout firm The Jordan Company is in exclusive negotiations to acquire medical equipment maker Tidi Products from Roundtable Healthcare Partners for at least $900M.
Ineos CEO Jim Ratcliffe is looking to invest $300M in Manchester United's infrastructure in addition to a $1.5B+ offer to acquire a 25% stake in the football club.
Greece's biggest power utility Public Power will acquire retailer Kotsovolos from British electrical retailer Currys in a $215M deal.
Investment bank Houlihan Lokey is in talks to acquire Triago, a placement agent best known for assisting private equity firms with fundraising.
RidgeLake Partners will acquire a minority stake in middle-market buyout firm Gridiron Capital from the firm.