Startups Raise Over $, Investors Raise $ for New Funds, and $ in M&A TRACT
October 16, 2023's biggest news in the private markets.
Main Street Health, a value-based healthcare organization, raised $315M in funding from various health plan and provider partners.
Fast energy storage startup Skeleton Technologies raised a $114M debt / equity round from Siemens Financial Services, Marubeni Corporation, and others.
Alltrna, a startup unlocking transfer RNA biology, raised a $109M Series B from the company's founder, Flagship Pioneering, and others.
Agomab Therapeutics, a biotech company focused on drug development for Crohn’s Disease, raised a $100M Series C led by Fidelity Management & Research Company.
Swedish fintech startup Invoier received a $61M investment from the European Investment Fund.
Bobnet, a European startup building retail automation solutions, raised a $50M Series B led by NCH Capital.
Stash, an NYC-based investing app, raised a $40M round led by T. Rowe Price.
myenergi, a British smart home energy technology manufacturer, received a $36M investment from Energy Impact Partners.
AI-driven drug delivery startup Mana.bio raised a $19.5M seed round led by a16z, Base4 Capital, NFX, and others.
Bon Vivant, a startup using yeast microorganisms to produce dairy products, raised a $15.8M seed round led by Sofinnova Partners and Sparkfood.
Canopy Servicing, a loan servicing startup, raised a $15.2M Series A1 at a $35M valuation led by Foundation Capital and Infinity Ventures.
Intento, a machine translation and multilingual generative AI platform, raised an $8M Series A led by Somersault Ventures.
Carbon Equity, a climate VC and PE fund investing platform, raised a $6M Series A led by BlackFin Capital Partners.
Relay.app, a workflow automation startup, raised $3.1M in funding led by a16z.
Hook, a music technology platform, raised a $3M seed round led by Point72 Ventures and Waverley Capital.
Beldex, a Seychelles-based privacy ecosystem hub, raised $3M in funding led by Block Alpha.
Volteras, a data startup for EVs, raised a $2.9M seed round from Exor, Long Journey Ventures, and more.
PickNik Robotics, a startup building software for robotics, raised a $2M pre-seed round led by Stellar Ventures and Cypress Growth Capital.
Kodex AI, a Berlin-based startup developing AI-powered solutions for the financial industry, raised a $1.8M round led by Signals VC.
Macquarie Asset Management is in talks with investors to raise as much as $11.5B in total for a trio of funds dedicated to Asia Pacific infrastructure, global renewables and energy transition.
VC LaPhair Capital Partners launched Alpha Fund I, which is targeting $100M, to invest in high-growth companies focused on social responsibility in underserved communities.
Microsoft completed its $69B acquisition of Activision Blizzard.
KKR is preparing its binding bid to buy Telecom Italia’s landline grid; the grid was last valued at $25.3B.
California is preparing a lawsuit to block Kroger’s $24.6B acquisition of Albertsons on the condition that it hurts consumers and workers.
Infrastructure investor Global Infrastructure Partners is considering an up to 51% stake sale in Asian renewable energy company Vena Energy at a ~$15B valuation.
The Qatari group led by Sheikh Jassim Bin Hamad J.J. Al Thani withdrew its bid for Premier League team Manchester United after its latest bid of over $6.1B was rejected.
Canadian pension funds including Canada Pension Plan Investment Board are weighing a potential $3B, 72% sale in Chile’s biggest power-transmission company Transelec.
US PE firm TPG will acquire a 9% stake in Tata Technologies from India's Tata Motors in a deal that values the unit at $2B.
Miami-based infrastructure investor I Squared Capital is aiming to sign a $1.7B deal to acquire Deutsche Bahn's international transport business Arriva as soon as Monday.
NatWest Group Pension Fund is weighing a $1.5B, 50% stake sale in Irish natural gas distributor Phoenix Energy.
PE firms Highview Capital and A&M Capital Partners are exploring a potential sale of meal distributor GS Foods Group at over $1.5B, including debt.
Indian tycoon Peter Sondakh’s conglomerate PT Rajawali is considering a sale of its controlling interest in gold miner PT Archi Indonesia, which has a market value of $623M.
British clothing group Next will buy FatFace in a deal that values the fashion chain at $140M.
Saudi Aramco is exploring a potential bid for Shell’s Pakistan assets, including Karachi-listed $123M Shell Pakistan.
Morgan Stanley and Cerberus Capital Management are among bidders for a quarter of UK pub operator Stonegate Pub’s pubs.
French investment firm Wendel is exploring a potential acquisition of PE firm IK Partners.
Chinese investment bank Guotai Junan Securities will buy a 49% stake in CPIC Fund Management from German insurer Allianz.
PIF-backed Professional Fighters League is in talks to acquire its mixed martial arts competitor Bellator.