VENTURE DEALS
- Microphyt, a France-based company specializing in microalgae-based natural solutions for nutrition, raised €28.5 million ($32 million) in funding. Sofinnova Partners and BPI France via the SPI fund co-led the round, and were joined by investors including Supernova Invest, Demeter Partners and Irdi Soridec.
- Node, a San Francisco-based artificial intuition platform provider, raised $16 million in funding. Investors include Mark Cuban, Avalon Ventures, New Enterprise Associates, NewView Capital, GingerBread Capital, Canaan Partners, JetBlue Technology Ventures, Will Smith's Dreamers Fund, MS&AD, Wharton Alumni Fund, Plum Alley and former Google and Microsoft executive James Whittaker.
- GetAccept, a San Francisco-based all-in-one sales platform, raised $7 million in Series A funding. DN Capital led the round.
- SynergySuite, an Ireland-based cloud-based restaurant management platform, raised $6 million in Series A funding. First Analysis led the round, and was joined by investors including Oyster Capital.
- Tyk Technologies Ltd, a London-based develoepr of an API gateway and management platform, raised £4 million ($5 million) in Series A funding. MMC Ventures led the round.
- SupplyCompany, a London and Mumbai-based design-to-delivery sourcing platform, agreed to raise 1.5 million pounds ($1.8 million) in seed funding. Episode 1 is the lead investor.
- Usercentrics, a Germany-based SaaS consent management platform, raised Series A funding of an undisclosed amount. ALSTIN led the round, and was joined by investors including Cavalry Ventures and Reimann Investors.
HEALTH AND LIFE SCIENCES DEALS
- Abivax, a France-based biotech company developing therapies for major inflammatory diseases, raised €12 million ($13.5 million) in funding from Sofinnova Partners.
- DMC, a Boulder, Colo.-based early-stage biotechnology company, raised $10.3 million in Series A funding. Sofinnova Partners led the round, and was joined by investors including Capricorn Venture Partners and Breakthrough Energy Ventures.
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PRIVATE EQUITY DEALS
- Veracity Research Company, a portfolio company of Trinity Hunt Partners, acquired Probe Information Services, a provider of surveillance, background, field investigations and SIU fraud abatement and compliance services. Financial terms weren't disclosed.
- H.I.G. Growth Partners made an investment in MedPro, the affiliated management services organization for Soderstrom Skin Institute. Financial terms weren't disclosed.
- Mirion Technologies, which is backed by Charterhouse, acquired Capintec Inc, a Florham Park, N.J.-based provider of calibration and measurement technologies for nuclear medicine applications. Financial terms weren't disclosed.
- Mountaingate Capital made an investment in RevUnit LLC, a Bentonville, Ark.-based digital strategy and product studio. Financial terms weren't disclosed.
- Equistone Partners Europe Limited agreed to acquire FirstPort, a U.K.-based residential property management company, from Epiris and Chamonix Private Equity. Financial terms weren't disclosed.
IPOs
- Swiss Re, the insurer, pulled the $3.76 billion IPO of its UK life insurance business, ReAssure. Read more.
- Sunnova Energy, a residential solar system company in the U.S., plans to raise $300 million in an offering 17.6 million shares priced between $16 to $18. The firm posted revenue of $118 million in 2018 and loss of $74.2 million. Energy Capital Partners backs the firm. It plans to list on the NYSE as "NOVA." Read more.
- Health Catalyst, a digital records health firm, plans to raise $129 million in an IPO of 6 million shares priced between $20 to $23. The firm posted revenue of $112.6 million and loss of $62 million in 2018. Norwest (20.9% pre-offering), Sequoia (21.9%), and UPMC (6.3%) back the firm. It plans to list on the Nasdaq as "HCAT." Read more.
- Peloton Therapeutics, a Dallas-based biotech focused on kidney cancer, withdrew its $115 million IPO. The firm has yet to post a revenue. The Column Group (19.6%), Topspin Partners (11.3%), and Nextech Invest (5.8%) back the firm. It planned to list on the Nasdaq as "PLTX." Read more.
- InMode Limited, an Israeli maker of minimally-invasive medical aesthetic products, filed for a $75 million IPO. It posted revenue of $85 million and income of $22.4 million in 2018. It plans to list on the Nasdaq as "INMD." Read more.
- Borr Drilling, a Bermuda-based offshore drilling company, filed to raise $50 million in an initial public offering. It currently lists on the Oslo Børs as "BDRILL". Schlumberger Oilfield Holdings backs the firm. It plans to list on the NYSE as "BORR." Read more.
- Madewell, the apparel business backed by J. Crew, has hired investment banks for a U.S. IPO, Reuters reports, citing sources. Read more.
EXITS
- Matterport will acquire Arraiy, a Palo Alto, Calif.-based computer vision and machine learning platform for the motion picture and television industry. Arraiy had raised approximately $14 million in funding from investors including Lux Capital, Softbank Ventures, Dentsu Ventures, Cherry Tree Investments, IDG Capital and CRCM Ventures.
- Just Eat acquired City Pantry, a London-based office catering marketplace, for an initial cash consideration of £16 million ($20 million). City Pantry had raised approximately $6.3 million from investors including Angel CoFund, QVentures, Octopus Investments, and London Co-Investment Fund.
FIRMS + FUNDS
- The Carlyle Group (Nasdaq: CG) raised $2.2 billion for its global infrastructure opportunity fund.
- Palladium Equity Partners, LLC, a New York City-based private equity firm, raised $1.56 billion for its fifth fund, Palladium Equity Partners V, L.P.
- Vista Equity Partners, an Austin, Texas-based private equity and venture capital firm, raised $850 million for its second endeavor fund, Vista Equity Endeavor Fund II.
- Blue Sage Capital, an Austin, Texas private equity firm, raised $198.2 million for its third fund, according to an SEC filing.
PEOPLE
- BlackArch Partners named John Leak as managing director.
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