VENTURE DEALS
- Clio, a Vancouver-based legal tech company, raised $250 million Series D funding. TCV and JMI Equity co-led the round.
- VillageMD, a Chicago-based provider of primary care, raised $100 million in Series B funding. Kinnevik AB led the round, and was joined by investors including Oak HC/FT, Town Hall Ventures and Adams Street Partners.
- Culture Amp, an Australia-based employee engagement and performance platform, raised $82 million in Series E funding. Sequoia Capital China led the round.
- PerimeterX, a San Mateo, Calif.-based developer of web security solutions, raised $14 million as an extension of its previous Series C funding round. Investors include Deutsche Telekom Capital Partners, Salesforce Ventures, Scale Venture Partners, Adam Street Partners, Canaan Partners, Vertex Ventures and Data Collective (DCVC).
- Bellwether Coffee, a Berkeley, Calif.-based maker of a commercial coffee roaster, raised $40 million in Series B funding. DBL Partners and Lyndon and Peter Rive co-led the round, and were joined by investors including FusionX, Congruent Ventures, Coffee Bell, Tandem Capital, Spindrift Equities, XN Ventures, Balius Partners and Hardware Club.
- Sight Machine Inc., a San Francisco-based digital manufacturing platform, raised funding from the Sony Innovation Fund. Sony is joining the $29.4 million Series C funding round.
- 75F Inc., a Burnsville, Minnesota-based provider of wireless building automation for commercial buildings, raised $18 million in Series A funding. Breakthrough Energy Ventures and Climate Initiative co-led the round, and were joined by investors including Building Ventures, Revolution's Rise of the Rest Seed Fund, and Clean Energy Trust.
- Kasisto, a New York City-based provider of a digital experience platform for the financial services industry, raised $15 million in funding. Rho Capital Partners led the round, and was joined by investors including Oak HC/FT, Propel Venture Partners, Two Sigma Ventures, Commerce Ventures and the Partnership Fund for New York City.
- Culture Fresh Foods, a Naugatuck, Conn.-based $11 million in Series A funding. Investors include CEI Ventures and FreshTracks Capital.
- Light, a Brooklyn-based company designing a minimalistic phone, raised $8.4 million in seed funding. Investors include Foxconn, Hinge Capital, Bullish, White Bay Group, Able Partners, Product Co-Op, and SOSC.
- RocketBody, a Delaware-based maker of an ECG-based personal trainer app for the Apple Watch, raised $1 million in funding from Gagarin Capital.
HEALTH & LIFE SCIENCES DEALS
- M2i Life Sciences, a France-based producer of pheromones to that aim to sustainably and economically replace chemical pesticides in agriculture, raised 60 million euros ($65.6 million) in funding. ADM Capital Europe led the round.
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PRIVATE EQUITY DEALS
- Barcodes Group, a portfolio company of Odyssey Investment Partners, acquired Plasco ID Holdings LLC, a Miami, Fla.-based provider of ID badging, access control, and visitor management solutions. Financial terms weren't disclosed.
- Pareto Health Inc., a Philadelphia-based company that organizes health coverage for groups of businesses that pay medical bills directly, raised more than $80 million from Great Hill Partners.
- Investcorp acquired a majority stake in CM Investment Partners LLC, an external investment adviser to Investcorp Credit Management BDC Inc. Financial terms weren't disclosed.
- Therma Holdings, a portfolio company of Gemspring Capital, acquired VarcoMac LLC, a Baltimore-based provider of electrical systems and solutions serving the commercial, institutional and government markets. Financial terms weren't disclosed.
- Brightstar Capital Partners agreed to acquire Capstone Nutrition, an Ogden, Utah-based developer and manufacturer of nutrition products. Financial terms weren't disclosed.
- The Carlyle Group agreed to make an investment in HireVue, a South Jordan, Utah-based provider of AI-driven talent assessment and video interviewing solutions. Financial terms weren't disclosed.
IPOs
- Metro Pacific Hospitals Holdings, the Philippines' largest hospital chain, filed for an IPO in the country to raise as much as 83.33 billion pesos ($1.6 billion). Metro Pacific Investments Corp. backs the firm. Read more.
- Envista Holdings, a Brea, Calif.-based maker of dental supplies carved out of Danaher, plans to raise $602 million in an initial public offering. It posted revenue of $2.8 billion and earnings of $237.7 million in 2018. Foresite Capital, Venrock, Paladin Capital, and Fidelity back the firm. It plans to list on the NYSE as "NVST." Read more.
- Vir Biotechnology, a San Francisco-based biotech focused on immunologic therapies for infectious diseases, plans to raise $100 million in an initial public offering. It posted revenue of $10.7 million and a loss of $115.9 million in 2018. ARCH Venture Partners and SoftBank back the firm. It plans to list on the Nasdaq as "VIR." Read more.
- 10x Genomics, a Pleasanton, Calif.-based maker of instruments for analyzing biological information, plans to raise $297 million in an initial public offering of 9 million shares priced between $31 to $35 apiece. It posted revenue of $146.3 million and a loss of $112.5 million in 2018. Foresite Capital, Venrock, Paladin Capital, and Fidelity back the firm. It plans to list on the Nasdaq as "TXG." Read more.
- Satsuma Pharmaceuticals, a South San Francisco-based clinical-stage biotech for migraines, plans to raise $75 million (33% insider bought) in an IPO of 5 million shares priced between $14 to $16. The firm has yet to post a revenue and posted a loss of $7.3 million in 2018. RA Capital, TPG Biotechnology Partners, and Shin Nippon Biomedical Laboratories back the firm. It plans to list on the Nasdaq as "STSA." Read more.
- Alerus Financial, a Grand Forks, N.D.-based financial services firm, plans to raise $75 million in an IPO of 3.3 million shares likely between $22 to 24. The firm posted net interest income of $75.2 million, noninterest income of $102.7 million, and net income of $25.9 million in 2018. It plans to list on the Nasdaq as "ALRS." Read more.
- BELLUS Health, a Quebec, Canada-based biotech focused on chronic coughs, filed to raise $60 million in a US offering. OrbiMed backs the firm. It last traded in Toronto at about $7 apiece. It plans to list on the Nasdaq as "BLU."
- VkusVill, a Russian supermarket chain, is planning a New York IPO, per Reuters. Read more.
EXITS
- Vertex Pharmaceuticals Incorporated agreed to acquire Semma Therapeutics, a Cambridge, Mass.-based biotech company focused on treating type 1 diabetes, for $950 million in cash. Semma had raised approximately $163 million in venture funding from investors including Eight Roads Ventures, Cowen Healthcare Investments, MPM Capital, F-Prime Capital Partners, ARCH Venture Partners, Novartis, Medtronic, JDRF T1D Fund, ORI Healthcare Fund, Wu Capital, 6 Dimensions Capital and SinoPharm Capital.
FIRMS + FUNDS
- Freeman Spogli & Co, a Los Angeles-based private equity firm, raised $1.85 billion for its fund, FS Equity Partners VIII, L.P.
- Ford Financial Fund, a Dallas, Texas-based private equity firm, raised more than $1 billion for its third fund.
- Atlantic Street Capital, a Stamford, Conn.-based private equity firm, raised $500 million for its fourth fund, Atlantic Street Capital IV LP.
- MiddleGround Capital, a Lexington, Ky.-based private equity firm, raised $459.5 million for its debut fund.
- Xiang He Capital, a China-based venture capital firm, $425 million for its second USD-denominated venture fund.
PEOPLE
- Alex Ferree and Eric Kim joined Grant Avenue Capital as senior associates and Sari Ring joined as chief of staff.
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