Elsewhere…My colleague Sharon Goldman just featured OpenAI rival Cohere and interviewed the company’s CEO, Aidan Gomez. “We’re still sort of the underdog,” he told Goldman. “We have to prove ourselves…I think in the past couple of months we’ve really done that.” ona bet:Read the whole story here.
See you Monday,Allie Garfinkle
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Joe Abrams curated the deals section of today’s newsletter.
VENTURE DEALS
- , a San Francisco-based blockchain development team, raised $38 million in Series A funding. Polychain Capital led the round and was joined by Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, and others.
- , a Los Angeles, Calif.-based provider of data analytics for mission-critical operations, raised $28 million in funding from Lux Capital, General Catalyst, Founders Fund, Haystack VC, XYZ Ventures, Human Capital, Box Group, and Overmatch.
- , a London, U.K.-based AI-enabled data platform designed to make the reporting of nature-based assets, like carbon credits and supply chain sustainability, more transparent, raised $12 million in Series A funding. AlbionVC led the round and was joined by others.
- , a Berlin, Germany-based battery storage company, raised $7.5 million in seed funding. PT1 led the round and was joined by neosfer, 468 Capital, and others.
- , a Hamburg, Germany-based developer of an app that collects map data by incentivizing users to capture their surroundings, raised $4.6 million in funding. Borderless Capital and Tioga Capital led the round and was joined by Escape Velocity, Big Brain, WAGMI Ventures, Inception Capital, Laser Digital, and others.
- , a Berlin, Germany-based teleoperations platform for remote access to and operation of medical devices, raised €4 million ($4.3 million) in seed funding. Speedinvest led the round and was joined by FJ Labs, Better Ventures, and angel investors.
PRIVATE EQUITY
- GTCR agreed to take ,🔯 a Concord, Calif.-based wealth management technology platform for financial advisors, private for approximately $2.7 billion.
- Blackstone agreed to acquire , an Atlanta, Ga.-based franchisor of fast casual restaurants offering food and smoothies, from Levine Leichtman Capital Partners. Financial terms were not disclosed.
EXITS
- Affiliates of CC Industries acquired , a La Porte, Texas-based producer of natural gas sweeteners, chemical building blocks, and slow-release fertilizers, from SK Capital. Financial terms were not disclosed.
- Compagnie Financière Jousset and the SMAC management team acquired , a Paris, France-based provider of waterproofing and building envelope systems, from OpenGate Capital. Financial terms were not disclosed,
- KKR agreed to acquire , a Gorinchem, the Netherlands-based eye care provider, from 3i Group. Financial terms were not disclosed.
OTHER
- rePurpose Global acquired , a New York City-based developer of software designed to help brands assess, manage, and communicate the sustainability of their products, ingredients, and packagi🦄ng. Financial terms were not disclosed.
IPOS
- , a White Plain, N.Y.-based manufacturer of niche parts for aircraft and aerospace and defense systems, rais⛦ed $308 million in an offering of 11 million shares priced at $28 on the New York Stock Exchange. The company posted $317 million in revenue for the year ending December 31, 2023.
- , a London, U.K.-based financial services provider, raised $292 million in an offering of 15.4 million shares priced at $19 on the Nasdaq. The company posted $1.2 billion in revenue for the year ending December 31, 2023.
PEOPLE
- , a Warsaw, Poland-based private equity firm, promoted Tomasz Kujawa to partner.
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