Axios Pro

Pro Premium: First Look

Date

Jul 8, 2025

Author

Lucinda Shen

Venture Capital

SpaceX is in talks to raise money and sell insider shares that could value it ataround $400b, per Bloomberg. Go deeper

💊 Centivax, which is developing a universal flu vaccine, raised $45m in Series A funding. Future Ventures led, joined by NFX, BOLD Capital, Base4, KendallCapital Partners, and Amplify Bio. Go deeper

Honor Education, an SF-based learning platform, raised $38m in Series A funding from Alpha Edison, Wasserstein & Co, Audeo Ventures, InterlockPartners, and New Wave Capital. Go deeper

Parspec, an SF-based construction products software company, raised $20m inSeries A funding led by Threshold Ventures and joined by Innovation Endeavors,Building Ventures, Heartland Ventures, and Hometeam Ventures. Go deeper

Hololight, an Austrian developer of XR pixel-streaming tech, raised €10m. Cipio Partners led, joined by Bayern Kapital, Direttissima Growth Partners, EnBW NewVentures, and Future Energy Ventures. Go deeper

Castellum.AI, a New York-based financial crime compliance platform, raised$8.5m in Series A funding. Curql, led, joined by BTech Consortium, FrameworkVenture Partners, Spider Capital, Remarkable Ventures, and Cameron Ventures. Go deeper

🚑 Plexāā, a British developer of medical devices for breast surgery, raised $4.5min seed extension funding from TCP Health Ventures and Thena Capital. Go deeper

OneText, a text-to-buy network for e-commerce, raised $4.5m in seed funding from Khosla Ventures, Coatue, Citi Ventures, YC, and Good Friends. Go deeper

Private Equity

Didomi, a French data privacy and consent tech provider owned by MarlinEquity Partners, acquired New York-based rival Sourcepoint, which had raised nearly $50m from firms like Arrowroot Capital and Northzone Ventures. Go deeper

GTCR invested in Clear Capital, a Reno, Nev.-based provider of residential property valuation services. Go deeper

Nautic Partners acquired Ideal Tridon, a Smyrna, Tenn.-based maker of fastening, sealing, and support systems, from TruArc Partners. idealtridon.com

🌎 SEMCAP Food & Nutrition invested in Fresh Prep, a sustainability-focused meal subscription service. freshprep.ca

Strategic Value Partners agreed to acquire Red Oak Power, an 831 MW natural gas-fired combined-cycle generation facility in Sayreville, N.J, from Morgan Stanley Investment Management. Go deeper

Tilia acquired Caputo Cheese, a Melrose Park, Ill.-based maker of Italian cheeses, from Promus Equity Partners. caputocheese.com

🌎 WinCup, a Georgia-based maker of disposable cups and backed by Atar Capital, has acquired Conver Pack Inc., a paper cup manufacturer. Go deeper.

M&A

💊 Concentra Biosciences, a San Diego biotech acquirer, agreed to buy SanCarlos, Calif.-based cancer treatment company Cargo Therapeutics (Nasdaq:CRGX) for $4.38 per share in cash. Go deeper

Egon Zehnder, a Swiss exec search firm, agreed to acquire New York-based Prince Houston Group. Go deeper

Eudia, a Palo Alto, California-based legal tech company, acquired Irish alternative legal service provider Johnson Hana. Go deeper

OpenSea acquired Rally.xyz, a crypto wallet and NFT collecting startup backed by Exponential and 6th Man Ventures. Go deeper

💊 Quanterix (Nasdaq: QTRX) completed its acquisition of biomarkers developer Akoya Biosciences for around $64m in stock and cash. Go deeper

Walt Disney (NYSE: DIS) and Hearst are weighing a sale of their A+E GlobalMedia joint venture, which includes the History Channel and Lifetime, perBloomberg. Go deeper

Funds

One Rock Capital closed its fourth flagship fund and its inaugural lower middle market fund with a combined $3.97b. Go deeper

Debt

💊 Phil, an SF-based provider of tech for pharmaceutical commercialization, raised $60m in growth debt financing from K2 HealthVentures. Go deeper

Odds & Ends

💊 Recursion Pharmaceuticals (Nasdaq: RXRX) acquired the full rights to Rallybio's (Nasdaq: RLYB) metabolic bone disease treatment for up to $25m. Go deeper

- Ryan Barwick, Natalie Breymeyer, Erin Brodwin, Colin Campbell, Katherine Davis,Katie Fehrenbacher, Ryan Lawler, Chris Metinko, Alan Neuhauser, and Dan Primack contributed to this report.