Sourcery (4/25-4/29)

Met Gala ~ 0x Labs, TheGuarantors, Venly, Kard, Our Happy Company, CXIP Labs, Mad Realities, Afterparty, Concert Health, Waltz Health, Wisq, Frame Fertility, Anduril Industries, OneFootball, Hour One

The first Monday in May has arrived, and the most extravagant fashion-fwd fundraiser is back again. The Met Gala. Kim K finally revealed she is no longer a shadow, but in fact the star of the show, rocking the dress Marilyn Monroe wore in 1962 valued at ~$5m with Pete D by her side (spray tan and all)… they’re the company you wished you could’ve met at the seed round because at over $95B they’re the most competitive private cap table… Stripe is that you? So, why don’t we take this time to compare some of the best haute moments with something we’re all more familiar with… startups.

1. Cardi B - the startup that hit it big and has raised more money than they know what to do with it, in all gold Versace… Yuga Labs we’re watching you

2. Alessandro Michele & Jared Leto - the creative director of Gucci and his muse take the red carpet like the founder and their prized possession companies… Elon and Tesla, SpaceX, The Boring Co, Neuralink… Twitter

3. Megan Thee Stallion - in a feathery gold Moschino look about to take flight. With only 2.2% of total funding in 2021 going to female founders, she’s leading the movement…. valued over $40B that’s Canva’s Melanie Perkins

4. Kiki Layne - in a effortless soft and floral, glowing, Prabal Gurung, founded only a couple of years ago but exceeding expectations and making our jaws drop in their presence… FTX

5. Blake Lively - the queen has arrived, everyone knows her, in a Atelier Versace, transformational optical illusion that has the people in her hands, especially their wallets… OpenSea

And one more look for good measure.

Elon Musk swaps Grimes for his mom, Maye Musk in Dior, a wholesome duo you can’t talk bad about when he’s ruling the tech solar system. The world’s richest man and his mother. Cute.

Okay… back to the show.

. . .

Last Week (4/25-4/29):

Relevant deals include the 60+ deals across stages below. 

I've categorized the deals below into four categories, Fintech, Care, Enterprise & Consumer, and Sustainability, and ordered from later-stage rounds to early-stage rounds. Highlighted deals include 0x Labs, TheGuarantors, QuotaPath, Vanilla, Copper, Venly, Kard, Our Happy Company, CXIP Labs, Mad Realities, Afterparty, JustFi, Ribon, Streamlined, Vivian Health, Concert Health, Syllable, Waltz Health, Wisq, Frame Fertility, Ruth Health, Anduril Industries, SonarSource, OneFootball, Harness, Pollen, Mavrck, Veza, Qualified, Replicant, RelationalAI, Coherent, Upside, Adept, Inventa, Moveable Ink, Riverside.fm, ARMO, Exafunction, Rooser, Doppler, Hour One, CommandBar, Mozart Data, Radius, Bounce, Crafty, Ravio, Womp, Loops, SellX, Brimestone, Sealed, SWTCH Energy, Neutral Foods, BattGenie; OpenSea, Descartes, ClickUp, Mondelez, Synopsys; Bausch + Lomb; SoundHound AI

Notable fund raises, Left Lane Capital raised a whopping $1.4B for their second fund for global internet and consumer tech cos, Union Square Ventures raised $275M for a new core fund and $350M for an opportunity fund, Slow Ventures raised $325 for two funds, a pre-seed/seed fund and a later stage fund, and Flare Capital Partners raised $350 for its third health tech fund

Final numbers on Elon Musk’s Funding Sources for Buying Twitter at the bottom.

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Deals 

Sources: TS, Pro Rata, FinSMEs, Pitchbook, StrictlyVC

Fintech:

- Taxfix, a Germany-based robo-tax service, raised $220 million in Series D funding led by Teachers' Venture Growth, with Index Ventures, Valar Ventures, Creandum and Redalpine also participating. http://axios.link/Cqeg

- 0x Labs, a San Francisco-based decentralized exchange infrastructure provider, raised $70 million in Series B funding led by Greylock Partners. 

- TheGuarantors, a New York-based financial and insurance solutions company for renters and landlords, raised $50 million in series C funding led by Portage Ventures and was joined by investors including Kensington Capital Partners, Arch Capital Group, Roosh Ventures, Alven, and others. 

- QuotaPath, an Austin and Philadelphia-based commissions tracking and automation solution for sales and revenue teams, raised $41 million in Series B funding led by Tribe Capital and was joined by investors including Insight Partners, ATX Venture Partners, Stage 2 Capital, and Integr8d Capital.

- Vanilla, a Los Angeles-based estate and wealth management platform, raised $30 million in Series B funding led by Insight Partners and was joined by investors including Venrock, Michael Jordan, Bill McNabb, and others. 

- Copper, a Seattle-based banking account and debit card company for teens, raised $29 million in Series A funding led by Fiat Ventures and was joined by investors including Panoramic Ventures, Insight Partners, Invesco Private Capital, and others. 

- Venly, an Antwerp, Belgium-based blockchain technology provider, raised more than $23 million in Series A funding led by Courtside Ventures and was joined by investors including Transcend Fund, Coinbase Ventures, Tioga Capital, High-Tech Gründerfonds, Fortino, Plug and Play, Leadblock Partners, Imec Istart, Powerhouse, and Alpaca VC. 

- Kard, a New York-based loyalty rewards platform, raised $23 million in Series A funding led by Tiger Global and was joined by investors including Fin Capital, s12f, and Underscore VC. 

- Leasecake, an Orlando, Fla.-based operating system for lease and location management, raised $12 million in Series A funding led by PeakSpan Capital and was joined by investors including Las Olas Venture Capital, Branded Strategic Hospitality, and others.

- Bastion, a DeFi protocol on the Aurora blockchain, raised $9m in Series A funding. Three Arrows Capital led, and was joined by FTX Ventures, Jump Crypto, Jane Street, CMS Holdings and Crypto.com. http://axios.link/Hzzo

- Our Happy Company, a Los Angeles-based blockchain technology builder for the creator economy, raised $7.5 million in seed funding led by Infinity Ventures Crypto and Animoca Brands. 

- HomePace, a Park City, Utah-based home equity investments provider, raised $7 million in Series A funding led by LEN X and was joined by investors including Bling Capital, Ride Ventures, and NextView Ventures. 

- CXIP Labs, a Los Angeles-based NFT minting software developer, raised $6.5 million in funding. Courtside Ventures and Wave Financial led the round and were joined by investors including Vaynerfund, Diplo, Gmoney, Pussy Riot’s Nadya, Justin Aversano, Arca NFT Fund, Infinity Ventures Crypto, Kenetic Capital, Mirana Ventures, Company Ventures, Avalaunch, Soma Capital, Kosmos VC, Palm Drive Capital, and other angels.

- Fancurve, a New York-based blockchain-enabled digital sports fashion company, raised $6.25 million in seed funding led by Greenfield One and was joined by investors including Shima Capital, 6th Man Ventures, OneFootball, Reverb Ventures, Valhalla Capital, MP & Silva co-founder Carlo Pozzali, Sorare growth lead Brian O’Hagan, OneFootball CEO Lucas Von Cranach, and soccer players André Schürrle and Mario Götze.

- Mad Realities, a New York-based crypto media company, raised $6 million in seed funding led by Paradigm and was joined by Paris Hilton’s 11:11 Media and others.

- Afterparty, a Los Angeles-based NFT community building platform, raised $4 million in funding from investors including Paris Hilton, The Syndicate’s Jason Calacanis, Blockchange Ventures, Acrew Capital, and others. 

- Audit Sight, an Atlanta-based auditing verification platform, raised $4 million in Seed+ funding from Hyde Park Venture Partners. 

- JustiFi, a St. Paul. Minn.-based vertical SaaS payments platform, raised $4 million in Seed+ funding led by Crosslink Capital and was joined by investors including Rally Ventures and Emergence Capital.

- Audit Sight, an Atlanta-based maker of auditing tools, raised $4m in additional seed funding from Hyde Park Venture Partners. www.auditsight.com

- OneVest, a Calgary and Toronto-based wealth management platform for fintechs, digital banks, and financial institutions, raised CAD $5 million ($3.91 million) in seed funding led by Luge Capital and was joined by investors including OMERS Ventures, AAF Management, FJ Labs, NAventures, Panache Ventures, and other angels.

- Ribon, a remote-based fund donation application developer, raised $3.5 million in post-seed funding led by Valor Capital Group and was joined by investors including Bitkraft, Kenetic, Flori Ventures, 2TM funds, YGG CEO Gabby Dizon, Balancer CEO Fernando Martinelli. 

- Streamlined, an Oakland, Calif.-based invoicing and payments startup, raised $3m in seed funding led by Greycroft and SignalFire, with Unusual Ventures and others also participating. http://axios.link/ktqX

- Charityvest, an Atlanta-based charitable giving account company, raised $2.2 million in seed extension funding from investors including CEO of Jackson Healthcare Rick Jackson, DURO VC, and CEO of UMANA Family Office Ba Minuzzi.

- Vesta Equity, a Los Angeles and Toronto-based home equity marketplace, raised more than $2.2 million in seed funding from investors including Woodstock Fund, Frontiers Capital, Supporters Fund, Greg Wolfond, and other angel investors. 

- BeSafe Group, the Rome-based parent company of BeSafe Rate, a travel and insurtech, raised €1.2 million ($1.27 million) in funding from investors including CDP Venture Capital and Prana Ventures SICAF.

. . .

Care:

- Vivian Health, a San Francisco-based health care jobs marketplace, raised $60 million in funding led by Thoma Bravo and was joined by investors including IAC and Collaborative Fund. 

- Concert Health, a San Diego-based behavioral health medical group, raised $42 million in Series B funding led by Define Ventures and was joined by investors including Healthy Ventures, Vertical Venture Partners, Townhall Ventures, CommonSpirit Health, and Advent Health. 

- Syllable, a Sunnyvale, Calif.-based health care automation platform, raised $40 Million in Series C funding led by TCV and was joined by investors including Oak HC/FT, Section32, and Verily. 

- Waltz Health, a Chicago-based digital prescription pricing health company, raised $35.4 million in Series A funding led by GV and was joined by investors including Define Ventures, Echo Health Ventures, Blue Venture Fund, Byers Capital, Twine Ventures, and others.  

- Madison Reed, a San Francisco-based hair coloring beauty brand, raised $33 million in funding led by Sandbridge Capital and was joined by Marcy Venture Partners.

- Wisq, a Redwood City, Calif.-based relationship building platform for employees, raised $20 million in Series A funding led by Norwest Venture Partners and was joined by investors including True Ventures and Shasta Ventures. 

- Pillsorted, a London-based personalized delivery pharmacy startup, raised $6m in seed funding from Pear VC, Hoxton Ventures and Edison Partners. http://axios.link/cerR

- Frame Fertility, an SF-based virtual reproductive support startup, raised $3m in seed funding, per Axios Pro. Looking Glass Capital led, and was joined by Flare Capital Partners, Great Oaks Venture Capital, Healthworx and Brand Foundry Ventures. http://axios.link/7NsE

- Ruth Health, a Los Angeles and New York-based women-focused telehealth and comprehensive care platform, raised $2.4 million in seed funding led by Giant Ventures and was joined by investors including Citylight VC, Cleo Capital Scout Fund, Crista Galli Ventures, Duro VC, Emmeline Ventures, Gaingels, Global Founders Capital, Pentas Ventures, SOMA Capital, Techstars, Torch Capital, YCombinator, and other angels. 

. . . 

Enterprise & Consumer: 

- Anduril Industries, a Costa Mesa, Calif.-based AI–powered defense tech startup, is raising at least $500 million in Series E funding at a $7 billion valuation, per The Information. http://axios.link/m4yP

- SonarSource, a Geneva-based clean code platform, raised $412 million in funding. Advent International and General Catalyst led the round and were joined by investors including Insight Partners and Permira’s Growth Opportunities Fund. 

- OneFootball, a Berlin-based soccer media platform, raised $300 million in Series D funding led by Liberty City Ventures and was joined by investors including Animoca Brands, Dapper Labs, DAH Beteiligungs, Quiet Capital, RIT Capital Partners, Senator Investment Group, and Alsara Investment Group. 

- Harness, a San Francisco-based software delivery platform, raised $175 million in Series D funding led by Norwest Venture Partners and was joined by investors including J.P. Morgan, Capital One Ventures, Splunk Ventures, Adage Capital Partners, Balyasny Asset Management, Gaingels, Harmonic Growth Partners, ServiceNow, Menlo Ventures, IVP, Unusual Ventures, Citi Ventures, Battery Ventures, Alkeon Capital, GV, Sorenson Capital, Thomvest Ventures, and Silicon Valley Bank. 

- Divergent Technologies, an LA-based automotive manufacturing startup, raised $160m in Series C funding from investors like Tom Steyer and former Goldman Sachs president John Thornton. www.divergent3d.com

- Pollen, a London and Los Angeles-based travel and entertainment technology company, raised $150 million in Series C funding from investors including Kindred, Lansdowne Partners, Northzone, Sienna Capital, Backed, and Molten Ventures.

- Agility Robotics, a Corvallis, Ore.-based warehouse robot manufacturer, raised $150 million in Series B funding led by DCVC and Playground Global and was joined by investors including The Amazon Industrial Innovation Fund, MFV Partners, ITIC, Robotics Hub, Safar Partners, Sony Innovation Fund, and TDK Ventures.

- Mavrck, a Boston-based influencer platform, raised $135 million in funding from Summit Partners. In addition, the company acquired Later, a Vancouver-based social media marketing and commerce platform for small business owners and creators.

- Veza, a Palo Alto, Calif.-based data security platform, raised $110 million in funding led by Accel. http://axios.link/ojIP

- HARTBEAT, an Encino, Calif.-based multi-platform media company from Kevin Hart, raised $100 million in funding from Abry Partners.

- Capella Space, an SF-based provider of on-demand Earth observation data via space radar, raised $97m in Series C funding. NightDragon led, and was joined by insiders DCVC and Cota Capital. www.capellaspace.com

- Qualified, a San Francisco-based lead generation platform, raised $95 million in Series C funding led by Sapphire and was joined by investors including Tiger Global, Norwest Venture Partners, Redpoint Ventures, and Salesforce Ventures. 

- Replicant, a San Francisco-based contact center automation company, raised $78 million in Series B funding led by Stripes and was joined by investors including Salesforce Ventures, IronGrey, Omega Venture Partners, Norwest, and Atomic.

- RelationalAI, a Berkeley, Calif.-based intelligence data apps developer, raised $75 million in Series B funding led by Tiger Global and was joined by investors including Madrona Venture Group, Addition, and Menlo Ventures.

- Coherent, a Tampa, Fla.-based no-code SaaS provider, raised $75 million in Series B funding. Maverick Capital and Maverick Ventures led the round and were joined by investors including Owl Rock, GreatPoint Ventures, Cathay Innovation, and Franklin Templeton. 

- Upside, a Washington D.C.-based retail technology company, raised $65 million in funding from investors including General Catalyst, Bessemer Ventures, and Builders VC. 

- Adept, a San Francisco-based research and product A.I. lab, raised $65 million in Series A funding led by Greylock and Addition and was joined by investors including Root Ventures, Behance founder Scott Belsky, Airtable founder Howie Liu, Stanford’s Chris Re, the head of Tesla Autopilot Andrej Karpathy, and Sarah Meyohas.

- Inventa, a São Paulo-based B2B wholesale marketplace for shopkeepers, raised $55 million in Series B funding led by Greylock and was joined by investors including Greenoaks, Andreessen Horowitz, Monashees, Founders Fund, Tiger Global, NXTP, ONEVC, MAYA, Pear VC, Avenir Growth, and A* Capital.

- Movable Ink, a New York-based content personalization provider, raised $55 million in Series D funding led by Silver Lake Waterman and was joined by investors including Contour Venture Partners, Intel Capital, and others.

- Riverside.fm, a Tel Aviv-based remote recording platform, raised $35 million in Series B funding led by Oren Zeev and was joined by investors including Lachy Groom and Alexis Ohanian’s Seven Seven Six. 

- Lemon Perfect, an Atlanta-based lemon water brand, raised $31 million in Series A funding from investors including Beyoncé Knowles-Carter, Beechwood Capital, Goat Rodeo Capital, and Trousdale Ventures.

- ARMO, a Jerusalem-based Kubernetes security platform, raised $30 million in Series A funding led by Tiger Global and was joined by investors including Hyperwise Ventures, Pitango First, and Peled Ventures. 

- Verana Networks, a Chelmsford, Mass.-based 5G radio-access networks solutions developer, raised $28 million in a Series B funding led by DC Investment Partners and was joined by investors including Spark Capital, BOLD Capital Partners, Aspiro Capital, Taiwania Capital, and TDK Ventures. 

- Food Rocket, a Chicago-based ultra-fast grocery delivery service, raised $25m in series A funding led by Alimentation Couche-Tard's Circle K fund. http://axios.link/mnHy

- Enveil, a Fulton, Md.-based data security platform, raised $25 million in Series B funding led by USAA and was joined by investors including Mastercard, Capital One Ventures, C5 Capital, DataTribe, In-Q-Tel, Cyber Mentor Fund, Bloomberg Beta, GC&H, and 1843 Capital. 

- Exafunction, a San Francisco-based deep learning infrastructure company, raised $25 million in Series A funding led by Greenoaks and was joined by Founders Fund.

- Rooser, a British online marketplace for trading fresh fish, raised $23m. Index Ventures led, and was joined by GV and Point Nine Capital. http://axios.link/Zk5S

- Doppler, a San Francisco-based data encryption and management platform, raised $20 million in Series A funding led by CRV and was joined by investors including Google Ventures, Sequoia Capital, and Y Combinator. 

- Hour One, an Israeli developer of "virtual twin" tech, raised $20m in Series A funding. Insight Partners led, and was joined by Galaxy Interactive, Remagine Ventures, Kindred Ventures, Semble Ventures, Cerca Partners and Digital-Horizon. http://axios.link/jHil

- CommandBar, a San Francisco-based software development company, raised $19 million in Series A funding co-led by Insight Partners and co-founder of Lightricks Itai Tsiddon and was joined by investors including Thrive Capital and BoxGroup. 

- Synthesis AI, a San Francisco-based synthetic data platform, raised $17 million in Series A funding led by 468 Capital and was joined by investors including Sorenson Ventures, Strawberry Creek Ventures, Bee Partners, PJC, iRobot Boom Capital, and Kubera Venture Capital.

- Mozart Data, a San Francisco-based data platform, raised $15 million in Series A funding led by Craft Ventures and was joined by investors including Goldcrest Capital, Spearhead, Apollo Projects, and Valor Equity Partners. 

- Radius, a San Francisco-based real estate brokerage, raised $13 million in Series A funding led by Crosscut Ventures and NFX. 

- Bounce, a Lisbon-based luggage storage provider to travelers, raised $12 million in Series A funding led by Andreessen Horowitz.

- Crafty, a Chicago-based workplace management platform for food, beverage, and supplies for employees, raised $10 million in Series A funding led by Tribeca Venture Partners and was joined by investors including Greycroft, OCA Ventures, Gaingels, 7BC, and Bluestein Ventures.

- Lucid Green, a Brooklyn-based cannabis supply chain startup, raised $10m in Series A funding. Gron Ventures led, and was joined by Gotham Green Partners. http://axios.link/50rB

- Ravio, a London-based compensation insights platform, raised $10 million in seed funding led by Northzone and was joined by investors including Cherry Ventures and Spark Capital.

- Womp, a New York-based maker of cloud-based 3D creation software, raised $4.7m in seed funding led by Female Founders Fund and Haystack. NEO Investment Partners, Ari Aster and Daniel Katz also participated. http://axios.link/Wz9a

- HireLogic, a Dallas-based HR software firm for the interview process, raised $4 million in seed funding from investors including former CEO and chairman of the board of Motorola Edward J. Zander, partner at Guidepost Growth Equity and former president of Razorfish Mike Pehl, and CEO of Ritchie Bros. Ann Fandozzi.

- Juno, a London-based employee benefits platform, raised $4 million in funding led by Hoxton Ventures and was joined by angels including the CEO of OysterHR Tony Jamous, CEO of Paddle Christian Owens, and other angels.

- LottieLab, a London-based motion design and collaboration platform, raised $4 million in seed funding led by Point Nine and was joined by investors including 20VC, Entrepreneur First, CEO of Webflow Vlad Magdalin, CEO of Invision Clark Valberg, former CPO of Wordpress Aadil Mamujee, the CPO of Slack Tamar Yehoshua, CEO of Squarespace Anthony Casalena, Former VP at Twitter Rob Bishop, and Ex-CEO of Product Hunt Josh Buckley.

- Playmint, a Brighton, U.K.-based game studio, raised $4 million in seed funding led by BITKRAFT Ventures and was joined by investors including 1kx, Cherry Ventures, Ethereal Ventures, and Play Ventures’ Play Future Fund. 

- Route Reports, a London-based infrastructure data software platform for roads and rail, raised $3.25 million in seed funding from the Urban Innovation Fund, Stanford, Ubiquity Ventures, Trucks VC, and Burst Capital. 

- Loops, an email sending platform designed for startups, raised $3.2m in seed funding. Craft Ventures led, and was joined by Sahil Bloom. www.loops.so

- Mirai Flights, a London-based private jet booking platform, raised $3 million in funding from Xploration Capital. 

- Cartwheel, a Los Angeles-based delivery management platform for restaurants, retailers, couriers, and more, raised $3 million in seed funding led by Moonshots Capital and was joined by investors including Chingona Ventures, TenOneTen Ventures, Act One, and Pitbull Capital. 

- MOONHUB, a London-based VR training platform, raised $2.6 million in seed funding led by Pi Labs and was joined by investors including Ada Ventures, 1818 Venture Capital, and other angels.

- Taelor, a San Francisco-based menswear rental subscription service, raised $2.3m in pre-seed funding led by Bling Capital. http://axios.link/zbAc

- SellX, a New York-based freelance marketplace for on-demand sales reps, raised $2 million in funding from GroundUp and State of Mind Ventures.

. . .

Sustainability:

- Brimstone, an Oakland, Calif.-based maker of carbon-negative Portland cement, raised $55m in Series A funding led by Breakthrough Energy Ventures and DCVC, with Amazon’s Climate Pledge Fund, Fifth Wall Climate Tech, Collaborative Fund and AccelR8 also participating. www.brimstone.energy

- Sealed, a New York-based home weatherization and electrification company, raised $29.5m from Robert Downey Jr.’s FootPrint Coalition, Fifth Wall, CityRock, Cyrus, and KeyFrame Capital, among others. http://axios.link/FtXn

- SWTCH Energy, a Toronto-based EV charging provider, raised $10 million in Series A funding led by the venture capital arm of Aligned Climate Capital and was joined by investors including Landmark Management, Elemental Energy, IBI Group, Active Impact Investments, and Pacific Reach.

- Advanced Ionics, a Milwaukee-based maker of hydrogen electrolyzers, raised $4.2m in new funding led by Clean Energy Ventures, with SWAN Impact Network also participating. www.advanced-ionics.com

- Neutral Foods, a Portland-based carbon-neutral food company, raised $2.8 million in funding led by Darco Capital’s David Adelman and was joined by angel investors including Lebron James, John Legend, Mav Carter, Questlove, and others.

- BattGenie, a Seattle-based battery charging startup, raised $1.5m in seed funding co-led by Powerhouse Ventures and VoLo Earth Ventures. www.battgenie.life

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Acquisitions & PE: 

- OpenSea, the NFT marketplace recently valued by VCs at $13.3b (and which had some social channels hacked yesterday), acquired Gem, an NFT aggregator whose backers include Dragonfly Capital Partners, Sfermion and Tioga Capital Partners. http://axios.link/pYgD

- Descartes acquired Foxtrot, a San Francisco-based delivery logistics software company for beverage, food, and ecommerce companies, for $4 million. 

- ClickUp acquired Slapdash, a London, San Francisco, and Toronto-based search and command bar platform. Financial terms were not disclosed.

- Mondelez (Nasdaq: MDLZ) agreed to buy Mexican candy company Ricolino from Groupo Bimbo for around $1.3b. http://axios.link/RpLK

- Blink Charging has acquired Electric Blue, a U.K.-based provider of integrated EV charging and sustainable energy solutions. http://axios.link/LCMm

- Synopsys agreed to acquire WhiteHat Security, a San Jose-based security company, for approximately $330m in cash from NTT Security Corporation. http://axios.link/kDNH

- Beamery acquired Flux, a San Francisco-based internal job change management software company. www.fluxwork.co

- G/O Media acquired Quartz, a New York-based business news site, from its co-founder and CEO Zach Seward. http://axios.link/m2a8

- Helen of Troy agreed to acquire Recipe Products, a U.K.-based maker of hair care brand Curlsmith and backed by BFG Partners, for $150m. http://axios.link/MjAb

. . .

IPOs:

- Bausch + Lomb, a Canada-based supplier of contact lenses and eyecare products, plans to raise $788 million by offering 35 million shares (100% secondary) at a price range of $21 to $24. At the midpoint of the proposed range, Bausch + Lomb would command a fully diluted market value of $8.2 billion. It plans to list on the NYSE under the symbol BLCO and list on the Toronto Stock Exchange too. Morgan Stanley, Goldman Sachs, Citi, J.P. Morgan, Barclays, BofA Securities, Guggenheim Securities, Jefferies, Evercore ISI, Wells Fargo Securities, and Deutsche Bank are the joint bookrunners on the deal. http://axios.link/7HV3

. . . 

SPACs:

- SoundHound AI, a Santa Clara, Calif.-based voice artificial intelligence company, went public on the Nasdaq via a merger with Archimedes Tech SPAC Partners Co., a SPAC. The deal valued the company at $2.1 billion. 

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Funds:

- Left Lane Capital, the New York-based venture capital firm, raised $1.4 billion for its second fund focused on global internet and consumer technology businesses.

- Dragonfly Capital, a San Francisco-based venture capital firm, raised $650 million for a third fund focused on blockchain and cryptocurrency companies, native protocols, and tokens.

- Union Square Ventures has raised $275m for a new core VC fund and $350m for an opportunity fund. www.usv.com

- Slow Ventures, a Boston and San Francisco-based venture capital firm, raised $325 million for two funds. Its fifth seed fund raised $195 million and is focused on seed and pre-seed companies. Its second opportunity fund raised $130 million and is focused on later staged companies.

- Flare Capital Partners, a health tech VC firm, raised $350m for its third fund. www.flarecapital.com

- MassMutual Ventures raised $300m for its latest fund. www.massmutualventures.com

- Cambridge Innovation Capital, a Cambridge, U.K.-based investment firm, raised $300 million for a second fund focused on companies in the deep tech and life sciences sectors.

- Ansa Capital, a VC firm led by Marco DeMeireles (ex-Chernin Group) and Allan Jean-Baptiste (ex-KKR Growth), raised $100m for its debut fund. www.ansa.co

- January Ventures has raised $21m for its second VC fund. http://axios.link/y0xN

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Final Numbers

Data: SEC filing; Chart: Erin Davis/Axios Visuals

The material presented on Molly O’Shea’s website are my opinions only and are provided for informational purposes and should not be construed as investment advice. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy, or investment product. Any analysis or discussion of investments, sectors or the market generally are based on current information, including from public sources, that I consider reliable, but I do not represent that any research or the information provided is accurate or complete, and it should not be relied on as such. My views and opinions expressed in any website content are current at the time of publication and are subject to change. Past performance is not indicative of future results.