Novo Holdings, a leading international life science investor, has led a USD118 million Series C financing in new portfolio company Genomatica, which harnesses biology to remake everyday products and materials with a reduced environmental impact.
Deals & Transactions
Turquoise, a UK merchant bank specialising in energy, environment and efficiency, has announced its tenth deal for the Low Carbon Innovation Fund 2 (LCIF2), a GBP250,000 investment in pH sensor company ANB Sensors (ANB).
iCapital Network, a global financial technology platform focused on access and efficiency in alternative investing for the asset and wealth management industries, has raised USD440 million in funding round led by Temasek, with participation from Owl Rock, a division of Blue Owl Capital; MSD Partners; Noah Holdings and Golub Capital.
Global private markets firm Partners Group has agreed, on behalf of clients, to acquire Reedy Industries (Reedy), a US-based heating, ventilation and air conditioning (HVAC) service provider, from Audax Private Equity.
HIG Capital (HIG) has sold portfolio company US Medical Supply (US MED to Advanced Diabetes Supply (ADS), a portfolio company of Court Square Capital Partners Inc. Terms of the transaction have not been disclosed.
Growthdeck achieves first IPO as electric motor developer Saietta Group delivers up to 22x for investors
Growthdeck has exited its investment in electric vehicle developer Saietta Group via an IPO on London’s Alternative Investment Market, delivering up to 22x valuation to Growthdeck’s early stage EIS investors.
Cobee, a European leading employee benefits management digital platform, has raised EUR14 million in Series A funding led by the leading European venture capital firm Balderton Capital.
Ropes & Gray advises Oak Hill and Scottish Equity Partners on sale of Pulsant to Antin Infrastructure Partners
Ropes & Gray has advised Pulsant, one of the leading nationwide providers of data centre and cloud infrastructure in the UK, on its sale from Oak Hill Capital and Scottish Equity Partners to Antin Infrastructure Partners.
Saber Labs, a core contributor to Saber, the first Solana-based cross-chain stablecoin exchange, has secured USD7.7 million in a seed round led by Race Capital, with participation from Chamath Palihapitya’s Social Capital, Jump Capital, Multicoin Capital, Solana Foundation, and others, as well as crypto industry leaders from FTX, Okcoin, Curve, Terra, and Stacks.
Elvie, a global health and lifestyle brand developing products for women, has raised GBP58 million (USD80 million) in a Series C funding round.