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Zoi Capital, a VC firm specializing in artificial intelligence (AI) solutions for healthcare was founded by Mayo Clinic-trained cardiologist Dr. Ronald M. Razmi and Brian K. Beeler (former Executive VP and General Counsel of Horizon Therapeutics), announced they have closed a fundraising goal of $200 million for their Health AI Fund I.

Freeflow Ventures, an early-stage venture capital (VC) firm that invests in science-driven solutions to human and planetary health challenges announced that it raised $50 million in new funds through its $35 million Fund Two and $15 million Opportunity Fund. Including a $25 million Fund One and $15 million in special purpose vehicles (SPVs), Freeflow now has $90 million in assets under management (AUM).

Sila, a next-generation battery materials company, announced it has raised $375 million in a close of its Series G round led by existing investors Sutter Hill Ventures and funds and accounts advised by T. Rowe Price Associates with participation by new investors as well as existing investors Bessemer Venture Partners, Coatue, Perry Creek Capital, and others.

MagicSchool AI, a technology platform for K-12 educators and students, announced a $15 million Series A round of financing led by Bain Capital Ventures. And additional investors include Adobe Ventures and Common Sense Media, and angel investors like Replit founder Amjad Masad, Clever co-founders Tyler Bosmeny and Rafael Garcia, and OutSchool co-founder Amir Nathoo. The funding will support the development of more use cases for AI in education.

PPM America announced the closing of PPM CLO 7 Ltd. (CLO 7). And CLO 7 has 16 unique investors, seven of which are new to PPM, and a deal size of $401 million. It is PPM’s seventh CLO closed since the firm re-entered the CLO market in 2018 and the thirteenth CLO closed in the firm’s history.

ProperXPM, a leader in tech-enabled experiential property management, announced a significant expansion backed by funding of up to $100 million. This strategic roll-up of multifamily property management companies aims to transform the property management landscape across the US.

Waypoint Bio, a biotechnology company pioneering novel cell therapies for solid tumors using in vivo spatial pooled screening technology, announced $14.5 million in seed funding led by Hummingbird Ventures with participation from other institutional investors, including Recode Ventures and pre-seed lead Fifty Years.

KarmaCheck, a technology-based solution for background checks, credentialing, and compliance, announced that it has raised $45 million in a Series B funding round led by Parameter Ventures, with participation from PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures.

Clearstory, a change order communication platform for the construction industry that connects companies to collaborate on out-of-contract work, announced it closed a $16 million Series B funding round, bringing the total capital raised to $35 million. This funding round was led by Prudence, with participation from Industry Ventures and existing investors, including Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners.

Slide Insurance announced that it has secured a $175 million senior credit facility led by Regions Bank in its capacity as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner. Synovus Bank and Texas Capital Bank, through its TCBI Securities division, also supported the transaction as a joint lead arranger and joint bookrunner.

AuthZed, a company helping enterprises rapidly build user experiences with simple, fast, and secure permissions systems, announced it has closed $12 million in funding led by General Catalyst with continued participation from Work-Bench, Y Combinator, and Amplify Partners. This Series A funding round brings AuthZed’s total amount raised to $15.8 million.

Axelera AI, a leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference, announced a successful closing of an oversubscribed $68 million Series B funding round, bringing the total amount raised to $120 million.

e-Zinc, a company enabling sustainable, long-duration energy storage with its zinc-air battery, announced it has raised an additional $31 million in follow-on funding to its $25 million Series A round. This oversubscribed Series A2 funding round was led by Evok Innovations, with additional investments from Mitsubishi Heavy Industries, Export Development Canada (EDC), and Ultratech Capital Partners. Plus, e-Zinc’s existing shareholders also participated, including Toyota Ventures, Eni Next, Anzu Partners, BDC, and Graphite Ventures. e-Zinc plans to use this financing to accelerate product development and complete the construction of its 42,000 sq. ft pilot manufacturing facility in Mississauga, Ontario.

Madison Dearborn Partners (MDP), a leading private equity investment firm based in Chicago which has raised aggregate capital of over $31 billion since 1992, announced that funds affiliated with MDP have made a strategic investment in Omni Federal. Omni is a founder-led and high-growth provider of innovative and intuitive mission and enterprise software solutions to the U.S. Department of Defense (DoD) and the Intelligence Community (IC). The members of Omni’s management team will retain a significant ownership position and continue to lead the company.

VenoStent, a clinical-stage medical device company developing a novel therapeutic device for improving dialysis patient outcomes, announced that it closed an additional $4 million from Norwest Venture Partners to round out its Series A funding at $20 million with Good Growth Capital and IAG Capital Partners co-leading the deal.

Faropoint, a tech-enabled, US industrial real estate investment manager, announced the final closing of its flagship Industrial Value Fund III with $915 million in commitments, exceeding its $750 million target.

Digital business company Altimetrik announced that it has signed a definitive agreement for TPG to make a majority investment in the company.

Global investment firm Carlyle announced the launch of a new evergreen private equity strategy Carlyle AlpInvest Private Markets SICAV (CAPM SICAV), offering investors worldwide – except the US – access to a global portfolio of private markets investments by leveraging Carlyle's Global Investment Solutions business AlpInvest.

HeyGen, an AI video generation platform for businesses, raised $60M in Series A led by Benchmark with participation from Thrive Capital, BOND, Conviction, Dylan Field, Elad Gil, Aviv Nevo, Neil Mehta, and SV Angel among others.‍ And Victor Lazarte from Benchmark has joined the board of directors.

Huntress, a pioneering force in cybersecurity for small businesses to small enterprises and the Service Providers that support them, announced it closed $150 million Series D funding round led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire Ventures.

Ability Biologics announced the final closing of its seed funding, raising a total of $18 million, a financing round led by founding investor Amplitude Ventures. Amplitude is joined by the Fonds de solidarité FTQ, Investissement Québec, Charles River Laboratories, Theodorus and Alexandria Venture Investments.

Pomelo Care, a virtual medical practice that improves maternal and newborn health outcomes, announced $46 million in Series B funding led by existing investors First Round Capital and Andreessen Horowitz (a16z) Bio + Health. Pomelo will use this funding round to accelerate its partnerships with payors nationwide to address the root causes of the maternal health crisis.

The Picklr, which is North America's fastest-growing indoor pickleball franchise, closed their Series B financing with a valuation of $59 million, bringing the total raised by The Picklr to $9 million. Led by Pickleball Inc., the parent company to the largest pickleball brands in the world, including the Carvana Professional Pickleball Association (PPA Tour), Pickleball Central, Pickleball Brackets/Pickleball Tournaments, PickleballTV, Pickleball.com and TopCourt, the Series B funding round ensures rapid growth and several pickleball sectors and solidifies The Picklr's place among top pickleball franchises for both franchisees and pickleball enthusiasts.

H.I.G. Capital, a global alternative asset management firm with $64 billion of capital under management, announced the closing of H.I.G. Infrastructure Partners. This fund closed with aggregate capital commitments of approximately $1.3 billion.

Sidley announced that Shane Goudey has joined the Palo Alto office as a partner in the firm’s Investment Funds practice to lead the firm’s venture capital fund formation practice. Before joining Sidley, he was a Venture Funds partner at Cooley LLP.

TrackLight, an AI-based fraud detection and prevention company, announced the launch of a groundbreaking platform for combating fraud across government and corporate sectors. And the company also revealed a $3 million seed funding investment, led by BarronKent and Growth Factory, to accelerate TrackLight’s platform development, sales, and marketing efforts.

Rapafusyn Pharmaceuticals, a leader in the discovery and development of therapeutic drugs based on non-degrading molecular glues, announced the initial closings of an extension of its Series A financing, bringing the total round to $28 Million. The funding was led by 3E Bioventures Capital and Proxima Ventures Ltd. with participation from Lapam Capital.

Elion Therapeutics, a biotechnology company focused on transforming the treatment of life-threatening invasive fungal infections (IFIs), announced it has closed a $81 million Series B funding round led by Deerfield Management and the AMR Action Fund. Illinois Ventures was an additional investor.

Princeton NuEnergy (PNE), a leader in lithium-ion battery direct recycling furthering America's circular economy, announced it closed a Series A funding round with a strategic investment from Samsung Venture Investment (Samsung's corporate venture arm), investing in breakthrough technologies across industries and from Helium-3 Ventures. The investor demand for this 50% oversubscribed round brought PNE's Series A total to $30 million. Samsung Venture and Helium-3 join the round's previous investors, which includes Honda Motor, LKQ, SCG Group, Traxys Group, and Wistron.

Kinderhook Industries announced the final closing of Kinderhook Capital Fund 8, L.P. with total capital commitments of $2.75 billion, inclusive of $250 million in commitments from the general partner and its operating partner network. And after holding a first close in April 2024, the Fund 8 exceeded its target of $2.0 billion and was significantly oversubscribed.