Key Takeaways
- • Pliant, a Berlin-based provider of modular B2B payment solutions, raised $80M in Series C funding led by Seaya Nova and Speedinvest, with participation from Illuminate Financial, Motive Partners, and Molten Ventures.
- • Kalepa, an AI-powered insurance startup, raised $75M in Series B funding at a $470M valuation, led by Updata Partners with IA Ventures and Inspired Capital.
- • CD&R and GTCR are reportedly working on a $40B take-private bid for Global Payments (NYSE: GPN), in which GTCR holds a 16.35% stake, according to the FT.
- • Advent agreed to acquire Vermeg, a Dutch capital markets and life insurance technology provider, from Charterhouse Capital Partners.
- • Creandum closed its eighth fund at $750M, and I Squared Capital raised $3B for its second infrastructure credit fund.
Summary
Pliant, a Berlin-based provider of modular B2B payment solutions, raised $80M in Series C funding. Seaya Nova and Speedinvest led the round, joined by Illuminate Financial, Motive Partners, and Molten Ventures, according to Axios.
In insurance technology, Kalepa, an AI-powered insurance startup, raised $75M in Series B funding at a $470M valuation. Updata Partners led the round, with participation from IA Ventures and Inspired Capital.
In private equity, CD&R and GTCR are working on a $40B take-private bid for Global Payments (NYSE: GPN), a payments processor in which GTCR holds a 16.35% stake, per the Financial Times. Advent agreed to acquire Vermeg, a Dutch provider of technology for capital markets and life insurance, from Charterhouse Capital Partners. Grant Thornton completed its $5B buyout of CBIZ, creating one of the country's largest accounting firms, and New Mountain Capital, a Grant Thornton backer, made a new investment to support the deal.
On the fundraising front, Creandum, a Swedish VC firm, raised $750M for its eighth fund, and I Squared Capital raised $3B for its second infrastructure credit fund. Hoxton Wealth, a wealth management platform focused on British expats, raised $135M from Aspirity Partners.
In personnel news, Ibrahim Ajami is stepping down as Mubadala's head of ventures to launch Noha, his own fund targeting $500M, per the FT. Sequoia Capital announced it is closing its London office and laying off its London staff, including partners Luciana Lixandru, George Robson, and Julien Bek. The firm said it plans to keep investing in Europe but no longer requires a "local presence."
In insurance technology, Kalepa, an AI-powered insurance startup, raised $75M in Series B funding at a $470M valuation. Updata Partners led the round, with participation from IA Ventures and Inspired Capital.
In private equity, CD&R and GTCR are working on a $40B take-private bid for Global Payments (NYSE: GPN), a payments processor in which GTCR holds a 16.35% stake, per the Financial Times. Advent agreed to acquire Vermeg, a Dutch provider of technology for capital markets and life insurance, from Charterhouse Capital Partners. Grant Thornton completed its $5B buyout of CBIZ, creating one of the country's largest accounting firms, and New Mountain Capital, a Grant Thornton backer, made a new investment to support the deal.
On the fundraising front, Creandum, a Swedish VC firm, raised $750M for its eighth fund, and I Squared Capital raised $3B for its second infrastructure credit fund. Hoxton Wealth, a wealth management platform focused on British expats, raised $135M from Aspirity Partners.
In personnel news, Ibrahim Ajami is stepping down as Mubadala's head of ventures to launch Noha, his own fund targeting $500M, per the FT. Sequoia Capital announced it is closing its London office and laying off its London staff, including partners Luciana Lixandru, George Robson, and Julien Bek. The firm said it plans to keep investing in Europe but no longer requires a "local presence."
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