VENTURE DEALS
- Mercor, a San Francisco-based platform that connects AI labs with experts in a variety of topics for AI model training, raised $350 million in Series C funding. Felicis led the round and was joined by Benchmark, General Catalyst, and Robinhood Ventures.
- Onfire, a Tel Aviv, Israel-based AI-powered revenue intelligence platform for tech sales teams, raised $20 million in funding. Grove Ventures and TLV Partners led the round.
- Wild Moose, a New York-based AI-powered site reliability engineering platform, raised $7 million in seed funding. iAngels led the round and was joined by Y Combinator, F2 Venture Capital, Maverick Ventures, and others.
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PRIVATE EQUITY
- Vista Equity Partners acquired a majority stake in Nexthink, a Lausanne, Switzerland and Boston, Mass.-based digital employee experience platform, that values the company at approximately $3 billion.
- Blackstone acquired Shermco, an Irving, Texas-based electrical testing organization, from Gryphon Investors, for $1.6 billion.
- PSG Equity and Canapi Ventures led a $225 million minority investment in SavvyMoney, a Dublin, Calif.-based financial wellness platform.
- KPS Capital Partners agreed to acquire a majority stake in Ketjen Corporation, a Houston, Texas-based refining catalyst solutions business. Financial terms were not disclosed.
- Next Glass, backed by PSG, acquired Ekos, a Charlotte, N.C.-based developer of supply chain management solutions. Financial terms were not disclosed.
PEOPLE
- Lane42 Investments, a Santa Monica, Calif. and New York City-based alternative asset manager, hired Harry Robinson as a partner. Formerly, he was with McKinsey & Company.
- Nexa Equity, a San Francisco-based private equity firm, hired Peter Stefanski as a partner, Blake Shott as a principal, and Conor Barber as an operating partner. Stefanski was formerly with Thoma Bravo, Shott was with Sumeru Equity Partners, and Barber was with Atelio by FIS.