Axa IM Alts co-led a $106.5m round for bacterial therapeutics startup Vedanta while Bloomberg Beta participated in generative AI developer Replit’s $97.4m series B.

Crop laboratory technician examining interaction of chemicals in practical test modern lab

Fund

Workflow management software provider ServiceNow anchored the first close of the debut fund for US-based, enterprise software-focused venture capital firm Smith Point Capital, Smith Point Capital Fund I. Hillman Company, Solamere Capital and David Tepper were among the other limited partners for the fund, which is on its way to a $400m cap.

M&A

US-based…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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