Kordsa to buy PE-backed Axiom Materials

Kordsa has agreed to acquire Santa Ana, California-based Axiom Materials Inc, a maker of progressive composite materials. No financial terms were disclosed. Axiom is backed by Sorenson Capital.

Paige.AI appoints Grady as CEO

New York-based Paige.AI, an AI-focused cancer diagnosis and treatment startup, has named Dr. Leo Grady as CEO and a member of its board of directors. Previously, Grady worked at HeartFlow where he was senior vice president of engineering. Paige.AI is backed by Breyer Capital.

GoCardless lands $75 mln Series E

UK-based GoCardless, a next generation payments company, has secured $75 million in Series E funding, according to a blog post on its site. Adams Street Partners, GV and Salesforce Ventures led the round with participation from Accel, Balderton Capital, Notion Capital and Passion Capital.

New Crop Capital taps Dao Foods International as financial adviser

New Crop Capital has named Dao Foods International Inc as financial adviser for sourcing and investing in China-focused plant-based and clean meat ventures. NCC is a venture firm that invests in companies whose products or services replace foods derived from conventional animal agriculture.

TAL to raise about $500 mln

TAL Education Group, a K-12 after-school tutoring services provider in China, has agreed to secure about $500 million in funding. The investor was not identified.

PE-backed API sells EMS business to Kitron

API Technologies Corp, a portfolio company of J.F. Lehman & Company, has sold Windber, Pennsylvania-based API Defense USA Inc, its electronics manufacturing services business, to Kitron. No financial terms were disclosed. Canaccord Genuity served as financial adviser to API on the deal while Jones Day and Miller & Chevalier provided legal counsel.

Greystar-led China-focused fund raises $450 mln

Greystar Real Estate Partners, APG Asset Management N.V., Bouwinvest Real Estate Investors and MIRA Real Estate, which is part of Macquarie Infrastructure and Real Assets, has closed a China-focused fund at $450 million. The fund will focus on properties in Chinese markets with an initial focus on Shanghai.

German Autolabs drives off with funding

Berlin-based German Autolabs, a voice AI-enabled digital assistant for in-car usage, has secured 7 million euros in funding. The investors were nbr Tech Ventures, VC Fonds Technologie Berlin managed by IBB Beteiligungsgesellschaft mbH, coparion and Target Partners.

Cannabis, private equity, marijuana, family offices, law

In fast-moving cannabis investing, family offices hit obstacles

Family offices have been eager and leading investors in the growing cannabis market, using their advantages over traditional PE to explore opportunities. But investors and family office executives say many FOs also face obstacles as they try to put their money down in a complex logistical and legal environment. Family offices are “not equipped to […]