06 Jun, 2025

Matter Venture leads funding round for Kargo; Dynamic Fund invests in Infisical

author's image

By S&P Global Market Intelligence


Deal Wrap is updated as of 3 p.m. ET.

– Matter Venture Partners LLC led an $18.4 million funding round in San Francisco-based logistics technology company Kargo Technologies Corp.

– Dynamic Fund participated in a $16 million series A round for US-based network security company Infisical Inc.

– Aurora Growth Capital SA SICAV-RAIF agreed to acquire a 50% stake in Italian luxury goods company Eurmoda Group Spa from Mindful Capital Partners and other minority shareholders. LMCR Studio Legale was Aurora's legal adviser. Dawan Corporate Finance SRL was Mindful's financial adviser and Giovannelli e Associati was its legal adviser.

– SaaS Opportunity Capital LLC acquired US-based workflow software provider Celera Systems LLC.

– Bain Capital LP invested $825 million to acquire a 9.9% equity stake in US life insurance company Lincoln Financial Distributors Inc.

– Madison Dearborn Partners LLC acquired a significant ownership position in US-based healthcare software developer NextGen Healthcare Inc. Goodwin Procter LLP was NextGen's legal adviser and Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Evercore were its financial advisers. Kirkland & Ellis LLP was Madison Dearborn's legal adviser.

Disclaimer: This content may be AI-assisted and is composed, reviewed, edited, and approved by a human at S&P Global.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.