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Franchise Equity Partners agreed to acquire IMO Car Wash, a U.K.-based car wash business with 720 locations, from Driven Brands (Nasdaq: DRVN) for €406m.

ARLINGTON, VIRGINIA, USA / Axios Pro / December 2, 2025

Venture Capital

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• Curative, an Austin, Texas-based health insurance startup, raised a $150m Series B at a $1.28b post-money valuation. Upside Vision Fund led, joined by JAM Fund, Galaxy Digital, Duquesne Family Office, DCVC, and Martin Varsavsky. Go deeper

• Axiado, a San Jose, Calif.-based chipmaker, raised $100m led by Maverick Silicon. Go deeper

• PermitFlow, a New York-based AI platform for construction, raised a $54m Series B. Accel led, joined by Kleiner Perkins, Felicis, Initialized Capital, Altos Ventures, and YC. Go deeper

• Titan OS, a Spanish developer of smart TV operating systems, raised €50m in Series A funding. Highland Europe led, joined by Mangrove Capital Partners. Go deeper

• Corintis, a Swiss chip cooling startup, raised $25m led by Applied Digital. Go deeper

• Simular, an agentic AI developer for Mac OS and Windows, raised $21.5m in Series A funding. Felicis led, joined by NVentures and insider South Park Commons. Go deeper

• Bitstack, a Paris-based bitcoin savings app, raised a $15m Series A led by 13books Capital, joined by AG2R La Mondiale, Plug and Play Ventures, Serena, Stillmark and Y Combinator. Go deeper

• Summit Commercial Solutions, a Canadian commercial insurance brokerage, raised $7.5m in Series A funding. IA Capital led, joined by Sorathia Holdings and Greenlight Re Innovations. Go deeper

• Soxton AI, an NYC-based law firm and legal solution provider, raised a $2.5m pre-seed round led by Moxxie Ventures, joined by Strobe, Coalition, Caterina Fake and Flex. Go deeper

• LizzyAI, a NY-based conversational AI interviewing platform, raised a $5m seed round. NEA led, joined by Speedinvest and Zero Prime Ventures. Go deeper

Private Equity

• Franchise Equity Partners agreed to acquire IMO Car Wash, a U.K.-based car wash business with 720 locations, from Driven Brands (Nasdaq: DRVN) for €406m. Go deeper

• Industrial Growth Partners acquired Marki Microwave, a Morgan Hill, Calif., developer of RF and mmWave technology. Go deeper

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Public Offerings

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