Arcadia Capital

📊 16 deals. $13B raised. One week in tech. M&A · Publicis Groupe acquired LiveRamp, a data collaboration platform, for $2.46B at 1.9x EV/Rev. Connects 25,000+ publisher domains and 500+ partners to power AI agents. · Akamai Technologies acquired LayerX Security, a browser-based AI control and enterprise browser platform, for $205M at 20x 2026E ARR. Extends Akamai's Zero Trust portfolio into the browser. · Coupa acquired Rossum, an AI-first document processing platform powered by a proprietary transactional LLM. Extends Coupa's autonomous spend platform across source-to-pay. · TA Associates invested in Govineer Solutions, a GovTech platform serving 2,300+ municipalities, to fund its evolution into an AI-powered OS for local government. · Main Capital Partners acquired a majority stake in Agenium.ai, an AI-powered InsurTech platform for life, supplemental health, and annuity carriers, to fund North American expansion. · Visma acquired Dootax, a Brazilian tax automation SaaS platform. Deepens Visma's footprint ahead of Brazil's VAT reform with AI workflows for SMB and mid-market. · Argano acquired Ascend, Inc., an HCM systems integrator and exclusive UKG services partner. Adds 130+ consultants across UKG Pro, UKG Pro WFM, and UKG Ready. · OpenAI acquired Weights, an AI-native voice cloning startup, as it expands its voice and multimodal infrastructure. Financings · Anduril Industries, an AI defense platform, raised $5B at a $61B valuation led by Andreessen Horowitz and Thrive Capital. Scales autonomous aircraft, drones, Lattice software, and Arsenal-1. · Reflection AI, an open frontier AI foundation model lab, raised $2.5B at an $8B valuation led by Disruptive. Founded by ex-DeepMind researchers as a Western open-source alternative to closed labs. · Isomorphic Labs, an AI-native drug design platform, raised $2.1B led by Thrive Capital. Scales its IsoDDE engine toward clinical trials, with Novartis, Lilly, and J&J partnerships. · Recursive, an AI foundation model lab, raised $650M at a $4.6B valuation led by Greycroft and GV (Google Ventures). Founded by ex-Salesforce Chief Scientist Richard Socher to pursue recursive self-improvement. · Fractile, an AI inference infrastructure platform, raised $243M led by Accel, Factorial Funds, and Founders Fund. Targets in-memory compute chips for frontier AI inference bottlenecks. · Forus (formerly Tandem), an AI prescription routing platform, raised $160M at a $1.01B valuation led by Thrive Capital, Accel, and General Catalyst. Connects doctors, pharmacies, payers, and biopharma nationwide. · Monaco, an AI-native revenue operations platform, raised $50M led by Benchmark. Uses autonomous agents to replace fragmented CRM stacks across prospecting, outbound, and pipeline. · GovWell, an AI OS for local government, raised $29M at a $147M valuation led by Insight Partners. Serves 130+ municipalities and cuts permit times by up to 95%. #InvestmentBanking #AI #MergersAndAcquisitions #PrivateEquity #VentureCapital

Amazing!! The Arcadia Capital team has many talents!!!

📍 SF, we're back. Mike, Tristan, and Josh will be on the ground in the Bay Area Mon 5/11 to Weds 5/13, connecting with founders building in AI, software, and the broader tech ecosystem. If you're a founder, operator, or investor and want to compare notes on what you're seeing in the market, we'd love to grab time. Drop us a message or reach out directly to set up a meeting. 📧 Mike Parker - mike@arcadiacapital.io 📧 Tristan Snyder - tristan@arcadiacapital.io 📧 Josh Ruder - josh.ruder@arcadiacapital.io 💬 Or DM us directly on LinkedIn. Let's connect in Bay Area! #InvestmentBanking #AI #PrivateEquity #VentureCapital #SaaS

Congratulations to everyone at InformedDNA, Truehelm, QHP Capital, Frist Cressey Ventures, Machinify and New Mountain Capital! It was a pleasure to serve as InformedDNA's exclusive financial advisor in the divestiture of its Payment Integrity business unit, a strategic step that sharpens InformedDNA's focus on its precision health platform, DNAimpact, and the enormous opportunity ahead in Precision Health. Surya Singh, MD, David Nixon, Megan Czarniecki, MS, MA, CGC, Rebecca Sutphen, MD, FACMG, Scott Megill, Conor Green, Liz Dammeyer, Ashton Poole Find the full press release here: https://lnkd.in/eqeABbi9 #InvestmentBanking #AI #MergersAndAcquisitions #HealthTech

Arcadia Capital is pleased to announce that Josh Ruder has joined the firm as a Managing Director.   Josh brings more than a decade of experience across strategic M&A, private equity investing, and technology-focused advisory. His addition deepens Arcadia's senior coverage of the technology and tech-enabled services ecosystem and the founders, operators, and investors driving it.   Josh joins from AIM Equity Partners, a growth-oriented private equity firm focused on software, healthcare, and tech-enabled services. He previously held roles at Marlin Equity Partners and a leading technology-focused investment bank, giving him a principal investor's lens on the companies and transactions Arcadia advises. Josh holds B.A. degrees in Physics and Economics with Honors from the University of Arizona.   Welcome aboard, Josh - we're fired up to have you on the team. Find the full press release here: https://lnkd.in/ecVB3s8J   #InvestmentBanking #AI #PrivateEquity #MergersAndAcquisitions

We’ve just released our latest Capital Markets Update! The report highlights tech M&A and growth capital deals across the ecosystem. Review the report here: https://lnkd.in/gu9mEZPW   Additionally, for a broader look at our industry insights, please check out the insights section of our website here: https://lnkd.in/gkbpBqUT   As always, we are happy to discuss the rapidly evolving market and what we are seeing anytime. Happy reading.   #InvestmentBanking #AI #PrivateEquity #MergersAndAcquisitions #VentureCapital

Congratulations to everyone at Carrier Logistics Inc. and STG – Symphony Technology Group! It was a pleasure to serve as CLI's exclusive financial advisor and to work closely with the team throughout this process to bring about a successful transaction. As a leading provider of transportation management software for LTL and multi-stop carriers, CLI is well-positioned to build on its strong foundation and accelerate product innovation through STG's investment in advanced AI capabilities across the platform. We look forward to seeing the great things ahead!   Ben Wiesen, Kevin Linardic, Rushi K., Ben Livingston Find the full press release here: https://lnkd.in/evFWHWuB   #InvestmentBanking #AI #MergersAndAcquisitions #SupplyChain #PrivateEquity

📍 Arcadia Capital is heading to Atlanta for MODEX!   Brooks will be attending the conference Monday 4/13 through Wednesday 4/15 and looks forward to connecting with founders, operators, and investors driving innovation in Supply Chain and Logistics Technology.   If you're attending and want to connect, reach out directly. 📧 Brooks Hopple – brooks.hopple@arcadiacapital.io 💬 Or DM Brooks Hopple directly on LinkedIn.   Let's connect in Atlanta!   https://lnkd.in/e42eepgS   #MODEX #MODEX2026 #SupplyChain #Logistics #AI #WarehouseAutomation #Founders #TechConference #VentureCapital #PrivateEquity #InvestmentBanking #TechInvesting

📍 Arcadia Capital is heading to San Diego for ASU+GSV Summit! Mike and Tristan will be attending the conference on Tuesday 4/14 and look forward to connecting with founders, operators, and investors driving innovation in EdTech and AI in Education. If you're attending and want to connect, reach out directly. 📧 Mike Parker – mike@arcadiacapital.io 📧 Tristan Snyder – tristan@arcadiacapital.io 💬 Or DM us directly on LinkedIn. Let's connect in San Diego! https://lnkd.in/esmiY_di #ASUGSV #ASUGSVSummit #EdTech #AIEdTech #AI #Founders #TechConference #VentureCapital #PrivateEquity #InvestmentBanking #TechInvesting

Arcadia Capital is pleased to announce that Zach Hitchcock has joined the firm as a Managing Director, based in New York City.   Zach brings more than 10 years of experience in strategic M&A, growth capital advisory, and principal investing across the tech and tech services landscape. At Arcadia, he will help spearhead the firm’s global coverage of leading tech and tech services companies and investors from his vantage point in NYC.   Prior to joining Arcadia Capital, Zach was an investment banker at Macquarie Capital, where he led North American coverage of areas such as IT services and legal tech, among many others. Throughout his career, he has advised on M&A and capital markets transactions representing more than $10B in aggregate transaction value. He holds a B.A. in Economics with a minor in Spanish from Middlebury College.   Welcome to the team, Zach!   Find the full press release here: https://lnkd.in/eajQkrnd   #InvestmentBanking #Software #Tech #TechServices #ITservices #MergerAndAcquisitions #AI #ArtificialIntelligence