Deals in brief

Funding platform Pipe grabs $100m credit facility from VPC

The facility has the potential to upsize up to $200 million in the future.

SeaFort Capital platform Mable Health buys V2 Innovations

V2 Innovations is a Kingston, Ontario-based provider of orthotic and prosthetic services.

Axis Insurance secures growth investment from Lee Equity Partners

Axis Insurance provides local, national and international clients with risk management and insurance services with a focus on specialized risks.

Balance Point, Swift Anchor invest in growth of Essential Turbines

Essential Turbines is a Montreal-based provider of maintenance, repair and overhaul services for aircraft engines.

General Atlantic invests in Sustainable Development Capital

According to terms of the transaction, General Atlantic’s BeyondNetZero fund will acquire a 24.9 percent stake of SDCL.

FalconPoint-backed Jennmar snaps up G&R Gas Services

Jennmar is a provider of infrastructure products and specialized services to the civil, solar, mining, and construction industries

TSCP portfolio companies Vector Laboratories and Absolute Biotech merge

Based in Boston, Absolute Biotech is a manufacturer of antibody reagents, kits, and services and Newark, California-based Vector Laboratories is a reagent and critical component manufacturer.

Tercek leaves Bessemer for QED Investors

Tercek was previously a senior associate on the IR team at Bessemer Venture Partners.

Wave Ventures of Texas collects $25m for maiden fund

Wave Ventures of Texas closed on $25 million for its debut venture fund, with commitments from family offices and individuals.

SCI Ventures unveils venture philanthropy fund

The London-based venture philanthropy fund has launched with $27 million and expects to close on $40 million by the end of the year.