May 22, 2024
Venture Capital
280 Earth: Raised $50 million in a Series B round led by Builders VC, with participation from Alphabet and Gideon Yu.
Farcaster: Raised $150 million in funding led by Paradigm, with contributions from Andreessen Horowitz, Haun Ventures, Union Square Ventures, Variant, and Standard Crypto.
H (formerly Holistic AI): Raised $220 million from Accel, Amazon, Samsung, UiPath, Bernard Arnault (via Aglaé Ventures), Eric Schmidt, Xavier Niel, and Yuri Milner.
Scale AI: Raised $1 billion in a Series F round at a $13.8 billion valuation, led by Accel with participation from Cisco, Intel, AMD, ServiceNow, DFJ Growth, WCM, Elad Gil, Nvidia, Coatue, Y Combinator, Index Ventures, Founders Fund, Tiger Global Management, Thrive Capital, Spark Capital, Greenoaks, Wellington Management, and Nat Friedman.
Suno: Raised $125 million from Lightspeed Venture Partners, Matrix, Founder Collective, Nat Friedman, and Daniel Gross.
Vitesse: Raised $93 million in a Series C round led by KKR, with Hoxton Ventures, Octopus Ventures, and Hannover Digital Investments also participating.
Coactive: Raised $30 million in a Series B round at a $200 million valuation, co-led by Emerson Collective and Cherryrock Capital, with Bessemer Venture Partners, Greycroft, and Andreessen Horowitz also participating.
LabGenius: Raised $44.5 million in a Series B round led by M Ventures, with Octopus Ventures, LG Corp, Atomico, Kindred Capital, Lux Capital, and Obvious Ventures also investing.
XGS Energy: Raised $20 million in a Series A extension co-led by Valo Ventures and VoLo Earth Ventures, with B Current Impact Investment, MIH Capital, and Thin Line Capital also participating.
Zen Educate: Raised $37 million in a Series B round led by Round2 Capital, with Adjuvo, Brighteye Ventures, FJ Labs, and Ascension Ventures also investing; also acquired Aquinas Education.
7Analytics: Raised $4.3 million in a seed round led by Scale Capital.
Haz: Raised $1.4 million in a pre-seed round led by Speedinvest, with Andreessen Horowitz, Atomico, and Concept Ventures also participating.
Infinitform: Raised $2.25 million in a seed round led by Schematic Ventures.
KETOS: Raised $10 million in a round led by Tenfore Holdings, with additional participation from Danu Venture Group, Broadway Angels, Plum Alley Ventures, Plug and Play Ventures, and Accenture.
Limula: Raised $6.8 million in a seed round led by LifeX Ventures, with Verve Ventures, Zühlke Ventures, Oxford Seed Fund, Lichtsteiner Foundation, and W.A. de Vigier Foundation also participating.
Tenon: Raised $8 million in a Series A round co-led by High Alpha and StepStone Group, with previous investor ServiceNow Ventures also participating.
Private Equity
ExxonMobil and Shell: Evaluating bids for up to a 40% stake in Galp Energia’s major oil field offshore Namibia, potentially worth $20 billion.
First Abu Dhabi Bank: In advanced talks to buy Koc Group’s 61.2% stake in Istanbul-based lender Yapi Kredi for approximately $8 billion.
Warburg Pincus and Temasek: Agreed to acquire independent insurance intermediary Specialist Risk Group in a $1.27 billion deal.
Advanced Energy Industries: Expressed takeover interest in UK-based XP Power for $595 million.
MasterBrand: Will acquire Supreme Cabinetry Brands from GHK Capital Partners for $520 million in cash.
Ray Chambers: Renewing efforts to sell a minority stake in the New York Yankees.
Humane: Wearable AI startup exploring a potential sale.
IPO
Tempus AI, a health tech platform for precision medicine, filed for a US IPO
New Funds
Carlyle: Raised $2.8 billion for its fifth Japan buyout fund, the largest Japan-focused buyout fund ever.
Paceline Equity Partners: Raised $780 million for its second opportunities fund.
Alcazar Energy: Dubai-based private energy firm raised $490 million for a second renewable energy fund.
ETF Partners: Raised $310 million for its fourth fund to invest in climate startups.