Jun 26, 2024
Venture Capital
Anduril: This seven-year-old Irvine, CA-based company, specializing in advanced defense technologies such as autonomous systems, AI, and robotics, is reportedly raising $1.5 billion at a $12.5 billion pre-money valuation. Founders Fund, a previous investor, is co-leading the round with a $400 million investment alongside Sands Capital.
Bright Machines: The six-year-old San Francisco-based startup, which develops automated manufacturing systems for items like servers and batteries, secured $106 million in funding led by BlackRock. Nvidia, Microsoft, and Jabil also participated, with an additional $20 million in venture debt.
Etched: A two-year-old Los Angeles startup focused on creating specialized chips for transformer AI models, such as those used in ChatGPT, raised $120 million. The round was co-led by Primary Venture Partners and Positive Sum Ventures, with contributions from Hummingbird, Fundomo, Fontinalis, Lightscape, Earthshot, Two Sigma, Oceans Venture, Skybox Data Centers, and Peter Thiel.
EvolutionaryScale: This one-year-old New York startup, which develops AI tools for protein design and understanding, raised $142 million in a seed round co-led by Nat Friedman, Daniel Gross, and Lux Capital, with additional investments from Amazon and NVentures.
Exsilio Therapeutics: The Boston-based genomic medicine startup raised $82 million in a Series A round. The funding was co-led by Novartis Venture Fund and Delos Capital, with participation from OrbiMed, Insight Partners, JPMorgan Life Sciences Private Capital, CRISPR Therapeutics, Innovation Endeavors, Invus, Arc Ventures, and Deep Insight.
Neustark: This seven-year-old Bern, Switzerland-based startup, which captures CO₂ from biogas plants and stores it in demolished concrete via mineralization, raised $69 million. Decarbonization Partners led the round, with Blume Equity, Holcim, Siemens Financial Services, Verve Ventures, and ACE Ventures also participating.
Prewave: The seven-year-old Vienna-based startup, which helps businesses identify supply chain risks by monitoring news and social media for early warnings, raised $67.5 million in a Series B round led by Hedosophia, with contributions from Creandum, Ventech, Kompas, Speedinvest, and Working Capital Fund.
SkyCell: The Zürich-based company providing advanced containers for temperature-sensitive pharmaceuticals raised $116 million in a Series D round. Investors included Tybourne Capital Management, CCI, and Catalyst.
Stability AI: The four-year-old London startup behind Stable Diffusion, a generative AI LLM that converts text into images, raised $80 million in a recapitalization round. Investors included Sean Parker, Eric Schmidt, Greycroft, O’Shaughnessy Ventures, Robert Nelsen, Coatue Management, Lightspeed Venture Partners, and Sound Ventures.
Adonis: The healthcare revenue cycle intelligence and automation startup secured $31 million in Series B funding, bringing its total to $54 million. The round was led by Point72 Private Investments, with participation from Kin Ventures, General Catalyst, Max Ventures, and Bling Capital.
Deskpro: An Austin-based startup that develops help desk software raised $25 million in a Series A round led by Elsewhere Partners.
FirstVet: The eight-year-old Stockholm-based startup raised $21.4 million in a Series C round led by Telus Global Ventures, with previous investors OMERS Ventures, Mubadala Capital, and Cathay Innovation participating.
Formic: The four-year-old Chicago startup, which provides manufacturers with subscription-based robots covering installation, maintenance, and operation, raised $24.7 million in a Series A round led by Blackhorn Ventures. Other investors included Mitsubishi HC Capital America, NEC, Translink Capital, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital, and Lorimer Ventures.
Function: This three-year-old Los Angeles startup offering an annual membership for access to over 100 lab tests to monitor health conditions raised $45 million. Andreessen Horowitz led the round, with participation from Wisdom.vc, Draft Ventures, K5 Ventures, G9 Partners, and 53 Stations.
k-ID: The one-year-old Singapore startup that helps game developers comply with child safety regulations raised $45 million in a Series A round co-led by Andreessen Horowitz and Lightspeed Venture Partners, with participation from Okta, Z Venture Capital, Konvoy Ventures, and TIRTA Ventures. The total funding now stands at $51 million.
LiveEO: This six-year-old Berlin startup using satellite data and AI to monitor infrastructure raised $26.8 million in a Series B round co-led by NordicNinja and DeepTech & Climate Fonds.
Norm AI: The New York-based AI-powered regulatory compliance platform raised $27 million in a Series A funding round led by Coatue.
Rocketlane: The four-year-old San Mateo, CA-based startup that helps businesses manage customer onboarding raised $24 million in a Series B round. The round was co-led by 8VC, Matrix Partners India, and Nexus Venture Partners, bringing total funding to $45 million.
Route: The six-year-old Lehi, UT-based startup allowing customers to track online orders and offering package protection raised $40 million in a Series C round at a $1.4 billion valuation. Hanaco VC led the round, with Jaws Ventures, Madrona Ventures, and Granger participating.
Sift: The two-year-old El Segundo, CA-based startup enhancing telemetry platforms for the space industry raised $17.5 million in a Series A round led by GV.
SLUSHY: The four-year-old Miami startup with a monetization platform for content creators raised $10.2 million in a seed round with participation from Mantis VC and Electric Feel Ventures.
AnchorZero: The New York startup that helps founders set up self-directed Roth IRAs for tax-efficient investments raised $8 million in a seed round co-led by Bain Capital Crypto and Spark Capital, with participation from Ethereal Ventures, Mischief Capital, Pascal Capital, and Robot Ventures.
Chift: This two-year-old Brussels startup providing a unified API for SaaS companies to integrate with various financial tools raised $2.5 million in a seed round. Investors included Entourage, Shapers, and Seeder Fund.
Created by Humans: The Bay Area startup founded this year that helps authors and creators license their work for AI models raised $5 million in a seed round. Investors included Craft Ventures, Floodgate, Launch, Slow Ventures, Garry Tan, and Walter Isaacson.
Cureosity: The six-year-old Düsseldorf startup developing VR systems to help patients with neurological and orthopedic conditions raised $4.1 million. Nomainvest and TechVision Fund co-led the round.
Fantasy Chess: The one-year-old Oslo startup founded by Magnus Carlsen to build an interactive chess platform raised a pre-seed round from SNÖ Ventures, Coatue, Breakthrough Initiatives, and Thiel Capital.
Marble Health: This one-year-old New York startup connecting teens with licensed therapists in group settings raised $5 million in a seed round co-led by Khosla Ventures, Town Hall Ventures, and IA Ventures, with participation from Daybreak Ventures and Lorimer Ventures.
TestParty: The one-year-old New York startup creating accessible websites with automated tools raised $4 million in a seed round co-led by Harlem Capital and the Urban Innovation Fund.
Wilya: This three-year-old New York startup helping manufacturers manage workforce skills and improve productivity raised $4 million in a seed round led by Ironspring Ventures, with contributions from Schematic Ventures, Plug & Play Ventures, Iron Prairie Ventures, Motivate Ventures, and 25Madison.
Private Equity
Sanofi: The French pharmaceutical giant has called for initial bids for its $20 billion consumer health unit while simultaneously preparing for an IPO.
Brookfield: The investment firm agreed to acquire a roughly 53% stake in the French renewables company Neoen, valuing the company at $6.5 billion.
Volkswagen: The automotive giant will invest $5 billion to form a joint venture with EV maker Rivian.
Boeing: The aerospace company switched its offer for Spirit AeroSystems from cash to stock.
Thoma Bravo: The private equity firm is exploring the sale of Canadian automotive marketplace and software provider Trader, which could be valued at $2.9 billion, including debt.
UniCredit and OTP Bank: Italy's UniCredit and Hungary’s largest lender OTP Bank have submitted competing bids for Baltic bank Luminor, with owner Blackstone seeking a $2.3 billion equity valuation.
KKR: The investment firm acquired a portfolio of over 5,200 apartment units across the US for $2.1 billion from Quarterra, the apartment development arm of Lennar.
Quantum Capital Group: The investment firm agreed to purchase Caerus Oil and Gas for $1.8 billion.
Equitix: A consortium led by global investor Equitix will acquire Macquarie's 40% stake in Italy's Hydro Dolomiti Energia, valuing the stake at approximately $1.1 billion.
ZimVie: The dental implants manufacturer, with a market cap of around $500 million, is considering options including a sale after receiving takeover interest.
Chapel Down Group: The English winemaker has initiated a strategic review that may result in a sale.
LVMH: The luxury goods conglomerate will acquire Swiza, which owns the Swiss high-end clock maker L’Epée 1839.
Blackstone: The investment firm has made a 'best and final' offer for Hipgnosis Songs Fund.
Doordash: The food delivery service held takeover talks with its UK rival Deliveroo last month.
Beehiiv: The newsletter platform has acquired the website builder Typedream.
IPO
Solera: The Vista-backed automotive SaaS provider is seeking to raise over $1 billion in its planned IPO, targeting a valuation of up to $13 billion.
Clario: The drug-trial software maker has confidentially filed for an IPO, aiming for a valuation exceeding $10 billion.
Zealand Pharma: The Danish company will sell approximately $900 million in new shares to fund research and development for obesity drugs.
New Funds
Macquarie Asset Management: The firm closed an opportunistic real estate fund at approximately $1.9 billion, aimed at global investments.
Blackstone: The investment firm raised around $1.1 billion for its targeted $2 billion European credit fund.
Meadow Partners: The real estate private equity firm closed its sixth flagship fund at $530 million.
a16z: The venture capital giant plans to raise its first private equity fund.