Today's Venture Capital Pulse
Updated 2h ago
Plazza eyes $15M raise to expand hyper‑local medicine delivery
Bengaluru‑based quick‑medicine delivery startup Plazza is in advanced talks to raise about $15 million, with roughly $4 million each expected from Accel, Elevation Capital and Nexus Venture Partners and $3 million from existing backers. The funding would value the company near $50 million and support the expansion of its inventory‑led, hyper‑local fulfilment network.
Also developing:
By the numbers: Beeline Medicines raises $300M Series A
Lace Lithography Raises $40M to Pursue Helium Atom Beam Chips at Atomic Resolution
Lace Lithography, a Microsoft‑backed Norwegian chip‑making equipment startup, closed a $40 million Series A round led by Atomico. The funding will accelerate its helium‑atom beam lithography platform, which promises feature sizes ten times smaller than today’s EUV tools and a test tool in a pilot fab by 2029.
Jeff Bezos Launches $100 B AI Acquisition Fund to Overhaul Factories
Jeff Bezos has announced a $100 billion fund aimed at acquiring manufacturers and deploying AI to modernize factory floors. The vehicle, linked to his Project Prometheus venture, could become one of the largest buy‑out funds in history and blurs the line...
PDW Raises Over $110M to Expand Military Drone Production
Performance Drone Works (PDW) announced a Series B round that raised over $110 million, led by Ondas and joined by strategic investors such as Hood River, Cedar Pine, Hanwha’s venture fund and Booz Allen Hamilton. The capital will fund a hiring...
Private Stablecoin Platform Payy Network Raises $6 Million Seed Round
Payy Network announced a $6 million seed round led by FirstMark Capital, with participation from Robot Ventures and DBA Crypto. The private‑by‑default stablecoin platform uses zero‑knowledge proofs to conceal transaction details, addressing transparency concerns that deter enterprise adoption. Payy’s services, including...
Low Retention, High Burn = No $50M Valuation
I talk to delusional Series A founders every day. So now, I just tell them this. If your company does under $10M ARR, burns over $200k/mo, and has low Gross Retention…you are not worth $50-100M to anyone. Doesn't matter what your...
SBI, Sony Back Startale’s $63 Million Push to Expand Japan’s Tokenized Finance Stack
Startale Group closed a $63 million Series A round, secured by SBI Group ($50 million) and Sony Innovation Fund ($13 million). The Singapore‑based firm builds blockchain infrastructure, including the Strium tokenized‑securities ledger, JPYSC and USDSC stablecoins, and a consumer‑facing app. The capital will be...
M1X Global Raises $3m to Scale On-Chain Sovereign Finance
M1X Global, a public‑private partnership with the Republic of the Marshall Islands, announced the public launch of its on‑chain sovereign finance platform and closed an oversubscribed $3 million angel round. The funding, sourced from prominent crypto‑finance figures and the Stellar Development...
Tech‑Heavy Startups Dominate Harmonic Q2 List with Minimal Overlap
Harmonic just dropped its Q2 '26 Hot 25 list, featuring the early stage companies seeing the most investor interest on @Harmonic_AI's platform. My biggest takeaways: Almost zero competition between these products. Every quarter, this list has multiple clusters of startups all sort...
Trayd Raises $10M, Slashes Payroll Time 28x
Congrats to Trayd on their $10M Series A! Specialty trade contractors deal with union rules, multistate labor laws, and a ton of manual back-office work. Trayd automates payroll, HR, and compliance for them, cutting a 14-hour weekly process down to under...
Swiss Orbital Tug Startup Pave Space Raises $40 Million
Swiss startup Pave Space announced a $40 million private funding round to develop a reusable orbital tug and conduct a demonstration flight. The round was led by Visionaries Club and Creandum, with participation from several European investors. Originating as a student‑led...
Y Combinator-Backed Mandel AI Raises $3.9M to Automate Global Supply Chains
Mandel AI, a Y Combinator‑backed startup, secured $3.9 million in seed funding to launch an AI‑driven supply‑chain coordinator. The platform sits atop existing email and ERP systems, using specialized agents to read supplier messages, reconcile purchase orders and invoices, and act...
Happy Pay Secures $5M Seed to Expand BNPL Across Africa
𝗥𝗲𝗶𝗻𝘃𝗲𝗻𝘁𝗶𝗻𝗴 “𝗕𝘂𝘆 𝗡𝗼𝘄, 𝗣𝗮𝘆 𝗟𝗮𝘁𝗲𝗿” 🇿🇦 South African fintech Happy Pay has raised $5 million in seed funding, in a round led by global venture capital firm Partech, 𝗮𝘀 𝗶𝘁 𝗹𝗼𝗼𝗸𝘀 𝘁𝗼 𝘀𝗰𝗮𝗹𝗲 𝗮 𝗻𝗲𝘄 𝗺𝗼𝗱𝗲𝗹 𝗼𝗳 𝗰𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗰𝗿𝗲𝗱𝗶𝘁 𝘁𝗵𝗮𝘁 𝗿𝗲𝗺𝗼𝘃𝗲𝘀...
Adonis Raises $40M Series C to Strengthen Healthcare Revenue Cycle
Adonis announced a $40 million Series C round to accelerate its revenue‑cycle platform for healthcare providers. The funding, led by a mix of existing and new investors, will support product expansion and deeper market penetration. CEO Akash Magoon highlighted persistent challenges such as...
Invest in Founders, Not Categories: Glimpse’s Success
Heard this from VCs? "You're great, but your category isn't." I invest in top-notch founders, not categories. Case study: Akash Raju , Anuj Mehta , and Kushal Negi at Glimpse . Started out in a completely different business. But got...
Eunice Raises $8m to Transform Alternative Asset Due Diligence
London‑based Eunice, which builds AI‑driven due‑diligence infrastructure for regulated markets, announced an $8 million seed round led by Moonfire Ventures and Speedinvest, with participation from Openspace Ventures and a roster of high‑profile angel investors. The funding will accelerate the rollout of...
Active Angel Investing: Relationships Drive Monumental Returns
I had one of the legends of angel and seed investing on Uncapped, @RonConway. He's the founder of SV Angel been an early backer of companies like Google, Facebook, Airbnb, and many more. We talked about the evolution of tech, being...
VCs Fund Performance, Not Just Thesis Alignment
The thing that will make a VC want to fund you is not how well you match their (claimed) investment thesis. It's the same thing that will make every other VC want to fund you: how well you're doing.
Sift Raises $42 Million in Series B Round
Sift, a Southern California startup founded by former SpaceX engineers, announced a $42 million Series B round led by StepStone Group with participation from Google Ventures and other investors. The capital will be used to grow its engineering team and enhance its...
Thesis Care (Formerly Trovo Health) Secures $45M to Scale AI-Powered Clinical Care Teams
Thesis Care, formerly Trovo Health, closed a $45 million Series A round led by Oak HC/FT, bringing total funding to $60 million. Founded in 2024 by ex‑Cedar executives, the startup uses AI agents backed by clinicians‑in‑the‑loop to automate end‑to‑end clinical workflows. By delivering...
EIF Launches €15bn Fund of Funds to Back 100 Growth-Stage VCs
The European Investment Fund announced a €15 bn (≈$16.2 bn) fund‑of‑funds, the second European Tech Champions Initiative, to back about 100 growth‑stage venture capital funds across the EU. The program will target mid‑size funds raising €300‑600 m (≈$324‑$648 m) and mega funds of €1 bn...
Qualified Health Raises $125M to Scale Generative AI in Health Systems
Qualified Health, a public‑benefit AI firm, closed a $125 million Series B led by NEA, adding investors such as Transformation Capital and Anthropic. The round will fund expansion of its generative‑AI platform that offers governance, risk‑alert, privacy safeguards and workflow automation for...
Bessemer's Track Record Highlights India's VC Growth
We continue our series of looking at venture capital performance in India with a story on Bessemer Venture Partners https://t.co/OjzXOWYEDD @followthemani
VC Returns Revealed: Bessemer India’s Slow-Build Strategy Put to the Test
Bessemer Venture Partners has shifted from a modest, global‑fund‑backed approach in India to launching dedicated funds—a $220 million vehicle in 2021 and a $350 million fund slated for 2025. Over 15 years the firm committed $774 million to Indian startups, generating $683 million in cash...
Cambridge Mobile Telematics Secures $350 Million Funding From TPG, Allianz, State Farm
Cambridge Mobile Telematics announced a $350 million financing round led by private‑equity firm TPG and joined by insurers Allianz and State Farm. The capital will fuel AI model development, a European rollout with Allianz and a hiring push for 30 AI...
Peter Thiel‑Backed Halter Raises $220 Million, Valued at $2 Billion
Halter, the New Zealand‑founded AI cattle‑collar company backed by Peter Thiel’s Founders Fund, closed a $220 million Series round, lifting its valuation to $2 billion. The funding will fuel expansion into Australia and the United States and underscores venture capital’s appetite for deep‑tech...
Microneedle Vaccine Patch Company Raises $50M for Pivot to GLP-1 Delivery
Terrestrial Bio, the microneedle vaccine patch pioneer originally founded as Vaxess Technologies, announced a $50 million Series B financing round to shift its focus from vaccines to GLP‑1 peptide delivery. The capital, led by a consortium of biotech investors, will fund clinical...
Exclusive: YC Doubles Down On Trayd, A Construction Tech Startup That Just Raised $10M In 3 Weeks
Trayd, a New York‑based construction‑tech startup, closed a $10 million Series A led by White Star Capital, bringing its total financing to $17 million. The SaaS platform automates payroll, HR, compliance and labor‑cost tracking for specialty trade contractors, shrinking a 14‑hour manual process...
Sherweb Raises $125M to Expand Cloud Marketplace and MSP Services
Sherweb secured a $125 million minority investment from Investissement Québec to fund its next growth phase. The capital will expand its cloud marketplace and MSP enablement platform, building on the recent MicroWarehouse acquisition that gave it over 7,500 partners in North America...
After Pivoting, Y Combinator Grad Glimpse Raises $35M Led by A16z
Fintech startup Glimpse announced a $35 million Series A round led by Andreessen Horowitz, with participation from 8VC and Y Combinator. The company, a Y Combinator graduate, pivoted from an Airbnb product‑placement venture to an AI‑driven platform that automates retailer...
Renasens Closes €10m Seed to Scale Textile Recycling
Swedish deep‑tech startup Renasens closed a €10 million seed round (about $11 million) to build a pilot plant in Borås, Sweden, for its waterless, chemical‑free textile recycling platform. The technology uses supercritical carbon dioxide to dissolve polymer chains, enabling the separation of...
With $8M, Eunice Brings Institutional-Grade AI to Due Diligence
London‑based Eunice, which builds AI‑driven due‑diligence infrastructure for regulated markets, closed an $8 million seed and pre‑seed round led by Moonfire Ventures and Speedinvest. The funding will accelerate development of its institutional‑grade AI agents and broaden coverage beyond digital assets into...
With €30M Series A, Subbyx Scales Its Subscription Model Across Europe
Italian‑based Subbyx has closed a €30 million (≈$33 million) Series A round, bringing its total financing to €50 million (≈$55 million). The round, led by Systemiq Capital with Azimut participation and venture debt from Flashpoint, will fund the rollout of its AI‑powered Subbyx Builder platform...
Pave Space Raises $40 Million to Develop European Heavy Kickstage
Swiss startup Pave Space has secured $40 million in seed funding to build a 20‑metric‑ton orbital transfer vehicle capable of moving up to five metric tons from low‑Earth orbit to medium, geostationary or lunar trajectories in less than a day....
Building the Path to 3D-Printed Organs, Cellbricks Raises €10M for Biofabricated Tissue Implants
Berlin‑based Cellbricks Therapeutics secured €10 million (≈$11 million) in funding, including a €7 million seed round and over €3 million of non‑dilutive capital, to advance its light‑based biofabrication platform. The company aims to commercialise vascularised human tissue implants for complex wound healing and breast...
Switzerland’s PAVE Space Closes $40 Million Seed Funding Round
Swiss startup PAVE Space announced a $40 million seed round led by Visionaries Club and Creandum, accelerating its LYOBA heavy‑lift kick stage development. The company, a 2024 spin‑off from the Gruyère Space Programme, targets rapid satellite transport between orbits and plans...
Notch Raises $30M to Expand AI Operating System for Regulated Industries
Notch Ltd., a former specialty insurer turned AI startup, announced a $30 million Series A round to accelerate its AI operating system for regulated sectors, especially insurance, across the United States. The platform provides transparent, auditable AI agents that automate both front‑office...
Airbase Emerges From Stealth With $5M to Automate Spectrum Allocation
Airbase announced its emergence from stealth with a $5 million Series A round led by Andreessen Horowitz, joined by Squadra Ventures and Founders You Should Know. The startup aims to automate the Federal Communications Commission’s outdated, manual spectrum‑allocation workflow that relies on...
Nick Candy-Backed Fintech VibePay Falls Into Liquidation, Job Losses
Fintech VibePay, a UK peer‑to‑peer payment app backed by Nick Candy’s Candy Ventures, entered liquidation after investors withdrew funding. The company, founded in 2019 by Luke Massie, had raised over £12 million (approximately $15 million) and aimed to enable open‑banking account‑to‑account transfers...
OpenAI Expands Its Record Funding Round to over $120 Billion as It Eyes a Potential IPO Later This Year
OpenAI announced an additional $10 billion injection, pushing its record financing round beyond $120 billion. The expanded round brings in new backers such as Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG and T. Rowe Price, while Microsoft remains a key investor. CFO Sarah Friar hinted...
Cursor's $29B Valuation Tested as Investors and Demand Falter
Cursor, the AI‑driven code generation platform valued at $29 billion, is seeing investor enthusiasm cool and market demand soften. The shift highlights broader uncertainty for AI‑assisted development tools that power DevOps pipelines.
Kleiner Perkins Raises $3.5 B Across Two Funds to Double Down on AI
Kleiner Perkins announced a $3.5 billion raise – $1 billion for its 22nd early‑stage fund and $2.5 billion for a late‑stage vehicle – to accelerate AI‑focused investments. The haul, the firm’s largest since 2024, comes as venture capital pivots toward generative‑AI opportunities.
Hustle Fund Nears Goal After Year of Effort
Hustle Fund launched its fourth venture fund in March 2025, aiming to raise $50 million for seed‑stage software investments. After a year of outreach, the firm reports that it is close to reaching its fundraising target. The capital will be deployed...
Fashion Supply Startup Thread Factory Raises Pre-Seed Funding Led by AJVC
Thread Factory, a B2B fashion‑supply platform, secured a pre‑seed round of about $180,000, led by AJVC. The funding will boost its technology stack, expand the team, and grow its retailer‑manufacturer network across India. The startup reports an annual recurring revenue...
Togo's Quiet Rise as a Startup Contender
Togo’s tech ecosystem gained global attention when Lomé‑based super app Gozem closed a $30 million Series B round in February 2025, briefly placing the country among Africa’s top five startup funding destinations. The nation now hosts over 300 registered startups that have...
Fast&Up Parent Fullife Healthcare Raises Rs 300 Cr Led by Elev8
Fullife Healthcare, the parent of Fast&Up, secured Rs 300 crore (approximately $36 million) in a Series D round led by Elev8 Venture Partners, marking the investor’s first foray into the direct‑to‑consumer segment. The capital will fund brand acceleration, new product lines in digestive...
Cricketer Riyan Parag Backs Industrial Solutions Startup Proxgy
Cricketer Riyan Parag has invested roughly ₹2 crore (about $240,000) in industrial‑tech startup Proxgy, joining backers Ajinkya Rahane, Nikhil Kamath, Peyush Bansal and Suhail Sameer. Proxgy, founded in 2020, creates IoT‑enabled hardware and AI‑driven software to boost safety and efficiency for blue‑collar workers. The fresh capital...
Amity’s US$100M Raise Signals Southeast Asia’s AI Coming of Age
Thai AI group Amity announced a $100 million Series D round, the biggest generative‑AI raise in Southeast Asia, bringing its total capital to about $160 million. The funding backs a revenue run‑rate that has topped $100 million, driven largely by European operations, and fuels...
BKR Capital Secures CA$20 Million First Close of Fund II to Back Black‑Founder Tech Startups
BKR Capital announced a CA$20 million (≈ $14.5 million) first close of its Black Innovation Fund II, moving toward a CA$50 million target to invest in high‑growth Black‑founder technology companies. The milestone underscores a performance‑focused approach to diversity investing as the firm leverages strong...
Asia‑Pacific PE Exits Jump 24% in 2025, Net Distributions Turn Positive in 2026
Asia‑Pacific private equity saw exit value climb 24% year‑on‑year and net cash distributions become positive for the first time since 2021, driven by strong performance in Japan and Greater China. The rebound lifts liquidity for limited partners and reshapes advisory...
