What's happening: AI fuels record $119.5B venture fundraising despite fewer rounds
Venture capital fundraising jumped 16.9% to $119.5 billion in 2025, the strongest recovery since the 2022 market reset. The total number of rounds fell 41% to 4,859, concentrating capital in larger AI‑focused financings, with AI startups capturing 58% of Series D cash and median valuations rising across all stages.
Also developing:

DayOne Data Centers Limited announced a US$2 billion Series C funding round. The round was led by Coatue with participation from Indonesia Investment Authority, Indonesia’s sovereign wealth fund. Combined with the earlier US$1.9 billion equity raises and a €1 billion mezzanine facility, total capital now approaches US$4 billion. The proceeds will accelerate global expansion, focusing on hyperscale campuses in Finland and further roll‑outs across Asia‑Pacific.
After Sarah Rowell and Scott Mackenzie spent five years increasing Kantola Training Solutions' revenue, client retention, and learner engagement, they saw the market starting to consolidate and decided to make a strategic move to maximize value; either through acquisition or...
2025 reinforced what I've always believed: the best ideas and founders emerge from everywhere. We at Notable Capital backed founders building companies that transcend borders and categories—I am excited for dub and K Health for democratizing financial investing and personal...

Swedish consumer‑health startup Sigrid announced a $5 million financing round, though the investors remain unnamed. The capital will fuel both operational scaling and intensified research and development. Sigrid’s core offering is its patented SiPore technology, a non‑systemic, mechanically active platform that...

Every day a deal stays in due diligence is another day for "market events," "cold feet," or "competitor moves" to blow it up. For a fast-growing marketing agency recently listed on @acquiredotcom, the goal was a premium 3.8x EBITDA multiple. We hit...

Filtrabit, a Finnish cleantech firm specializing in dust‑extraction systems, secured €2 million in a financing round led by Ajanta Innovations 2 Ky. The capital will accelerate research and development while funding geographic expansion across the Nordics, Central Europe and India. The technology removes...

Linker Vision, a Taipei‑based AI software platform, closed a $35 million Series A round led by Abico Group, with participation from NVIDIA and several Taiwanese venture funds. The capital will fund a rapid global expansion into the United States, Latin America, Asia,...
In this episode, Michael Brehm of Redstone explains how the firm backs a single investment across 200 European ventures, creating a new model for VC access that spreads risk and capital efficiently. He discusses the rationale behind concentrating capital, the...
Getting to know potential acquirers in your space does increase the odds they acquire you — if you do it for the right way. Why? Because it builds trust. And a big part of M&A is trust. Will the team we just...
A portfolio co is building Cursor 2.0. If any Series A+ founders or eng leaders are open to sharing early feedback as a favor for me, DM me. :)
Interos.ai announced a $20 million funding round led by Blue Owl Capital and Structural Capital. The new capital will accelerate development of its AI‑powered Operational Resilience Cloud, which visualizes and monitors global supply chains down to individual suppliers. The platform also...
If you are not bullish on Europe right now I can categorically tell you, you have s*** dealflow and need to improve. Never been more great entrepreneurs building mega European businesses.
Project Europe has been live for 10 months. 12 Project Europe companies. 4 have raised significant up rounds from Tier 1s. 1 has been acquired by category leader. Never been more confident that Project Europe will be the dominant entry...

Mario Götze, the 2014 World Cup hero, has built a parallel career as an angel investor through his vehicle Companion M, which now backs more than 70 startups. Two of those companies, Danish fintech Flatpay and German AI firm Parloa,...
Jensen is liquid. As odious as the precedent is, he can pay it. His competitors, startup founders, are illiquid. Their paper valuations can't be cashed in. Even a "five year payment plan" wipes them out. Clever framing designed to normalize the estate...
Congrats to Travis Harvego , Joe Hoffman , and the ROOFLE team for their recent acquisition by SalesRabbit . Best of luck as you kick off the next stage in your journey. Glad we could help. Check out the press...

Meritz Securities announced a strategic partnership with AI‑focused firm WNSTN to embed compliant, infrastructure‑grade artificial intelligence into its next‑generation digital investing platform. The collaboration makes Meritz the first major Korean brokerage to deploy WNSTN’s real‑time, multi‑agent financial AI across client‑facing...
Your business is not your baby, child, or another human you are in a relationship with. It is an organization. That distinction matters more than founders want to admit. Organizations exist to convert decisions into outcomes at scale. They rely on clear...
I’ve been around long enough to see how most M&A paths actually unfold. Some work exactly as hoped. Others resolve quietly. A few fall apart late for reasons that never make it into a postmortem. I’ve been on the acquiring side, the...

Phylicia Koh, GP at Play Ventures, explains how gaming mechanics are becoming the operating system for consumer apps, with in‑app purchases in non‑gaming sectors now outpacing traditional gaming spend. She outlines Play Ventures' $142 M thesis focused on "playable apps" that...
Valuations of software companies are highly dependent on the predictability of revenue. In other words, different classes of revenue are valued differently depending on their predictability. The more predictable, the better. To help founders distinguish between the different classes of...
An issue I’m seeing pop up with new AI companies - they pay reps on “ARR” that’s really a series of three month pilot deals. The rep sells something for $3K and they call it $12K in ARR. Oh, and...

Kate Lowry, a former vice president at Insight Partners, filed a lawsuit in San Mateo County alleging disability discrimination, gender discrimination, and wrongful termination. She says her supervisor demanded constant online availability, subjected her to harassment, assigned redundant tasks, and...

Not every startup is ready to sell the first time it hits the market. In 2022, a founder listed a promising startup on @acquiredotcom that went nowhere. No real buyer interest. No momentum. The issue wasn’t demand. It was structure. So they...
💥 Now that we’ve packed up the holidays and turned the corner into 2026, it’s a good time to take stock of the spaces we live in. This The New York Times piece highlights how Havenly Brands (Havenly, Interior Define,...

Azimuth AI, a semiconductor firm operating out of Sacramento and Hyderabad, closed an undisclosed‑amount funding round led by Jetha Global, with participation from Moneta Ventures, AUM Ventures, and new investors. The company specializes in custom edge‑AI system‑on‑chips targeting smart utilities,...
I sat down with @mjmauboussin to connect his unconventional career to Runnin’ Down a Dream—then used history, not hype, to frame the current AI investment world. Pre-order the book to unlock the full video here: https://t.co/HlNDfpEy66 #runnindownadream https://t.co/AhjQL3BGAO

1/ Big news today from Lux family co Variant Bio 🧬📈@VariantBio Announced its new Inference platform is now available to research partners + has collaborations with several pharmaceutical companies in deals totaling more than $200 million including Boehringer + Novo...

Alan Chang, co‑founder and CEO of Fuse Energy, shares how he scaled the company from $2M to $400M in three years by applying the same high‑speed, extreme‑ownership culture he helped build at Revolut. He emphasizes that building a generational business...
strategy should hurt. if you aren't making painful trade-offs, you haven't prioritized. • one goal, one owner • shared ownership = no ownership molly graham on @lennysan: https://t.co/RW7eAWk6kI

A good reminder that outside of the tech bubble, we must expand our efforts to (1) show tangible AI superpowers to many people, and (2) address the concerns and fears they have about AI growth, both environmentally and economically. Failing...
Different buyers value companies differently. Only by talking to a broad spectrum of buyers will you ensure that you: * Uncover all potential synergies * Make the process hyper-competitive * Unlock the best outcome #founders #pathtoexit
Will today's leading foundational LLMs be the DEC,Cray, Wang, Radio Shack, Sun, Data General, Compaq, etc of tomorrow ? GenAI LLMs want to be the operating systems of today and tomorrow. It's possible they will be the CP/M, DOS,...
AI removed the natural friction that used to separate thinking from output. Writing, design, analysis, code, and planning now move fast enough that effort is no longer a credible signal. When anyone can produce something quickly, speed stops being impressive. What...
The best operators conserve conviction the way capital allocators conserve cash.
I have interviewed 1,000 of the best founders over the last 10 years. The top three: 1. Nik Storonsky (Revolut) 2. @awxjack (Airwallex) 3. @alanchanguk (Fuse Energy) All three share one trait. Unwavering obsession to win. We BS so many founders today because people hate what...

One of the biggest myths in SaaS is that if a business isn’t pure subscription, it’s not sellable. That’s wrong. A recent $4.5M cloud computing acquisition on @acquiredotcom proved it. This company didn’t have textbook recurring revenue, but it did have...
If you’ve been investing long enough, you’ve passed on a few companies that still stick with you. @tryramp is one of mine. I saw the seed round and could’ve led it, but passed because we’d already backed a company that MIGHT...
At 70+ I feel like I'm thirty backing exciting innovators/innovations making the impossible possible and from improbable ideas to world-changing socially impactful companies. Never had such a fast learning rate in my life or felt I could have so much impact, which is exciting. https://t.co/3BTsDx4Gr7
Here are my predictions for 2050 (the world we can create) two years ago at TED and at our CEO conference:

Love when founders go ALL IN on a niche problem. High-margin SEO micro-SaaS dropped on @acquiredotcom. Proven demand with low operating costs and recurring revenue: > $120K TTM revenue > $106K TTM profit > $185K asking price Full listing: https://t.co/wEmZSNHIYp https://t.co/H2P0UFshLo
Execution is no longer the constraint. As building gets cheaper, judgment becomes the scarce resource. Models can generate options endlessly. What they don’t accumulate is lived consequence. They don’t carry the memory of failed bets, abandoned paths, or tradeoffs that only made...
prior gen software products often added scripting languages/macros so that people can extend functionality (Excel being the most famous, but also modding in games, etc) what if every app becomes a vibe coding app? That is, in any app that you use...
Wow, here's an estimate of what investment banks made from IPO fees in 2025 2026 will blow these (already large) numbers away if OpenAI, SpaceX, and Anthropic hit the public markets (Someone tell the manager at Porsche of Greenwich to...
It's totally OK to ask a VC at the end of a pitch meeting, "Based on what you know now, what are the odds you'd invest?" In fact, it can save a lot of time

Founders often focus on the product and the growth, but in the world of M&A, a premium exit starts with your books. For sophisticated buyers, clean financials are virtually mandatory. If a founder can't produce a clean P&L on demand, it...
More risk is something most people are afraid of, and it's where the larger opportunity lies
Building a tool to help startups fundraise faster. If you're a founder planning to raise soon, DM me. Would love your feedback on the early beta. :) (I may delete this if I receive too many DMs)

Yes, M&A is back. More deals are getting done. But per @SiliconVlyBank, VCs make 3x or more their money on just 7% of them That’s way, way down from 22% in 2021, and even 15% in 2019 https://t.co/5oeZOGTpNr
Saying that only entrepreneurs generate wealth is as mistaken as saying that only workers do. In fact founders, managers, employees, and individual craftsmen can all generate wealth. Founders do have the most leverage though.