Today's Venture Capital Pulse

Clip secures $500M to accelerate consumer wallet rollout
Mexican fintech Clip raised $500 million, pushing its valuation above $2.5 billion. The new capital will fund the rollout of a consumer‑focused wallet and broaden its financial‑services platform. Investors were not disclosed and the round remains under review.
Also developing:
By the numbers: Francisco Partners raises $18B for new tech funds
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What Is Series Funding A, B, and C?
Series funding—Series A, B, and C—are sequential equity rounds that follow seed capital, allowing startups to raise sizable cash in exchange for ownership. Series A typically secures $5‑$20 million and values firms up to $78 million, while Series B pushes valuations to a median $168 million for scaling operations. Series C draws hedge funds, private‑equity firms, and investment banks, often deploying hundreds of millions to fund acquisitions or global expansion. Each round intensifies dilution and investor oversight, setting the stage for potential IPOs or strategic exits.
PitchBook Warns $2 Trillion VC Market Hinges on Three IPOs
PitchBook’s latest data shows the $2 trillion venture‑capital asset class could be defined by the outcomes of three high‑profile IPOs – SpaceX, OpenAI and Anthropic. The report warns that the sector’s future performance, LP confidence and capital recycling are tightly linked...
OpenAI Adds Citigroup, JPMorgan to IPO Syndicate as Trillion‑dollar Listing Looms
OpenAI is negotiating with Citigroup and JPMorgan Chase to join Goldman Sachs and Morgan Stanley on its underwriting team, signaling that the company’s planned trillion‑dollar public offering is shifting from rumor to execution. The move comes after a confidential S‑1...

Realizing One Life Sparks True Founder Worth
Every man has two lives. The second begins when he realises he only has one. I asked Martin Escobari what makes a founder worth backing. Episode out now.
VCs Redirect Billions to Biotech as Hedge Against AI Bubble, PitchBook Reports
Crossover investors, asset managers, mutual funds and hedge funds are reallocating capital toward biopharma, with recent IPOs like Kailera raising $625 million and Eli Lilly completing $20 billion in acquisitions. The shift reflects a defensive strategy as the AI sector shows signs of...

The First Lap Runners: Why Micro VCs Are Critical in India's Venture Relay
India’s micro‑VC ecosystem has exploded from roughly 30 funds in 2015 to about 250 today, an eight‑fold increase. These investors focus on the zero‑to‑one phase, offering rapid, small‑check capital—often a Rs 2 crore ($240k) investment at a Rs 20 crore ($2.4M) valuation—to accelerate learning...
Healthcare Data Platform H1 Lands $40 Million From CVS Health Ventures
H1, the nine‑year‑old healthcare data platform, closed a $40 million round led by CVS Health Ventures. The funding arrives as the startup reports cash‑flow profitability and a 40% revenue growth outlook, highlighting corporate investors’ willingness to back late‑stage SaaS despite a...

Pax Raises $40M Seed Round
Brazilian AI startup Pax announced a $40 million seed round led by Greenoaks and Benchmark. The company’s platform uses conversational AI to sift through surveillance video, generate investigative leads and answer queries for law‑enforcement agencies. Pax currently operates in roughly 30...
Solstice Secures $21M Series A Financing
Solstice, an AI-native marketing agency for pharmaceutical brands, announced a $21 million Series A round led by Transformation Capital, bringing its total capital to roughly $25 million. The funding will support go‑to‑market expansion, accelerate product development, and grow teams across product and client‑facing...
The Week’s 10 Biggest Funding Rounds: Anthropic Dominates In An Otherwise Slower Week For Megarounds
Anthropic dominated the week with a $65 billion Series H round, lifting its post‑money valuation to roughly $965 billion, edging toward the $1 trillion mark. The next‑largest deal was Cognition, which secured over $1 billion and is now valued at $26 billion as an AI software‑engineer...

You Bought a SAFE. Who's Protecting Your QSBS?
Angel investors using SAFEs often chase the Section 1202 tax break, assuming their investment will qualify as qualified small‑business stock (QSBS). However, a SAFE is a hybrid instrument that the IRS has never definitively classified as stock, leaving the holding‑period...
Anthropic Raises $65 B Series H, Valuation Near $965 B, Overtaking OpenAI
Anthropic announced a $65 billion Series H round that values the AI startup at $965 billion, surpassing OpenAI. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoas, with strategic commitments from Amazon, Samsung, Micron and SK Hynix. The funding fuels a...

Pivot Raises $40 Million to Rebuild Enterprise Procurement Around Agentic AI
Pivot announced a $40 million Series B round, bringing its total funding to $70 million, to accelerate its AI‑driven procurement operating system. The platform claims to unify sourcing, approvals, invoicing and payments while delivering real‑time spend visibility before financial exposure hits ERP systems....
Digital Care Startup Garner Secures US$100m Funding
Garner Health announced a $100 million Series E round that lifts its valuation to roughly $2.74 billion. The capital, led by Index Ventures and backed by Kleiner Perkins, Sequoia, Founders Fund and Kaiser Permanente Ventures, will be used to broaden its AI‑powered provider‑quality...
LinkerBot Seeks $6 B Valuation to Mass‑produce Low‑cost Robot Hands
LinkerBot, the Chinese maker of dexterous robot hands, is courting new investors at a $6 billion valuation after shipping 10,000 units that satisfied 80% of worldwide demand. Founder‑CTO Zhou Yong says the company will drive prices down to $200 within five...
Navigate.AI Raises $25M to Deploy AI Copilot for Construction Crew Training
Navigate.AI, the startup founded by Opendoor co‑founder Eric Wu, announced a $25 million funding round and the launch of an AI copilot that uses phone and smart‑glasses video to train construction crews and improve quality control. Partnering with homebuilder Lennar, the...

Former Microsoft and McKinsey Operators Raise $1M to Automate Enterprise Cloud Infrastructure Management
Oslo‑based AI startup Cloudgeni announced a $1 million seed round backed by Nordic investors, including byFounders Angel Collective, Startuplab, Antler, and notable angels. The company, founded by a former Microsoft developer and a former McKinsey consultant, builds AI agents that automate...

OKX Ventures, Korea Investment & Securities to Buy 19.6% Coinone Stake for $106M
South Korean exchange Coinone will sell a 19.6% stake to OKX Ventures and Korea Investment & Securities for roughly $106 million. The transaction, pending regulatory approval, combines secondary share purchases with newly issued shares, making the two investors joint third‑largest shareholders...
MokN Raises €12.9 Million to Combat Credential Theft as GV Makes Its First Investment in a French Startup
French cyber‑security startup MokN announced a $15 million Series A round led by GV, marking the venture firm’s first investment in a French company. The funding will accelerate development of its "phish‑back" platform, expand operations in the United States and the United...

Anthropic’s US$65B Cheque Redraws AI Funding Map
Anthropic closed a $65 billion Series H round, lifting its post‑money valuation to roughly $965 billion and positioning it as a heavyweight in enterprise AI. The company claims a $47 billion run‑rate revenue from its Claude large language model, a figure that would rival...

World's Most Valuable AI Start-Up: Anthropic Nears $1 Trillion Valuation as It Overtakes OpenAI
Anthropic announced a $65 bn private funding round that lifts its valuation to $965 bn, making it the world’s most valuable AI start‑up. The company reported annualised revenue of $47 bn from its Claude AI platform, which now includes the newly launched Claude...

Three Aussie Startups that Raised $15.5 Million This Week
Australian medtech and energy startups Oli, AlleSense, and Cable collectively raised about $15.5 million AUD (≈$10.2 million USD) this week. Oli secured $6.5 million AUD in a Series A3 to advance its wearable maternal‑fetal monitoring platform, bringing its total private funding to $13 million AUD....
InDrive Launches Aurora Ventures to Fund Women‑led Startups up to $250k
Ride‑hailing firm inDrive has created Aurora Ventures, an early‑stage fund that will allocate $180,000‑$250,000 per deal to women‑founder startups in emerging markets, starting with Nepal and South Asia. The initiative follows the 2026 Aurora Tech Award and seeks to plug...
Mercury Secures $200M Series D at $5.2B Valuation, Eyes US Bank Charter
Mercury announced a $200 million Series D financing round that lifts its valuation to $5.2 billion. Led by TCV, the round brings total capital raised to roughly $700 million and fuels the company’s plan to apply for a U.S. national bank charter.

Anthropic Raises $65B As It Scales Partnerships
Anthropic announced a $65 billion Series H round that lifts its post‑money valuation to $965 billion, more than double the figure disclosed in February. The funding surge coincides with a reported run‑rate revenue exceeding $47 billion, up from $14 billion three months earlier. Anthropic is...

SpaceX IPO | S-1 Breakdown
SpaceX filed its S‑1, unveiling a three‑pronged business model that includes launch services, the Starlink satellite internet network, and a rapidly expanding artificial‑intelligence division. The filing shows FY25 revenue of $18.7 billion, up 33 % from the prior year, and projects AI...
Tensormesh Snares $20M Funding
Tensormesh announced a $20 million seed extension, bringing its total financing to $24.5 million, backed by AMD Ventures, CoreWeave, NVentures, Valley Capital Partners and Laude Ventures. The round coincides with the general availability launch of Tensormesh Inference, a SaaS platform that caches...

Anthropic Valuation Nears $1T, Eclipses OpenAI
Anthropic announced a $65 billion Series H round that lifts its post‑money valuation to $965 billion, overtaking OpenAI’s $852 billion estimate. The funding, led by Altimeter Capital and Sequoia, brings strategic chipmakers Micron, Samsung and SK Hynix on board. Claude’s revenue run rate now exceeds...
Final Day to Apply for TechCrunch Disrupt’s $100K Startup Battlefield 200 Competition
The application window for TechCrunch Disrupt’s Startup Battlefield 200 closes tonight, offering 200 early‑stage companies a shot at $100,000 in equity‑free funding, a fully funded booth, and direct access to top venture capital firms. The competition has historically helped startups...
Anthropic Lands $65B at $965B Valuation
Anthropic announced a $65 billion Series H financing round that lifts its post‑money valuation to $965 billion, nearly tripling the figure from February. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Anthropic positions itself as an AI safety and...
Corgi Grabs $106M Series B1 Round
Corgi, a full‑stack insurance platform, announced a $106 million Series B1 financing. The round, led by TCV and backed by 13 other investors, lifts the company’s valuation to $2.6 billion. This follows a $160 million Series B disclosed three weeks earlier, bringing total funding to...

Anthropic Tops Valuation of AI Pioneer OpenAI
Anthropic announced a $65 billion Series H financing round that lifts its post‑money valuation to $965 billion, overtaking rival OpenAI’s $852 billion valuation. The startup reported a $47 billion revenue run‑rate, driven by expanding enterprise adoption of its Claude chatbot. The round was led by...
General Catalyst Makes Largest Bet on Anthropic’s Trust‑Driven AI
We are quadrupling down on Anthropic . This is the largest single investment in General Catalyst 's history. It reflects just how strongly we believe in this company - largely because Anthropic is winning on product and on values simultaneously....
Non‑participants Face Steeper Dilution than Round Participants
What's the dilution story for both those that did AND those that did not participate in both the Anthropic $350B valuation round and this $960B valuation round. Can anyone explain it to me?
PayPal Veteran Launches AeQuitas Invest to Tackle Gender Bias in VC Funding
Molly Huyck, a two‑decade PayPal veteran, unveiled AeQuitas Invest (AQi), a Regulation Crowdfunding marketplace dedicated to women‑founders. The launch comes as venture capital allocated to women‑led companies fell to 1.1% in 2025, down from 2.1% in 2024, and seeks to...
Anthropic Raises $65B, Hits $965B Valuation
Anthropic's closed a $65 billion funding round at $965B post-money valuation led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia

USVC Backs Recursive Superintelligence Alongside GV, Greylock
New USVC Investment: We just invested in Recursive Superintelligence, a new AI research lab working on self-improving AI This investment was on the same terms as the leads Google Ventures & Greylock (with no fees or carry) Their vision is ambitious and the...
Human Archive Secures $8.2 Million to Deploy Head‑Mounted Cameras for AI Robotics Training in India
Human Archive raised $8.2 million from a slate of Silicon Valley investors to expand its network of head‑mounted cameras on Indian garment workers and other laborers. The data will feed large‑scale models of human sensimotor behavior, a resource the company says...
Seed vs Series A: Expected Revenue Benchmarks Revealed
Posted about the typical revenue benchmarks for startups at Seed and Series A raises: https://t.co/GXUlrKhKtb
LightTable Snares $22 Million Series A
LightTable, an AI‑native platform that centralizes intelligence for pre‑construction, announced a $22 million Series A round. The financing was led by Innovation Endeavors and included participation from Blackhorn Ventures, DivcoWest Ventures, 9Yards Capital, as well as existing investors Primary Venture Partners, MetaProp,...
Thea Energy Raises $100 Million Series B
Thea Energy announced a $100 million Series B round led by a coalition of venture firms, including Thomas Tull’s US Innovative Technology Fund and General Innovation Capital Partners. The capital will be used to expand magnet manufacturing capacity and speed the build‑out...

Saris Raises $28.8-million USD Series A to Automate Banks’ Back Offices
Saris AI, a Montreal‑San Francisco startup, closed a $28.8 million USD Series A led by 8VC, with participation from Audacious Ventures, Homebrew, Btech Consortium and Service Ventures. The funding will accelerate its AI‑agent platform that automates back‑office functions for banks and credit unions,...

Seed-Stage Valuation Gap Offers Opportunities for VCs with Global Portfolios: Antler
Antler warns that many investors underestimate the upside of seed‑stage startups in emerging markets, creating a systematic valuation gap. Companies in regions such as Southeast Asia, Africa and Latin America are often priced below their true growth potential. This mispricing...

What’s the Bet: TRAC VC
TRAC VC has built a five‑year proprietary data platform that lets algorithms, not humans, decide which startups to fund. Using scores like Investor Group Quality and SuperTRACer, its first two funds posted top‑decile performance, with Fund I achieving a 76% follow‑on...

Space Markets Emerges From Stealth With Coinbase Ventures Investment
Space Markets, a stealth‑mode startup founded in December, announced its public debut and secured investment from Coinbase Ventures. The platform will run on Coinbase’s Ethereum Layer‑2 network and aims to launch futures contracts for orbital commodities such as satellite bandwidth,...
Triomics Secures $22 Million Series B Led by Battery Ventures to Scale Oncology‑Specific AI
Triomics announced a $22 million Series B round led by Battery Ventures, with participation from Nexus Venture Partners, Lightspeed, Y Combinator and others. The funding will accelerate the rollout of its oncology‑specific AI platform that automates chart review, trial matching and regulatory reporting...
Orbital Industries Raises $50M Series B for AI-Designed Data-Centre Hardware
Orbital Industries, the London‑San Francisco AI‑materials startup formerly known as Orbital Materials, closed a $50 million Series B round led by Plural with participation from Nvidia NVentures, Radical Ventures, Compound and Fly Ventures. The capital will be used to commercialise its PFAS‑free dielectric...

Nourish Cooks Up $100M of Series C Funding
Nourish announced a $100 million Series C round to scale its AI‑native virtual metabolic clinic, which pairs registered dietitians with personalized nutrition and medication management. The platform now supports over 10,000 dietitians and delivers measurable health improvements, including an average 8% weight...

Investor Burn Books and FaceTiming Serena Williams: Three Founder Fundraising Stories From Homecoming
Toronto Tech Week’s Homecoming highlighted three Canadian founders who turned fundraising challenges into wins. Rebel’s CEO Emly Hosie recounted a surprise FaceTime from Serena Williams, which generated FOMO and helped close the Series A round. Float’s Rob Khazzam described how early investor...

VC: The $575B AI Bet (Biggest Since the World Wars) and the New Two-Buyer Reality in Software | Tomasz Tunguz,...
In this GTM Now episode, Tomas Tunguz of Theory Ventures explains that AI infrastructure spending is on track to become the fifth‑largest U.S. infrastructure project ever—about $575 billion by 2030—as hyperscalers pour roughly $12 into data‑center build‑out for every $1 earned from...