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
Insurtech Startup Plum Nets ₹193 Cr To Expand Employee Health Benefits Platform
Insurtech startup Plum announced a $20.6 million Series B round, raising ₹193 crore led by Peak XV Ventures with participation from Tanglin and GMO Venture Partners. The funding will finance talent acquisition, AI‑driven claims processing, enterprise‑grade security, and deeper HR‑payroll integrations. Plum also plans to broaden its platform beyond claims into preventive care, primary care, mental‑wellness and telehealth services. The raise follows Plum’s first full year of EBITDA profitability and its existing client base of over 6,000 organisations such as Zomato and Swiggy.
AI Fuels Document Churn, Founders Must Work Harder
Founders are running their decks, docs, and narratives through AI to drive investor cycles. But investors are doing the same: they’re making (more) comments on investor agreements, advisor docs, warrants, etc. Founders: expect to work harder to close.
Nvidia-Backed Startup Valued at $25B to Counter Chinese AI
Nvidia-Backed Startup Seeking to Counter Chinese AI Eyes $25 Billion Valuation Yes, it's all about "countering Chinese AI"... https://t.co/7VwOnVxaeb
Fintech Startup Worth Secures $30M Series A to Power AI Onboarding for SMBs
Worth raised $30 million in a Series A round led by Fulcrum Equity Partners, with participation from Amex Ventures, to scale its AI‑powered platform that streamlines onboarding and underwriting for small‑business lenders. The funding will accelerate product development, including a new...
OpenAI Funds Isara, a Youth‑led AI Startup
OpenAI Backs New AI Startup Seeking Bot Army Breakthroughs The San Francisco company, called Isara, was founded last June by two 23-year-old AI researchers, Eddie Zhang and Henry Gasztowtt. They have hired researchers from Google, Meta , and OpenAI. https://t.co/TmyAydRBDk
Meet Keith – the AI-First Law Firm Looking to Transform Conveyancing
AI‑first law firm Keith has secured $2.5 million in seed funding to launch a fully automated conveyancing platform this summer. The firm will use a network of 38 specialized AI agents to handle up to 80% of the transaction workflow, aiming...
Verse8 Raises $5M for AI-Driven Game Creation Platform
Verse8, an AI-native platform that lets creators instantly turn ideas into playable games, announced a $5 million seed round. Since its stealth launch in July, the service has attracted more than 3.5 million monthly active users, supported by over 5,000 active creators...
AI Keeps Investing Basics Same, Execution Completely Transformed
When it comes to investing in the age AI, “nothing has changed, but everything has changed.” As Hustle VC co-founder Elizabeth Yin explains to me, understanding a founder’s potential and a company’s basic health and outlook is the same as...
$125M and a Cap Table That Reads Like a Who’s Who of Healthcare VC: What Qualified Health’s Series B Actually...
Qualified Health announced a $125 million Series B round, bringing its total funding to $155 million and led by NEA alongside a slate of top health‑tech investors. The company offers an enterprise‑wide AI infrastructure platform that replaces fragmented point‑solution approaches. Early adopters such...
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...
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...
Airstreet's $232M Third Epoch Unveils AI Future
always fun to chat with @johncoogan on @tbpn - this time about @airstreet's $232,323,232 third epoch launch and what's next in ai! https://t.co/qNb8OId6sl https://t.co/wrQZuvrmLD
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...
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.
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...