NYC.. Yikes. | $100M+ VC Rounds
Coatue; Applied Intuition, Mach Industries, Multiverse, Helsing, Gecko Robotics, Cyera, Teamworks, Coralogix, Tennr, Juniper Square
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Hello from SF
SF is so back and I’m SO excited to be moderating "Capturing Alpha: The Emerging Manager Playbook," panel at the Next Legacy Bridge Summit later today. Bridge Summit will be a packed day in the heart of Silicon Valley including some of the brightest minds in venture, sports, and culture.
Joining me on the panel are industry leaders: Kelvin Beachum of Trenches & the NFL (Arizona Cardinals), Mike Smith of Footwork, and Richard Kerby of Field Ventures.
Next Legacy has built an incredible community where professional athletes, entertainers, investors, founders, and other changemakers come together to form meaningful connections and unlock venture opportunities.
Another amazing SF event this week is Forerunner’s Humans in the Loop! Kirsten Green (Forerunner), Reid Hoffman (Greylock, Linkedin), Eurie Kim (Forerunner), Alfred Lin (Sequoia), and Mike Krieger (Instagram co-founder, now CPO at Anthropic) will all be speaking.
We’ll be closing the week in the soon-to-be socialist NYC on Friday just to make things interesting..
Musings
Macro
Kalshi made history, once again - the legal live trading markets on Kalshi predicted the NYC election before anyone else.
This was insane to watch live.
Carta’s Q1 2025 VC Fund Performance report
DPI is still hard, smaller funds surge, TVPI is showing positive momentum
IPOs and SPACs are Back, Mag 7 Showdown, Zuck on Tilt, Apple's Fumble
EWM 2025: Coatue’s Thomas & Philippe Laffont
BG2 Pod Breakdown: AI, Public & VC Mkts, Macro, US Debt, Crypto, IPO's
Open AI’s Kevin Weil Dives into All Things ChatGPT
AI
Cluely went even more viral
Sam Altman, The Future of AI | Uncapped with Jack Altman
Meta in Talks to Hire AI Investors Friedman & Gross, Partially Buy Out Their Venture Fund
More
The Chainsmokers on Starting a VC Fund & the Future of Music
Scott Nolan, Founders Fund - CEO of General Matter on Uranium Enrichment
Snap acquires Saturn, a social calendar app for high school and college students
Interview with CEO Dylan Diamond
Waymo vs Tesla Robotaxi Cost comparison
Tesla Prepares For Its Robotaxi Rollout In Austin [Ark Invest]
Top Interviews
Cluely Raises $15M From a16z | Roy Lee, Founder & CEO
Browserbase Raises $40M Series B | Paul Klein IV, Founder & CEO
$300M Valuation, Raising $67.5M in just 15 months
Viral Gen Z App backed by Bezos, Benioff & Dara | Dylan Diamond, Founder & CEO
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Last Week (6/16-6/20):
Relevant deals include the 70+ deals across stages below. I've categorized the deals below into seven categories, Fintech, Care, Enterprise / Consumer, HardTech, Sustainability, Acquisition/PE, and Fund Announcements, and ordered from later-stage rounds to early-stage rounds.
Final Numbers
Over 1/3 of 2019 vintage funds have returned capital after 5 years
NYC Mayoral Race Winner on Kalshi
VC Deals
Fintech:
- Juniper Square, a San Francisco-based connected fund software and services provider for the private markets, raised $130 million in Series D funding. Ribbit Capital led the round and was joined by Fifth Wall, Redpoint Ventures, HighSage Ventures, Blue Owl Capital, and others.
- Abacum, a New York City-based business planning platform for finance teams, raised $60 million in Series B funding. Scale Venture Partners led the round and was joined by Cathay Innovation and existing investors Y Combinator, Creandum, Kfund, and Atomico.
- Payrails, a Berlin-based payments platform, raised $32 million in Series A funding. HV Capital led the round and was joined by existing investors EQT Ventures, General Catalyst, and Andreessen Horowitz.
- Payabli, a Miami-based payments infrastructure platform for software companies, raised $28 million in Series B funding. Fika Ventures and QED led the round and were joined by existing investors TTV Capital and Bling Capital.
- Mercanis, a Berlin-based agentic AI-powered procurement solutions provider, raised $20.4 million in Series A funding. Partech and AVP led the round and were joined by existing investors Signals.VC, Capmont Technology, Speedinvest, and angel investors.
- Tadaweb, a Luxembourg-based publicly available information and open-source intelligence operating system provider, raised $20 million in funding. Arsenal Growth and Forgepoint Capital led the round and were joined by existing investor Forgepoint Capital International.
- OneBalance, a London-based cross-chain applications developer platform, raised $20 million in Series A funding. cyber•Fund and Blockchain Capital led the round and were joined by Mirana Ventures and L2IV.
- Justos, a São Paulo-based auto insurance company, raised $16.5 million in funding. Ribbit Capital led the round and was joined by Kaszek, Endeavor Catalyst, and Scale-Up Ventures.
- Tensec, a Palo Alto-based cross-border financial services platform, raised $12 million in seed funding. Costanoa Ventures led the round and was joined by Quiet Capital, WillowTree Investments, Cambrian VC, and others.
- Grifin, a Tampa-based investing via spending app, raised $11 million in Series A funding. Nava Ventures led the round and was joined by TTV, Draper Associates, Gaingels, and others.
- Polar, a Stockholm-based payment infrastructure for SaaS businesses, raised $10 million in seed funding. Accel led the round and was joined by angel investors.
- Brandback, a Berlin-based resale infrastructure provider, raised $7.4 million in funding. Earlybird led the $5.7 million seed round and was joined by 9900 Capital and others. 9900 Capital led the $1.7 million pre-seed round and was joined by angel investors.
- Farsight, a New York City-based AI-powered financial insights and workflows platform, raised $13 million in Series A funding. SignalFire led the round and was joined by RRE Ventures, Link Ventures, K5 Ventures, and angel investors.
- SaturnX, a Dubai, UAE-based stablecoin payments infrastructure provider, raised $3 million in seed funding. White Star Capital led the round and was joined by others.
Care:
- Tennr, an New York-based provider of patient referral automation tools, raised $101m at a $605m valuation led by IVP, with participation from new backers ICONIQ and GV, plus insiders Lightspeed, a16z, Foundation Capital, and YC
- Nabla, a Brooklyn-based clinical AI assistant, raised $70 million in Series C funding. HV Capital led the round and was joined by Highland Europe, DST Global, and existing investors Cathay Innovation and Tony Fadell’s Build Collective.
- Sword Health, a New York City-based AI-powered healthcare platform, raised $40 million in funding at a $4 billion valuation. General Catalyst led the round and was joined by Khosla Ventures, Comcast Ventures, Lince Capital, and others.
- Quilt Health, a Boston-based complex diseases treatment developer, raised $6 million in seed funding. MaC Venture Capital and Underscore Ventures led the round and were joined by Meridian Street Capital, BoxGroup, Watershed VC, and Coalition Operators.
- Ryght AI, a Laguna Beach, Calif.-based clinical research GenAI solutions provider, raised $3 million in seed funding. Foothill Ventures led the round and was joined by LDV Partners.
- Nook, a crypto-focused savings app, raised $2.5m led by Coinbase Ventures
Enterprise/Consumer:
- Cyera, a New York City-based AI-powered data security platform, raised $540 million in Series E funding at a $6 billion valuation. Georgian, Greenoaks, and Lightspeed Venture Partners led the round and were joined by existing investors Accel, Coatue, Cyberstarts, and others.
- Teamworks, a Durham, N.C.-based sports software startup, raised $235m in Series F funding led by Dragoneer at a pre-money valuation north of $1b. It's a mix of primary and secondary capital.
- Coralogix, a Boston-based full-stack observability platform, raised $115 million in Series E funding at an over $1 billion valuation. NewView Capital led the round and was joined by the Canada Pension Plan Investment Board, NextEquity, existing investors Advent International, Brighton Park Capital, Revaia, and others.
- Clay, a New York-based sales automation startup, raised Series C funding led by CapitalG at a $3b valuation
- Maven AGI, a Boston-based enterprise AI agents developer, raised $50 million in Series B funding. Dell Technologies Capital led the round and was joined by Cisco Investments, SE Ventures, and existing investors Lux Capital, M13, and E14.
- Traversal, an observability and site reliability startup, raised $48m in seed and Series A funding from Sequoia Capital, Kleiner Perkins, NFDG, and Nanabi.
- Fermàt, a San Francisco-based AI-native commerce platform, raised $45 million in Series B funding. VMG Partners led the round and was joined by existing investors QED Investors, Greylock, Bain Capital Ventures, and Courtside Ventures.
- Browserbase, a San Francisco-based browser infrastructure platform for agentic AI, raised $40 million in Series B funding. Notable Capital led the round and was joined by existing investors CRV and Kleiner Perkins.
- Yupp, a Mountain View, Calif.-based AI model comparison platform, raised $33 million in seed funding. a16z crypto led the round and was joined by others.
- Jet HR, a Milan-based HR and payroll processes automation platform, raised €25 million ($28.7 million) in funding from Base10 Partners.
- Multiplier, a Singapore-based AI professional services firm developer, raised $27.5 million in funding. Lightspeed Venture Partners led the $20 million Series A round and was joined by EDBI, SV Angel, and existing investor Ribbit Capital. Ribbit led the $7.5 million seed round and was joined by Operator Partners, LocalGlobe, Script Capital, angel investors, and others.
- Slide, a Norwalk, Conn.-based business continuity and disaster recovery platform for managed service providers, raised $25 million in Series A funding. Base10 Partners led the round and was joined by Outsiders Fund and Top Down Ventures.
- Conveyor, a San Francisco-based sales process automation platform, raised $20 million in Series B funding. SignalFire led the Oregon Venture Fund and Cervin Ventures.
- Onebrief, a Honolulu-based operational planning and military staff workflow cloud platform, raised $20 million in Series C extension funding from Battery Ventures.
- Sedai, a San Francisco-based AI-powered cloud optimization solution, raised $20 million in Series B funding. Atlantic Vantage Point led the round and was joined by Norwest, Sierra Ventures, and Uncorrelated Ventures.
- Extend, a New York City-based document processing platform, raised $17 million in funding. Innovation Endeavors led the $15 million Series A round and was joined by existing investors Y Combinator, Character VC, and angel investors. Innovation Endeavors led the $2 million seed round and was joined by Y Combinator, Character VC, and angel investors.
- Outset, a San Francisco-based AI research platform, raised $17 million in Series A funding. 8VC led the round and was joined by Future Back Ventures by Bain & Company and existing investors Y Combinator, Adverb Ventures, Rebel Fund, and others.
- Root, a Los Angeles-based social communication platform, raised $9 million in seed funding. Headline Ventures and Konvoy Ventures led the round and were joined by Kun Gao, Jack “CouRage” Dunlop, and others.
- Lumion, a Salt Lake City-based trade and technical schools operating platform, raised $10.7 million in seed funding. TTV Capital led the round and was joined by Tusk Venture Partners, CreativeCo Capital, Nine Four Ventures, and others.
- ZOOT, a New York City-based blockchain-powered gaming platform, raised $6 million in seed funding. CoinFund led the round and was joined by Griffin Gaming Partners.
- Crosby, a New York City-based AI-powered hybrid law firm, raised $5.8 million in seed funding from Sequoia Capital, Bain Capital Ventures, and others.
- Typedef, a San Mateo, Calif.-based AI data infrastructure for workloads, raised $5.5 million in seed funding. Pear VC led the round and was joined by Verissimo Ventures, Monochrome Ventures, Tokyo Black, and angel investors.
- Superscale, a Berlin-based AI-powered marketing solution for consumer companies, raised $5 million in pre-seed funding. Creandum led the round and was joined by Interface and s16vc.
- All In Food, a Los Angeles-based snack brand, raised $4 million in funding from Obvious Ventures.
- Studio555, a Stockholm-based interior design gaming and social app, raised €4 million ($4.6 million) in seed funding. HOF Capital and Failup Ventures led the round and were joined by Timo Soininen, Mikko Kodisoja, and Riccardo Zacconi.
- Digger, a San Francisco-based infrastructure dev tools developer, raised $3.6 million in seed funding. Initialized Capital led the round and was joined by Olivier Pomel, David Cramer, Michael Grinich, and others.
- SportsVisio, a Boston-based AI-powered sports analytics company, raised $3.2 million in funding from Mighty Capital, Sony Innovation Fund, Alumni Ventures, Waterstone Impact Fund, existing investors Sapphire Sport, Hyperplane, and Sovereign's Capital, and angel investors
- Athena, a San Francisco-based generative engine optimization platform, raised $2.2 million in funding from Y Combinator, FCVC, Red Bike Capital, and others.
- Renow, a Helsinki-based AI-powered recommerce platform, raised €1.8 million ($2.1 million) in seed funding. Greencode Ventures led the round and was joined by existing investors Superhero Capital and Street Smart Capital.
HardTech:
- Helsing, a Munich-based defense technology developer, raised €600 million ($691.6 million) in Series D funding. Prima Materia led the round and was joined by BDT & MSD Partners and existing investors Lightspeed Ventures, Accel, Plural, and others.
- Applied Intuition, a Mountain View, Calif.-based AI-powered vehicle intelligence company, raised $600 million in Series F funding and a tender offer at a $15 billion valuation. BlackRock and Kleiner Perkins led the round and were joined by Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, existing investors Fidelity Management & Research Company, General Catalyst, Lux, and others
- Multiverse Computing, a Donostia, Spain-based quantum AI company, raised $215 million in Series B funding. Bullhound Capital led the round and was joined by HP Tech Ventures, SETT, Forgepoint Capital International, and others.
- Proxima Fusion, a Munich-based fusion energy technology developer, raised €130 million ($150 million) in Series A funding. Cherry Ventures and Balderton Capital led the round and were joined by UVC Partners, DeepTech & Climate Fonds, DeepTech & Climate Fonds, and others
- Gecko Robotics, a Pittsburgh-based AI and robotics company, raised $125 million in Series D funding at a $1.3 billion valuation. Cox Enterprises led teh round and was joined by existing investors USIT, XN, Founders Fund, and YCombinator.
- Pelico, a supply chain orchestration platform, raised $40m in Series B funding. General Catalyst led, joined by 83North and Serena
- Mach Industries, an Austin, Texas-based aerospace defense-tech startup, raised $100m at a $470m valuation co-led by Khosla Ventures and insider Bedrock Capital, with Sequoia Capital participating
- Senra Systems, a Redondo Beach, Calif.-based wire harnesses developer for the aerospace and defense industries, raised $25 million in Series A funding. Dylan Field and CIV led the round and were joined by General Catalyst, Sequoia, Founders Fund, and others.
- Sunrise Robotics, a Ljubljana, Slovenia-based AI-powered industrial robotics developer, raised $8.5 million in seed funding. Plural led the round and was joined by Tapestry, Seedcamp, Tiny.vc, and Prototype Capital.
- Bolo AI, a Palo Alto-based AI tools developer for heavy industries, raised $8.1 million in seed funding. True Ventures led the round and was joined by Benchstrength, Accomplice, J Ventures, and Beat Ventures.
- Project Eleven, a New York City-based quantum technology company, raised $6 million in seed funding. Variant and Quantonation led the round and were joined by Castle Island Ventures, Nebular, and Formation.
- Swebal, a Stockholm-based TNT company, raised €3 million ($3.4 million) in funding from Karl Engelbrektson, Thomas von Koch, Pär Svärdson, and others.
- Shovels, a Lafayette, Calif.-based AI-powered building permit data platform, raised $5 million in seed funding from Base10 Partners.
Sustainability:
- Pano AI, an SF-based wildfire detection startup, raised $44m in Series B funding. Giant Ventures led, joined by Liberty Mutual Strategic Ventures, Initialized Capital, and Salesforce Ventures.
- Shinkei Systems, an LA-based seafood robotics startup, raised $22m in Series A funding. Founders Fund and Interlagos led, joined by Yamato Holdings, Shrug, CIV, Jaws, and Mantis VC
Acquisitions & PE:
- Canva, a visual design company valued by VCs at $26b, acquired MagicBrief, an Australian creative intelligence platform for marketing and creative teams. MagicBrief was seeded by Archangel Ventures and Blackbird Ventures
- PlayMetrics, a Raleigh-based youth sports management software provider backed by Blue Star Innovation Partners, merged with Stack Sports, a Dallas-based sports industry technology provider backed by Genstar Capital, which acquired PlayMetrics from Blue Star Innovation Partners and will be the majority owner of the combined company. Financial terms were not disclosed.
- Bitdefender, backed by Vitruvian Partners, acquired Mesh Security, a Dublin-based email security solutions provider. Financial terms were not disclosed.
- HG Insights, backed by Riverwood Capital, acquired TrustRadius, an Austin-based customer reviews and buyer intelligence solution. Financial terms were not disclosed.
- Unilever (NYSE: UL) is weighing a sale of healthy snack brand Graze
- Wix (Nasdaq: WIX) acquired SF-based vibe coding startup Base44 for an initial $80m
- DoorDash (Nasdaq: DASH) completed its $1.2b acquisition of Sevenrooms, a New York-based restaurant ordering platform that had raised around $75 million from firms like PSG and Comcast Ventures.
- SoftBank sold around $4.8b of shares in T-Mobile US (Nasdaq: TMUS), as it builds its balance sheet for AI investments.
Final Numbers:
Source: Carta
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The material presented on Molly O’Shea’s website are my opinions only and are provided for informational purposes and should not be construed as investment advice. It is not a recommendation of, or an offer to sell or solicitation of an offer to buy, any particular security, strategy, or investment product. Any analysis or discussion of investments, sectors or the market generally are based on current information, including from public sources, that I consider reliable, but I do not represent that any research or the information provided is accurate or complete, and it should not be relied on as such. My views and opinions expressed in any website content are current at the time of publication and are subject to change. Past performance is not indicative of future results.
You're one of my favorite creators/resources on here but this is such a disappointing title. Especially given that this man was democratically elected by a broad coalition of people whose everyday needs in New York have nothing to do with "$100M+ VC Rounds".