Offices are so back.
a16z, Nitrility, Archer, Prenuvo, Tines, Sardine, Olipop, Fal, Apptronik, K2 Space, Chestnut Carbon
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Hello from Aspen
Where I am attending a top secret Family Office (“FO”) summit. DM me if you’re here!
Thank you all again for the overwhelming support on my personal announcements last week, I am still going through all the messages! So excited.
Offices are so back.
Last week while we were in NYC we put out a CTA on X for the best coffee shops or spaces to work out of.. next thing I know many generous VCs reached out offering me a desk. I joked about rating and reviewing all of them, but unfortunately, I did not have the time to take on that project..
However, to our luck, we did have time to take up our good friends at a16z on workspace in their incredible SoHo building. Which I did in fact rate and review in the tweet below. Setting a gold standard. Offices are so back.
PS if you’d like your office reviewed in exchange for a daily desk, my offer stands.
Startup of the Week: Nitrility
Nitrility just launched their beta. And in just 24 hours, around 300 enterprises and 700 creators signed up. Nitrility is the most advanced music licensing marketplace in existence—your one-stop shop for purchasing licenses for over 80 million songs and counting. (feel free to DM me for an intro.)
Musings
Macro
Founders, Leave Delaware (While You Still Can) [Pirate Wires]
Can Rick Caruso Save LA? [The Free Press]
HardTech
Archer Aviation raises $300 million in BlackRock-backed funding [Reuters]
Defence tech is blowing up Silicon Valley’s beliefs | Hardware is all the rage. So is patriotism [The Economist]
Anduril and Microsoft partner to advance Integrated Visual Augmentation System (IVAS) program for the U.S. Army [Microsoft]
Palmer Luckey - Superhuman Soldiers, AI Missiles and Exoskeletons in Warzones [Shawn Ryan]
AI
VP JD Vance on the future of artificial intelligence [LiveNOW]
JD Vance's AI Speech, Techno-Optimists vs Doomers, Tariffs, AI Court Cases with Naval Ravikant [All-in]
Marc Andreessen - The Battle For Tech Supremacy [Invest like the Best]
More
Reflections on Palantir [Pirate Wires]
a former palantir engineer on how the company’s culture of relentless execution led to a $230 billion market cap
Why Benchmark is Different Than Other Firms with Sarah Tavel & Eric Vishria [Turpentine VC]
Top Interviews
Packy McCormick, Not Boring | How writing led to investing in Ramp, Scale AI, Replit, Varda, Fuse, Hadrian, Earth AI
Packy is going viral on X for this interview as we speak.. Very spicy.
Who Will Win the AI Race? | Emergence Capital’s Founding GP Gordon Ritter & Newly Promoted Partner Yaz El-Baba
Last Week (2/10-2/15):
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.
Highlighted VC Deals include:
Prenuvo, Tines, Sardine, Olipop, Fal, Apptronik, K2 Space, Chestnut Carbon
Acquisitions & PE
Archer, DataRobot/Agnostiq, Summer Health/Caraway Health, Drata/SafeBase, LegalZoom/Formation Nation, nCino/Sandbox Banking, Tom Brady
IPOs
SailPoint, Karman Holdings
Funds
Antler, Ulu Ventures, Tusk Ventures
Final Numbers
YC’s AI cohort rise
VC Deals
Fintech:
- Zeta, an provider of banking software to banks and fintechs, raised $50m at a $2b valuation from Optum, a subsidiary of UnitedHealth.
- Validus, a provider of financial risk management software, raised $45m from FTV Capital.
- High Definition Vehicle Insurance, a Chicago-based commercial auto insurance company, raised $40 million in funding from existing investors 8VC, Autotech Ventures, Munich Re Ventures, and Weatherford Capital.
- Comulate, a San Francisco-based accounting automation services provider for the insurance industry, raised $20 million in Series B funding. BOND and Workday Ventures led the round and were joined by existing investors Spark Capital, Jonathan Crystal, Zach Perret, and Qasar Younis.
- Finmo, a Singapore-based treasury management solutions platform, raised $18.5 million in Series A funding. Quona Capital and PayPal Ventures led the round and were joined by Citi Ventures.
- Legend, a DeFi superapp, raised $15m co-led by Coinbase Ventures and a16z.
- Superlogic, a Miami-based experiential rewards platform, raised $13.7 million in Series A funding. Powerledger led the round and was joined by Sangha Capital, 10SQ, Nima Capital, and others.
- Datalign, a Cambridge, Mass.-based AI-powered financial advisors matching platform, raised $9 million in seed funding from Link Ventures.
- Fifteenth, a San Francisco-based tax solution provider for the tech industry, raised $8.3 million in seed funding. A* and General Catalyst led the round and were joined by SV Angel and angel investors.
- Integral, a German provider of SME accounting and payroll solutions, raised $6.3m. General Catalyst and Cherry Ventures co-led, and were joined by Puzzle Ventures.
- Era, a New York City-based AI-powered personal finance platform, raised $6.2 million in seed funding. MaC Venture Capital, Third Kind Venture Capital, and Protagonist led the round and were joined by Clocktower Ventures, K5 Ventures, and Northzone.
- Trayd, a New York City-based construction payroll and compliance solutions provider, raised $4.5 million in seed funding. Suffolk Technologies led the round and was joined by Bloomberg Beta and Y Combinator.
- Bluebook, a Stockholm-based accounting AI agents developer, raised $3 million in funding. EQT Ventures led the $2.5 million pre-seed round and was joined by angel investors. Y Combinator invested $500,000.
- Vigil, a Columbus-based annuity operations platform, raised $1.3 million in pre-seed funding. M25 led the round and was joined by Nationwide Ventures, Solo-GP Rex Salisbury, Clocktower Ventures, and Meridian Ventures.
Care:
- Prenuvo, a Redwood City, Calif.-based provider of whole-body MRI screening, raised $120m in Series B funding co-led by Forerunner Ventures and Left Lane Capital, with insider Felicis participating.
- Harrison.ai, a Haymarket, Australia-based AI-powered medical diagnostics company, raised $112 million in Series C funding. Aware Super, ECP, and existing investor Horizons Ventures led the round and were joined by National Reconstruction Fund Corporation, Ord Minnett, Wollemi Capital Group, and existing investors Blackbird Ventures and Alpha JWC Ventures.
- Stellaromics, a Boston-based 3D spatial biology technology developer, raised $80 million in Series B funding. Catalyst4 led the round and was joined by Stanford University Ventures.
- Candid Health, a San Francisco-based revenue cycle automation platform for healthcare providers, raised $52.5 million in Series C funding. Oak HC/FT led the round and was joined by existing investors.
- Epicore Biosystems, a Cambridge, Mass.-based sweat-sensing wearable technology developer, raised $26 million in Series B funding from the Steele Foundation for Hope.
- Keragon, a New York City-based healthcare software automation platform, raised $7.5 million in seed funding. Upfront Ventures led the round and was joined by existing investors Afore Capital, Focal, and 25m Health.
Enterprise/Consumer:
- Tines, a Dublin-based AI-powered workflow platform, raised $125 million in Series C funding, valuing the company at $1.125 billion. Growth Equity at Goldman Sachs Alternatives led the round and was joined by SoftBank Vision Fund 2 and Activant and existing investors Accel, Felicis, CrowdStrike Falcon Fund, and Addition.
- Sardine, a San Francisco-based AI-powered fraud prevention, compliance, and credit underwriting platform, raised $70 million in Series C funding. Activant Capital led the round and was joined by Andreessen Horowitz, Nyca Partners, Google Ventures, and others.
- SpotDraft, a New York-based contract management platform for in-house legal teams, raised $54m in Series B funding. Vertex Growth Singapore and Trident Partners co-led, and were joined by insiders Xeed VC, Arkam Ventures, Prosus Ventures, and Premji Invest.
- OLIPOP, an Oakland, Calif.-based soda brand, raised $50 million in funding from J.P. Morgan Private Capital’s Growth Equity Partners, bringing the company’s valuation to $1.85 billion.
- Fal, an generative media platform for devs, raised $49m in Series B funding. Notable Capital and a16z co-led, and were joined by Bessemer Venture Partners, Kindred Ventures, and First Round Capital.
- Justpoint, a New York City-based AI-powered lawsuit assistance platform for victims of harmful substances, raised $45 million in Series A funding. SignalFire led the round and was joined by others.
- SGNL, a Palo Alto-based identity security company, raised $30 million in Series A funding. Brightmind Partners led the round and was joined by Costanoa Ventures, M12, and Cisco Investments.
- Moderne, a Miami-based code refactoring automation platform, raised $30 million in Series B funding. Acrew Capital led the round and was joined by Morgan Stanley, Amex Ventures, TIAA Ventures, and existing investors Allstate, Intel Capital, Mango Capital, and True Ventures.
- Eudia, a Palo Alto, Calif.-based AI platform for enterprise legal teams, raised $30m in Series A funding led by General Catalyst. The round could expand by another $75m for acquisitions, pending GC's approval. Other backers include Floodgate, Sierra Ventures, Hakluyt Capital, Defy, Everywhere Ventures, B3 Capital, Backbone, and Firsthand
- Antithesis, a Vienna, Va.-based autonomous software testing platform, raised $30 million in funding. Amplify Partners led the round and was joined by Spark Capital.
- Positron, a Reno-based AI inference technology developer, raised $23.5 million in funding from Flume Ventures, Valor Equity Partners, Atreides Management, and Resilience Reserve.
- Boostly, a Lehi, Utah-based provider of SMS marketing software for restaurants, raised $22m. PeakSpan Capital led, and was joined by insiders YC, Trestle Partners, and Singularity Capital.
- Lucidity, a New York City-based multi-cloud storage management solutions provider, raised $21 million in Series A funding. WestBridge Capital led the round and was joined by existing investor Alpha Wave.
- ConverzAI, a Seattle-based AI-powered recruitment solutions provider, raised $16 million in Series A funding. Menlo Ventures led the round and was joined by Left Lane Capital and existing investors Foundation Capital and Afore Capital.
- Plain, a San Francisco-based AI-powered customer support tools developer, raised $15 million in Series A funding. Battery Ventures led the round and was joined by existing investors Index Ventures and Connect Ventures.
- Koala, a San Francisco-based tool for sales reps, raised $15 million in Series A funding. CRV led the round and was joined by HubSpot Ventures, Recall Capital, and Afore.
- Suger, a San Francisco-based cloud marketplace tools provider, raised $15 million in Series A funding. Threshold Ventures led the round and was joined by existing investors Craft Ventures, Intel Capital, and Y Combinator.
- Plain, a B2B support platform, raised $15m in Series A funding. Battery Ventures led, and was joined by Index Ventures and Connect Ventures.
- Lingopal.ai, a New York City-based AI-powered speech translation program, raised $14 million in Series A funding. DCM led the round and was joined by Scrum Ventures, Marquee Ventures, and angel investors.
- ScorePlay, a New York City-based AI-powered sports media management platform, raised $13 million in Series A funding. 20VC led the round and was joined by Seven Seven Six, Giannis Antetokounmpo, Alex Morgan, and Nico Rosberg.
- Phase, a no-code platform for UI/UX designers, raised $13m from Gobi Partners, New Economy Ventures, Palm Drive Capital, Shilling VC, SquareOne, WI Harper, 42CAP and 500 Global.
- Tofu, a San Francisco-based AI-powered B2B marketing platform, raised $12 million in Series A funding. SignalFire led the round and was joined by HubSpot Ventures, Tau Ventures, Correlation Ventures, existing investors Index Ventures, Stage 2 Capital, Liquid 2 Ventures, and others.
- PHȲND, a Stamford, Conn.-based free gaming platform, raised $10 million in seed funding. Wellington Management led the round and was joined by Bessemer Venture Partners, Connecticut Innovations Fund, and Jozy Altidore.
- Nirmata, a San Jose-based security, policy, and governance solutions provider, raised $9.6 million in funding. Peak XV Surge led the round and was joined by Dallas Venture Capital, Dreamit Ventures, and existing investors Z5 Capital and Uncorrelated Ventures.
- GamerBoom, a New York City-based AI-power Web3 gaming data analytics provider, raised $9 million in funding from Bing Ventures, SKY Ventures, MBK Capital, and others.
- Pinkfish AI, a San Francisco-based AI automation platform for enterprises, raised $7.6 million in pre-seed funding. Norwest Venture Partners led the round and was joined by Storm Ventures and angel investors.
- Human.org, a San Francisco-based human and AI interaction safety lab, raised $7.3 million in pre-seed funding from HF0, Soma Capital, Spearhead, angel investors, and others.
- &AI, an SF-based AI agent for patent attorneys, raised $6.5m in seed funding. First Round Capital led, and was joined by YC, SV Angel, and BoxGroup
- Mattoboard, a Las Vegas-based AI-powered 3D interior design platform, raised $2 million in seed funding. Acrobator Ventures led the round and was joined by Blue Field Capital, SoundBoard, Home Depot Ventures, and Masco.
- Future AGI, a San Francisco-based AI evaluation and optimization platform, raised $1.6 million in pre-seed funding. Powerhouse Ventures and Snow Leopard Ventures led the round and were joined by Angellist Quant Fund, Swadharma Source Ventures, Saka Ventures, angel investors, and others.
- Gaia Dynamics, a Miami-based AI-powered global trade compliance platform, raised $1.5 million in pre-seed funding from Andrew Ng’s AI Fund and Zenda VC.
HardTech:
- Apptronik, an Austin-based robotics company, raised $350 million in Series A funding. B Capital and Capital Factory led the round and were joined by Google.
- K2 Space, a Torrance, Calif.-based satellite platform, raised $110m in Series B funding. Lightspeed Venture Partners and Altimeter Capital co-led, and were joined by insiders Alpine Space Ventures, and First Round Capital.
- EnCharge AI, a Santa Clara, Calif.-based AI chip developer, raised $100 million in Series B funding. Tiger Global led the round and was joined by Maverick Capital, Samsung Ventures, IQT, and others.
- ICON, an Austin, Texas-based company that builds homes using 3D printing, raised $56m in Series C funding co-led by NVP and Tiger Global.
- ANA, a Henderson, Nev.-based mobile power products company, raised $50 million in funding from S2G Investments.
- 75F, a Minneapolis-based company commercial HVAC automation company, raised $45m in Series B funding. Accurant International led, and was joined by Carrier Global, Climate Investment, Breakthrough Energy Ventures, Next47, and Wind Ventures
- ACCURE Battery Intelligence, an Aachen, Germany-based battery safety company, raised $16 million in Series B funding. Incharge Capital Partners led the round and was joined by existing investors BlueBear Capital, HSBC Asset Management, Riverstone Holdings, and others.
- Pendulum, a Seattle-based AI-powered supply chain planning platform, raised $11 million in funding from Lowercarbon Capital, Cross Border Impact Ventures, Decisive Point, and others.
- Self Inspection, a San Diego-based AI-powered vehicle inspections platform, raised $3 million in seed funding. Costanoa Ventures and DVx Ventures led the round and were joined by Westlake Financial.
- Tusk Logistics, a Chicago-based alternative shipping solutions provider, raised $2 million in seed funding. Ivy Ventures led the round and was joined by Titletown Tech, Forum Ventures, and angel investors.
Sustainability:
- Chestnut Carbon, a New York City-based carbon removal company, raised $160 million in Series B funding from Cloverlay, DBL Partners, existing investor Canada Pension Plan Investment Board, and others.
Acquisitions & PE:
- Archer Aviation (NYSE: ACHR), an eVTOL developer, raised $300m from BlackRock and Wellington.
- DataRobot acquired Agnostiq, a Toronto-based computing platform developer. Financial terms were not disclosed.
- Summer Health, a VC-backed pediatric virtual care provider, acquired Caraway Health, a women's hybrid clinic that had raised $27m from firms like Maveron and GV.