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🌱 Femtech funding has flourished, with VC investment surpassing $5 billion since 2020. Shifting social attitudes and growing advocacy for women's health have driven investment, our Femtech VC Market Snapshot explains.
Wearables—such as smart rings—are a standout category, leading to personalized health tracking and reproductive care advancements with features and integrations tailored to women's health. Get the report
🏰 Chicago-based Thoma Bravo raised €1.8 billion for its inaugural European-focused fund, which will target middle-market software businesses. PE investment in the European software set a record last year at €57 billion. Read more
Plus... • More firms are ditching DEI • US tariffs may speed Europe's VC brain drain • Dealmaking drops for medtech | | | | | |
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Balyasny Asset Management raising $350M for debut VC fund | | | (Spencer Platt/Getty Images) | | | Balyasny Asset Management, which has $22 billion in AUM, is setting its sights on $350 million for its first dedicated VC fund.
The move from the multi-strategy firm follows that of other hedge funds—such as Point72 Asset Management and D1 Capital—that have significantly expanded into the private markets over the past decade. | | | | | | |
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A message from Oracle NetSuite | | |
The CFO's AI survival guide | | It seems AI is transforming nearly every aspect of finance at lightning speed. As CFO, developing these skills now will set you apart from other finance chiefs by confidently utilizing AI for organization-wide strategy.
Download this guide to discover the five skills you need to remain indispensable in the age of AI. | | | | | | |
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Dealmaking drops for medtech, but AI use remains strong | | VC funding for the medtech industry declined for the second quarter in a row in Q4, with deal counts dropping to a new multi-year low, according to our latest Emerging Tech Research. Meanwhile, PE dealmaking in the sector ebbed year-over-year in 2024.
Even large deals like BostonGene's $100 million raise represented a down round that slashed the startup's valuation, indicative of the widespread struggles across the sector for mature companies.
The companies garnering the most investor attention in Q4 were those focused on AI and machine learning, especially within diagnostics and medical image analysis. Exit activity picked up at the end of 2024, with our analysts predicting IPO momentum will continue. | | | | | | US tariffs could force European startups to relocate | | | (Jenna O'Malley/PitchBook News) | | | With the European Union in President Donald Trump's crosshairs regarding tariffs, the brain drain of startups from Europe to the US may accelerate.
While only a small percentage of the region's startups suffer direct impacts from tariffs, worsening trade relations could affect all. | | | | | | Rockefeller Capital joins wave of firms axing DEI language | | | (Jenna O'Malley/PitchBook News) | | | Rockefeller Capital Management is the latest firm to remove references to diversity, equity and inclusion initiatives from its website amid the Trump administration's crackdown.
Also this month, banking behemoths Goldman Sachs and Citi, and consulting giant Deloitte, scrapped significant diversity initiatives, according to reports.
The president's war on DEI has bled into the asset management sector, where firms and service providers are revising language to prevent legal and political repercussions. This could insulate asset managers from federal scrutiny, but they may face some investor backlash. | | | | | | |
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| Since yesterday, the PitchBook Platform added: | 664 Deals | 2749 People | 821 Companies | 46 Funds | | | | | |
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The Daily Benchmark: 2017 Vintage North American Debt Funds | | | | | |
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Anthropic is raising a $3.5 billion round at a $61.5 billion valuation led by Lightspeed, according to reports.
Israeli quantum computing startup Quantum Machines raised a $170 million Series C led by PSG.
Metronome, a San Francisco-based company developing a usage-based billing platform, raised a $50 million Series C led by NEA.
India's Geniemode raised over $50 million in a Series C led by Multiples Alternate Asset Management for its B2B platform that helps source products from South Asian markets.
Sparta, a Swiss provider of real-time intelligence for commodity traders, received a $42 million Series B led by One Peak.
Vivici, based in the Netherlands, secured a €32.5 million Series A for its animal-free dairy proteins. The round was led by APG and Invest-NL.
Sweden-based Lovable, the developer of an AI platform for building apps, raised a $15 million pre-Series A led by Creandum.
Edera raised a $15 million Series A led by M12. The Seattle-based company provides cybersecurity and network management software. | | | | | |
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BP is considering a sale of its lubricants unit, which could be valued around $10 billion in a deal, after Elliot Investment Management built up a stake in the company, Bloomberg reported.
Advent International is considering an IPO for Argentina-based payments processing company Prisma Medios de Pago, which could have a valuation around $5 billion, Bloomberg reported.
Etihad Airways, which is owned by Abu Dhabi sovereign wealth fund ADQ, is planning to announce a $1 billion IPO this week, Reuters reported.
Geneva-based ID Quantique is in talks to be acquired by NYSE-listed IonQ in a deal worth about $250 million, Bloomberg reported.
India-based Tata Group is planning an IPO of Tata Capital, its financial unit, and plans to sell 230 million new shares. | | | | | |
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Pictet Alternative Advisors aims to raise $1.25 billion for Monte Rosa Co-Investments VI, Private Equity International reported.
GCM Grosvenor closed its third co-investment opportunities fund on $615 million. | | | | | |
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