| |
🔥 Glean has no trouble raising capital, but founder and CEO Arvind Jain says the company doesn't actually need it. As one of the hottest AI startups on the market, Glean raised $460 million in 2024 across two rounds that doubled its valuation. Here's what he said
📜 In a sweeping 340-page report, famed investor Mary Meeker predicts that AI is set to become as essential as the internet. While bullish on AI's transformative power, she also warns the global tech race has serious geopolitical stakes, likening it to a modern-day space race. Full story
💰 A GitHub co-founder is joining a wave of new tech-focused VC launches as AI valuations continue to weather the broader venture market's downturn. Preston-Werner Ventures is targeting $100 million for a fund investing in early-stage tech. Read more
Plus...
• Taylor Swift buys back her music from Los Angeles-based Shamrock Capital | | | | | | | | | | |
| |
| Biotech VC funds come down to earth | | VC funds that focus on the biotech industry have reset to historic levels—after recording new highs over the past decade-plus. Surging capital costs and a sluggish exit market contributed to the decline, according to our latest analyst note.
But biotech VC funds still outperformed their non-biotech counterparts in recent years, highlighting the value of sector expertise during periods of market volatility. | | | | | |
| |
| A message from PitchBook Data | | |
| | Some questions can't be answered with off-the-shelf data. That's where we come in.
We work with PitchBook's Custom Research Group to design custom research projects that uncover trends, surface opportunities, and support strategic decision-making. Whether it's a deep dive into a specific asset class or insights tailored to a niche audience, we build each bespoke project from the ground up—using PitchBook's proprietary data, expert analysts, and specialized publishing team.
If you're curious what a custom project could look like for your team, we're happy to share examples.
Get in touch | | | | | | | |
| |
| Taylor Swift shakes off private equity | |  | | (Matt Winkelmeyer/Getty Images) | | | Taylor Swift repurchased her catalog of music from Shamrock Capital, after the Los Angeles-based PE firm bought the rights from Ithaca Holdings in 2020.
Shamrock, an investor in the media and entertainment industries, had picked up the ownership rights to the Grammy-winning artist's first six albums for around $360 million. | | | | | | | Insurtech VC funding jumps amid push in claims automation | | VC funding for the insurtech industry shot up 65% quarter-over-quarter in Q1, as investors poured capital into startups focusing on underwriting and claims automation.
Investors showed an appetite for companies rethinking core insurance operations, including AI-driven risk analytics, digital distribution and personalized plans, according to our Emerging Tech Research. | | | | | | | France's PE market slows as dealmakers retreat from turmoil | |  | | (Alexander Spatari/Getty Images) | | | | French PE posted its weakest quarter since 2023, with deal value down nearly 38% amid sluggish growth, a hung parliament and investor caution. Add-ons and take-privates provided some momentum, but exits remained scarce, and US investor participation continued to lag behind other European markets. | | | | | |
| |
| |
| | Since yesterday, the PitchBook Platform added: | | 99 Deals | 373 People | 183 Companies | 4 Funds | | | | | | |
| |
| The Daily Benchmark: 2014 Vintage Global Debt Funds | | | | | | |
| |
| |
| JP Morgan is hiring Theodoros Giatrakos from Citigroup to join its financial sponsors unit advising PE firms, Bloomberg reported. | | | | | |
| |
| |
Grammarly, developer of a writing and spelling assistant, raised $1 billion in nondilutive funding from General Catalyst's Customer Value Fund.
Data labeling startup Snorkel AI raised a $100 million Series D at a $1.3 billion valuation led by Addition.
Protein bar brand David raised a $75 million Series A led by Greenoaks, and announced its acquisition of HG Ventures-backed Epogee, which makes fat alternatives.
Buildots, a startup developing a platform to track construction progress, raised a $45 million Series D led by Qumra Capital.
Creatify, a company focused on AI for video advertising, raised a $15.5 million Series A led by WndrCo and Kindred Ventures. | | | | | |
| |
| |
As venture-backed startups remain private longer and traditional exit routes face challenges, VC secondaries have emerged as a compelling path to liquidity.
This webinar will present relevant data and takeaways from our recent analyst note: Sizing the US VC Secondaries Market. Unicorn valuations approach nearly $3 trillion, while VC secondaries make up just 2% of the market. However, our analysts say they represent significant potential for growth in the coming years.
Join us for a deep dive into this opaque market powered by unmatched data on current market size, growth potential and challenges. Get the clarity you need to confidently evaluate opportunities in this growing and evolving space.
Register now to secure your spot. | | | | | |
| |
| |
HarbourView Equity Partners acquired a portion of the music catalog of Grammy-winning producer and songwriter Rodney "Darkchild" Jerkins.
Gridiron Capital and Stella Point Capital merged their healthcare staffing portfolio companies, Travel Nurse Across America and TotalMed.
Valeas Capital Partners agreed to acquire a majority stake in TicketManager, a California-based event ticket and guest management platform, committing $110 million to support its growth strategy while co-founders retain a minority interest.
GATX and Brookfield Infrastructure formed a joint venture to acquire Wells Fargo's rail operating lease portfolio for $4.4 billion, comprising about 105,000 railcars. Brookfield Infrastructure will also directly acquire Wells Fargo's rail finance lease portfolio of 23,000 railcars and 440 locomotives.
CVC Capital Partners and Dubai-listed Tabreed are in exclusive talks to acquire a district cooling business from Multiply Group, an Abu Dhabi-based investment firm, Reuters reported.
EOG Resources, based in Houston, agreed to acquire Encino Acquisition Partners, a Utica-focused oil and gas company, from the Canada Pension Plan Investment Board and Encino Energy for $5.6 billion, including debt.
Blue Pool Capital, the family office of Joe Tsai, chair of Alibaba Group and owner of the Brooklyn Nets and New York Liberty, made a seed round investment into the Asian University Basketball League, a new league with teams from Greater China, Japan and Korea. | | | | | |
| |
| |
Permira and CPP Investments have agreed to sell a combined 100% stake in US software company Informatica to Salesforce in a $8 billion deal.
3i is looking to exit TCR, a Brussels-based airport ground support equipment lessor, Bloomberg reported.
Pinkfong, a South Korea-based entertainment company behind "Baby Shark," applied for an IPO, Bloomberg reported. | | | | | |
| |
| |
Dallas-based P10's RCP Advisors closed RCP Fund XIX on around $314 million, to invest in North American small-buyout fund managers.
Cancer Focus Fund, backed by UT MD Anderson Cancer Center, is targeting $250 million for its second fund, Endpoints News reported.
Terminus Capital Partners, an Atlanta-based PE firm focusing on B2B software, closed its debut fund on its $250 million hard cap.
Climate VC Earth Foundry has cut its fundraising target from $100 million to $50 million, Axios reported.
Climate-focused Planeteer Capital, led by Sophie Purdom, co-founder of climate-tech intelligence specialist CTVC by Sightline Climate, raised a $54 million debut fund, The Wall Street Journal reported. | | | | | |
| |
| |
| |
| |
| |
| |
| |
No comments:
Post a Comment