In terms of fundraising, AI-based ERP testing platform Opkey secured a $47 million Series B round, and nOps raised a $30 million Series A to help companies optimize their AWS bill. Latino-focused neobank Comun raised a $21.5 million Series A, and Canadian AI startup Viggle raised a $19 million Series A. VC firm Redalpine raised $200 million for its seventh early-stage fund, and Oncology Ventures launched with $30 million in committed capital. The secondaries market continues to heat up, with NEA raising over $468 million for a fund dedicated to buying secondary shares.
Key takeaways:
- Bolt's drama continues to unfold with its proposed new backer, The London Fund, found to be scrubbing its web page. The fintech startup had previously shocked investors with its $14 billion valuation and the terms of the potential deal.
- Fluid Truck's board ousted its sibling co-founders amid allegations of mismanaging funds. This follows several rounds of layoffs and other cost-cutting measures at the startup.
- OpenAI is reportedly in talks to close a new funding round led by previous backer Thrive Capital at a valuation of more than $100 billion.
- The secondaries market is seeing a surge in activity, with New Enterprise Associates raising more than $468 million for a fund dedicated to buying secondary shares and Palico becoming the first company approved to facilitate end-to-end LP secondaries transactions.