Pre-IPO
New Hark Deal: Figure Founder’s AI Lab Valued at $6 Billion
We are pleased to introduce Hark to our investors. The company develops its own foundational AI models alongside the consumer devices designed to run them.
Venture Capital & Pre-IPO Insights
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Pre-IPO
Revolut received its sixth banking license and applied for a seventh the very next day
Colombia’s financial regulator, the SFC, has granted Revolut an operating license—the final authorization needed for launch.
Venture News
Crusoe has signed a multi-year agreement with Perplexity
Perplexity is moving its entire model workflow to Crusoe Cloud
Pre-IPO
Crusoe has opened a second plant in Tulsa, bringing the company's U.S. manufacturing footprint to 1 million square feet
The new Oklahoma facility added 400,000 square feet of space. Both Tulsa plants manufacture electrical components for AI infrastructure: medium-voltage switc...
Pre-IPO
Lovable revalued up 21% for the quarter, now at $16 billion
We have revalued Lovable today following the increase in the company's market capitalization. At the time of the previous revaluation—about a quarter ago—it ...
Venture News
Positron AI raised $875 million at a $5 billion valuation - more than a fourfold increase in seven months
Positron has announced a $875 million Series C round at a post-money valuation of $5 billion. The round was led by NEA, Andra Capital, SemiAnalysis Capital, ...
Venture News
Sequoia doubled its Form Energy check from $50 million to $100 million
Sequoia disclosed the size of its Series G investment in Form Energy: $100 million. Fund partners David Kahn and Isaiah Boone wrote that they initially offer...
Pre-IPO
Lovable has switched to Fable 5.1 - code edits are 17% more accurate and a third cheaper
On September 1, Anthropic released Fable 5.1, a new model designed for coding and long-running tasks. That same day, Lovable announced it was building applic...
Investment
Stablecoin Payments and Fintech IPOs: The Next Infrastructure Wave
Stablecoin payments and fintech IPOs: evaluating unit economics, regulatory risk, and pre-IPO opportunities.
IPO
Zepto IPO and Quick Commerce Economics: What Growth Investors Should Not Ignore
Zepto IPO and quick commerce economics: unit economics, growth quality, and what pre-IPO investors should watch.
Pre-IPO
Secondary Market Risks for Private Investors: What Can Go Wrong with Private Shares
Secondary market risks for private shares — what can go wrong with liquidity, price, and access in pre-IPO deals.
Venture Capital
Anduril and Defense Tech: Why Venture Capital Has Fallen Back in Love with Defense
Anduril defense tech — why venture capital is investing in defense again and how to evaluate these deals.