Startups Raise Over $3.4B, Investors Raise $10B for New Funds, and Over $24.8B in M&A

Venture Capital

1. Rippling (San Francisco, CA): This workforce management startup is raising $870 million in Series F to potentially reach a $13.4 billion valuation, with $200 million new capital and $670 million in secondary sales.
2. GridBeyond (Dublin, Ireland): Raised $55 million in Series C for its energy optimization software and hardware, focusing on renewables, led by Klima with participants including Energy Impact Partners and ABB.
3. Mistral (Paris, France): Open-source software startup aiming for several hundred million in funding to compete with OpenAI, targeting a $5 billion valuation.
4. Rivos (Santa Clara, CA): Secured over $250 million in Series A-3 for developing RISC-V architecture-based server technologies, with Matrix Capital Management and Intel Capital leading.
5. Two Chairs (San Francisco, CA): Raised $72 million in Series C for its personalized therapy services, bringing its total funding to $103 million, led by Amplo.
6. UniUni (Canada): E-commerce gig-delivery platform raised $50 million in Series C, with a total raise over $100 million, led by DCM.
7. Upstage (Location Unspecified): Raised $72 million in Series B for developing LLMs for various industries, supported by Korea Development Bank and others, total funding reached $100 million.
8. Bcomp (Switzerland): Specializing in sustainable materials, this company raised $40 million in Series C for applications in automotive and other sectors, led by EGS Beteiligungen.
9. Bridgewise (London, UK): AI startup analyzing securities data raised $21 million, led by SIX Group.
10. Flatpay (Denmark): Payment solutions provider for SMEs raised €45 million (~$47 million) in funding, led by Dawn Capital.
11. Quilt (Redwood City, CA): Develops AI-controlled ductless heat pump systems, raised $33 million in Series A, co-led by Energy Impact Partners.
12. Crypto Valley Exchange (Location Unspecified): Decentralized trading platform startup raised $7 million in early funding rounds, co-led by Fabric Ventures.
13. Dark (France): Space debris removal technology startup, raised $6 million in seed extension led by Eurazeo.
14. HumanX (New York, NY): Raised $6.125 million in seed for its AI-focused event and advisory business, led by Primary Venture Partners.
15. Isospec Analytics (Lausanne, Switzerland): Developing advanced mass spectrometers, raised a $1.9 million pre-seed round led by Founderful.
16. Loft Labs (Location Unspecified): Kubernetes efficiency tool developer raised $24 million in Series A, led by Khosla Ventures.
17. LunaJoy Health (St. Petersburg, FL): Provides maternal mental health care, raised $4.2 million from investors including Y Combinator.
18. Take2 AI (New York, NY): AI job simulation platform for sales raised $3 million in seed funding, co-led by Reach Capital.

Private Equity

1. International Paper (Location Unspecified): Agreed to acquire DS Smith for $7.2B in an all-stock deal to form a global packaging leader.
2. Envestnet (U.S.): With a market cap of $3.4B, the software provider is exploring a sale among other options following takeover interest.
3. Saxo Bank (Denmark): Considering a sale that could value the bank between $1.6B and $2.1B.
4. Microsoft and G42 (Abu Dhabi): Microsoft will invest $1.5B into G42 as part of a strategic partnership.
5. Permira (Location Unspecified): Looking to sell specialty chemicals firm CABB for over $1.06B.
6. Kimmeridge Energy Management and SilverBow Resources (South Texas): Kimmeridge withdrew its proposal to merge its assets with SilverBow Resources, valued at $813M.
7. Riverside Credit Solutions (Location Unspecified): The Riverside Company is considering strategic options, including a sale of its direct lending arm.
8. Amundi (U.S.) and Victory Capital Holdings (Location Unspecified): Amundi agreed to merge its U.S. unit with Victory Capital, receiving a 26.1% stake in the combined entity.
9. Eintracht Frankfurt (Germany): Exploring a potential partnership with a USL team being established in Milwaukee.

IPO

1. Bain Capital and Kioxia Holdings (Japan): Bain Capital proposed an IPO for Kioxia Holdings, aiming to help refinance a $5.8B loan due in June.
2. Rubrik (U.S.): The Microsoft-backed cybersecurity firm is targeting a $5.44B valuation for its U.S. IPO.
3. Ibotta (U.S.): The Walmart-backed digital marketing company is aiming to raise up to $551M at a $2.55B valuation in an upsized U.S. IPO.
4. Planisware (France): Launched a local IPO valuing the software company at $1.2B, marking the largest Paris IPO since 2021.
5. Spinneys 1961 Holding (Middle East): The supermarket chain franchisee is planning a Dubai IPO.

New Funds

1. Andreessen Horowitz (a16z): Raised $7.2B for new funds focused on growth, AI infrastructure, AI apps, and 'American Dynamism'.
2. Evolution Equity Partners: Secured $1.1B for Evolution Technology Fund III, targeting growth investments in cybersecurity and AI firms.
3. Chevron Venture Capital: Launched its third fund to invest in clean energy technologies.
4. SOSV: Closed its latest fund at $306M to support early-stage deep tech investments.
5. Bay Bridge Ventures: Is raising $200M for a new climate fund and another $200M for its inaugural fund focused on ESG deals.
6. Maven Ventures: Raised $60M for its fourth fund, focusing on consumer tech.
7. Interlagos Capital: Founded by two SpaceX alums and a former Sequoia Capital finance executive, is starting up.
8. Infinity Ventures: Is in the process of raising $150M for its second fintech-focused fund, according to an SEC filing.

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