🧑‍🚀 Top 5 Deals You Can't Miss

1️⃣ Anglo American – $50B stock merger with Teck Resources, creating a global copper and critical minerals giant.

2️⃣ Ramp – $1B revenue milestone reached, solidifying position as leading corporate spend management platform.

3️⃣ Wellhub – €70M Series C led by SoftBank Latin America, expanding employee benefits platform across Latin America.

🧠 Dopamine Dealflow

🌳 Series B+ & Growth

• DataCrunch (Helsinki, Finland) – €55M Series A; byFounders, Skaala, Varma, Tesi, J12 Ventures; AI cloud infrastructure.

• AMSilk (Neuried, Germany) – €52M; ATHOS (AT Newtec), MIG Capital, Novo Holdings; silk-based biomaterials.

• Level99 (Natick, MA) – $50M growth equity from Act III Holdings; active social entertainment expansion.

• ReOrbit (Helsinki, Finland) – €45M Series A; Springvest, Varma, Elo, Inventure VC; sovereign satellite systems.

• Atolio (San Francisco, CA) – $24M total; Translink Capital, IBM Ventures, Bloomberg Beta; AI enterprise search.

• Ume (São Paulo, Brazil) – $21M Series B; Valor Capital, Bewater, PayPal Ventures; Pix-native credit platform.

• Sapphire Technologies (Cypress, CA) – $18M Series C; Mitsubishi Heavy Industries, Equinor Ventures; power generation.

• Proxima Fusion (Munich, Germany) – €15M Series A extension; CDP, EICF, Brevan Howard; fusion energy.

🚀 Series A

• Cassidy (NYC, NY) – $10M Series A; HOF Capital, General Partnership, Neo; AI automation platform.

• Speedchain (San Francisco, CA) – $7.5M Series A; digital asset payment/settlement platform.

🌱 Seed & Early Rounds

• florrent (Northampton, MA) – $9.5M Seed-2; energy storage technology.

• Astrus (Toronto, Canada) – $8M; AI chip design modeling.

• Geordie (London, UK) – $6.5M Seed; Ten Eleven Ventures, General Catalyst; security platform.

• Parento (NYC, NY) – $5.9M Seed II; paid parental leave insurance.

• Otovo USA (Houston, TX) – $4M+; home power services.

• Architect AI (London, UK) – £3.5M; agentic website platform.

• Nuclearn (Palo Alto, CA) – $3.6M Seed; XYZ Ventures; AI operations for nuclear facilities.

• Astradyne (Bari, Italy) – €2M Seed; space tech.

• OranAI (City of Industry, CA) – multi-million angel; AI marketing.

• Fyxer Ai (London, UK) – $1.5M Seed; Seedcamp; AI remote executive services.

• MCatalysis (Dallas, TX) – seed; deep tech fuels/chemicals.

🤝 Strategic, M&A & Undisclosed

• Anglo American (London, UK) – $20B stock deal to acquire Teck Resources (Canada); critical minerals consolidation.

• Wellhub (São Paulo, Brazil) – $600M acquisition of Urban Sports Club; creating world's largest corporate wellness platform with 39,000 clients across 18 countries.

• BMPS (Italy) – secured 62% stake in Mediobanca worth $18B; Italian banking consolidation.

• BBVA (Spain) – $17.4B hostile takeover bid for Sabadell; Spanish banking merger.

• Strathcona Resources (Canada) – $5.7B all-stock bid for MEG Energy; oil sands consolidation.

• PNC (Pittsburgh, PA) – $4.1B acquisition of FirstBank; regional banking expansion.

• Arsenal Capital Partners – $725M acquisition of Sonoco's ThermoSafe packaging business; temperature-assured logistics.

• Blackstone (New York, NY) – $660M acquisition of UK Warehouse REIT; industrial property play.

• Adecoagro/Asociacion de Cooperativas Argentinas – $600M for 50% stake in Profertil from Nutrien; nitrogen production.

• KKR (New York, NY) – bidding for $600M-listed UK PRS REIT; residential property.

• Les Laboratoires Servier (France) – $450M acquisition from Kaerus Bioscience; Fragile X syndrome treatment.

• East Japan Railway – $337M+ acquisition of Tokyo office building from Goldman Sachs; real estate investment.

• Atlassian Corporation (San Francisco, CA) – $610M acquisition of The Browser Company (NYC); Arc/Dia browsers.

• Ramp (New York, NY) – $1B revenue milestone; corporate spend management platform.

• Unrivaled (Miami, FL) – undisclosed at $340M valuation; women's basketball league.

• Ivani (St. Louis, MO) – undisclosed; wireless sensing tech.

• BranchLab (NYC, NY) – Next Ventures investment; AI healthcare marketing.

• Leaf Home (acquired by Gridiron Capital) – acquired Erie Home; residential services consolidation.

📈 IPOs / Direct Listings / Issuances / Block Trades

• TK Elevator (Germany) – Advent/Cinven exploring IPO at $27B valuation; Europe's largest IPO potential.

• Klarna (Sweden) – seeking $1.27B at $14B valuation; BNPL fintech IPO.

• StubHub (San Francisco, CA) – plans $850M raise at $9.2B valuation; tickets marketplace IPO.

• Mubadala (Abu Dhabi) – $920M sale of 7.55% Du telecom stake; SWF divestiture.

• Unitree (China) – eyeing $7B valuation China IPO; robotics firm.

• Netskope (Santa Clara, CA) – plans $813M at $6.5B valuation; cybersecurity IPO.

• WaterBridge (backed by Five Point) – seeking $540M at $2.3B valuation; water infrastructure IPO.

• Hesai (China) – seeking $500M Hong Kong listing; LiDAR technology.

• Fermi – filed for US IPO; data center builder.

• Hilco Global – finalized HRP Group property unit spinoff; financial services restructuring.

• Beauty Tech (UK) – planning London IPO; beauty device retailer.

💸 VC Funds Raised & Raising

• JVP/TPG (Tel Aviv, Israel) – $290M continuation vehicle for Earnix; insurtech support.

Founders: Want to be featured on @tradedvc? → traded.co/submit/vc

📚 Read of the Day

💰 ElevenLabs Staff to Sell Shares at $6.6B Valuation

AI voice platform ElevenLabs is letting employees sell up to $100M in stock at a $6.6 billion valuation, marking the startup’s first structured tender offer.

ElevenLabs, known for its human-like voice synthesis and fast adoption among podcasters and enterprises, is offering an employee share sale that could raise up to $100 million. The move follows rapid revenue growth—estimated at $200 million annual run rate—and positions ElevenLabs alongside leading generative AI firms in public market expectations.

The Product Pitch
ElevenLabs builds AI-powered voice cloning and speech generation tools, enabling businesses and creators to generate lifelike audio in multiple languages and styles.

The Backstory
Founded in 2022 in Prague, ElevenLabs quickly scaled from research prototype to commercial platform, attracting Sequoia and ICONIQ as early backers and climbing to a $6.6B paper valuation.

Why It Matters
The employee tender offer provides liquidity ahead of an IPO, signaling strong investor confidence and setting a benchmark valuation for private generative AI companies—while addressing talent retention through share monetization

👉 Read The Whole Story Here

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