🧠 Dopamine Dealflow

💰 Massive Rounds (€50M+ / $50M+)

• CleanPeak Energy (North Sydney, Australia) – A$500 M from KKR to expand its distributed solar + storage platform

• Motive (San Francisco, CA) – $150M from Kleiner Perkins, AllianceBernstein, and others to expand its AI-powered physical operations platform.

• Ultromics (Oxford, UK) – $55M Series C from L&G, GV, Allegis, Oxford Science Enterprises, Lightrock, and others to scale AI diagnostics for heart disease

🌱Seed & Series A ($10M–$30M)

• Conversion (New York, NY) – $28M Series A from Abstract, True Ventures, and HOF Capital to automate sales outreach via AI.

• Sava Technologies (London, UK) – $19M Series A led by Balderton and Pentland for real-time molecular health monitoring.

• Pahr Therapeutics (Boston, MA and Osaka, Japan) – $14M Seed from RA Capital, AN Ventures, and UTokyo Edge to treat pulmonary arterial hypertension.

• C8 Health (New York, New York) – $12M Series A led by Team8 with 10D and Vertex to deploy AI for hospital workflow optimization.

• Blaxel (San Francisco, California) – $7.3M Seed led by First Round, joined by YC, Liquid2, and Transpose to power next-gen AI cloud infra.

• Rapidise Technology (Ahmedabad, India) – $4M Seed from Napino and Teksun to build AI-connected devices for automotive and healthcare.

• AIR (Tel Aviv, Israel) – $23M Series A led by Entree Capital with participation from Dr. Shmuel Harlap. Building eVTOLs for personal mobility and logistics, expanding into the U.S.

• Sharpsell.ai (Mumbai, India) – ₹30 Cr Series A (~$3.6M USD) led by Equentis Angel Fund with Cornerstone Venture Partners and Mistry Ventures. Automates enterprise sales playbooks.

• Caseflood.ai (San Francisco, CA) – $3.2M Seed from Y Combinator, Acquisition.com, Rebel Fund, and others. Delivering a human-assisted AI intake layer for law firms.

• Dawnguard (Amsterdam, Netherlands) – $3M Pre-Seed led by 9900 Capital with angels including Dutch Railways’ CISO. Embedding ML-based cybersecurity into IT infrastructure.

🤝 Strategic & Growth Investments

• Emulait (Los Angeles, CA) – $3M media-for-equity deal from Mercurius Media Capital. Partnering with major broadcasters to grow its infant feeding tech brand.

• AIRIA (New York, NY) – Seed round (undisclosed) backed by Counterview Capital and Fulcrum Venture Group. Building AI-driven spatial intelligence for commercial and federal use.

💸 VC Funds Raised & Raising

• KKR raised $6.5B for its biggest credit fund yet, doubling down on private asset-based finance (ABF) deals.

• Global Atlantic, KKR's insurance arm, secured a $2B commitment from Japan Post Insurance to bolster long-term yield strategies.

• HarbourView Equity Partners raised $630M for a music royalties fund focused on media and entertainment assets.

• Yaletown Partners closed $100M for its third tech-focused VC fund investing across Canada.

• Vietnam Innovation Network is planning to raise $100M for a government-backed venture fund supporting local startups.

• Uncorrelated Capital launched with $53M to back its litigation finance-focused investment platform.

• JPMorgan Chase, in partnership with the Independent Restaurant Coalition, launched a $4M grant fund to aid restaurants affected by natural disasters.

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

📚 Read of the Day

Figma (FIG) erupts on NYSE debut—opens +225%, hits $45B+ valuation 

This is what a blowout looks like. Figma’s IPO just cracked the public markets wide open. Shares priced at $33… and opened at $105. That’s a 220% Day 1 pop—taking its market cap north of $45 billion.

Why it matters:
This is the loudest IPO in years—and VCs, late-stage founders, and crossover funds are all watching. Figma didn’t just go public—it lit the scoreboard on fire. The deal signals real appetite for high-growth, profitable SaaS. The drought might be over.

Backstory:
Adobe tried to buy Figma for $20B in 2022. Regulators blocked it. Now? Public markets are valuing it even higher. Dylan Field and the team turned a “no” into a generational win.

Fast Stats:

• IPO Price: $33

• Open: $105

• Peak: $116

• Total Raised: $1.2B

• Market Cap: ~$45–50B

What’s next:
This move could unjam the exit pipeline. Think: Canva, Stripe, Databricks, Airtable. Figma’s pop just became the new benchmark.

📰 News You Don’t Want To Miss

🚀 Space Force drops $4B satcom gauntlet for startups

⚙️ Meta fires $72B shot in AI arms race

📲 GenAI apps just hit $1.7B—downloads doubled overnight

🛞 Tesla signals goodbye to Model S & X

🍏 Apple ramps AI bets—Cook promises “significant” investment ahead