- TradedVC
- Posts
- Rhode sells for $1B, Elon makes moves, and 60+ VC deals
Rhode sells for $1B, Elon makes moves, and 60+ VC deals
Oh, and also, Meta AI hits 1B users, Elon’s off DOGE but deep in AI, OpenAI eyes IPO, Anthropic gets Netflix cred, and VC funds stack tens of billions

Your dose of daily dealflow, essential VC & tech trends to know. The biggest moves in venture, all in one place. Celebrating startups, founders, and funders.


👋 Let’s get right into it…
Elon Musk just doubled down on AI and brain tech: Neuralink raised a whopping $600M at a $9B valuation from Founders Fund, GV, and sovereigns, while Telegram snagged $300M from Musk’s xAI (yes, seriously). Hailey Bieber sells Rhode for a billion dollars, just three years after launching the company. Meanwhile, L Catterton pulled in $11B+ across multiple funds (their biggest raise ever), and Saudi’s Humain is cooking up a $10B+ VC fund to chase global AI dominance.
🧠 Dopamine Dealflow
Neuralink (Fremont, CA) – Raised $600M at a $9B valuation, led by Founders Fund, GV, and several sovereign wealth funds, to advance its brain-computer interface technology.
David (New York, New York) – Secured $75M Series A, led by Greenoaks with participation from Valor Equity Partners, to develop tools aimed at increasing muscle and decreasing fat.
Telegram (Dubai, UAE) – Received a $300M investment from Elon Musk’s xAI to enhance its messaging platform capabilities.
GRIN Therapeutics (New York, NY) – Closed a $140M Series D, led by Angelini Pharma and Blackstone Life Sciences, to develop therapies for neuro-developmental disorders.
Hex (San Francisco, CA) – Raised $70M Series C, led by Avra, to expand its AI-powered workspace for data science and analytics.
CloudZero (Boston, MA) – Secured $56M Series C, led by BlueCrest Capital Management and Innovius Capital, to optimize cloud cost management solutions.
Wander (Austin, TX) – Closed a $50M Series B, led by QED Investors and Fifth Wall, to centralize vacation rental management services.
Cerby (Alameda, CA) – Raised $40M Series B, led by DTCP, to advance its identity security automation platform.
Conduit (San Francisco, CA) – Secured $36M Series A, led by Dragonfly and Altos Ventures, to build global payment infrastructure using stablecoins.
Bloq.it (Lisbon, Portugal) – Raised $31.5M Series B to provide end-to-end smart locker services for out-of-home delivery and e-commerce businesses.
Rillet (San Francisco, CA) – Closed a $25M Series A, led by Sequoia, to automate accounting reports using AI.
Creatify (Los Angeles, CA) – Secured $15.5M Series A, led by WndrCo and Kindred Ventures, to develop an AI platform for video advertising.
Palla (New York, NY) – Raised $14.5M Series A, led by Revolution Ventures, to enable instant cross-border payments for global financial institutions and fintechs.
Amplitude Studios (Paris, France) – Closed a $13.5M Series A, led by Griffin Gaming Partners, to expand its game development studio.
Inven (Helsinki, Finland) – Secured $12.5M Series A, led by Ventech and Vendep Capital, to build an AI-powered deal sourcing platform.
Applied Computing (London, UK) – Raised $12M seed round, led by Stride.VC, to develop AI solutions for the oil & gas and petrochemical industries.
Context (San Francisco, CA) – Closed an $11M seed round at a $70M valuation, led by Lux Capital, to create an AI-powered office suite.
Unleash live (Sydney, Australia) – Secured $11M Series B to enhance its real-time video analytics and machine learning platform for infrastructure and field operations.
Velocity (New York, NY) – Raised $10M pre-seed round, led by Activant Capital, to build fintech infrastructure platforms.
Alrik (Stockholm, Sweden) – Closed a $7.8M round, led by People Ventures, to improve construction logistics solutions.
Brainreader (Aarhus, Denmark) – Secured $7.4M, led by Dahlgren Capital, to develop an AI-driven neurological diagnostic platform.
Outmin (Dublin, Ireland) – Raised $4.5M, led by Praetura Ventures, to automate financial data production for businesses.
Ankar (London, UK) – Closed a $4M seed round, led by Index Ventures, to build an AI platform for inventors.
Oncade (San Francisco, CA) – Secured a $4M seed round, led by a16z, to develop a platform for game distribution.
💸 VC Funds Raised & Raising
LVMH-backed PE firm L Catterton raises a record $11B across a tenth $6.75B flagship buyout fund, a fifth growth fund, a fifth Europe fund, new Japan and China onshore funds, and its credit fund.
Zeal Capital Partners closes of its second fund, raising $82M
Five Elms raises its Fund VI at $1.1B, their largest fund to date.
Saudi Arabia's state-owned AI company Humain plans to launch a $10B VC fund to invest in US, Europe, and Asia startups.
Founders: Want to be featured on @tradedvc? → traded.co/submit/vc

🚀 Startup Spotlight — presented by Brex
Siro - a coaching platform helping field sales reps hit quota with AI-powered playbooks and real-time guidance.
Background/Problem: Field sales reps are often flying blind. Owners and sales leaders can’t see what’s said in person, why deals stall, or how top reps close. Most tools are built for Zoom calls—not real-world, real-time selling.
What They Do: Siro records, transcribes, and analyzes in-person sales conversations through a mobile-first app—turning talk into searchable, revenue-driving insights. Reps get real-world coaching. Leaders get visibility. Everyone closes more.
Key Features:
Mobile app that records and analyzes face-to-face convos
Transcription and insight generation powered by AI
Surfacing of coachable moments + win/loss intelligence
Centralized library of top-performing talk tracks
Insights to uncover hidden revenue and replicate success
Headquarters: New York, NY
Founder & CEO: Jake Cronin
Funding: $50M Series B led by SignalFire, with participation from CRV, Index Ventures, and others.
Business Model: B2B SaaS—priced per rep with enterprise expansion features.
Traction: Used by hundreds of sales teams across healthcare, home services, and retail. Teams report 2x faster rep ramp-up and 15–30% lift in deal conversion.
Why Siro: The future of sales isn’t on Zoom—it’s on the ground. Siro gives frontline teams AI superpowers, bridging the data gap in field selling. No more guessing why deals close. Now you can hear it.
@tradedvc posts on 🔥

OVER AND OUT, BACK TO THE GRIND ⚙️
Want more content? We don’t blame you. You can find more TradedVC content on Instagram, LinkedIn, X, and at traded.co/vc✌️