🧑‍🚀 Top Deals You Can’t Miss

1️⃣ KKR – $23 billion fund close, the largest North America private equity fund in history, beating its own $20 billion target.

2️⃣ Valar Atomics – $450 million raise at a $2 billion valuation, building small nuclear reactors to power AI data centers.

3️⃣ Apollo Global Management – ~$10 billion acquisition of Atlantic Aviation, expanding its private aviation infrastructure footprint.

🧠 Dopamine Dealflow

🌳 Series B+ & Growth

• Valar Atomics, a California, USA-based nuclear energy startup building small modular reactor clusters for AI data centers, raised $450 million in growth funding. Palmer Luckey and Shyam Sankar led the round and were joined by Snowpoint Ventures and existing investors.

• Ambrosia Biosciences, a Colorado-based biotech company developing oral GLP-1 weight-loss drugs, raised $100 million in Series B funding. Blue Owl Healthcare Opportunities, Redmile, and Deep Track Capital led the round and were joined by BVF Partners, Boulder Ventures, Samsara BioCapital, and Janus Henderson Investors.

• Coder, an Austin, USA-based enterprise cloud developer platform, raised $90 million in Series C funding. KKR led the round and were joined by Qube Research & Technologies and Uncork Capital.

• Alcatraz, a Cupertino, USA-based AI-powered physical access control company, raised $50 million in Series B funding. BlackPeak Capital, Cogito Capital, and Taiwania Capital led the round and were joined by Almaz Capital and EBRD.

• Sona, a London, UK-based AI platform for frontline workforce management, raised $45 million in Series B funding. N47 led the round and were joined by Felicis, Northzone, Gradient, and Italian Founders Fund.

🚀 Series A

• Cognichip, a California, USA-based semiconductor AI design platform, raised $60 million in Series A funding. Seligman Ventures led the round.

• ThinkLabs AI, a Canadian-led, New York-based AI grid simulation platform, raised $28 million in Series A funding. Energy Impact Partners led the round and were joined by GE Vernova, Powerhouse Ventures, Active Impact Investments, Blackhorn Ventures, Amplify Capital, and others.

• Generare, a Paris, France-based AI drug discovery platform, raised €20 million in Series A funding. Alven and Daphni led the round.

🌱 Seed & Early Rounds

• Omniscient, a Paris, France-based corporate intelligence AI platform, raised $4.1 million in pre-seed funding. Seedcamp led the round and were joined by Plug and Play, MS&AD, Raise, Anamcara, xdeck, and BPIfrance.

📈 IPOs / Direct Listings / Issuances / Block Trades

• SpaceX, a Starbase, Texas-based aerospace and satellite company, filed for a confidential IPO targeting a $1.75 trillion valuation. The company is preparing for a June listing and was joined by strong demand from institutional investors.

💸 VC Funds Raised & Raising

• Women Backing Women Fund, a London, UK-based venture fund, raised £130 million at first close. Barclays and the British Business Bank led the round and were joined by institutional LPs.

• Beiersdorf Skin Care Innovation Fund, a Germany-based corporate venture fund, raised €100 million ($108 million) for its second fund.

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📚 Read of the Day

🚀 SpaceX Files for the Biggest IPO in History

Elon Musk’s space giant prepares a record-breaking public debut

SpaceX has confidentially filed with the SEC for an IPO that could value the company at $1.75 trillion, with plans to go public as early as June. The offering could raise up to $75 billion, making it by far the largest IPO ever attempted, eclipsing previous records multiple times over.

The Product Pitch

SpaceX generates revenue through a combination of launch services and its rapidly scaling Starlink satellite internet business, which now serves millions of global subscribers and government contracts. Starlink has become the financial engine underpinning SpaceX’s valuation.

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The company’s growth is fueled by deep relationships with US government agencies, alongside increasing commercial demand for satellite connectivity and space infrastructure. Its vertically integrated model gives it cost and speed advantages unmatched in aerospace.

The Strategy

This IPO is less about capital need and more about strategic positioning. By entering public markets at scale, SpaceX can unlock liquidity, fund even more ambitious projects like Mars colonization, and cement its dominance in both space and global communications.

Why It Matters

If successful, this IPO resets the ceiling for public market debuts. A $1.75 trillion listing would instantly make SpaceX one of the most valuable companies in the world and signal that frontier tech, space, AI infrastructure, and energy can command unprecedented capital at scale.

👉 Read The Whole Story Here

📰 Other News You Don’t Want To Miss

• 🧠 Meta’s new AI model predicts how your brain reacts to images, sounds, and speech — The model maps neural responses to multimedia inputs, pushing forward brain-computer interface research and AI cognition.

• 🔒 Apple says no one using Lockdown Mode has been hacked with spyware — Apple reports zero successful spyware breaches for users in Lockdown Mode, reinforcing its strongest security feature for high-risk individuals.

• ✈️ Apollo nears $10 billion deal to acquire Atlantic Aviation from KKR — Apollo is doubling down on private aviation infrastructure with a major acquisition alongside GIC.