🧑‍🚀 Top Deals You Can’t Miss

1️⃣ Oracle – $18B corporate bond sale, funding its next big leap in AI and data infrastructure.

2️⃣ Tether – exploring a staggering $500B valuation, pushing stablecoins to Wall Street scale.

3️⃣ Judi Health – $400M raise to reinvent corporate healthcare and benefits.

🧠 Dopamine Dealflow

🌳 Series B+ & Growth

• Judi Health (FKA Capital Rx) (NYC, NY) – $400M funding; enterprise health tech and benefits admin.

• WeTravel (San Francisco, CA) – $92M Series C; fintech platform for group travel payments.

• AmplifAI (Plano, TX) – $33.7M Series B; AI-powered contact center performance platform.

• Mimica (London, UK) – $26.2M Series B; process intelligence software for automation.

• Greptile (San Francisco, CA) – $25M Series A; AI code reviewer.

• TELO Trucks (San Carlos, CA) – $20M Series A; electric mini truck maker.

• Duel (NYC, NY) – $16M Series A; brand advocacy platform.

• Testkube (NYC, NY) – $8M Series A; continuous testing platform.

🚀 Series A

• Distyl (US) – $175M valuation with Series B; AI-driven data infrastructure.

• Stiller’s Soda (NYC, NY) – $35M Series A; all-natural soda brand founded by Ben Stiller.

🌱 Seed & Early Rounds

• Genstore (Los Angeles, CA) – $10M Seed; AI-native e-commerce ops platform.

• RefAssured (San Francisco, CA) – $3.3M Seed; automated reference checks for staffing.

• Oriane (Denver, CO) – $1.5M Seed; AI-powered video search engine.

• Kinea Bio (Seattle, WA) – up to $1.1M commitment; genetic medicines.

• wexler.ai (London, UK) – $5.3M Seed; AI litigation platform.

• Cetasol (Gothenburg, Sweden) – €2.3M Seed; AI-driven vessel operations solutions.

• Sonomind (Paris, France) – €3M Seed; ultrasound-based brain stimulation device.

• Neurocentrx Pharma (Edinburgh, Scotland, UK) – undisclosed Seed extension; biopharma.

• Mamedica (London, UK) – £4.5M Seed; cannabis-based prescription medicines.

• Moneta Health (Las Vegas, NV) – $4.5M Seed; brain health startup.

• PredictAP (Boston, MA) – $5M funding; AI-driven AP automation for real estate.

🤝 Strategic, M&A & Undisclosed

• Integral Ad Science (NYC, NY) – $1.9B acquisition by Novacap; ad measurement and verification platform.

• Solifi (Minneapolis, MN) – acquired DataScan (Alpharetta, GA); secured finance tech & risk mgmt.

• Bastion – undisclosed raise backed by Coinbase, Sony, Samsung, Hashed; crypto infrastructure.

• SkySparc (Stockholm, Sweden) – majority growth investment by Bregal Milestone; treasury/finance digital transformation.

• Tether – exploring $500B valuation; stablecoin issuer.

• Sjätte AP-fonden (Sweden) – plans to sell 10% stake in Asker Healthcare for $360M.

• Kingspan Group (Ireland) – weighing Amsterdam IPO of Advnsys, its advanced building systems unit.

📈 IPOs / Direct Listings / Issuances / Block Trades

• Oracle – $18B corporate bond sale.

• Tennet Germany (subsidiary of Dutch grid operator) – $11B private placement at $47B EV to SWFs (Norway, Netherlands, Asia).

• Kenya Pipeline – planning $1.15B IPO, nation’s largest in 17 years.

• ICICI Prudential Asset Management (India) – targeting $1.1B IPO at $11B valuation.

• ALEC Engineering & Contracting (Dubai, UAE) – $381M IPO at $1.9B valuation.

💸 VC Funds Raised & Raising

• Essence VC (Seattle, WA) – closed $41M Fund IV, up from $27M prior; led by solo GP Tim Chen, who has backed Tabular (acquired by Databricks for $2.2B) and ComfyUI ($17M Series A).

• Russell AI Labs (Palo Alto, CA) – launched platform to back/build AI & frontier tech cos.

• Acumen Fund – announced new fundraise (details not disclosed).

• Databricks (San Francisco, CA) – launched AI Accelerator Program (pre-seed & seed focus).

• Shell GameChanger Accelerator (GCxN) – selected 5 startups for Cohort 7.

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

📚 Read of the Day

💵 Tether Eyes a $500B Valuation

The world’s largest stablecoin issuer is making waves. Reports suggest Tether is exploring a valuation of $500 billion, a milestone that would make it one of the most valuable private financial companies on the planet.

The Backstory

Tether has been the backbone of the crypto economy for nearly a decade. With more than $120B in circulation, its USDT token acts as the default “digital dollar” in trading and DeFi. Despite years of scrutiny around its reserves, the company has continued to grow, booking record profits thanks to rising interest rates.

The Strategy

Positioning at half a trillion dollars signals that Tether wants to transcend its crypto-native role. By leaning into infrastructure, payments, and sovereign partnerships, the company is making a case that it’s not just a stablecoin — it’s becoming a global financial utility.

Why It Matters

For investors, a $500B price tag raises questions: is Tether building a financial empire… or stretching its credibility? If realized, it would place the company’s valuation above major Wall Street institutions — a staggering leap for an entity born out of crypto exchanges.

👉 Read The Whole Story Here

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💵 Tether eyes a $500B valuation