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- PrizePicks’ $1.6B Sale, TikTok’s U.S. Algorithm Handoff, Organ Preservation’s $58M Leap, & Meta’s AI Dating Push
PrizePicks’ $1.6B Sale, TikTok’s U.S. Algorithm Handoff, Organ Preservation’s $58M Leap, & Meta’s AI Dating Push
From billion-dollar AGI plays to biotech preservation and AI-driven dating, today’s capital flows show how tech is reshaping work, life, and love.

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…
🎲 PrizePicks sells a $1.6B majority stake to Allwyn, fusing fantasy sports with global lottery power.
⚖️ Filevine raises a massive $400M to embed AI directly into legal workflows.
🧠 Giotto.ai eyes a $200M raise at $1B valuation to join the AGI race from Switzerland.
📱 Oracle seizes oversight of TikTok’s U.S. algorithm, ending years of geopolitical limbo.
🤖 DeepMind upgrades its AI safety framework, targeting manipulative and shutdown-resistant models.
🏢 Oracle names two new co-CEOs as Safra Catz moves to vice chair.
💘 Meta’s Facebook Dating rolls out an AI assistant + weekly “Meet Cute” surprise match.
🌍 Until Labs scores $58M Series A to pioneer organ cryopreservation.
🧑🚀 Top Deals You Can’t Miss
1️⃣ PrizePicks – $1.6B majority stake sale to Allwyn, reshaping fantasy sports and gaming.
2️⃣ Filevine – $400M to embed AI in legal workflows, one of the largest raises in legal-tech history.
3️⃣ Until Labs – $58M Series A to advance organ cryopreservation and reversible biological storage.

🧠 Dopamine Dealflow
🌳 Series B+ & Growth
Allwyn / PrizePicks (USA / Europe) – $1.6B M&A/deal; lottery operator Allwyn takes 62% stake in fantasy sports platform PrizePicks to scale U.S. gaming + predictive entertainment.
Filevine (Salt Lake City, USA) – $400M; AI-powered legal workflow giant scaling to dominate enterprise law.
Cardless (San Francisco, USA) – $60M Series C; enables brands to design and launch credit cards in-house.
Avenzo Therapeutics (San Diego, USA) – $60M Series B; biotech advancing new oncology therapies.
Ensoma (Boston, USA) – $53M; developing in vivo stem cell engineering for hematology.
Caregility (Wall, NJ, USA) – $25M; enterprise telehealth platform bridging patients and clinicians.
Revyve (Netherlands) – €24M (~$25.7M); food-tech converting byproducts into clean protein ingredients.
Sunhat (Germany) – €9.2M (~$9.9M) Series A; platform automating ESG and non-financial data compliance.
🚀 Series A
Until Labs (San Francisco, USA) – $58M; pioneering organ cryopreservation and reversible biological storage.
Track3D (San Francisco, USA) – $10M Series A; deploying reality-intelligence to help construction projects track progress, detect deviations, and automate oversight.
Salt AI (Los Angeles, USA) – $10M; contextual AI for enterprise life sciences and health tech.
🌱 Seed & Early Rounds
Manas AI (New York, USA) – $26M Seed Extension; AI-native drug discovery using science-based foundational models to accelerate therapeutic campaigns.
Obot AI (San Francisco, USA) – $35M Seed; building open-source AI infrastructure.
Circuit & Chisel (New York, USA) – $19.2M Seed; agentic commerce platform for autonomous retail.
Rocket.new (Surat, India) – $15M Seed; vibe-coding startup turning prompts into production-ready apps.
Earthmover (New York, USA) – $7.2M Seed; workflow engine for climate and tensor data.
Tilt (Miami, USA) – $7.1M Seed; AI-driven direct indexing for personalized investing.
Unit221B (New York, USA) – $5M Seed; cyber-intel startup delivering actionable threat detection.
Pillar (Milan, Italy) – €3.2M (~$3.4M) Pre-Seed; digitizing financial management in construction.
Scindo (London, UK) – £4M (~$4.9M); building AI-rich data science platform.
DaltonTx (London, UK) – £4M (~$4.9M) Seed; adaptive tech platform for drug discovery.
Mycroft (Toronto, Canada) – $3.5M; agentic AI for security & compliance automation.
Veridox (Manchester, UK) – £1M (~$1.2M); forensic tool detecting doc/image manipulation.
Zealthix (Mumbai, India) – $1.1M Seed; SaaS healthcare platform streamlining provider workflows.
Coop Records (Web3 / Global) – $45M Seed; music platform using tokenized ownership to align artists & fans.
🤝 Strategic, M&A & Undisclosed
Netigate (Sweden) acquired Mopinion (Netherlands); SaaS consolidation in experience & feedback management.
Lucid Green (New York, USA) – undisclosed; item-level tracking + compliance for CPG.
Intelligo (New York, USA) – investment from Carrick; AML/KYC compliance solutions.
Vertical Harvest (Wyoming, USA) – backing from Raiven Capital; vertical farming 2.0.
Tide (London, UK) – investment from TPG; SME management platform.
📈 IPOs / Direct Listings / Issuances / Block Trades
Zijin Gold International – $3.2B HK IPO (at risk of delay).
Chery Automobile – $1.2B HK IPO pricing at top of range.
Neptune Flood Insurance – $368M IPO at $2.75B valuation.
Merdeka Gold (Indonesia) – $280M IPO, largest in the country this year.
Commercial Bancgroup (USA) – $104M bank IPO.
Nukkleus – $250M raise from Esousa for aerospace/defense roll-ups.
Berkshire Hathaway – $415M stock sale, full BYD exit.
Pinkfong (Korea) – $55M IPO at $390M valuation.
💸 VC Funds Raised & Raising
Archetype (New York, USA) – $100M+ Fund III; crypto VC.
Simple Ventures (Toronto, Canada) – $15M; venture builder fund.
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📚 Read of the Day
📱Oracle to Oversee TikTok Algorithm Under US Security Deal
The Big Shift: Oracle, alongside Silver Lake and U.S. backers, will take operational control of TikTok’s U.S. recommendation algorithm. ByteDance will retain <20% ownership, while Oracle ensures the algorithm is retrained with U.S. data and housed under U.S. regulatory oversight.
The Strategy
The move aims to address national security concerns over TikTok’s Chinese ownership by shifting both algorithmic control and U.S. user data sovereignty to American hands.
Powered By…
Oracle’s role goes beyond cloud hosting: it will retrain TikTok’s algorithm on U.S.-only data, deploy U.S.-controlled safeguards, and oversee compliance — embedding itself in one of the world’s most influential consumer tech platforms.
The Backstory
This deal follows years of scrutiny and bipartisan pressure in Washington to either ban TikTok or force a U.S.-controlled spin-out. Investors like Silver Lake, Rupert Murdoch, and Michael Dell reportedly played key roles in the negotiations.
Why It Matters
For founders/investors: Shows how geopolitics can reshape late-stage tech valuations and governance.
For Oracle: Gives it unprecedented consumer influence beyond enterprise software.
For TikTok: Must balance product identity while adapting to U.S. political constraints.

📰 News You Don’t Want To Miss
🏢 Oracle Names Co-CEOs as Safra Catz Shifts to Vice Chair
🤖 Google DeepMind Expands AI Safety Rules Against Manipulative Models
🇺🇸📱 Oracle to Oversee TikTok Algorithm Under US Security Deal
💘 Facebook Dating Adds AI Assistant + Weekly “Meet Cute” Feature
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