🧠 Dopamine Dealflow

💰 Massive Rounds (€50M+ / $50M+)

• AbsoluteCare (Baltimore, MD) – $135M equity round led by Kinderhook Industries, CVS Health Ventures & others to grow integrated care.

• Lumotive (Redmond, WA) – $59M Series B backed by Amazon’s Industrial Innovation Fund for programmable optics in AV/datacenters.

📈 Mid-Sized Rounds ($40M–$49M)

• No rounds in this range today

Seed & Series A ($10M–$30M)

• Delve (San Francisco, CA) – $32M Series A from Insight Partners to automate enterprise compliance with AI

• Composio (San Francisco, CA) – $29M Series A led by Lightspeed to power learning infrastructure for AI agents

• Rune Technologies (Arlington, VA) – $24M Series A led by Human Capital, with additional investors including a16z; building TyrOS for AI military logistics

• Qlub (Dubai, UAE) – $30M round co-led by Shorooq Partners & Cherry Ventures to scale QR dining payments.

• Asylon (Philadelphia, PA) – $26M Series B led by Insight Partners for robotic security as a service.

• Nevoya (Los Angeles, CA) – $9.3M Seed led by Lowercarbon for electric freight trucks at diesel cost parity.

• Daylight Security (New York, NY) – $7M Seed from Bain Capital Ventures for AI-backed MDR services.

• Hyper (San Mateo, CA) – $6.3M Seed led by Eniac for AI automation of non-emergency 911 calls.

• Magentic (London, UK) – $5.5M round led by Sequoia & Westly Group for AI supply-chain optimization.

Strategic & Growth Investments

• Zvilo (London, UK) – €75M credit facility backed by Fasanara to support MSMEs across Africa/EMEA.

• Makersite (Hamburg, Germany) – €60M Series B led by Lightrock & Partech for lifecycle intelligence tools.

• Solynta (Heerlen, Netherlands) – €20M venture debt from EIB for seed-based disease-resistant potatoes.

• Hertha Metals (London, UK) – Raised $17M+ (Khosla, Breakthrough Energy) to innovate steel production.

• Norsepower (Helsinki, Finland) – €4.53M for rotor-sail shipping decarbonization.

💸 VC Funds Raised & Raising

• EQT raised $11.4B for its latest Asia-focused PE fund.

• Reverence Capital Partners is targeting ~$2.8B for its largest PE fund to date, focusing on financial services investments.

• Blue Owl Capital raised $850M from private wealth investors for an alternative credit vehicle.

• Omega Funds raised $647M to invest in drug startups.

• Booz Allen Hamilton plans to commit $200M to its VC arm to invest in defense tech startups focused on drones, AI, and related technologies.

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

📖 Read of the Day

🤖 Tesla’s “Charge & Chow” Diner Debuts in L.A.

What Happened

Seven years after Elon Musk first mused about a “’50s-style diner with drive-in movie screens,” the concept has rolled off the whiteboard and onto Santa Monica Boulevard. The doors—er, parking lot gates—swung open at exactly 4:20 p.m. yesterday, because Tesla.

Fast Facts

• 80 Supercharger stalls (largest urban site in the network)

• Two gigantic outdoor movie screens beaming car-friendly clips

• 24/7 full-service diner with QR-code or in-car ordering

• Open to everyone—no Tesla key fob required to grab fries

• Early superfans reportedly queued up to 13 hours for the first burger-and-battery combo

Menu Teaser (Sample Prices)

• Tesla Burger – $13.50

• Fried Chicken & Waffles – $15

• Soft-Serve Cone – $6

• Tallow-Fried Fries – $4 (add Wagyu chili +$3 if you’re feeling baller)

Extra Gizmos & Goodies

• Movie audio pipes straight to your infotainment system—drive-in meets Bluetooth.

• Launch-day cameo by Chief Designer Franz von Holzhausen, who christened the lot.

• On-site merch: Tesla Bot action figure, retro diner tees, and “Supercharged Gummies” (three flavors, naturally).

Why It Matters (Briefly)

Tesla is testing whether a charging stop can double as dinner, entertainment, and brand halo. If L.A.’s “Charge-n-Chow” proves popular, Musk says clones could pop up in other major cities and along long-haul routes—making the humble rest stop a little less humble.

Bottom Line: You can now top up your battery, your stomach, and your Instagram story in one pit stop. Bring an appetite—and maybe a portable charger for your phone, too.

📰 News You Don’t Want To Miss

• OpenAI’s Reasoning LLM Hits Olympiad Gold – An experimental OpenAI model solved 5 of 6 International Math Olympiad problems, setting a new AI reasoning benchmark. GPT-5 is coming, but this math model’s abilities won’t hit the public for months.

• The Epic Battle for AI Talent – AI researchers are receiving $300M+ offers, with secret deals and poaching wars turning top AI talent into as prized as NBA superstars.

• A New Frontier in Fusion Technology – Marathon Fusion’s gold transmutation method could transform both energy and commodities, with 5,000kg of gold per gigawatt per year.

• Cancer DNA Detectable Years Before Diagnosis – Early tumor DNA detection could revolutionize cancer screening, allowing intervention years ahead of symptoms.

• Banks on High Alert About Stablecoins – The U.S. Genius Act sets 1:1 fiat backing rules for stablecoins, threatening to pull deposits from traditional banks while speeding up cross-border payments.