🧠 Dopamine Dealflow

💰 Massive Rounds (€50M+ / $50M+)

• HTEC (Belgrade, Serbia) – €60M loan from the European Bank for Reconstruction and Development (EBRD) to fuel expansion through strategic acquisitions and bolster its AI-first engineering services platform.

• Substack (San Francisco, CA)- $100M Series C round led by BOND and The Chernin Group, with participation from Andreessen Horowitz. The company will use the funds to improve tools, grow its audience, and boost creator support, especially through the Substack app.

• Uber (San Francisco, CA) - $300M investment into Lucid, and a larger undisclosed amount in Nuro. The deal includes Uber purchasing at least 20,000 Lucid Gravity SUVs equipped with Nuro’s autonomous vehicle system.

• Lovable (Stockholm, Sweden)- $200M Series A from Accel, 20VC, Creandum, and Klarna’s founder. Lovable turns simple prompts into full apps—now scaling its team and enterprise tools.

• Eton Solutions (Research Triangle Park, NC) – $58M Series C, led by Navis Capital Partners to push AI innovation and global expansion of its wealth‑management platform for family offices and funds .

📈 Mid-Sized Rounds ($40M–$49M)

• Firestorm Labs (San Diego, CA) – $47M Series A, led by New Enterprise Associates together with Lockheed Martin Ventures, Decisive Point, Booz Allen Ventures, Washington Harbour Partners & J.P. Morgan to scale its expeditionary additive‑manufacturing platform for defense systems.

• Unify (San Francisco, CA) – $40M Series B, led by Battery Ventures and backed by OpenAI Startup Fund, Thrive Capital, Emergence, Abstract Ventures, The Cannon Project & Capital49 to grow its AI-native go‑to‑market platform.

Seed & Series A ($10M–$30M)

• Crash Override (New York, NY) – $28M Seed, led by GV and SYN Ventures with Blackstone Innovations Investments and Bessemer; developing an Engineering Relationship Management platform for enterprise dev teams.

• HOPE Hydration (New York, NY) – $20M Series A, led by Pentair plc with Burnt Island Ventures; expanding its HydroStations™ network to reduce waste and deliver free filtered water.

• Heka (New York, NY) – $14M Series A, led by Windare Ventures with Barclays and Cornèr Banca; deploying its AI-driven web intelligence platform to help financial institutions detect synthetic fraud.

• H2Ok Innovations (Somerville, MA) – $12.42M Series A, led by Greycroft with 2048 Ventures and Construct Capital to scale AI-powered inline sensors for sustainable CPG production.

• Quandri (Toronto, Canada) – $12M round, led by Framework Venture Partners with Intact Ventures, FUSE, and Defined Capital; modernizing insurance servicing workflows with AI insights.

• Function (Austin, TX) – $10M Seed, backed by Galaxy Digital, Antalpha, and Mantle; transforming Bitcoin into a productive, yield-generating financial asset.

• CREAL (Zurich, Switzerland) – $8.9M equity, led by ZEISS with UBS private investor network and existing backers; developing light-field display tech for AR, vision care, and spatial computing.

• Chariot Defense (Boston, MA) – $8M Seed, backed by General Catalyst, XYZ, Cubit Capital, Forward Deployed VC, Pax, New Vista, D3, and Brave Capital; building next-gen power distribution systems for modern defense hardware.

• Coverflow (San Francisco, CA) – $4.8M Seed, led by AIX Ventures with Founder Collective and Afore Capital; automating insurance brokerage operations to save brokers 1,500+ hours annually.

• Kiku (Berlin, Germany) – €4M Seed, led by Cherry Ventures with Yellow VC and angels including Fredrik Hjelm and Felipe Navio; AI-native recruiting solution for frontline hiring.

• Vixor (Remote / Crypto) – $2M Seed, investors using token entry via VXR tokens for automated liquidity management tools for blockchain projects.

• Loro Insurtech (New York, NY) – $1.1M Seed, led by Markd and angels across insurance ecosystems; specialty insurance distribution platform.

• Hootology (San Francisco, CA) – $1.1M Pre‑Seed, launching HOOQZ, a GenAI-powered market research tool combining traditional research principles with modern tech.

• Fire AI (Mumbai, India) – Undisclosed Pre‑Seed, led by Venture Catalysts with participation from Gaurav Khatri and Amit Kumar Singh; accelerating product development of its AI-native business intelligence platform.

Strategic & Growth Investments

• Nuqleous (Chicago, IL) – Strategic majority investment, from Rubicon Technology Partners to further scale its space‑planning and retail analytics software.

• EPR Fireworks (Austin, TX) – Growth capital injection, from Frontier Growth; enhancing its cloud‑based records management platform for fire and EMS agencies.

• StayTerra (Austin, TX) – Strategic growth investment, from Bessemer Venture Partners and Garnett Station Partners; expanding its vacation‑rental ops and management platform.

💸 VC Funds Raised & Raising

• Neuberger Berman raised $2.8B for a new PE co-investment fund, doubling down on its private markets strategy.

• Pantheon raised $2.2B for its third credit opportunities fund, targeting mid-market debt plays.

• AEW Capital Management raised $1.8B for its tenth flagship fund, continuing its focus on core and value-add real estate.

• Eurazeo raised $752M for a targeted $1.1B growth fund to capitalize on an AI-driven rebound in European tech.

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