Crunchbase News (1 hour ago)
This week featured a robust lineup of large rounds, led by manufacturing startup Re:Build, which closed on $2.1 billion, and predictions marketplace Kalshi, which picked up another $1 billion.
Read the full story on Crunchbase News.
Applying for FAFSA may get messy as DOJ “ghost student” crackdown ramps up.
Thrive Holdings, the holding company set up by Joshua Kushner’s Thrive Capital, has agreed to buy ADT for $10 a share in cash. ADT sells home security systems in the US. The deal values ADT at about $7.6bn in equity and $15.3bn in enterprise value.
Cognition, the startup behind the AI coding agent Devin, has received investor offers that value it at $70bn to $80bn. The San Francisco company is seriously considering raising a new round before the end of the year.
Entourage, the early-stage venture firm founded by Showpad co-founder Pieterjan Bouten, has closed its second fund at €100m. It passed its €75m target within two weeks, took more than €100m in commitments, and capped the fund there.
The team counted approximately 3,500 metric tons’ worth of eels. Yes, tons.
Travel demand appears to be holding up, but at the same time, investor appetite for travel tech startups has cooled. Even a wave of startups promising to improve travel with AI hasn’t managed to reverse the funding slowdown. We share what a review of Crunchbase data shows.
Crunchbase data shows that so far this year, investors have poured around $48 billion into financings around the Series B stage, the highest tally in years. Yet round counts are below year-ago levels and are on track for a multiyear low. We take a look at the data.
AI megarounds are masking a shrinking Series A market, leaving seed founders facing higher revenue expectations and longer timelines despite larger seed checks. To improve their chances, MGV’s Marc Schröder says, founders should size their seed funding around Series A milestones.
Numeracle, a McLean, Virginia-based company that verifies businesses and links their identities to the phone numbers they use to contact customers, has raised $28 million from Edison Partners to help businesses whose calls are incorrectly labeled as spam or blocked by phone carriers.
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