✨Edición Especial: MultiVersial Research 4 Mar
9 Verticales de negocio tech + Reportes de analistas + Info de inversores
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Index:
Analyst Reports available this week
IA, Robots & Automation
Hardware, Chips & Quantum computing
Cloud, Big Data & Analytics
Blockchain & cripto
CyberSecurity
BioTech & eHealth
Fintech
Clean Energy, Transportation / Battery, Climate, Agro/Food.
"Traditional” SW / Rest of the industry
Investors raising funds
1º Analyst Reports available this week:
Report: 69,190 semiconductor patents were filed globally in 2022, up 9% YoY; Chinese companies accounted for 55%, US companies 26%, and UK companies 0.26% (Anton Shilov / Tom's Hardware)
As Gen Zs’ buying power grows, retailers need to understand the best ways to connect and engage with them, whether that’s through leaning into product discovery or creating a more seamless payment process. We take a look at some of Gen Z’s shopping habits and what they mean for retailers. How Gen Z shops and buys in 5 charts
US display ad spend will grow by 15.7% this year, reaching a total of $163.29 billion. Here are five charts that offer a closer look at what display ad spending looks like in 2023. Display advertising in 5 charts: From programmatic to retail media
Inflation and a lackluster economy—especially in China, where massive growth is slowing—play into the slowdown of global retail sales this year. In 2023, total retail sales growth worldwide will muddle through at just under 4%
More than half of US adults prefer human-generated content across a broad range of media, according to an Ipsos survey. But for marketing websites and movies, US adults are slightly more open to AI-generated content. AI fails to generate consumer enthusiasm across media
Update on the US TV industry’s attempts to put together better metrics than Nielsen for streaming. LINK
Free ad-supported streaming (‘FAST’) is pretty big now - Fox’s Tubi has 64m MAUs. LINK
China now has 60% share of EV batteries. Remember when Tesla bulls claimed it would dominate battery production? LINK
Nature has a comprehensive study of the Google and Apple Bluetooth proximity COVID exposure tracking system: it appears to have saved about 10,000 lives in the UK alone. LINK
Meta’s periodic transparency report. LINK
Pitchbook: Emerging tech indicator. Biotech, AI & ML lead the emerging tech pack. Link
How startup revenue growth is slowing across 4 sectors: fintech, ecommerce, software and healthcare sectors. Link
2º IA, Robots & Automation
News:
Some experts, particularly those advocating for “ethical AI” or “responsible AI”, say Microsoft and OpenAI's new Bing experiment is dangerous to the public (Wall Street Journal)
The skirmishes over generative AI show how tech companies have become political lightning rods, as even efforts to steer AI away from politics can appear biased (Nitasha Tiku / Washington Post)
As AI tools and CGI creations get better at pretending to be human, some creators online are sometimes being asked to prove that they're human (Kate Lindsay / The Verge)
Midjourney temporarily bans some words about the human reproductive system to prevent generating shocking or gory images, while the company “improves things” (Melissa Heikkilä / MIT Technology Review)
A look at the Nvidia A100, a ~$10K GPU that has become a critical tool for generative AI; Nvidia has an estimated 95% market share of machine learning GPUs (Kif Leswing / CNBC)
Sources: Elon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to ChatGPT (Jon Victor / The Information)
Meta is forming a team to get generative AI into its products, led by Ahmad Al-Dahle, who joined Meta in 2020 after 16 years at Apple and reports to Chris Cox (Ina Fried / Axios)
Sources: Tencent established a team to work on “HunyuanAide”, a ChatGPT-like chatbot using Tencent's Hunyuan AI training model, following Alibaba and Baidu (Josh Ye / Reuters)
Ford launches Latitude AI, a subsidiary run by former Argo AI employees, to focus initially on commercializing a hands-free, eyes-off driver assistance system (Kirsten Korosec / TechCrunch)
Memo: CNET EIC Connie Guglielmo, who defended CNET's use of AI tools, plans to step down to become Red Ventures' SVP of AI content strategy and editor-at-large (Mia Sato / The Verge)
Microsoft unveils Kosmos-1, a multimodal LLM the company claims can analyze images for content, perform visual text recognition, pass visual IQ tests, and more (Benj Edwards / Ars Technica)
A look at TikTok's viral Bold Glamour filter, which an expert says likely uses generative adversarial networks, amid fears the tool may hurt users' self-esteem (The Verge)
A profile of OpenAI CTO Mira Murati, who previously led Tesla's Model X development and has been at the helm of OpenAI's strategy to test its tools in public (Ainsley Harris / Fast Company)
A profile of Emily M. Bender, a University of Washington computational linguist who co-wrote a paper published in 2020 to illustrate what LLMs can and cannot do (Elizabeth Weil / New York Magazine)
Startups raising funds
Typeface, an SF-based generative AI for enterprise content creation, raised $65m from Lightspeed Venture Partners, GV, M12 and Menlo Ventures. Link
Fulfil Solutions, a Mountain View, Calif.-based developer of online grocery fulfillment robots, raised $60m in Series B funding. Eclipse led, and was joined by Khosla Ventures and DCVC. Link
Qwak, an Israeli ML ops platform, raised $12m in Series A1 funding. Bessemer Venture Partners led, and was joined by insiders Leaders Fund, StageOne Ventures and Amit Ventures. Link
PteroDynamics, a Colorado Springs, Colo.-based VTOL design and manufacturing company, raised $7.5m in seed funding from Kairos Ventures, Lavrock Ventures and CS Venture Opportunities Fund. Link
Sesamm, a French natural language startup focused on corporate ESG insights, raised €35m. Opera Tech Ventures and Elaia co-led, and were joined by Unigestion, Carlyle, Elevator Ventures, AFG Partners, CEGEE Capital and New Alpha Asset Management. Link
IPO & SPAC
DIH Holding, a provider of robotics and VR tech for the rehab and human performance markets, agreed to go public at a $360m implied equity value via Aurora Technology Acquisition Corp. (Nasdaq: ATAK), a SPAC led by Zachary Wang (Ascan Investments). Link
iMotion, a Chinese developer of self-driving tech, is considering a Hong Kong IPO for later this year that could raise between $200m and $300m, per Bloomberg. VC backers include CM Space, iFlytek Startups, Leader Venture Capital and Yinghao Venture Capital. Link
3º Hardware, Chips & Quantum computing
News:
Research: PC-based GPU shipments fell 35% YoY to 64.2M in Q4 2022, down 24% in desktops and down 43% in notebooks, the biggest decrease since the 2011 peak (Jon Peddie Research)
Qualcomm and Thales announce the certification of the first commercially deployable iSIM, putting eSIM-like functionality directly into a phone's main processor (Jon Fingas / Engadget)
Sources: the Biden administration considers revoking export licenses to US suppliers selling to Huawei, such as Qualcomm and Intel, impacting 4G and 5G devices (Wall Street Journal)
Sources: Chinese officials declined to process Arm China's transfer to a new Vision Fund entity, holding up Arm's plan to offload its troubled joint venture (Financial Times)
China's Big Fund pledges to invest ~$1.9B more in memory chipmaker YMTC, suggesting Beijing is again boosting its beleaguered chip industry after US tech curbs (Bloomberg)
Startups raising funds
Astroscale, a Tokyo-based satellite serving company, raised more than $76m from Mitsubishi Electric, Yusaku Maezawa, Mitsubishi UFJ Bank, Mitsubishi Corp., Development Bank of Japan, and FEL Corp. Link
Skydio, a Redwood City, Calif.-based autonomous drone-maker, raised $230m in Series E funding at a $2.2b valuation. Linse Capital led, and was joined by Hercules Capital, Axon and insiders Andreessen Horowitz, Next47, IVP, DoCoMo, NVIDIA, the Walton Family Foundation and UP Partners. Link
Fulfil Solutions, a Mountain View, Calif.-based developer of online grocery fulfillment robots, raised $60m in Series B funding. Eclipse led, and was joined by Khosla Ventures and DCVC. Link
Flock, a British drone insurance startup, raised $38m in Series B funding. Octopus Ventures led, and was joined by CommerzVentures and insiders Social Capital, Dig Ventures and Foresight Ventures. Link
Rebuy, a Minneapolis-based personalization platform for online retailers, raised $17m in Series A funding. M13 led, and was joined by Dynamism Capital, R-Squared Ventures and insiders Peterson Ventures and Sidekick Partners. Link
Andrena, a New York-based ISP, raised $15m in Series A funding, as first reported by Axios Pro. Dragonfly Capital led, and was joined by Blockchange Ventures, Moonshot Research, EV3 and insiders Afore Capital, FJ Labs, Castle Island Ventures, Chaos Ventures, KohFounders and J Ventures. Link
M&A and Private equity deals
EQT is in talks to buy Radius Global Infrastructure (Nasdaq: RADI), a Bala Cynwyd, Pa.-based cell tower site leasor with a $1.3b market cap. Link
4º Cloud, Big Data & Analytics
Analyst reports:
IoT H2 2022 by PitchBook
Startups raising funds
Temporal, a Seattle-based microservices orchestration platform, raised $75m in Series B extension funding from Greenoaks and insiders Amplify Partners, Index Ventures, Sequoia Capital, Madrona, and Addition Ventures. Link
Entitle, an Israeli permissions management startup, raised $15m in seed funding led by Gilot Capital Partners. Link
Savant Labs, a San Mateo, Calif.-based automation platform for data analysts, raised $11m in seed funding. Cota Capital led, and was joined by WestWave Capital, Bloomberg Beta, Uncorrelated Ventures and Handshake Ventures. Link
Crstl, an SF-based no-code electronic data exchange SaaS for retail brands, raised $4.4m in seed funding led by Mastry Ventures. Link
M&A and Private equity deals
QuestionPro, an Austin, Texas-based research and data company, acquired Pundit Consultantz, a Chicago-based health care commercialization consultancy. Link
5º Blockchain & cripto
News:
Inca Digital: Huobi and KuCoin, both based in Seychelles, still let traders transact with debit cards issued by sanctioned Russian banks on their P2P platforms (Politico)
Jump and Oasis recovering ~120K stolen ether demonstrates how multisig-controlled upgradeable smart contracts undermine trustlessness and censorship-resistance (Molly White)
Coinbase plans to suspend trading of the Binance USD stablecoin on March 13 for not meeting its listing standards; users will still be able to access their BUSD (Derek Andersen / Cointelegraph)
DCG reports 2022 revenue of $719M and a loss of $1.1B as the firm struggled with plunging crypto prices and the restructuring of its lending platform, Genesis (Ian Allison / CoinDesk)
Some crypto projects are abandoning terms like NFTs, which became associated with unsavory get-rich-quick scams, in favor of terms like “digital collectibles” (Stephen Graves / Decrypt)
Nansen: investors sold $6B+ of the BUSD stablecoin in the past month after US regulatory pressure; BUSD was ~40% of Binance's trading volume in December 2022 (Scott Chipolina / Financial Times)
A profile of BitMEX co-founder Arthur Hayes, who served six months under house arrest for a US Bank Secrecy Act charge; sources say he still runs the exchange (Jen Wieczner / New York Magazine)
Email: FTX's derivatives exchange LedgerX tells clients to send domestic wire transfers to Signature Bank instead of Silvergate Bank going forward (Bloomberg)
Sources: Visa and Mastercard pause partnering with crypto companies and delay product launches until market conditions and the regulatory environment improve (Manya Saini / Reuters)
Startups raising funds
Term Labs, a San Diego-based blockchain R&D startup, raised $2.5m in seed funding. Electric Capital led, and was joined by Coinbase Ventures, Circle Ventures, Robot Ventures and MEXC Ventures. Link
Really, a phone service powered by a decentralized mobile network, raised $18m in seed funding from backers like Polychain and Mike Maples. Link
Redeem, a provider of connectivity tools for blockchain projects, raised $2.5m in pre-seed funding led by Kinetic Capital. Link
Raising Funds:
Blockchain Founders Fund raised $75m for its second fund. Link
6º CyberSecurity
News:
The US Marshals Service suffered “a ransomware and data exfiltration event” on a standalone system; a source says the witness protection database was not hit (NBC News)
Three SIM-swapping gangs separately claimed multiple times on Telegram to have phished staff at T-Mobile throughout 2022, far more often than other US carriers (Brian Krebs / Krebs on Security)
US-based MKS Instruments, a little-known but key chip equipment supplier, expects delays from a “ransomware event” on “production-related systems” to continue (Financial Times)
GitHub's free secret scanning alerts service, which notifies users of potential repository leaks, hits general availability, after a December 2022 beta release (Bill Toulas / BleepingComputer)
A look at Russia's cyberattack on Viasat's KA-SAT network in February 2022, leading some countries to debate how to improve satellite security for the long term (Katrina Manson / Bloomberg)
A profile of Christos Rammos, the key investigator of the Greek government's spyware scandal engulfing PM Kyriakos Mitsotakis' administration since summer 2022 (Nektaria Stamouli / Politico)
News Corp says attackers behind a data breach the company disclosed in February 2022 gained access in February 2020, stealing some personal data including SSNs (Sergiu Gatlan / BleepingComputer)
LastPass says hackers stole password vault data in 2022 by exploiting an RCE flaw in third-party software to install a keylogger on a DevOps engineer's computer (BleepingComputer)
Startups raising funds
Trackd, a Reston, Va.-based vulnerability remediation automation startup, raised $3.35m in seed funding. Flybridge led, and was joined by Lerer Hippeau, SaaS Ventures and Expa. Link
Wiz, a New York-based cloud security platform, raised $300m at a $10b valuation. Lightspeed Venture Partnersled, and was joined by insiders Greenoaks and Index Ventures. Link
Quantifind, a Palo Alto-based provider of financial crimes risk management software, raised $23m. DNS Capitalled, and was joined by Citi Ventures, USVP, Valor Equity Partners and S&P Global. Link
Vouched, a Seattle-based identity verification startup, raised $6.3m co-led by BHG VC and SpringRock Ventures. Link
Cybersecurity startup Wiz has soared to a $10 billion valuation after closing a $300 million Series D. The round was led by Lightspeed Venture Partners, Greenoaks Capital Partners and Index Ventures. Link
M&A and Private equity deals
EQT Partners is in talks to buy around a 30% stake in South Korean security services provider SK Shieldus for more than $2.3b, per the Korea Economic Daily. Link
7º BioTech & eHealth
Startups raising funds
CodaMetrix, a Boston-based health care revenue cycle services startup, raised $55m in Series A funding .SignalFire led, and was joined by Frist Cressey Ventures, Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, and Mass General Brigham. Link
Croma Medicine, a Cambridge, Mass.-based developer of single-dose epigenetic editing therapeutics, raised $135m in Series B funding. GV led, and was joined by Arch Venture Partners, DCVC Bio, Mubadala Capital, Sixth Street and insiders Alexandria Venture Investments, Atlas Venture, Casdin Capital, Cormorant Asset Management, Janus Henderson Investors, Newpath Partners, Omega Funds, Osage University Partners, Sofinnova Partners, T. Rowe Price and Wellington Management. Link
BetterNight, a San Diego-based virtual care platform for sleep, raised $33m. NewSpring led, and was joined by HCAP Partners and Hamilton Lane. Link
Thymmune Therapeutics, a Cambridge, Mass.-based regenerative cell biotech, raised $7m in seed funding led by Pillar VC. Link
Cargo Therapeutics, a San Mateo, Calif.-based developer of CAR T-cell therapies for cancer, raised $200m in Series A funding co-led by Third Rock Ventures, RTW Investments and Perceptive Advisors. Other backers include Nextech, Janus Henderson Investors, Ally Bridge Group, Wellington Management, T. Rowe Price, Cormorant Asset Management, Piper Heartland, Samsara BioCapital, Red Tree Venture Capital and Emerson Collective. Link
Skin + Me, a London-based virtual skin care startup, raised £11m in Series B funding led by Octopus Ventures. Link
TeraPore Technologies, a South SF-based developer of nanofiltration membrane systems for biomanufacturing, raised $10m led by insider Anzu Partners. Other backers include Entegis and RA Capital Management. Link
M&A and Private equity deals
Redx Pharma (LSE: REDX), a British biotech focused on cancer and fibrotic diseases, agreed to merge with Cambridge, Mass.-based Jounce Therapeutics (Nasdaq: JNCE) in a $425m all-stock deal. Link
IPO
DIH Holding, a provider of robotics and VR tech for the rehab and human performance markets, agreed to go public at a $360m implied equity value via Aurora Technology Acquisition Corp. (Nasdaq: ATAK), a SPAC led by Zachary Wang (Ascan Investments). Link
Raising Funds:
Spex Capital, a British health-tech VC firm led by Claudio D’Angelo, says it’s targeting €100m for its debut fund. Link
8º Fintech
Startups raising funds
CollX, a Haddonfield, N.J.-based trading card evaluation app, raised $5.5m. Brand Foundry Ventures led, and was joined by Next Coast Ventures, FJ Labs, 114 Ventures, Ben Franklin Technology Partners and Morrison Seger Venture Capital Partners. Link
Spade, a credit card transaction data API, raised $5m in seed funding. Andreessen Horowitz led, and was joined by YC, Gradient Ventures and Dash Fund. Link
Marco, a Miami-based trade finance platform for LatAm exporters, raised $8.2m in equity funding led by Arcadia Funds and a $200m credit facility from MidCap Financial and Castlelake. Link
Varo, an SF-based neobank with a national charter, is raising $50m led by Warburg Pincus at a $1.9b valuation (down from $2.5b in mid-2021), per Fintech Business Weekly. Link
Equisoft, a Montreal-based provider of insurance and investment software, raised C$125m from Investissement Québec, the government of Québec, Export Development Canada and Fondaction. Link
StudentFinance, a Madrid-based income share agreement startup for students, raised €39m in Series A funding. Iberis Capital led, and was joined by Armilar Venture Partners, Mustard Seed Maze, Giant Ventures and Seedcamp. Link
Pagos, a Hermosa Beach, Calif.-based payment intelligence infrastructure startup, raised $34m in Series A funding. Arbor Ventures led, and was joined by Infinity Ventures, Underscore VC and Point 72 Ventures. Link
Archway, a Seattle-based banking platform for community and regional banks, raised $15m co-led by Madrona and WaFd Bank. Link
EvolutionIQ, a New York-based claims guidance platform for insurers, raised $7m in Series B funding at a valuation north of $200m. Brewer Lane ventures led, and was joined by First Round Capital, FirstMark Capital, Foundation Capital and Principal Financial Group. Link
Ritholtz Wealth Managementis acquiring the clients of robo-adviser FutureAdvisor, which BlackRock bought in 2015 but is shutting down. Link
M&A and Private equity deals
Toronto-Dominion Bank (TSC: TD) received all regulatory approvals for its $1.3b purchase of Cowen (Nasdaq: COWN), with the deal to close Wednesday. Link
Thoma Bravo completed its $8b take-private buyout of Coupa Software, a San Mateo, Calif.-based provider of business spend management software. Link
The FCC is expected to challenge Intercontinental Exchange’s(NYSE: ICE) proposed $13b takeover of mortgage software provider BlackKnight (NYSE: BKI). Link
BetaNXT, a New York-based portfolio company of Clearlake Capital Partners and Motive Partners, acquired Mediant Communications, a New York-based provider of investor communications technology. Link
IPO & SPAC
Lexasure, a provider of reinsurance and digital insurance solutions in Southeast and South Asia, agreed to go public at an implied $250m pre-money valuation via Capitalworks Emerging Markets Acquisition Corp.(Nasdaq: CMCA). Link
9º Clean Energy, Transportation / Battery, Climate, Agro/Food.
Startups raising funds
Domatic, an SF-based programmable electrical system for building efficiency, raised $4m in seed funding. Brick & Mortar Ventures led, and was joined by Catapult VC, Alchemist and Third Sphere. Link
Inarix, a Paris-based crop analysis platform, raised €3.1m in seed funding from Ankaa ventures, Label Investment, Newfund, Alliance for Impact and Resilience. Link
ION Mobility, a Singapore-based developer of e-bikes and energy storage solutions, raised $18.7m in Series A funding from TVS Motor, AC Ventures Malaysia, Michael Sampoerna, TNB Aura, Quest Ventures, Monk's Hill Ventures, Village Global, GDP Venture and Seeds Capital. Link
Velotric, a Chinese e-bike maker, raised $7.4m in Series A funding from Redpoint China Ventures, Fosun RZ Capital, Uphonest and Lime co-founder Brad Bao and Toby Sun. Link
10º "Traditional” SW
Startups raising funds
Champions Round, an LA-based fantasy sports startup, raised $7m in Series A funding. Point72 Ventures and Goodwater Capital co-led, and were joined by Pipeline Capital, Quest Venture Partners, Mana Ventures, Band of Angels and Gaingels. Link
Bitwise Industries, a Fresno, Calif.-based tech training company, raised $80m. Kapor Center and Motley Foolco-led, and were joined by Goldman Sachs and Citibank. Link
Bonusly, a Boulder, Colo.-based employee recognition and rewards platform, raised $18.9m in Series B funding. Ankona Capital led, and was joined by FirstMark Capital, Access Venture Partners, and Next Frontier Capital. Link
Gable, an SF-based remote work management platform, raised $12m in Series A funding. SemperVirens and Foundation Capital co-led, and were joined by Tishman Speyer Ventures, Ulu Ventures and January Ventures. Link
Cycle, a French collaboration tool for product managers, raised $6m from Boldstart, eFounders, Base Case, 20VC Fund, SV Angel, BoxGroup and Hummingbird Ventures. Link
Shef, an SF-based chef-to-consumer marketplace, raised $73.5m in Series B funding (including $7m of venture debt). CRV led, and was joined by Andreessen Horowitz, Amex Ventures and a group of celebrity chefs and other angel investors. The company also secured $7m in venture debt. Link
Jump, an upstart rival to Ticketmaster co-founded by Alex Rodriguez and Marc Lore, raised $20m. Forerunner Ventures led, and was joined by Courtside Ventures, Will Venture, Mastry Ventures, Drive by DraftKings and MetaLab. Link
Una Brands, a Singapore-based e-commerce aggregator, raised $30m in equity and debt from Northstar Group. Link
Hexa, an Israeli 3D asset visualization and management platform, raised $20.5m in Series A funding from Point72 Ventures, Samurai Incubate, Sarona Partners and HTC. Link
Wunderkind, a New York-based behavioral marketing platform for brands, raised $76m in Series C funding led by Neuberger Berman. Link
SpotDraft, an Indian provider of contract lifecycle management software, raised $26m in Series A funding. Premji Invest led, and was joined by Prosus Ventures, 021 Capital, Arkam Ventures, Riverwalk Fund and 100x Entrepreneur Fund. Link
Attio, a London-based CRM startup, raised $23.5m in Series A funding. Redpoint Ventures led, and was joined by insiders Balderton Capital and Point. Link
Edurino, a German e-learning platform for preschool and primary schoolchildren, raised €10.5m in Series A funding. DN Capital led, and was joined by FJ Labs and Tengelmann Ventures. Link
Anonym, an ad tech startup that uses encrypted data to measure ad campaign efficiency, raised $8m in seed funding. Link
Zarta, a pay-per-view video platform for creators, raised $5.7m in seed funding led by Andreessen Horowitz. Link
M&A and Private equity deals
Cinedigm (Nasdaq: CIDM) movie review and ratings service Dove.org and faith-based streaming platform Christian Cinema from Giving Co. Link
IPO
PublicSq, an Encinitas, Calif.-based "values-aligned marketplace of pro-America businesses and consumers," agreed to go public via Colombier Acquisition Corp. (NYSE: CLBR), a SPAC led by Omeed Malik. Link
11º Investors raising funds
News:
Bain & Co. released its annual report on global private equity, arguing that while macro uncertainty slowed industry activity in 2022 (deals, fundraising, exits, etc.), there's an argument to be made that conditions are ripe for an industry resurgance in the back half of this year. Link
A look at the 10 biggest pools of capital that institutional investors have set aside for emerging fund managers. Link
Detail:
Blackstone is considering the launch of an open-ended European infrastructure fund. Link
Crescent Capital Group raised $8b for its seventh private credit fund. Link
New Form Capital, a New York-based VC firm led by Alex Marinier, raised over $70m for its second fund. Link
Spex Capital, a British health-tech VC firm led by Claudio D’Angelo, says it’s targeting €100m for its debut fund. Link
Bain Capital Ventures raised $1.4b for its latest flagship fund, plus $493m for a new opportunities fund. Link
Brynwood Partners, a consumer-focused PE firm, raised $500m for its ninth fund, per an SEC filing. Link
Backswing Ventures, a Florida-based VC firm, is raising $25m for its second fund, per an SEC filing. Link
Lyric Capital Group raised $410m for its second music royalty fund, with senior debt financing bringing total deployable capital to over $800m. www.lyriccapitalgroup.com. Link
Oaktree Capital is raising $10b for a private credit fund, per the FT. Link
Blockchain Founders Fund raised $75m for its second fund. Link
Investcorp raised over $1.2b for its first North American private equity fund. Link
KKR plans to begin raising its 14th flagship fund later in 2023, despite having closed on $19b for Fund XIII last April. Link
Section Partners is raising $50m for its second VC fund, per an SEC filing. Link
Venture Guides, a new VC firm led by Ben Nye (former co-managing partner of Bain Capital Ventures), raised $215m for its debut fund. Link
8VC, the venture firm led by Joe Lonsdale, raised $880m for its fifth fund. Link
B Capital raised over $500m for its debut health care VC fund. Link
Chiliz of Malta launched a $50m incubator and accelerator program for early-stage blockchain projects focused on sports and entertainment. Link
Northleaf Capital Partners of Toronto raised more than US$675m for its eighth fund, which focuses on primary, secondary and direct investments in midmarket buyout opportunities. Link
Providence Strategic Growth is targeting $6.5b for its sixth fund, per public pension docs. Link