Ineffable Intelligence $1.1B
Seed · AI · United Kingdom · Apr 28
London-based Ineffable Intelligence closed the largest European seed round ever: $1.1B led by Sequoia and Lightspeed at a $5.1B valuation.
A quick read on the week, 86 deals and $6B raised. The highlights, not the whole list.
Biggest rounds
Enviromena $1.1B
Venture debt · Energy · United Kingdom · Apr 27
Enviromena signed an 825M GBP senior financing package (525M initial plus a 300M accordion) with NatWest, Lloyds, BBVA, Intesa and SocGen for 1GW of UK solar.
True Anomaly $650M
Series D+ · SpaceTech · United States · Apr 28
True Anomaly closed a $650M Series D co-led by Eclipse and Riot Ventures at a $2.2B valuation, riding the momentum of the Golden Dome program.
HawkEye 360 $416M
Incoming IPO · SpaceTech · United States · Apr 28
HawkEye 360 launched its IPO on the NYSE (ticker HAWK), aiming to raise $384-416M at a valuation of about $2.4B.
Musely $360M
Venture debt · Healthtech · United States · May 2
$360M in non-dilutive financing provided by General Catalyst to accelerate customer acquisition without giving up equity.
Notable M&A
Aleph Alpha
acquired by Cohere · Apr 27
Canada's Cohere acquires Aleph Alpha to create a global AI powerhouse; the Schwarz Gruppe plans another 500 million euros in the combined entity.
SC Media House
acquired by ECD International · Apr 29
ECD International takes a majority stake in influencer marketing agency SC Media House.
Manus
acquired by Meta · Apr 29
Meta completed the acquisition of Manus, a Singapore-based AI company (undisclosed value); China is attempting to retroactively block the deal by claiming jurisdiction over the technology.
Raicoon
acquired by Stem · Apr 30
US-based Stem acquires Vienna-based Raicoon to strengthen its PowerTrack platform; terms not disclosed.
Did you also notice
- The week's biggest raise: Ineffable Intelligence at $1.1B.
- Healthtech was the busiest sector with 10 rounds.
- Germany led on deal count with 18.