A quick read on the week, 24 deals and $4.8B raised. The highlights, not the whole list.
Kling AI is close to completing a roughly 3 billion dollar financing round with Tencent among the investors, which would value the Kuaishou video generation platform near 18 billion dollars ahead of a possible spin-off and IPO.
Quantum Systems signed a 1 billion euro Series D that more than doubled its valuation to around 7 billion euros. The round was co-led by Blackstone, Noteus, Airbus and Advent with numerous institutional and existing investors.
IQM went public on Nasdaq and the Helsinki Stock Exchange, raising 127 million euros in PIPE financing alongside the listing. Participants included Tesi, with Ilmarinen, Elo and Varma among shareholders at listing.
InSoil secured a senior secured credit facility from Pollen Street Capital to expand its regenerative agriculture lending to European farmers, backed by an EIF guarantee.
Openchip secured a large investment from Spain's state technology transformation body SETT to accelerate the design of its AI and HPC chips.
OSN Streaming, which already owns about 67 percent of Anghami, submitted a preliminary non-binding proposal to buy all remaining shares at 3.39 dollars per share in cash and take the company private. No final agreement has been reached.