Venture Capital

Spicenet Raises $5 Million Series A Led By dao5

By Amit Chowdhry ● Oct 29, 2026

Spicenet has raised a $5 million Series A funding round led by dao5, bringing total funding for the on-chain financial infrastructure company to $8 million. Babylon and Astrarizon also participated in the Series A. The financing follows a previous $3 million seed round co-led by Hack VC and Magnus Capital.

Mubadala Capital: Apollo Takes Minority Stake As Strategic Investors Commit $5 Billion

By Amit Chowdhry ● Oct 29, 2026

Mubadala Capital has secured a strategic investment from Apollo as the Abu Dhabi-based alternative asset manager looks to expand its investor base, investment strategies, and global reach.

PGIM, LGT Capital Partners, And Tree Line Capital Close $680 Million Private Credit Continuation Vehicle

By Amit Chowdhry ● Oct 29, 2026

PGIM, LGT Capital Partners, and Tree Line Capital Partners have closed a $680 million private credit continuation vehicle focused on a diversified portfolio of U.S. lower middle-market loans.

Installed Building Products Closes $250 Million Incremental Term Loan B

By Amit Chowdhry ● Oct 29, 2026

Installed Building Products has closed a $250 million increase to its existing Term Loan B, bringing the total outstanding principal amount of the facility to approximately $740 million.

Archera Raises $15 Million Series C Led By Pivot Investment Partners

By Amit Chowdhry ● Oct 29, 2026

Archera has raised $15 million in Series C funding to expand its insurance-backed cloud commitment platform as the company surpasses approximately $5.6 billion in annual cloud and AI spending under management. The round was led by Pivot Investment Partners, with participation from existing investors including HighSage Ventures. The financing brings Archera’s total funding to $38.3 million.

Covalent Equity Partners Invests In AML Analytics To Expand AI-Powered Financial Crime Testing

By Amit Chowdhry ● Oct 29, 2026

AML Analytics has secured a growth investment from Covalent Equity Partners to expand its financial crime testing platform, accelerate AI-powered product development, and grow its international presence.

TempusDirect Secures Strategic Investment From Aldrich Capital Partners

By Amit Chowdhry ● Oct 29, 2026

TempusDirect has secured a strategic investment from Aldrich Capital Partners to accelerate the growth of its technology-enabled claims cost containment platform for the U.S. property and casualty insurance industry.

Kalshi Raises $1 Billion Series G At $40 Billion Valuation For Prediction Market Platform

By Amit Chowdhry ● Oct 29, 2026

Kalshi has raised $1 billion in Series G funding at a $40 billion post-money valuation as the prediction market company expands into a broader range of financial products and international markets. The round was co-led by Wellington and Sequoia. Additional investors included Baillie Gifford, Stripes, Andreessen Horowitz, Coatue, Layer Global, Morgan Stanley Investment Management, Sequoia Global Equities, CapitalG, Hudson River Trading, and Balyasny Asset Management.

Firehawk Defense Raises More Than $150 Million Series D At Over $1.4 Billion Valuation

By Amit Chowdhry ● Oct 29, 2026

Firehawk Defense has raised more than $150 million in an upsized and oversubscribed Series D financing at a valuation exceeding $1.4 billion as the defense technology company expands U.S. propulsion and energetics manufacturing.

PROG Holdings Plans $100 Million Accelerated Share Repurchase And Expands Authorization To $500 Million

By Amit Chowdhry ● Oct 29, 2026

PROG Holdings plans to enter into a $100 million accelerated share repurchase agreement as the fintech holding company increases the amount available under its broader stock repurchase authorization.

RCG Ventures Closes Fund VIII At $515 Million Above Target

By Amit Chowdhry ● Oct 29, 2026

RCG Ventures has closed RCG Ventures Fund VIII with $515 million in capital commitments, exceeding the real estate investment firm’s fundraising target.

RedBird Capital Partners And Sound Ventures Form $1 Billion Strategic Investment Partnership

By Amit Chowdhry ● Oct 29, 2026

RedBird Capital Partners and Sound Ventures have formed a strategic partnership that will deploy $1 billion in investment capital into emerging companies at the intersection of technology, media, and culture.