Venture Capital

Rigetti: Up To $100 Million U.S. Government Quantum Computing Research Deal

By Amit Chowdhry ● May 24, 2026

Rigetti Computing announced that it has signed a letter of intent with the U.S. Department of Commerce for an award of up to $100 million over three years to accelerate superconducting quantum computing research and development projects.

Corpay: $3.7 Billion Revolving Credit Facility Expansion Completed

By Amit Chowdhry ● May 24, 2026

Corpay announced it has completed a refinancing transaction that increases its revolving credit facility by $925 million to $3.7 billion and expands its Term Loan A by $420 million to $3.3 billion, with both facilities extended through new five year terms ending in 2031.

Yatsen: $120 Million Private Placement First Tranche Completed With Hillhouse Participation

By Amit Chowdhry ● May 24, 2026

Yatsen Holding Limited announced the completion of the first tranche of its previously announced private placement of RMB-denominated convertible senior notes and warrants, while also revealing participation from affiliates of Hillhouse in the transaction.

Pivot: $40 Million Series B Raised For Enterprise AI Procurement Operating System

By Amit Chowdhry ● May 24, 2026

Pivot announced it has raised $40 million in a Series B funding round, bringing the total amount raised since the company’s founding in 2023 to $70 million. The oversubscribed round was led by Forestay Capital and Notion Capital, with participation from Greyhound, procurement industry veterans, and existing investors including Hedosophia, Visionaries Club, and Emblem.

ICEYE: €300 Million Revolving Credit Facility Secured To Support Growth

By Amit Chowdhry ● May 24, 2026

ICEYE announced it has secured a €300 million three-year committed revolving credit facility (RCF) to support continued global expansion and strengthen financial flexibility.

Hilton Grand Vacations: $1 Billion Warehouse Facility Expanded And Consolidated

By Amit Chowdhry ● May 24, 2026

Hilton Grand Vacations announced the closing of an upsized and consolidated $1 billion revolving warehouse facility, strengthening the company’s financing platform and liquidity position.

Kordata Dynamics: AI-Powered Precision Clinical Trials Platform Launches With Pre-Seed Backing

By Amit Chowdhry ● May 23, 2026

Kordata Dynamics has emerged from stealth with the launch of an AI-powered precision clinical trials platform designed to improve the speed, quality, and accessibility of clinical research. The company also announced a pre-seed funding round backed by MAVRK Celestia Fund, Kern Venture Group, and Digital Neural Infrastructure Holdings (DNIH).

Dwight Capital: $619.5 Million In April Financings Led By Record $130 Million HUD Loan In Florida

By Amit Chowdhry ● May 23, 2026

Dwight Capital and its affiliate REIT, Dwight Mortgage Trust (DMT), closed $619.5 million in real estate transactions in April 2026, marking the firm’s highest-volume month of the year so far. The financings included major HUD-insured multifamily refinancings and pre-construction funding for a large-scale luxury condominium development in South Florida.

Spearmint Energy: About $450 Million Secured For 600 MWh Texas Battery Energy Storage Project

By Amit Chowdhry ● May 23, 2026

Spearmint Energy announced it has closed approximately $450 million in project financings to support Red Egret, a 300 MW / 600 MWh standalone battery energy storage system in Texas City, Texas. The project is expected to commence operations in 2027 and is designed to support grid reliability across ERCOT as electricity demand continues to rise.

Carmelo Anthony’s Creative 7 Productions: Strategic Partnership With Utopai Studios To Expand Sports And Entertainment IP

By Amit Chowdhry ● May 23, 2026

Carmelo Anthony, through his production company Creative 7, has become a strategic partner in Utopai Studios as the companies look to expand original sports and entertainment intellectual property development powered by cinematic AI technology.

PsiQuantum: $100 Million CHIPS Act LOI Signed To Advance Quantum Computing And Semiconductor Manufacturing

By Amit Chowdhry ● May 23, 2026

PsiQuantum announced it has signed a Letter of Intent with the U.S. Department of Commerce for $100 million in proposed federal incentives under the CHIPS and Science Act. The proposed funding is intended to strengthen American leadership in quantum computing and semiconductor manufacturing while advancing critical domestic technology supply chains.

NEXA Lending: Strategic Investment And Phased Acquisition Agreement With Copper Ridge Ventures

By Amit Chowdhry ● May 23, 2026

NEXA Lending announced a strategic investment and phased acquisition agreement with Copper Ridge Ventures (CRV), a mortgage joint venture holding company owned by Tim Owens. The partnership is designed to support NEXA’s broader strategy of working with experienced owner-operators to scale mortgage origination, marketing capabilities, joint venture formation, and operational infrastructure.

Cycles: $6.4 Million Raised To Build Open Clearing Network For On-Chain Finance

By Amit Chowdhry ● May 23, 2026

Cycles, a startup building an open and privacy-preserving clearing network for crypto markets and stablecoin payments, announced it has raised $6.4 million in funding led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures, and angel investors. The company said the round brings its total funding to $8.7 million following a $2.3 million pre-seed round in 2025.

PteroDynamics: Strategic Investment From ONE Bow River To Accelerate Transwing VTOL UAS Development

By Amit Chowdhry ● May 23, 2026

PteroDynamics, an innovator in autonomous vertical takeoff and landing aircraft systems, announced that ONE Bow River National Defense Fund has made a strategic growth investment in the company to accelerate the development, testing, and manufacturing of its Transwing VTOL unmanned aircraft systems.

Starlab: Strategic Investment From 1789 Capital Signals Confidence In Commercial Low-Earth Orbit Infrastructure

By Amit Chowdhry ● May 23, 2026

Starlab Space Stations and 1789 Capital announced a strategic investment by 1789 Capital into Starlab, the U.S.-led joint venture developing a next-generation commercial space station designed to support the post-International Space Station economy.

Bridgewest Ventures: NZ$60.2 Million Raised For New Zealand Deep-Tech Venture Fund

By Amit Chowdhry ● May 23, 2026

Bridgewest Ventures announced the successful first close of approximately NZ$60.2 million for Bridgewest Venture Fund I LP, positioning the firm as a gateway for offshore investors seeking exposure to New Zealand and Australia’s growing deep-technology ecosystem.

Ozak AI: $7.2 Million Raised Ahead Of Planned Exchange Listing Phase

By Amit Chowdhry ● May 23, 2026

Ozak AI announced it has raised more than $7.2 million as the blockchain- and artificial intelligence-focused crypto project nears its anticipated exchange listing phase.

Bangladesh Bank: $4.9 Billion Stimulus Package Unveiled As Economic Growth Slows

By Amit Chowdhry ● May 23, 2026

Bangladesh Bank announced a 600 billion taka ($4.9 billion) stimulus package aimed at reviving shuttered factories, supporting struggling businesses, and boosting employment as the country’s economic growth continues to slow, according to Reuters.

Sorted Wallet: $4.4 Million Raised To Expand Stablecoin Access Across Emerging Markets

By Amit Chowdhry ● May 23, 2026

Sorted Wallet, a lightweight stablecoin wallet designed for feature phones and low-end smartphones, announced a $4.4 million seed funding round led by Tether and Gnosis, with participation from Movement, Angel Invest, and angels including the founders of RWA.io.

Overwatch AI: $1.5 Million Raised To Reduce Flight Disruptions

By Amit Chowdhry ● May 23, 2026

Overwatch AI, a platform designed to help pilots, cabin crew, and aviation operations managers quickly access critical information and make faster operational decisions, announced it has raised $1.5 million in pre-seed funding.

Farther: $150 Million Series D Raised For Intelligent Wealth Management Platform

By Amit Chowdhry ● May 23, 2026

Farther, an intelligent wealth management platform, announced it has raised $150 million in Series D funding led by General Atlantic, with participation from existing investors.

Cycles: $6.4 Million Raised To Build Open Clearing Network For On-Chain Finance

By Amit Chowdhry ● May 23, 2026

Cycles, a startup building an open, privacy-preserving clearing network for crypto markets and stablecoin payments, announced it has raised $6.4 million in funding led by Blockchange Ventures, with participation from Coinbase Ventures, Compound VC, Primitive Ventures, and angel investors. The company said the latest round brings its total funding to $8.7 million following a $2.3 million pre-seed round in 2025.

Shatterdome Energy: $3.5 Million Raised To Build AI-Powered Energy Trading Platform

By Amit Chowdhry ● May 23, 2026

Shatterdome Energy, an AI-driven energy trading and intelligence startup, emerged from stealth with $3.5 million in pre-seed funding to develop a platform designed to help renewable energy operators, utilities, and large power consumers navigate increasingly volatile electricity markets. The round was led by Crucible Capital, with participation from Transpose Platform and Entrepreneurs First.

Vêtir: $5.5 Million Series A Raised At $150 Million Valuation For AI Luxury Fashion Platform

By Amit Chowdhry ● May 23, 2026

Vêtir, an AI-powered luxury wardrobe operating system focused on transforming how consumers get dressed, shop, and manage their wardrobes, announced the successful first close of its Series A financing, raising $5.5 million at a $150 million valuation.

CTC Global Solutions: Pre-Seed Funding Raised To Expand GovCon Platform BIDBridgeVen

By Amit Chowdhry ● May 23, 2026

CTC Global Solutions announced the completion of its first pre-seed funding round with Elevate Ventures to support the expansion of BIDBridgeVen, an operating system designed for government contract bidders.

Stellus Capital: $1.5 Billion Stellus Credit Fund IV Closes At Fundraising Target

By Amit Chowdhry ● May 23, 2026

Stellus Capital Management announced the final close of Stellus Credit Fund IV (SCF IV), with the firm reaching its fundraising target and securing approximately $1.5 billion of investable capital. SCF IV is the successor to Stellus Credit Fund III and officially closed on April 1, 2026. The fund has already invested in 44 portfolio companies.

PGIM: $260 Million Deployed As Real Estate Fund Completes 10th Property Acquisition

By Amit Chowdhry ● May 23, 2026

PGIM announced that the PGIM Real Estate Fund completed its 10th property acquisition with the purchase of The Arbor, a 127-unit residential community located in the Riverdale neighborhood of the Bronx, New York, at a gross capitalization of $73.5 million.

American Express And Main Street America Awards $10+ Million To Over 500 Small Businesses Through Shop Small Grants Program

By Amit Chowdhry ● May 23, 2026

American Express and Main Street America announced the recipients of the Amex Shop Small Grants Program, awarding more than $10 million in funding to over 500 small businesses across the United States. Each selected business received a $20,000 grant to support growth initiatives, innovation efforts, and community impact programs.

Tribal: $10 Million Seed Raised For Context-Aware AI Agents For Enterprise Systems

By Amit Chowdhry ● May 23, 2026

Tribal announced a $10 million seed round to expand its enterprise-native AI platform designed to help organizations deploy context-aware AI agents across complex enterprise systems. The funding round was led by Team8, with participation from DYDX Capital and a group of angel investors, including enterprise software founders with exits tied to the Salesforce ecosystem and other enterprise technology markets.

Hardline: $2 Million Pre-Seed Raised To Build VoiceOps For Construction

By Amit Chowdhry ● May 23, 2026

Hardline AI, a voice-first construction technology company, announced a $2 million pre-seed funding round led by Mucker Capital to build what it describes as “VoiceOps” infrastructure for the construction industry. The company said the funding will support product development, integrations with construction software platforms, and go-to-market expansion across the commercial and residential construction sectors.