Ysios Capital launches €100M fund to build biotech companies from Spanish science
Ysios Capital launches €100M fund to build biotech companies from Spanish science

Spain’s largest life sciences VC is moving upstream with InceptionBio, its first fund dedicated to the riskiest stage of biotech: company creation from university and research centre spinouts. CDTI is an anchor LP. The target is at least three new comp…

OpenAI backs a nine-month-old startup building swarms of AI agents at a $650 million valuation
OpenAI backs a nine-month-old startup building swarms of AI agents at a $650 million valuation

Isara, a San Francisco startup that is building software to coordinate thousands of AI agents on complex analytical tasks, has raised $94 million at a $650 million valuation, with OpenAI among the investors. The company was founded nine months ago by t…

Blossom Health raises $20 million to put AI copilots alongside psychiatrists
Blossom Health raises $20 million to put AI copilots alongside psychiatrists

Blossom Health, a New York-based telepsychiatry startup founded in 2024, has raised $20 million in combined seed and Series A funding to scale an AI-powered platform that pairs psychiatrists with clinical copilots and automated administrative support. …

SoftBank secures $40B bridge loan to fund its OpenAI bet
SoftBank secures $40B bridge loan to fund its OpenAI bet

The unsecured facility, arranged with JPMorgan Chase, Goldman Sachs, Mizuho, SMBC and MUFG, matures in March 2027. Once SoftBank’s $30B follow-on investment in OpenAI closes, its cumulative stake will total approximately $64.6B, representing roughly 13…

Shield AI raises $2 billion to scale its autonomous combat pilot Hivemind
Shield AI raises $2 billion to scale its autonomous combat pilot Hivemind

Shield AI, the San Diego defence technology company behind the autonomous pilot system Hivemind, announced on Wednesday that it has raised $2 billion in combined funding at a $12.7 billion valuation. The company will use part of the proceeds to acquire…

London’s Granola raises $125M to turn meeting recordings into enterprise AI infrastructure
London’s Granola raises $125M to turn meeting recordings into enterprise AI infrastructure

Granola, the London-based AI meeting app that records conversations without dropping a bot into the call, has raised $125 million in a Series C round led by Danny Rimer at Index Ventures, with participation from Mamoon Hamid at Kleiner Perkins. The rou…

Halter raises $220M at $2 billion valuation as virtual fencing for cattle goes global
Halter raises $220M at $2 billion valuation as virtual fencing for cattle goes global

A cow wearing a GPS collar doesn’t sound like a $2 billion idea. But for the ranchers who have strung virtual fences across 60,000 miles of American pastureland in under two years, it apparently is. Halter, the New Zealand-born agtech company, announce…

Credo Ventures closes $88M fifth fund to stay the first cheque for CEE’s most ambitious founders
Credo Ventures closes $88M fifth fund to stay the first cheque for CEE’s most ambitious founders

The Prague and Krakow firm, whose earliest bets include UiPath and ElevenLabs, is doubling down on pre-seed in Central and Eastern Europe and its global diaspora, with a six-partner team and a $1–5M typical cheque. Credo Ventures has closed Credo Stage…

360 Capital raises €85M for deeptech fund backed by European defence prime
360 Capital raises €85M for deeptech fund backed by European defence prime

The Paris-Milan VC’s new vehicle is the latest sign that European investors are hardwiring defence into their deeptech strategy. There is a version of this story that could have been told three years ago and would have raised eyebrows in polite Europea…

Air Street Capital’s $232m fund is now Europe’s biggest solo GP raise
Air Street Capital’s $232m fund is now Europe’s biggest solo GP raise

For most of the past decade, the received wisdom in European venture capital was simple enough: if you wanted a serious fund, you needed a partnership. The large teams, the committee structures, the distributed decision-making, these were treated not m…