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June 14, 2023 - Deals
Monark Markets Acquires LEX Markets' Software And Legal IP For $1 Million
ACQUISITION
IMAGE: Ben Haber (@BennyHabes) & Caleb Benedict (@Caleb_Benedict_)
DATE: 05/23/2023
BUYER: Monark Markets
SELLER: LEX Markets
SALE PRICE: $1,000,000
NOTE: Monark Markets has acquired LEX Markets’ software and legal IP for $1 million via an assignment for the benefit of creditors (ABC) auction that closed mid-May of 2023. Monark intends to build the foundation for the future of alternative assets trading. Monark co-founder Ben Haber had the following to say on the transaction: “Just like how NASDAQ opened up liquid capital markets for smaller cap and growth stocks in the 1970s, Monark is going to open up those capital markets for alternative assets. We’ve just acquired what may be the most advanced technological IP on the market for this mission – that ironically had previously been built in partnership with NASDAQ – to facilitate secondary trading for private market securities”. Monark has sized the market cap for potential listings at more than $10B, with an expected growth rate of 45%+.
#VentureCapital #BenHarber #CalebBenedict #MonarkMarkets #LexMarkets #TradedVC
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Lemma Raises $2.3 Million Pre-Seed Round Backed By Y Combinator And Other InvestorsLemma, a San Francisco-based AI agent observability startup, has raised a $2.3 million pre-seed round backed by Matrix, Y Combinator, Liquid 2 Ventures, and investors from OpenAI, xAI, Meta, and DoorDash. Founded in 2025 by Jerry Zhang and Cole Gawin, Lemma monitors more than 1 million AI agent traces daily to detect silent failures, identify root causes, and suggest fixes directly in the codebase. The company is targeting a growing problem in AI: agents that appear to work in testing but quietly fail in production.
FOUNDERS: Jerry Zhang and Cole Gawin
INVESTORS: Matrix, Y Combinator, Liquid 2 Ventures, Vermilion Cliffs Ventures, Irregular Expressions, Cervin Ventures, Comma Capital, Position Ventures, Eight Capital & angels from OpenAI, xAI, Meta and DoorDash
ROUND: Pre-Seed
AMOUNT: $2,300,000
HQ: San Francisco, California
#VentureCapital #Lemma #AI #TradedVC #AIInfrastructure
Vals AI Raises $40 Million In Series A Funding Led By Andreessen Horowitz At $400 Million ValuationVals AI raised $40 million in a Series A at a $400 million valuation, led by Andreessen Horowitz, with existing backers 8VC, Pear VC and Bloomberg Beta returning alongside new investors HRT Ventures and Next Ladder Ventures. Founded by CEO Rayan Krishnan and CTO Langston Nashold, the San Francisco startup is building an independent AI evaluation platform that uses private, domain-specific tests to measure models on real-world work. Vals says revenue grew eightfold in 2025, while its customer base doubled and team tripled in six months.
FOUNDERS: Rayan Krishnan & Langston Nashold
INVESTORS: Andreessen Horowitz, 8VC, Pear VC, Bloomberg Beta, HRT Ventures & Next Ladder Ventures
ROUND: Series A
AMOUNT: $40,000,000
VALUATION: $400,000,000
HQ: San Francisco, California
#VentureCapital #ValsAI #RayanKrishnan #LangstonNashold #TradedVC
Opendoor Technologies Raises $650 Million To Fund Share Repurchase And Growth InitiativesOpendoor Technologies raised $650 million through zero-coupon convertible senior notes to fund its first-ever share repurchase, with CEO Kaz Nejatian calling the move a vote of confidence in the company’s stock and business outlook. The company plans to use about $158 million to buy back roughly 45.3 million shares, while allocating the remaining proceeds toward growth initiatives, home purchases, and corporate purposes as it works toward profitability by the end of 2026.
FOUNDERS: Eric Wu, Keith Rabois, Ian Wong & JD Ross
INVESTORS: Khosla Ventures, Access Industries, General Atlantic, SoftBank Group, Fifth Wall Ventures, Norwest Venture Partners, SV Angel, 500 Startups, GV & Andreessen Horowitz
AMOUNT: $650,000,000
HQ: Tempe, Arizona
#VentureCapital #OpendoorTechnologies #KazNejatian #TradedVC