Crosby Secures $20 Million In Series A Funding Led By Index Ventures And Bain Capital Ventures

Crosby, the New York-based AI-enabled law firm founded by Ryan Daniels and John Sarihan, has raised $20 million in Series A funding co-led by Index Ventures and Bain Capital Ventures, with participation from Elad Gil, Sequoia, Cooley, and Stripe CEO Patrick Collison. Founded by lawyer-turned-entrepreneur Ryan Daniels, Crosby combines proprietary AI technology with in-house legal expertise to dramatically accelerate contract review and negotiation—helping fast-growing startups like Cursor, Clay, and Unify close deals faster. The new funding will enable Crosby to further enhance its automation capabilities and expand its customer base, continuing its mission to make legal work as fast and efficient as the rest of the modern startup stack. INVESTORS: Index Ventures, Bain Capital Ventures, Elad Gil, Sequoia, Cooley & Patrick Collison ROUND: Series A AMOUNT: $20,000,000 HQ: #NewYork #NY #NewYorkCity #NYC #VentureCapital #Crosby #IndexVentures #BainCapitalVentures #EladGil #Sequoia #Cooley #PatrickCollison #TradedVC

More Deals

View All

Brookfield Asset Management And CPP Investments Acquire LXP Industrial Trust For $5.2 BillionBrookfield Asset Management and Canada Pension Plan Investment Board (CPP Investments) have agreed to acquire LXP Industrial Trust in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity, taking the industrial REIT private upon closing. Under the deal, LXP shareholders will receive $61.20 per share in cash, representing significant premiums to the company’s recent trading averages. LXP owns a portfolio of roughly 53 million square feet of warehouse and logistics properties across key U.S. Sunbelt and Midwest markets. LXP Chairman and CEO Thomas W. Eglin, Jr. described the transaction as the culmination of the company’s transformation into a pure-play industrial REIT, while Brookfield Real Estate CEO Lowell Baron said the acquisition aligns with Brookfield’s strategy of investing in high-quality real estate with durable cash flows and value-creation opportunities through active asset management. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder approval and customary conditions. SALE PRICE: $5,200,000,000 #VentureCapital #BrookfieldAssetManagement #CanadaPensionPlanInvestmentBoard #LXPIndustrialTrust #TradedVC

The Portal Raises $5 Million Seed Round Led By Investors Tim Ferriss And Matt MullenwegThe Portal, a membership club focused on human flourishing, has raised $5 million in a seed round to fund the launch of its second location in downtown Austin. Founded by Anwen Baumeister (CEO & Co-Founder) and Tim Chang (CFO & Co-Founder), the company will use the capital to open a 15,000-square-foot flagship space at 601 Rio Grande, expanding its wellness-, creativity-, and community-driven concept beyond its original Marin/San Francisco location. The round drew participation from a broad group of investors and cultural figures, including Tim Ferriss, Matt Mullenweg, and others. FOUNDERS: Anwen Baumeister & Tim Chang INVESTORS: Tim Ferriss, Emmet Peppers, Jacqui Bishop, Mimi Aye, Ankush Gera, Kwiri Yang, Shaunda Brown, Ben Arnberg, Spencer Kaye, Manish Chandra, Ravi Bhojwani, Zander Rafael, Michael Solomon, Joshua Douglas, Matt Movalson, Matt Eggers, Michael Fishman, Elaine Glass, Melissa Taunton, Scott Faber, Matt Mullenweg, Vishal Gurbuxani, Linea Avey, Aneil Mallavarapu, Michael Heinrich, Andrew Boggs & JP Newman ROUND: Seed AMOUNT: $5,000,000 VALUATION: $24,000,000 HQ: Austin, Texas #VentureCapital #ThePortal #TradedPartner #AnwenBaumeister #TimChang #TradedVC

Netflix Acquires AI Filmmaking Startup InterPositive For $587 MillionNetflix confirmed that it paid approximately $587 million in cash to acquire InterPositive, the AI filmmaking startup founded by Ben Affleck, according to a recent SEC filing. Founded in 2022 and previously operating largely in stealth mode as Fin Bone LLC, InterPositive developed AI-powered post-production tools that help filmmakers correct continuity issues, enhance visual effects, relight scenes, and streamline editing workflows without generating content from scratch. As part of the acquisition, the entire InterPositive team joined Netflix, while Affleck will remain involved as a senior technology adviser. The confirmed purchase price aligns closely with earlier reports that valued the deal at up to $600 million, making it one of Netflix’s largest acquisitions as the company continues expanding its use of AI across film and television production. SALE PRICE: $587,000,000 HQ: Los Gatos, California #VentureCapital #Netflix #BenAffleck #InterPositive #TradedVC