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June 23, 2025 - Deals
Every Raises $2M In Seed Funding From Reid Hoffman StartingLine VC And Will England
Every, a New York City-based multi-modal media company, raised $2M in seed funding to expand its operations and offerings. The round was co-led by Reid Hoffman and StartingLine VC, with participation from Will England of Walleye Capital. Founded in 2020 by CEO Dan Shipper, Every publishes a daily newsletter exploring the future of technology and also creates podcasts, videos, software products, courses, and offers AI consulting and training services.
INVESTORS: Reid Hoffman, StartingLine VC & Will England
ROUND: Seed
AMOUNT: $2,000,000
HQ: #NewYork #NY #NewYorkCity #NYC
#VentureCapital #Every #DanShipper #ReidHoffman #StartingLineVC #WillEngland #TradedVC
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L Catterton Invests In HYROX Valuing Fitness Platform At $700 MillionHYROX IS NOW WORTH NEARLY $700M
L Catterton has closed its investment in HYROX in a deal reportedly valuing the global fitness racing platform at ~€600M ($700M).
The transaction sees founders Christian Toetzke and Moritz Fürste regain majority control, with L Catterton and Jeffrey Katzenberg and Sujay Jaswa’s WndrCo joining as partners.
Founded in Hamburg in 2017, HYROX has grown into one of the world's fastest-growing sports platforms.
In the 2025/26 season alone:
• 1.4M+ participants
• 1.5M+ spectators
• 100+ events globally
Now, HYROX is setting its sights even higher, including a long-term push for Olympic recognition.
From a single race in Hamburg to a nearly $700M global fitness brand in under a decade.
Cognition AI Secures $2 Billion Investment Led By Andreessen Horowitz At $48 Billion ValuationCognition AI, the startup behind AI coding agent Devin, has raised more than $2 billion at a $48 billion valuation in a round led by new investors Andreessen Horowitz and Accel, alongside existing backers Founders Fund, General Catalyst and Avenir. The AI company said run-rate revenue has nearly doubled from $492 million to about $900 million since its May round, with growing adoption of its Devin software agent across customers including NVIDIA, GE Aerospace, Citi, Mercedes-Benz AG and Modal.
FOUNDERS: Scott Wu, Steven Hao & Walden Yan
INVESTORS: Andreessen Horowitz, Accel, Founders Fund, General Catalyst, Avenir, Benchmark, Bessemer Venture Partners, Kleiner Perkins, Greylock Partners, Lightspeed, Altimeter, Bond Capital, Meritech, Atreides Management, Valor Equity Partners, T. Rowe Price, Lux Capital, 8VC, D1 Capital Partners, 137 Ventures, DST, Positive Sum, HOF Capital, Soma Capital, BOX Group, Ribbit Capital, Swish Ventures, Stripes, Definition, Hanabi Capital, Bain Capital Ventures, Layer Global, A*, Alpha Wave Global, Alkeon Capital, Diffusion, NVIDIA
AMOUNT: $2,000,000,000
VALUATION: $48,000,000,000
HQ: San Francisco, California
#VentureCapital #CognitionAI #ScottWu #AndreessenHorowitz #TradedVC
Celero Communications Raises $275 Million In Series C Funding Led By Atreides ManagementCelero Communications, an Irvine, California-based AI networking chip startup, raised $275 million in Series C funding at a valuation of more than $3 billion, bringing its total capital raised to $415 million. The round was co-led by Atreides Management, Valor Equity Partners, and CapitalG, with participation from existing investors Sutter Hill Ventures and Maverick Silicon. Founded in 2024 by industry veterans from Marvell, Inphi, Broadcom, and ClariPhy, Celero develops coherent digital signal processors that enable faster data transmission for AI systems over fiber-optic networks, and will use the new funding to accelerate product development, R&D and production readiness.
FOUNDERS: Nariman Yousefi & Oscar Agazzi
INVESTORS: Atreides Management, Valor Equity Partners, CapitalG, Sutter Hill Ventures & Maverick Silicon
ROUND: Series C
AMOUNT: $275,000,000
VALUATION: $3,000,000,000
HQ: Irvine, California
#VentureCapital #CeleroCommunications #NarimanYousefi #OscarAgazzi #TradedVC