GPx Raises $500 Million To Support Emerging VCs And Lead Later-Stage Investments

GPx, the new venture firm co-founded by Brian Singerman (former Founders Fund GP) and Lee Linden (co-founder and managing partner of Quiet Capital), is raising over $500 million for a fresh twist on the VC model. With backing likely from Founders Fund co-founder Peter Thiel, GPx combines a partial fund-of-funds approach — investing about 20% into emerging VCs at the pre-seed and seed stages — while reserving the rest to partner with these managers to lead later-stage investments in their breakout companies. Singerman and Linden’s strategy aims to help nimble new VCs scale their best bets, overcoming the pro-rata funding squeeze many early-stage investors face. AMOUNT: $500,000,000 #VentureCapital #GPx #LeeLinden #BrianSingerman #PeterThiel #TradedVC

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Ferrero Acquires Purely Elizabeth For Estimated $850 MillionPurely Elizabeth started with homemade muffins and a $5,000 bet from founder Elizabeth Stein. More than a decade later, the better-for-you food brand has grown to 30,000+ stores and is being acquired by Ferrero for an estimated $850M+. Stein built the company slowly, waiting years before raising outside capital and expanding from Whole Foods into Target and Walmart. Now, she’ll remain CEO as Purely Elizabeth enters its next chapter under Ferrero. A founder-led food brand, built without rushing the process. #VentureCapital #PurelyElizabeth #ElizabethStein #CPG #TradedVC

NVent Electric Acquires Maverick Power For $1.75 Billion To Enhance Power InfrastructurenVent Electric has agreed to acquire Maverick Power for $1.75 billion, with up to $550 million in additional performance-based consideration, as it expands its power infrastructure capabilities to meet rising AI data center demand. The McKinney, Texas-based manufacturer of engineered power distribution solutions, which is expected to generate about $700 million in revenue this year, will strengthen nVent’s offerings across switchgear, switchboards, and modular solutions; nVent CEO Beth Wozniak said the deal will enhance the company’s ability to serve data center customers. SALE PRICE: $1,750,000,000 HQ: St. Louis Park, Minnesota #VentureCapital #nVentElectric #MaverickPower #TradedVC