Kim Kardashian Reacquires Coty's 20% Stake In SKKN By Kim For $200 Million

Kim Kardashian has repurchased Coty's 20% stake in her beauty brand, SKKN by Kim, which she sold in 2020 for $200 million. The acquisition allows her to fold the brand under her successful SKIMS empire, expanding its portfolio into beauty, skincare, and fragrance. Kim, who founded SKKN by Kim (formerly KKW Beauty) in 2017, said the move aligns with her mission to create transformative products. SKIMS CEO Jens Grede emphasized that the acquisition reflects the brand’s strength and readiness to enter new categories. Coty retains its 51% stake in Kylie Cosmetics, founded by Kim’s sister Kylie Jenner. HQ: #LosAngeles #California #VentureCapital #KimKardashian #SKKNbyKim #TradedVC

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PixVerse Secures $439 Million In Series C Funding At $2 Billion Valuation From Investors Including AlibabaPixVerse, a Singapore-based AI video-generation startup founded in 2023 by Wang Changhu and Jaden Xie, has closed a Series C extension that brings the total raised in the round to $439 million and pushes the company’s valuation above $2 billion. The new funding, backed by investors including Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, and CloudAlpha, will support expansion of PixVerse’s world-model technology and global customer reach. The company offers video-generation and world-building AI models, serves more than 150 million registered users, and plans to hire additional researchers and go-to-market staff as it rolls out new video and world-model products. FOUNDERS: Wang Changhu & Jaden Xie INVESTORS: Alibaba, Lollapalooza Capital, Ivy Capital, Grand Mount Capital, Eastern Bell Capital, Mirae Asset, BlueFocus, CloudAlpha, iGlobe Partners, Lion X Ventures & CDH Investments ROUND: Series C AMOUNT: $439,000,000 VALUATION: $2,000,000,000 HQ: Singapore #VentureCapital #PixVerse #WangChanghu #JadenXie #TradedVC

Flex Raises $70 Million In Series B1 Funding At $1.2 Billion Valuation Led By Halo FundFlex, the AI-native private banking platform for high-net-worth business owners, has raised a $70 million Series B1 at a $1.2 billion valuation, led by Halo Fund, bringing its total equity funding to $180 million. The raise comes just six months after its previous $60 million Series B and will support the launch of Flex Global, a new platform that enables banking, payments, and private credit services across more than 100 countries using stablecoin-powered infrastructure. Founded and led by CEO Zaid Rahman, Flex has seen annualized revenue triple since its last funding round and now processes more than $10 billion in annualized payment volume as it expands its suite of business and personal financial products for globally operating business owners. FOUNDER: Zaid Rahman INVESTORS: Halo Fund, Portage Ventures, Wellington, Crosslink Capital, 53 Stations, Titanium Ventures, Spice & Florida Funders ROUND: Series B1 AMOUNT: $70,000,000 VALUATION: $1,200,000,000 HQ: San Francisco, California #VentureCapital #Flex #ZaidRahman #TradedVC

Valarian Raises $50 Million Series A From NEA To Enhance Control Over AI SystemsValarian, a London-based startup building software that gives governments and enterprises greater control over AI systems and data, raised a $50 million Series A led by NEA, bringing total funding to $70 million and marking NEA’s first defense and dual-use investment in Europe. The company argues that reliance on U.S. cloud providers creates sovereignty risks under laws like the U.S. CLOUD Act, and positions its ACRA platform as a way for customers to retain control of sensitive data and AI operations amid growing geopolitical and regulatory concerns. FOUNDERS: Max Buchan & Josh McLaughlin INVESTORS: NEA, XTX, Lightbank, Sequel, Litquidity, and angels including Gokul Rajaram and Nikesh Arora ROUND: Series A AMOUNT: $50,000,000 HQ: London, United Kingdom #VentureCapital #Valarian #MaxBuchan #JoshMcLaughlin #TradedVC