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May 28, 2025 - Deals
L Catterton Raises $11 Billion In Latest Fundraising Cycle With Diverse Institutional Backing
L Catterton, a global consumer-focused investment firm headquartered in Greenwich, Connecticut, has raised approximately $11 billion in its latest fundraising cycle, bringing its total equity capital under management to over $37 billion. The raise includes final closes for L Catterton Partners X, Growth V, and Europe V, as well as new onshore funds in Japan and China and the first close of L Catterton Credit. Led by Global CEO Scott Dahnke and Co-Founder and Executive Chair Michael Chu, the firm received backing from a diverse group of institutional investors. Founded in 1989, L Catterton has made over 300 investments across consumer sectors globally.
AMOUNT: $11,000,000,000
HQ: #Greenwich #Connecticut
#VentureCapital #LCatterton #MichaelChu #ScottDahnke #TradedVC
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Porsche Partners With Tata Consultancy On €1.25 Billion AI Transformation DealPorsche is making a €1.25 billion bet on AI.
The automaker is partnering with Tata Consultancy Services on a five-year deployment spanning engineering, manufacturing, operations, and customer experience, while also selling its MHP subsidiary to TCS for €320 million.
The deal includes the creation of a dedicated AI Mobility Centre of Excellence and brings MHP’s 4,500 employees into the broader TCS ecosystem.
One of Europe’s most iconic industrial brands is going all-in on AI infrastructure and outsourcing part of the transformation to one of the world’s largest technology services firms.
The next major AI adoption wave may not come from Silicon Valley. It may come from the world’s largest industrial companies.
Blank Street Raises $105 Million In Series B Funding Led By General AtlanticBrooklyn-based coffee chain Blank Street has raised $105 million in new funding, including a $75 million Series B led by General Atlantic and $30 million in secondary capital, valuing the company at about $650 million. The six-year-old chain, which now operates more than 100 locations, will use the fresh capital to expand into affluent parts of California, including Beverly Hills, West Hollywood and Malibu, as it broadens beyond its coffee-focused roots into an all-day brand centered on coffee, matcha, snacks and ice cream.
FOUNDERS: Issam Freiha & Vinay Menda
INVESTORS: General Atlantic, Left Lane Capital, General Catalyst & Tiger Global
ROUND: Series B
AMOUNT: $105,000,000
VALUATION: $650,000,000
HQ: Brooklyn, New York
#VentureCapital #BlankStreet #IssamFreiha #VinayMenda #TradedVC
Micron Technology Launches $250 Million Venture Fund To Support AI StartupsMicron Technology has launched a $250 million Micron Ventures Paradigm Fund, its third and largest venture fund, bringing its total venture capital commitment to $550 million. The fund will back startups across AI model architecture, data infrastructure, in-memory computing, networking, enterprise AI and robotics, alongside Micron’s separate $10 billion, decade-long research initiative modeled after Bell Labs; CEO Sanjay Mehrotra announced both efforts as part of the company’s push to make memory a core pillar of AI infrastructure.
FOUNDERS: Ward Parkinson, Joe Parkinson, Dennis Wilson and Doug Pitman
AMOUNT: $250,000,000
HQ: Boise, Idaho
#VentureCapital #MicronTechnology #MicronVenturesParadigmFund #TradedVC