Letta Secures $10 Million Seed Funding Led By Felicis Ventures At $70 Million Valuation

Letta, an AI startup founded by Berkeley PhD students Sarah Wooders and Charles Packer, has emerged from stealth with $10 million in seed funding led by Felicis at a $70 million post-money valuation. Letta's technology, based on the open-source project MemGPT, helps AI models remember users and conversations over time, addressing a key issue with large language models (LLMs). Backed by prominent investors like Google’s Jeff Dean and Hugging Face’s Clem Delangue, Letta is positioning itself as an open-source alternative to proprietary AI solutions. INVESTORS: Felicis Ventures, Jeff Dean, Clem Delangue, Cristóbal Valenzuela & Robert Nishihara ROUND: Seed AMOUNT: $10,000,000 HQ: #Berkeley #California #VentureCapital #Letta #FelicisVentures #JeffDean #ClemDelangue #CristóbalValenzuela #RobertNishihara #TradedVC

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Tabby Raises $233 Million In Series F Round Led By Blue Pool Capital At $6.5 Billion ValuationTabby, a Saudi Arabia-headquartered fintech, raised $233 million in a Series F round at a $6.5 billion valuation, surpassing publicly traded rival Klarna’s roughly $5.2 billion market cap. Led by Blue Pool Capital with participation from HSG, Wellington Management and Arbor Ventures, the round brings Tabby’s valuation up from $4.5 billion in October 2025 and will fund its expansion beyond BNPL into consumer and SME lending, digital wallets, accounts, cards and money transfers. CEO and co-founder Hosam Arab said Tabby is profitable and processes more than $18 billion in annualized transaction volume across 25 million users and 70,000 business partners. FOUNDERS: Hosam Arab & Daniyal Bhokari INVESTORS: Blue Pool Capital, HSG, Wellington Management, Arbor Ventures & Mubadala ROUND: Series F AMOUNT: $233,000,000 VALUATION: $6,500,000,000 HQ: Riyadh, Saudi Arabi #VentureCapital #Tabby #HosamArab #DaniyalBhokari #TradedVC

Volition Capital Closes $950 Million Fund VI For Founder-Owned Technology InvestmentsVolition Capital, a Boston-based growth equity firm, has closed its sixth fund, Volition Capital Fund VI, at its $950 million hard cap, bringing the firm’s total assets under management to more than $2.6 billion. The oversubscribed fund will back founder-owned technology companies across B2B software, internet and consumer sectors, with a focus on capital-efficient businesses navigating AI-driven growth. Managing Partners Roger Hurwitz, Larry Cheng and Sean Cantwell lead the firm, which has invested in more than 60 companies since its 2010 founding. FOUNDERS: Larry Cheng, Roger Hurwitz & Sean Cantwell. FUND NAME: Volition Capital Fund VI AMOUNT: $950,000,000 HQ: Boston, Massachusetts #VentureCapital #VolitionCapital #LarryCheng #TradedVC