Metropolis Technologies Closes $500 Million Series D Led By LionTree With $1.6 Billion Capitalization

Metropolis Technologies, Inc., a Los Angeles–based applied AI company, closed a $1.6 billion capitalization that included a $1.1 billion Term Loan B arranged by JP Morgan Chase Bank, N.A., and a $500 million Series D led by a fund managed by LionTree, with participation from BDT & MSD Partners’ affiliated credit funds, DFJ, Eldridge Industries, Slow Ventures, SoftBank Vision Fund 2, Tekne Capital, and Vista. Led by CEO and co-founder Alex Israel, the company plans to expand into new verticals and markets, scaling its AI platform into retail and hospitality. Metropolis’ computer vision–powered platform enables checkout-free payments and personalized experiences, and following its take-private acquisition of SP+, the company now operates the largest parking network in the U.S., spanning 4,200+ locations in 40 countries. FOUNDER: Alex Israel INVESTORS: LionTree, BDT & MSD Partners, DFJ, Eldridge Industries, Slow Ventures, SoftBank Vision Fund 2, Tekne Capital & Vista ROUND: Series D AMOUNT: $500,000,000 CAPITALIZATION: $1,600,000,000 HQ: #LosAngeles #California #VentureCapital #MetropolisTechnologiesInc #LionTree #BDTandMSDPartners #DFJ #EldridgeIndustries #SlowVentures #SoftBankVisionFund2 #TekneCapital #Vista #TradedVC

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Puppy Sphere Secures Seed Round Of $24 Million From Strategic Investors Including The School Of Hard KnocksPuppy Sphere (@ThePuppySphere), a New York-based wellness brand centered on the human-animal bond, has raised a Seed round from a group of strategic investors including The School of Hard Knocks, Tobi Oluwole, Jake Fleshner, Torch Collective, former Massage Envy CEO David Humphrey, and other founders and operators. Founded by Francesca Albo and Lea Burbidge Izquierdo, Puppy Sphere has scaled its puppy yoga concept into a broader experiential wellness platform with 13 studios, corporate wellness programs, brand partnerships, and live activations, serving more than 450,000 customers and partnering with companies including Google, Amazon, Netflix, TikTok, and the NBA. FUN FACT: Puppy Sphere was born from two Canadian founders’ own mental health journeys and has since grown into 13 studios across North America, $14M+ in cumulative revenue, and 450,000+ customers, all without outside capital. Along the way, the brand has welcomed names like Sabrina Carpenter, Simu Liu, Trevor Noah and Alessia Cara, while building a broader wellness platform around the gentle power of puppy therapy. Now Puppy Sphere is opening its cap table for the first time through a strategic angel round, bringing together leaders across media, consumer growth and wellness, including The School of Hard Knocks, former Massage Envy CEO David Humphrey, growth entrepreneur Tobi Oluwole, and Nucleus Network co-founder Jake Fleshner, alongside a broader group of strategic founders and operators. The vision: bring the gentle power of puppy therapy across the globe. FOUNDERS: Francesca Albo (@FrancescaaAlbo), Lea Burbidge Izquierdo (@LeaburbIz) INVESTORS: The School of Hard Knocks (@TheSchoolofHardKnockz), Tobi Oluwole (@TheTobiOluwole), Jake Fleshner (@JakeFleshner) Torch Collective, Heather Stark, Will Bodewes, Craig Zingerline & more ROUND: Seed VALUATION CAP: $24,000,000 HQ: New York, New York #VentureCapital #PuppySphere #TradedPartner #FrancescaAlbo #TradedVC