Sidemen Launch Upside VC With Investment Interests In Social Media Sector Amount Undisclosed

RAISE IMAGE: Josh Bradley, Simon Minter, Olajide “JJ” Olatunji, Tobi Brown, Ethan Payne, Vikram Barn & Harry Lewis DATE: 10/16/2023 COMPANY: Upside VC AMOUNT: XXX XXX NOTE: The Sidemen, a group of celebrity YouTubers with over 20 million followers, have ventured into the world of venture capital with their new VC firm, Upside VC. Notably, two members, Joshua Bradley (Zerkaa) and Vikram Singh Barn (Vikkstar), were previously listed as directors of Upside VC. The Sidemen are exploring various investment opportunities, emphasizing the symbiotic relationship between startups and content creators, and they have shown interest in companies in the social media and creator economy sector, potentially leveraging their extensive networks and experiences in media and entertainment to support portfolio companies. #VentureCapital #JoshBradley #SimonMinter #OlajideJJOlatunji #TobiBrown #EthanPayne #VikramBarn #HarryLewis #UpsideVC #TradedVC

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OpenAI Secures Amazon's $50 Billion Investment Commitment In AI Infrastructure DevelopmentOpenAI has secured the completion of Amazon’s $50B investment commitment, with the e-commerce and cloud giant finalizing the remaining $35B tranche of the deal. The investment was part of OpenAI’s record $110B funding round, alongside commitments from Nvidia and SoftBank, and strengthens the company’s AI infrastructure ambitions through deeper integration with Amazon Web Services. CEO/founder information was not included in the provided details. FOUNDERS: Sam Altman, Elon Musk, Greg Brockman, Ilya Sutskever, John Schulman & Wojciech Zaremba INVESTORS: Amazon, Nvidia & SoftBank AMOUNT: $50,000,000,000 HQ: San Francisco, California #VentureCapital #OpenAI #SamAltman #Amazon #TradedVC

Function Health Secures $450 Million Financing From General Catalyst To Expand Health PlatformFunction Health, a preventative health platform, secured $450 million in non-dilutive financing from General Catalyst’s Customer Value Fund to accelerate customer acquisition and scale its platform. Led by CEO Jonathan Swerdlin, Function is expanding beyond blood testing into a vertically integrated health ecosystem combining 160-panel labs, at-home draws, full-body MRIs, supplement intelligence, and AI-powered health recommendations through its Medical Intelligence Labs platform. The company has completed more than 100 million lab tests for 500,000 U.S. members and aims to use diagnostics-driven data insights to make personalized preventative healthcare more accessible globally. FOUNDERS: Jonathan Swerdlin, Mark Hyman, Pranitha Patil, Daniel Swerdlin, Seth Weisfeld & Mike Nemke INVESTORS: General Catalyst & Customer Value Fund AMOUNT: $450,000,000 HQ: New York City, New York #VentureCapital #FunctionHealth #GeneralCatalyst #CustomerValueFund #TradedVC

K2 Space Raises $500 Million In Series D Round Led By Kleiner Perkins And ICONIQK2 Space, a Torrance, California-based satellite manufacturer, has raised $500 million in a Series D round at a $6.8 billion valuation. The round was led by Kleiner Perkins and ICONIQ, with participation from CapitalG, Lightspeed Venture Partners, Altimeter Capital, Spark Capital, Sands Capital, ARK Invest, and T. Rowe Price Associates. Founded in 2022 by brothers Karan Kunjur and Neel Kunjur, K2 builds high-power, large-scale satellites for commercial and defense customers. The funding will help expand manufacturing capacity to 100 satellites per year as demand grows for next-generation communications, defense, and space infrastructure. FOUNDERS: Karan Kunjur & Neel Kunjur INVESTORS: Kleiner Perkins, ICONIQ, CapitalG, Lightspeed Venture Partners, Altimeter Capital, Spark Capital, Sands Capital, ARK Invest & T. Rowe Price Associates ROUND: Series D AMOUNT: $500,000,000 VALUATION: $6,800,000,000 HQ: Torrance, California #VentureCapital #K2Space #SpaceTech #Satellite #TradedVC