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July 8, 2026 - Deals
Vermilion Cliffs Ventures Closes $25 Million Fund II For AI Cybersecurity And Developer Tools
Vermilion Cliffs Ventures has closed its second fund, a $25 million vehicle that will continue the firm’s focus on backing technical founders building in areas such as AI infrastructure, cybersecurity, and developer tools. Founded in 2023 by solo GP Ashley Smith, the venture firm raised the new fund in approximately four months, with significant support from existing investors. Fund II plans to invest between $500,000 and $1 million per company and target at least 25 startups over the next two and a half years, building on the success of the firm’s $13 million debut fund, which backed 35 companies including Keycard and CopilotKit.
FOUNDER: GP Ashley Smith
AMOUNT: $25,000,000
HQ: New York, New York
#VentureCapital #VermilionCliffsVentures #GPAshleySmith #TradedVC
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Goldman Sachs Acquires Neos Investments For $2.25 Billion To Enhance ETF PlatformGoldman Sachs has agreed to acquire ETF provider Neos Investments in a cash-and-equity deal valued at up to $2.25 billion, expanding its actively managed ETF platform and options-based income offerings. Founded in 2022 by Troy Cates and Garrett Paolella, Neos manages nearly two dozen options-based income ETFs with about $32 billion in assets, and its team will join Goldman Sachs Asset Management following the transaction.
DEAL VALUE: $2,250,000,000
HQ: New York, New York
#VentureCapital #GoldmanSachs #NeosInvestments #TradedVC
Joby Aviation Acquires Resonant Sciences For $500 Million Expanding Defense CapabilitiesJoby Aviation agreed to acquire Ohio-based Resonant Sciences for $500 million in cash and stock, expanding its defense capabilities with a dedicated division focused on military aircraft and autonomy technology. Resonant Sciences co-founder and CEO J. Micah North will lead the new defense unit, which will integrate Joby’s defense programs while allowing the company to focus on commercializing its electric air taxi business.
SALE PRICE: $500,000,000
HQ: Santa Cruz, California
#VentureCapital #JobyAviation #ResonantSciences #TradedVC
Yulu Secures $93 Million In Series C Funding Led By GEF Capital PartnersYulu, the Bengaluru-based electric mobility startup, has raised $93 million in a Series C round comprising $63 million in equity led by GEF Capital Partners and $30 million in debt financing. Co-founder and CEO Amit Gupta said the funding will help Yulu expand its fleet from about 50,000 to 200,000 electric two-wheelers over the next two years, including its new higher-speed Yulu Express model for longer-haul e-commerce deliveries, bike taxis and parcel services.
FOUNDERS: Amit Gupta, Naveen Dachuri, Hemant Gupta & R.K. Misra
INVESTORS: GEF Capital Partners, Bajaj Auto & Magna International
ROUND: Series C
AMOUNT: $93,000,000
HQ: Bengaluru, India
#VentureCapital #Yulu #GEFCapitalPartners #TradedVC