Who's Raising & What's Closing
Digestible dealflow. We'll help you keep tabs on the industry's most important deals.
Physicl Secures $10 Million Seed Funding Led By Inovia Capital
Physicl, a startup developing high-fidelity simulations and synthetic data for physical AI and robotics, has raised $10 million in seed funding led by Inovia Capital. Founded and led by CEO Alex de Vigan, the company is repurposing technology developed at his previous venture, nfinite, to create realistic 3D environments that help train robots to handle complex real-world tasks. Its new Studio product features 10,000 3D environments and 100,000 assets, enabling developers to generate synthetic training data for challenging scenarios and improve robotic performance. FOUNDER: Alex de Vigan INVESTOR: Inovia Capital ROUND: Seed AMOUNT: $10,000,000 HQ: Paris, France #VentureCapital #Physicl #AlexdeVigan #InoviaCapital #TradedVC
ReadThe New York Times Company Acquires Letterboxd For $330 Million
The New York Times Company is reportedly in exclusive negotiations to acquire movie-focused social platform Letterboxd for $330 million. Letterboxd, often described as Goodreads for movies, has grown from 3 million users in January 2021 to 28 million as of April 2026, with more than half of its users under 35. A24 and Sony were also reportedly interested in acquiring the platform, but A24 was priced out. Letterboxd is projected to generate $15 million in earnings this year, while the reported acquisition price represents a significant premium. SALE PRICE: $330,000,000 HQ: New York, New York #VentureCapital #TheNewYorkTimesCompany #Letterboxd #TradedVC
ReadEOS-X Space Secures $120 Million In Funding Led By Global Emerging Markets
EOS-X Space, a Spanish space tourism company founded and led by CEO Kemel Kharbachi, has raised $120 million (€110 million) in a funding round led by Global Emerging Markets (GEM), valuing the company at $1.2 billion. The company, which offers five-hour helium balloon flights to the edge of space, will use the funds to expand its U.S. operations, increase manufacturing capacity, and develop civilian and military technologies, bringing its total 2026 funding to $260 million ahead of its planned first commercial flights by year-end. FOUNDER: Kemel Kharbachi INVESTOR: Global Emerging Markets (GEM) AMOUNT: $120,000,000 VALUATION: $1,200,000,000 HQ: New York, New York #VentureCapital #EOSXSpace #KemelKharbachi #TradedVC
ReadSkydio Secures $1.2 Billion Investment From Axon For Product Innovation And Expansion
Skydio, a U.S.-based drone manufacturer founded in 2014, secured a $1.2 billion investment from Axon at a $5.2 billion pre-money valuation, giving Axon an additional 20% ownership stake. The deal deepens their partnership, with Axon becoming Skydio’s exclusive public safety distributor in the U.S. and Canada, while the funding will support product innovation, expansion and autonomous flight technology. Led by CEO Adam Bry, Skydio serves more than 4,000 agencies and organizations and expects approximately $1 billion in bookings in its current fiscal year. FOUNDERS: Adam Bry, Abe Bachrach & Matt Donahoe INVESTOR: Axon AMOUNT: $1,200,000,000 VALUATION: $5,200,000,000 HQ: San Mateo, California #VentureCapital #Skydio #AdamBry #Axon #TradedVC
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