Who's Raising & What's Closing
Digestible dealflow. We'll help you keep tabs on the industry's most important deals.
Tolan Secures $30 Million Investment From Union Square Ventures, Khosla Ventures, And Homebrew
Tolan, an AI companion that helps users manage daily tasks, navigate relationships and emotions, and achieve personal goals, raised $30 million from investors including Union Square Ventures, Khosla Ventures, and Homebrew. The round doubles its total funding and reportedly pushes its valuation above $120 million, while the company generates double-digit millions in annual recurring revenue and serves more than 250,000 active users who have exchanged over 70 million conversations in the past year. FOUNDERS: Quinten Farmer, Evan Goldschmidt & Ajay Mehta INVESTORS: Union Square Ventures, Khosla Ventures, Homebrew AMOUNT: $30,000,000 HQ: San Francisco, California #VentureCapital #Tolan #QuintenFarmer #TradedVC
ReadMercury Surpasses $1 Billion In Annualized Revenue With 50% Year-over-Year Growth
Mercury, led by CEO Immad Akhund, has surpassed $1 billion in annualized revenue, marking approximately 50% year-over-year growth. The fintech company now serves more than 450,000 customers and is expanding its offerings with a new payroll service, while Akhund discussed AI agents, startup valuations and the cooling fintech market on the Newcomer Podcast. FOUNDERS: Immad Akhund, Max Tagher & Jason Zhan AMOUNT: $1,000,000,000 HQ: San Francisco, California #VentureCapital #Mercury #ImmadAkhund #TradedVC
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POV Beauty Secures $15 Million Series A Funding Led By Silas Capital
POV Beauty (Point of View), co-founded by TikTok beauty creator Mikayla Nogueira and CEO Ani Hadjinian, raised a $15 million Series A led by Silas Capital, with participation from Imaginary Ventures and RÉDO Capital. The funding will support the brand’s growth following its launch at Sephora in the US and Canada, where first-week sales exceeded expectations by 80%; POV generated more than $20 million in first-year revenue. FOUNDER: Mikayla Nogueira INVESTORS: Silas Capital, Imaginary Ventures & RÉDO Capital ROUND: Series A AMOUNT: $15,000,000 HQ: Los Angeles, California #VentureCapital #POVBeauty #MikaylaNogueira #SilasCapital #TradedVC
ReadDream Labs Secures $90 Million In Seed Funding Led By B Capital
Dream Labs, a San Francisco-based AI robotics startup founded by former NVIDIA researchers, raised $90 million in seed funding led by B Capital, with participation from Kindred Ventures, A.Capital, Unusual Ventures, SV Angel, Wing VC, Scribble VC, and Adrian Aoun, among others. Co-founder and CEO Joel Jang leads the company, which is developing Dream-1, a robot foundation model that enables machines from different manufacturers to perform tasks using visual inputs and natural-language instructions. Alongside the raise, Dream Labs launched Dream API, its public API for robot control, and plans to use the funding primarily to expand computing capacity, supported hardware, and the range of tasks its models can perform. FOUNDER: Joel Jang INVESTORS: B Capital, Kindred Ventures, A.Capital, Unusual Ventures, SV Angel, Wing VC, Scribble VC, Adrian Aoun ROUND: Seed AMOUNT: $90,000,000 HQ: San Francisco, California #VentureCapital #DreamLabs #JoelJang #BCapital #TradedVC
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