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Despite the short work week in many regions, the last few days have been filled with deal announcements and fundraising news, but it's hard to find out just how much was on hold before the US election. is too early.
This week's most interesting startup stories
There are early signs that the U.S. IPO window may reopen, but don't get ahead of yourself. So far, it's mostly IPOs, M&A and not-so-great news in India.
Subsequent IPO: European scale-up company Klarna confidentially filed IPO documents with the U.S. Securities and Exchange Commission (SEC). After all its ups and downs, the buy now, pay later (BNPL) company's valuation reportedly returned to $14.6 billion earlier this year.
IPO envy: Naspers-owned Prosus aims to take Indian fintech PayU public in 2025. Dutch investors are looking to shift their focus more towards India. In India, quick commerce company Swiggy has just made a stellar IPO debut.
Dark Web Monitoring: Cybersecurity unicorn Bitsight acquires dark web security expert Cybersixgill for $115 million.
Moving the cursor: Anysphere, the startup that created the popular AI-enabled code editor Cursor, has acquired competitor Supermaven, which raised $12 million. Anysphere has reportedly received unsolicited investment offers at valuations of up to $2.5 billion.
Blackouts: Embattled battery maker Northvolt is selling some assets to Silicon Valley battery startup Leiten, but deal proceeds and other cost-cutting measures could help Swedish company get through next year It is unclear whether this is sufficient.
This week's most interesting fundraisers
Startups may simply be rushing to release the latest news ahead of Thanksgiving, but there were quite a few rounds announced this week, including some big ones.
How to write a check: Writer raises $200 million in Series C funding at a $1.9 billion valuation to scale its generative AI platform for enterprises.
Quiet funding: British AI startup Tessl opens its waiting list and reveals it has raised $125 million to date. This includes a previously private seed round and Series A. The latter will be led by Index Ventures and has a post-money valuation of $750 million, according to sources.
Scale up: New York-based cloud spend management company ScaleOps has closed a $58 million Series B funding round led by Lightspeed Venture Partners. This will allow us to increase our current number of 60 employees to more than 200 by 2026.
Cash Flow: French fintech company Agicap has secured $48 million in Series C funding for its cash flow management platform. The startup targets medium-sized businesses and has 8,000 customers, about half of which are in France.
Satellite Services: US startup Starfish Space has raised $29 million in a funding round led by leading defense technology investor Shield Capital. The goal is to launch three full-scale satellite maintenance and inspection spacecraft in 2026.
This week's most interesting VC and fund news
Image credit: Altos Ventures
New heights: Venture capital firm Altos Ventures has raised $500 million for its latest fund, according to an SEC filing. The Silicon Valley-based investor was an early backer of Coupang and Roblox.
Resignation: Rajeev Misra, co-CEO of SoftBank Vision Fund, is stepping down from his leadership role after a 10-year tenure and will no longer have a formal role at SoftBank, the company said. announced.
Last but not least
Image credit: Saviko / Gamma-Rapho / Getty Images
Station F, Paris's iconic startup campus, has revealed its top 40 startups of the year, and nearly all of them (34 to be exact) use AI. So here are Romain Dillet's predictions: “It’s clear that all new startups are going to incorporate AI in some way.”