The “Cloud-Native” Prime Broker is graduating to the big leagues. Clear Street, the tech-forward securities and derivatives broker founded in 2018, has set terms for its US IPO, targeting a valuation of up to $11.8 billion. Amidst the busiest week for listings since 2021, the firm is looking to raise $1.05 billion on the Nasdaq...
The “Audio Layer” of the internet just got a massive repricing. ElevenLabs confirmed Wednesday it has secured a $500 million Series D led by Sequoia Capital, more than tripling its valuation to $11 billion (up from $3.3B in Jan 2025). The round included participation from Lightspeed, Andreessen Horowitz, and ICONIQ. 💰 THE METRICS THAT MATTER:...
The world’s biggest promoter is playing Monopoly with European real estate. Live Nation Entertainment (LYV) has agreed to acquire Italian venue operator ForumNet from holding firm Bastogi (BTGI.MI). The deal values the enterprise at €90 million ($106 million), with a theoretical equity value closer to €103 million after adjustments. 🏟️ THE CROWN JEWEL: The centerpiece...
The most important marriage in AI is getting a $20 billion renewal vow. After a week of rumors that the deal had stalled, Nvidia (NVDA) is reportedly nearing a definitive agreement to invest roughly $20 billion in OpenAI. This is the anchor check for a historic funding round targeting $100 billion in total capital at...
The heavy industry giants aren’t waiting for the grid to clean itself—they are funding the solution directly. newcleo, the Italian nuclear startup specializing in Gen-IV Small Modular Reactors (SMRs), has raised €75 million (~$89M) in a new funding round. The standout feature? The capital table is led by industrial heavyweights like Danieli (Iron & Steel)...
The “rivers of gold” need a better plumbing system. ASIC has issued a blunt warning to Australia’s A$4.5 trillion ($3.16T) pension fund industry: Invest in your systems now, or become the next cautionary tale. With the sector on track to hit A$6 trillion by 2030—surpassing the size of Australia’s banking system—regulators are concerned that operational...