Investors and funding

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Jack & Jill raises $40M to put an AI agent on both sides of the hiring table

Jack & Jill has raised $40M in a Series A led by Air Street Capital, bringing total funding to $60M less than a year after a $20M seed round. Madrona and Antler are new investors, and Creandum, Ada Ventures, Entrepreneurs First, Expedite Capital, and Repeat.vc all returned. The product is two agents that negotiate with […]

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Intrepid Growth Partners closes a $525m AI fund with state money from four countries

Intrepid Growth Partners has closed its first fund at $525m and launched formally from offices in Toronto and London. Mark Machin, Mark Shulgan and Ajay Agrawal founded the firm in 2023, and it already holds nine portfolio companies, among them PhysicsX in London and StackAdapt in Toronto. The backer list is where this gets interesting. […]

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Firmus is seeking $5bn in its Australian float after doubling its valuation to $10.5bn

Firmus is seeking up to $5bn in its listing on the Australian Securities Exchange, according to Bloomberg, which would make it one of the largest floats the exchange has handled. The figure the company was working with in April was $2bn, at a valuation of $5.5bn. By August the valuation had passed $10.5bn. Investor meetings began […]

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Z.ai raises $5bn in Hong Kong including $3bn of zero-interest bonds

Z.ai, the Chinese model developer listed in Hong Kong as Zhipu, has raised about $5bn in a single move. Roughly $2bn came from placing 21.97 million new shares at HK$714, about 10 percent below the previous close. The other $3bn came from RMB 20.14bn of convertible bonds maturing in September 2027, and those bonds carry […]

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The UAE plans to invest €40bn in Germany, including 1GW of data centres

The United Arab Emirates plans to invest €40bn ($46.4bn) in Germany, including in new data centres with a combined capacity of about one gigawatt. The two countries announced the package in a joint declaration on 10 September. UAE President Sheikh Mohamed bin Zayed Al Nahyan was on a state visit to Germany, where he met […]

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Tencent-backed chipmaker Enflame nearly triples in its Shanghai debut

Shares in Shanghai Enflame Technology closed 179% above their offer price on their first day of trading on Shanghai’s Star Market on Friday. The Tencent-backed AI chipmaker had raised about 6.12bn yuan ($911m) in its initial public offering, Bloomberg reported. The stock opened at 410 yuan, against an IPO price of 142.18 yuan. It rose […]

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HelmGuard raises $7.3m to replace compliance paperwork with AI agents

London startup HelmGuard has raised $7.3m in seed funding. It uses AI agents to check how companies manage security and compliance. Infinity Ventures and Frontline co-led the round, the company said in its funding announcement on 9 September. FinTech Collective, Stage 2 Capital and Entrepreneurs First also invested. John Daley, the chief executive, and Jack […]

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Seed Capital closes a €130M fifth fund and expands from Denmark into the Nordics

Seed Capital has closed its fifth fund at €130mn and will use it to invest outside Denmark for the first time, backing 15 to 17 companies across the Nordics in fintech, AI-driven B2B and, for the first time, cybersecurity. The Copenhagen firm will write first cheques of €3mn to €6mn at seed through Series A, […]

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TAR raises $120m at a $1bn valuation to build off-grid power for AI

TAR has raised a $120m Series A led by Spark Capital at a $1bn post-money valuation. The Austin company builds off-grid power systems for AI data centres. The company announced the round on Thursday. Prior investors Buckley Ventures and Align Fund also took part, Bloomberg reported. Spark Capital is an investor in Anthropic, Bloomberg noted. […]

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Motive pulls its IPO filing after raising $1.3bn from General Catalyst

Motive has secured more than $1.3bn in growth financing from General Catalyst’s Customer Value Fund, the company announced on Thursday. Because of the financing, Motive has withdrawn its previously filed S-1 registration statement for an initial public offering. The San Francisco company describes itself as “the AI platform for physical operations”. Its software helps companies […]

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