Investors and funding

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Shein buys Everlane at $100M, and the radical-transparency brand becomes a fast-fashion asset

L Catterton has sold its majority stake at a steep discount to the DTC era’s peak valuation. Common stockholders get nothing. The Everlane board signed on Saturday. Shein, the Chinese-founded ultra-fast-fashion giant, is acquiring Everlane, the San Francisco-based direct-to-consumer apparel brand, from majority owner L Catterton, according to reports in Bloomberg. The transaction values Everlane […]

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Exadel buys London consultancy Tangent to bolt experience design onto its AI engineering line

The Tampa-based, Sun Capital-owned software services firm is folding the SAP- and IWG-trusted UK digital agency into its Digital Experiences practice. Deal terms were not disclosed. Exadel, the Tampa-based software-development and consulting firm, has acquired Tangent, the London-based digital experience consultancy, the company said on Monday. Terms were not disclosed. Tangent will continue to operate […]

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HSBC opens a $4bn credit line for Chinese clean-tech to go global

Europe’s largest bank is putting a dedicated facility behind Chinese solar, battery, EV and data-centre exporters expanding overseas, citing demand that has accelerated alongside the Iran war. HSBC has set up a dedicated $4bn credit facility to help Chinese clean-technology companies expand overseas, the bank said on Monday. The ‘Sustainability and Transition Credit Facility’ covers […]

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Cerebras just had the biggest US tech IPO since Snowflake. SpaceX, OpenAI, and Anthropic are next.

Cerebras Systems closed its first day on the Nasdaq at $311.07, up 68% from its $185 IPO price, giving the wafer-scale chip company a market capitalisation of approximately $95 billion. The offering raised $5.55 billion, making it the largest US tech IPO since Snowflake’s $3.8 billion debut in 2020. CEO Andrew Feldman rang the bell […]

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Cerebras just had the biggest US tech IPO since Snowflake. SpaceX, OpenAI, and Anthropic are next. Read More »

RJ Scaringe has raised $12 billion across three startups, and investors are still queueing up

RJ Scaringe has raised more than $12.3 billion across three startups, and the pace is accelerating. The Rivian founder and CEO, who holds a doctorate in mechanical engineering from MIT, is now simultaneously running an electric vehicle manufacturer, an autonomous micromobility company, and an industrial AI robotics startup, each attracting capital at a speed that […]

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RJ Scaringe has raised $12 billion across three startups, and investors are still queueing up Read More »

Eighteen48 raises EUR175 million to back the private equity deals no one else sees

  Eighteen48 Partners, the London-based alternative asset manager co-founded by Julien Sevaux, Tarek AbuZayyad, and Edward Clive, has closed €175 million for the first tranche of its inaugural private equity fund. The fund is targeting €350 million in total and will back mid-market buyouts across Europe, sourced exclusively through independent sponsors, dealmakers who find and […]

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Eighteen48 raises EUR175 million to back the private equity deals no one else sees Read More »

Multiverse raises $70m at a $2.1bn valuation to push its AI-adoption pitch across Europe

The round, led by Schroders Capital, follows January’s acquisition of Berlin-based StackFuel and 50% year-on-year revenue growth. Customers include the AA, Babcock, and Capital. Multiverse, the London-based AI- and tech-upskilling platform founded by Euan Blair, said on Friday it had raised $70m in primary funding led by Schroders Capital, at a $2.1bn valuation. Existing investors, […]

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Multiverse raises $70m at a $2.1bn valuation to push its AI-adoption pitch across Europe Read More »

STT Global Data Centres lines up a $500m Mumbai listing, in front of a crowded 2026 IPO queue

The Singapore-controlled, Tata-minority data-centre operator has invited banks to pitch this month. The listing would slot in ahead of Sify and Yotta in India’s first wave of pure data-centre IPOs. STT Global Data Centres India is preparing an initial public offering in Mumbai that could raise up to $500m, Bloomberg reported on Friday, citing people […]

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STT Global Data Centres lines up a $500m Mumbai listing, in front of a crowded 2026 IPO queue Read More »

Thrive Capital bets $100 million on Shopify, because sometimes the best AI trade is a beaten-down stock

Joshua Kushner’s Thrive Capital has taken a roughly $100 million stake in Shopify, according to Bloomberg, which cited people familiar with the matter. The investment is notable less for its size, $100 million is a rounding error in a firm that raised more than $10 billion for its latest fund, than for what it signals […]

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Thrive Capital bets $100 million on Shopify, because sometimes the best AI trade is a beaten-down stock Read More »

Graphon AI exits stealth with $8.3M to build the data layer that LLMs are missing

The name is the tell. Graphon AI, which emerged from stealth on Wednesday with $8.3 million in seed funding, is named after a mathematical object that most people in AI have never heard of and that its two most prominent advisors helped invent. A graphon is the limit of a sequence of dense graphs: a […]

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Graphon AI exits stealth with $8.3M to build the data layer that LLMs are missing Read More »

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