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Coatue leads $4.5bn investment in secure browser startup Island

Private Equity Insights

This investment highlights ongoing venture capital confidence in cybersecurity, even as artificial intelligence remains a dominant industry focus. In 2024, cybersecurity startups raised $9.5bnan almost 10% increase from the previous year, according to data from Pinpoint Search Group.

Startups 147
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OpenAI appoints Adebayo Ogunlesi to board, highlighting AI infrastructure focus

Private Equity Insights

Ogunlesi will help the company secure the infrastructure needed to advance artificial intelligence development. The company warned that $175bn in global AI investment funds could flow to China-backed projects without action. OpenAI has added Adebayo Ogunlesi, CEO of Global Infrastructure Partners, to its board.

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Clover Capital and Evanston Partners Team Up for Felbro Food Buy

Private Equity Professional

Felbro Food Products , a food and beverage manufacturer, has been recapitalized by Felbro Culinary Specialties , a newly formed portfolio company of Clover Capital Partners and Evanston Partners. Also included in the investment group are members of the companys management team and the founding Feldmar family.

Capital 130
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Elon Musk’s X secures nearly $1bn in equity at $32bn valuation

Private Equity Insights

According to sources, Musk personally participated in the raise, alongside Darsana Capital Partners, which had previously acquired portions of Xs debt. The company is reportedly considering using part of the proceeds to reduce its remaining debt burden. Musk has a history of raising private capital for his ventures.

Buyout 147
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Bain Capital Invests in Sales Tech Startup Apollo.io at $1.6bn Valuation

Private Equity Insights

This round was led by new investor Bain Capital Ventures, the venture capital arm of the namesake private equity firm, as well as existing investors Sequoia Capital, Tribe Capital, and Nexus Venture Partners. The latest funding brings the company’s total funding to close to $250m.

Startups 130
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Amazon and OnlyFans founder make surprise entry in race for TikTok’s US business

Private Equity Insights

Stokelys startup Zoop, backed by a cryptocurrency foundation, has submitted a late-stage plan to bid for the short-form video platform, according to Reuters. Amazon declined to comment, while shares in the company rose about 2% following the news.

Bidding 147
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French private equity firm Ardian raises $30bn for secondary investments platform

Private Equity Insights

The capital was secured from a broad range of global investors, including pension funds, insurance companies, sovereign wealth funds, and family offices. read more IFM Investors acquires 49% stake in Splend to drive rideshare growth IFM Investors has acquired a 49% stake in Splend, a $200m startup providing vehicle financing.