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Battery unicorn Northvolt files for bankruptcy

Battery unicorn Northvolt files for bankruptcy
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
November 25, 2024

What We're Reading

  • Battery unicorn Northvolt files for bankruptcy, co-founder and CEO resigns [TechCrunch]
  • Anthropic raises another $4B from Amazon, makes AWS its ‘primary’ training partner [TechCrunch]
  • Taking a cue from X, Threads tests AI-powered summaries of trending topics [TechCrunch]
  • Tesla Superchargers: GM, Ford, Rivian, and other EV brands with access [TechCrunch]

Trending Companies
 

Tessl AI, a company that offers AI native software development, raises $125MM Equity Funding from Index Ventures.

Developer Tools • London, United Kingdom

 

runQL, a company that developed a modern SQL IDE with query management and more, raises $1.6MM Seed from Mistral Venture Partners.

Artificial Intelligence • Kitchener, Canada

 

Radiant, a firm that develops portable nuclear microreactors that replace diesel generators, raises $100 Series C from Data Collective.

Generators • El Segundo, CA • Post-Money Valuation

 

Mithrl, a company that provides an AI-powered platform designed for scientific research, raises $4MM Seed from Bonfire Ventures.

Artificial Intelligence • San Francisco, CA • Post-Money Valuation

 

Beta Bionics, a medical technology company focused on the design, development, and commercialization of the iLet Bionic Pancreas and the bihormonal configuration, raises $60MM Series E from Wellington Management.

Health Care Equipment • Irvine, CA • Post-Money Valuation

 

Plantible Foods, a B2B food technology company, raises $30MM Series B from Piva Capital.

Agricultural • San Marcos, CA • Post-Money Valuation

 

Osyte, a company that develops a portfolio management dashboard designed for investment outcomes, raises $4MM Seed from Moneta Ventures.

SaaS • Seattle, WA • Post-Money Valuation

 

Levanta, a company that develops affiliate marketing software, raises $20MM Series A from Volition Capital.

Marketplace • Seattle, WA • Post-Money Valuation

 

MetOx Technologies, a manufacturing company of high temperature superconducting (HTS) wire, raises $15MM Series B from Piedmont Capital Partners.

Nanotechnology • Houston, TX • Post-Money Valuation

 

Agentio, a company that develops an advertisement platform for creator-led advertising, raises $12MM Series A from Benchmark.

AdTech • Brooklyn, NY • Post-Money Valuation

 

Enfabrica, a company that develops converged networking and memory fabric silicon and software, raises $115MM Series C from Spark Capital.

Technology Services • Mountain View, CA • Post-Money Valuation

Selector AI, a software company that provides AIOps platform for operational intelligence, raises $33MM Series B from Ansa Capital.

Artificial Intelligence • Santa Clara, CA • Post-Money Valuation

 

Prism Worldwide, a company that manufactures circular polymers from the tire and recycled plastic material, raises $40MM Series A from Columbia Pacific Advisors.

Recycling • Kirkland, WA • Post-Money Valuation

 

Kong, a company that develops cloud-native platform that powers API-led connectivity for developer productivity, automating security, and microservices raises $175MM Series E from Tiger Global Management.

API • San Francisco, CA • Post-Money Valuation

 

ThoroughCare, a company that operates a digital healthcare platform intended to simplify wellness programs, raises $5MM Series A from Empactful Capital.

Digital Health • Pittsburgh, PA • Post-Money Valuation

 

Charlesbank Capital Partners invests in Implan, a developer of an economic modeling and analytics software platform.

SaaS • Huntersville, NC • Deal

 

Stonepeak Infrastructure Partners acquires Fleet Equipment, dealer and servicer of trucks and trailers.

Trailers • Fleet Equipment • Deal

 

MidOcean Partners acquires Arnott, a firm that manufactures replacement air suspension parts and accessories for automotive vehicles.

Valves & Fittings • Merritt Island, FL • Deal

 

Craveworthy Brands acquires Fresh Brothers, a pizza restaurant chain.

Casual Dining • Los Angeles, CA • Deal

 

Central Garden & Pet acquires Leading Edge Aerial, a manufacturer of large commercial drones used for mosquito/vector control, weed control, and precision farming.

Geospatial • New Smyrna Beach, FL • Deal

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