Rain lands EUR 237.5m Series C round
US-based Rain has raised EUR 237.5 million in Series C funding from a large syndicate led by ICONIQ and Sapphire Ventures, alongside several blue-chip venture investors.
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Latest M&A news, deal analysis, and investment insights.
OpenAI acqui-hires Convogo team for AI cloud push
OpenAI is acquiring the team behind Convogo in an all-stock acqui-hire, with Convogo’s product set to wind down. The move reinforces OpenAI’s focus on turning frontier models into reliable, workflow-specific enterprise services.
OpenAI acquisitionMobileye buys Mentee Robotics in EUR 855m humanoid bet
Mobileye is acquiring humanoid robotics startup Mentee Robotics for EUR 855 million, using cash and stock to push beyond automotive autonomy into “physical AI”. The move signals a counter-cyclical expansion as ADAS and AV timelines reset.
Mobileye acquisitionHomebound lands EUR 380m in housing downturn
Homebound has announced a EUR 380 million funding, a rare big-ticket check in a subdued US housing and proptech market. The raise reinforces its capital-heavy push to scale homebuilding with a tech-enabled model.
HomeboundNvidia locks up Groq’s LPU edge for inference
Nvidia has struck a Groq transaction centered on core assets, IP and an acqui-hire structure, sharpening its position as AI spend shifts from training to inference.
Nvidia Groq dealLMArena’s EUR 237.5m raise backs AI evaluation infrastructure
LMArena has raised EUR 237.5 million, underlining how AI evaluation is hardening into core infrastructure as enterprises seek neutral signals on model performance.
LMArena fundingMML closes EUR 935m Keystone debut fund
MML Capital Partners has raised EUR 935 million for MML Keystone I, an oversubscribed debut strategy targeting asset-backed, essential-services businesses across the UK and Europe.
MML Capital PartnersOaktree leads EUR 142.5m loan for KIK Custom
Oaktree Capital Management has provided EUR 142.5 million of funding to Germany-based KIK Custom Products. The financing is framed as a rescue loan for the Centerbridge-backed group.
Oaktree Capital ManagementTrade Republic raises EUR 1.2 billion funding round
German retail investing platform Trade Republic has announced a EUR 1.2 billion funding round. The investor group was not disclosed, leaving valuation and governance implications as key open questions.
Trade RepublicCloudberry raises EUR 30 million for semiconductors
Cloudberry has secured EUR 30 million in funding to support its semiconductor-focused plans. The investor was not disclosed in the announcement.
CloudberryTargED raises EUR 21.5m to advance thrombosis therapies
Dutch biotech TargED Biopharmaceuticals has secured EUR 21.5 million in fresh funding from a syndicate of European life sciences investors to push its targeted approach to thrombotic diseases forward.
TargED BiopharmaceuticalsArval moves to acquire Athlon in consolidation push
Arval has entered exclusive negotiations to acquire Athlon, targeting scale in European full-service vehicle leasing. The deal would create a near co-leader with about 2.3 million vehicles under management.
ArvalReBirth takes majority stake in Cowboy for EUR 15m
ReBirth Group Holding has agreed to acquire a majority stake in French e-bike maker Cowboy in a EUR 15 million deal, aiming to restart production and stabilise operations.
Cowboy