
Reach Capital Raises $265M Fund V to Back AI Startups
Reach Capital has closed a $265 million Fund V to invest in about 50 early-stage AI startups focused on learning, health and work over the next three years.
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Reach Capital has closed a $265 million Fund V to invest in about 50 early-stage AI startups focused on learning, health and work over the next three years.

Detroit startup Grounded raised $5 million and opened a new factory to expand its modular commercial vehicle business across electric and gas vans.

Anthropic’s annualised revenue run rate topped $65 billion in July, up from $47 billion in May, as the Claude maker moves toward a potential public listing.

Higgsfield raised $400 million at a $5.4 billion valuation as the AI video startup expands enterprise tools, product development and computing capacity.

Groq raised $350 million at a $3.5 billion valuation to expand its AI inference cloud following its licensing agreement and deeper partnership with Nvidia.

Terra Industries raised its seed round to $52 million as the African defence startup expands manufacturing and pushes into markets across the Global South.

Wispr raised $280 million at a $2 billion valuation as the AI voice startup expands beyond dictation into meeting notes, new speech models and interfaces.

Thrive Capital’s Joshua Kushner cautions against AI investment euphoria as the firm defends its concentrated strategy and reports $60 billion in assets under management.

Cognition is reportedly discussing a new funding round at a $40 billion valuation as revenue and enterprise adoption of its Devin coding agent accelerate.

Lovable has raised $400 million at a $13.3 billion valuation after the European vibe-coding startup reached $500 million in annualised revenue.

VideoVerse’s $250 million Minute Media deal has unravelled as investors and creditors pursue lawsuits alleging fraud, forged documents and unpaid debts.

Scaleup Europe is a €5 billion public-private fund managed by EQT to help European technology companies raise growth capital and remain in Europe.
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