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font-size: 1px; display: none !important;"> OpenAI= opens shares to ETFs in historic round; McCormick to acquire Unilever's fo= od business; record European VC goes to AI </span></td> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); 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color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> AI gut health startups are sel= ling answers that science can't back up </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlrOQWbNaGF-2B3PmFcA-2FG2OfanHo= d5JmnBcRtUdRz4-2FtQ-3D-3DA_YG_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR= 4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8= oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWi= Fts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033= unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUNipkcIgt-2FzcXErvrqaQZ-2B9aihhqVavFLY= uGHbfEFKWUR54K7YaQ-2BoxMRxpHDqUTeYXQZYUpavoOAGsGftih-2Bg1BPl5q9lim3bSiEFhMr= RRK3FViFgqPVu8GyMbu51cgeYurxK1bfbqRGpv9JRSN7kH2s25S8E0YkyG6IhdhM5RQcWFMMbeD= 80Lf-2BqPSEANaKobXpCypEQ6vWAHXuxpWANbpX03lpRO4FHmBfIX-2FOiWCNqwVJi7vBaRoCws= yKAycN7NebpEB5JXXlXk6qO5pMrv" universal=3D"true"> <img align=3D"center" alt= =3D"" src=3D"https://img.pitchbook.com/news/73560.png" style=3D"border: non= e; width: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">(Chloe Ladwig/Pi= tchBook News)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Rosie Bradbury, Senior Venture Capital Reporter</i><br><br> People's growing interest in their gut healt= h is colliding with the boom of harnessing AI for health and wellness.<br><= br> Last year alone saw $500 million in venture = capital invested in gut health startups, but there's still a lot the scient= ific community doesn't know. This leaves founders in a gray zone about how = to offer answers on this complex system we don't yet fully understand.<br><= br> "On TikTok, there's a huge swath of influenc= ers and everyday people talking about this new supplement they tried," said= Caroline Lippman, who invests in consumer health startups at Coefficient C= apital.<br><br> At the same time, consumers have embraced AI= to help them better understand their health. Both OpenAI and Anthropic hav= e unveiled systems in the past three months that offer wellness advice base= d on individuals' medical histories.<br><br> Data on every possible health metric has nev= er been more valuable to everyday consumers, and startups are capitalizing = by providing new streams of data and personalized health recommendations.<b= r><br> "We're actively building that feature right = now, we call it the gut health coach," said Scott Hickle, the founder of Th= rone, which sells an attachable device for your toilet that analyses bowel = and urinary health.<br><br> But Hickle and others are finding that givin= g clear-cut answers to gut health questions is not easy since the microbiom= e is a notoriously complex system that produces often unexplainable outputs= .<br><br> "There are companies that will give you tail= ored data and say, 'You should purchase this probiotic from us,'" said Max = Brondfield, an assistant professor in the division of gastroenterology at t= he University of California, San Francisco. "To that, I would preach a lot = of caution."<br><br> Khosla Ventures-backed Viome, for example, s= ays that it can offer more personalized recommendations than a dietician. B= ut there are still so many interactions in the microbiome that we don't und= erstand, according to Brondfield. "[Patients will] say, 'I tried the recomm= ended probiotic, and it didn't do anything,'" he added.<br><br> Viome has come under scrutiny for marketing = customized supplements to users after they receive the results of its testi= ng kit.<br><br> "As investors, one of the things we think ab= out is what are the things you can do to build trust among the skeptics," s= aid Lisa Wu, a partner at Norwest who invested in supplements brand Ritual.= <br><br> Still, Wu and others remain enthusiastic abo= ut the gut wellness craze. "We love fiber," she said. "We think there are n= ew opportunities to make fiber sexy."</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzXlrOQWbNaGF-2B3PmFcA-2FG2OfanHod5JmnBcRtUdRz4-2FtQ-= 3D-3Dhwxf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68= NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWi= OfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7K= tfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXn= eZHrHDFjQXyiTxFCVUO3aGZehOlCuS4Rf8aWs0l4mq-2FKRCaMZb4nP-2FlokCPWIZWx1gDA9xY= IUdfKjC-2FAeMsDwHClVKJyMWr-2BOYp0MKq-2Fnly0jn1Pau2iYZOblaSWhsjTTseDC-2FkOcL= pajPoOwjAMTsvtAqIxe3bLAXTTDNm077BAb-2FtQVCsqfArkxdBSwc4DLhYH6MG1fHzXhu3h-2F= cdnlKCLv-2FXJdJkS2g6UjgXX-2BkwS8p3KFcnwO5xqfteahBASMwTKYFJ3EvIDDLCYVRhBNV4H= -2B5MmKOe033Cj4IgN" style=3D"font-family: Roboto, Arial, sans-serif; font-s= ize: 18px; text-decoration: none; color: black; padding-left: 3px" target= =3D"_blank" universal=3D"true">Read the full story<img height=3D"24" src=3D= "https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-= align: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research: </i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlrOQWbNaGF-2= B3PmFcA-2FG2Omld5F6SaegUa3vQpsVqPIg-3D-3DmSJ9_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQ= Fe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJ= Zaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJ= QY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUO8y56RzDrR0avTNhp2I3r= N7PHYe3uIscfQ6IQbirh12u3sRO1A4KiwnSkmldfpK1M-2FpjKlLeu-2BkxR-2BwGnEufEGsy-2= F-2Fr605poMPgbx0-2FJ21YvOmkmvejeh0YGrVv3YppzwcPmO7Xo7BPfJS3t-2Ft7SVCAD7LcSM= TV6SLtIibWnlVxCXnaie4-2B4-2FQlhEp1wU1-2Fbo-2F2GWs7IKEo1I9Fwq7A6O0BfYIrUX6AD= hofpD6s7aHoOJhnzjsogqpo9VdMfs0gNbtpq7kfQNY3v5glWLU-2FOUO" style=3D"color: #= 1D5080;" test=3D"" universal=3D"true">Q4 2025 Healthtech VC Trends</a></b><= /td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from AWS Marketplace</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_579257" id=3D"n_579257" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> AI in financial services: trus= t, risk, and what leaders should do next </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlrOQWbNaGF-2B3PmFcA-2FG2OxPXvW6WnSvq= GF-2Bh1OUMbhQ-3D-3DQaRO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl86= 44-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q1= 3QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8= dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUOzQ4NVFFucNGu7yex-2BDVvaMXj-2BHJFieo4s3ObMZ= 7KOMYQqv3La-2BNoS1hTTp7M1XAl9bxrqxqOjvk91PhtE2UHu6GuCZX1hyZUET6uvUyTNv0wz47= jFBGofTjl0oegeAw-2FWCvlnevvB7-2FKyaK6q79muW5Jfj6EMsYdOcdiVGVIVE4oZ6jzQs2WxO= RtMu5-2FVZTJjHdipEufTK7W0epkmMO-2B6bmLTT4a30HQYAI7H-2Bi7P5W5-2BICIVPFQQ9jr3= 8heLj7KoM2RHFpd5peSFOQqenW74"> <img align=3D"center" alt=3D"" src=3D"https:= //img.pitchbook.com/news/73520.png" style=3D"border: none; width: 100%; hei= ght: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>Financial services leaders must stren= gthen security, modernize legacy systems, and improve customer outcomes, ev= en as volatility persists. An AI-ready strategy starts with trusted data, s= trong governance, and scalable cloud foundations that enable faster, more t= ransparent decisions.<br><br> Join AWS and Moody=E2=80=99s for a discussio= n on what=E2=80=99s working now, what=E2=80=99s next, and how to scale secu= re, insight-driven decisions.<br><br><a href=3D"https://url6380.news.pitchb= ook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlr= OQWbNaGF-2B3PmFcA-2FG2OxPXvW6WnSvqGF-2Bh1OUMbhQ-3D-3DDaCc_Pr966knuaHmaw6c7p= KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF= 3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXI= cNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CP= rtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUNtkyqcpc7= 1Za4r1MIufa-2FmpP8td3KfIzuRPfadwe0WYzbtrzkbIA-2FYPQNDbqqMVG1h28UcYo9M-2FlnI= RgAEKhHObmt2fFjt-2B4kBeAlgf93LnMMSGrbmQKnkhjIJFPaFRMIN7mSwfYHN094qjU3Ehxa4V= KfRTFCfOR8VYzCzkfW3xNF4IRfd1P0gr8eEKVQtkVsda4Q7S-2F6bH5bZW6jtfH99aJ7485d5FT= 000Oo0zvlh053YzrB0scbGDzNoz3jyCvENkIuQP8zJuN-2FxpKi6oSTk" style=3D"color: #= 1D5080;" test=3D"">Register now.</a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>Before its IPO, OpenAI is already selling to the public</b> through = Cathie Wood-led ETFs. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlrOQWbNaGF-2B= 3PmFcA-2FG2OlrDfZwsDSplMvKuBhy8f5Q-3D-3D5ORn_Pr966knuaHmaw6c7pKvB-2BCEiDnj5= UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQF= e4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZ= aby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQ= Y6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUMXcRChFDDiVk5Hap0-2FRc= xNaYoAbtQ6mexo2gwUDHiR-2BlP-2FiM69n3SDZBQX0rcm-2BMB448BX-2FJRAVlxeQ4FeBULM-= 2F8B4Ape9op9vNA-2BxrHb7eHdMmPl8LkMBIb7TraeCBjtcTgvRn8pdn1yVkc4Wwj44ePIPiSqv= hxtYLzAUu13NyEf7QZ1fxbK5YdRzTOmsHEq-2FLWRt780XVuXg6xuIWEJqgQjhIJY3mxsCWTCZs= cHEs5XRfQjJUfy329W9-2B9hzd6a8Cymmwl8lfkDs3fqAbjwX" style=3D"color: #1D5080;= " test=3D"" universal=3D"true"><b>Find out more</b></a><br><br> =E2=80=A2 <b>The secondary market stands as = a clear loser</b> in the government's proposed rule to open 401(k)s to alte= rnative assets. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?= upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN= 7rWtBdP-2Bdf2z-2FTNOsRosfFUA-3D-3Dk3tb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL= 0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwp= TffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji= 7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h= 8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUNDJ-2FBSWonuIYIQzlePyoMJZZHS= FlvGn6LpT5IckDQdG5agQgCJGQqRfO1uLbDInCMohPQzmD-2BwVrZBJ7Brch3hPVvf4g9JfaMy-= 2BR6fygMzOPOZzwtjooBnt2bgP5W9m27WCNTYqN8EI1gP3ofeV0n3dL-2FLx9B7cznlec-2Frdk= BUbmjRK7FBwBs67hfUy5tjI9qwxipl99NpNMkns7EMXBTjHKXWBRsDdNY6gQhIv7s8CWCSg-2BI= Hd6M8dPsfTkKXbXqz62Iz0Wkq3BpGP9TRmQ40" style=3D"color: #1D5080;" test=3D"" = universal=3D"true"><b>Go deeper</b></a><br><br> =E2=80=A2 <b>Evergreen funds may cost more t= han you think.</b> Prospectuses don't disclose the full extent of performan= ce fees that LPs are on the hook for, according to a Morningstar analysis. = <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73= BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rqp9SKXNqcNa0Wc= oKFC6YXw-3D-3D0UJ5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM= cVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2F= pnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQne= e5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92J= oZvxXDUXneZHrHDFjQXyiTxFCVUM8xDgOKUHz-2FaEECwi1hbWbiIAhgTB4NJgIO0r0F8-2FIbq= X0jGw2sbkJ2ByxUsxIy0EH2RFemUSlUB8h3-2FjQxP0D-2B45UYo6Li2SK9ff2ppigkJ0pe8dLS= 8-2BJMUWEfIjnNkWVeXtWOcAzXgDgCBxn3TXlADpEneChupKiMaC8owrW5F79qnsY2vLfGIbz3-= 2BRk10kKe62EL2vRnzdT-2BsAPNalg1kqOltBXUnU9F-2FGFBskVz5asKb-2Bi7tLaHLx1kOGBR= t8kqNxuKtgJzHKUD0B3-2FRWH" style=3D"color: #1D5080;" test=3D"" universal=3D= "true"><b>Read more</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_579305" id=3D"n_579305" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> Nearly a quarter of Europe's s= tartups are AI-backed=E2=80=94but the map is patchy </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Leah Hodgson, Deputy Editor, European Private Markets</i><br><br> Nearly 1 in 4 of Europe's VC-backed startups= are now AI-related, and the growth rate is only expected to accelerate, wi= th AI funding making up 62% of all VC deal value so far this year=E2=80=94b= ut a handful of regions and sectors are doing most of the heavy lifting.<br= ><br> There are almost 11,000 AI startups in Europ= e, nearly twice as many as five years ago, according to our <b><a href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rJYm-2FhtLr-2Fp69mJEO7hrcyQ= -3D-3D7pmG_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsW= iOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7= KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUX= neZHrHDFjQXyiTxFCVUOAito0-2B7aOmeb8ae-2Btq67dMPz7dxunE4hVwoSUIW2GNGrlWlOFY6= X37UKRQrE7BQCnQYer2qWPmZpPq6qkxvKoxNvX85ebdpKHWh3oJ59QbJqy1eoEBY6O55F-2Fr9l= MGdJ-2BUgeWaCt6Ev8PK6s9nFJ2s1Om4hGwzUsezQLz6rUWfb2HWpqCzwd-2BZDm4Y-2FWLzcWh= kFYJQMIKb9-2FF5tDyCfUyHc0fYvxN4mjADHr9TZpC1mqE-2Bf7apxgNUm-2BW9ll6j61vsB9bq= F3MomjVwCbQwYlv" style=3D"color: #1D5080;" test=3D"" universal=3D"true">lat= est analyst note</a></b>. Just last year, about 800 new companies were adde= d amid an acceleration of funding in the space.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rDdKcuY30G= dXK54Z9-2FsWL1w-3D-3DC1s7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl= 8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0= Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPB= S8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUNY1KbRarHKkpuP60xLHaE12UcxBdqRYMt7rv6xKO2= UZmNeWgYCLiffQ6WMZqMP4zlDXQR1y81NQpVLc0oLHLThDwurKW2uBKMY-2B3FxOzD3Aiiyqlfa= ntvWdRLmiU9Wwqo6ZUDgWi9X8vVwJPS-2BXlxGKpXoO5p9EH3IXfsUDFrfnsfolFBcYp-2Fefg6= iFzooc82rylqlTyS2MFvx380ZAd2CrPx2WOC-2F8JMRsvDF9W3KCymNNkIzPEPDzmwQBB8sF3us= AQ55zGF55aVPI2GxmEEZ" universal=3D"true"> <img align=3D"center" alt=3D"" sr= c=3D"https://img.pitchbook.com/news/73552.png" style=3D"border: none; width= : 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">VC inv= estment in AI has already crossed last year's halfway mark, with around =E2= =82=AC13 billion (about $15 billion) invested so far in 2026. About 62% of = this year's deal value has gone to AI startups. In the US, the market is ev= en more saturated, with almost 90% of total VC investment going to AI, whic= h could make Europe more attractive for deals.<br><br> AI also accounts for a record share of Europ= e's VC-backed companies, which grew to almost 50,000 at the end of last yea= r. The number of AI startups grew 7.9% from 2024, compared to 1.6% for comp= anies outside the sector. But the distribution is uneven.<br><br> The bulk of AI lies in the early stages, wit= h a higher concentration in pre-seed and seed, where about 30% of European = startups are AI-related. However, their presence is increasingly felt in la= ter stages, as startups incorporate AI into their business models in a mark= et pivoting away from traditional SaaS.<br><br> AI penetration also varies across markets. A= lthough Europe's top VC hubs=E2=80=94the UK, France and Germany=E2=80=94dom= inate in absolute numbers, smaller ecosystems are achieving a disproportion= ately greater impact.<br><br> Countries such as Portugal and the Czech Rep= ublic have a much higher proportion of their startup ecosystems concentrate= d around AI than bigger markets. Smaller hubs tend to be more specialized i= n a few strategic sectors, such as AI.<br><br> The picture across sectors is similarly unev= en. AI activity remains heavily concentrated in traditional software vertic= als such as SaaS and big data, with comparatively limited adoption in finte= ch, cleantech and wellness=E2=80=94sectors where the next wave of growth is= likely to emerge.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rDdKcuY30GdXK54Z9-2FsWL1w-3D-3= DNBnI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH= 20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQ= Gh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7Ktfsw= gX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHr= HDFjQXyiTxFCVUMOqjW2susLuswTBh-2BWvgzcTRVueJ9qPG29TrPh20FhkydU0-2Fa6vPafXUR= rXJ4KFD9eAvkc4DpAAxDRLaTYYNEh8-2Bogt-2BUugKwwAuQhu8P6yzZGvnvLtDifgjYkpANFA3= OW6O8D-2FlbZ0L6ahuTZYl-2B7Bx9O9hECA99rY4174tRSziXILCjbKUj9TizMLl9F6yFBEAUKk= YQAvp2ZE-2FVZTrgGzZe7Twat9JbPGI85AQ4XBla3lEWprGmQwpc65P0rjlGS1L2xJVE6L1-2FY= TzxYL229" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px;= text-decoration: none; color: black; padding-left: 3px" target=3D"_blank" = universal=3D"true">Download the analyst note<img height=3D"24" src=3D"https= ://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align:= middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated article: </i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5l= CgtDzN7rfsA5Z1jXA8EHsArZ7O1n5Q-3D-3DUusU_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ= YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eV= wpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0= Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK= 1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUMSXZ17I7nv2j-2BnLkEdS2IqI8= tz-2BLrJ2e-2BT5YocJBb5M7Yy5AarrNxw0kQcKLmvFKq3B7RxdghFhZICyJdCj-2BgfZaFcX6k= r3-2BcnfYATrfLTzkdD-2B9k2P08Pcnv3VE2kOPRh49fde5-2F7KKRqk90KsKIn8IaQPpiK9bs2= 5-2BLBSD3I7fxn5ZDJzCGjcyU9OdR2fDxvMhfeqbOP-2BBhvWP72ilpVtGE0SnCyaNbaA9F7XNr= JgT3JT2wJLe-2FRB-2BzCgla3Trg6OKZWhqGZWPIbH-2BNPQIsJ" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true">The AI race is moving into the physical wo= rld, and Europe has an opening</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>Can data of over 12,000 junior = professionals tell us what it takes to become a VC partner?</b> See how fac= tors like race, gender, startup experience and when employees enter the ind= ustry influence their VC career trajectory. [<a href=3D"https://url6380.new= s.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzUdgbWweIvvOe5lCgtDzN7rAc7dzPOzEDeXfB4AjFMSmQ-3D-3D0lne_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pk= ZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1G= XIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2= CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUNDZEHQP= rrlsNDETvQE5GweFrrvZgP9QGEpbcBcjCbg3Zhd-2FwA2uH76TkYtm3BtrHj1jZKKCbF4g0haux= OLMjdCXZfvZLqGKPhXt6VH97-2F5MLimaiD0MS1ri6Da9W69UU150ORxzcx6OLDuK919vsbLFuU= 3D-2BXAvCKtl8rJ3DLsABJ3pO9x5it7FzUEG9BTabl2QGcnsbyTKP8g4idF-2Bmgadhk-2BHtQV= 954dV-2BhgNXoUFNVVn7EM5psLtKTKNC1ltvhI30IuU-2BcUHZk2gUK4YPil" style=3D"colo= r: #1D5080;" test=3D"">Ilya Strebulaev</a>]<br><br> =E2=80=A2 <b>Another long-term environmental= and public health catastrophe.</b> From air pollution and fossil fuel emis= sions to missile debris and clean water access, the effects of the Iran war= could linger for decades. [<a href=3D"https://url6380.news.pitchbook.com/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe= 5lCgtDzN7reuV-2FbFaqbwud03RpeIsxHg-3D-3DhlAe_Pr966knuaHmaw6c7pKvB-2BCEiDnj5= UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQF= e4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZ= aby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQ= Y6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUNl274bLyRN3ZL-2B5C5WPG= LGSQJPJ8gMh-2B7jXKAz12GMlSAy-2BofRzvijuq6plYlDigqoFMlmb8wHVRWXZJsDnPRPBixCH= BPB3aAhBnMvlBuN2qAveHJ5CIGoEEY90WD8NI4PtGHZ3KhV4wmw-2BVLHu3bClUdzVYQzwBiwDx= wPDDBNFj5bvZS6s-2B9CPrcVqhwFP3E7deWTEQQRh5vZKd-2BJfpw90v9Mi-2FgAJHv6EVx9-2B= FzFxqUlK79E74u6upmb3e6LC6G85zFu2x2JrvMxax7pthla" style=3D"color: #1D5080;" = test=3D"">Associated Press</a>]<br><br> =E2=80=A2 <b>Corporate landlords, which incl= ude PE firms, have changed what it means to own a single-family home.</b> B= uild-to-rent properties now account for almost 10% of American single-famil= y homes, but new legislation is pushing back on corporate involvement. [<a = href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rn9ssR5alyIECh0cl1y-2F= Xsw-3D-3Db2Dd_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U= YA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2= hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6w= Vw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxX= DUXneZHrHDFjQXyiTxFCVUM7rGBCBEApRxhW3wZxB7Qh7KVbUeXENNBm2qVdQ3fZ3Zs2SpsEeWf= IAY7FvxSFWHkk3BnHJoo6odT-2B7E7Y0We5BGWdJ25kHWKGYmNHAHYPfL-2FDkP8vdX7uxni90r= yRYdXQfmYoZjPukN3Il2izCH4dXPAOU3Rwp4nJdrlS-2BzlQ0TbUmNjtmM-2BgaiwkTq9lsWsBF= Q5Aa-2FNqrKVY-2B9kz-2BW43imATcHy6uU3vkdF8I5F-2FuIRuqHV4GSrY1lDmEyXkjFECTLs5= 95fGVNXqHuTXx7zO" style=3D"color: #1D5080;" test=3D"">The Atlantic</a>]</td= > </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td> <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D= "0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 5px; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-counts-title" cellpadding=3D"0" cell= spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td align=3D"center" style=3D"font-family: Roboto,= Arial, sans-serif; font-weight: 700; font-size: 14px; line-height: 27px;= color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr= ap;">Since yesterday, the PitchBook Platform added:</td> </tr> <tr> <td> <table lang=3D"x-counts-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t= able-layout: fixed;"> <tbody> <tr> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 881 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Deals </div></td> <td style=3D"display: inline-block; min-width:= 25%; width: 25%; text-align:= center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 2641 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> People </div></td> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-al= ign: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 1172 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Companies </div></td> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-al= ign: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 69 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Funds </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding-bottom: = 13.3px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rYbnYh-2FdQS4YPXfRfQsZQow-3D-3D2= h43_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20= enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh= 4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX= 8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHD= FjQXyiTxFCVUOT9fxtHUoDIuWwHMZD1K1ChPxvOjgWVmI6yoFN838WvI-2BNyf0Z9pRAdTW355u= CkKHvJfH3s6Z0qnEub2YGuTsm2fVOVJ-2Bk6GWpaI1x8-2BGVy3qvNlW8wup0yrvkhnBk5WEj-2= BlyoQNivG3Jd5esl0mlveCirRPEMX39VRJXPDHp5o7WnDD-2FcY5udXfjcRZ-2FoTaEg8ydxOdJ= IY3jzo80T2D74C63Deepdd8mD2FbbQXecjEL0OUNaiJmA0jGm25gU4hdvoIxFfqyXo4Zy42XXI3= d6" target=3D"_blank" style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E; width: 150px; mso-hide: all;"> = Request a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_579315" id=3D"n_579315" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2018 Vint= age Global VC Funds </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table cellpadding=3D"0" cellspacing=3D"0" lang= =3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: = 10px; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Median IRR</td> </tr> <tr> <td style=3D"padding: 0 0 20px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 61.61806208842897%; mi= n-width: 61.61806208842897%; max-width: 61.61806208842897%; background-colo= r: #1D5080;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">13.10%</td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Top Quartile IRR</td> </tr> <tr> <td style=3D"padding: 0 0 12px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;= max-width: 100%; background-color: #40C2C9;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">21.26%</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout= : fixed;" width=3D"100%"> <tbody> <tr> <td align=3D"center" valign=3D"middle"> <div style=3D"font-family: Roboto, Arial, san= s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27= px; padding-top: 5px; padding-bottom: 5px; float: none;"> 0.16x </div> <div style=3D"font-family: Roboto, Arial, san= s-serif; color: #000000; font-size: 16px; padding: 0 0 30px 0; float: none;= "> Median DPI </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-performers" style=3D"min-width: 100%;" width=3D"100%"> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-title" lang=3D"x-performer-title" style=3D"co= lor: #000000; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 0 10px 0 = 5px; line-height: 24px; font-size: 14px; font-weight: 700; font-family: Roboto, Arial, sans-serif;" width=3D"80%">Select top performe= rs</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzUdgbWweIvvOe5lCgtDzN7rXxpgCcPSsrhAJ14T5PNqkg-3D-3D5Srd_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pk= ZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1G= XIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2= CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUMoh6Tlj= GlZUs0WKJ93-2FOygsH8-2FCaFklO0TOCrghm0zzV9eOhw9mXXygCGvxdMlt-2FKGlOWUr0hK20= -2Bef1PSlfa8KcsGR4NJVC0n1SNTIfUxxjA2OQFYpg7jmDeXaD8R1gqXENLXGOsfMXQbQr-2Ftb= DbcsWsbWmnWZV2YTmGbx46erNfJlnLdTUpqU-2F5sUiQJxa7C3H5lnwgQaOWTMbLOuOJVRzdWd9= wHCP4mirZn61gUW59oIn81d08TqJvvqey16-2FYXtWdEVVIxTQ452h5LgP7b" style=3D"font= -size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Inter-A= tlantic Ivy </a></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzWaGk9FGWkgRynoHnioBZdoGGxxDf3qC-2F6IFMZX7rB-2Fgw-3D-3D_LDq_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2F= h9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2= Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5= KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUPCz= Bb7JYBzBqyoCNXS0ROZQh8aPgrxN0oiunze6sSElh9z7AIZ3Ts-2BnoHXra5p1dF6UVFRT71Mrn= XAG3IvmsB8s9xaYCn1MbcJSNUB0h-2BRAJTgvhqxG8MviSoD2UzvTDNivi6X7FDb2RsRYvAN3cB= TDmZRbl693eduY6qrlDWCAb064GmTeSmwwfN3WPN9BIX6-2FyvqtwhHYvsnbltzkHMAaTb6FfMc= bjTYu2HiOprIiVa35cSi1-2FWlBv4nLO-2FvQVYgQ-2F1RrwFk-2Fa6-2FhQ9KIuY1" style= =3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"= >Tera Ventures Fund II </a></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzWaGk9FGWkgRynoHnioBZdol7t9OD756QL-2B73GdAmLoKA-3D-3DqJNh_Pr966knuaHmaw= 6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9= pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc= 1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KW= j2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUPAGFE= xuGqA4AUhXlP2c3GekLaXkuqLpDiHWwHvhAYCcGHvK1fRVMOC0OspE6obFlDfsxmp-2B4tq0eK8= OipU8eHTzo-2BYCB8LLXEPW572kFNkwSV4gql7iYes2KntFCMx5J0OsCvvgq0N49QenLMDDITdp= QZ8O0g-2FPCa2nQvsF2aHDIFq7tbhfK1oOr5DkBnvraruN6YQ-2FNvvZvv9ooagK11FSGQuwe3T= 2BQnjlzVAe3T5p5kLvdWnIsoT2w1N31PfMhBaP-2BbiQN-2FLnxRYryMEEzl" style=3D"font= -size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Forward= One Fund I </a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 14px; color: #78766F; = padding: 25px 0 5px 5px; font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td> </tr> <tr> <td style=3D"color: #1D5080; padding: 25px 0 2= 0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWaGk9FGWkgRynoHnioBZdoy1I-2B= xMo3lXUjLuDfVWloAA-3D-3DMGMD_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4= BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8o= IHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiF= ts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033u= nPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUMDV-2F3AB-2B6M72U4vjDXvvBPfpxMPYSWdYVU= gFOMkK5hYIwKh7G57ZukUdj5jfpKeYTrXPpGRpFvlelmVYEFyQd24KqCvabA17WWpEdbkWeX2Ce= 7KGWLd5tc0zkgwhBRmGRGFVPPZuMI-2FUsJpS5aDU03iwAUjB2dVjDOlqEE6JW9j8XfrytE3dJ5= fH8S7Q5jpvUZdFaVqbOcRSNaZPGwmQNx0BRPXeY-2Bq6-2FLI6ESuPcuiw0snKsP4-2BVyN093y= 2i3joFDifS5UP44cH9-2BA0w-2FE-2FHK" style=3D"font-family: Roboto, Arial, san= s-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24= px;" universal=3D"true">78 Funds in Benchmark =C2=BB </a></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check = out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWaGk9FG= WkgRynoHnioBZdobgakxr4m-2FB-2F678fp7f9T3g-3D-3DUkV0_Pr966knuaHmaw6c7pKvB-2B= CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp= 2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15d= 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min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzWaGk9FGWkgRynoHnioBZdoL2wsy35-2FWHE2mfg077zwww-3D-3DL= P4W_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20= enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh= 4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX= 8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHD= FjQXyiTxFCVUNVaaFz7BTR9t69pGqx68sJ06bixajrgIlToXA21L3oSdo9yi7b6MzCNURz3BtsZ= 6oly6RleRiMHvWE846hKHvfKMSTi52vF8Td-2FEccIFwYpEjsD0-2BZhoHcXGA-2FeGw5co-2FL= FzVFluao8ogF4sN2OiVARaA4eHdwAALU-2FXEPn-2BNQ3OdfYiJd4pP8UQaDeJi31j6NMN8GFCk= NqKMZ-2B-2BziJQghoiDNcKj91L5waySeTb9ajIB7gNsI-2BlWrtHm4Kaq86F2w-2F5WsI4AjQ0= -2BhpDGlAjDR"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad453= 0/Churchillmarchhba.png" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; bo= rder: 0px; display: block; width: 100%; height: auto;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>People</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Seq= uoia</b> named <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWaGk9FGWkgRynoHnio= BZdo0jLSPE28-2FX4ulOdcpZAjzQ-3D-3DBVJq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL= 0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwp= 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lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>VC Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;"><b><a test style=3D"c= olor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWaGk9FGWkgRynoHnioBZdoV= FFmwSghTjY7F4aqyr1mUg-3D-3D2Isr_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B= HR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8= S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6h= WiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk0= 33unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUPuL4dQi3HSKyMEmSTPvoAUhiOuUsTisYVoc= as8wzGAKrmFk6bqpK5c4ZCH61ZoEOT-2FwTLYQW71KUBQyjvXd060NpxSK5NIP-2BfPbpu8QxtT= vpF352tYEXvsnz4JLa1Ta1Kfm5xxtW-2B6RA-2B2q4ga8JqgSPf5oIFORgqrDZc2p7gtBSiL87g= iQPtRCOCZ1ko5IaHJXoz9ALOt7oYEhf38qgLbBXoaa4lZvcqKXMAyHbs-2FTKlFnA6MAdZQHgae= U-2BhiMN4WhTyB6mvzvac-2BegLBq7ee" universal=3D"true">OpenAI</a></b> raised = a $122 billion round led by investors including <b>SoftBank</b>, <b>Andrees= sen Horowitz</b> and <b>DE Shaw Ventures</b> at an $852 billion valuation. = <br><br><b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzWaGk9FGWkgRynoHnioBZdobgkLvURhNW5148oGk2nTCg-3D-3D5ior_Pr966knuaHmaw6= c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9p= kZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1= GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj= 2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUMSy4r4= bxLK69Ex5qtFvXcmaqps1SwPFYVF6oZCf7jdnVXaepGG-2FGwuVAT966ZnUgrXolJVJz-2BV82r= 1h3ffLhhjQiEXIfPC8IENGFTwyTNem2v9LGzUtg9hQazSo1Xn3q5x-2FlqcpAmJX3O-2FM8Zr2Z= Y0T54z75ny9WY8y0-2BCvCVAizFlo9COxHQS8Af-2B7f-2BwbCEcT0pC5mYEUcG2jReJ2x-2B0c= urRZK-2BYz1bpIzUVaUllVuy3MzXhJoLOyynMH4HCGmi-2Fu6SXfvIOL-2FifpZl6sPxd" univ= ersal=3D"true">Saronic</a></b>, which develops autonomous ships and other m= aritime defense tech, secured a $1.75 billion Series D led by <b>Kleiner Pe= rkins</b> at a $9.25 billion valuation. <br><br> Wearable fitness band specialist <b><a test = style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWaGk9FGWkgRyn= oHnioBZdolWmvdjDmt9hb-2Bn0K1qzaew-3D-3DwO5y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe= 4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZa= by0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY= 6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUNTbIFjvfElztAH3JmhwjEgI= 9Y2zR3Fjq9-2B1ENixbc-2BanC3dVXN2sbx2enNJx8ouMwnIIFkK5JBlw8jg-2FWMo1uOw8xPPO= UmDpFOWFfUmU-2F5WNICI16h4S0-2FRpVuPiEQXck87JGNtLusQaP2HNWS3HmeJddt0stUwPRqe= FmJewbEd4NB56juMI5l2cpqY2TPqqlwaq8AaTZ7QMlkdHKftyiJ3-2FR3VmQTSslnxzjH8L7tB1= CG2kTGe8KJ7-2FxexEf5nlacTkmbJPicad3N-2F6o-2FtnyB" universal=3D"true">Whoop<= /a></b> raised a $575 million Series G led by <b>Collaborative Fund</b> at = a $10.1 billion valuation. <br><br> Cybersecurity startup <b><a test style=3D"co= lor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3Eje= Go46NqJ5L8V1sjemMRgng-3D-3DsfXR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B= HR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8= S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6h= WiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk0= 33unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUNv-2BKwUbNTfKK7KHm-2F1W7kqZetqn6vYO= fy6CU4Ls5FYApFz0G4btuP5LgA1ihk7YULfxWKE0BCOxxCHsk36CRCYyIf7Oc4kA45t-2B2spP7= C3oysna7TQeDL0HrwFJkv2Hn7yI7OhljgOuBdahsDw5j496oPcaGXKZz-2Ff1faIQwcIaqPMlHc= ZVBa1dzwquS5EG33U33C9TyiTfcSOXAXvwxIGt6UBRhcj7JQOXSG5fVBXENlbywRIzd31lEBsVT= YPBb3OHhtjIJleYuzE7UjTorHb" universal=3D"true">Tenex</a></b> received $250 = million in a round led by <b>Crosspoint Capital</b> at a valuation of over = $1 billion. <br><br> London-based AI chip developer <b><a test st= yle=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZH= UTln3EjMRGGXYZX-2FORFVlaOp2MTLA-3D-3D_3ss_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl= JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4e= VwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby= 0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6q= K1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUPXOcbn-2Bupy-2FVjKbES0qxK= MplviP4n8jKQh1qcy1wQ4LxUp1f-2FW3qgMTaGktPrYj6Aq5bU4tsRDQV-2BAkDzrp4aVoEXsgv= oT04hxiyKglJoxEFSWLiCXFnwMARjcldKTZPTIQ0uZBVBVRMtyQoeQDjpCrxxnQqonbN6ZOwM-2= F9k1gq346fFmhdkmCdq78y8FAjr2YIzVblSTVsyCQ11OnLMidDyIMbpuf11nwQjCZI-2Bm-2ByG= ZJN1KjOsnIMslG7oKhyfwYPJv-2FtOc6MWSbjtIveU5o" universal=3D"true">Fractile</= a></b> is in talks to raise more than $200 million at a $1 billion valuatio= n, the Financial Times reported. <br><br> Colorado-based <b><a test style=3D"color: #1= D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3Ej9QCjEWJxk= ej9x9PuIlnfcA-3D-3DXBum_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl86= 44-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q1= 3QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8= dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUNhTOFeewZS82AEcSlnwnkm8gpOxQ7gBdYnPPeAILV1L= zX66N-2FoJDdHkp2gOj4jqiaHJ4JeYv2BqtqRql4w7CJQzIR4GaVLxPVXW4wemnNg8eaIxWIPNM= 0zUsTRUKxr6cwVworQbH3ZiL2YB2yErF4uA-2BkGHvvTS0c8qGh1oiFSDL-2BKMXY1-2FcQGTVb= 6mp-2FRR6eSq82WtGVcSDitd8qN1TDGi93EEOYGt-2FBXEzZhV6CXsgtHNq-2Bkx3JVmVi-2B1j= Z84j5w6qUfiSItP-2B7Azuk7VHcO" universal=3D"true">Ambrosia Biosciences</a></= b>, which focuses on metabolic disorders, raised a $100 million Series B le= d by <b>Blue Owl Healthcare Opportunities</b>. <br><br> Cross-border payments infrastructure startup= <b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX= qB883z5USPVvZHUTln3EjYZ2Keei-2B8xAdb6e9BO2okw-3D-3DgEdG_Pr966knuaHmaw6c7pKv= B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3X= fiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcN= C15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrt= oUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUOBESis-2FjT= 0sn9DBIggEAw1S635UnpvewTb4H4TySith8qEHMSKiwUB7eGWd6o0QqH2UXEEHQRrsDhXtWjA-2= FKZydRGwwB7StDwiEvSjafZY0azW-2BUg8hXy9-2FnERFZFSctUVr-2Fx99cm-2FyuwcdEOMQYn= H9g8MehkeBUPoeY-2BELejPFAsq9KA9V4AaB44TH3r-2Fgs9KN0XCcbrEaF07NAM3O2wSVI7R0R= z3zkB20CYjJxJ-2BUuSSKZXSXgkl-2BBNFI3vvRG-2FaRx-2Bf6XMrLpaVCzFZ2MQh" univers= al=3D"true">OpenFX</a></b> secured a $94 million Series A from investors in= cluding <b>Accel</b>, <b>Atomico</b> and <b>Lightspeed Faction</b>. <br><br= ><b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX= qB883z5USPVvZHUTln3EjQH-2FCDiFN7zg39lUN3-2BcRJg-3D-3DKDM2_Pr966knuaHmaw6c7p= KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF= 3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXI= cNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CP= rtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUMMKKJI1-2= FhbsfBHfSEhbLz8kFsqI2pGeLxLKaOvrcXpwpUQEwg8dsKWYhHmB5QefYQXPSCr8uGiAYOgzJw7= CerlcLh0fF-2BvK1od-2BJvryQ6yKy-2FMXUy-2Fo43mzn7bOwoHyQ4cvCcEf3ykCcPgGrTS-2B= KeXxgzeiaxfNfMtkUKdF2-2B8ZYiRLBPoxU433CL1RjxaeDySOnW8EHhFYkT-2BrODgv-2BIMpu= Vt2l4tzk-2BvsvoAiJRWTa-2B4cwXNcW9XTRjel-2B44cGUpo7qZI79dieMvl47A56B0" unive= rsal=3D"true">Depthfirst</a></b>, an AI lab developing a threat and vulnera= bility detection model, raised an $80 million Series B led by <b>Meritech C= apital</b>. <br><br><b><a test style=3D"color: #1D5080;" href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3Ej12Hq9gdUUgQxyOEvIyhjAA-3D-3DF2Nv_Pr= 966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5= Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2= JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAV= pz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyi= TxFCVUOlI10Idb-2BH-2BGowc0sOokw7u9FCvln7wLpwPDVpIVqRNpDwoGFKQOeVYOM6lA6QzmC= 9x9L91kzEDh1Z1rnA4D8jIcfXkcvkHlGTKx6DJxtUuYqEhz2YgzV-2BN0Novl8GNG5Ck9I-2FWR= B4K1ZDHK2NUAnVluB1gNi-2BT1nCAXl5jYWvro5LMVyqdW3cW6B-2B542fIYHX0G20xXDH2QlkK= Bv5Q9B-2Fh9QPegzwhIALpWOPXxCE1vNoeholvajw5BJBSwNMjCxO4L1T9EnSArQ4MaKnlXcE" = universal=3D"true">Sycamore</a></b>, which offers an autonomous enterprise = AI platform, received a $65 million seed round led by <b>Coatue</b> and <b>= Lightspeed</b>. <br><br> Legal-tech specialist <b><a test style=3D"co= lor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3EjP= QPCx0Ryz6AUnSLGIdchZQ-3D-3DKvLW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B= HR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8= S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6h= WiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk0= 33unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUOylEGmMlO2rt9r3FpRXaey1PKHQ8fzMA2H4= pG4tum5dkHl4UqAX1hwx8OM7E9UFVlwbWVrbjDOvscJLMw-2FlpjF2WXxbmYuJNvHjFHSFSv3iK= 60fE7miCeKolPt-2BCqIJoVX5V6-2Fzq78ZNeiR2qIwugHUOZAZoNp0KKUdouRKJA4jksQky9F1= ItCXLbzvhInSz8NAR8vtIMy4RBUGtQAX2h4nmWkWBJvOL4JMx3DDaFYFKHBrFeNng3HByQcudky= IXQALTt41Xs-2BfdPIIEGyT3bd" universal=3D"true">Crosby</a></b> raised a $60 = million Series B from investors including <b>Lux Capital</b>, <b>Index Vent= ures</b> and <b>01A</b>. <br><br><b><a test style=3D"color: #1D5080;" href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3EjbNj38q-2BeE4spz9dLB4K= ybA-3D-3DacVs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U= YA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2= hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6w= Vw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxX= DUXneZHrHDFjQXyiTxFCVUMCpNE2YVxPpyPqShlwcPnoh0UYblHIJx23-2FufSQCYyD9s5AJfYG= ePNKiSOO8oFXhUXvaBZ3y-2F890as4bAQfMtZUUOCyLIU8G7ph42Uv5Y6-2BdW89wnDxjWVDEPI= CKNroy6FddzpZw1JIHvAt6w08fzWyY18L8rCeRGb1-2B8BtZ-2F-2FLlEoMqdf4pdpBoZAHxPN4= LVWEqwiJQ-2FoXH7QU2G1KgvQvNbgB9ZBtVtb4pH0VCeRJWPVjWsNQliuefEW0mWbFiG6t664AR= SzMQINv-2Bmxd0jh" universal=3D"true">Standing Ovation</a></b>, a Paris-base= d precision fermentation startup, secured a =E2=82=AC25 million Series B le= d by <b>Bpifrance</b> and <b>Credit Mutuel Innovation</b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>The= Carlyle Group</b> agreed to acquire wealth management specialist <b><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3Ej7IOVgSLaJy9fI55kDE3k= BA-3D-3DHqwq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY= A68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2h= sWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wV= w7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXD= UXneZHrHDFjQXyiTxFCVUNZMlXmKIWkJ6-2Fx-2BwiUpRWTIrqpAueufizqtKdTOdm8DEoj5p3S= 3LWM-2BgfhuttMQt8LosXY5mXjGX-2FpqvQkCE-2F7l2Ks8QaA7JlqcGvmWyVRC7K4uatQI94ns= PTjj-2FH3xe8BfCUpxZ6rYhjSowcpDQVTMMmQk5XjzQGR-2BO91cMaGMdkdv1IAOPg9ArsUctAP= TFfx2p4r9trFvJy-2BzLzZBT859g0svCnmb9AosNHFL7aOqmf2zO6AZzh9KrRC8vP6BboUkP-2B= XKS5G2igTUA2xSVeu" style=3D"color: #1D5080;" test=3D"" universal=3D"true">M= AI Capital Management</a></b> in a $2.8 billion deal.<br><br><b>Accel-KKR</= b> acquired UK-based payments software company <b><a href=3D"https://url638= 0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzXqB883z5USPVvZHUTln3EjNPr1ss2qpz6e8pMZxs3I0g-3D-3DnUkQ_Pr966k= nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3j= Ej-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWV= xlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3x= XrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFC= VUNcq0LedYtUv-2FZBPv0xCSLoei9cM-2F1q4-2B9jPWixNirRP-2FUKDwjPSFz8V9rZa80NbCY= vaikkf0XnDD1iLBgziiwZjYp-2FThhn-2BGh7fSUrVOyUa-2F-2FxzEGW0iiovYEmwVQKRoxzy8= JCSITbJdSQJ2qc7xUWtrIvK2VkTXORkLypQGBepJJLOp8V3UOfprZVAPJEoamQB6jLcLLeHJy3d= Slk0-2BVBQdcsGoE0IgkMA0ZQHH13xV7uBLSU6EjG-2F3wUjgySk-2BmtLzHJV7Yl-2FxDK3H1M= 8zBy" style=3D"color: #1D5080;" test=3D"" universal=3D"true">AccessPay</a><= /b> from <b>Maven Capital Partners</b>.<br><br><b><a href=3D"https://url638= 0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWi7rlJzMpF-2B3GyCWzzeDRSHQ-3D-3DAa95_Pr96= 6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne= 3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JT= WVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz= 3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTx= FCVUOw8A-2Bu89fEpwEFRnE7Uj7lnSLU6-2FqbeF0LS8kGFhCinvFHtlJM9OREzk5KC99HPG5Ln= RYyvXhrb4m9HwtCOqjqNuy5iY3zk6xKAk4kPs7ZkLGXcWvSzfK-2B8fiEyl-2FuaKTjejDj4d1y= VEA5pVe7vajwxCKDevdrU4NBbwKIotU5v0WxWRj8U-2FDqYJjNJDx8yd0akBKmdgIrmucf1LOXG= fC-2BGztmI9xqWuk6eqHF2XlZA2LIuyTm8EVikrgTgk9UgjyneIdEBDveYxJDuaoup00V" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true">IBase-t</a></b>, which d= evelops manufacturing software for aerospace and defense industries, receiv= ed an investment from <b>TA Associates</b>.<br><br><b>Cordillera Investment= Partners</b> bought a minority stake in UK-based sports law firm <b><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWisVRnIVyAsVRLz-2BUJXs= Uf9Q-3D-3DHXwk_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8= UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv= 2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6= wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvx= XDUXneZHrHDFjQXyiTxFCVUPF5XYpxalmGzVuk-2BKSdQrTr7YZ-2FkQYR3-2Bp2CZCPoWABbiZ= NzriYqPxQPhFqAjXAD9l38nHigWXqJkFq6gzCfc78ayGTO-2BZeJj5Bkp-2FbRNqm-2BF3WVuGL= 6rRoKjxfM9k7nwcEQTIBpUuv6-2Bmy-2ByrmR1WUpFieqlay3sCCnbkMeJJJgRO0CmQsCQrkgv3= Tzsx4Fdds13CP8F3Akg-2BO4KBqvzdoIoFS51HlvfvMybnWoPEv1KZeU45FzDPIFPll9lT9hVzf= ZJzt7z-2F-2Fr-2BVe6RW9ZUe" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Northridge Law</a></b>, the Financial Times reported.<br><br><b>26No= rth Partners</b> agreed to acquire <b><a href=3D"https://url6380.news.pitch= book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzWGeGgJNLPt9MQW27UN4tWibpZr1WsrmiZhg66jG-2FLZUg-3D-3DRdri_Pr966knuaHmaw6c7= pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZ= F3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GX= IcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2C= PrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUPF1nEq5P= -2FRbIJtBGqYaafoFCHKCDTzdhULb-2B28phZZO7JzSgf8rQse3l5ZKBv5JPDeamoohyKg4eBKR= np9a-2BDM-2FLUB9QZuZUc-2Fdi3d-2FCqsCfyqThpkUgqZlBx9dW2B7R2QR5eDRawnoAWbcIbN= hycth-2BXsGBNHmlxbQukW-2FOsp5PkNFhB-2FhmsxrecuEdmNdyt-2FwrV0hkPrP-2BW4JdkRQ= 2do-2Bf9GhUqqWXO0P4bIWp2CIRvwRHbiauHBRZc0jslAaVYcFxZPTOb14wcty7Fg6aKo" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true">Intermedia Intelligent C= ommunications</a></b>, which offers an AI cloud communications platform, fr= om <b>Madison Dearborn Partners</b>.<br><br><b>Mountaingate Capital</b> acq= uired <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du= 001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWiEXOs3= jcsS50A6B6ZlXK8TA-3D-3DSLtu_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oI= Hl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFt= s0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033un= PBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUOlcBrODZjdigH45elujdAzjyMlsIJiuDnbIPwLu= A1kvYuXvfhgTO9p1DY9kDU-2Fuhgi0d-2BSlPmeO9ecDDRg4oBfgEAj4SqlcgmOO6WKnN0xTo90= LVxA9YBbs02ue4G0W-2Brlsm5CfXQ1C1FPFG8Wg2Ojd7HS8TsaloMO1gwBJV8PHtYSSKbfQ7PWZ= gaF6RbU4DAByZoS24guNpEVGOOcFX0Ny0KFAImsb2DdYnjyQEdoMHXcVseA9FZ0dmV01d0K7ZlI= NecVEyz0ed300exflxOF" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">UpSwell Marketing</a></b>, a direct-mail and digital marketing specialist= .<br><br><b>Closed Loop Partners</b> agreed to acquire metals management so= lutions company <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27U= N4tWilcMmkVPeCuMqUlSRyZvAww-3D-3DwtIi_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0= YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpT= ffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7= kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8= bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUM615k5F2TIkdxQU13C-2Bl19x-2Bp= BES-2BhWQoOUDlU-2BCiMfqy-2Fv-2Fzd9rk9IdtVLzFKvTRgnZMIuGlSP6Tw5SKFkGwmdf6tNl= YDcESAnAhlIbvXqfYhTLIUzAq4dI1r1a-2Fbjt6QO9wyySjFCovm5K6IffS5q66XkRdG54DRa35= cOVjtOSKQpu8Qr3GoTzp6oxNybJKDuqdWly7k0Joa5SM3uP8miuGI4Gp8KI1i-2FIefhse-2B5x= 2WJOalc8HxM3Wqp3jroPJH-2BKhc5qQlcYEGWuMuXGE1" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true">Sutter Metals</a></b>.<br><br><b>Fortress Investm= ent Group</b> has acquired <b><a href=3D"https://url6380.news.pitchbook.com= /uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJ= NLPt9MQW27UN4tWi21RW0w35UxqMiCP1Gv4eTw-3D-3D6lDF_Pr966knuaHmaw6c7pKvB-2BCEi= Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0= 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</tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;"><b><a test style=3D"c= olor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWi1= DQ5wkoGABjd0WzfvF-2FoaA-3D-3DFhiV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-= 2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJi= y8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc= 6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgL= 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lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWidewk3BMcTqCpVE80i= vcOAA-3D-3DhTp8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf= 8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnO= v2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r= 6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZv= xXDUXneZHrHDFjQXyiTxFCVUPvQl-2BKBGMjSBxlazL3L3xODLfPhOrkDsUt-2F8tTSeWJqaikt= 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style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Corporate M&A</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Eli= Lilly</b> agreed to acquire <b><a href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW1t9= g3-2BQ104jiD8I4SEoT2gvgLUlUgHVdb1E7OR8H3hg-3D-3D1d_B_Pr966knuaHmaw6c7pKvB-2= BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiH= p2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15= dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUT= d6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUPUgdbPxZzEXqfj= lco6SQFx1TrfutGXU9QrpBaceK-2BFCerHwHvr2QnWmIbpTG046RPON-2B0I6xBMRXale-2FhzR= MwZ2jNx1FIpo6oGCq4d-2BqOSmYNicJ2zryHl-2BiuQCwYQQmLPg8Yat26jOPmSUgPoTM1oJtBx= 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1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW1t9g3-2BQ104jiD8I4SEoT2eJ2Gp6x= wUNrR8SrV0Za5xQ-3D-3DwAoQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl= 8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2Bc1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0= Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5KWj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPB= S8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUPyUL-2BnZLSJk3QK6ttilZIM7pAtOxIZ2mAb18b9G= zev1TNk5veGnSngpAyi9xFBGxXrJ9ZljKLZ8oxOsjpQViC-2FCTrbEtwJ5wUXliz0n2mfPbKKEr= ZdXRcS1tZVonXui0DnXzMWeDfBS1z9pp8LJmUVPKBrEW1r-2FzijyLcRhYXqWmNtcvrrtxfws5m= 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nswouzW1t9g3-2BQ104jiD8I4SEoT2GPGqET8eDSzFosoSZf0nIw-3D-3Depky_Pr966knuaHma= w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRH20enKBN5Ne3jEj-2Fh= 9pkZF3XfiHp2C0gVQFe4eVwpTffJiy8S8oIHl8644-2FpnOv2hsWiOfzQGh4qSUR2JTWVxlK-2B= c1GXIcNC15dHdYRPJZaby0Ji7kRGc6hWiFts0Q13QQnee5r6wVw7KtfswgX8aQzAVpz3xXrnW5K= Wj2CPrtoUTd6w1FQJQY6qK1h8bNgLk033unPBS8dX92JoZvxXDUXneZHrHDFjQXyiTxFCVUOL2I= szVbTGuSskxp838GVfnGRzyVgYApbrtjoFGv65A6EKPrrACI9U-2FcfQwK-2FfFTilURk63l9LF= E9oHN7He92QV6eW3qz0JH-2B1-2F-2BXQESUwwYlvVSqoPEcSmgwdmCHNwZco7t-2Fg-2FMBgpP= QMP97pIDObyWu7bWL7BrVaRbmupsgV7c4BTaHdEBqTieAUNIPnJvdlR18Z84Svzv4ZC-2F-2Flc= ARN7x8Wvszn-2FNevWRF46NAkwLQRVQIxJoeLoeZbLNTE67BQLX7-2BJNR6XuhUXhwsxCuN" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">PitchBook Analyst Note= : When Access to VC Becomes a Liability</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> 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