Strategy | Financing | Macro & Markets
Private Placement / Financing Transactions

PsiQuantum: The company is reportedly in the process of raising an estimated $750 million in venture funding in a deal led by BlackRock on March 25, 2025, putting the company’s pre-money valuation at $6 billion. The company is building large-scale, fault-tolerant quantum computing systems based on photonics and semiconductor technology.

FlexAI: The company raised $200 million of Series D venture funding from undisclosed investors on March 29, 2025, putting the company’s pre-money valuation at $1.55 billion. The company is a developer of a Workload as a Service (WaaS)  artificial intelligence platform.

Nexthop.ai: The company raised $110 million of venture funding in a deal led by Lightspeed Venture Partners on March 25, 2025. Battery Ventures, Emergent Ventures, WestBridge Capital, and Kleiner Perkins also participated in the round. The company is a developer of an artificial intelligence infrastructure designed to build custom networking systems.

Omaha Productions: The company, founded by former football quarterback, Peyton Manning, received $75 million of development capital from Silver Lake and Mr. Patrick Whitesell on March 27, 2025. The company is an operator of an entertainment business that provides live telecasts for college football and sports content.

Arcade: The company raised $25 million of Series A venture funding in a deal led by Canaan Partners on March 24, 2025, putting the company’s pre-money valuation at $177 million. Inspired Capital, Torch Capital, Factorial Funds, Forerunner Ventures, Offline Ventures, Adverb Ventures, Sound Ventures, Sara Beykpour, Kayvon Beykpour, Marissa Mayer, Anna Veronika Dorogush, Eugenia Kuyda, Reid Hoffman, Colin Kaepernick, David Luan, Jeffrey Wilke, Karlie Kloss, Christy Burns, and other undisclosed investors also participated in the round. The company is a developer of an artificial intelligence product creation platform designed to facilitate the production of on-demand and personalized items.

Distributed Spectrum: The company raised $25 million of Series A venture funding in a deal led by Shield Capital, Conviction Partners and Nat Friedman on March 25, 2025, putting the company’s pre-money valuation at $100 million. Xfund, Felicis, Eric Glyman, Chris Re, Arash Ferdowsi, Matt MacInnis, Zak Stone and Stan McChrystal also participated in the round. The company is a developer of a spectrum monitoring system intended to provide critical situational awareness and actionable alerts.

Playback: The company raised $22 million of venture funding from Seven Seven Six and other undisclosed invetsors on March 27, 2025. The company is an operator of a sports streaming platform.

Brisk Teaching: The company raised $15 million of Series A venture funding in a deal led by Bessemer Venture Partners on March 26, 2025, putting the company’s pre-money valuation at $68.5 million. South Park Commons, Owl Ventures, Springbank Collective, and other undisclosed investors also participated in the round. The company is a developer of an artificial intelligence-powered teaching assistant designed to help teachers save time, personalize instruction, and assess student learning.

Fyxer AI: The company raised $10 million of venture funding in a deal led by 20VC on March 24, 2025, putting the company’s pre-money valuation at an estimated $50 million. Marc Benioff, Marcelo Claure, David Singleton, Lenny Ratchinsky, and Nico Rosberg also participated in the round. The company is a developer of a business operations platform designed to improve productivity through email application integration.

Crstl: The company raised an estimated $6 million of Series A venture funding in a deal led by Mosaic General Partnership and Cohen Circle on March 25, 2025, putting the company’s pre-money valuation at $25 million. Shopify Ventures, and other undisclosed investors also participated in the round. The company is a developer of a business-to-business commerce network platform designed to eliminate electronic data interchange workflow bottlenecks for modern brands, fulfillment providers, and retailers.

Chord: The company raised $5.5 million of venture funding in a deal led by M13 on March 27, 2025. GRO Capital and Act One Ventures also participated in the round. The company is a developer of a commerce-as-a-service software intended to clean, standardize, and interpret data to deliver AI-powered insights.

LTV.ai: The company raised $5 million of Series A venture funding in a deal led by Bling Capital on March 28, 2025. The company is an operator of a blockchain-based loyalty program platform intended to reward customers for their shopping habits.

Nace.AI: The company raised $5 million of venture funding in a deal led by General Catalyst on March 24, 2025. .406 Ventures and other undisclosed investors also participated in the round. The company is an operator of a metamodeling platform designed to generate custom AI models for various business applications.

Beam: The company raised an undisclosed amount of venture funding from Primordial on March 25, 2025. The company is a developer of a cloud-based product intelligence platform designed to help the media industry reduce equipment failure.

DataOps.live: The company raised an undisclosed amount of venture funding from Snowflake Ventures on March 25, 2025. The company is a developer of a data operations platform intended to bring agile automation and IoT data compression to the cloud data platform.

WorkSpan: The company raised Series D venture funding from undisclosed investors on March 24, 2025. The company is a developer of a co-sell management network designed to let ecosystem leaders build a market and sell with their strategic partners.


M&A Transactions

OpenBet Technologies / OB Global Holdings: The company was acquired by OB Global Holdings, Mr. Ariel Emanuel and Mr. Jordan Levin for $450 million on March 24, 2025. The company is a developer of integrated gaming and betting software designed to cater to the needs of bookmakers, casinos and lotteries.

OfferFit / Braze: The company reached a definitive agreement to be acquired by Braze for $325 million on March 27, 2025. The company is a developer of an AI-based self-learning decision engine designed to improve the commercial return on promotions.

Napster / Infinite Reality: The company was acquired by Infinite Reality, a subsidiary of Display Social, for $207 million on March 25, 2025. The company is a provider of subscription digital music services designed to give members advertisement-free access to millions of songs.

OutPlay / Click Labs: The company was acquired by Click Labs for $14 million on March 27, 2025. The company is a developer of referral marketing software designed for web and mobile application growth.

Ai4 / CloserStill Media: The company was acquired by CloserStill Media, via its financial sponsor Providence Equity Partners, through an LBO on March 28, 2025 for an undisclosed amount. The company is a provider of artificial intelligence events and media services intended for the business community.

Boat Rocker Media / Blue Ant Media: The company reached a definitive agreement to be acquired by Blue Ant Media on March 24, 2025. Boat Rocker Media Inc is an integrated entertainment company that tells stories and builds iconic brands across all genres and mediums.

Game Infomer / Gunzilla Games: The company, a subsidiary of GameStop was acquired by Gunzilla Games for an undisclosed amount on March 25, 2025. The company is a provider of publishing services focused on the video game industry.

Jaq N Jil / FlyRank: The company was acquired by FlyRank for an undisclosed amount on March 25, 2025. The company is a developer of an artificial intelligence-based content writing tool intended for marketing agencies and freelancers.

Jauntboards / Chief Outsiders: The company was acquired by Chief Outsiders for an undisclosed amount on March 26, 2025. The company is an operator of an online platform intended to streamline project execution by combining artificial intelligence (AI) and human collaboration for efficient processes.

LocalFactor / Viamedia: The company was acquired by Viamedia, via its financial sponsor Lake Capital, through an LBO on March 24, 2025 for an undisclosed amount. The company is a developer of multi-platform advertising technology designed for brands and agencies.

Mikros Animation / Rodeo FX: The company, a subsidiary of Technicolor Group was acquired by Rodeo FX for an undisclosed amount on March 27, 2025. The company is an operator of a CGI animation studio intended to offer front-end services through to the final picture for feature, long-form episodic and traditional episodic animation.

Mobotix / Certina Holding: The company entered into a definitive agreement to be acquired by Certina Holding through an LBO on March 25, 2025 for an undisclosed amount. Mobotix AG manufactures video management systems and IP cameras.

Playback / Unknown Investor: The company was acquired for an undisclosed amount on March 26, 2025. The company is a developer of a video-based e-commerce platform designed to let retailers and brands meet each other live.

RACER Network / Racer Media & Marketing: The company was acquired by Racer Media & Marketing for an undisclosed amount on March 27, 2025. The company is an operator of a television network based in Corona, California.

RADIODATA / TTC Holding: The company was acquired by TTC Holding for an undisclosed amount on March 25, 2025. The company is a developer and manufacturer of cellular and simulcast radio networks designed for voice and data communications.

Sphere Abacus / Bell Media: Bell Media, a subsidiary of BCE reached a definitive agreement to acquire the company, a subsidiary of Sphere Media for an undisclosed amount on March 26, 2025. The company is an operator of a television business based in London, United Kingdom.


Source: Pitchbook Data, Inc.

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