Tracked funding tape holds just one deal this window: Gimlet Labs (AI, Series B, $300M, $3.0B valuation, Andreessen Horowitz). Thin tape, but the headlines are loud: Mistral AI raised €3B in a Samsung-led Series D — a record for European AI — while Stoke Space raised $1B for its fully reusable Nova rocket. ARC Ride pulled $33M for African EV battery-swapping, and Indian fabric-care startup Iztri raised Rs 10 crore. Africaintech saw Moove drive 55% of the continent's $455M August raise. Mega-round board unchanged: OpenAI $122B, Waymo $16B, Scale AI $14B. Data is thin in the tracked tape this week — the headline raises above are sourced from news, not our deal-capture window.
Disclosed round capital in the window. Undisclosed amounts count as zero.
Disclosed rounds in the window · every bar opens the company's live page.
Tracked funding tape holds just one deal this window: Gimlet Labs (AI, Series B, $300M, $3.0B valuation, Andreessen Horowitz). Thin tape, but the headlines are loud: Mistral AI raised €3B in a Samsung-led Series D — a record for European AI — while Stoke Space raised $1B for its fully reusable Nova rocket. ARC Ride pulled $33M for African EV battery-swapping, and Indian fabric-care startup Iztri raised Rs 10 crore. Africaintech saw Moove drive 55% of the continent's $455M August raise. Mega-round board unchanged: OpenAI $122B, Waymo $16B, Scale AI $14B. Data is thin in the tracked tape this week — the headline raises above are sourced from news, not our deal-capture window.
| Date | Company | Round | Amount | Valuation | Lead | Sector |
|---|---|---|---|---|---|---|
| 2026-09-04 | Gimlet Labs | Series B | $300M | $3.0B | Andreessen Horowitz | AI |
Where the window's activity sits on the funding ladder: deal count (solid) against disclosed capital (faded) per stage, with the companies behind each cluster. Stages come from the reported round labels; undisclosed amounts count as zero capital.
a16z is the only tracked lead this window (Gimlet Labs, $300M). Fundraising headlines show LP capital still moving: Molten Ventures closed £175M first close for a European growth fund; Italy's Techshop hit €43M first close on Fund II; W Health Ventures closed Fund II at $74M (Rs 700 Cr), above target. StepStep led on Gainline in the secondaries market. Former Galaxy Digital exec's crypto fund DBA closed $68M for Bitcoin scaling and DeFi infra. Commitment pace is real but disciplined — growth and sector specialists are getting traction while generalist flow stays quiet.
| Lead Investor | Deals | Disclosed Capital |
|---|---|---|
| Andreessen Horowitz | 1 | $300M |
Anthropic walked away from a reported $6B acquisition of Israeli AI startup Decart after due diligence. Key friction point: Decart founders declined Anthropic's demand to relocate to the US. Deals of this size rarely die on logistics alone — this one died on founder alignment. Also: Lexroom acquired Bulgarian legal-tech startup Praven Intelekt — quiet but notable for EU legal-tech consolidation.
Funding headlines from outside the tracked book — sourced links, not QL data.
The largest recent private rounds ($100M+) across the tracked book — 2030 ranked. Full board: quantlogix.ai/mega-rounds.
Biggest overnight changes in the graded company score — scores only move when disclosed data moves, and every repricing grades the score that was standing.
| Company | Score | Δ |
|---|---|---|
| Increase | 49 → 65 | +16 |
| Any | 46 → 55 | +9 |
| Gimlet Labs | 55 → 63 | +8 |
The Silicon Valley Private Market Daily — the 8pm PT desk close: qualified raises, roster re-rates and sector velocity from the QL private-market pipeline.
The private market displays intense concentration in AI infrastructure and security, with substantial capital flowing into specialized platforms (Pixxel) and agent-security firms (AIR). However, structural inefficiency remains a concern for smaller growth companies on public-adjacent exchanges like First North, which are seeing de-listings due to low liquidity and failed fundraising, highlighting a widening gap between mega-round winners and smaller market participants.
🗂️ Dataset updated: added 2 companies to the QuantLogix private-companies list — Pixxel, AIR — 2,366 → 2,368. Append-only.
100 tracked names flagged for markdown risk — 122 scored nightly, 2244 left unscored (no comp bridge). Down rounds are recorded in the open ledger — receipts only work in public. Live boards: markdown-watch · down-round-ledger.
| # | Company | Sector | Risk Score | Band | Vs Comps | Last Mark | Last Round |
|---|---|---|---|---|---|---|---|
| 1 | Linktree | SaaS | 86 | High | +434% | $1.3B | 54 mo ago |
| 2 | Replit | Data / Infra | 86 | High | +251% | $9.0B | 41 mo ago |
| 3 | Xendit | Financial Services | 80 | High | +1843% | $2.7B | 52 mo ago |
| 4 | Forter | Fintech | 80 | High | +949% | $3.0B | 64 mo ago |
| 5 | Greenlight | Fintech | 80 | High | +602% | $2.3B | 65 mo ago |
| 6 | Betterment | Fintech | 80 | High | +426% | $1.1B | 41 mo ago |
| 7 | Cross River Bank | fintech | 80 | High | +211% | $3.0B | 53 mo ago |
| 8 | Discord | Consumer | 75 | High | +644% | $15B | 59 mo ago |
Nightly score: comp-bridge premium (45%) · round staleness (30%) · IPO-readiness drag (15%) · funding deceleration (10%). Companies without a computable public-comp bridge stay unscored — never guessed.
52 markdowns detected all-time · 10 flagged beforehand · 42 missed · hit rate 19.2%
| Company | Detected | Event | Mark | Called? |
|---|---|---|---|---|
| ChargeBee | 2026-09-07 | Mark cut −6.7% | $3.8B → $3.5B | ✗ Missed |
| Increase | 2026-09-07 | Mark cut −7.4% | $5.4B → $5.0B | ✗ Missed |
| Aurora Solar | 2026-09-07 | Mark cut −9.1% | $4.4B → $4.0B | ✗ Missed |
| Razorpay | 2026-09-07 | Mark cut −25.3% | $7.5B → $5.6B | ✗ Missed |
| Immutable | 2026-09-07 | Mark cut −28.6% | $3.5B → $2.5B | ✗ Missed |
| Zepto | 2026-09-07 | Mark cut −35.7% | $7.0B → $4.5B | ✗ Missed |
| Neuralink | 2026-09-07 | Mark cut −39.5% | $15B → $9.0B | ✗ Missed |
| Gong | 2026-09-07 | Mark cut −40.0% | $7.5B → $4.5B | ✗ Missed |
Down-round & valuation headlines scraped at publication from Google News, Hacker News, CNBC, Yahoo Finance and the wider tech press.
Mistral's €3B and Stoke's $1B are real but they're news-sourced, not in our tracked window. Don't extrapolate broad market openness from mega-rounds. The tracked tape this week is one deal.
ChargeBee (-6.7%), Increase (-7.4%), Aurora Solar (-9.1%) got hit this week. Linktree, Replit, and Xendit sit at high risk vs public comps. If you're raising, price against current marks, not last round optics.
A $6B acquisition fell apart over a relocation demand. For founders: cultural and operational alignment is due diligence — both sides fail it. Know your non-negotiables before signing.
Tracked deal flow is unusually thin — one deal — but headline capital is flowing to AI and deep-tech category leaders (Mistral, Stoke Space). Markdown pressure is steady and broadening, with Canva's valuation cut and SUGAR Cosmetics' 80% haircut surfacing publicly. M&A remains fragile: Anthropic-Decart proves even $6B deals collapse on founder-terms friction. Expect selective mega-rounds to contin