Traded: Venture Capital

Traded Today, May 4, 2026 · Anthropic teams with Goldman, Blackstone and others on $1.5 billion AI venture targeting PE-owned firms. · Bret Taylor's Sierra raises nearly $1 billion months after last capital push. · Katie Haun raises $1B for new venture funds. · Panthalassa raised $140M Series B at $1B valuation. Peter Thiel led. · Reserv raised $125M Series C at $100M ARR. KKR led.

BREAKING: GEOTHERMAL STARTUP FERVO ENERGY TO RAISE UP TO $1.3B IN IPO first major geothermal ipo. clean energy + ai-compute angle. IPOs for energy infra are returning.

Certifyde, the AI adoption platform for modern businesses, has raised $2 million in seed funding in a round backed by K5 Global, Flamingo Capital, and a mix of high-profile investors, including George Ruan (Honey), Brad Garlinghouse (Ripple Labs), Roland Peralta (Nutrafol), Taylor Fritz, and artists Diplo and Kygo. The company, led by Co-Founders CEO Skylar Hauswirth & CTO Mike Kelly, is building a browser-based “Productivity Companion” that layers AI guidance into existing workplace tools to improve AI fluency and drive measurable productivity gains, alongside its Academy product for training and compliance programs. The new capital will be used to expand go-to-market efforts, accelerate product development, and scale infrastructure as adoption grows among enterprise and public-sector customers. FOUNDER: Skylar Hauswirth, Mike Kelly INVESTORS: K5 Global, Flamingo Capital, George Ruan (Honey), Brad Garlinghouse (Ripple Labs), Roland Peralta (Nutrafol), Taylor Fritz, Diplo, Myles Shear, & Kygo ROUND: Seed AMOUNT: $2,000,000 HQ: Miami, Florida #VentureCapital #Certifyde #SkylarHauswirth #TradedVC

OLIPOP is raising $200 million after M&A discussions ended without a deal, according to people familiar with the matter, following its prior $50 million raise at a $1.85 billion valuation in February 2025. The move comes as the modern soda category continues its rapid expansion, with sales up 46% to $1.7 billion in 2025 and another 24% growth year-to-date, according to Circana. Investor appetite in the space remains active, with recent deals including Vanterra Ventures leading Cove Soda’s $15 million Series A, alongside additional fundraising from brands like Stiller’s Soda, Something & Nothing, and Living Things. FOUNDER: Ben Goodwin & David Lester AMOUNT: $200,000,000 HQ: Oakland, California #VentureCapital #OLIPOP #BenGoodwin #DavidLester #Traded

Panthalassa, a renewable energy and ocean technology company, raised $140 million in Series B funding led by Peter Thiel, with participation from investors including John Doerr, TIME Ventures, SciFi Ventures, Susquehanna Sustainable Investments, Hanwha Group, and others, alongside returning backers such as Founders Fund and Lowercarbon Capital. The Portland, Oregon–based public benefit corporation said the capital will complete its pilot manufacturing facility near Portland and accelerate deployment of its Ocean-3 nodes, autonomous floating systems that generate wave-powered electricity offshore and run AI inference workloads onboard. Co-founder and CEO Garth Sheldon-Coulson said the company is targeting the ocean as a major untapped energy source and plans to deploy its pilot systems in the northern Pacific in 2026 ahead of commercial rollout in 2027. FOUNDER: Garth Sheldon-Coulson INVESTORS: Peter Thiel, John Doerr, TIME Ventures, SciFi Ventures, Susquehanna Sustainable Investments, Hanwha Group, Anthony Pratt, Fortescue Ventures, Future Positive, WTI, Nimble Partners, Super Micro Computer, Sozo Ventures, Dylan Field, Planetary VC, Leblon Capital, Resilience Reserve, Portland Seed Fund & Intrepid Oregon Fund ROUND: Series B AMOUNT: $140,000,000 HQ: Portland, Oregon #VentureCapital #Panthalassa #GarthSheldonCoulson #TradedVC

BREAKING: KATIE HAUN RAISES $1B FOR NEW VENTURE FUNDS first major $1b+ vc fund close of 2026. crypto venture rebound after 18 months of vc dry powder migrating to ai.

BREAKING: BRET TAYLOR'S SIERRA RAISES NEARLY $1 BILLION MONTHS AFTER LAST CAPITAL PUSH second sierra raise in months. bret taylor (ex-salesforce co-ceo, openai chair) building enterprise ai agents at $10b+ valuation.

BREAKING: ANTHROPIC TEAMS WITH GOLDMAN, BLACKSTONE AND OTHERS ON $1.5 BILLION AI VENTURE TARGETING PE-OWNED FIRMS distribution-as-moat thesis confirmed. anthropic + blackstone + h&f + goldman building a consulting jv to push ai into pe-owned companies.

Reserv, a New York–based AI-native third-party administrator (TPA) and software provider for property and casualty insurance, has raised $125 million in Series C funding led by KKR, with participation from Bain Capital Ventures, Flourish Ventures, and select strategic partners and clients. Founded in 2022 by CJ Przybyl and Martha Dreiling, the company plans to use the capital to expand operations and further develop its claims technology platform, which is designed to streamline claims handling, reduce loss costs, and improve customer experience for insurers. Reserv currently serves roughly 200 insurers, corporate captives, MGAs, and brokers. FOUNDERS: CJ Przybyl & Martha Dreiling INVESTORS: KKR, Bain Capital Ventures & Flourish Ventures ROUND: Series C AMOUNT: $125,000,000 HQ: New York #VentureCapital #Reserv #CJPrzybyl #MarthaDreiling #TradedVC

worldly acquires bendi software FOUNDERS: Jason Kibbey (@jasonkibbey) CEO: Scott Raskin (@Scott_Raskin) NAME: WORLDLY (@Worldly) ACQUIRED: Bendi Software (@Bendi_ai) ACQUIRED FOUNDERS: Mandeep Soor, Benjamin Norsworthy & Olivier Bacs ROUND: Acquisition AMOUNT: Undisclosed HQ: San Francisco, California

BREAKING: freemind investments invests in general proximity for induced proximity medicines FOUNDERS: Armand Cognetta (@armandcognetta) NAME: GENERAL PROXIMITY (@genproximity) INVESTORS: FreeMind Investments and Daewoong Pharmaceutical (new), with prior investors including @ycombinator, @felicis, age1, Wilson Sonsini, Modi Ventures ROUND: Strategic Investment AMOUNT: Undisclosed HQ: San Francisco, California

opaque acquires tii cryptographic ai technologies FOUNDERS: Ion Stoica, Rishabh Poddar (@Rishabhpoddar) & Raluca Ada Popa (@ralucaadapopa) CEO: Aaron Fulkerson (@aaronfulkerson) NAME: OPAQUE ACQUIRED: TII Cryptographic AI Technologies (Multi-Party Computation, Fully Homomorphic Encryption, Post-Quantum Cryptography) ROUND: Acquisition AMOUNT: Undisclosed HQ: San Francisco, California

BREAKING: $20,000,000 series a at enzo health for ai for home health and post-acute care FOUNDERS: Zach Newman (@zach_newman) NAME: ENZO HEALTH INVESTORS: N47 (lead), Gradient, Tandem Ventures, Rigby Watts (existing investors) ROUND: Series A AMOUNT: $20,000,000 HQ: Lehi, Utah

BREAKING: $25,000,000 series b-2 at anello photonics for silicon photonics optical gyroscopes FOUNDERS: Mario Paniccia (@MarioPaniccia) & Mike Horton (@horton_mike) NAME: ANELLO PHOTONICS (@anellophotonics) INVESTORS: MESH (lead), Washington Harbour Partners, Lockheed Martin Ventures, Catapult Ventures, New Legacy Ventures, One Madison Group, IronGate Capital, Mana Ventures ROUND: Series B-2 AMOUNT: $25,000,000 HQ: Santa Clara, California

BREAKING: $125,000,000 series c at reserv for ai-native insurance claims tpa FOUNDERS: CJ Przybyl (@CJPrzybyl) & Martha Dreiling (@MarthaDreiling) NAME: RESERV INVESTORS: @KKR_Co (lead), @BainCapVC, @FlourishVC (existing investors), select strategic partners and clients ROUND: Series C AMOUNT: $125,000,000 ARR: $100,000,000 HQ: New York, New York

Glif launched Glif V2 alongside announcing a $17.5 million seed round co-led by Andreessen Horowitz (a16z) and Union Square Ventures (USV). The company positions itself as a “creative super agent” that lets users generate ads, marketing content, films, short-form videos, voiceovers, music, and more in a single conversational workflow by orchestrating a wide range of AI models. The funding will support expanding its platform as it pushes toward an all-in-one AI creative production tool. FOUNDER: Jonathan Schwartz INVESTORS: Andreessen Horowitz (a16z) & Union Square Ventures (USV) ROUND: Seed AMOUNT: $17,500,000 HQ: New York #VentureCapital #Glif #JonathanSchwartz #TradedVC

BREAKING: $140,000,000 series b at panthalassa for ocean-powered ai compute FOUNDERS: Garth Sheldon-Coulson (@garthsc) & Brian Moffat NAME: PANTHALASSA (@_panthalassa) INVESTORS: @peterthiel (lead, personal). New: @johndoerr, @benioff (TIME Ventures), @scifivc (Max Levchin), Susquehanna Sustainable Investments, @hanwha, Anthony Pratt, Fortescue Ventures, Future Positive, WTI, Nimble Partners, Super Micro Computer, Sozo Ventures, @zoink (Dylan Field), Planetary VC, Leblon Capital, Resilience Reserve, Portland Seed Fund, Intrepid Oregon Fund. Returning: @foundersfund, @gigascale, Lowercarbon Capital, Unless, WovenEarth. ROUND: Series B AMOUNT: $140,000,000 VALUATION: $1B HQ: Portland, Oregon

Musely, a direct-to-consumer telemedicine platform specializing in compounded treatments for skin, hair, and menopause care, has secured over $360 million in non-dilutive capital from General Catalyst’s Customer Value Fund, avoiding any equity dilution. Co-founder and CEO Jack Jia said the company—founded in 2014 and pivoted into prescription skincare in 2019—has been cash-flow positive for years and had repeatedly turned down traditional VC funding before agreeing to CVF’s revenue-share-style structure. The funding will be used to accelerate customer acquisition through sales and marketing as Musely continues to scale its asynchronous care model with board-certified dermatologists and OB-GYNs, having served more than 1.2 million patients and grown revenue roughly 50% year-over-year. FOUNDER: Jack Jia INVESTOR: General Catalyst AMOUNT: $360,000,000 HQ: Santa Clara, California #VentureCapital #Musely #JackJia #TradedVC

$10,000,000 seed at barocal for solid-state barocaloric cooling FOUNDERS: Xavier Moya NAME: Barocal INVESTORS: World Fund (lead), Breakthrough Energy Discovery, Cambridge Enterprise Ventures, IP Group ROUND: Seed AMOUNT: $10,000,000 HQ: Cambridge, United Kingdom