OpenAI is reportedly discussing a $30 billion funding round that would value the company at $1.4 trillion. The round is expected to be its last before a delayed public debut in 2027.
3:52 PMTechCrunch14 stories from 7 sources
AI valuations and strategic capital defined the funding day
Day’s Recap
Supporting Articles
India is preparing a $25 billion investment push for deep-tech startups to reduce its reliance on foreign technology and narrow the gap with the U.S. and China.
1:12 AMCNBC
EliseAI has raised $350 million in a round led by Andreessen Horowitz and Bessemer Venture Partners, with participation from Ontario Teachers' Pension Plan, Sapphire Ventures and Navitas Capital. The funding values the Manhattan-based company at $4 billion as it expands AI tools for housing and health care systems.
2:02 PMHousing WireJeeves raised $110 million to scale its stablecoin-native banking platform for global enterprises. The company is building on its existing corporate card and expense management business.
2:26 PMFinextraJeeves raised $110 million from investors including Andreessen Horowitz and Coinbase to expand its fintech products. The plans include a stablecoin wallet, AI agents and instant payouts across more countries.
10:00 AMBloomberg Markets3:52 PMTechCrunch
OpenAI reportedly in talks to raise $30B round at $1.4T valuation
Summary
OpenAI is reportedly discussing a $30 billion funding round that would value the company at $1.4 trillion. The round is expected to be its last before a delayed public debut in 2027.
A $1.4 trillion valuation would place OpenAI among the world's most valuable private companies and
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal would reset private-market expectations for AI valuations and make OpenAI's eventual public offering a major test of investor appetite.
1:12 AMCNBC
India readies $25 billion for Deep Tech investment as U.S. and China race ahead
Summary
India is preparing a $25 billion investment push for deep-tech startups to reduce its reliance on foreign technology and narrow the gap with the U.S. and China.
The size of the proposed commitment signals a shift from startup support toward strategic technological
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
India is treating deep tech as a national competitiveness priority, which could reshape capital flows and the global startup landscape.
2:02 PMHousing Wire
EliseAI, Manhattan-Based Proptech Unicorn, Raises $350M
Summary
EliseAI has raised $350 million in a round led by Andreessen Horowitz and Bessemer Venture Partners, with participation from Ontario Teachers' Pension Plan, Sapphire Ventures and Navitas Capital. The funding values the Manhattan-based company at $4 billion as it expands AI tools for housing and health care systems.
The $4 billion valuation shows that investors still see strong growth potential in vertical AI,
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The round signals that specialized AI companies can attract multibillion-dollar valuations when they target costly, labor-intensive industries.
2 stories · 2 sources
2:26 PMFinextra
Jeeves raises $110m for stablecoin banking platform
Summary
Jeeves raised $110 million to scale its stablecoin-native banking platform for global enterprises. The company is building on its existing corporate card and expense management business.
The round shifts Jeeves' growth strategy toward stablecoin-based financial infrastructure for multinational companies. Success will
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The financing signals growing investor interest in stablecoins as an enterprise payments and banking layer.
10:00 AMBloomberg Markets
Jeeves Raises $110 Million From A16z, Coinbase for Crypto Push
Summary
Jeeves raised $110 million from investors including Andreessen Horowitz and Coinbase to expand its fintech products. The plans include a stablecoin wallet, AI agents and instant payouts across more countries.
The decisive shift is Jeeves putting crypto infrastructure at the center of its next expansion
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The round signals continued investor appetite for fintech companies that connect global payments with stablecoins and AI.
Other Developments
A curated list of other prominent stories from this day.
AI-native startup Elio Mortgage has launched with $5.1 million in pre-seed funding. Motive Partners and Social Leverage led the round.
8:01 PMFinextra
Elio Mortgage launched with $5.1 million in preseed funding led by Motive Partners and Social Leverage. The company plans to pursue nationwide licensing and hire loan officers.
11:17 AMHousing WireCoinbase Ventures and CMCC Global closed a strategic funding round with Raven, an institutional market maker focused on prediction markets. Raven supplies continuous buy and sell orders for prediction-market contracts.
9:05 AMCNBC
Reco raised $55 million, following a $30 million round in February, bringing its total funding to $140 million. The company is competing in a growing field of startups focused on securing AI agents.
8:30 AMTechCrunchDorm Room Fund, which enables college students to invest in fellow student founders, has raised a new $50 million fund as competition for young AI entrepreneurs intensifies.
7:32 AMUniversity BusinessFrankfurt-based fintech spotixx has received Eurostars funding for a joint project with Dutch technology company Roseman Labs, supported by Germany's Federal Ministry of Research, Technology and Space.
5:14 AMFinextraLux Capital is in discussions to lead part of a roughly €200 million funding round for Dutch defense startup Onodrim, according to people familiar with the matter. The investment would reportedly value the company at more than $1 billion.
3:37 AMBloomberg MarketsFrench open-source infrastructure company Marble has raised €6.5 million in a Series A round to develop fraud detection and AML/CFT compliance tools.
3:00 AMFinextra8:01 PMFinextra
Elio Mortgage launches with $5.1m in pre-seed funding
Summary
AI-native startup Elio Mortgage has launched with $5.1 million in pre-seed funding. Motive Partners and Social Leverage led the round.
Elio enters the mortgage market with unusually strong early backing for a pre-seed company. The
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal signals continued investor appetite for applying AI to large, inefficient financial workflows, including mortgage lending.
11:17 AMHousing Wire
Elio Mortgage launches with $5.1M preseed funding
Summary
Elio Mortgage launched with $5.1 million in preseed funding led by Motive Partners and Social Leverage. The company plans to pursue nationwide licensing and hire loan officers.
Elio is using early capital to build the regulatory footprint and sales force required for
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The launch adds a newly funded mortgage entrant at a time when nationwide distribution and operating efficiency remain critical advantages.
9:05 AMCNBC
Coinbase Ventures and CMCC Global close strategic funding round with trading firm Raven
Summary
Coinbase Ventures and CMCC Global closed a strategic funding round with Raven, an institutional market maker focused on prediction markets. Raven supplies continuous buy and sell orders for prediction-market contracts.
The funding adds institutional liquidity to a market that depends on active trading to make
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Better market making could help prediction markets move from niche products toward more liquid, institutionally supported venues.
8:30 AMTechCrunch
Reco raises $55M as AI agent security startups crowd the market
Summary
Reco raised $55 million, following a $30 million round in February, bringing its total funding to $140 million. The company is competing in a growing field of startups focused on securing AI agents.
Investor funding is accelerating the market for tools that monitor and control AI agents as
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The funding surge signals that AI agent security is becoming a standalone enterprise software category.
7:32 AMUniversity Business
College students flex their power in AI investment frenzy
Summary
Dorm Room Fund, which enables college students to invest in fellow student founders, has raised a new $50 million fund as competition for young AI entrepreneurs intensifies.
The new fund gives student investors more capital and influence just as AI startups compete
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Student investors are becoming a more consequential channel for discovering and financing the next generation of AI founders.
5:14 AMFinextra
EU backs spotixx
Summary
Frankfurt-based fintech spotixx has received Eurostars funding for a joint project with Dutch technology company Roseman Labs, supported by Germany's Federal Ministry of Research, Technology and Space.
The grant gives spotixx resources to develop its project with Roseman Labs and signals public
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EU-backed collaboration is helping European fintechs build shared technology while reducing dependence on non-European capital and platforms.
3:37 AMBloomberg Markets
Lux Capital in Talks to Join Onodrim Round at Unicorn Valuation
Summary
Lux Capital is in discussions to lead part of a roughly €200 million funding round for Dutch defense startup Onodrim, according to people familiar with the matter. The investment would reportedly value the company at more than $1 billion.
A potential unicorn valuation would mark a sharp escalation in investor appetite for European defense
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The round would show that defense startups are attracting late-stage venture capital at valuations once reserved for mainstream software companies.
3:00 AMFinextra
Marble raises €6.5m to automate compliance
Summary
French open-source infrastructure company Marble has raised €6.5 million in a Series A round to develop fraud detection and AML/CFT compliance tools.
Marble will use new capital to scale software that automates costly financial-crime controls. Banks and
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Compliance automation is becoming core infrastructure as financial institutions face rising monitoring costs and fraud exposure.
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