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OpenAI to open its first EU office

OpenAI to open its first EU office
PrivCo's Daily Stack ® is a daily financial newsletter, where you'll find the latest fundings and deals in the private market.
September 15, 2023

What We're Reading

  • OpenAI to open its first EU office as it readies for regulatory hurdles [TechCrunch]  
  • Caesars Entertainment says customer data stolen in cyberattack [TechCrunch] 
  • Hackers claim MGM cyberattack as outage drags into fourth day [TechCrunch] 
  • TikTok’s revamped creator fund expands beyond the US to Brazil, Germany, Korea and more [TechCrunch] 

Trending Companies


Alerje, a firm that develops emergency medicine & food allergy management, receives $1MM Grant from National Science Foundation.

Food Service • Detroit, MI • Post-Money Valuation


Actio Biosciences, a company that develops new therapeutics that target shared genetics in rare and common diseases, raises $55MM Series A from Canaan.

Drug Research • San Diego, CA • Post-Money Valuation


Optera, a provider of an ESG and carbon management software platform, raises $12MM Series A from NextFrontier Capital.

Enterprise Software • Boulder, CO • Post-Money Valuation


GHGSat, a company that specializes in environmental monitoring, raises $44MM Series C-1 from Fonds de solidarite FTQ.

Industrial Services • Montreal, Canada


Erthos, a company that provides solutions designed to reduce the levelized cost of energy (LCOE) for utility-scale solar power plants, raises $24MM Equity Funding from Capricorn Investment Group.

Solar • Tempe, AZ • Post-Money Valuation


Elsa, a company leveraging machine learning and speech recognition technology, raises $23MM Series C from UOB Venture Management.

E-Learning • Los Gatos, CA • Post-Money Valuation


Treasury4, a company that creates advanced data analytics tools and solutions for corporate finance and treasury professionals, raises $20MM Series A from WestCap.

Fintech • Spokane, WA • Post-Money Valuation


Common Trust, a financing platform dedicated to helping small business owners, raises $2.6MM Seed from Crossbeam Venture Partners.

SaaS • Homewood, CA • Post-Money Valuation


MyRadar, a company that develops MyRadar, a free weather and environmental information app, raises crowdfunding from undisclosed investors.

Consumer Software • Orlando, FL • Post-Money Valuation


CertifID, a company that specializes in secure transaction verification and protection against wire fraud in real estate transactions, raises $20MM Series B from Arthur Ventures.

Fraud Protection • Austin, TX • Post-Money Valuation


Big Rock Brands acquires Fish Consulting, a PR agency responsible for creating communications strategies for growing franchise and multi-location brands.

Advertising • Fort Lauderdale, FL • Deal


Omnicom acquires FP1 Strategies, a general consulting and political advertising firm.

Consulting • Washington, DC • Deal


Weiss Technik North America acquires Dynavac, a company that manufactures high vacuum systems for thin film deposition, space simulation and custom-engineered applications.

Manufacturing • Hingham, MA • Deal


Concord Health Partners invests in NeuroFlow, a company that develops a digital health platform intended to provide assistance to heal mental health problems.

Digital Health • Philadelphia, PA • Deal


Bain Capital Private Equity to acquire Harrington Plastic Solutions, a company that distributes thermoplastic pipes, valves, fittings, tanks, tubing and hose.

Industrial Products • Chino, CA • Deal


Havencrest Capital Management invests in Tekton Research, a contract research organization that provides clinical research services in multiple therapeutic areas.

Health Care Services • Austin, TX • Deal


TorQuest Partners invests in Brimich Logistics, a supply chain management and third-party logistics company.

Logistics • Ontario, Canada • Deal

Decathlon Capital Partners invests in Youtooz, a firm that manufactures and distributes collectible items and toys.

Manufacturing • British Columbia, Canada • Deal


Pacific Lake Partners and Philip Borden acquires LabShares Newton, a provider of shared laboratory facilities, advanced equipment, and associated services for life science and biotech customers.

Health Care Services • Newton, MA • Deal


Bregal Sagemount invests in Bradford Airport Logistics, a logistics and supply chain company.

Supply Chain Management • Houston, TX • Deal


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