Latest Startups & Entrepreneurship News
K2 Space Secures $250M Series C at $3B Valuation
Satellite manufacturer K2 Space closed a $250 million Series C funding round led by Redpoint Ventures, valuing the company at $3 billion to scale 'Mega Class' spacecraft production. The funding supports mass production of high-power satellites optimized for launches like SpaceX’s Starship, following a $110M Series B and SES partnership.
First satellite GRAVITAS launches in March 2026 to test core technologies.
Spinny Raises $160M for GoMechanic Acquisition
Indian used-car retailer Spinny is securing $160 million in Series G funding to acquire car service platform GoMechanic, maintaining a $1.8 billion valuation. The deal aims to strengthen Spinny's full-stack position in the used-car value chain, including after-sales services.
This follows recent Indian startup activities like Inito's $29M AI diagnostics raise.
Phoebe Gates' Phia AI Startup Lands $30M
Phia, an AI startup backed by Phoebe Gates, secured $30 million in funding, valuing it at $180 million shortly after an $8 million seed round. The rapid funding highlights investor interest in AI innovations.
Details on Phia's specific AI applications remain focused on quick scaling.
Prime Security Raises $20M Series A
Prime Security announced a $20M Series A led by Scale Venture Partners to advance its Agentic Security Architect for cloud workloads and APIs. The platform embeds autonomous agents for threat detection and response, aligning with DevOps trends.
Funding targets North America and Europe expansion in regulated sectors.
U.S. House Passes INVEST Act of 2025
The INVEST Act modernizes U.S. capital markets by expanding accredited investor definitions, raising VC fund limits to 500 investors and $50M, and extending EGC status to seven years. It increases VC funds' secondary investments to 49% of capital and recognizes experience over wealth.
The bill aims to democratize startup investing.