SEEDCAMP RAISES $320M TO EXPAND INTO US MARKET
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
European early-stage investor Seedcamp has closed a $320 million fund to establish a stronger presence in the United States, marking a significant shift after 18 years of primary focus on European startups.
■ MORE FROM THE STARTUPS DESK
New York-based Probook secured $34 million in Series A funding led by a16z to build an artificial intelligence operating system for home service businesses. The company previously raised $6 million in seed funding from Sequoia.
A-Star raised $450 million and is doubling down on its strategy of writing smaller checks to early-stage startups, according to co-founder and General Partner Bennett Siegel. The approach contrasts with larger competitors but the firm argues it delivers better returns.
xLight, a startup developing advanced lasers for extreme ultraviolet (EUV) lithography machines, is raising $350 million in a funding round led by Boardman Bay and Bain Capital.
Xiaohongshu, China's leading social commerce platform, is preparing for an initial public offering. The move signals renewed confidence in China's tech sector despite recent regulatory scrutiny.